Old European Gold
ฝัง
- เผยแพร่เมื่อ 29 ก.ย. 2024
- Old European Gold Coins like 20 Francs Roosters and why I don't talk more about them. The video loops, by the way!
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I really enjoy picking up the old European and Mexican gold coins, because I can typically pick them up at melt price from my LCS. But if I have to buy a gold coin with a premium on it, I would definitely stick to US or sovereign minted coins.
That makes sense. Cheers!
Hi, 2. I have a 20 Frank, 1911 Napoleon. I carried that coin in a 2x2 in my wallet for 30 years in case of emergency. I paid $79 for it back in the late 80s. *TYU*
I want that coin for $79!!
i like the history of all coins.
i'm more collector than stacker.
I understand both sides of the coin. (sorta speak) :)
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Makes perfect sense, but I do love that old European gold!
Yeah, I definitely get it. Cheers!
Have you got anymore of them for sake?
"Old European Gold" should be that Aureus we talked about ;)
I’m over here in the wading pool! 😄
Lol at american coin shops😂
Sorry about your bad experiences... I guess you didn't hold the francs long enough for price to increase where premiums over spot were meaningless
Nope. I picked them up in 2014 and sold a few years later. Can't always pick when an opportunity knocks!
“Fortunately, I keep my feathers numbered, for, for just such an emergency.” #FoghornLeghorn #roosters 🙃
My favorite gold channel on TH-cam.. keep the videos coming.
Thanks!
Quality program. Too short tho. Keep up the good work Bob, I want to see 1 hour on LMU next time.
I'll work on it! 🐓🚀
Next time please 59minutes and not 59 seconds 😅
The conditions I'm buying for, it being gold is all that will matter.
Really odd. No matter kind of garbage I take to my LCS they always offer me more than I was expecting, including some trash no name didnt think it would sell silver I had a few years back here.
Their 'lowball' might be to off you a hair under spot if they are thinking the prices are sketchy and may drop soon, but thats the worst case scenario.
I like them because I can buy them cheaper. I know that I will get gold value and not numismatic value. That’s why I avoid the ones that have numismatic value built in to the purchase price. My latest video shows them.
And that is the same reason that I buy almost 99% US bullion silver and gold and constitutional junk silver for that exact same reason!!!
Roosters definitely not liquid. Eagle l have many.
I got some roosters as a gift, you won’t catch me complaining about free gold-
Never look a gift Rooster in the beak, as they say.
Eagles have beaks too
What’s a low ball offer so I don’t get SCREWED
CCT just picked up a really nice Russian coin.
There's a lot of cool stuff out there. I still mostly avoid it. 😄
Hi, Pud. Commie pinko Russian coin. I just picked up a very expensive Buffalo Nickel. Sometimes nickel beats gold, and I actually traded gold for it.
*TYU*
Interesting. That probably explains the low premiums. Good point from your experience.
Thanks, Sal!
20 franc roosters are my favorite non -US gold coins to stack
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They’re 3 dollars over spot price and they buy back just a dollar over spot that’s fine with me
Great point to remember!
Love you brotha. Keep grindin
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Sell - blasphemy.
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Hmm, guess it heavily depends on where you are. Here the most popular coins are the 20 francs and Sovereigns.
Yeah, just like any other. Where are you?
@@2is1gold Bulgaria
@@ChangesOfTomorrow makes sense then.
COMPLETELY IGNORE WHAT?!
Ha! It loops!
Put that in you SHTF pile. It's not good until it is.
Yeah, maybe!
This is the reason I stay with one oz coins, Eagles, Maples, Kruges. They are much easier to sell and get better prices.
I can imagine. It depends on your location, though. Over here in Europe it’s the other way around: the 20 Francs are highly liquid and the market for pre-33 American gold is very thin.
Modern bullion coins are liquid everywhere.
Pre-33 is even something I shy away from. It's just harder to get the premium back. Cheers!
#Shorts was well, way too short. If you could make another video on Roosters and $5 US Commemorative Gold Coins. And beat it like it owes you, well, Gold. I and my wallet would much appreciate it. As always God Bless You and Yours.
Gotta love all sovereign .2419 gold!
50 pesos gold are a good buy ?
I wouldn't mind a 100 Soles gold from South America: Peruvian, circa 1950 to late 60's. Crazy low mintages most years and a really large coin: Just under 47 grams of .900 gold goodness. Beautiful design to boot!
You're further down the rabbit hole than I am!
I bought a sovereign years ago from eBay cause of the 10% Ebucks a the time, but if I had it to do over, i would not. modern bullion and pre-33 is what I buy now. 999 is so much easier to understand.
Anything with standard weight in gold content is easier. .1867 is hard to do math on!
