Psykadelic - 24k Gold Coins In The US Mint In 2006?

Yes, The U.S. is going to compete with the rest of the nations that offer 24k gold coins. At this time, it appears, the 2006 gold offerings will be the reproduction of the classic Buffalo nickel! It will be offered in 1/10 ounce, 1/4 ounce, 1/2 ounce and a full ounce coin. I do believe, personally, the Mint decided to go with the Indian/Buffalo design in an effort to give the mint staff another year to come up with a new design for the new coins. If nothing changes, the Indian/Buffalo 24K gold coins should be one of the biggest hits the mint has EVER produced. Guess we will find out soon as 2006 is rapidly approaching.

yes, but did the mint make an article about this? do you have a link

This is imo a case of too little too late
Everybody and his uncle does 9999 ( four nines )
The canadian mint does 99999 ( five nines )

http://www.taxfreegold.co.uk/canadi...uregold.html

the term 24 K gold in europe is reserved to indicate goldplated stuff

I for one would not be willing to pay over melt since the gold maple leaf at 9999 goes for melt where I live

The mint will ONLY sell proof versions of the coins if they hold to normal practices, such as their dealings with the 22K gold eagles at this time. They will carry a high premium I am sure. I will wait until the first of the year and have my dealer order them for me in Unc. Will keep you posted as I haven't seen anything in print for quite some time now (months). The orginal story concerning the 24K pure gold bullion coins was carried in all the major numismatic publications. Should hear more soon, I would think? I would say we all had better plan on buying from a dealer as I can just about guarantee you the Unc. bullion will not be sold directly from the mint.

quote:

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Originally posted by catman

ageka

I would think you would be willing to pay over melt for any .999 fine silver or 24K gold coin you wanted. Melt price for silver is for one 5000 oz bar. I'm not sure what it is for gold but buying a single, minted coin, at the spot price seems like asking for too much.

catman

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I live in europe this means silver is not an investment but a consumers product carrying between 16 and 21 % value added tax
in whatever form it comes depending on the country you live in

For gold however withing certain conditions I pay no tax and a spread of only 3 % around spot for SINGLE coins including 1 ounce leafs and half ounce leafs
In fact I get following prices with one euro added on buying and one euro subtracted on selling without tax
Do not look at old US gold they only buy ( all prices in euro )
I seem to remember to qualify for tax exemption it needs to be legal tender or has been legal tender in the past , it has to have at least 900/1000 purity and no numismatic value greater then 60% over melt and it needs to be post 1700 ? I think


http://www.gold4ex.be/servlet/javap...or_new&lg=nl

What I'm hearing folks is that gold and silver, regardless of form, can be bought/sold in about any country one goes to. This ability has a value all by itself.

catman

I seem to remember the US mint was going to make 9999
that is four nine coins
Big deal
24 carat means pure gold and normally refers to goldplating over here
Because even 99999 ( five nines ) got copper or silver inpurity which you can avoid by goldplating electrochemically

Catman, would you mind answering my above question? Ageka seems to think that if its 24K gold in the US it is not SOLID gold. Is this true for the US mint? And did the mint annouce they were going to produce these coins on their website? I searched and couldnt find any thing about it.