Register
Results 1 to 2 of 2
Investing in Coins and Bullion Thread, Question about buying bullion coins in Coin Forums; I am looking to put some money into Canadian coins. At the moment looking for bullion coins can add numismatics ...
  1. #1
    Member Joe1001's Avatar
    Join Date
    Sep 2015
    Posts
    6

    Question about buying bullion coins

    I am looking to put some money into Canadian coins. At the moment looking for bullion coins can add numismatics after I learn more. I am hoping someone can help with this?

    I have heard that sometimes governments have in the past confiscated gold. How old do coins have to be to avoid this?

    which coins are a good place to start?

    What are good places to buy online or in person? I live in Calgary, Alberta, Canada, if someone knows of a dealer.

    What are the better grading agencies for coins?

    Thanks for help,

    Joe
    Last edited by Joe1001; 09-28-2015 at 01:58 AM.

  2. #2
    Member CentsPlus's Avatar
    Join Date
    Feb 2014
    Location
    Rhode Island
    Posts
    34
    Bullion Coins are not my forte, but I'll tell you what I know. I tend to make a distinction between bullion and coins. Unless you're talking about rounds (bullion) then you're talking about legal tender with a set, face value (coins). I know that the U.S. recalled gold in the past, but then our money was based on the gold standard (all our money was backed by gold) but that is no longer the case. Our money is now backed by our full faith and confidence in the U.S. government... not too bright, but there it is. As for when if, and how it could be done again is anyone's guess. Governments do what they want because they make the rules.

    As for a good place to start, this again depends on whether you're buying bullion or coins, and whether you're collecting or investing. Gold and Silver have always been a good hedge against inflation, if you can hand on to it for a long period of time. In the short run, prices can be extremely volatile. If you're collecting, buy what you like the most. I like type coins because of the history and that they're difficult to find. If you're investing, the larger denominations have always been the better money makers over time. The 1/5oz, 1/10oz, not so much.

    Of course, where you live is irrelevant to buying online, and you have the same choices as the rest of us. About that, you will hear a differing opinion from most anyone you ask.
    In most cases when someone swears off a venue such as eBay because they got burned, it's because they didn't do their homework or take simple precautions. The best deal is wherever you find it, and a quick Google search for gold dealers will get you started.

    The general consensus of dealers and investors is that the top grading companies are PCGS, NGC, and ANACS in that order, though some are better than others in differing areas of grading, such as authentication, errors, details, etc.

    The best advice I can offer is research, research, and more research.
    If my post seems rude or stupid, don't be offended. It's just a failed attempt at humor.

 

 

Remove Ads

Similar Threads

  1. Buying a new house
    By Chester in forum Off-Topic Lounge
    Replies: 6
    Last Post: 08-30-2021, 11:42 AM
  2. Buying gold bars--Think twice
    By nicholasmann in forum United States Coins
    Replies: 1
    Last Post: 06-27-2013, 07:45 AM
  3. Buying a new house
    By Chester in forum General Numismatic Chat
    Replies: 0
    Last Post: 03-02-2011, 07:47 AM
  4. Replies: 0
    Last Post: 12-07-2010, 11:06 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •