[Music] [Music] so Doug I wanted to talk to you in this segment about something that I think is probably something that a lot of collectors feel like they are never going to be able to break into gold gold obviously the precious metal is very expensive much more expensive this silver and a lot of people like get into coins and they're into coins for many many years and they never own a gold coin but but the amount of money that most people put in their coin collections goal really isn't out of their price range if they have a strategy for it or they want to save up for it or if they they just really want a representative sample of what US classical points were all about so I wanted to get your insights on how do how would you what advice would you give to these collectors and to how to get into a couple of gold coins in their collection and what points would should they be looking at if they just want to you know have a nice gold coin a historic coin but they're not you know they're never going to be buying five $10,000 points true traditionally the path to gold is usually people start off with bullion or generics and then the gateway drug gold coin tends to be a saint a saint gowns double eagle usually a common day of 24 27 28 and NS 63 or ms-64 or even a little lower grade and right now the premiums on those coins are unbelievably low I mean you're paying a very small premium over gold content for a really fairly nice point but if 1500 1250 to 1500 is too much there are still smaller denomination gold coins there's you can buy very respectable gold dollars and quarter Eagles for 250 to 750 dollars a coin one thing I would probably recommend is instead of buying lots of inexpensive mundane gold coins maybe taking the $3,000 that somebody has budgeted over the year for five or six coins and thinking for a longer term strategy maybe buying one or two really interesting coins a year and if somebody's willing to go up to the thousand to three thousand dollar range you can start buying really interesting larger denomination branchman gold coins you can buy no motto Philadelphia half Eagles and Eagles in very presentable grades for five hundred to a thousand dollars per coin gold has obviously you can spend a hundred thousand dollars per coin too but you don't need to be a super wealthy super well filled collector to buy really presentable interesting gold so obviously in the trade you know dealers and professional new businesses use the word generic to talk about tight points or points itself or a lower numismatic premium coins that are still available in abundance but if you're a collector in this gold coin is going to be really special for your collection you probably don't want to settle for a generic point so how do you beat that beat that label and find the coin that actually will be something you'd be proud of in your collection and it's not something that just anybody would have and dismiss so in series that aren't comprehensively collected by day but a series that's comprehensively collected my date is Indian Head Quarter Eagles there are very few sleepers in that series but in a series like with motto Liberty had half Eagles that aren't really collected by date the population report is your friend and you can see the most common date might have a thousand graded in ms sixty three but there are dates with populations of a hundred NMS 63 that are available for little or no premium and that's what the collector should be looking for are not necessarily the rare dates but the dates that should have a market premium factor that currently don't and if that series becomes collected more avidly by date it's possible that coins that sell for little premium right now might eventually get a 5 10 15 percent free meal our classical commends a good buy today's prices I've said they have been for years and every time I say they are they get cheaper the problem with commend gold I like commemorative gold the problem is the population reports have shown people that coins with miniatures of 5000 still have survival rates of 70 to 80 percent the coins are small and there's there they're just not made enough to really attract people they were heavily promoted back in the late 80s early 90s I think there are coins regular federal issue coins which offer a lot more bang for the buck well to to classic Adams I'm especially thinking about our the grant with star and the pan PAC 250 do you think those are good buys I'm not a big fan of the grant with star I love the pan PAC 250 it's such a cool design to get a hippocampus on it where else can you find a hippocampus I like the the dice whirls that appear on the surfaces if I were going to recommend one commemorative gold coin it would probably be a pan packed gold dollar or a pan packed quartering the great story and the fact that there's so much money the bay area and the pan pack exposition is so integral to the history of San Francisco I could see that being appointed would be promoted and prices could go up and it's just even if speaking putting in the investment and go away I just think they're really cool so let's talk about America's first small dollar the gold dollar what about that series people tend to either love or hate Gold dollars I'm in the love gold dollar fan I'm also of the age where I now need these to see coins on they're small and people who are of a certain age have trouble seeing the coins although I think that's what magnification is all about I love gold dollars