Too high of a premium that'll take almost forever to recover. Save to buy one ounce eagles, a much better deal on premium.
Your original post didn't ask this either. It asked my opinion on purchasing 1/10 oz gold. I gave it. Perhaps you should edit the original post so that the question is clear.
sorry i didn't mean to snap at you. I know it may not make as much sense as buying ounces, but I'd still like to own some and 'm getting a little silver heavy.
Go to your local B&M to possibly trade some silver for some gold. You might get a break on the premium. I did that a while back and made out quite well. I got an even swap, melt for melt. But still, the better deal is in one ouncers.
Paradise has 25 in stock at $204.99 each http://www.paradisemint.com/2012-110th-Oz-5-American-Gold-Eagle_p_2731.html Free Shipping
I have picked them up at coin shows for around the same premiums at gold eagles, most dealers pay no premium on those when buying and try to get top prices when selling. There is a company in Texas that was advertising them cheap in Scientific American, I think it was last spring. They will only do the deal once but you can pay by credit card! I think they were around $180 each, 10 units maximum.
Try this company: Ten 1/10 Oz American gold eagles $1688 Shipped Ad is in Guns&Ammo October 2011 Issue Us Money Reserves 877-334-2268 Vault# GA516520 165.20 +36 shipping Maximum 10 = $1688 Shipped for Ten
They usually go up to somewhat over spot. I don't know if they are still offering those at cost. I got my 10 with a CC.
Best I ever got was 5% over spot at a local we buy gold place, they buy gold but I asked if they also sell gold.
Bought one at local store for about $201 ($174 after trading in about $27 in silver). Still seems high premium but it takes way too long for me to save up for an ounce.
Hmm. Unless you're looking for a stack, I'd pay the extra $15 each and get proofs directly from the mint for $220.
The myth that these cost a big premium is wrong. I've bought all mine near spot from individuals and through special offers.
For a small quantity, you might also consider something like a 2.5 or 5 gram bar. The premiums tend to be a little less than on fractional coins.