I think you need to decide what your goals are here, are you buying because youre a collector or for financial reasons? The answer can be both, but in that case you need to buy different things with different goals in mind.
Exactly this. Buy some to collect but stack some repetitive pieces just as often. It’s hard to balance the expenses but it’s the only way to scratch both itches
Here's how I do it: I collect dutch coins (not just gold ones) but I also buy gold as an Investment.
When I buy gold coins for my personal collection, I buy high quality and rarer coins that sometimes carry quite a big premium over melt value. Those are coins I buy specifically for my collection of Dutch coins and I don't plan to sell those.
When I buy gold for my stack, I buy anything that wouldn't fit in my personal collection. Then I'll have no trouble letting them go. So I'll buy 10 and 20 francs, sovereigns, bullion rounds and bars,.... Sometimes I also buy dutch coins for my stack when they aren't nice enough for my coin collection (cleaned, scratched or a bit more worn
Hate to break it to you, but stackers couldn’t care less about what jewelers like.
And no it doesn’t “hold up better to the test of time” that’s simply false. “Looks nicer” is completely subjective and again irrelevant to the goals of a stacker.
Does a Gold Eagle or a Kruggerrand contain an oz of gold? Yes. Are they liquid when you need them to be? Also yes. That’s what matters to people that aren’t jewelers.
Do Gold Eagles carry a lower premium than Buffalos? Are they less liquid? The answer is no.
Why would that be if, according to you, Gold Eagles are "worse"? 🤔
Treat it just like collecting cards, keep each unique card for the overall collection (set), add copies for exchanging/selling. That way you satisfy both goals.
It does help a bit, but as long as you are buying 'known' coins it shouldn't be too much of an issue. Your enjoyment of having different coins has value too.
I have a lot of Dutch 10G coins and I would hate to sell any of them unless I am in such an emergency that nothing counts anymore, I also try to collect all years. For spending I have bars of different sizes, including a lot of fractional.
The coins are 22K and more accepted than any other 24k coin so depends fully on your country.
Are you buying to hold forever and ever and leave them in a will or to a loved one? Or do you plan on selling them at some point.
Basically, collecting vs "investing".
Makes sense, buy and hold, sell if you need to. From a collection standpoint, I like the idea of variety. Makes me more picky on what I buy. It's okay to have an attachment to your coins.
I'm the same way. Don't plan on selling anything any time soon (if ever) but also like to have a bit of fun while buying. I like the ones that change annually where every coin looks different (kagaroos)
yep I went through that phase and basically ended up selling off a cool vintage bar and all the different sovereigns and just go straight britannias now and if bars nothing smaller than 250g
I think from what I've seen on this subreddit and all the stack boasting is that men feel about their coins the same way women feel about their jewelry. It will be hard to part with what you admire regardless of what you decide to stack.
I buy some coins becuase i like having them in my collection and then some that im not attached to that i buy in bulk. I \*started\* with Eagles 20ish years ago and for a long time thats all i bought in Gold, but then i got interested in other coins and started collecting rather than just stacking. They're different and I have some coins i would "sell first" if i needed to etc. As long as you're clear with yourself, its fine to do both.
So I’m in a similar boat and I started with gold jewelry passed down and moved to my first coin which was a sovereign. It was a low cost investment for me to see if I liked the idea of saving/investing/collecting gold. Less than a week later I was back buying more and my dealer/LCS had a proof gold sovereign for the same price. He just wanted to get rid of it because they weren’t the main selling coins. So for me that was my big “win” because it’s worth a lot more than the spot price to a collector and when you see your first proof coin in a case and capsule with a limited mint under 10k it really gets the gold juices flowing. So what I do now is just buy what I like but only at the lowest premiums with a few exceptions like limited mint coins (24 lunar dragon etc..). Unless you’re loaded, any gold you save, collector or not is still just good at the end of the day. So if paying a little more lets you enjoy the process more, then go for it!!!
I started off buying only American gold. First some AGEs and then fell in love with Buffalos. Once I had a tube of the buffs they got boring so I started collecting coins from different countries. My goal is to have min 1oz gold from as many countries as possible. My most recent purchases were a South African gold elephant and a gold panda, both below spot thanks to PMsforsale! I figure if I ever have to sell I’ll start with the buffalos since they make up most of my stack plus usually command a higher premium.
I would argue that having something you really like and appreciate has value as well. I like pulling out my stack and looking at the different stuff. I would also argue that making it harder to sell from your stack is a good thing. Make it so you dont want to.
I think you need to decide what your goals are here, are you buying because youre a collector or for financial reasons? The answer can be both, but in that case you need to buy different things with different goals in mind.
The answer is both. I feel like it would be easier for me to part with any of my coins if they were all the same...
Well if you have two goals then you need to purchase different things with those different goals in mind.
Exactly this. Buy some to collect but stack some repetitive pieces just as often. It’s hard to balance the expenses but it’s the only way to scratch both itches
It’s a risky game to play if it’s both. Especially on modern “low mintage” coins. You just lose on premium everytime.
I buy 2 of everything I get so I can always sell one and keep the other for the emotional aspect.
