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<p>[QUOTE=&quot;julius, post: 1474316, member: 38622&quot;]I&#039;ve googled around and found that much of the discussion on bars vs ounces were based on credibility, i.e., the AGE&#039;s are US minted and guaranteed, the various bars from other mints are not necessarily. My friend bought a 1 oz AGE a few weeks ago for $1700 from the LCS, this was when spot was around 1625. So he spent around $75 on what exactly?</p><p><br /></p><p>PAMP and Credit Suisse seem to be the most authentic and trusted form of gold bullion in bar form. These can be had for significantly cheaper per ounce than AGE&#039;s. So I&#039;m wondering if this is an issue of seigniorage? Is this simply a case of the US mint profiting? Why pay for a gold eagle when you could have the same amount of gold for less? Why pay more when you don&#039;t need to? Again, I must assume that it is because people trust AGE&#039;s, maples, krugs, etc. more than the assayers of PAMP and Credit Suisse. Thing is, you can get the credit suisse bars with serial numbers, assay cards, and sealed containers. Most of the time you get <i>less </i>than that with an AGE that comes with no assay card, no serial, and no sealed packaging by standard. </p><p><br /></p><p>For junk silver, its a no brainer. You can tell that they are real, counterfeiting isn&#039;t an issue due to low risk/reward for thieves, US minted, and usually cheaper than PAMP or Credit Suisse rounds. With gold I am confused. What exactly supports and props up this &quot;gold premium&quot; in gold coin over bars. </p><p><br /></p><p>I suppose that the existing market framework should indicate that paying more premium for gold coin now would mean recovering that cost if one were to sell it later. However, if the goal is to control a commodity (gold) by central bankers or long term investors who is to say that the premium for AGE&#039;s would persist in perpetuity, especially in the face of financial turmoil that is evident in the world today. Why would a bank pay a higher premium for AGE&#039;s on large purchases when more gold could be had if they went with Credit Suisse or PAMP Suisse assayed bars? </p><p><br /></p><p>In an end of world scenario, where gold still plays a part, wouldn&#039;t all gold be converted to melt values? I don&#039;t see why AGE&#039;s wouldn&#039;t be treated the same as bars because they have no particular numismatic value. I am aware that some gold bullion coin does have special value above it melt value, but most of them do not.[/QUOTE]</p><p><br /></p>

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