Why are premiums and buy prices lower on Gold Maple Leafs?
Gazes
Posts: 2,315 ✭✭✭✭✭
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?
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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 ".
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
"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
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.
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