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If buying gold, what would you buy

Boothill40Boothill40 Posts: 780
in Precious Metals
Gold Eagles or Maple Leafs and why, thanks in advance---Tom
Support your local gunslinger, you never know when you'll need him

Comments

  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    Both are top of the line choices. I find AGE's are more popular and easier to liquidate.

    You just have to be careful on the premiums!
    Avid collector of GSA's.
  • gecko109gecko109 Posts: 8,231 ✭
    1/4 oz AGE's are what im transitioning to. I like the better durability of the .916 gold as opposed to .999. I also think the size is perfect as far as not being too small, yet easily divisible. The final factor is that they are "bare" coins. That is to say, maples come in those mylar pouches to deter scratching. It really becomes a bulky and cumbersome entity though once you have accumulated 50-100 of these pouched coins. I like the feel of gold, not mylar. Just my observations.
  • WeissWeiss Posts: 9,942 ✭✭✭✭✭
    Agree with Gecko for all he said. I'd add liquidity, low(er) premium.
    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame
  • Boothill40Boothill40 Posts: 780
    Thanks for your perspectives on this, my local B&M is selling AGE's or Maples for spot + $45.00 is that the going price or should I keep looking for a better price.
    Support your local gunslinger, you never know when you'll need him
  • HalfStrikeHalfStrike Posts: 2,202 ✭✭✭
    The 2010 gold maple leaf with the hockey player is a great coin as a 1 year type coin and it is going for close to spot prices.

    image
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    I like all gold except obscure gold coins from countries like Ethiopia unless I get it for SUPER cheap because they are hard to sell and of course I dislike Chinese Pandas, I'm a traitor LOL image
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  • PerryHallPerryHall Posts: 46,846 ✭✭✭✭✭


    << <i>Gold Eagles or Maple Leafs >>



    YES!!!

    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

  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    I like fractional gold if you can get it at a decent price because here is how I look at it:

    Lets say you are in a bind and need 500 bucks.

    Well if you had 1 oz gold coin you would have to sell that whole ozer just to get the 500 bucks that you need. You sell that gold and now you don't own anymore except some cash.

    However if you had 4 1/4 ozers, you could sell 2 of them and still have 1/2 of physical gold.
    Successful Buying and Selling transactions with:

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  • PerryHallPerryHall Posts: 46,846 ✭✭✭✭✭


    << <i>I like the better durability of the .916 gold as opposed to .999. >>



    You prefer gold contaminated with copper more than pure gold?

    I'm kidding, of course.image

    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

  • WeissWeiss Posts: 9,942 ✭✭✭✭✭
    It took me owning krugerrands before I understood what people have known for thousands (well, at least hundreds) of years and what Gecko is talking about:

    Gold with a very small alloy of copper or copper/silver is simply much, much more durable than pure gold.

    Now there is a balance. American jewelry, for example, at 14k gold or roughly 58% pure is a total rip-off. There is simply no reason for that kind of watering down.

    But the fact is that krugerrands are legal tender and are, or were, made to be spent. Just as all American gold coins were originally designed to do, and every other gold coin for the last 1000 years until the 20th century.

    I understand the arguments in favor of pure gold. And I have more .999 gold than any other recipe. But there really is something to be said for having gold that can take a beating.
    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame
  • trozautrozau Posts: 3,455 ✭✭✭
    For stacking bullion gold, I prefer the Perth Mint 1 troy ounce 9999 Australia Kangaroo nuggets or Lunar series because they come in individual lucite holders and change designs annually. image

    For my collection, I keep up to date on the 1 troy ounce China Panda gold.
    trozau (troy ounce gold)
  • Boothill40Boothill40 Posts: 780
    So after reading all your thoughts on this I'm seeing that it would be better to buy a mix of 1/4/ to 1oz and not just the 1oz like I was planning. Weiss you make some good points but these will be stored and seldom handled purely investment. Now to find a place to buy I'll check some of the larger sellers for prices----Tom
    Support your local gunslinger, you never know when you'll need him
  • OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,427 ✭✭✭✭✭
    I almost exclusively purchase modern $5 and $10 US gold commemoratives and 1980-1984 American Arts Medallions (1/2 and 1 ounce).

    They're US mint issued and can be purchased at little or no premium over melt.
    NO END IN SIGHT LIB $2.50'S CAC ONLY
    https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
  • gecko109gecko109 Posts: 8,231 ✭


    << <i>So after reading all your thoughts on this I'm seeing that it would be better to buy a mix of 1/4/ to 1oz and not just the 1oz like I was planning. Weiss you make some good points but these will be stored and seldom handled purely investment. Now to find a place to buy I'll check some of the larger sellers for prices----Tom >>




    I happen to prefer the 1/4 oz size, but you take a bigger beating on the upfront premium. You might find 1oz eagles at 5% over melt (maybe even less), but quarters are 10% over on a good day and up from there, unless you can find a good deal here or there.

    Perry, I love the look of .999 fine! And much like Weiss, the VAST majority of my gold is in that form. But there is something to be said about actually touching your gold, and I wouldnt dream of handling a maple leaf or panda raw except with kid gloves. Im able to stack a pile of AGE's though and hold a bunch in my hand at one time with no fear of scratching the hell out of them. Just an observation.
  • ocon4008ocon4008 Posts: 1,703
    US gold coins; the dirtier the better.image
  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭
    Buy American gold.

    Coin's for sale/trade.


    Tom Pilitowski
    US Rare Coin Investments
    800-624-1870

  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    $45 over spot on one ounce is a good price. I try to buy mine between $40-50 but always want to pay as little a premium as possible!
    Avid collector of GSA's.
  • PerryHallPerryHall Posts: 46,846 ✭✭✭✭✭


    << <i>Gold Eagles or Maple Leafs and why, thanks in advance---Tom >>



    Why didn't you include Gold Buffalo's as an option?

    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

  • AnkurJAnkurJ Posts: 11,370 ✭✭✭✭


    << <i>US gold coins; the dirtier the better.image >>




    image I like the older gold coins myself.
    All coins kept in bank vaults.
    PCGS Registries
    Box of 20
    SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
  • illini420illini420 Posts: 11,467 ✭✭✭✭✭
    Buy the lower mintage First Spouse gold coins for as close to melt as you can. Much more interesting and have much more potential for long-term numismatic appreciation than the boring gold eagle bullion coins. The Washington and the Adams can regularly be found for near melt prices, but occasionally you can find the lower mintage coins that came after for melt as well.

    Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448

  • Boothill40Boothill40 Posts: 780


    << <i>

    << <i>Gold Eagles or Maple Leafs and why, thanks in advance---Tom >>



    Why didn't you include Gold Buffalo's as an option? >>



    Good question, they just slipped my mind so one more option added thanks
    Support your local gunslinger, you never know when you'll need him
  • PerryHallPerryHall Posts: 46,846 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>Gold Eagles or Maple Leafs and why, thanks in advance---Tom >>



    Why didn't you include Gold Buffalo's as an option? >>



    Good question, they just slipped my mind so one more option added thanks >>



    Are the premiums over melt for the buffalos comparable to the AGE's?


    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

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