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Why are premiums and buy prices lower on Gold Maple Leafs?

GazesGazes Posts: 2,315 ✭✭✭✭✭
in Precious Metals
It seems that when I buy maple leafs are cheaper and when I sell I get less from them (which is consistent). Just wondering why this is compared to other gold coins?

Comments

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,293 ✭✭✭✭✭
    No idea as to why the cost for buying is more, and why when I sell them, I get less.



    I think it has something to do with that phenomena : "If you want to make a million dollars with coins, you have to start with two million ".
  • BarndogBarndog Posts: 20,492 ✭✭✭✭✭
    same reason why AGE have a little higher premium on buy and sell?
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  • Jinx86Jinx86 Posts: 3,710 ✭✭✭✭✭
    Because my customers ask for AGE's. I like to inform them on how much more they can get if they do maples. They still buy AGE's.
  • ebaytraderebaytrader Posts: 3,312 ✭✭✭
    Because of reporting requirements for 25+ pieces dealer tend to steer retail buyers away in bigger deals. The same with KRands. Less demand equals lower premium.
  • PokermandudePokermandude Posts: 2,713 ✭✭✭
    Looking at the mintage figures, since 2011 it looks like there has been more demand for 1 oz gold maples than 1 oz gold eagles. I can't seem to find the 2014 figure anywhere for 1 oz gold maples.

    1 oz Gold Maple mintages:
    http://www.free-bullion-investment-guide.com/gold_maple_leaf.html

    2008....710,718
    2009....1,011,235
    2010....1,036,832
    2011....1,107,974
    2012....712,193
    2013....1,050,564
    2014 ?

    1 oz Gold Eagle mintages:
    https://en.wikipedia.org/wiki/American_gold_eagle

    2008 710,000
    2009 1,493,000
    2010 1,125,000
    2011 857,000
    2012 675,000
    2013 758,500
    2014 425,000
    http://stores.ebay.ca/Mattscoin - Canadian coins, World Coins, Silver, Gold, Coin lots, Modern Mint Products & Collections
  • derrybderryb Posts: 36,823 ✭✭✭✭✭
    demand

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭
    The stupid number of nines.
  • tneigtneig Posts: 1,505 ✭✭✭
    I like them and their lower premium and think they are well recognized in the market.

    For a personal sale later on, Maples or AGEs, I'd expect the price to be spot. So I'd count on spot or the rarity value to be higher to make up for it.
    So if the buy premium is lower when buying the Maples, I'm tickled.
    COA
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    Originally posted by: ebaytrader

    Because of reporting requirements for 25+ pieces dealer tend to steer retail buyers away in bigger deals. The same with KRands. Less demand equals lower premium.






    According to that source, there's only a 24 hr reporting req for a 1099B sale. You could sell 20 gold Maples every month and not have to file a 1099B.



    Reporting requirements
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
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