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Why Do People Pick Gold Eagles Over Gold Maples

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poboxw's Avatar
Canada
1502 Posts
 Posted 08/24/2012  12:38 am  Show Profile   Bookmark this reply Add poboxw to your friends list Get a Link to this Reply

Quote:
pay more for 22kt gold coin

To my understanding there is still 1 full oz (or whatever fraction) in the 22kt gold coin as there is gold in GML's 9999. If anything, you're getting more "stuff" with the 22kt as it will be heavier with the added copper.

That said, I prefer the intricate, natural, unassuming design of the maple over the AGE. But again, I'm biased as a Canadian.
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basebal21's Avatar
13014 Posts
 Posted 08/24/2012  12:42 am  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
TJB well said about the ability for people to know what it is. Thats also why I think eagles are a better buy than silver bars or rounds for silver. Yes there are some companies that make great bars that are exactly what they say, but if you ever needed it the average person isn't going to know who englehard is, but if its from the mint theyll more than likely take it.

I definitely think there is a difference between stacking to make money and stacking in case you ever need it. I like to combine the two when buying pms. If I am going to buy I like to buy things that I could use as easy as possible if I ever needed it
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CoinHunter53562's Avatar
United States
2049 Posts
 Posted 08/24/2012  07:45 am  Show Profile   Bookmark this reply Add CoinHunter53562 to your friends list Get a Link to this Reply

Quote:
I can understand picking the coin based on looks.

But lets be real here, this is a precious metals section of the board and when it comes to actual metal content it boggles my mind that anyone would pay more for 22kt gold coin than for a .9999 gold coin. It's like skipping past a nice mercedes and buying a ford.


Each has 1 oz of gold, so I do not get your analogy of skipping past a Mercedes and buying a Ford. That's a terrible analogy. While I can understand you wanting to support your home country's government issued bullion, to suggest an American Gold Eagle as being that much inferior to a Maple is not accurate at all. I could understand if you were comparing a silver one ounce generic bar or round with the "Happy Reitrement" or "Merry Christmas" motif being compared to a Silver Eagle or Silver Maple.
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rggoodie's Avatar
United States
23516 Posts
 Posted 08/24/2012  08:06 am  Show Profile   Bookmark this reply Add rggoodie to your friends list Get a Link to this Reply
If you want looks and value try
The Australian Gold Nugget. This is a gold bullion coin minted by the Perth Mint. The coins have been minted in denominations of 1/20 oz, 1/10 oz, 1/4 oz, 1/2 oz, 1 oz, 2 oz, 10 oz, and 1 kg of 24 carat gold.
This makes them affordable and good looking
rggoodie
aka Richard
"catch em doing something right"
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GoThunder's Avatar
United States
830 Posts
 Posted 08/24/2012  10:20 am  Show Profile   Bookmark this reply Add GoThunder to your friends list Get a Link to this Reply

Quote:
+ Gold Maples are .9999 pure gold while Eagles are 22KT gold


I see that as an advantage for the Eagles IMHO. I prefer a harder to scratch/ding coin, for that same reason I don't buy proofs or the buffalo coin.

As mentioned by many already, both have the same amount of actual gold, the eagles weight more to make up for the added alloys.
Edited by GoThunder
08/24/2012 10:42 am
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IndianGoldEagle's Avatar
United States
36745 Posts
 Posted 08/24/2012  10:27 am  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
In the USA, when selling back to dealers you recover some of the premium paid above spot when bought, Maples are usually bought at spot or a little less. AGE's also have advantages when it comes to taxes.
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starbuxinvestor's Avatar
United Kingdom
616 Posts
 Posted 08/24/2012  10:29 am  Show Profile   Bookmark this reply Add starbuxinvestor to your friends list Get a Link to this Reply
If you wamt an Amercian 24KT coin there is the American Buffalo but I would prefer 22KT Eagle so I don't have to be as concerned when handling.
Edited by starbuxinvestor
08/24/2012 10:45 am
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GerrodH's Avatar
United States
89 Posts
 Posted 08/24/2012  11:40 am  Show Profile   Bookmark this reply Add GerrodH to your friends list Get a Link to this Reply
I think a lot is because of design. Most Americans would prefer to not have Elton John all over their coins.
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United States
759 Posts
 Posted 08/24/2012  12:40 pm  Show Profile   Bookmark this reply Add OneBowl to your friends list Get a Link to this Reply
Gerrod,
I was trying to think of a way to diplomatically make the same point you did. No way I could beat your effort!
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jeffrose's Avatar
United States
1432 Posts
 Posted 08/24/2012  1:23 pm  Show Profile   Bookmark this reply Add jeffrose to your friends list Get a Link to this Reply

