I would like to buy a US Mint gold coin. Will it drop in value?

I'm interested in buying the new gold coin from the US mint. I want it as collector. I only plan to buy one (at $800; I can only afford one). However, it is so expensive. I would be pretty sad if the gold fell and the value of the coin dropped significantly. Will the value stay constant (or even go up) because it's a collector's item not just a hunk of metal

I would like to buy a US Mint gold coin. Will it drop in value?
First of all 24 kt gold coins are a relatively new idea. You will probably make out in the long run but it will take many years just to get back your investment unless gold goes crazy in price. On the other hand if vast new gold deposits are found or some country needs hard currency and dumps some of it's gold on the market gold will go down. For some reason people think bullion coins are a collectors item, well it is not, it is an investors item. I would rather put that kind of money into a rare date gold coin or any rare date coin, like a 1916-D dime or a 1909-S VDB cent. I know people will say, that if something happens to the economy you will have gold, well you can't eat the dime, cent or the gold. I must admit the buffalo (bison) gold coin looks nice.
Reply:Trouble with gold is, you have to buy it at retail, and sell it at wholesale. It's a poor investment either way. If you aren't going to do coins as a business, then you should buy what you like to enjoy and don't worry so much what it's value is. It's a hobby. I think the gold coins are intended to be held as bullion, was my impression regarding the marketing.



If some people knew whether gold would go up or go down, they would get rich. I think gold was in the $900 range in the early 1980's, can't remember for sure, and only now is gold recovering to that price. That's a long time to wait. Your stocks would have tripled in that time, if you had some.
Reply:As bullion it will fluctuate, but the price of gold has gone up consistently. As a collector's item it should go up in value also.



Just don't expect a rapid increase in value in either case.
Reply:I also am purchasing one of the new gold coins. Gold has been not only holding value but rising over the years. 24K gold coins from any country will appreciate, especially as there is more turmoil in the world. If you have two boxes, one with regular US currency and the other with gold US coins of equal value, stash them for twenty years. The regular money will be worth less in purchasing power, but the gold coins will have appreciated because they are gold. They will be worth more than you ever paid for them.