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Penn E. Less · 02-06-2003, 11:12 PM

You are correct about numismatics but we all have to remember that you need to be SEASONED in that game before getting involved. I recall buying my first Charlotte gold coin from a respectable dealer for about $13,000.00 USD. It was an early date mid 1800 graded AU-58 by NGC coin with gorgeous luster and a brilliant greenish gold color. I later discovered the "premium" I paid for this coin and almost shit my pants. I later discovered that you have to hold a numismatic for at least seven years before expecting to see a return on your investment. I was able to sell it back to the dealer at my cost although he didn't appreciate it but did it out of respect to me.

I decided to venture back into numismatics when I became a bit more SEASONED in that game.

BE CAREFUL with numismatics. By the way, did you know the Germans flooded the market with counterfeit St. Gaudens many years ago? Yes, they are real gold but St. Gaudens sell at a much higher price pound for pound than bullion so you can understand the motivation for counterfeits.

In a nutshell, avoid numismatics out the gate but study that market before sinking one shiny penny into a numismatic.

Good luck!

Regards,

Penn E. Less

02-06-2003, 11:12 PM
Penn E. Less Confirmed User Join Date: Oct 2002 Posts: 367	You are correct about numismatics but we all have to remember that you need to be SEASONED in that game before getting involved. I recall buying my first Charlotte gold coin from a respectable dealer for about $13,000.00 USD. It was an early date mid 1800 graded AU-58 by NGC coin with gorgeous luster and a brilliant greenish gold color. I later discovered the "premium" I paid for this coin and almost shit my pants. I later discovered that you have to hold a numismatic for at least seven years before expecting to see a return on your investment. I was able to sell it back to the dealer at my cost although he didn't appreciate it but did it out of respect to me. I decided to venture back into numismatics when I became a bit more SEASONED in that game. BE CAREFUL with numismatics. By the way, did you know the Germans flooded the market with counterfeit St. Gaudens many years ago? Yes, they are real gold but St. Gaudens sell at a much higher price pound for pound than bullion so you can understand the motivation for counterfeits. In a nutshell, avoid numismatics out the gate but study that market before sinking one shiny penny into a numismatic. Good luck! Regards, Penn E. Less __________________ <br><a href="http://marketing.ucumseeme.com/dat.shtml"><img src="http://marketing.UCumSeeMe.com/images/ucsmm2_120x60.jpg"></a><br> Click the button above!<br> ICQ# 169177761