Cheapest gold coin?

Discussion in 'Bullion Investing' started by Detecto92, Jul 22, 2013.

  1. Detecto92

    Detecto92 Well-Known Member

    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.
     
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  3. bkozak33

    bkozak33 Collector

    when you go to place your order, check what they offer for gold
     
  4. Muckdiver

    Muckdiver Member

    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
     
  5. Rickipedia

    Rickipedia Korean YN at 12

    A Mexican Dos Pesos coin. Elegant design plus $60-70, not so expensive.
     
  6. green18

    green18 Unknown member Sweet on Commemorative Coins

    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..........
     
  7. mill rat41

    mill rat41 Member

    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!
     
  8. green18

    green18 Unknown member Sweet on Commemorative Coins

    Extremely frustrating at times Mill rat.........
     
  9. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    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.
     
    KoinJester likes this.
  10. Robt Gossard

    Robt Gossard New Member

    Cheap gold coins are those for which you need to pay next-to-nothing premium….lol
     
  11. scottishmoney

    scottishmoney Buh bye

    How 'bout stashing some dosh away and letting it accumulate and buying a more significant coin with much less markup?
     
  12. Jwt708

    Jwt708 Well-Known Member

    Not a jab at Detecto...

    "But I want some gold nooowww!!!"

    :)
     
  13. green18

    green18 Unknown member Sweet on Commemorative Coins


     
  14. Detecto92

    Detecto92 Well-Known Member

    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.
     
    Rassi likes this.
  15. scottishmoney

    scottishmoney Buh bye


    I believe you made a very mature and thoughtful choice.
     
    Jwt708 likes this.
  16. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    Very wise decision, Tim.
     
    Jwt708 likes this.
  17. chrisild

    chrisild Coin Collector

    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
     
  18. Detecto92

    Detecto92 Well-Known Member

    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.
     
  19. Detecto92

    Detecto92 Well-Known Member

  20. FryDaddyJr

    FryDaddyJr Junior Member

    Just buy 1/10 eagles when you can
     
  21. green18

    green18 Unknown member Sweet on Commemorative Coins

    And buy 'em in proof form as you can hedge your bet with possible numismatic gains......
     
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