It's always been good advice if you are buying coins for investment, even if the investment is only to be able to pass your collection on to your children - "always buy the best coins you can afford".

Rare gold coins in good condition will always retain a high resale value, and I was reminded of that by a report of a recent Bonhams  coin auction in New York, where prices for historical US gold coins were extremely strong - read about it at Coin Talk.

Some of the prices realized there were amazing, and must have made their sellers very happy. Note the emphasis on 'unmarked' and 'high grade' for the coins that achieved the high prices. Whatever the state of the economy, coins like these will always have eager buyers.

If, like most collectors, you have a specific monthly or annual budget, and you are thinking in the long-term, think also about whether you really want to pick up a large number of cheap low grade gold coins, or whether you should start going for the occasional high grade slabbed coin instead. 

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