Buying Gold Coins for Profit
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- Опубликовано: 15 авг 2023
- Well, that's the plan anyway. Buying certain gold coins have an upside others simply do not. It's possible to hit some big wins with collectible gold coins if you're willing to take a bit of risk or just buy what you might otherwise pass on. Like anything, hoping for future numismatic value is a gamble, but in certain cases the risk isn't that crazy. Some gold coins with potential collectible value are released for premium similar to basic coins like American Gold Eagles or Gold Buffalos. So the downside risk is right around the spot price of gold. The upside is the interesting part.
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I buy gold and other assets over time, and then buy more as price and interest allow. If you want to know more about buying gold coins, that is my primary focus here. Cheers!
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Disclaimers: I am not a financial advisor, a CPA or an attorney qualified to give financial advice. Nothing I say is meant as professional or financial advice. I'm just a guy on the internet, talking about precious metals. This is for entertainment only. If you're looking for financial, tax, legal or other advice, please seek out a professional. I will NEVER ask you to send me money to trade or invest for you. Please report any suspicious emails or fake social media profiles claiming to be me.
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Clarification: The UHR Lunars on the desk have a mintage of 188. The coming Chinese Myths & Legends coin is 888.
Gold always goes down before a large uptrend (historically). I like our odds.
@@youKnowWho3311 Gold and silver always go up with all currency as it is devalued. ALL in history.
I had just started my gold collection journey and I definitely have gold fever! Your videos are extremely relaxing to watch, keep them coming!
Hi! Is there a source where we can check the (collecteble) coins coming out? Beel looking but could not really find a page/forum.
Hi just wondering with fractional gold do you think it’s worth buying the bars like the chocolate bars and you can break off one gram at a time The premiums are higher but you get a lot in one go do you think it’s a good idea thank you ❤😊
Pre 33 gold is the top of the food chain. Glad to see you branching out. Stacks and bowers is a great spot to find these rarity items. My motto is” buy what you like” and that has taken me down the rabbit hole…
2019 was 4 years ago.... 4 years.... that's crazy. I'm in CA, I STILL see people wearing masks. Blows my mind.
Time flies when you're having fun. Wait. Fun or fud. Maybe both.
I'm in CA too. I see the same lunacy every now and then as well.
I see the same in az. Usually at least one a day.
same in Ireland, the brainwashing was a psychological assault on the entire western world. People still thinking about taking bioweapon vaccines too. Not much hope for about two thirds of the population.
I was just in San Diego. Most of those have auto immune system or other dangerous illnesses
Just bought a second Bristle Cone. We’ll see what happens on the secondary market. Hopefully similar to the Bucking Bronco. Not sure how the mint stands in sales so far. Thanks for the down-to-earth commentary.
I rolled the dice on 4 of the 2023 High Relief. Will grade them myself and if they pass muster (SP 70) I will send them in. If not, I'll keep the best one and send the rest back (no questions asked 7 day return). Did the same with 2016 Gold Centennial Quarters and Half Dollar (bought 24 total). End result after selling? The profits paid for a bunch of SP 70 Quarters and a single SP-70 Half. Free gold ;-) Key is obviously knowing what to look for under a 4x and 10x glass. Of those 24 Gold Centennials I purchased 22 were sent in. Two were a little funky and I sold those privately for a small profit. 19 of the 22 I sent in came back SP 70 and the other 3 were SP 69.
Nice! You’re ahead of me in knowing how to identify expected grading results. That’s a big part of being able to do it.
I bought 3 of them. Can I ask what you look for and who you get them graded by?
I’ve recently come over from collecting cards is there a website that lists coins and their mintage etc? Can’t seem to find
You got me interested in the myths and legends series. Ended up picking up a couple Phoenix’s not too long ago. They were cheaper than the eagles or buffalos so I figured it’s worth the risk. Worst case scenario I still have two ounces of gold!
