What is your favorite for investment 1 OZ Gold Coin

Discussion in 'Bullion Investing' started by mpcusa, Aug 23, 2021.

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Whats your pick for most popular 1 OZ Gold Investment coin !

  1. Krugerrand

    13 vote(s)
    18.8%
  2. AGE Type 1

    18 vote(s)
    26.1%
  3. AGE Type 2

    0 vote(s)
    0.0%
  4. Maple Leaf

    12 vote(s)
    17.4%
  5. Austria Philharmonic

    1 vote(s)
    1.4%
  6. Great Britain Britannia

    1 vote(s)
    1.4%
  7. Australian Kangaroo

    1 vote(s)
    1.4%
  8. America Gold Buffalo

    19 vote(s)
    27.5%
  9. Mexican Libertad

    4 vote(s)
    5.8%
  1. Sunbird

    Sunbird Member

    The claims about the Krugerrand being the world's most popular gold bullion coin are wildly false. It's not even close to being true. Production fell rapidly since the 1980s, and the market for them now is minimal. The South African Mint doesn't even release mintage figures anymore, and hasn't since 2010... And even the figures from the 2000s are not trusted by dealers. (See Chard's page on Krugerrand mintages.)

    Mintage of the American Gold Eagle was often 10 or 15 times the reported Krugerrand mintage up to 2010 when the South African Mint stopped reporting.

    Contrary to the OP, the Krug has little status internationally, in part because of tax laws around the world. In most jurisdictions that exempt precious metals bullion from consumption taxes like VAT or GST, they specify a required purity, and for gold it's always 99, 995, or 999. Examples include Singapore, Australia, New Zealand, and possibly the UK and EU.

    Since the Krug is a Crown gold alloy, 91.67% gold and the balance copper, it's fully taxed in all those jurisdictions. It's terrible law design – governments shouldn't be playing favorites or setting arbitrary thresholds for what counts as bullion – but that's the current situation.

    The Eagle is also taxed in those countries for the same reason, but it's not the same alloy as the Krug as someone claimed. It has silver too, at 3.00%, and so 5.33% copper instead of 8.33%. That's why Eagles are so much prettier than Krugs, with the brighter color closer to pure gold, compared to the Krug's ugly coppery hue.

    But the Eagle has a huge domestic market, and in some states there are legal advantages that make it more liquid. For example, dealers in Florida can't flip most gold right away. I think they have to wait a week or something, which makes them offer less for gold given the price movement risk of that waiting period. But Eagles are exempt from that. They can flip them immediately, which makes them more valuable. (I think the law is part of an anti-crime package having to do with stolen goods, ID requirements, etc. like the state laws that require ID and reporting when people sell a certain mass of copper to scrapyards, to reduce all the copper theft from homes and construction sites...)

    Generally, a given country's gold bullion coin tends to have various advantages when transacting in that country, from tax exemptions to subtle preferential treatment like the Florida example.

    Pure gold is preferred most other places, especially in Asia with their chuk kam standard, which I think is 99.5% pure.

    I think security features are becoming more important, and the Royal Canadian Mint, and now the (British) Royal Mint, lead the way. They're very innovative, and the Maples have multiple security features plus their Bullion DNA system for dealer verification. The Britannia has a ton of new security features, starting with the 2020 I think. Fine radial lines like the Maples and a lot of other microprinting stuff. I thought the new Type 2 Eagles were supposed to have security features, but I'm not sure what happened there. They don't seem to have done anything – the US Mint is incredibly lazy.

    I like the Maples most because they're so gorgeous, technically advanced with the security features, significantly cheaper than Eagles, and more liquid internationally since they're tax exempt, being 9999 pure. I wish that Canada wasn't a knee-bender country with that ridiculous old lady on the obverse, but at least they don't have that ugly old Amish guy like the Krugerrand.

    I also like Britannias and the Aussie Kangaroos. Low premiums, excellent quality. I think the Buffalos are ugly as sin – I'm very surprised that they approved such an ugly design and went and put it into production. Why the ugly Indian? Couldn't they just as easily have chosen a strapping handsome Indian visage? Strange.
     
