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 Replies: 34 / Views: 10,854 |
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Pillar of the Community
United States
2734 Posts |
One of the best reasons to keep the Krugerrand:
If you want/need to sell a bit of gold in the future, you can sell the Krug first.
It's modern bullion, and you wouldn't miss it like you would pre-33 U.S. gold.
That's what bullion is for: something you can sell when you want/need to,
with none of the possible "remorse" of selling numismatic collectibles,
or even gold-standard-era common-date U.S./world gold.
Edited by DNA
02/23/2012 5:17 pm
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Pillar of the Community
 United States
2424 Posts |
that is a great idea too.
sell the krugg for as much as I can. then buy the date gold
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Pillar of the Community
United States
759 Posts |
SD...if your intent is to own dated US gold, you like Saints and wouldn't mind the small potential conversion loss, then by all means, go for a Saint. I'm working on a gold type set and have a Saint, but I also have a Krug. To me, there is no comparison. The Saint is mesmerizing. The Krug is an interesting, substantial bullion coin, but nothing special beyond the gold content. The Saint has enduring character. If I ever have to part with any of the types I currently have, she will be the last, the Krug first. I'm kind of getting the feeling you won't regret owning your first St. Gaudens double eagle. Good luck.
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Pillar of the Community
United States
2424 Posts |
haha thanks Onebowl
yea, the way I see it, I bought my krug for $1100 if I do sell or trade it, I dont feel I will be losing anything. and I have found site where a Saint is cheaper than a krug, even though your getting less gold (.03 oz) its well worth it. I figure if I sell my krugg for AT LEAST $1800 I can find a decent saint for around the same give or take a few bucks
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Pillar of the Community
United States
2424 Posts |
quick question: I want to sell my Krug, what do you think is a fair price? i see ebay is around $1850ish |
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Pillar of the Community
Canada
3692 Posts |
SDcoinguy: How is a Saint more liquid than a Krugeraand? I'd like to know. I'm curious because I tend to think of .9999 as more liquid than numismatic stuff. My reason being that .9999 is not an alloy, and that you would need to first find a collector to sell it to, meaning you'll get a lower price for it if you sell it to a dealer as opposed to a collector? Am I making sense?
Edited by Libertad
02/23/2012 9:53 pm
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Pillar of the Community
United States
2424 Posts |
n my opinion, I would think saints would be more liquid based on their populairty and numismatic importance, eye appeal, etc..? I'm probably wrong on this one....
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Pillar of the Community
United States
931 Posts |
If you sell it on ebay, the fees will knock you back. One thing not to do. Don't list your Krug on Craigslist. Gold coins on Craiglist just draw scammers and thieves out of the woodwork. There is a Buy/Sell/Trade section on Kitco's Forum that has actual buyers who respond, and it's free to list. Someone may swap you there. Good Luck! |
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Pillar of the Community
United States
4008 Posts |
A Krug does have a bit more gold in it than a Saint but Krugs are not .999. They are 22k or 91.67% pure gold. Not sure of the purity of the Saints but they contain 0.96xx oz. instead of 1.0 oz.
Considering that the gold / silver ratio is in the area of 50 to 1, I would trade the Krug for ASEs and / or Maples. If that ratio falls to 25 to 1 in the next couple of years, you could then trade those silver coins for 2 1-oz. gold coins. Yeah, that is a big IF but thanks to industrial consumption and declining silver mine production, it's a real possibility.
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Pillar of the Community
Canada
3692 Posts |
I forgot about Krugs not being .9999... that makes sense now. I was thinking about the liquidity of .9999 bars and rounds.
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Rest in Peace
United States
9104 Posts |
Quote:
I have found some websites that offer $20 saints at mS61 for virtually the SAME price as a 1oz Krug You're not the only person who'd rather have a Saint from his own country than a strictly bullion coin from the other side of the world. The content is not that different, just 0.0325 oz. |
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Rest in Peace
United States
9104 Posts |
Quote:
Would you agree that there would be some instances where people would trade outside that spead? Say a common date worn example? If you're looking for potential numismatic value, the last thing you want is well circulated gold. |
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Pillar of the Community
United States
3670 Posts |
St. Gauden is .9675 like Ed said, the most pure of all the old coins, hence being more liquid....
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Valued Member
United States
194 Posts |
Liberty Heads are also 0.9675, right?
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Pillar of the Community
United States
759 Posts |
I would rate both as being equally liquid in the overall market, but with differing premiums to bullion value. You may find some individuals that still shy away from Krugs due to lingering political views, or some that just plain prefer Saints, etc., but both are gold (just of differing purities) and extremely liquid. As for the Krug price...retail, melt plus a few percent, wholesale, melt less a few percent. ebay is your best source for retail prices on Saints. |
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Replies: 34 / Views: 10,854 |
First Page
Posted 02/23/2012 7:35 pm
