Gold coins vs. gold bars

Comments

• TwoSides2aCoin Posts: 44,697 ✭✭✭✭✭

  March 19, 2010 8:36PM

  Bars are a hedge against inflation. Coins are collected by date or series. That's all I can think that separates the two, besides shape and size, which ultimately matter.

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• csw Posts: 432 ✭

  March 19, 2010 8:39PM

  Easy.
  Circles good. Rectangles bad.

  
  
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• dtkk49a Posts: 2,490 ✭✭✭

  March 19, 2010 9:05PM

  Coins are harder to counterfeit.
  Coins have added numismatic value

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• PerryHall Posts: 47,055 ✭✭✭✭✭

  March 19, 2010 9:07PM

  Ask this question on the Precious Metals Forum and you"ll probably get a lot of good responses. Some of those guys collect bars of various designs and manufacturers and are quite knowledgeable on this subject.

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• BillJones Posts: 35,009 ✭✭✭✭✭

  March 19, 2010 10:10PM

  Coins are more liquid and easier to sell. A gold bar might need to be tested before some one will buy it. All one has to do with a coin is be able to tell than it's genuine, and you are all set to sell it.
  
  If I wanted a big position in gold, I'd rate coins WAY AHEAD of gold bars.
  
  Plus to a collector coins are FAR MORE interesting.

  Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?

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• ricko Posts: 98,724 ✭✭✭✭✭

  March 19, 2010 10:25PM

  I believe (I could be wrong - however that would be unusual ) that coins are more readily liquidated than bar stock. Cheers, RickO

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• gsa1fan Posts: 5,566 ✭✭✭

  March 19, 2010 10:35PM

  The name brand bars are selling quite high these days.

  Avid collector of GSA's.
  

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• CaptHenway Posts: 33,056 ✭✭✭✭✭

  March 19, 2010 10:41PM

  For years it was illegal to trade in gold bars in the United States, but legal to trade in U.S. $20's or Mexican 50 Pesos or Austrian 100 Coronas or other bullion coins. Thus, we have a cultural disposition towards coins rather than bars. This affects the supply/demand factor in this country.
  
  Other countries did not have a gold ban.
  
  TD

  Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Author "The Enigmatic Lincoln Cents of 1922," due out late 2025.

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• derryb Posts: 37,966 ✭✭✭✭✭

  March 19, 2010 11:31PM

  Fabrication costs are higher for coins. Also, the smaller the item the higher the percentage premium. The other factor is demand.

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• RedTiger Posts: 5,608 ✭

  March 20, 2010 1:28AM

  For classic gold coins, the big telemarketing firms have driven much of the demand. Premiums used to be much lower on the old gold coins before there was a gold sponsor on every major talk radio show. Some of the telemarketing customers are paying 2x to 4x what collectors buying from more reputable dealers are paying.
  

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• johnny9434 Posts: 29,748 ✭✭✭✭✭

  March 20, 2010 1:34AM

  I prefer the coins but then again just to cover inflation and all the other stuff, I'd say maybe both. It dont hurt

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• Steve27 Posts: 13,275 ✭✭✭

  March 20, 2010 2:14AM

  Counterfeiting comes with higher penalties than fraud.

  "It's far easier to fight for principles, than to live up to them." Adlai Stevenson

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• Griv Posts: 2,804 ✭

  March 21, 2010 1:36AM

  Gold coins can be liquidated at virtually any pawn shop, coin shop or even many jewelry stores.
  
  They are more flexible in terms of size and US Eagles are guaranteed by the US Government (okay, so is Social Security and we know where that's going) and less likely to be fraudulent.
  
  Gold coins are NEVER worth less than the price of gold but gold coins are often worth much more.
  
  Gold bars don't fit in PCGS holders.

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• slipgate Posts: 2,301 ✭✭

  March 21, 2010 1:41AM

  There is virtually no difference in price between bullion gold coins and bullion gold bars. Last I checked, GAEs were selling for $1162, Pandas for $1147, and swiss bars for $1137. $15-$25 is not much of a difference in that amount.
  
  Are you referring to Proofs or perhaps Collectible gold like Saints compared to bars? Can you site an example?

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• Griv Posts: 2,804 ✭

  March 21, 2010 1:50AM

  I think most who have collected and/or sold US Eagles over the last 10 or more years would agree that properly marketed, coins out price bars.
  

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