It’s a great series. 🤩
ive never bought gold before but im very excited to start collecting
the 1oz buffalos seem quite nice
Always appreciate your insight, brother. Hope you and the fam are well!
Thanks - I appreciate that! Cheers!
I went way out as a starting gold bug, and bought a 5oz Kookaburra proof 2023. It’s premium is high, but just could not resist it. Time window for that coin (tipe of coins) for me is at least 20 years, so well see.
That's how I have been shopping mostly for the last 5yrs. High floor- high ceiling type of coins. The main series on my radar right now are the Tudor coins, both gold and silver. I loved the Una and The lion Bars. New designs should be coming up soon for the Great Engravers series. I
I'd love to catch a Great Engravers coin. It's not for lack of trying. Cheers!
I bought the Spanish gold horse because of my Spanish heritage (as well as the previous 2 in the series). The quality of the horse has to be seen to be believed.
They raised the bar again on technical craftsmanship for sure.
And security features on the 1 ounce are an industry best.
2023 1/2 American Eagle MS69 NGC worth anything in the slab, or should I just crack it so I can add it to my tube?
This is my 3rd year stacking and early on I purchased various coins. Keeping it simple these days and focus on the following sovereign coins in this order. Buffalo’s, AGE’s, Britannia, and Maybe an occasional Maple. I buy the dips and sales per my purchase schedule. I am taking the KISS approach.
Not a thing wrong with that approach. I am following that as well with only gold Eagles, Maples, and Britannias and silver divided among US 90% coins, Maples, and ASEs.
Solid approach. Cheers!
Great points here.
I actually picked up a 1/2 ounce 2019 Vatican gold aureus for 1000 USD cash at the World's Fair of Money in Pittsburgh last week. Had no intention of buying it, but it was proof, had limited mintage, and I paid just a little over spot.
Nice!
Ebay is a terrible place to sell these days. The fees are massive, holding your funds for a month after a sale even if the buyers recieves the item and gives you positive feedback. Taxes are BS. In Canada, we dont pay taxes on 99% silver and gold but on ebay, they take the taxes anyway. Ill never sell on there again unless it's worth less than $1000 US and im desperate. Many long time silver/gold sellers, including stores are choked at ebay because sales are drying up. No one wants to buy or sell on there anymore
Yeah, I'm not a fan. It's funny to me that the prices of auctions there are used as the accepted value of a coin, though. People reference listings all the time.
@@2is1gold
True. The reason prices are so much higher on ebay is because of the heavy fees and taxes. People have to price items higher so they don't lose money on whatever it is they are selling. If you dare to want a profit, the price is unreasonably high.
This is way beyond where I am. Just started stacking this year and mainly have buffalos of both gold and silver but nowhere near your level, lol. Current gold prices have me bummed but i also look at it as a buying opportunity.
Glad you finally had the numismatic epiphany. I’ve been quietly waiting 😉
Ha, I'm a slow learner!
@@2is1gold😊
I like the pre-33 coins but they’re still out of my budget. I’m including the 1/10 Kooks in my stack because of their mintage. If my crypto 🚀 I’ll get a Liberty, a Libertad and a gold Merc. I’ll just hold them because I like them.
Low mintage is one aspect, average mintage quality and grade is another. Of the mintage how many or what percentage grade out. Also what is the market. What I have found success with is to by based on your experience which is a gamble. The safer bet is buy graded and search for the deals, like chasing the years that are just starting to rise.
I put together a complete set of the Queens Beasts 1/4 ounce gold coins. Haven't decided what to do with them yet. Buying all at issue price made them a worthwhile purchase. Doing them same with the Tudor Beasts series. I really like the High Relief coins but can't justify the cost. Only coin I purposely bought to flip was the 2019 S Enhanced Reverse Proof Silver Eagle. Have more of a collector mind set.
I thought about buying several Bristlecones, but decided to get just one. Very interesting to see if it will have the same popularity as the Bronco. Ancient Roman gold coins are my next targets. Thanks for all the great vids.
