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Proof coins or just for the gold content
What have you seen comparing the price of the proof coins (maple
leafs, buffalos) vs the price of the uncirculated coins? Which has been the better investment? Do you think that will be the way of the future? TIA... If a small purchase I would go for a proof. If a large purchase I might go for uncirculated bullion coin...without mint mark (if Eagles). And that raises the issue that Eagles are also available as uncirculated coin...with mint mark. Of course the Pandas are said to be proof-like... Also there are now currency ETF's that pay interest. While the gold ETF's do not pay interest. But a physical gold holding at a bank would allow covered calls to be written...for income. |
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#2
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Proof coins or just for the gold content
A You wrote: What have you seen comparing the price of the proof coins (maple leafs, buffalos) vs the price of the uncirculated coins? Which has been the better investment? Do you think that will be the way of the future? TIA... If a small purchase I would go for a proof. If a large purchase I might go for uncirculated bullion coin...without mint mark (if Eagles). And that raises the issue that Eagles are also available as uncirculated coin...with mint mark. Of course the Pandas are said to be proof-like... Also there are now currency ETF's that pay interest. While the gold ETF's do not pay interest. But a physical gold holding at a bank would allow covered calls to be written...for income. A speculative comment from oly, admittedly not pure numismatics...mea culpa, mea culpa...how to possibly turn a gold bullion play into a numismatic premium item... Frankly, either way, proof or unc. - the 2007 Buffalos might be easily scarcer than the first year. I would probably take those Buffalos early next year and ask your dealer how much difference for a swap of 2006 dated coins for 2007 dated coins. If the 2007s have sufficiently high mintages, I might consider doing the same swap in early 2008. After the American Gold Eagle program had rolled along several years, there came the relatively tiny mintages of some denominations in 1990, 1991 and 1992. Premium money was made for those buyers. History could repeat itself. On the other hand, realize that the Gold Buffalo program might not make it five years --- the Mint is trying to crack a market that Canada and Austria already have pretty much locked up in the rest of the world. The Gold Buffalos may ultimately have (slightly) less liquidity than the Canadian coins. You might want to watch the Gold Buffalo mintages over the years. They could tumble after the novelty wears off. oly |
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