Morning All, I only recently started collecting and believe i made the mistake of buying a high relief 1oz gold coin. Bullion has out performed this coin by far and was wondering your thoughts ? I look at many 2011 to 2014 listings of 1oz and 2oz high relief coins and they are lucky to even get what they paid for it. I bought this coin for its beauty but my head keeps telling me you could of had more gold in the bag. Is a coin really scarce if it was made to be ? i mean whats stopping Perth Mint putting a privy on this and pumping out a few thousand ? P.S im looking to buy the to buy the 2oz high relief version, someone slap sense into me ?
Wait a few months/years and pick it up at auction for less? It seems like paying retail for coins from any mint is a losing bet in most cases. There was a thread started earlier in the Numistatics forum titled "Negative ROI For Royal Australian Mint Proof Coin Sets" that says pretty much the same thing.
Those things are sold with huge premiums at retail. Just slap yourself with both hands and buy 3+ oz instead. (Maybe a bit harsh, or maybe I don't understand well numismatic value... But can this stuff really be considered numismatic?)
Seconded. Slap a couple of times each side. Having said that, there are certain coins that are doing well and appreciate in price within that category.
When starting out, buy bullion or low-premium rounds as much as possible. If buying coins, stick to the standard coins which are not slapped with massive premiums. Once you have a bit behind you, if you want to play on some special coins, then go right ahead.
Was it a 1oz high relief gold dragon coin? That coin will surely outperform any other bullion if you were to have bought it at the same time