it's a fascinating series three distinct designs for the most part fairly affordable especially type three issues the coins made from 1856 or 1889 if you delete the breath the Charlotte Dahlonega coins if you focus a just on the Philadelphia coins virtually everything is available at under $5,000 for really nice coins so I'm a big gold dollar fan I've put together some of I would say probably the greatest collections ever assembled and gold dollars and I I have a special affinity for the branch men issues which are sort of the folk art of us gold coins and if you if you can afford to collect a couple working dollars you can get into a gold dollar in your collection you can buy even new accommodate new orleans gold dollars type ones like 18 50 100 50 200 you can buy really presentable ones 400 $500 piece which seems pretty reasonable to me what about the oddball $3.00 gold point I'm a huge fan of $3.00 gold pieces I wrote with Dave Bowers the standard reference book about fifteen years ago on the series they've been kind of unloved since then although I'm starting to see an increase in popularity it's an expensive series but there are some real sleepers there's a lot of history and the fact that there's some interesting ones on the SS Central America I think may jumpstart some further interest in that series so I think it's a very collectible series that if you're a contrarian might be interesting to sniff around and see what you think about right now well I would say with so many of those nice $3 gold points we've seen so far come out of that Central America hoard the front the pump is probably primed that series seems that way yeah so let's go into the traditional denounced order eagle and if you were going to only have one in your collection when you go with the fella we own Pratt 250 or would you go with the Liberty I'm a liberty guy all the way and two and a half lives Liberty had two and a half two and a half dollar gold pieces are really popular I've noticed a big surge in popularity there's a there's there are a lot of expensive coins in this series but they're also coins you can buy particularly Philadelphia and San Francisco coins for a thousand to fifteen hundred dollars that are genuinely rare and nice quality it's a it's a series that offers a huge amount of value for a collector with a reasonably limited budget is it worth going earlier in the earlier Gold Series if you if you have to get an impaired coin to be able to afford it no I think that's I hate impaired coins and if if you can't afford anything other than impaired examples of a coin it's better just to not fill that hole and is I mean as an example you could spend forty thousand dollars on an impaired 1808 quarter ego but you can spend $40,000 like four amazing ten thousand dollar Liberty headquarter egos that actually will go up in value and be in demand when you go to sell them the problem with that screwed up coins is they're easy to buy and they're very hard to sell they could be like a rarity six coy but to find a collector that ones they can be rarity seven right right so what about we go to the larger denominator we have Eagle Liberty had half Eagles and classic half Eagles are a real favorite of mine they're a little bit more expensive Liberty had happy those are interesting they're the only us gold type struc at all seven minutes philadelphia coins in the 1840s and 1850s seemed like the best value to me they're probably the least popular but there's great coins available under $2,000 and in some cases under $1,000 there's Charlotte the Wanaka points which are extremely popular the New Orleans coins are popular Carson City in San Francisco are popular for varying reasons and then the classic head design which is 1834 to 1838 that sort of bridges the gap between old gold and more modern gold it's a series that I love and it's got a small but very passionate following mainly collected as a type coin but it's something that for somebody with a budget of 2,500 to 5,000 dollars a coin could put together a philadelphia set from 1834 to 1838 with really nice coins there's also some fascinating dye varieties if you're into dye variety collecting that are fairly under research but there's I know of a few collectors right now they're getting ready to publish online some information so if you're a diver iat guy classic eight quarter e puerto rico's and half eagles or a really fertile area that you can pick off some very rare varieties from dealers who are not so when you're talking about the Liberty Head fives here saying that that was like the one series where all seven minutes struck that point right for a dedicated collector with a modest budget would it be possible to put that set together of one example from each minute it in would you would have to you you would have to budget at least 1,500 to 2,500 for a charlotte and Dahlonega coin a little less for Carson City in a New Orleans San Francisco and a Philadelphia could be done fairly reasonably in a Denver is a two-year project oh six and a seven and they're common so for a budget of maybe 10 to $15,000 you could put together a really really nice set with all the coins at least extremely fine and a number of them uncirculated so I mean that could be like I said a two three-year project for somebody but it says certainly doable very doable let's get into the bigger goal my favorite of the st. out as designs is actually his town a long time I love that it's going to sort of a very popular