Selecting most liquid gold coins...

Hello (my first post on this forum, as a small time bullion coin collector for investment).
I have collected a couple 1oz buffalos, 1 oz eagles, and mexican 50 peso centenarios.
Looking to increase the collection, not only as an investment security/hedge but also because i like the coins themselves.

For some reason i like the mexican centenario the best- it is such a solid sized coin and very beautiful. I am also partial to the US 1oz eagles and buffalos because they are american products...

Which coin is better to stock up on, in terms of liquidity, ease of finding a willing buyer if need be, and possibly having its premium above spot increase etc?





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Now we know where all yer gold is.

 

Seriously! Ill have to dig the hole deeper now dang it.

 

Gold Eagles.

Many others(especially outside the USA) prefer 24k, but in my opinion, Eagles are King in the USA.

 

AGEs would be my choice. TC

 

Krugerrands. I can get them for the lowest premium over spot compared to other 1 oz gold coins.

 

Thanks all, yup as much as i like the centenarios, the 1.2 oz size makes it hard to calculate the price so eagles seem to be the good choice.

 

Of the 3 you listed, the AGE followed by the Buffalo are the most liquid. Might be a bit more difficult to get a buyer for the peso.

 

It's best to avoid odd sized coins if resale is a concern.

 

Buffs
Maples
AGE
Krugs

That's what I would do, but premiums are a killer too. Currently the Maple, I believe carries the lowest premium or it could be the Krug. If your just after the gold content stick to those two as they are more known throughout the world. The buffs and AGE are good for the US because people know what it is and it's always in demand over the others. Like another user said, the 24k gold is preferred over the 22k.

 

As far as I know, 1oz Philharmonic has the lowest premium among the major vendors, but I don't know how well they re-sell.

 

They are known but in my opinion, they look great but arent as known as the rest. Its a 24k coin, which is a plus but not something people go after when its a buying frenzy.

 

If future liquidity is your concern, then your best bet is smaller denomination coins - 1/10 and 1/4 ounce, as well as lower value foreign such as 2 or 2.5 Peso Mexican or 10 Centieme French. Let's say for the sake of argument that gold goes to $5000. You'll be FAR more likely to trade with a $400-500 coin than a $5000 one. Personally, I'd go with as many 1g. gold bullion bars as I could find. If ebay is any indicator, the resale markup on smaller denominations is greater than on larger (1oz.) ones.

 

Awesome, based largely on advice from this thread i picked up a small roll of 1/4 ounce gold. Half of them us eagles, and half british sovereigns.
Based on spot of $1668, i paid 450 for each eagle, and 400 for each sovereign. (i found out sovereigns only have .2354 actual gold weight).


The coins fit in the same roll and look identical from the side.

 

Hi there-

JMO, here, but I don't think that AGE's (American Gold Eagles) are the best thing to buy for a first coin. My rationale is this- They always carry a high premium, which is the amount you pay OVER the price of gold, typically $50-$70 at most coin shops. That's a significant amount of extra money to throw around for something that you're not really sure of-

I would recommend something usually a lot closer to spot, like Mexican gold. The reason is if you are a first time buyer and you buy a GAE you'll typically find that if you sell it to said dealer, you're probably not getting more than melt. No premium. Yes, it's true that it's slightly EASIER to sell and more recognized and convenient, but if you're just feeling the waters you'll probably want to stick with coins that are less premium-y and you can throw around with less worry. German 20 Mark coins, Sovs, Mexican 10 pesos, all good cheap stuff. Don't get me wrong, I'm not knocking AGE's as a first buy but that's like learning to drive with a Porsche instead of a Honda.

JMO

wags

 

FWIW don't dismiss the older $5 commems, like '88 Olympics, Statue Of Liberty among others. If you're just wanting to stack some gold you'd be surprised at how little above spot some of these can be acquired. JMHO.

 

I don't look at 'modern' gold coins as anything but an investment. To me, an ounce of gold is an ounce of gold. That said, I think if you're selling to pros, any of the popular coins (Eagles, Leafs, Philharmonics, Krugs, Centenarios) are very liquid. If you want to sell to individuals, then you get into the problem of people expressing an interest in the familiarity and design of the coins. I think Eagles and Leafs fit the bill there. And Leafs carry a lower premium.

Go to bulliondirect.com and look at the Nucleo Exchange to get an idea of what is popular with individual-to-individual transactions. Centenarios and Philharmonics usually lag the others. I'd stay away from Pandas. Too many fakes.

I personally never buy fractional gold (less than one ounce) for investment. It has a higher premium and most people who will always have the ability to buy gold do not want to deal in fractions. It's just too small of an amount. It's the same philosophy as pro or experienced amateur stock market investors almost never buying shares in anything but 100-share blocks.

 

That's for sure. At last weekend's coin show, where spot on these was $396 or so, there was a guy who said he'd buy at $392 and sell at $400. I believe the 1%-behind-spot buy price; I don't know if he would've really sold at 1% above spot, since he didn't have any on hand, but I've certainly never paid much more than that for them.

 

Also, when really looking at liquidity, i am thinking about what would i be able to use as a possible currency in transactions. For example real estate. So basically, what coins are more acceprable to someone who is not a bullion collector.
Say for example you used AGEs to pay for part of a real estate purchase. Would that seller calculate the capital gains of that sale based on the face value of the eagles sold?