Well I want to purchase some gold, and my price range is a max of 280. This leaves me with several choices: 1 gram gold 2.5 gram gold 5 gram gold 1/20 oz gold 1/10 oz gold 1/4 oz gold It seems to me that the 1/4 oz carries the least premium, but my thoughts are that since the lower denominations have a higher premium, if the price of gold goes up significantly, won't the premium still be as high? So in a sense, the spot price won't matter too much if I bought at the average price (which is usually several dollars higher than spot), because in a spike in price of gold, the premium will still be above and I'll still make money. Make any sense? So my questions are, should I just buy a 1/4, and if not, what denomination? And if I purchase lower denominations, am I right in the presumption of the premium always being a standard amount of dollars above spot? Thoughts/opinions wanted!
With $280 I would go for a 1/4 oz, only b/c it's easier to take care of and the 1/4 oz coins are beauties. A 1/4 oz Mexican is one of the first coins I bought, I like it alot b/c it has an incused edge. If you like Mexican gold you can go with the smaller amounts as well. I paid $262 for the Mexico 1981 and $258 for the Statue of Liberty coin also one of my favorites. Actually you can get the liberty for less, like $230- $255, raw price of course. In fact you can get both for less than I paid. I paid $20 over spot on the Mexico and I got the Liberty off of the bay. Here's mine, sellers pic and an example. good luck with your purchase
Everybody is buying gold right now so the supply is way down. The best modern mintage coins close to spot right now are the 2008 w Uncirculated gold eagles with the W mintmark. 1/4 size mintage 9200 1/10 size mintage 13,400 With a low mintage coin the premiums hold for longer than with high mintage.
Beautiful coins fret, you've convinced me for a 1/4! I'll keep that in mind centdime, I'll scan the bay until I see a good deal, and maybe I'll get lucky
2008w 1/4 oz american eagle unc $10.00 gold is the lowest mintage at 9,200. this should be over $2,000.00 in the future.