I've always been surprised that there isn't some standard weight/ purity of gold going back centuries, or even millenia, especially among European peoples. I low key wish there weren't a such thing as 22k/916. If the only options were 900, and 999+, then there wouldn't really be any confusion regarding the value of old, or foreign gold coins, and jewelry.
Yeah, at the time the LMU standard of .1867 gold content made perfect sense. Now, it's confusing. Cheers!
The video stopped short....but your point taken and i agree. Ease of selling is why I buy AGE, Buffaloes or Britannias.
I tried to go all in on the Shorts format and make it loop. I'm a rookie. 😄
Damn. Maybe I should lay off the roosters. I'll have to check in with some LCSs and see how they feel about them.
Easy call to make. All this depends on timing too. They're easier to sell anywhere when gold is hot. Cheers!
I've been tempted many times to buy old European gold but I've never pulled the trigger. I always ended up buying old US gold instead. I'm sure I'll buy some eventually and just plan not to sell it. Thanks!
To me, it's almost its own category.
All valid points! I know just enough to be dangerous with gold, but know nothing on old world gold, which is why I stay away from it.
Smart.
Any issues selling brittanias in US? I hadn’t realized how beautiful they are and now I will plan to get one!
My local dealers will happily buy them. Cheers!
Euro Chicken ? Lol
I have to say though, I really like (most of) the designs on older coins. I like them so much in fact that they could almost be considered selling insurance lol
I like them more than a lot of the modern bullion too!
My coin shop today;(I asked about 20 franc and Sovereigns). I was told while the premiums they charged are lower 5% versus American Gold Eagle 1/4coins was 13%,(same 5% on 2 Rand coins - but also looking at below Spot) when the time comes to sell - most likely getting less than Spot gold price for the franc and Sov. So I went with the Eagles
Mine give me 8% back of spot on 20 Francs LMUs. That's a hard pill to swallow. They give 2% over spot for Eagles. Cheers!
@@2is1gold wow; 8% less than spot when selling - that is very tough to swallow. I was really wanting to get into the Franc (.187) and Sovereigns (.235/.24) from a “stacking low prem coins”. My other fear is that if everything “actually” goes sideways none of these Coin Shops are going to give us anything BUT SPOT PRICE for gold - I can hear them saying “Spot gold is (insert price) and that’s what it’s worth”. As much as people hate the Comex and LBMA for price fixing,…I think we will be again at the mercy of the Coin Shops only giving us Spot Price. But then this is why I consider gold and silver my long term storage and hopefully by the time I need to exchange any of it the prices for metals will more than eclipsed my initial purchase prices (kinda like when I bought 1/10 eagles in 2008, cough cough way overpaid, but today with the price of gold I am more than covered for those purchases. Thanks for the channel - keep the videos coming.
15! OUCH! Great short. Thanks... and sorry.
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What was the reason for the lowball offer or the rejection for the European gold coins?
My local shops say there isn’t enough demand. That has a lot to do with timing, though. Cheers!
no problem to sell old European gold... in Europe...
I'm sure. Probably even easier and cheaper to buy too. Cheers!
@@2is1gold Not realy, there are quite premiums, Austrian Empire 10 Corona (3,39g, 90%) has like 15-20% premium, if newly minted, original from 1903 goes like double the gold price because of numismatic value. So, pretty hard to buy cheaper, I have 2 such coins for acceptable price (not great, but not disaster). Dukáts (3,49 g, 98,6%) are even more crazy. And I do not get, those sell like hot cakes for crazy money. I do not plan to buy anymore. Philharmoniker 1 oz is way to go for raw gold...
@@2is1gold NOTE: dukát is standard, there are 1, 2, 4, 5, 10 multipliers of 3,49 g 98,9 %, also 20 francs (swiss, belgie, france, lei, lire,) = 8 floren is always 6,45g of 90% gold no matter what state. 10 francs (4 floren) is half. So, there are some standards... I have spreadsheet for price calculations with a lot of these coins... Sometimes is luck tired, sits on donkey and I can buy for good price...
Liquidity isn't everything. Its the only thing.
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Not sure on this one as I have never gone down that road before!
Don’t be lured in! 😄
The vid got messed up?
Rookie move on my part. I made it loop for the Shorts player.
Good point!
Good, quick analysis!
Thanks!
Gooooooold, sweet sweet goooooold
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is there more????
TH-cam is experimenting with Shorts, so I'm playing along. It loops in their shorts player. Cheers!
He does have 🐓?! 😱
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The demand for those wont nearly be the same as bullion form your country. I have some though. I like having a portion of my stack in collectable circulated currency coins. Pre-33, restrike Hunky/Mexi, and Euro circulated coinage.
They don't belong in the base stack in my mind. They can be fun and cheap, though. Cheers!
Do you ever sell on Facebook groups? Obviously you'd be open to revealing your true identity, but I seem to be having luck over there.
I don't personally, but I know a lot of people do.