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Unless you have a LARGE quantity of bullion gold, I'd suggest that you consider Spanish Colonial 8 escudos where you can still buy quite rare coins in very decent grades for less than $5000. There are dozens of coins that IF they were US gold coins of the same rarity would sell for 10s of times more money. Just as an example, in the approximately 140 years of milled edge Spanish Colonial and Republic minted 8 escudos coins there are only about a dozen coins that have over 20 examples graded by NGC from over a dozen mints. With the exception of the ship wreck recovery coin, the 1851 Santiago 8 escudos, there an NO 8 escudos with more than 50 graded and only a very few with more than 20. This compares to the US 1883-0 $10 with 800 examples minted total and 18 graded by NGC alone. There are literally hundreds of 8 escudos with 5 or less examples graded that sell for "common" money, on the order of $2000 to $2500 for AU coins and only a bit more for mint state examples of the more "common" dates. True, there are not as many 8 escudos graded as a percentage of the surviving population as in US coinage, but as a group, the coins are so much rarer than most US gold coins that have much higher prices that it is amazing. None of this is meant to disparage collecting US gold coins, I am only pointing out that for the money, 8 escudos, are a fantastic buy. From an investment POV, as in any collecting endeavor, especially coins, buy the rarest and finest examples that you can afford. Whether US or World coins, for investment purposes, it is far, far better to have one or two really fine coins than a double handful of low grade examples.
Edited by 8realescudos (04/08/12 11:25 AM)
Edit Reason: clarity
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I like it too! And as I can't seem to get the Conders I want I might just have to refocus (again)
