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Replies: 61 / Views: 8,815 |
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New Member
United States
44 Posts |
Hello guys and girls,
i finally can buy a full 1 oz coin, I know big deal, but it's a big deal for me! For investment purposes and resale purposes,which 1oz gold coin would be a smart choice? Thanks for any feedback!
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Pillar of the Community
Canada
4911 Posts |
I would do a Canadian gold maple.
Feel free to call me Will.
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Pillar of the Community
Canada
2019 Posts |
Your going to get so toasted by some on here "investment purposes and resale purposes".
But anyways, you really should buy what your own country sells to start off , so a Gold Buffalo or a gold Eagle.
I live in Canada , I bought gold maples.
If you can afford multiples then you might want to buy other ones from other countries just for some variety.
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New Member
 United States
44 Posts |
Oh, toasted for asking investment and resale question? Ok, I didn't realize that was bad! My money, so I just wanted some feedback. If I do get toasted at least I can delete my membership for asking a question on a forum.....Cause that is not allowed.
Thanks for answering my question too!
Edited by sandwich5027 02/20/2015 11:46 am
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Pillar of the Community
Canada
2019 Posts |
Lol dont get so defensive, Its not a bad question but some on here are dead against calling Gold/silver an "investment" I was just cautioning you for some posts that may follow.
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New Member
 United States
44 Posts |
No it's fine, I'm annoyed that people would get upset about that question....Not you!
Anyway, so some say gold is not an investment? What do they refer to it as? Currency? Doom factor outlook? Just wondering..I'm new at this stuff.
Edited by sandwich5027 02/20/2015 11:55 am
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Pillar of the Community
United States
1512 Posts |
Hi Sandwich5027!  ! I am with you in calling purchasing bullion coins an investment. What else would it be. You are trading cash for a less liquid asset, the trade off for the decrease of liquidity being the potential for greater returns. The added benefit of receiving personal pleasure (hobby factor) out of owning a chunk of shiny metal is just gravy on top for me! BTW, you should look at picking up a Gold Mexico Libertad!
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Pillar of the Community
United States
5855 Posts |
Bullion coins from the U.S. (Gold Eagle) and Canada (Gold Maple Leaf) are probably the easiest to resell due to how well known and trusted they are. You pay a significant premium to purchase them, however, and you may not get that premium back when you decide to resell. I've heard some people claim that they know of dealers who will pay the premium if you try to sell American Gold Eagles or Canadian Gold Maple Leafs to them, but I've never met one of those dealers and the ones I have met ignore the premium and just offer a percentage of whatever the current spot value is regardless of what type of coin. Just something to keep in mind.
Coins from other countries, such as the South African Gold Krugerrand or the Mexican Gold 50 Pesos have a much lower premium, but you may have a little more difficulty when trying to resell them if the buyer is not familiar with them. Same goes for 1 ounce gold bullion bars -- low premium, but not as much trust.
If you are absolutely convinced that gold is going to skyrocket in value at some point in future, the premium you pay for an American Gold Eagle or a Canadian Gold Maple Leaf probably won't matter in the long run. Otherwise, getting a coin with a lesser bullion may be the safest route. I don't know what gold will do in the future (and nobody else does either, really), so I decided to purchase some of each.
Of course, if you're interested in the history and beauty of coins, you might also want to consider a historic gold coin like the $20 Saint Gauden's Double Eagle. They carry a hefty premium (which you'll likely never get back), but they are truly beautiful coins and it's well worth owning one if you plan on holding onto it.
Good luck!
Edited by barryg 02/20/2015 12:22 pm
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Valued Member
United States
110 Posts |
What about this Louis Armstrong gold coin minted from the US treasury ( http://www.bulliontradingllc.com/lo...-coin.html)? It is technically a US medallion. I saw one at my local coin store with a much lower premium than the maple leaf and gold eagle.
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Valued Member
United States
174 Posts |
i prefer fractionals, even at a premium. I like the 1/10 ounce American Gold Eagles or old US Gold coins. Just be sure to buy from reputable seller. Sitting on something for 4-20 years to find out when you try to cash it in that it's fake would be upsetting.
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Valued Member
United States
110 Posts |
Quote:What about this Louis Armstrong gold coin minted from the US treasury ( http://www.bulliontradingllc.com/lo...-coin.html)? It is technically a US medallion. I saw one at my local coin store with a much lower premium than the maple leaf and gold eagle. I guess another question I have on this is why does the Gold Eagle have a much steeper premium than the Louis Armstrong? I get that Jazz is that popular. I'm no fan either.
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Pillar of the Community
613 Posts |
@sandwich5027,For sure pick up your Gold from: JM BullionProvidentmetals APMEX Silvertowne Go to each or one of the their Web Sites,check out the prices and buy direct from them. You will get real pure gold that way. As far as which one a Maple but as said above by members you have other coin options out there to pick from. I think u will have to spent around 1,200-1,250 for a Coin. Hands down I would buy Silver. Few Silver PF70 Slabs and Silver MS70 Slabs along with Silver Rounds,Coins and Bars. Gold like Silver is still on the 3 year path of downtrend,think hard as I think you have and be ready to hold most likely as both Metals are suck going down most all the time. Buy and average down. I average Silver down and glad I do. O have your favorite sandwich when you are buying,a happy memory may be needed in retrospect.Take Care
Edited by Silverworld11 02/20/2015 1:27 pm
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New Member
United States
36 Posts |
Hands down I would buy Silver. Few Silver PF70 Slabs and Silver MS70 Slabs
-----what coins and why slabs?
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New Member
 United States
44 Posts |
So silver? It just seems that the potential profit on silver coins is too low even when getting a good deal. Like APMEX has a silver eagle for 20 an oz. It would take forever for silver to hit $20 oz. Then need to pass that to make any money. What am I missing?
Edited by sandwich5027 02/20/2015 2:22 pm
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Pillar of the Community
613 Posts |
@grinx76,here is what I picked up last month,I do not want to list all Coins,Rounds and Bars I pick up. I do pick up others.
Why Slabs well only MS70 or PF70 slabs,they are nice to look at under a X,they hold value pretty well or go up in value over the years. I just plain want them.
Each Round is in a BCW Vinyl Flip-No PVC-
1-1oz 2015 Canada Maple Bullion Round 7-1oz 2014 Mexican Libertad Round 8-1oz 2014 Scottsdale Reserve Round 8-1oz Silvertowne Poker Chip/Stack-able Round 2-1oz Armenian Noah's Ark MS-70 NGC
How it breaks down for me as a Stacker:
2 Pounds Silver Bullion Cake with 2 MS-70 on Top
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Pillar of the Community
613 Posts |
@sandwich5027,the name of the game for most is long time,some do sell short and make fiat it can be done. You have to be into the market price action,reports and good World News,along with past price movement around these reports,ect.
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Replies: 61 / Views: 8,815 |