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 Replies: 24 / Views: 10,807 |
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Pillar of the Community
Canada
598 Posts |
Quote:
... 1oz gold is found in 2oz of 50% (14K) or 1oz of .9999 gold. Unless, ofcourse your 14K gold is 50% gold and 50 Platinum...
poboxw Actually 14kt gold is more than 50% gold... 14 over 24 gives you .583 fine, but it is typically denoted .585 fine. 12kt would be more accurately 50% gold... 12 over 24. Quote:
... bullion bars not being made out of 24K+ gold because it is too soft to handle etc....
Indian1 Bullion bars ARE made out of 24kt gold... they are .999 fine or better. They ARE soft, and they are handled. I know my above post was lengthly, but if you give it a minute to dwell, it should clarify your concerns over 24kt and .999whatever purity. And gold bullion is soft and pure gold... it is NOT alloyed to harden it. It's just that no one can call gold 100% pure, because some extravagant and expensive device is out there that can detect the most miniscule impurity. For that matter, anything on earth would be difficult to prove as pure... toxins in parts ber billion (ppb) can be detected in water samples. Bullion at .999 fine is only parts per thousand. That's all I got...  |
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Pillar of the Community
United States
2408 Posts |
I didn't think quality or mintage would have a great impact on bullion. Proof collector coins maybe, or silver bullion maybe more? [slightly off topic] Speaking of gold bullion, I just looked at the current auctions on ebay -- $50 1oz (spot dropped by $24 is at $1583 today http://www.monex.com/liveprices).1980 $1595 1984 $1696 ! 1984 $1625 1997 $1609 Buyer: Average sale price = $1631 (auctions still on for a few more hours). Average shipping = $15 Out of pocket = $1646 Seller: Estimated ebay fees @9% = $150 Estimated PayPal fees @2.9% = $48 Take home = $1433 More fees if using ebay shipping, possible insertion fees, extra pictures, bold, and all the other gimmicks. Why sell bullion on ebay? here : http://bullion.nwtmint.com/gold_mapleleaf.phpBuyer pays $1644.00 Seller gets $1576.00 With the ridiculous buyer protection and PayPal chargebacks selling on ebay makes no sense to me. Buyers can get a fair deal on Auction Style. So no wonder there are so few of them. I am not an expert in bullion/gold -- did I miss anything? Maybe my calculations are wrong? |
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Pillar of the Community
 United States
3640 Posts |
I think that some info that I got many, many years ago just stuck with me all these years. So I accepted it as set in stone. Every thing makes sense that was mentioned here. I just looked up the differences on the gold american eagles and the gold buffalo's. The buff's are always described as .9999 and the eagles are sometimes described as .999 when in fact they are 22K. You can see the possible confusion right there. And the mis-info I had in my mind all these years about the bullion bars (i.e.: fort knox type) was that indeed an alloy was added to slightly harden them for handling etc.,etc.,etc. So now I know :) As far as the maple leafs it sounds like a better deal anyway. Don't get me wrong, I'm an American and I love their coins but I am also of French Canadian heritage and I like the Maple Leafs too. If it's just for the gold then bars are the way to go. Wish I could remember years back where I saw or read about the bullion bars and their purity etc. If I do, I will track down the authors etc. and   Film at 11:00 |
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Pillar of the Community
Canada
598 Posts |
Yeah! You got it. The .999 or better coins/bars/bullion also have a tax/duty/tarriff advantage if importing gold/silver... depending on where you live, these charges can be significantly lower on pure gold/silver, than on alloyed gold/silver. I don't run the world(yet), but pure gold and silver is not taxed as much as alloyed gold and silver. The Buffalo was meant to compete with the Maple Leaf, to take advantage of this lower tax rate... then of course other countries have their three nines or better competing gold coins/bullion. Prior, most gold bullion coins were indeed 22kt... Krugerrand, Eagles, et al. Krugerrands alloyed with copper to harden them; they did expect to circulate somewhat. Eagles with silver/copper (< can't find my ref to verify rite now), but now gold is not expected to circulate and as pure as pure need be is... bullion.  Edited by IBGolden
07/06/2012 7:51 pm
