Rare coins vs. Bullion?

Lewis L asked:

I’m buying some gold from this site:

http://www.blanchardonline.com/blanchard_products/bullion_investing_guide.php?content=18668274311&gclid=CIrdmaW3lZYCFQZinAodgCMxFg

I’m buying about $7,000 worth of rare gold coins (mostly gaudens ms-63) but I’m also buying about $3,000 worth of gold and silver bullion.

My only concern is whether I should rally be investing in more rare coins rather than bullion.

{ 1 comment }

Taiping: First of all there are common Saint-Gaudens double eagles and MS-63 is a common grade. You need to do some research before spending your money on a coin that may be looked at, by the collecting community as gold bullion anyway. Gold is an up down thing right now so you are taking a chace with the bullion coins. Rare coins are rare coins and their value does go up but not all old coins are rare. There are a lot of gold coins that are old, but common and sell for bullion value. There are also gold coins that are sleepers meaning the price is below what it should be and it is only a matter of time for the people collecting gold coins to figure out such and such a coin in MS-64 is just not around or maybe that date is rare in mint state with a good strike. You need to educate yourself for there are a lot of coin dealers out there that will be glad to take advantage of you and some are even well know. Get some price guides and look at what dealers have and go to a coin show if possible to see just what is avaible and what is not to available.