The American Gold Eagle is the best value

Discussion in 'Bullion Investing' started by Fifty, Mar 1, 2011.

  1. Fifty

    Fifty Master Roll Searcher

    I'm thinking if you're buying strictly for bullion and you are faced with the same price for another one troy ounce gold bullion coin the AGE is the better deal, since it is 3% silver you are getting 0.0327 oz of free silver.
     
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  3. jcakcoin

    jcakcoin New Member

    For every AGE, there is $1 of free silver (not much!)
     
  4. Happy

    Happy New Member

    I like the Maple Leaf over the Eagle. The Maple Leaf gives you .9999% purity, while the Eagle give you .9993% purity. The Eagle seems to have about a .25 cent above price difference though... Not that this make any difference. I like the Maple Leaf quality over the Eagle.
    Not to mention... If the government was to attempt confiscation of PM. I'm holding out hope... Buy owning foreign PM, it can be skirted since it's not US currency.
     
  5. InfleXion

    InfleXion Wealth Preserver

    I agree with you Happy. The more pure the better. I didn't know what purity ASE's were, just that they didn't tell me on the coin so I wasn't willing to trust a question mark. I also like the Maple Leafs, they look great too. I wouldn't hold out for not getting it confiscated in the event that a confiscation happens. Silver is silver. This is where firearms enter stage left.
     
  6. Cloudsweeper99

    Cloudsweeper99 Treasure Hunter

    I like the $20 Liberty gold coins because they are .900 pure. Pure gold is too soft for coinage, and a higher percentage of gold makes for a lower quality coin, not a higher one.
     
  7. FishyOne

    FishyOne Member

    Remember AGE are 0.917 fine or 22 carat. Only the gold buffs and UHR are .999 gold.
     
  8. richardthebrave

    richardthebrave Junior Member

    AGE are mislabeled as 22 carats (0.917 fine) because of the wrong way the contents of the coin was explained.

    the entire gold contents of AGE itself is 99.99% at 31.1 grams, except that they used more hardening materials compared to the maples (AGE has silver and copper)

    taking now both the amount of gold and hardening materials combined you get 0.917 or 22 carats since you also included the copper contents with it: the result is an excess total weight of 33.930 grams or 1.0909 ounces making it heavier against other gold bullions. this is where the misnomer came from :p

    but taking only the gold amount, it is already at 31.1 grams of 99.99% gold. :D

    p.s. if you would look at the smaller denomination of AGE, they have also the same properties (excess weight because of the silver and copper contents) but they are also 99.99% pure.
     
  9. FishyOne

    FishyOne Member

    Huh? It's no misnomer and they are not mislabeled, they are 22 carat gold and have a total weight of 33.9 grams. They have an ounce of gold in them, mixed with the alloys. There's nothing 99.99% gold about them.
     
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