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 Replies: 15 / Views: 1,562 |
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Pillar of the Community
Canada
3692 Posts |
I'm seeing that AGEs are .9167 pure. Are gold Buffalos .999 pure? (Not talking about the crappy infomercial buffalos.)
If so, what is the allure of AGEs, then? Wouldn't one rather have a Libertad, or Gold Maple? Or even a $20 St. Gauden's?
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Pillar of the Community
United States
3540 Posts |
If you are investing in gold, buy common date, graded (if possible), St. Gaudens for your portfolio.
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Pillar of the Community
United States
667 Posts |
I think they both have 1 oz of gold no matter what the purity is. The Maple would just be softer and more subject to dents, etc.
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Pillar of the Community
United States
3670 Posts |
Seems like they are the percentage of gold to other metals that you speak, but I think there is still 1 pure oz. of gold in the coins, and they actually weigh a bit over 31.8 grams....
I could be wrong on that, but it sure seems like the half oz. gold proof coin I traded to Pobox said that in the COA....
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Pillar of the Community
United States
3670 Posts |
That little extra metal just makes them more durable of course, and is totally unnecessary. If we carried them around in our pickets clanking with other coins an objects like in the olden days, then the extra alloys added sure comes in handy, as it has been often throughout history....
But today, we treat them like the prized possessions they are, very fragile and placed in cases and safes and what not, so 24k makes more sense....
Krugerrand you can tell have that copper in them, giving them more of an orange colored golden tone....
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Pillar of the Community
 Canada
3692 Posts |
Oops, Libertad is .900 fine.
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Pillar of the Community
 United States
5953 Posts |
What does it matter the fineness if they all have 10z of gold in them? If the additional metal is silver then are you not getting a bonus if the coin is only 0.9 fine?
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Pillar of the Community
Canada
3692 Posts |
In that case I'd like to trade you some 2K that feels very very very heavy compared to 24K of the same gold amount... There's a bit of difference, I'd think, I'm just trying to get more opinions on the matter.
We're past the stage of needing copper to strengthen our money. As for proof collectors, keeping the bullion protected anyways means we don't need that copper. Any thoughts on that?
What will people more readily accept or pay more for - the AGE or Buffalo?
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Rest in Peace
United States
9104 Posts |
Quote:
Krugerrand you can tell have that copper in them, giving them more of an orange colored golden tone.... AGE are identical to Krands, designed to take their place. Quote:
In that case I'd like to trade you some 2K that feels very very very heavy compared to 24K of the same gold amount... The same amount will mean a bar 12* as big. Still not a fair deal, because the 2k will require a lot of refining to remove the crap. Quote:
What will people more readily accept or pay more for - the AGE or Buffalo? The buffalo. Check any bullion dealer, for example: GOLD BUFFALO BID ASK 1 OZ $50 .9999 1606.00 1720.50 GOLD AMERICAN EAGLE BID ASK 1 OZ. 1606.00 1680.75 Even though they're not paying a premium, they're asking a $40 premium. |
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Pillar of the Community
United States
5953 Posts |
The only indication I have is my local coin shop which pays a $25 premium over melt for both Buffaloes and AGEs he also charges a hefty premium to sell close to $100. No Don't want to trade the 2k slug for the 24k because I already have 1oz in the 24k. I would buy the 2 k slug if it had been assayed. But not at melt as refining needs to be taken into account. But we are not talking about 2k gold We are talking about the difference between0.9 and 0.99999 From a strictly bullion stand point it does not matter to me what the purity is, as come time to sell they will all fetch the same price unless they are produced by the US mint then popularity lends a larger premium. It also means you pay more when buying. So unless I can get US Mint gold for melt I would rater by Maples or Rands as the spread is much lower. Incidently neither one carries a premium over other bullion coins in the UK where I bought my last eagle.
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Pillar of the Community
United States
9792 Posts |
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acloco: If you are investing in gold, buy common date, graded (if possible), St. Gaudens for your portfolio.  That is all you need to know, buy certified gold $10.00 and $20.00 pieces you can't go wrong, they have a gold bullion value as well as a collectible numismatic value that goes up exponentially to gold. That said I have always been able to get a good premium on Buffalo over AGE coins. "Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440 |
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Valued Member
United States
333 Posts |
bigfred, that is incorrect. Krugs are alloyed only with copper while AGEs are alloyed with silver and copper. The two are not identical.
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Pillar of the Community
United States
4008 Posts |
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bigfred, that is incorrect. Krugs are alloyed only with copper while AGEs are alloyed with silver and copper. The two are not identical. I always wondered about that. K-rands always look like copper to me while a Buffalo, AGE, or Maple all look like GOLD to me. |
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Pillar of the Community
Canada
1502 Posts |
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Krugerrand you can tell have that copper in them, giving them more of an orange colored golden tone.... also gold sovereigns, a lot more orange than maples I second Ed's opinion. The copper makes Krands and sovereigns look more like old copper pennies than gold. But, go any lower than 22k (~90%) gold with only silver in the mix, then it will look very pale. I suppose AGE's got it right, but I'm still biased towards buffalos (and maples too) |
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Pillar of the Community
United States
3670 Posts |
"also gold sovereigns, a lot more orange than maples"
I noticed that as well with those half sovs, a burnt orange color for sure. And it does makes you think of a penny. And I like you prefer a more pure gold color like the AGE proofs which has that slightly lighter and shinny appearance perhaps due to the small amounts of silver and copper....
Edited by Silverhawk74
12/27/2011 7:48 pm
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Rest in Peace
United States
9104 Posts |
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bigfred, that is incorrect. Krugs are alloyed only with copper while AGEs are alloyed with silver and copper. The two are not identical.
True, but both have identical gold purity, weights, and dimensions. |
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Replies: 15 / Views: 1,562 |
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Posted 12/26/2011 11:51 pm
