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Question....10 oz of gold bars or 10 $20 Libertys?
DoubleEagle59
Posts: 8,200 ✭✭✭✭✭
Between the two groups, what is worth more........
Having ten (10) 1 ounce gold ingots,
or
Having ten (10) AU common date $20 Liberty gold coins?
Having ten (10) 1 ounce gold ingots,
or
Having ten (10) AU common date $20 Liberty gold coins?
"Gold is money, and nothing else" (JP Morgan, 1912)
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
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The US gold coin will resell easier and at a higher premium than the gold bar.
Coin holdings were safe from the last gold confiscation by Washington.
I'd choose the Libertys.
Give Me Liberty or Give Me Debt
Between the two groups, what is worth more........
Having ten (10) 1 ounce gold ingots,
or
Having ten (10) AU common date $20 Liberty gold coins?
Not even close, the Libs.
Worry is the interest you pay on a debt you may not owe.
bob
think about what you have read lately and on this forum about fake bars.....not fake Libs.
bob
You Many are housed in counterfeit slabs are correct. If you want to read about fake Libs you'll have to go to the US Coin Forum. They have been counterfeited now for several decades. Even the common dates such as the 1904 have been counterfeited. Many are now appearing in counterfeit slabs. As far as counterfeit bars, they are also a problem which is why you should buy them from one of the major bullion dealers rather than eBay or your local flea market.
Worry is the interest you pay on a debt you may not owe.
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Loose liberty's , bars are boring , they are gold sure but no one actually loves them. Good old junk gold appeals to a lot of people
Too many positive BST transactions with too many members to list.
Loose liberty's , bars are boring , they are gold sure but no one actually loves them. Good old junk gold appeals to a lot of people
I don't consider AU Liberty double eagles to be "junk gold". On the other hand, I do think that cleaned or otherwise damaged common date classic gold coins to be "junk gold" IMO. If I were buying gold bullion I would rather buy AGE's or gold buffalos than privately made gold bars.
Worry is the interest you pay on a debt you may not owe.
Loose liberty's , bars are boring , they are gold sure but no one actually loves them. Good old junk gold appeals to a lot of people
I don't consider AU Liberty double eagles to be "junk gold". On the other hand, I do think that cleaned or otherwise damaged common date classic gold coins to be "junk gold" IMO. If I were buying gold bullion I would rather buy AGE's or gold buffalos than privately made gold bars.
Some dealers consider damaged AGEs to be junk gold. Agree on the AGEs or Buffalos. Would prefer either over bars, Saints or Libs. The premium for Saints or Libs is high enough that when you start buying quantity, you are pissing away $$ that could be buying more ounces. If one is looking to flip, then who cares if it's boring or what it looks like? If you're buying keepsake/s, that's different.
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Give Me Liberty or Give Me Debt
Agree, best bang for the buck while maintaining quality is the AGE or the buffalo.
I actually prefer the buffalos over the AGE's since they are 999.9 pure gold rather than 22K gold. In many parts of the world (especially Asia), gold buyers want pure gold rather than gold that's been contaminated with copper alloy.
Worry is the interest you pay on a debt you may not owe.
Give Me Liberty or Give Me Debt
Agree, best bang for the buck while maintaining quality is the AGE or the buffalo.
I actually prefer the buffalos over the AGE's since they are 999.9 pure gold rather than 22K gold. In many parts of the world (especially Asia), gold buyers want pure gold rather than gold that's been contaminated with copper alloy.
Perry hit the nail right on the head....as stated, especially in Asia .9999 is strongly preferred over .999 gold.
The AGE is .9167
It is the "purity" they are after, not necessarily the volume. So while the buffalo and as Derry points out AGE each contain 1 oz of gold the world market outside the US goes for the .9999 Buffalos or their equivalent.
True, but don't forget the AGE also has one full ounce of pure gold. It weights a little more to compensate for the hardening alloy.
I think most of us here know this. Doesn't change the fact that it's not pure gold. At one time copper alloy served the purpose of hardening the gold when gold coins circulated as money but gold coins that are now being produced no longer circulate as money.
Worry is the interest you pay on a debt you may not owe.
True, but don't forget the AGE also has one full ounce of pure gold. It weights a little more to compensate for the hardening alloy.
I think the Mint should start striking AGEs in pure gold 0.999 fine. No real reason to be alloying them.
MY COINS FOR SALE AT https://www.pcgs.com/setregistry/collectors-showcase/other/bajjerfans-coins-sale/3876
Agree, best bang for the buck while maintaining quality is the AGE or the buffalo.
I actually prefer the buffalos over the AGE's since they are 999.9 pure gold rather than 22K gold. In many parts of the world (especially Asia), gold buyers want pure gold rather than gold that's been contaminated with copper alloy.
Perry hit the nail right on the head....as stated, especially in Asia .9999 is strongly preferred over .999 gold.
The AGE is .9167
It is the "purity" they are after, not necessarily the volume. So while the buffalo and as Derry points out AGE each contain 1 oz of gold the world market outside the US goes for the .9999 Buffalos or their equivalent.
Agree. Decision of which to own boils down to where one will be eventually selling their gold and which coin has the largest buyer market in that area. I stack both coins but expect to see greater demand for my AGEs here in the states. I do not sell outside of the US.
Give Me Liberty or Give Me Debt