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OPINIONS PLEASE : BEST TYPE OF PHYISICAL GOLD TO BUY

I wanted thoughts on the best type of Physical gold to buy. I used to believe US gold coins were the best type of gold to collect for both investment and history. Now that I have bought US gold $20's for a while Ive watched the premiums disappear on lower MS (MS-63 and lower) coins. So the question for the board is: what kind of gold do you buy for collecting and growing your wealth ? Stay the course and continue with the Saints and Liberties Or Buffalo and AGE's. Just Curious.
Thanks,
Mike

MIKE B.

Comments

  • derrybderryb Posts: 36,943 ✭✭✭✭✭

    Only Gold buffs and American Gold Eagles for me.

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • Downtown1974Downtown1974 Posts: 6,816 ✭✭✭✭✭

    Same as DerryB, I stick with AGEs and Buffalos primarily as a hedge. With AGEs, I like to mix all different sizes as well. Fractional Buffs are very expensive so I only buy 1 oz. Buffalos.
    I have some pre-33 US gold that I love not just for the gold content, but the history. Something special about holding a 100+ year old gold coin that has survived wars, economic turmoil, and natural disasters.

  • MilesWaitsMilesWaits Posts: 5,372 ✭✭✭✭✭

    I agree with the first two posters. Unless you have significant experience you best stick with the most predictable, reliable and easily disposable gold.
    Better yet for authenticity if it is graded by NGC or PCGS 69 for nearly/or the same price.

    Now riding the swell in PM's and surf.
  • GTOsterGTOster Posts: 862 ✭✭✭

    Same as above SAE and GAE
    Paul

  • blitzdudeblitzdude Posts: 5,961 ✭✭✭✭✭

    Gold eagles, maples, and krugs. pre-33 (any denomination XF or better) at spot or below

    The whole worlds off its rocker, buy Gold™.
    BOOMIN!™

  • derrybderryb Posts: 36,943 ✭✭✭✭✭
    edited September 30, 2019 5:01PM

    When the price is right I will also buy the American Art Medallion series gold produced by the US Mint prior to starting the gold eagle series in 1986. The art rounds can often be had for a very decent price because of their lack of popularity.

    A limited series for those who seek to collect a nice set.

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • MsMorrisineMsMorrisine Posts: 33,240 ✭✭✭✭✭

    american art medallions are hard to get rid of

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • Jinx86Jinx86 Posts: 3,710 ✭✭✭✭✭

    Ask the person your going to be selling to. If there is only one local buyer, know what their bid/ask premiums are on certain products. These are bound to move around depending on market, but best to know what they like to stock and are willing to pay a bit extra to get in.

  • derrybderryb Posts: 36,943 ✭✭✭✭✭

    Be sure to evaluate your "all out" cost, ie. shipping, fees, etc.

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • tincuptincup Posts: 5,187 ✭✭✭✭✭

    @MsMorrisine said:
    american art medallions are hard to get rid of

    And the earlier ones didn't even have the word gold or the amount stamped on them... so helps contribute to why it is more difficult to sell them.

    ----- kj
  • tincuptincup Posts: 5,187 ✭✭✭✭✭

    While best to stick with the standards mentioned before such as the American Gold Eagles, nothing wrong with $5 gold commems below melt... if purchased with original packages less concerns about counterfeits, and a well known and accepted purity.

    ----- kj
  • Jinx86Jinx86 Posts: 3,710 ✭✭✭✭✭

    $5 commems stack nicely too.

  • MilesWaitsMilesWaits Posts: 5,372 ✭✭✭✭✭

    So do gold spouses if you can figure out how they can get along due to unattractive spousal bickering.

    Now riding the swell in PM's and surf.
  • Mike59Mike59 Posts: 319 ✭✭✭

    Thank You everybody. There is allot of information and brain power here.

    MIKE B.

  • MsMorrisineMsMorrisine Posts: 33,240 ✭✭✭✭✭

    @Jinx86 said:
    $5 commems stack nicely too.

    @MilesWaits said:
    So do gold spouses if you can figure out how they can get along due to unattractive spousal bickering.

    you gotta do these at melt

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • Jinx86Jinx86 Posts: 3,710 ✭✭✭✭✭

    Shouldnt have too look hard either. If you have a relationship with a B&M, just ask for them at melt. Wholesale the commemns trade at 99.5% of melt. Saves them shipping and the hassle of meeting an order minimum.

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    I stack AGE's and ASE's.....I do have some old Double Eagles that I picked up years ago... and the error gold coins as well. My stacking is mainly for liquidity should the SHTF...and much of that was stacked years ago at low, low prices. Cheers, RickO

  • ARCOARCO Posts: 4,396 ✭✭✭✭✭
    edited October 1, 2019 11:16AM

    1) Gold with the lowest bid/ask over spot
    2) Gold that has the most demand
    3) Gold that can be bought or sold locally (no shipping or auction fees)
    4) Gold that gets preferential higher IRS reporting thresholds:
    Maple Leaf, Onzas, Kruggerand and US eagles & Buffalos.