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Pillar of the Community
Canada
567 Posts |
Just don't mix-up the Toronto Maple Leafs with the Mint's Maple Leafs. :)
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Pillar of the Community
Canada
1502 Posts |
@IBGolden: I stand corrected 12K = 50% @Canadian_coins: you are absolutely right. Makes no sense selling gold bullion on ebay. Where seller can look to at least break even with spot is with the rarer or semi-numismatic GMLs straddling the line between commemorative and bullion. These include fractional sets, hologram, colorized, privy marked, and .99999 carded GMLs. I've had good luck selling a few 1989 PF GMLs for $300-400 over spot |
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Pillar of the Community
United States
3640 Posts |
I got it  Oh, not to worry about the Toronto Maple Leafs. I know all about them.  I'm from Massachusetts. Boston Bruins you know ?  I even got to meet all the cools ones from back in the 70's right in the locker room. They had their training camp one season in my town. I was a Rink Rat back then.  |
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Pillar of the Community
Canada
598 Posts |
poboxw... check the premium on the 1/15 oz Gold Maple Leaf. Minted as a fractional gold maple leaf and thought to stay as part of the series with a $2 face value... you remember the $2 bill which turned into the twoonie coin. Well, turns out it was a one year thing, and now this bullion piece is definately collectable... worth many times spot.  |
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Pillar of the Community
Canada
1502 Posts |
Quote:
I even got to meet all the cools ones from back in the 70's right in the locker room. They had their training Awesome! I hope you took/forced/stole autographs/jerseys/sticks or something! @IBGolden: ya, the 1/15th is an odd ball eh, 94 or 95 I think was the year. I remember it was sized for the jewelry industry but failed miserably running up to 96-97. Although the premium on it is astronomical, I've never seen/hear one actually sell at the asking price. |
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Pillar of the Community
United States
3640 Posts |
Pob Actually, the best part besides a few auto's and talking with them etc. was that they had (really) 2 ea. 55 Gallon plastic barrels filled with ice cold brewskies right in the locker room. And they shared.  Wicked cool thing that happened to me was right after an exibition game with a local team I was asked to help escort Derek Sanderson out of the building and to his car from the locker room. Just me on one arm and another guy on his other arm. Wish we had vid. cam's back then. What a scene. There were dozens of screaming crazy shirt rippin Women right in our path. I just about got beaten to a pulp. Made it out though. Even my shirt got ripped open and I hit the floor once. Man, those Women are tough. Derek was a piece of work back then. All my friends thought that was so cool and even some of the Ladies too  Aahh, to be young again and again and again.  |
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Pillar of the Community
United States
3640 Posts |
Whoop's, Sorry about the CAM
different kind meant there.
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Pillar of the Community
Canada
1502 Posts |
haha~ I guess hockey wife-wanna-bees can be vicious.
Simply awesome your story.
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Pillar of the Community
United States
3640 Posts |
I know this is a coin thread but I found this article. Brought back memories. Fitchburg, Ma. was where I lived. and the Wallace civic center was just a few hundred yards from my house. If you saw me back then you would of thought that the "Turk" and I were brothers. I was younger than him but taller :) My buddy worked at that peter pan restaurant at the time and told us the story. http://sportslifer.wordpress.com/20...-were-kings/ |
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New Member
Canada
7 Posts |
Here's a sample. I think mintage is somewhere around 5,000. Pretty rare stuff. Preferably one in the original packaging. I think they go for a minimum $250.00 now. @.@   |
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Pillar of the Community
Canada
663 Posts |
@Northernspear,
As a comparison, could you post a picture of a 1/25 oz or 1/25 oz beside the 1/15 oz coin? TIA
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Replies: 24 / Views: 10,807 |
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First Page
Posted 07/06/2012 6:36 pm