🤜🤛
And how are you gonna be able to very they are old Roman coins lol
Probably sooo many fakes
Another great video. Thank you. I do love the Spanish mint coins though and they are the most beautiful gold coins I have ever seen. I love reverse proof. For my collection and budget they fit the mix. If the Spanish mint keep producing stunning coins…. well who knows their potential value? I would love to buy coins like the liberty bronco though the premiums just do not sit well with my budget at the moment. Guess I am stuck in the middle which probably is not wise on an investment level, though I can get some personal gratification by seeing them in my hand. Thanks again. 🍻
Who knows, maybe they'll be the next Libertads. Cheers!
Dragon and Koi is a no brainer in my book. 2024 year of the dragon design better be good.
Year of the Dragon is theirs to lose. 🐲
Please do this video:
I ate a Gold Coin... this is what happened to my Brain LOL
I bought a 2023 American liberty high relief coin. Way out of my budget and kinda stupid paying $2865 for a one oz coin. But I figured it will go for more on the secondary market if and when I decide to sell. To date I've never sold anything. Never had to. So I suppose in 15yrs or so when I retire I'll have some rare and interesting coins besides bullion to sell or admire.
Something that irks me about these online dealers..especially sd bullion is....as the price drops they raise their premiums which is complete BS
my coin is still processing grrrr! I ordered at release. wtf is the mint doing?
I’ll add, I’m not entirely sure what’s going on, but lately the Heritage auctions for high end coins are routinely going for half the PCGS value. I assume buyers in that range are hanging on to their cash, or don’t have any for these coins right now. Some buyers, however, are getting INCREDIBLE deals.
Yes. Stimulus dollars have dried up.
... i just purchased a pcgs PQ MS-65+ and CAC registered for a insanely good price when compared to the current market for that particular coin. It be a little weird out there, but it's always fun.
Absolutely, half. Stacks and bowers too! I thought I was the only one who knew. Don’t tell everybody!!!
Oooooo.... if I had the money to buy a set amount of the first offerings of these beautiful collectibles I would certainly do it. The Mustang does not appeal to me but the story and opportunity does. The Bristlecone Pine and the previous UltraHigh Relief gold coins are truly beautiful to me and ONE DAY... I hope to have one.
Good job on all your videos brother, Press On!
Thank you!
The 2023 kookaburra is crazy nice
Great vid!
Love the perspective.
Be well.
Thank you. You too!
Interesting topic on flipping certain coins. I often see comments where people ask why would you trade you pm for fiat paper. Well for one, we cant spend gold on gas, house, bills etc. Two, whats the point of having it if you never want to get its worth at a later point in time after some appreciation? I understand holding, which i intend to do and hopefully pass to my son. But it is also there for a stash i wont recklessly spend unless truly needed.
My gold only shining,not raining 😂😂😂😂😂😂😂
As far as collectible, it’s hard to go wrong with pre ‘33 certified gold
As many have previously said, bullion is insurance and a hedge; collectables are investment. A notable economist once said, "more is better," but that also depends on the utility you get from adding "more". I also saw the U.S. Mint released some more Bristlecones this morning. Regardless, if one's utility for an additional Bristlecone outweighs the opportunity cost associated with its acquisition over a 1oz gold eagle or buffalo, ... there's no correct decision - it's just personal. 😎
In a movie awhile back I heard the phrase “…a shoebox full of Krugerrands.” It was a throwaway in a conversation between minor characters, but it stuck like an ear worm, and though my preference is American and Canadian, and my shoebox is plastic, that’s sort of my goal (this time around).
Over the years I’ve been deeply involved in narrow esoteric markets, professionally and as avocations, and have usually done OK or better, but the depth of research, the complex logistics, the risk itself, create so much work, and “work” is what I retired to avoid.
So for now I’ll keep it simple.
