CoinWeek IQ: Collecting Gold Coins: Tips for the Rest of Us 

You seem to be someone that has an interest in gold. Surely if the economy does crash and gold 10xs it doesn't matter what coins you have as long as its high grade gold?

Trying to understand your comment. Are you saying that if the economy crashes and gold goes up in value by 10x then only high grade (fineness) gold goes up in value? Or only gold coins in high states of preservation will go up in value? On the former point, even low fineness gold goes up in value when gold goes up in value. On the latter, if an economic crisis makes gold explode in value - then numismatic value for all but the major rarities becomes moot.

Truly a genius ... who’s gracious enough to educate.

Martin Farmer, to your point; I see a different mindset. Gold coin rarity’s collective value has nothing to do with bullion prices. My take away is to correctly budget ... there are many sleepers and Gold is possible to even a twelve year old collector.

Keep a well balanced in storing wealth /investing I would do around 20-25% in Gold /Silver ,the rest Rentals ,Stocks ,sprinkling of Bonds .

I don't think any of the opinions given changed. Only thing now is the cheaper gold is slightly more expensive while the expensive gold is roughly the same price.

Yessss

Heyyy 😂

Save up. I only buy one coin every 3-4 years but when I do, it's a really nice one.

I like AGE because they have that saint gaudens design. So classic. Just as nice as a pre33 coin imo. 22k is best!

Lol

That sounds like something Ebenezer Scrooge would say.

Remember, for this friend, need money...

Correct, the term "gem" is usually reserved for a coin that grades 65 as opposed to a "choice" which is 63.

I love your coin 😍 Benjamin Franklin half dollar

1928 Peace dollars are more affordable compared to a couple years ago. I bought a 1928 graded PCGS AU58 for $300

Great video.. just added my second gold coin this last week. 1905 ms63 cac

If you want to buy it and know you go ahead, but his point is valid. Easy to buy and hard to sell. I've owned several details graded 1795-1807 half eagles and wish I never bought them. I loved having them, but had a terrible time selling them. Instead I wish I would've saved up longer and bought one problem free example instead of 3 or 4 details graded examples.

BTW WHO in their right mind would want to collect tons of $1 gold coins.. when the premiums are ridiculous..

How so?

Future collectibles? I don't think so. Modern coins are dependant on hype and marketing. After the hype dies down, modern coins lose their premiums. A low mintage does not translate as desirability or rarity. Survival rate determines rarity. A modern coin might have a 5,000 mintage but it's not rare if most grade MS69 or MS70. Most people keep their modern proofs in Mint packaging, ensuring they'll remain in pristine condition. Modern collector coins don't go through the wear and tear of circulation. Hence why most "low mintage" coins have nearly 100% survival rates. In contrast, a 1846 Seated Liberty dollar had a mintage of 110,600. Numismatists estimate only 3,500 survive. Of the 3,500 survivors, only a small fraction will grade Mint State. Seated Liberty dollars are generally considered "rare coins." Low mintage modern coins generally aren't rare. In fact, the supply of modern coins often outstrip demand, despite limited mintages. Most collectors want to build collections with coins at the highest grade possible. There is always strong, stable demand for old US coins because there's a low supply in the highest grades. There is aggressive bidding for Seated dollars in Mint state condition. In contrast, it's very easy to obtain modern coins in perfect PF69 or PF70 condition.

@@MrMonkeySwag96 Try the mexican Libertad reverse Proof 2017 gold Coin , I think 250 mintage world wide, I would think that would be a collectable Coin. What do you think.

me too!

Very untrue, in 2011 you were still paying over spot for gold. And that was pretty close to SHTF

the swindler and the gullible makes life interesting and makes the world go round

I disagree. A coin with numismatic value will weather the highly volatile commodities market much better than bullion. He did say long term investment. Why would you want to buy bullion just to get in and get out?

@Nikhil your comment is pointless. Obviously this video is about NUMISMATIC gold coins, not bullion. This channel is Coinweek, not Stackerweek.

@Clayton Eatmon wow, you really have no clue what you're doing. Modern coins like the First Spouse coins don't hold their premiums well. Only the naive like yourself buy those coins. Gold coins from the 1850s or earlier hold their value. The market is flooded with modern proof coins. There never was demand for First Spouse coins in the first place.

Hi Luchace, I would not buy a cleaned coin at all. It will be the last thing a collector will want to have when it comes time to sell it. My advice is to take a longer approach. If you have $1000 today.... but you want a gold coin, just hold off until you save up enough to buy that coin you want. Collecting can take a lifetime - and four or five really nice coins that you love is as impressive a collection as any.

Or my classic head 2.50..

Lmao, did you pay attention to the video? Doug Winter is talking about COLLECTING gold coins. Not stacking gold coins.........