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On 4/18/2011 3:58 AM, RHF wrote:
... =FYI= The Pre-1979 Years were great years for Buying Gold and Silver 3~4 1-Oz Gold Coins and some Silver Coins to bring the Total Purchase Price above $1000 : Made it Tax Free ![]() meant the Name on the Purchase Order as "Cash" ![]() -no-'cal-id'-required-for-cash-purchases-back-then- ... My grandparents left me gold coins and nice nuggets from the gold rush era. Now, unless I find gold coins at a real steal, from people who don't know what they have, I always purchase bullion -- my favorites are little ~1 oz ingots which once were very common and are now very collectible -- but I won't pay higher than what the gold is actually quoted at, at the time of purchase, plus a small fee for the transaction (I have paid higher than value for VERY old bullion coming from the gold rush era.) The firm I deal with is in San Fransisco and has been in business for over 100 years and is family owned. Between jobs, one of my sons went around to flea markets, public functions and rented a small corner store and bought/sold gold. During this time it was unbelievable who would show up with gold (you would wonder where the winos and drug addicts were getting all of it?) and sell it for pennies on the dollar! He turned me onto a lot of great deals during that time -- however, pressure from law enforcement and government were constantly a hassle and in latter years had gotten much worse -- today the paperwork and such must be a real pain! The Numismatic value of the coins would not have the value they have today in a very dramatic crisis, indeed, in a "total meltdown" of the economy the numismatic value would likely fall to ZERO! Never pay, invest in or count on any "perceived/imagined value!" -- RULE NO. 1. You can watch the "gold wars" he http://www.goldalert.com/2011/04/gol...flation-fight/ Market manipulations of gold/metals is always fun to watch! My two favorite "hobbies" are keeping aquariums and raising exotic fish/aquatic-species and collecting gold -- I actually like the aquariums better ... Regards, JS |
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