I'm with you. I get enough of the venture style bets outside of gold that I typically avoid it out of general fatigue. I've been thinking I'm missing a few easy wins, though. Krugs always hit me in dialog too. In Succession one of the characters said his mom has been panic buying NutriBullets and Krugerrands. I was probably one of the few people who caught that one and laughed. 😄
Weird you mention it...I'm in England...I was in a shop today & a very obvious fool was wearing a mask. I believe in live & let live but found myself staring, almost dumbstruck at the level of fundamental stupid that actually exists. Then I thought....in a case of actual danger...that person's mentality is the first to be a victim...of danger. So much manufactured fear based on lies, propaganda & making an absolute fortune....for a few...that knew ....wickedness.
Oops...that was meant to reply to x2dabs...
Was the movie big stan
@@jmoney7289 - Don’t think so.
Man I wish I was at the stage that you are being able to do Collectibles I think that would be a fun hobby I'm still working on my base making sure I'm set for at least four years out for when crap hits the fan
The base is the most important to me. Cheers!
Other like Art...buy what you like looking at...if you've hot a good eye maybe your grandchild has a Picasso...meanwhile you loved looking at it while you were here...even if not a Picasso & your eye was shite.
Spend what you can afford on whatever makes you feel the happiest..& enjoy just having it.
Wonderful video! I try to be rational and uniform especially about Buffaloes and Eagles, …but then I get tempted with variety. Now that I’m looking at more HR Liberty coins, they look good ✨👀 And for some reason the Philharmonics have been calling my name -probably the lower premiums to make up for my straying 👀 🤣
The 1/4 oz Philharmonic is a sleeper. Same 22mm as the Eagles but very low premium typically. Cheers!
With the eagles and Buffaloes being above my max pain price for the last few months I haven't bought much lately.
Taking a chance on 2 semi numismatic type of bullion coinage: recently
Waiting, like you said,, for my bristlecone pine liberty
And taking a chance with the Kings Beast series that just began from the Brits- this is the first series with the new monarch, which may-or may not, have any bearing on its collectability.
And the first release was the bull of Clarence, and I am a little bullish on gold so it was a good fit for my tastes
Will see if these were brilliant purchases, or asinine ones in the future
Good luck! 🤜🤛
To the smart person : When gold goes down......buying gold goes up
Always hate when you buy something then it goes down and you're like I could have gotten it cheaper but at the same time wondering if I keep waiting will it go back up and cost me to have to pay more
I have a bonsai bristlecone pine, does that count?
Close enough. 😄
How about taking out the Marcus Aurelius from NGC slab and holding history in your hands? Do a clip for that, it will be awesome
I will.
In your opinion, the 2023 dragon bar coin, worth 120 over spot?
I haven't bought any dragon bar/coins personally.
My old boss man at work loves coins and buys and sells , lots of knowledge , way over my head ,
He showed me at work one day before he retired and ebay print out spanning 7 years , after taxes and ebay fees , he had made $325,000.00 , I was blown away , first strikes , rare coins , low mintage , way outta my league ,
I learned a lot from him , but I stick with buying the dips , I don't have enough learning to do what your talking about , but he certainly does .
Wow! Seems like there’s a huge market for people willing to put in the work on it.
@@2is1gold , I agree , he enjoys it and does it for a hobby , the bonus for him is he makes money , knows what to buy , how long to sit on it , knows what to flip , always the first to buy new mint releases and have them graded , then flips them as first strike , or proof 70 , or whatever , I don't buy any of that stuff as I tend to loose money on it , I'll stick with my bullion items , easier for me to keep up with .
I got bristle cone pine in today, wish I picked up three. Its sick think it's going to be another big ticket item. Also, after looking for over five years, I finally picked up an 8 escudo 1740 Peru super excited for that to come in
Nice!
I was faced with having a overseas coin in this case maple leaf being cheaper than my local coin which is Perth mint even a basic series was $100 more
😅 times are weird in deed..
