Hello Guys, Which is the best gold purity to get for a bullion coin? Anyone? Your advises are highly welcome.
I'm going to go out on a limb and say it all depends. I assume you're talking about bullion coins because the bars are all pure. In that case, it depends somewhat on where you live. If you live in the U.S., the most common advice is to stick with Eagles, Krugerands, or Maple Leafs. Having tried to sell two British Sovereigns and a 100 Corona over the last month - I now understand why this is true. All three of the recommendations LIST THE GOLD CONTENT ON THE COIN... IN ENGLISH. Much, much more important than you might think (more than I thought, at least). Of the three recommended, only the Maples are .9999 pure. The others are 22 karat (11/12 pure) - but - ALL CONTAIN THE EXACT SAME AMOUNT OF GOLD. Pure gold is wicked soft, so if scratches matter to you, you either need to take special precautions with the Maples, or stick with the other two (Eagles and Krugerands - which are much more durable). Anyway, just my $.02. Take it with a grain of salt, and always get as many different recommendations as possible. The folks here are pretty helpful.
Agree totally. Depends on any things, with the premium differences mattering also. Gold is extremely easy to separate from other metals, so purity levels on them are not as critical as with silver and other metal. When selling to a dealer, I do not see big differences between AGE, .999 or .9999.
There is no difference. When it comes to official mint coins, gold is gold. Doesn't matter if it is coin gold, 22 karat, or pure gold, 24 karat. IMO, from a technical perspective as it relates to bullion (what this forum is about), coin gold is preferable to pure gold because it's more durable. That is, they won't get damaged in your tubes of 20 coins. You can put a few of these coins in your pocket and let them jiggle around. Try that with a pure gold coin. .9999 & .99999 gold is nothing but a gimmick. The few atoms of extra purity is a good way to squeeze extra profits out of the buyer. The most popular gold coin in the USA by sales, the American Gold Eagle is 22 karat gold. The most popular gold bullion coin of all time by sales is the Krugerrand, which is also 22 karat gold. 22 karat = coin gold = .9167.
To chime in - I have bought all 3 (age, krugerrand, and maple leaf) and am storing them together - very poorly, I might add (Lol.) I purchase based on what I can find cheapest at the moment I decide to buy another impulsively; my ratio owned is 1:1:3, ML:K:AGE, just because that was what I found at those times. If I were to become more picky in my purchases, though, I wouldn't do it based on purity. I would look at the coins in person. Decide what design appeals to you the most; also, it must be noted that, at least in my experience, all 3 are very different, distinct shades of gold. The krugerrands are more of a rose-gold, the AGE are a lighter yellow gold, and the leafs are a darker yellow gold. I am sure that YMMV, but for me this has tended to hold true. I wonder why no one ever minted white gold coins/bullion? LOL!
Purity isn't as important as the coin itself. An AGE or Krugerrand will always be worth more than a .9999 coin from Acme Bullion Products of Cleveland Ohio. Different collectors prefer different coins.
Hi there- Call me old-fashioned, but I prefer either World gold coins or pre-33 US gold. It's all typically .900 fine or roughly 21K, but you simply must buy what you personally like. I might make a few enemies here, but I don't think anyone can call themselves a true gold or silver bug if they know about and buy ONLY one type of coin. The history, characteristics, markets, sentiment, liquidity, and availability of each gold coin out there is a little different and it's my opinion that you are really selling yourself short if you are a gold/silver investor and you ONLY buy Krugerrands, for instance. Why date only one type of girl? Get out there and fool around!! JMO That said, what type of Bullion are you looking for? One ounce coins, tenth ounce, quarter ounce? Close to spot? Premium? Most popular? Numismatic potential? Historical/Patriotic significance? All should be considered if you're going to plunk down hundreds or thousands of dollars on this stuff. wags
