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 Replies: 12 / Views: 3,157 |
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Valued Member
United States
284 Posts |
Is there a preferred purity for gold bullion collectors and investors? Mexican Pesos are 0.900, American Eagles are 0.9167, and Canadian Maples are 0.999. Which should one get? My concern is getting a certain content of gold but not being able to get the basic value of out it because the purity or coin is not as desirable. Mexican Pesos seem to be the best value but they have a lower purity compared to Canadian Maples which have a premium. If I get the premium back when I sell the coin then what value does it have? Does the premium paid help the bullion coin sell faster? Would an American Eagle with quantity X of gold sell faster than an Austrian Ducat with the same quantity X of gold? I know the actual gold content is different between the two coins but if they were the same then how would that play out? Then again, I may be overthinking this as I do with most things in life.  -- Boris |
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Valued Member
United States
312 Posts |
Different people have their preferences, but I'd say go for the American Eagle just because it's the most traded of the group in the US. At those levels of purity, purity is not really a factor. The Eagle might have a higher premium, but in selling it you should be able to get a premium as well. Some people do prefer bars so that they do not have to buy w/ much of a premium, but when they sell they will not get as much out of it either.
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Valued Member
United States
384 Posts |
Good question, I was wondering about something along the same line. How much premium is there for going from 0.75 to 0.9 to 0.999?
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Pillar of the Community
United States
3184 Posts |
get what you like! I do think that pesos, eagles and maples are nice so get all three then :)
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Valued Member
Ireland
131 Posts |
Premiums are affected by more than just purity alone I'm afraid. Popularity/desirability (of which location is a part), scarcity (mintage and/or age), precious metal content (fractionals often carry a higher premium than ounce coins) are all factors in what premium a type of gold coin or bar might carry.
In terms of liquidity in Canada Maples would probably be the most easily sold, in America it would be AGE's whilst in the UK Sovereigns would be more easily identifiable to the general populace.
Norm
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Pillar of the Community
United States
4008 Posts |
Gold purity is pretty much up to the buyer. Basically, what appeals to you? I find the color of 24-caret coins to be more attractive than the lower purity levels but that is just my personal preference. Someone else could easily prefer something different.
These days, the popular coins contain the same amounts of gold, regardless of purity. A 24k 1-oz. Maple Leaf coin has the same 1-oz. weight of gold as a 22k 1-oz. AGE coin. Remember... the 1-oz. weight is the weight of the gold, not the coin itself.
In the US, the premium for the AGEs is a little higher than for Maple Leafs or Krugerrands. It would not surprise me to find that this was different in other countries.
I find the design of the AGEs to be excellent so would prefer to buy them in spite of their 22k purity.
A lower purity gold coin will be harder than a purer gold coin but since gold is so valuable these days, people who have them tend to protect them from the usual nicks and scrapes that handling can cause. Those plastic coin capsules are inexpensive and work well. They protect the coin while allowing it to be handled and viewed.
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Valued Member
 United States
284 Posts |
So, basically, I can't go wrong with any decent gold coin. Is that true? AGE, Pesos, Maples, etc.
-- Boris
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Pillar of the Community
United States
3670 Posts |
CC, you and I think alike, as I just discovered the Mexican Peso's recently, also noticing their price is nice and low, esp the 1945 2.5 peso, which correct me if I am wrong here folks, but it has 2.1 gram of gold, even though it is a 2.5 gram coin with the other metals mixed in, which makes it 90%, curious is that 22k? Even the 5 peso goes for the amount of an Eagle for example, and it has 4.2 grams of the pure stuff, where as the Eagle is like 3.18, and CURIOUS, is that total weight, or just the gold content, in the Eagles? I found the 2.5 on ebay going for 110 to 115, lowest, in the mentioned above. I have not even come close to pulling the trigger on one yet even though I did toss out a low bid, but thinking about getting one down the road... http://cgi.ebay.com/ws/eBayISAPI.dl...:MESINDXX:ITAll my gold thus far has been 24k, but hey look at 90% gold like 90% silver eh. May not bring the highest prices later, but hey don't cost as much to acquire.... The 2 peso has 1.66 grams of gold, and they can be found for say 75 to 80 bucks, another great way to buy small gold coins at decent premium IMO. Here is one below at 102, a bit higher as it is a nice coin and buy it nows are always a bit more 99% of then time.... http://cgi.ebay.com/ws/eBayISAPI.dl...:MESINDXX:ITStill planning to get an Eagle next, via 1 10 oz.... Edited by Silverhawk74
05/11/2011 10:05 pm
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Bedrock of the Community
United States
10982 Posts |
Quote:
So, basically, I can't go wrong with any decent gold coin. Is that true? AGE, Pesos, Maples, etc. -- Boris
Well that can depend on your goals. I would select an AGE first, then a Maple Leaf and the Peso last. In the U.S. that is the general order for market desirability and thus saleability. |
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Pillar of the Community
United States
3670 Posts |
Good call B1964, the peso may be gold, but the desire and market for it will not be as great. But the coin guy in me loves that 1945 peso, it just looks great IMO, and I would be lucky to own one IMO. If gold ever hits 5000 an oz., perhaps these coins would become much more logical to own....
I figure, and correct me if I am wrong, but a simple 1/10th an oz. gold Eagle would command about 600 dollars in a world where gold is 5000 an oz., would it not, or somewhere in that range if not way more for rare dates, proofs, etc.?
Edited by Silverhawk74
05/11/2011 10:03 pm
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Pillar of the Community
Canada
3692 Posts |
I would say it depends on how much you're going to touch it. If you're locking it up for your grandkids, go with .99999. If you're going to circulate it, go with .900. If you're going to wear it, go with 10, 12, or 14k. The weaker purities are stronger and won't flake away with wear. If you can get rarities or pieces of art in .999+ then you're on the money.
Put it this way, if you had a large assortment of everything, which would you sell first if you had to? So collect the stuff with which you know you would never part.
^^^Purely an opinion. Don't go dumping your bank account over what I say.
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Pillar of the Community
United States
931 Posts |
You can buy an American Buffalo (.9999) for the same price as a Gold American Eagle from many bullion dealers. I remember not too long ago the Buffaloes traded at a slightly higher premium from many bullion dealers but that seems to have changed.
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Pillar of the Community
United States
648 Posts |
Canadian Maple(my other favorite is the gold Buffalo)
Edited by tripncoins
05/14/2011 10:54 am
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Replies: 12 / Views: 3,157 |
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Posted 05/11/2011 4:26 pm