When your country’s mint is more expensive than an import of the world no 2 most sort after lol 😂
Alright you twisted my arm I will get the maple lol
When the stock market goes back up gold will go up. Im buying on this dip.
Yeah, the dollar is up, China is having problems. Ebb and flow.
@2is1gold I was hoping for a little pullback to add some more coins. Always better to buy on sale. I have enough 2023 hope prices stay low till 2024 coins come out.
I was waiting for you to bust those slabbs open 😅
😄 Marcus Aurelius will be freed, but I might leave the UHR in. ⚒️
@@2is1gold it's better to use branch clippers instead of hammer 🔨
Thank you for the great video. Which grading company would you send coins in to? Just bought 3 of the 2023 high relief bristle cone pine coins and like your idea about sending them all in for grading.
NGC is the only one I have experience with.
I didn't realize the 2023 High Relief Liberty was available so thanks for sharing! I now have one on the way. Its my first direct US Mint purchase.
Nice! The Mint nails it with these coins. 🤩
Your liberty bronco coin is a modern dream coin. I absolutely love the design. But with the prices of those mothers I'll keep dreaming
Lovely stack on the table today. Thank you for the video.
Thank you!
I have been collecting for longer than I've been stacking so I know the market is ... Fickle when it comes to collectable coins. Sometimes you do well, other times it faceplants. Of you're careful you can make out quite well. Thanks!
2014-2019 seemed like a dead zone.
You are so fair & balanced...you provide seriously good advice to those starting out buying, steadiness to the gold fever( that maybe at some point everyone who starts this learning curve goes through)...& clearly you like ordinary...like beer.
So thank you....I think you've earned that Bronco & long may you enjoy that v v beautiful coin.
Cheers Mate. From England.
Hey thank you! Cheers! 🍻
Great presentation and I like hearing and learning about what I don't buy. It fills voids in knowledge. I've got a 3 pre 33 and plan to buy a few more different examples in the future.
🤜🤛
Cheers my friend. 🍺
Cheers! 🍻
That liberty coin is beautiful
They all are!
@@2is1gold Mostly. Imho, the 2019 looks like Liberty had a bad hair day 😜
The good thing for me when i get me some Perthmint special coin series is that they hold more weight here in Australia, which gives me the home advantage, i was asking around about the new Chinese myths and legends series, the ultra high relief will be released next month, so i think i may know what i will be purchasing, as for the standard BU Chinese myths and legends coin (preferred), no news as of yet
Chinese Myths and Legends has been released. It's dragon with koi. I ordered some silver ones from the coin shoppe out of Canada. Would be nice to know someone in Australia that I could order from😉😉
@@lukeduke3153 gold ones are not out yet, but the silver is. Ever since I saw the silver I have been looking forward to the Gold One. What are you looking for? Same as me?
Nice book , I've got a leather bound large print edition similar to that one .
Oh , and buy the DIP !
✊
My precious metals are more like my personal bank account. Don’t wanna keep too much cash in the bank.
Cmng t a location near you soon! 18xx an ounce gold. Buy! Buy! Buy!
I am 90% in on pre 1933 MS. The modern stuff I'll hold raw.
I just ❤❤❤ gold bars,
You making some purchases today since it's below 1900?
I'm ready and watching.
Great video brother nice stack of coins brother 🥃🥃🥃🥃🥃
Thanks Nate! 🥃
Love your shows.. I have found that Britainias have the lowest premium for gold bullion.. certainly they are almost as recognizable as the buffalos and gold eagles, but they are also purer. Why don't you stack them?
I’m guessing LCS would still prefer US gold and willing to pay better price than Britannia..
I purchase what I like. If it hits at some point, it hits. If it doesn’t, then I still have coins I like.
Ozzy dollar is falling. So glad I bought gold
spot - $1,898.00 USD. The dollar is still going up and oil is still going down. Just WOW!
Some of my silver I had since 1962.