    Blasty, leAurenard and Mr Roots like this.
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  3. FryDaddyJr

    FryDaddyJr Junior Member

    so just look at the buffalo side.
     
    Alegandron likes this.
  4. slackaction1

    slackaction1 Supporter! Supporter

  5. fretboard

    fretboard Defender of Old Coinage!

    Here's my Krugerrand, the only one I have! :D

    IMG_2265.JPG IMG_2270.JPG IMG_2266.JPG IMG_2267.JPG
     
    mpcusa and GoOoldmember like this.
  6. Blasty

    Blasty Gold Member

    Oh but they did! The most sophisticated security feature ever implemented, in fact. They removed one reed from the coin's edge. What a shame, because I had invested all my money in tooling up to start striking very convincing fake Type 2s when I realized this. Now I don't know what I'll do!

    In all seriousness, I don't know who thought this would be of any use. Most likely they didn't think at all. I certainly wouldn't consider the missing reed as any sort of validation. I wonder though, how much money was spent to arrive at that decision...
     
  7. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    You can find that anywhere on the internet, as my original post suggest
    but as always to each his own.
     
  8. Mr Roots

    Mr Roots Underneath The Bridge

    You can find that anywhere on the internet that sells Krugerrands.
     
    baseball21 likes this.
  9. losthomer

    losthomer Active Member

    The answer is obvious. 1 oz at a time.
    upload_2021-9-3_16-34-1.png
     
    leAurenard likes this.
  10. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Just for my fellow Kruger lovers picked
    this one up today !
     
  11. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

  12. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

  13. baseball21

    baseball21 Well-Known Member

    While it went off the deep end there a bit at the end about designs he is right that the Krugerrand is not even close to the most popular bullion coin. It's a niche coin which is fine liking the design but trying to convince people its the worlds most popular is not even remotely close to true
     
    spirityoda likes this.
  14. FryDaddyJr

    FryDaddyJr Junior Member

    the maples really should be closer to the top for their price, purity and security
     
    Cheech9712, Two Dogs and spirityoda like this.
  15. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    People have the delusion that all Country branded gold coins sell or the same
    when you cash out, and thats just not true, for instance philharmonics are probably
    one of the least expensive gold coins and garner ZERO premium over spot, bottom
    line its a popularity contest let the most popular win
     
  16. FryDaddyJr

    FryDaddyJr Junior Member

    Phils aren't too good looking and no security features. I don't like them and probably would not buy one
     
  17. slackaction1

    slackaction1 Supporter! Supporter

    You been out recruiting haven't you Mpcusa trying prop-up krugs....
     
    Mr Roots and FryDaddyJr like this.
  18. Two Dogs

    Two Dogs Well-Known Member

    The question was "What is your favorite for investment 1 OZ Gold Coin."
    My answer was Maple leaf, because as an investment I can do better with the buy/sell spread. Krugerrand would have been my second choice.
    If the question was, "What is your favorite 1 OZ gold coin" then I would have answered Buffalo. The buffalo bullion coin is beautiful! But the premium to buy is very high compared with the non-US coins.
    Everyone seems to be reading the original question differently and then challenging others depending on their responses.
     
    Cheech9712, spirityoda and FryDaddyJr like this.
  19. spirityoda

    spirityoda Coin Junky

    Good point.
     
    Two Dogs likes this.
  20. FryDaddyJr

    FryDaddyJr Junior Member

  21. J.T. Parker

    J.T. Parker Well-Known Member

    Historically, Aesthetically, Quality & Quantity-Wise, the Mexican 'Centenarrio' set designed by Emilio De Moral with National Arms-OBV., Winged Victory-REV. Containing 1.2057 AGW & Lettered Edge gets my vote. I consider myself very lucky to be the 'caretaker' of the complete set graded by NGC MS-63-65.
    ...Just a Taste......J.T. 771B35E6-4CED-4B68-9EFB-9540EDA5F665.jpeg
     
    Last edited: Sep 5, 2021
    Eric the Red, rte, spirityoda and 4 others like this.
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