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Buying & collecting gold coins
I was thinking that I might get some gold Kruggerands and maybe some other gold coins. My thought is that if I were to start collecting something or start a new hobby, I might as well buy something that has and will keep value.
Anyway, I was looking at Kruggerands on eBay and I was surprised to see such a variance in price for a one oz coin - ranging from $900 to $1500
So, if the price of gold is currently at about $930, what would drive the price of the coin up to $1500 or is this a special collectible coin or is this seller just taking advantage of people that don't know any better. I noticed that many coins sold are descrived as "uncirculated" and others are just plain old gold.
I believe, but I'm not positive that kruggerands were started in the '70's. So it could be an interesting goal to collect one of every year & maybe 1/10, 1/2, and 1 ounce coins - money permitting of course.
When I was in high school, my friend's dad was an eccentric doctor who was always preparing for the end of the world - even had a stocked bomb shelter. He was an avid gold coin collector and had, literally, hundreds of pure gold coins - many of them Kruggerands.
So I was thinking that someone on this board might have some advice.....
Last edited by Tidybuoy; 09-10-2009 at 01:51 PM..
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