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 Replies: 9 / Views: 2,076 |
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Pillar of the Community
United States
4008 Posts |
I see that US gold eagle coins are made from 22k gold and that Canadian Maple Leaf coins are made from 99.99 pure gold. Do both of these coins weigh 1 Troy oz.? If so, then a Maple Leaf, being of higher purity, should contain more gold. In spite of this, Maple Leaf gold 1-oz. coins sell for $15-20 less than an AGE 1-oz. coin. What am I missing here?
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Pillar of the Community
United States
1450 Posts |
They both contain a troy ounce of gold,the difference is in the purity of the gold. so the Gold Eagle will weigh a bit more.
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Pillar of the Community
United States
3670 Posts |
Yes, and the 22k's are a bit more durable, same reason the Krugerrand is made at 22k.... I have been on a silver kick, but I spotted a harder to find "Peter the Great" Liberia 3/4 gram gold coin in last 2 hours today on Easter, and lucked out an got it for 41 bucks, and now I have 7 of this series. Seeing as how 1 gram gold coins go for over 100, just over 40 is not bad for 3/4 gram of pure gold.... http://cgi.ebay.com/ws/eBayISAPI.dl...TRK:MEWNX:ITEdited by Silverhawk74
04/25/2011 01:55 am
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Bedrock of the Community
United States
10982 Posts |
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Pillar of the Community
United States
3184 Posts |
Gold eagles are much more popular hence the higher premium. It weighs more than the canadian maple because its 22kt but both have a total of 1 troy oz actual gold weight
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Pillar of the Community
 United States
4008 Posts |
OK, all, thanks for the replies. I understand now. The AGEs have a little more total weight to make up for their lower gold assay. Both contain 1 Troy oz. of pure gold but the AGEs have a little silver and/or copper added to harden them so that they can stand up to the rigors of daily use... like they need to do that! Gold coins do not circulate as everyday money any more and anyone who has some protects them as if they were their 1st born!  |
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Pillar of the Community
Canada
834 Posts |
I never understood this either.
I love my Canadian maples, plus its a gold coin every country in the world trys to compete with when I comes to purity.
But still sells for less than the 22kt American
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Pillar of the Community
United States
931 Posts |
If you are investing in gold, you may consider putting a portion of your investment into historic American gold coins. With gold at this price level you can buy 1800's to 1929 22 kt American gold coins in almost uncirculated condition for just about the same premium above melt that you now pay for American bullion coins. I have personally invested in 1908 to 1929 Indian Quarter and Half Eagles. A Half Eagle contains .24 ounce of pure gold and a Quarter Eagle about .12 ounce. Not only are these beautiful and historic coins, you are protected on the downside by their numismatic value. The best way, in my opinion is to buy these coins on ebay. I would look for coins graded AU by NGC, PCGS, or ANACS. These are well respected third party grading services and they will protect you from counterfeit coins. These coins have been counterfeited and the fake coins are VERY good copies. I would expect to pay around $400 for a nice Quarter Eagle and around $500 for a nice Half Eagle. Currently I have found the 1/4 ounce Half Eagle to be the best bullion buy at current prices. I also invest in modern bullion coins and I go with the one ounce Buffalo coins as they seem to bring a little higher price due to their .9999 pure gold content and beautiful vintage design. Most of all enjoy investing. Gold may go wildly higher, or possibly turn around, but either way you have some great coins for your heirs to inherit if nothing else. Edited by junior e
04/27/2011 09:20 am
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Pillar of the Community
United States
4008 Posts |
Quote:
But still sells for less than the 22kt American - swrbxxx No problem. Just consider that as a bonus for being smart enough to buy them!  Quote:
If you are investing in gold, you may consider putting a portion of your investment into historic American gold coins. - Junior Thanks for your enlightening comments. I'm not looking to buy any gold coins right now but do want to learn all I can about them for when the times comes to buy some. Thanks for posting your info on historic US gold coins. I may well check into that at some point. |
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Rest in Peace
United States
9104 Posts |
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Both contain 1 Troy oz. of pure gold but the AGEs have a little silver and/or copper added to harden them so that they can stand up to the rigors of daily use... like they need to do that! They needed to be 22K, but for a different reason. The US banned the importation of krands, with the excuse of apartheid. Total BS, since you could bring in all the SA gold bars you wanted. The real reason was the gubmint didn't want competition with the new AGE they planned on selling a few months later. The new AGE came out, and "surprise", they were exactly the same specs as the krands so that all the krand jewelry fit perfectly. This despite the fact that US gold was normally .900, not .9167. Once the AGE got a solid footing, no one cared about apartheid anymore, and you could bring in all the krands you wanted. Why bother? |
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Replies: 9 / Views: 2,076 |
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Posted 04/25/2011 01:53 am
