My first old gold - Thanks Monument
Posted Nov 16, 2017, 7:14 PM UTC
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I really want to start collecting old-timey gold coins, but I'm not even sure where to start or know if I'm getting a good deal.
ETA: And old-timey silver.
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Same here. I would love to pick up some vintage gold but I feel I need to shop for them in person so I don’t end up regretting my purchase. They are so beautiful though.
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Absolutely. Unless you're buying PCGS/NCG graded gold, you really want to get your hands on it in person and examine carefully under 10x magnification or better. For some reason, it was all the rage in the 1930s-1960s to clean the hell out of old US gold, and MOST of the loose coins you see at the LCS will be harshly cleaned, polished, or otherwise damaged. They're still good bullion, but I wouldn't pay more than 2-3% over spot for a cleaned Pre-33 coin, and only then if it's eye-clean and doesn't look like it's been abused. Good raw-state uncleaned Pre-33 tends to run about 5-7% over spot for $5 and larger, an a solid 10-20% over spot for $2.5 and smaller.
I like old foreign UK/French/Mexican/Swiss/Austrian/German gold better - the premiums are almost universally lower than Pre-33 US, and sell back for about the same 95-98% spot.
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Nicely done. Great deal you got there - wish I coulda jumped in myself.
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Very nice. I have always wanted a pair of double eagles but never have gotten around to it. Monument Metals is great!
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Damn went straight into the big boys club with that first gold purchase, they look awesome.
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Thanks. First pre 33 gold purchase. I have some newer bullion stuff but yeah, I jumped in with both feet. Now I gotta figure out how to tell my wife that Christmas is cancelled. Haha...
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No real story. You guys saw the deal Monument was running. Have some gold but nothing pre 33 so figured I'd jump on it. Monument is helpful, easy to order from, ship fast, and package well.
Overall I'm really happy with these and like them more than newer bullion gold. Sigh...won't be the last of these I order...
Edit: The pics are shit. These look a lot better in person. I'd upgrade my camera/phone but you know...shiny.
That 1897 is a beauty, would love to buy a large piece of American gold. Thinking I would stick to $5 sized and up, the $2.5 coins just dont seem like much fun to collect for some reason
The premium in $2.5 and under are way too high. $10 is the sweet spot, more affordable than $20 and more impressive than $5's. =)
Thats what I was thinking. $10 you can seem to get for about $40-50 over melt for decent raw coins. Thinking I should try to save up(or build up enough stuff to trade) for a $20 gold Liberty. That reverse is just too nice not to have one