Quote:
22-Karat (91.67% gold, 3% silver, 5.33% copper)


Once you own 33 Eagles you will also own an additional ounce of silver.
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Libertad's Avatar
Canada
3692 Posts
 Posted 08/24/2012  1:45 pm  Show Profile   Bookmark this reply Add Libertad to your friends list Get a Link to this Reply
National preference aside, I do believe there is an economical reason.

To coin something that has an alloy is an extra process, with more diligence involved with regards to assayage. I do not believe this is the case with four-nines-fine. My reason for saying that is that the RCMint is an innovator, and the cost of their innovation just instantly comes with all of their inventory as a standard that is cheaper to produce because they do it constantly. The RCMint is heavily invested in four-nines-fine and that would make it cheaper to make as opposed to other mints who would need to start from scratch (equipment and supplies).

Another reason I think AGEs are more readily accepted is the same for Krugerands, that is, that they are designed to be circulated and accepted as a standard for payment. The copper protects it from being "held" and it's encouraged for it to move around between individuals. Fine bullion is held and not moved around too much. The RCMint produces big bars to buy, does the USMint do the same?

Chime in if I'm wrong because I have no proof of my presumptions.

With regards to the Ford/Mercedes analogy: I would prefer a strong truck to an expensive death trap any day of the year. It's all about preference, there is no "best" car - that is the very essence of our freedom of movement.
Edited by Libertad
08/24/2012 1:50 pm
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oih82w8's Avatar
United States
7840 Posts
 Posted 08/24/2012  2:19 pm  Show Profile   Bookmark this reply Add oih82w8 to your friends list Get a Link to this Reply
Quote swrbxxx: It's like skipping past a nice mercedes and buying a ford.

#1 I don't skip
#2 I would rather buy a Ford than a Mercedes any day of the week and twice on Sunday
#3 I am an American and I collect American coins. Big "A"!
Edited by oih82w8
08/24/2012 2:37 pm
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coincollect1's Avatar
Canada
1731 Posts
 Posted 08/24/2012  3:37 pm  Show Profile   Bookmark this reply Add coincollect1 to your friends list Get a Link to this Reply
I vote maple leaf rather than the american eagle. I like the looks of the maple leaf over the eagle. Also I'm Canadian and I can easily get them, and I rarely see an american gold eagle.
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coinwatch's Avatar
United States
808 Posts
 Posted 08/24/2012  3:54 pm  Show Profile   Bookmark this reply Add coinwatch to your friends list Get a Link to this Reply
Yeah, I too have a problem with the .9999 gold to Mercedes comparison.

As mentioned earlier, there are very practical reasons for not going with .9999 gold, the number one issue being durability. In an uncertain world, ASEs and Krugs are gold coins that are built to last. Much like the excellent Benz W124 was 20+ years ago.

Do not misunderstand me, though. American Buffaloes and Canadian Maples are both excellent and beautiful pure gold coins. However, the great care required to adequately maintain .9999 gold is going to be seen by some as a long term liability. Much like the last modern Mercedes I drove. In both cases, I decided that durability beats vanity any day.

That's just my opinion, though. Your opinion, and mileage, may vary.
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Ed_B's Avatar
United States
4008 Posts
 Posted 08/24/2012  6:00 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply
I would be fine with buying either one. As a bullion collector, I am looking for nice looking coins in fine or better condition. I prefer BU for newer coins but F, VF, XF, and AU condition is also good. Locally, I hardly ever see a Maple of any kind for sale. If I want them, I pretty much have to buy from an on-line vendor. The design is a little more attractive with the AGE. The Walking Liberty half dollar is one of my favorite coins and the ASE / AGE obverse is similar. Maples may have a little less fancy design but they are also a bit cheaper. I do like the fact that the AGE is not pure gold and is therefore more resistant to handling mistakes. Either would likely be stores in an air-tight, though, so maybe this is fine either way.

While I do not have any gold yet, I do have about an equal number of ASEs and silver Maples. No ethnocentricity here!
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