Smart
Wow, nice!
Gold is done unfortunately it is a risk asset and commodity’s are extremely risky
Gold is $1892 today, going back down to 2019 lows?? Wait to buy more?? I did just pick up the new 2023 high relief and finally 2009 high relief, fun coins, kicking myself for not getting the 2021😢
French Mint Olympic Series is also very nice and is highly collectible!! ^^b
Still Here.. I dont do collectibles.. i learned from my baseball collection..its not worth it.. goood luck to you.. PS.. I dont know if you follow Silver Heist.. A nice common sense stacker, his catch phrase is "Then This Happen" lol
Exactly,I got burned on the baseball coins also,I should have known better,my fault, buffalo and eagles only,I learned my lesson,also no more silver got enough of that I don't care it it would go to 5 bucks I still won't buy it
I'm loving the dip...time to move on that St. Gaudens double eagle
🤜🤛
...I thought it was Michael Jordan, the one who first uttered that quote...
My window is 30 years.
Diversification is good. Even in gold coins, some will rise more than others. I like the idea of 1 out of a handful of investments going 10x. Buffalo's can't provide that. For at least 10 years.😅
Platinum is my speculative play
I'm doing a bit of speculating myself. Actually, just hours before I saw your video. We'll see how it pays off or not. KNowing my luck it will be not. lol
You have some sleepers in your stack already and I bet you’re at the same level as NGC graders - you’d be able to spot what would grade out. That’s a tough skill to pick up. I’m sure you’ll do well with it.
Donnie Darko in a gold video. It truly is a maaaadd wooooooorld.
Ha. Good movie. Kind of dark. 😉
@@2is1gold - Art cinema at its finest
I’m sticking with my plan to stack US gold Eagles of different sizes to have fractional options in case of emergencies.
Thank you for continuing to provide common sense ideas.
That can work, although it is tediously boring. After a while, you'll start buying other gold coins to diversify and to just make your stack interesting. Believe me, it will happen 👍
Stack 1/10 oz gold coins if 225 to 250 is your budget in USD
@@ejkalegal3145 yeah, probably so but I’m still working at a snails pace…
@@rays3995 Thanks! I started with some consistent 1/10 buys then a full oz, now catching up on quarters.
Gretzky nailed it.
Sure did.
Spot prices decreasing but premiums staying the same (8%) for 1 oz coins. So does it really matter.
For sure
I’m finding lower premiums still. I have a feeling there’s more to shake out, though.
Appreciate the pushback on negativity and practical approaches. I am still chasing copper, it is going to the moon!!! ;)
😄🤜🤛
We are so on the same page it’s SCARY
🤜🤛
Gold is on sale!
Yep.
Give it time. The banks are manipulating the price to accumulate. Then the price will increase, IMHO. Remember Jamie Diamond of JP Morgan Chase said they expect the price to reach $2,175. When he said that, I bought $1850 Puts to hedge against my physical gold. I have paid attention to every time he or some other high tanking financier says something like that, and the price of whatever market they mention goes the opposite way. It's their way of getting more volume to dump on...
I’m sure that happens a bit, but that’s soft influence. I think they have bigger movers.
@2is1gold JP definitely trades billions using algorithms. Those are the big movers, plus you know the big bankers talk about their financial moves to see how others are positioned like Goldman, for example.
The Dreadlock Liberty has a mintage of 100,000 where as the Bronco and the Bristlecone are only 12,500
Yeah, mintage is a huge part of it.
Hammer these usless slabs!!
⚒️
Where’s the walking liberty?
In the safe. 🤩
Not a huge fan of modern collectibles, seems like fancy beenie babies. Things designed to be collectible............arnt.
No flipper here
I only chase what you chase…I’m such A PUTZ…
Ha!
I am on the sidelines again. No plans to buy more until late December. Gold is going to give us a buying opportunity in the next few months. The gold discussion is dead for the time being. I must be patient.
Probably smart.