Gold Coins for resale.

Discussion in 'Gold Coins' started by SliderC, Nov 25, 2022.

  1. SliderC

    SliderC Active Member

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    Does anyone have a thought regarding the best gold coins to buy, over the long term, for resale.

    Do we think there is any difference in the liquidity of, for example, buying gold lunars vs kangaroos, in 1oz denominations?

    I wonder, with Coins, as there is a "collectability" element, whether buying a particular coin limits your market of buyers vs another.

    Ie. Do people care what year of lunar they are buying more or less vs what year of kangaroo they are buying.

    Cheers.
     
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  2. swoydaz

    swoydaz Well-Known Member Silver Stacker

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    Pretty broad question. I’m sure you’ll get a range of replies.

    Firstly buy as close to spot as you can.

    From there on I’d say Canadian Maples, Vienna Philharmonics, USA eagles.

    all at 1oz if you can.
     
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  3. Cleaned Slice

    Cleaned Slice Active Member

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    For the most part I dont care and I think generally people care less with gold than with silver coins. If a silver coin pops off and becomes collectable the premium can easily overtake the spot value of the metal. But with an ounce of gold that is a little more difficult.
     
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  4. MLP

    MLP Active Member Silver Stacker

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    Not much difference I can see. The cheapest would be the best I think. Look at this site for example. If it's priced at spot it's sold instantly. If it's much over spot it either doesn't sell or takes ages.

    .9999 gold is .9999 gold you only get good premiums on specific items from the limited people who want that exact item. You are also hoping and praying the person who really wants the item has the $$ on hand when you want to sell it, and if you are selling it, chances are you need the money now.
     
  5. Roswell Crash Survivor

    Roswell Crash Survivor Well-Known Member Silver Stacker

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    Overall, buying and selling of numismatics & collector item behaves more of the art market than a metal value market.
    You won't have any trouble selling gold lunars on basis of gold value, but you'll obviously lose some of the numi. premium.
    There is definitely a noticeable preference for certain years with Lunars.
     
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  6. florincollector54

    florincollector54 Well-Known Member

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    Sovereigns
     
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  7. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    Mexican gold Pesos
     
  8. serial

    serial Well-Known Member Silver Stacker

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    Sovereigns, if you can get full or halves at or close to spot you can't go wrong. They are universally recognised world wide
     
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  9. SliderC

    SliderC Active Member

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    funnily enough, Ive always thought americans had it easy in the their 22ct Eagles were so popular, so durable and an easy choice for resellability...yet as australian I hadnt considered sovereings. Ive wondered whether the "uniqueness" of lunars and kookaburras would be a disadvantage when reselling as people might want a "unique" coin for their stack instead of one they already have...but sovereigns offer the same as eagles...
     
  10. serial

    serial Well-Known Member Silver Stacker

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    More like $660 spot and your right getting them at or close is near on impossible.

    Having said that I'm about to list a 1910 in ms63 pcgs slab for $725+postage
    Don't get cheaper than that
     
  11. SliderC

    SliderC Active Member

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    Ahh, so sovereigns stopped being minted almost 100 years ago...not really a viable stacking option then are they. Far more collectible with that vintage, hence the premium i guess.

    Shame, would be nice to have a stock 22ct coin minted in Australia, might have to keep an eye out for one just to play with.
     
  12. SliderC

    SliderC Active Member

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    I reckon PM should make a 22ct gold kangaroo in the same strike as their 1oz silver bullion kangaroo. Keep the design the same every year, sell close to spot. Would be a winner.
     
  13. GF

    GF Well-Known Member Silver Stacker

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    Check this https://britanniacoincompany.com/blog/mintage-figures-proof-sovereigns/

    Sovs are still produced every year and the good news is that it’s often an advantage to pick them up….sellers think that because there is no age there is no value. As stackers do we really care about anything else but purity and weight? As sellers we sure do..

    GF
     
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  14. neonuke

    neonuke Well-Known Member Silver Stacker

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    buzz (or should that be a pre buzz?)
     
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  15. OzBenzBitz

    OzBenzBitz Active Member Silver Stacker

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    Australian Sovereigns stopped being minted 100 years ago but the UK has been minting them on & off since the late 50's from memory & before that since sometime like the 15th Century but every year in recent years.
    In Europe & the UK they are the number 1 go to for a Gold Bullion coin.
    You can get Aussie Sovereigns at REASONABLE premiums if you're not picky about condition or specific year etc but they definitely have a numismatic component to the premium.
     
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