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 Replies: 12 / Views: 1,643 |
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Pillar of the Community
United States
759 Posts |
And why?
Assume near zero interest in the collectible nature of the item, rather the objective is the gold content and item will be liquidated someday in the US, perhaps reducing the appeal of many foreign items.
What do you think? Cleaned/polished half and quarter eagles like Provident sells, or Krugs, or what?
Thanks for the opinions.
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Pillar of the Community
United States
808 Posts |
The major online dealers run specials on fractionals from time to time. APMEX in particular is good about offering deep commission discounts on both 1/2 t oz gold maples and 1/2 t oz AGE's once every other month or so. Both are highly recognized coins here in North America. 1/2 t oz Krugerrands would be good, too. Broad household name recognition would likely offset any future isolationist/protectionist sentiment. Gold is gold, however. I don't think you'd have too much trouble with any of major government minted bullion as long as your buyer was at least reasonable familiar with the coin market. |
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Pillar of the Community
United States
3670 Posts |
My favorite half oz. proof, via the Canadian 1997 Raven bringer of light coin and this is the only one on ebay and another like it sold for over 1400 a few months back I had on my wishlist.... I realize now why I like it so. The face on it reminds me of the face of the golden idol Indiana Jones swaps out with the bag of sand in the very beginning of "Raiders of the lost ark".... http://www.ebay.com/itm/1997-CANADA...em1e67e8f2a3Even though the commemorative gold coins, via the liberty 1986 or the Olympic versions like the 1988 I recently had, or the Jamestown version seem to have the best price, as far as closet to spot price.... Again they are like .24875 seems like if memory serves me right.... Edited by Silverhawk74
08/05/2012 11:31 pm
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Pillar of the Community
United States
1450 Posts |
I would say older Kruggerands would be best. There is a much lower premium on them compared to more recent/popular gold coins. They already have an international reputation,and a distinctive look. You can sometimes pick up some ugly duckling Krugs that are a bit beat up but still solid coins for melt(or a very small premium).
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Pillar of the Community
United States
808 Posts |
Hawk makes a good suggestion regarding gold commemorative coins. There are lots of fallen out of favor US commemorative 90% gold coins out there selling for minimal commissions above spot price. We're talking old Olympic and historical commemoratives that, for whatever reason, have been consigned to the bulk bin. Typically these coins are $5.00USD denominated and weigh in just under a 1/4 t oz each.
Again, an educated coin buyer would have no problem striking a deal for these gold coins.
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Valued Member
Canada
442 Posts |
For some reason, APMEX sells the Perth Mint 10 gram gold bars for about 15 dollars less than every other gold bar. They're pretty nice, plus come with a assay card. Also heard the Mexican peso's are a good buy with low premiums. |
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Pillar of the Community
United States
4008 Posts |
I agree that the Krugs and the Pesos are probably the best gold coin buys right now. Bars and rounds may be just a bit cheaper than these but not much. The 50 Peso gold coins can be had for about $12 over spot right now and the Krugs about $19 over spot. Bars can be had for about $10-15 over spot. There are some pretty good bargains out there right now.  |
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Pillar of the Community
United States
808 Posts |
Quote:
right now and the Krugs about $19 over spot That's a crazy amazing deal, Ed! When I checked earlier in the week, Provident was asking a solid $60 commission on their 1/2 t oz Krugs. For that kind of price I'm ready to buy a little Au myself! |
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Pillar of the Community
 United States
759 Posts |
Thanks everybody for the opinions. I need to set up a spreadsheet of all the recommendations, include classic US quarter and half eagles and track for a bit. APMEX and Provident will be 2 of the vendors. Ed...where did you get your pricing from? Seems like I should include that vendor too. Thanks, again! |
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Pillar of the Community
Canada
598 Posts |
Quote:
... was asking a solid $60 commission on their 1/2 t oz Krugs.
coinwatch Half ounce Krugerrands are not as common as full ounce or tenth ounce Krugerrands... hence the higher premium. See what an ebay search yields for Half Krugerrands, as opposed to tenths or a full ounce... |
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Bedrock of the Community
United States
36770 Posts |
Since I'm in the USA I like the AGE's the best. Easy to sell and always get a premium over melt value. My second choice is the $5 and $10 Liberty's. A little more on the premium side, but nice to hold these old 100+ year old gold coins.
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Pillar of the Community
United States
808 Posts |
@IBG - I know! That's why I was so surprised at the excellent price. Actually, after rereading Ed's post, I'm pretty certain now that he was talking about 1 t oz Krugerrands and not the fractional coins the OP was asking about. Still, it's hard to beat the value of those 1 oz Krugs!  |
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Pillar of the Community
United States
4008 Posts |
Quote:
That's a crazy amazing deal, Ed! It sure is, CW, and it is likely to be one of short duration. Quote:
Ed...where did you get your pricing from? That was from a special deal at GoldMart. No doubt this is a limited time offer. |
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Replies: 12 / Views: 1,643 |
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Posted 08/05/2012 11:26 pm
