Are there any gold coins easily available that are less than 1/20z of an ounce? When I put in an order for silver, I just want to have a tiny bit of gold.
The less gold you buy the more you pay...just an FYI. Premiums are higher the less of a fraction of an ounce you buy
Heck, can't touch Dollar Gold Commemorative's. Minuscule amount of metal but a honking big markup. Could it be that these pieces are in demand among collectors? Drats..........
Those commem collectors sure are an ornery lot. They have been known to pay many multiples of melt. Even more astounding is what they pay when some tarnish is involved. Indeed!
Unless there have been extreme changes in your financial situation, buying anything with a collectible premium is a foolish move, and even more so considering that when the novelty wears off, you will likely sell at a loss. If you just have to have a little gold, wait until you can afford (meaning all bills are paid in full) to buy in a low-to-no premium form. I thought the low-dollar British coins you've been into lately a good move since they have allowed you to collect without flushing money down the toilet like you used to. Stick to what you can afford now, and at least sit on this gold idea for a few weeks. Chances are that it is just a passing thing... just like the last time you had to buy (and almost immediately resold) gold.
How 'bout stashing some dosh away and letting it accumulate and buying a more significant coin with much less markup?
I've decided I'm gonna pass on gold. I love gold, but it's just too expensive. I will wait until I have a fulltime job making more than min wage.
FWIW, there are quite a few 1/25 oz gold coins. Some collectors may find them appealing, either because of the theme or design, or because they are not expensive. However, since you did not ask in one of the coin forums but here - yes, it would indeed be dumb from a "bullion investing" POV to buy those ... Christian
You know it's odd...You can buy 1/2 silver rounds for $1.09 over spot. Yet fractional gold has very high premiums vs fractional silver. I wonder why? I looked at the "hockey pucks", but they are $12.95 over melt at 5 ounces each. ASE's are $3.39 each over melt at one ounce. If I bought 5 ASE's, I would spend $16.95 over melt. So I wonder if a hockey puck would be a better choice since you save $4? I saw one "comparsilveprices" that Amagi metals has ASE's cheaper, but I never heard of them.