    Most gold bullion choices will do well if the auction and shipping route can be eliminated.

  • tommy44tommy44 Posts: 2,291 ✭✭✭✭✭

    Considering today's low or no premium I vote for.....

    1) pre-1933 classic US $5, $10 and $20
    2) modern $5 commemoratives
    3) British Sovereigns , Swiss 20 Francs France 20 Francs

    but what do I know

    it's crackers to slip a rozzer the dropsy in snide

  • davidkdavidk Posts: 275 ✭✭✭

    American Gold Eagle, Canadian Maple Leaf, British Sovereign, pre-1933 Saint Gaudens and Liberty...all at the lowest premium over spot that you can find while still in great condition.

  • Mike59Mike59 Posts: 319 ✭✭✭

    Jinx86 Posts: 3,306 ✭✭✭✭✭
    Shouldn't have too look hard either. If you have a relationship with a B&M

    What is a B&M?

    MIKE B.

  • maplemanmapleman Posts: 1,052 ✭✭✭✭✭

    GML OZS but be prepared for lower returns consistent with their lower premiums on over the counter sales.
    I buy AGE AND AGB for
    Short term plays.
    Best of luck to you.

  • Mike59Mike59 Posts: 319 ✭✭✭

    TY Downtown1974. I buy most of my PM for LCS. Last week I bought a $20 Liberty in MS-61 for $8 over melt. I thought that was pretty good.

    MIKE B.

  • Jinx86Jinx86 Posts: 3,710 ✭✭✭✭✭

    @Mike59 said:
    TY Downtown1974. I buy most of my PM for LCS. Last week I bought a $20 Liberty in MS-61 for $8 over melt. I thought that was pretty good.

    Was it 8 over melt or spot? This can get tricky sometimes when working with numis gold as they contain .9675oz of actual gold.

  • jmski52jmski52 Posts: 22,899 ✭✭✭✭✭

    For stacking purposes - mostly AGEs of each size and Gold Buffs, but I've added some Sovereigns & Maples at different stops along the way.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • ShadyDaveShadyDave Posts: 2,201 ✭✭✭✭✭

    @tommy44 said:
    Considering today's low or no premium I vote for.....

    1) pre-1933 classic US $5, $10 and $20
    2) modern $5 commemoratives
    3) British Sovereigns , Swiss 20 Francs France 20 Francs

    but what do I know

    This is my strategy. I buy a lot of $2.5s so i look for anything slabbed close to spot.

    I use to be able to buy Swiss/French 20 francs under melt on eBay before they started charging me 6.35% tax... so I’ve been buying them on forums for spot since then.

  • HemisphericalHemispherical Posts: 9,370 ✭✭✭✭✭

    AGEs and ASEs; and a dabble here and there of the main bullion coin from other countries mints.

  • rawteam1rawteam1 Posts: 2,472 ✭✭✭
    edited October 1, 2019 5:08PM

    Buy everything you see in this picture...

    ...

    keceph `anah
  • dan_marinellidan_marinelli Posts: 195 ✭✭✭

    I have pre33 gold, some slabbed some not, US Mint bullion age and commems, some first spouse, and foreign, mostly Mexican, Canadian $10 from their vault, some south Africa. I like it all and if shtf I have different sizes to bribe the guards, and if it doesn't my kids will have a nice time or maybe I will.

    Successful transactions here and ATS with: jwitten, Rob41281, bajjerfan, cucamongacoin, Jim F., physics-fan3.14, x2rider, Wahoo554, Weather11am, Relaxn, jimineez1, Ronyahski, Bliggity, SurfinxHI, McGrump (thru BAJJERFAN), ms71, Downtown1974, ad4400

  • PerryHallPerryHall Posts: 46,234 ✭✭✭✭✭
    edited October 2, 2019 4:17PM

    I have some AGE's and Buffalo's and numerous pre-1933 US gold coins. I also have a few miscellaneous gold coins---foreign gold coins, First Spouse, US gold commemorates, etc. One thing I don't buy are those one ounce gold bars from the various bullion companies because they are being heavily counterfeited.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • Mike59Mike59 Posts: 319 ✭✭✭

    @Jinx86 said Was it 8 over melt or spot? This can get tricky sometimes when working with numis gold as they contain .9675oz of actual gold.
    I pulled out the reciept for the $20 gold (my date was off ) Last week I bought a PCGS AU55 Indian $10 but here are the numbers.
    Gold closed at $1528 on 08-29-19 (not sure of the price when I saked LCS for the coin)
    I paid $1480 for PCGS graded MS-61 1907-S. Do you think i did good ?

