My boss have customers who are buying gold coins and bars from him. I looked at one and its very pretty and tempting but ofcourse the prices are around $450s... 1oz coins are higher in price than the bars. Is this because collectors buy it? Does collecting these 1oz coins the same as collecting any other coin? With grades etc. These $50 coins. I guess I'm looking for any info or opinion that anyone might have. Nothing specific.
sounds to me like your boss sells bullion coins. The coins will carry a slight premium on "ask" over bullion, whereas the bars will usually not. The coins also carry some sort of researchable information toward the purity and content of the gold in the coin, where (in some cases) the bars need to be tested... Although I don't purchase bars, I understand that some companies are well known for their fineness content, and do not generally need to be tested. Generally 1 oz. bullion coins are 1 oz. bullion coins - but some carry a larger permium than others due to market demand, and smaller supply. Grades don't effect the value too very much unless you get into extremes - a very high grade example may get a little more on the market, and a doggy low grade example might settle for less.
