What is the better buy?

cohodk · July 8, 2014 2:20AM

$10 Libs containing .48 oz of gold for $688, or 1/2 oz AGE for $714?

92vette · July 8, 2014 2:46AM

Would depend on the condition of the libs and the dates on the $25 AGE's.

tneig · July 8, 2014 2:48AM

AGE

bronco2078 · July 8, 2014 2:53AM

Libs always take the old over the modern dreck . Premiums are low on the $10's but if gold drops I bet the premium goes up.

Townes · July 8, 2014 3:32AM

If it's a wash, I'd rather hold old Numi US gold from the 1800's early 1900's, history!

guitarwes · July 8, 2014 3:43AM

IMO at those prices, the Libs.

bestmr · July 8, 2014 3:49AM

If I could find a nice $10 liberty or indian for that price or around $700, I'd go with that over the AGE anyday.

cohodk · July 8, 2014 3:57AM

<< If I could find a nice $10 liberty or indian for that price or around $700, I'd go with that over the AGE anyday. >>

APMEX has AU's at about $710. Same price as a 1/2 oz AGE.

92vette · July 8, 2014 4:03AM

2014 $25 AGE, at the rate it's selling from the mint, could finish low enough to develop a small premium.

johnny9434 · July 8, 2014 4:11AM

age

Timbuk3 · July 8, 2014 4:17AM

Lib !!!

cohodk · July 8, 2014 6:02AM

I went with the Libs from my local guy at Apmex prices. I can hold these in my hand. Smell them. Lick them...yuck!! You get the point though...dont have to worry getting a tiny nick or confiscation.

Got a bunch of $2.50 Libs and Indians for less premium than 1/10 oz AGE. Plus im a coin guy more than a bullion guy. Would rather enjoy the history.

guitarwes · July 8, 2014 6:08AM

Great choice. Nice lookin' group of gold coin, the best of both worlds.

mariner67 · July 8, 2014 7:12AM

OK gold stackers..cohodk is now buying…that is my buy signal!

cohodk · July 8, 2014 7:26AM

Cohodk has been nibbling for a year. Hasnt made a penny.

Interesting that its almost an even split between the preference of old gold vs new gold.

LukeMarshall · July 8, 2014 7:39AM

Old checking in...

derryb · July 8, 2014 9:32AM

Which one would your buyer down the road feel more confident buying? As a buyer it's less likely I'd end up with a counterfeit AGE. For that reason I'd buy the AGE. Resell should always be a consideration when purchasing bullion.

TwoSides2aCoin · July 8, 2014 9:47AM

<< $10 Libs containing .48 oz of gold for $688, or 1/2 oz AGE for $714? >>

Depends on the grade and the date, sir.

TwoSides2aCoin · July 8, 2014 9:50AM

<< I went with the Libs from my local guy at Apmex prices. I can hold these in my hand. Smell them. Lick them...yuck!! You get the point though...dont have to worry getting a tiny nick or confiscation.

Got a bunch of $2.50 Libs and Indians for less premium than 1/10 oz AGE. Plus im a coin guy more than a bullion guy. Would rather enjoy the history.

>>

Oh, in this case, you did better because if you went to an online distributor, the chance of getting that AGE "key" is slim and none. Your numismatic gold is just good old money.

VanHalen · July 8, 2014 2:05PM

All else being equal the Libs would be my preference too.

PeacePeople · July 8, 2014 2:47PM

If the dollars per ounce spent are equal, why would you buy the one they can and will make more of tomorrow?

ricko · July 8, 2014 11:13PM

As a stacker, I would take the AGE.... Cheers, RickO

cohodk · July 8, 2014 11:17PM

<< As a stacker, I would take the AGE.... Cheers, RickO >>

Why? What's the difference between 5 rolls ofi 10 Libs and 5 rolls of 1/2 oz AGE, especially if cost per ounce is the same?

DrBuster · July 8, 2014 11:40PM

I thought I replied last night but it didn't go through. I'd take the libs at that price in a heartbeat over the AGEs, history in your hands. Nice buy coho.

jmski52 · July 9, 2014 3:13AM

Nice looking Libs. I always go with the AGEs.

reddwing · July 9, 2014 6:45AM

My only concern is this. How do you know if they are not counterfeit?

s4ny · July 9, 2014 7:35AM

Lean towards the Libs.

derryb · July 9, 2014 8:14AM

<< 2014 $25 AGE, at the rate it's selling from the mint, could finish low enough to develop a small premium. >>

Enough to make up for the initial premium (current mint price is $845)?

92vette · July 9, 2014 10:19AM

<< 

<< 2014 $25 AGE, at the rate it's selling from the mint, could finish low enough to develop a small premium. >>

Enough to make up for the initial premium (current mint price is $845)? >>

I was actually referring to the bullion AGE at roughly the price codokh quoted. It could end up one of the lower mintages of the bullion uncs in the series.

cohodk · July 9, 2014 11:01AM

<< My only concern is this. How do you know if they are not counterfeit? >>

Education. Aren't the fake AGEs out there?

Anyway, most counterfeits are usually at least 18k. Most I've encountered have been 80-85% gold which is only 5-10% different from the real deal.

Btw-- I have no problem with fakes... They melt all the same

cohodk · July 9, 2014 11:02AM

Jmski, why AGE? What about bullion confiscation?

jmski52 · July 9, 2014 11:52AM

Jmski, why AGE? What about bullion confiscation?

Mostly personal preference, but I could make a case for slightly better liquidity, uniformity and ease of valuation. Confiscation isn't an issue in my mind because the government can attempt to confiscate anything any time they want if so motivated, and the legal precedent doesn't mean as much as some would have you believe.

Besides, the AGEs are actually recommended and sold as an investment medium into tax deferred retirement accounts now and that's a pretty clear endorsement by the government, and they are sold by the government at a premium - not just distributed as legal tender although they do have legal tender status as well.

I don't see any big disadvantages in old gold either, especially if you like the history aspect. What is the better buy? I'd say the better buy is where you find the smallest buy-sell spreads within your comfort level with regards to the seller.

dontippet · July 9, 2014 10:34PM

While I'm a bullion guy, I'd take history over a "shiny souvenir" any day.

cohodk · July 10, 2014 7:04AM

AGEs are actually recommended and sold as an investment medium into tax deferred retirement accounts now and that's a pretty clear endorsement by the government

I can understand that, but i think that would raise the hair on a die-hard conspiracist.

jmski52 · July 10, 2014 11:53AM

I can understand that, but i think that would raise the hair on a die-hard conspiracist.

Why? Just because the government endorses the idea doesn't mean it's a good idea to do it. Putting physical metal into a custodial tax-deferred account is about the dumbest idea out there. But, it might be a contestable legal point against a confiscation order.

While I'm a bullion guy, I'd take history over a "shiny souvenir" any day.

Um, I know it's not quite Civil War History, but AGEs are pushing the 30 year mark pretty soon. It's recent history, but post-1986 is history too now. For instance, the USSR dissolved and the Berlin Wall was opened - both in 1989. It's already been 25 years. Seems impossible that it's been that long, doesn't it?

What is the better buy?

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