    Last week 09-19-19 gold closed at $1501
    1911 $10 Indian PCGS AU-55
    Paid $760 but I wanted a $10 indian ( its my first ) lol

    I think my LCS is very fair with me. What do you think?

    Thank You all for my tutition free education !

    MIKE B.

  • MsMorrisineMsMorrisine Posts: 33,240 ✭✭✭✭✭

    a double eagle has 0.9675 toz of gold

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • morgansforevermorgansforever Posts: 8,461 ✭✭✭✭✭

    AGE'S or 1 oz. bars in sealed blister packs, both of these options are easy to liquidate, jmo.

    World coins FSHO Hundreds of successful BST transactions U.S. coins FSHO
  • PreTurbPreTurb Posts: 1,193 ✭✭✭

    AGE's in PCGS-69 via Tulving (well, 14 years ago, that is).

  • BillDugan1959BillDugan1959 Posts: 3,821 ✭✭✭✭✭

    Question here: I own AGEs and Buffalos. I can kind of see where gold 1 gram and 2 gram "bars" might be useful in a genuine SHTF hyperinflation. Has anybody ever bought one of those thin 50 gram gold bars where it is divided in 50 one gram sections? Kind of a Swiss or German product. If purchased, this would go into my last ditch, insurance holdings, not really anticipating liquidation in my normal lifetime. Anybody have such a thing or have any idea what "brand name" is best?

  • PerryHallPerryHall Posts: 46,234 ✭✭✭✭✭

    @BillDugan1959 said:
    Question here: I own AGEs and Buffalos. I can kind of see where gold 1 gram and 2 gram "bars" might be useful in a genuine SHTF hyperinflation. Has anybody ever bought one of those thin 50 gram gold bars where it is divided in 50 one gram sections? Kind of a Swiss or German product. If purchased, this would go into my last ditch, insurance holdings, not really anticipating liquidation in my normal lifetime. Anybody have such a thing or have any idea what "brand name" is best?

    Valcambi Bars.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • RonBRonB Posts: 636 ✭✭✭✭✭

    These are kinda cool.
    Pamp multigram assay sheets.
    Each bar is 2.5 g in an assay card you can snap off as needed.. Each row a different metal.
    Au
    Pt
    Pd
    Ag


    Collector of Classic US Coins
  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭

    I had zero marketability for bars :s of any sort in the shop.
    Wholesaled all.

  • derrybderryb Posts: 36,943 ✭✭✭✭✭

    among us mint gold, the spouses probably give you the biggest bang for the buck.

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • Jinx86Jinx86 Posts: 3,710 ✭✭✭✭✭

    @topstuf said:
    I had zero marketability for bars :s of any sort in the shop.
    Wholesaled all.

    Pretty decent demand now a days. Cheaper premium than Eagles or Maples so tend to sell more bars than Gov Rounds for the moment. Some of the less common weights are neat to keep around if you can hedge the ounces, stuff like 10 Tola(3.75ozt), 50 gram, 25 gram, 100 gram, or any baht weights.

  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭

    @derryb said:
    among us mint gold, the spouses probably give you the biggest bang for the buck.

    Turnaround cost is important if anyone is stacking more than piddly amounts.
    Eagles and Buffalos are constant products in all shops.
    So too are Maples and Rands. Phillies, not so much but still in demand by the .999 crowd.

  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭

    @Jinx86 said:

    @topstuf said:
    I had zero marketability for bars :s of any sort in the shop.
    Wholesaled all.

    Pretty decent demand now a days. Cheaper premium than Eagles or Maples so tend to sell more bars than Gov Rounds for the moment. Some of the less common weights are neat to keep around if you can hedge the ounces, stuff like 10 Tola(3.75ozt), 50 gram, 25 gram, 100 gram, or any baht weights.

    That's probably true.... "nowadays." Back in my day, they were a hard sell.

  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭

    You also have the "smelter" advantage and can hedge many ways.

  • maplemanmapleman Posts: 1,052 ✭✭✭✭✭

    @topstuf said:
    I had zero marketability for bars :s of any sort in the shop.
    Wholesaled all.

    I traded 15 1 Oz bars in assay last ear to a B&M for 15 20161 Oz Maples for $10 each. IMO one of my better trades.

  • ARCOARCO Posts: 4,396 ✭✭✭✭✭
    edited October 7, 2019 6:21PM

    @rawteam1 said:
    Buy everything you see in this picture...

    ...

    I Just spit out a lung laughing. We get it Raw, you are not a bullion fan. LOL.

  • Dave99BDave99B Posts: 8,550 ✭✭✭✭✭

    1oz Krugerrands are my fav, due to the very low premium above spot.

    Dave

    Always looking for original, better date VF20-VF35 Barber quarters and halves, and a quality beer.
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