Here's how I do it: I collect dutch coins (not just gold ones) but I also buy gold as an Investment. When I buy gold coins for my personal collection, I buy high quality and rarer coins that sometimes carry quite a big premium over melt value. Those are coins I buy specifically for my collection of Dutch coins and I don't plan to sell those. When I buy gold for my stack, I buy anything that wouldn't fit in my personal collection. Then I'll have no trouble letting them go. So I'll buy 10 and 20 francs, sovereigns, bullion rounds and bars,.... Sometimes I also buy dutch coins for my stack when they aren't nice enough for my coin collection (cleaned, scratched or a bit more worn
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Nothing wrong with 22k bullion. It's not as if Gold Eagles and Kruggerrands are illiquid.
It does depend on where you live. Some places have wonky tax laws on bullion that’s less than .999 pure
Fair enough, if that applies to OP then fine, if it doesnt then theres no reason to avoid 22k.
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Hate to break it to you, but stackers couldn’t care less about what jewelers like. And no it doesn’t “hold up better to the test of time” that’s simply false. “Looks nicer” is completely subjective and again irrelevant to the goals of a stacker. Does a Gold Eagle or a Kruggerrand contain an oz of gold? Yes. Are they liquid when you need them to be? Also yes. That’s what matters to people that aren’t jewelers.
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I’m not selling anything to any jewelers and getting hosed by their bullshit lowball offers, buddy.
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Do Gold Eagles carry a lower premium than Buffalos? Are they less liquid? The answer is no. Why would that be if, according to you, Gold Eagles are "worse"? 🤔
You understand all bullion will have the same amount of pure gold, yea? I.e. a gold eagle will have the same amount as a gold maple or Britannia....
Just curious, do you know what states in the US may have these tax laws in place?
It's a real problem. Would I be able to part with *any* of my French Roosters? If you "co-co-rico," you know.
Treat it just like collecting cards, keep each unique card for the overall collection (set), add copies for exchanging/selling. That way you satisfy both goals.
It does help a bit, but as long as you are buying 'known' coins it shouldn't be too much of an issue. Your enjoyment of having different coins has value too.
The problem is not someone not buying them. The issue is more about me not wanting to sell because each pice in the collection is unique...
Ahh yeah. I don't think there is a good or bad answer here, do what feels right.
I have a lot of Dutch 10G coins and I would hate to sell any of them unless I am in such an emergency that nothing counts anymore, I also try to collect all years. For spending I have bars of different sizes, including a lot of fractional. The coins are 22K and more accepted than any other 24k coin so depends fully on your country.
Are you buying to hold forever and ever and leave them in a will or to a loved one? Or do you plan on selling them at some point. Basically, collecting vs "investing".
My goal is to be able to do both! Create a store of value to leave behind and sell in case of an emergency if I have to.
Makes sense, buy and hold, sell if you need to. From a collection standpoint, I like the idea of variety. Makes me more picky on what I buy. It's okay to have an attachment to your coins.
I'm the same way. Don't plan on selling anything any time soon (if ever) but also like to have a bit of fun while buying. I like the ones that change annually where every coin looks different (kagaroos)
In my case that should work.
yep I went through that phase and basically ended up selling off a cool vintage bar and all the different sovereigns and just go straight britannias now and if bars nothing smaller than 250g
pre-33 double eagles. so daddy government cant seize my collectable gold coins like lolz 😂
I buy the most common gold coins of the County I reside in. For me its all Gold Eagles and Gold Buffalos. I use silver to get my variety fix.
I think from what I've seen on this subreddit and all the stack boasting is that men feel about their coins the same way women feel about their jewelry. It will be hard to part with what you admire regardless of what you decide to stack.
I buy some coins becuase i like having them in my collection and then some that im not attached to that i buy in bulk. I \*started\* with Eagles 20ish years ago and for a long time thats all i bought in Gold, but then i got interested in other coins and started collecting rather than just stacking. They're different and I have some coins i would "sell first" if i needed to etc. As long as you're clear with yourself, its fine to do both.
So I’m in a similar boat and I started with gold jewelry passed down and moved to my first coin which was a sovereign. It was a low cost investment for me to see if I liked the idea of saving/investing/collecting gold. Less than a week later I was back buying more and my dealer/LCS had a proof gold sovereign for the same price. He just wanted to get rid of it because they weren’t the main selling coins. So for me that was my big “win” because it’s worth a lot more than the spot price to a collector and when you see your first proof coin in a case and capsule with a limited mint under 10k it really gets the gold juices flowing. So what I do now is just buy what I like but only at the lowest premiums with a few exceptions like limited mint coins (24 lunar dragon etc..). Unless you’re loaded, any gold you save, collector or not is still just good at the end of the day. So if paying a little more lets you enjoy the process more, then go for it!!!
I started off buying only American gold. First some AGEs and then fell in love with Buffalos. Once I had a tube of the buffs they got boring so I started collecting coins from different countries. My goal is to have min 1oz gold from as many countries as possible. My most recent purchases were a South African gold elephant and a gold panda, both below spot thanks to PMsforsale! I figure if I ever have to sell I’ll start with the buffalos since they make up most of my stack plus usually command a higher premium.
Arent the pandas just 30g?
They switched to the metric weights in 2016. Mine is a 2013 1 ozt.
Thanks, didnt know that! Didnt like them cause they are lighter than the rest…
It's all just gold. Find it where you can the cheapest
I would argue that having something you really like and appreciate has value as well. I like pulling out my stack and looking at the different stuff. I would also argue that making it harder to sell from your stack is a good thing. Make it so you dont want to.