Would A 1g American Eagle Gold Coin Work?
Kudbegud
Posts: 4,735 ✭✭✭✭✭
Canada has introduced a 1g (1/31 ounce) maple leaf in a set of 25. “The Royal Canadian Mint always strives to innovate and diversify its products to offer customers new ways to own high-quality precious metals which set new standards for the global bullion industry,” World Mint News Blog Article
I know Canada can over produce numismatic products to the point of pure gimmickry. All the "collector" denominations and special issues (Superman) similar to the Pert Mint.
Would this idea fly here in the U.S. as an affordable way to own gold? Or is the 1/10th ounce small enough?
I know Canada can over produce numismatic products to the point of pure gimmickry. All the "collector" denominations and special issues (Superman) similar to the Pert Mint.
Would this idea fly here in the U.S. as an affordable way to own gold? Or is the 1/10th ounce small enough?
0
Comments
-Paul
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
Lunar it next.
Liberty: Parent of Science & Industry
GrandAm
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
<< <i>Such tiny coins must have a really big mark-up over melt value. No thanks. >>
Per the thread in the PM forum, Goldmart was advertising $4/gram over spot.
<< <i>
<< <i>Such tiny coins must have a really big mark-up over melt value. No thanks. >>
Per the thread in the PM forum, Goldmart was advertising $4/gram over spot. >>
That's a little over 10% over melt.
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
<< <i>
<< <i>
<< <i>Such tiny coins must have a really big mark-up over melt value. No thanks. >>
Per the thread in the PM forum, Goldmart was advertising $4/gram over spot. >>
That's a little over 10% over melt. >>
is that $4/gram for a single gram, and does it include shipping? or is it the price when you buy 25 at a time?
how is anybody gonna make any money as a middle man without breaking them down and selling for more than +10%?
Liberty: Parent of Science & Industry
<< <i>At 8mm per coin, they are too small. It's too bad they don't package their 1/4 ounces in a 4 pack similar to this with assay and better packaging. >>
That size is similar to many California fractional gold coins. I'm guessing this size is aimed at the low income investor that wants some gold in their holdings.
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
Well, just Love coins, period.
<< <i>The Royal Mint is now making and selling a 1/40 oz Britannia in proof! Yikes.... >>
Coins like these are paper thin and light weight. I'd be afraid that I would be looking at a pile of these coins and then sneeze.
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