Gold coins: circulated vs new
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Gold coins: circulated vs new
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?
- dualstow
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Re: Gold coins: circulated vs new
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.
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.
Re: Gold coins: circulated vs new
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.
- dualstow
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Re: Gold coins: circulated vs new
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
"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
Re: Gold coins: circulated vs new
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.
Reduces the probability that I got a counterfeit as far as I'm concerned.
MB
Ruby on Rails rules all
www.allterraininvesting.com
Ruby on Rails rules all
www.allterraininvesting.com
Re: Gold coins: circulated vs new
When you say "fresh from the mint", you mean "not circulated", or directly from the source (whatever that may be)?
Re: Gold coins: circulated vs new
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.
MB
Ruby on Rails rules all
www.allterraininvesting.com
Ruby on Rails rules all
www.allterraininvesting.com
Re: Gold coins: circulated vs new
Unfortunately, there is very little gold-digging being done here
- vnatale
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Re: Gold coins: circulated vs new
dualstow wrote: ↑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
For the newer people here who never saw the results of Dualstow's research...probably worthwhile to put it in front of everyone's eyes again...
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats." AND "I'm a more-is-more person."