Gold coins: circulated vs new

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senecaaa
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Gold coins: circulated vs new

Post by senecaaa » Mon Jan 06, 2020 10:27 am

When buying gold coins it seems that circulated coins with a random year are cheaper than new coins (2019/2020). I assume that when selling the coins this will also have an impact? What would you recommend?
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dualstow
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Re: Gold coins: circulated vs new

Post by dualstow » Mon Jan 06, 2020 12:26 pm

I really think random year coins are fine. After all, they're all going to be random year by the time you sell them!

I don't always practice what I preach. I have bought random year coins when I first started out. Nowadays, I buy so little gold every year that I just buy the brand new stuff. It's easier to keep track of, and they're clean and shiny.
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Re: Gold coins: circulated vs new

Post by senecaaa » Tue Jan 07, 2020 10:35 am

Thanks, I'll do the same then. It is quite a bit cheaper, and Krugerrands (which I'm looking at) are not so easy to scratch anyway.
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Re: Gold coins: circulated vs new

Post by dualstow » Tue Jan 07, 2020 11:18 am

Here are some related threads which you might find helpful:

"Random Year" coins
viewtopic.php?f=5&t=3298

Why are older gold coins often pricier than new ones?
viewtopic.php?f=5&t=9984

Complete list of bullion?
viewtopic.php?f=5&t=8892

Selling Bullion
viewtopic.php?f=5&t=9980
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senecaaa
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Re: Gold coins: circulated vs new

Post by senecaaa » Tue Jan 07, 2020 12:27 pm

Thanks!
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Smith1776
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Re: Gold coins: circulated vs new

Post by Smith1776 » Tue Jan 07, 2020 1:52 pm

I always always always get current coins fresh from the mint rather than ones in circulation.

Reduces the probability that I got a counterfeit as far as I'm concerned.
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Re: Gold coins: circulated vs new

Post by senecaaa » Tue Jan 07, 2020 2:22 pm

Smith1776 wrote:
Tue Jan 07, 2020 1:52 pm
I always always always get current coins fresh from the mint rather than ones in circulation.

Reduces the probability that I got a counterfeit as far as I'm concerned.
When you say "fresh from the mint", you mean "not circulated", or directly from the source (whatever that may be)?
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Re: Gold coins: circulated vs new

Post by Smith1776 » Tue Jan 07, 2020 2:30 pm

senecaaa wrote:
Tue Jan 07, 2020 2:22 pm
Smith1776 wrote:
Tue Jan 07, 2020 1:52 pm
I always always always get current coins fresh from the mint rather than ones in circulation.

Reduces the probability that I got a counterfeit as far as I'm concerned.
When you say "fresh from the mint", you mean "not circulated", or directly from the source (whatever that may be)?
Yeah! Well, to be fair it's the primary dealer in Vancouver that sources directly from the Royal Canadian Mint.

I suppose the coins have been through the intermediary (the dealer), but at least they haven't been in open circulation.

About as pristine as it gets here in Vancouver.
“My natural state is an outsider, and no matter what group I'm in or where I am, I've always felt like I'm outside the group, and I've always been analyzing the group.” - Michael Burry
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Re: Gold coins: circulated vs new

Post by senecaaa » Tue Jan 07, 2020 4:22 pm

Unfortunately, there is very little gold-digging being done here ;D
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