Hey guys, I'm a young collector and am thinking of getting my first gold coin soon, as my birthday is coming around and I've worked a little over the summer.
Does anyone have any advice on what I should get with a modest budget of around $300?
Either that or Russian imperial coins, which have very nice engravings. If you want to get more than one gold coin, you should probably get 一分判金 (ichibu kin) which usually have a purity around 50%.
With that kind of money you should just buy a bunch of silver cheap.
Kenny
- Verifying your Asian and British-territorial coins everyday with the best quality photos and the best information.
With a budget of $300 you won't be able to buy a Sovereign however why not consider a half sovereign? I always thought they were better proportioned than their larger counterparts. The good news is that the increased price of gold means you can get a nice Victorian coin for pretty much the same price as a soulless modern issue.
Expect to pay around $260 for a nice circulated coin, slightly more for a slabbed and certified example. Unless you are VERY confident about the source and you ability to spot a fake I would recommend buying a coin certified by one of the top tier companies: NGC, PCGS, ANACS.
Non illegitimis carborundum est. Excellent advice for all coins.
Make Numismatics Great Again!
Quote: @josephjkWho is a reliable dealer in the US for bullion coins? Anyone have experience?
Heritage is probably the best option but be aware that there is a buyer's premium to be paid on top of the bid price.
I'm guessing you are asking about items of numismatic interest rather than bullion? Anyone wanting to buy bullion purely for investment has a whole lot of PM dealers to choose from. I would certainly avoid eBay though, even certified coins are being faked now.
Non illegitimis carborundum est. Excellent advice for all coins.
Make Numismatics Great Again!
Their is also another option which you may wish to consider. When I start my coin collecting again I am going down the rout of Uncirculated date runs of lowish value coins. I am going to start off by collecting Elizabeth II Penny's all in Unc condition this will only cost (assuming the book is correct) about £12 which is nothing, Ok I will need to factor in postage as well and if I want the 1953 proof then budget another £7. Then I will move on to the George VI Penny's these are a lot more expensive book value of £201 all Unc not including proofs. My point is you could put together an impressive collection with the money you have and it will be good fun hunting down the coins you have decided to buy from various sources.
I think tho you should collect what pleases you artistically or historically rather than just buying gold for the sake of buying gold. Having said that gold is a truly stunning metal.
Thanks guys for all the advice. Walder coins - I do something similar with canadian coins (collecting every year) but I don't care about the condition. And it would definitely help if I spent that money to get more of those silver victorian coins.
My current thinking is that I will go to a big coinshow in October and ask different dealers about what they suggest. If I am to get a gold coin, I want something old, whose numismatic value has just been surpassed by it's bullion value (or vice versa) so that if price of gold drops, I still have the value.
this is my list of possibilities so far:
British 1/2 sovereign or 1 sovereign
Australian 1/2 sovereign or 1 sovereign
Swiss gold coin (either 10 franken or 20 franken)
South Africa 1/2 pond
U.S. gold $1 or $2.5
Austrian Ducats
Quote: eminemThanks guys for all the advice. Walder coins - I do something similar with canadian coins (collecting every year) but I don't care about the condition. And it would definitely help if I spent that money to get more of those silver victorian coins.
My current thinking is that I will go to a big coinshow in October and ask different dealers about what they suggest. If I am to get a gold coin, I want something old, whose numismatic value has just been surpassed by it's bullion value (or vice versa) so that if price of gold drops, I still have the value.
this is my list of possibilities so far:
British 1/2 sovereign or 1 sovereign
Australian 1/2 sovereign or 1 sovereign
Swiss gold coin (either 10 franken or 20 franken)
South Africa 1/2 pond
U.S. gold $1 or $2.5
I'd go with the $2 1/2 Indian. It's cool because...
1. It's gold.
2. It's the only incuse US coin.
3. You can call it a quarter eagle and sound awesome.
It's a rather unique and interesting piece in my opinion. If you tried paying with that today, most people would probably refuse to accept it. Those coins are my favorite.
Free thinkers only thrive in history books.
~ Bayside - Howard
If you want to get more coins for your money you could try getting a few of the smaller gold coins rather than 1 bigger one. Like the Mexican 2, 2.5 or 5 peso coins
aha... i dont collect belgium coins, but i did buy a box recently... (2 mths ago) it was a shoebox of world coins, and in there it was a fraction of belgian coins (didnt count how much tho) in it. i found a gold coin in there..... fantasy find, but belgian gold and those 5 franc silvers are really nice... if you want sth relaxing to look at, just aesthetically pleasing, id say belgian gold or a helvetica. for sth that is just plain shining glory, i'd say the mexican ones (idk bout price) or as the other ppl said... american and british. they are all nice but it rlly depends on your taste. good luck in choosing one
University is time consuming, cherish your free time!
Don't tell any one I said this but I don't actually like modern gold coins. If I was to buy a gold coin I would go ancient or Byzantine any day over anything made over the past 100 years or so.
My first gold coin was a 1967 Canada $20 gold coin. It was part of a set that my dad bought in 1967 and was issued to celebrate Canada's centennial (100th birthday). Dad paid $40 (issue price) for the entire set from the Royal Canadian Mint. Today, the gold content in this $20 gold coin is worth approximately $1000.00 CAD. I was 2 years old when Dad bought this coin for me. I may have to sell it soon to pay more medical bills. I once took it to a pawn shop but an hour later when back and bought it back. Currently, this is the only gold coin that I still have.
Quote: coinsoldierMy first gold coin was a 1967 Canada $20 gold coin. It was part of a set that my dad bought in 1967 and was issued to celebrate Canada's centennial (100th birthday). Dad paid $40 (issue price) for the entire set from the Royal Canadian Mint. Today, the gold content in this $20 gold coin is worth approximately $1000.00 CAD. I was 2 years old when Dad bought this coin for me. I may have to sell it soon to pay more medical bills. I once took it to a pawn shop but an hour later when back and bought it back. Currently, this is the only gold coin that I still have.
that is very sad, and from what I understand (with you being in the Army), I believe it to be a great injustice that you would have to pay any medical bills at all. I hope you don't have to sell it
Quote: eminemthat is very sad, and from what I understand (with you being in the Army), I believe it to be a great injustice that you would have to pay any medical bills at all. I hope you don't have to sell it
perseverance is the key to everything. the world cannot be without logic. but to pay medical fees for serving your country is not logical. best of luck (again)
University is time consuming, cherish your free time!
I will... there is a large coin show in October (the day before my birthday) called Torex, and that is where I will make up my mind. Don't worry, I will tell you guys what I chose to do.
good luck in choosing one 
