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For end times stackers-why Gold Eagles vs Gold maples vs bullion ?
justdano
Posts: 7 ✭
With gold maples your getting 7 + % more gold per round compared to a Gold Eagle, why invest in Eagles? In end times, I can melt them down and pocket the difference? The value is in the gold not who minted it? I dont state this as fact just as a general question.
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Both coins contain one ounce of gold. The American gold eagle has an additional .0909 ozs. of alloys added for strength and hardness. The maple weights one ounce while the eagle weighs 1.0909 oz. The added weight to the eagle is in addition to the one ounce of gold.
The overall fineness of each coin differs which is not really important to value until you melt them down into exactly equal sizes: a quarter ounce chunk of an AGE will contain slightly less gold than a quarter ounce chunk of a maple.
Gold Coin Specifications
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I did not know the eagle was over weighted to off set the difference in alloys. Thanks.
welcome to a forum where we all learn something
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Ounce for ounce it's not for end times. It's for good times
Keep in mind a Gold Panda no longer has 1 full once of Gold,,,,, only 30 grams.
An ounce is 31.1 grams.
@justdano .... Welcome aboard... Cheers, RickO
As nice as pure gold looks, it's way too soft. I've seen Maples that were carried around in a guy's pocket and the were chewed up and looked horrible. Eagles are the way to go. Way more durable.
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If you're stacking for days BEFORE the end.....
The Eagle is a "non reportable" sale coin.
It's also eligible for IRA inclusion. Even if that's a bad choice.
Oh yeah....you also don't have to count the nines to get a price on what you have.
FWIW, while the sale does not require any "special" reporting, the income from the sale does require inclusion on your income tax forms. As a "collectible" (all precious metals) profits are taxed at the 28% rate.
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Yes, we all know that. I had a coin shop and I can't tell you how many of my customers used to bug me annually for 1099s on their AGE sales.
It's the end of times and you're worried about filing taxes?
Knowledge is the enemy of fear
Even dead people have to file one final return. End of times is a poor reason to stack. End of dollar times is a different story. LOL
Give Me Liberty or Give Me Debt
For the end of times you should stack watch batteries.
"Dead people" do not file taxes, that's supposed to be handled by someone else. The deceased as such, is not liable for non tax filing and is unlikely to end up behind bars.
That reminds me of a quiz: "A passenger jet crashes on the American Canadian border. On what side are the survivors buried on.
Survivors aren’t buried.
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why?
'Merica!
while the worst case scenario will come up due to the governments idiocy, trust will be found in the 'Merican products.
Neither. Krugerrands!!!
Dave
I personally like Maple Leafs over Eagles. You get pure gold at a lower premium.
I'd rather go buffs, but leafs are a better value.
however, stacking for the worst case scenario has me thinking usa products will be better than others.
Stacking precious metals is for a SHTF of demise of the dollar as the currency of choice scenario.
For a end times scenario you probably want to stack MREs, a good water filter, cigarettes, dried beans, soap, etc.
it's crackers to slip a rozzer the dropsy in snide
Eagles are widely recognized and easily traded. Maples have tax issues. Bullion is not limited in mintage.
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_ Maples have tax issues._
What tax issues do Maples have that Eagles do not?
I knew it would happen.
All Bullion traded within Canada is non taxable.
all around collector of many fine things
good question. Other than sales tax (varies from state to state and type bullion) and income tax on gain from a sale, what other taxes are there? None that I know of.
However, some quantity purchases do require the buyer/dealer to file reporting forms (1099B) at the time of the purchase. Some buyers do like to remain anonymous. Let's not confuse this issue with tax issues other than the 1099B brings your sale to the dealer to the IRS's attention. Result: show the income from the sale on your tax return.
Edited to add:
I did find this requirement for dealers to report purchases, but the info is four years old.
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https://help.cbp.gov/app/answers/detail/a_id/322/kw/gold bullion imports/