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Gold/Mining/Energy : Gold coins

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To: John Mansfield who wrote (14)10/6/1998 7:52:00 PM
From: Pirate  Read Replies (1) of 90
 
From "golden eagles" I assume you mean the bullion coins? If so, not much really matters - they are simply an ounce (half ounce, qtr, tenth) of gold. New, old, really doesn't matter. There are some "rarities" in the bullion series, but IMHO not worth the premium.

It has always seemed to me that the spread on buy/sell of these bullion coins is too large - the middlemen make too much money. I can buy an ounce today for $310 but only sell it for $295 (for example purposes).

If you are interested in buying a coin that has an ounce of gold, but also has history and is a collectable, look into the St Gaudens $20 gold piece or the Double Eagles. Both are true coins of the realm and have a slight collector value. (Of course you could get some real collector coins for hundreds of thousands if you wish - but I don't reccommend as an investment.

For these coins you will pay the price of spot gold plus a collector premium. I prefer these when buying gold due to the numismatic value, but it is also a hobby to me...

As in stocks - read, read, read, learn, learn, learn - before investing any money.
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