Good deal or not?

Discussion in 'Bullion Investing' started by myownprivy, Nov 12, 2017.

  1. myownprivy

    myownprivy Well-Known Member

    1/10 oz American Gold Eagle for $139.93 shipped from Provident. BU, Random Year

    Thoughts?
     
    FBLfinder likes this.
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  3. SilverSurfer415

    SilverSurfer415 Well-Known Member

    I think that is a great deal. BUY IT!!!
     
    asheland likes this.
  4. sakata

    sakata Devil's Advocate

  5. FBLfinder

    FBLfinder Active Member

    I have been around $140-150 with current melt price so i would go for it
     
  6. derkerlegand

    derkerlegand Well-Known Member

    $127.50 gold in it, and the premium's low enough. Why not?
     
  7. oobaa47

    oobaa47 New Member

    For what it's worth, provident has 1/10 oz maples for even cheaper, and they are .999 gold.......I believe it's only 8.5% above spot.
     
    SilverSurfer415 likes this.
  8. icollectoldmoney

    icollectoldmoney ANA Member:3192499

    Yeah that’s a pretty good deal want to add one to my collection thanks for the heads up.
    Thanks,
    icollectoldmoney
     
  9. myownprivy

    myownprivy Well-Known Member

    Indeed. I have purchased many 1/10 gold Maples from Provident and always been pleased. I am thinking about adding my first AGE of any size, believe it or not.
     
  10. myownprivy

    myownprivy Well-Known Member

    Well, the deal is over and gold has jumped a couple bucks since last night.

    Was anyone able to buy one for under $140?
     
  11. James S

    James S Low Mintage

    Sounds good, if your stacking the bars are the closet to spot that I have seen with the Gold.
     
  12. TheFinn

    TheFinn Well-Known Member

    For less money, would I rather have something that is .9167 Fine Gold, or .9999 Fine Gold. Easy answer for me - get the maple leaf.
     
  13. Nathan401

    Nathan401 Quis custodiet ipsos custodes?

    They both contain the same amount of gold.
     
    baseball21 likes this.
  14. myownprivy

    myownprivy Well-Known Member

    Until the end of times we will be having to point that out to people. It gets old after a while, huh?!

    Having said that, I think the Maple Leaf is just better looking that the Eagle, so that's why most of gold is held in Maples of some kind. This little 1/10th purchase was because I don't have a Gold Eagle and finally wanted to add one at a decent price. On that note, not to upset you too much, but I no longer hold ANY Krugerrands! I need to add one back at some point.
     
    Nathan401 likes this.
  15. myownprivy

    myownprivy Well-Known Member

    Bars just too easily counterfeited. I will never own a gold bar of any kind. The Gold Maples have the best security, so that's why most of my gold is in them. Premiums are also under 3% when I buy them in full ounces.
     
  16. James S

    James S Low Mintage

    Outside the package maybe, also I was referring the one ounce bars when I was saying there the closest to spot price u have seen, I actually saw one yesterday for a buy it now free shipping at the exact spot price.
     
  17. myownprivy

    myownprivy Well-Known Member

    Unfortunately they are counterfeited often inside the package as well. It's very common with Perth gold bars, for instance.

    I just don't see why someone would risk losing $1300 for an ounce of counterfeited gold just because they can buy it for $30 cheaper than a Gold Maple.

    However, there are some interesting new ones on the market like Sunshine bars with security engravings that seem very secure. I find those attractive. They can be purchased today for $1311, whereas a gold Maple in the security feature years can be purchased for $1330.
     
  18. James S

    James S Low Mintage

  19. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    Save up for a 'one ouncer'. 'Fractionals' get low balled when ya go to sell. Unless, you like the fractionals, and if that is so, by all means do it......
     
  20. myownprivy

    myownprivy Well-Known Member

    Yep, that is absolutely true advice.
    I do not own any Gold Eagles. This will be my one. I buy 1 oz Gold Maples every year as my primary gold.

    Provident's stated buy back price is pretty accurate. They sell a 1/10 AGE for $140-$146 but buy back for only $131.
    In other words, they sell for over 10% over spot but by back for only only 2.5% over.
     
    green18 likes this.
  21. myownprivy

    myownprivy Well-Known Member

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