A or B question

sbeverly · February 10, 2019 2:00PM

I haven't been here in quite some time. It's nice to see many of the names here that I remember from before.

My question...I have a customer that wants to pay me in bullion.

The payment is 4 ounces of gold.

My choice... (A) a quantity of 3-- 1 oz Krugs and 10 one tenth oz eagles. or...(B) A quantity of 25--5 gram Pamp suisse bars sequential serial numbers.

I ultimately want to monetize the bullion. Which would you choose and why?

bronco2078 · February 10, 2019 3:34PM

coins not bars

TomB · February 10, 2019 4:17PM

Coins.

Pokermandude · February 10, 2019 4:19PM

5 gram bars. I prefer pure gold, and fractionals carry a premium, I loathe 1 oz Krugerrands. Almost impossible to sell except to melt.

meluaufeet · February 10, 2019 4:39PM

When you buy 25, 5 gram pamps, you should have the plastic box with matching serial number sticker on top. I would only take the pamps in the box and if you want to sell small quantities at a time. If not I would take the coins.

blitzdude · February 10, 2019 5:11PM

coins, much more liquid. Many many fake bars, most people don't want to deal with them.

ricko · February 10, 2019 5:19PM

I would recommend the coins...normally more liquidity than bars. Cheers, RickO

AUandAG · February 10, 2019 6:15PM

You have a way to see that it is what it is supposed to be? You can test it?

bob

blackhorse360 · February 10, 2019 6:38PM

Coins for sure!

VanHalen · February 10, 2019 8:05PM

If you are confident in yourself as a buyer and comfortable that your customer is reliable then I would go with the bars.

As noted above you should get a box of 25 bars in their assay cards like this example: bullionexchanges.com/box-of-25-5-gram-gold-bar-pamp-suisse-lady-fortuna-veriscan-in-assay

rte592 · February 10, 2019 8:46PM

I would prefer the coins.
Both would be easily liquidated if you dont mind splitting them up.

cohodk · February 10, 2019 8:57PM

@sbeverly said

I ultimately want to monetize the bullion. Which would you choose and why?

C. If this is your intent then just tell him you want Cash. Why fuss with all the added BS? Make life easier.

thefinn · February 10, 2019 9:32PM

Coins. I've seen too many PAMP bars in packages that are fakes.

bumanchu · February 10, 2019 10:54PM

@cohodk said:

@sbeverly said

I ultimately want to monetize the bullion. Which would you choose and why?

C. If this is your intent then just tell him you want Cash. Why fuss with all the added BS? Make life easier.

Agreed. However, we do not know enough...maybe this person is cash poor and doesn't want to take an ~5% hit on converting it to cash themselves. Just sayin'.

sbeverly · February 11, 2019 3:54AM

Thanks to everyone for their response. It looks like the majority likes the coins for liquidity.

Hemispherical · February 11, 2019 5:29AM

Late to the party.

I know it was not an option in the OP, but coins and cash is another option to consider.

Coins because they are more liquid and can be sold via more than one channel. The cash because... hard cash cannot be beat and will help to prove how sincere the seller is in the transaction.

Two cents worth of opinion.

Downtown1974 · February 11, 2019 5:38AM

Of the two options, I’d go with the bars. Normally I would go with the coins, but you lost me at Krugerrand.

mapleman · February 11, 2019 6:41AM

Buyer should be able to convert the bars to certified check. Then buy what you like. If buyer is nearby, cash is king.

Just MHO. BTW gold is down $8+ this AM typical smack down.

asheland · February 11, 2019 10:17AM

I'd do the coins, especially with those fractional eagles in the mix!

GRANDAM · February 11, 2019 4:51PM

Do you have a Precious Metals Verifier?

I would want to check either opition before accepting it. Lots of fakes out there,,,,,,

sbeverly · February 14, 2019 9:16AM

My customer decided to pay me in US currency.

I didn't have any concerns as to the authenticity of the metal. I've known him as well as the dealer from whom he purchased the gold from, for many years.

I want to thank everyone for their response.

Baley · February 14, 2019 9:31AM

Ah, good ole cash!

Had a customer who offered to pay me with my choice of ground nutmeg or cotton yarn,

But we also ended up using money instead. Small world!

sbeverly · February 14, 2019 10:45AM

I heard a cotton yarn once, but I prefer other stories.

jmski52 · February 15, 2019 6:36AM

As much as it pains me to agree with cohodk, I'd have the customer do the legwork and take the risk to convert to cash first, unless he's willing to pay you 5% to 6% to accomplish the conversion.

Of course, everything depends on how badly you, and he - both want to do the deal.

cohodk · February 15, 2019 11:36AM

@jmski52 said:
As much as it pains me to agree with cohodk,

Ill send you a supply of Advil.

A or B question

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