Any 1oz gold collectors?

[jgottsman11]

I want to get my first oz or two or gold. Anyone recommend coins over bars, or vice versa?

I am thinking either Gold Eagles or Buffalos, or if i do bars 1 oz pamp bars

[330ci]

If you're getting an ounce or 2 for if SHTF. Might as well suck it up, pay the slight added premium for fractionals and get coins from the US, Australia or Canada as they are the most respected pieces out there with the lowest premiums. Can still find BU 1/10s for $220-230 in most of the coin groups i follow. The marginal difference over bulk oz's seems well worth it in my opinion.

My coin dealer never has a ton in stock, but I've just been snagging a 1/10 here and there when he has them. Pre 33 $2.5s when he has them @ $300 and any cool silver ounces i come across.

Personally I just like metal and the artwork on them. For $100-200 extra an ounce I'd rather have 10 different coins to look at.if you ever have to use it, beats chopping bars.

If you plan on stacking ounces though, I'd buy maples, krugerands or random Australian animals and just stick with the same type. Premiums are $50-100 less per coin over eagles and are all just as good. Last half i bought was melt +100. Which i kinda felt dumb adding it to the stack, was more of an impulse buy.

[vitalsigns]

Originally Posted by 330ci

If you plan on stacking ounces though, I'd buy maples, krugerands or random Australian animals and just stick with the same type. Premiums are $50-100 less per coin over eagles and are all just as good. Last half i bought was melt +100. Which i kinda felt dumb adding it to the stack, was more of an impulse buy.

This.

Eagles are nice, but the premium is too high.

[Moondoggy]

Coins, my preferred choice Australian animals, respected worldwide.

[emersm]

Originally Posted by Moondoggy

Coins, my preferred choice Australian animals, respected worldwide.

^^ this!

[Mifune]

Bars overs coins, bullion over sovereigns... platinum over gold.

[BLACKHORSE 6]

Originally Posted by Mifune

Bars overs coins, bullion over sovereigns... platinum over gold.

Can you expand upon that? Interested in learning.

Thanks.

[3 Putt]

I prefer coins vs. bars. I like to have a volume of one or two types (Buffalos/Brittania's) and focus on how easy it is to sell should you need to liquidate. A lot of people forget that you will sell one day...buy coins that are in demand to simply the process. The American Gold Eagle is the most popular gold coin in the world. It carries a higher premium vs. many others mentioned, but some of this is recovered when selling. The Gold Buffalo is the same. Two excellent choices, but again, carry a higher premium.

In the USA, Maples, Brittania's and Krugs are also easy to sell and carry a reduced premium and typically liquidate at spot pricing. All good choices.

Remember...gold is a long play. It is not meant to flip in the short term.

[Kinnakeet]

I purchase silver in the form of 90% US$ silver coins, scrap ones. No sales tax when bought in the USA. The half dollars are nice to look at. If you sift through you can find some that are in very good condition. And if things got to a certain point they are legal tender. Of course being Canadian I like maple leafs too.

[Vishy26]

Krugerrand would be my choice.

[brandrea]

I’ve never considered the hard commodity. I assume there’s added “value” to certain forms … gold coins vs. say bars?

Personally have a small amount invested in the AEM as the company pays a dividend.

[Mifune]

Originally Posted by brandrea

I’ve never considered the hard commodity. I assume there’s added “value” to certain forms … gold coins vs. say bars?

the added 'value' for generics come from thinner margins at the on ramp while having solid margins (albeit wider than Sovereigns) at the off ramp.

Both 'Margins' combined makes owning precious metals MUCH LESS attractive IMHO. Combine that with the inability to safely transport larger sums, and the extremely SLOW and OVERLY cumbersome use case for transactions make them obsolete and relegated to Vault status.

buy Bitcoin.

[brandrea]

Originally Posted by Mifune

the added 'value' for generics come from thinner margins at the on ramp while having solid margins (albeit wider than Sovereigns) at the off ramp.

Both 'Margins' combined makes owning precious metals MUCH LESS attractive IMHO. Combine that with the inability to safely transport larger sums, and the extremely SLOW and OVERLY cumbersome use case for transactions make them obsolete and relegated to Vault status.

buy Bitcoin.

Thanks for that.

I'll stick to my dull dividend stocks. I understand them

Sent from my SM-G960W using Tapatalk

[pickettt]

Originally Posted by Mifune

the added 'value' for generics come from thinner margins at the on ramp while having solid margins (albeit wider than Sovereigns) at the off ramp.

Both 'Margins' combined makes owning precious metals MUCH LESS attractive IMHO. Combine that with the inability to safely transport larger sums, and the extremely SLOW and OVERLY cumbersome use case for transactions make them obsolete and relegated to Vault status.

buy Bitcoin.

Buy both

[jgottsman11]

Im not buying for investment per se. I just like the design and the fact that I won't completely lose my ass on holding it for a while. Think coins are the way to go.

[Tri-Tip]

I know someone who used to buy them, this was about 20 years ago, and I believe if the purchase was for $10,000 or more, you could state they are for investment purposes and not be charged sales tax. For under $10,000, sales tax was charged.

This will likely vary by state.

[Easy E]

I bought a few over the last couple of years. In asking to the two suppliers I have dealt with both said basically the same thing - when you go to sell them the only real factor is total weight, 1oz is 1oz (yes, there are a few exceptions). Given that bars generally carry a lower premium at point of purchase. So, buy bars.