point I think at this point very expensive be a nice example there's also very few common dates everything even the most common dates are pretty rare and high-grade and it's a it's it's definitely a wealthy man's series particularly in high grade it's a coin who doesn't wear terrifically well whereas an extremely fine Liberty Head $10 gold piece I think is attractive a 10 Indian is really pretty in gem where a choice uncirculated but in my opinion an X f40 10 Indian is usually pretty ugly so I think if somebody wants to buy the $10 Gold Series I think the Liberty Head Series offers a lot better value for a 1000 to $3,000 budget a lot rarer and much more interesting and more historic coins you know it's funny you bring that up about where on that coin I don't know if I've ever seen like a heavily circulated send yet they didn't circulate as much obviously as Liberty Head coins did you'll see them I mean very rarely in XF Warren au and a lot of them have come out of Europe they're just they're not necessarily warrant there's B they either just beat up down to a you and they're just I'm the world's biggest fan of dirty original coins and dirty original a you ten Indians just don't really do it for me yeah that really is like more like a piece of sculpture and once it's what's its mess with it just looks like broken sculpture that's well put I would agree with that totally so yeah I'm gonna write contrary to most people's opinion I'm not really a fan of the twenty dollar st. except for the eye relief as originally intended I don't like the flatter versions I think the face usually gets obliterated in the knees and once I see that I'm employed in focal areas I've just started off so I don't know if I was collecting 20s on a budget I think I actually would go back to the probably the type three liberties I tend to agree with you although one people were scared off by saints and there are I mean I counted once I forget the number but there's a couple of dozen issues that you can buy very respectable uncirculated coins for under $2,000 but obviously there are a number of six-figure coins also so it's it's a series that you have if you're on a limited budget you have to understand what your expectations are but I think again for more bang for your buck I type 3:20 lips which are made from 1877 to 1907 offer a lot greater rarity and aesthetically I think a nice MS 62 MS 63 Liberty Head 20 is a really good looking point yeah also also the thing about that Liberty series I mean it really is sort of the Rodney Dangerfield of the Gold Series it doesn't get the respect it deserves almost impossible to put a uncirculated set complete satisfied date and then mark about the series together some of those this is just I don't even know yeah I mean for somebody on a workingman's budget type 120 lives are really out of the question the more mundane coins are going to be two to five thousand dollars and there are almost all the omens are five and six figure coins type twos are a little more within budget especially if you punt the rarer Carson City issues with type three one of the things I suggest for people to do are doing date sets so there are certain year there's only one year or 1886 that only comes in Philadelphia which is a very rare coin but every other year if the Carson City or the Philadelphia coin is super expensive there is always one date that is available for usually under $2,000 so if you're willing to do I think it's like a 31-point set knowing you'll get 30 of the 31 wins if you commit fifty sixty thousand dollars to it over the course of the say ten years you can put together a really really nice set and the points are interesting you can do mainly Philadelphia in San Francisco and maybe throw in a parson city coin here are there just for a little variety you usually I kind of chuckle when I hear coin dealers say that you know this is a gem ms 62 or a Jim MS 63 whatever point it is because usually there's actually plentiful actual Jim points out in the marketplace but I think with the twenty dollar Liberty series that's actually one instance I think in u.s. numismatics or you can get away with that and actually be quite honest with a point like the 20 Liv getting a sixty two or three might actually be the best that's on the market and there's there is there is such a thing as a Jim 62 or 63 about serious there's also expanding on your point there's a huge variance and quality 20 lives within the grade so you can have a coin that's a very average MS 62 that's worth 5,000 and you can have one that's super high-end maybe not a 63 but a six to two point seven to sixty two point eight it's worth seventy five hundred to ten thousand and that would be in my estimation a gem and a 62 for the issue so it's it's it's a misuse term but there are definitely huge variations in quality for twenty lives it's a specific rate range for each specific game well Doug thanks for sharing your insights about gold obviously I don't know anybody in the present market who knows as much about classes as well as you do thinking and and and I think it's important for collectors who are afraid of gold to sort of break down that barrier you don't need to be afraid of it not every gold coins gonna be in your range but you can get into it if you have a strategy and you know the leyland I agree gold is your friend [Music] [Music]
I've read some articles on gold coins by Doug Winter and he really knows his stuff.
Great video, very knowledgeable guy