Buying fractional gold in bulk?

Might be a dumb question but can you save any money buying 1/10 oz gold in bulk or in rolls? usually I get an oz or a something smaller one at a time.

 

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Check the following site selling 10 1/10 oz coins for $2,218.20 while a 1 oz coin is $1,867.20 ($351 cheaper than buying 10-1/10 oz coins) https://www.moneymetals.com/buy/gold/coins
All the PM dealers are generally in the same range.

 

why are the premiums so high on smaller gold coins?

 

The man at the cemetery said get a lot while you can.

 

Being poor one can not afford to buy a n ounce so they buy the 1/10th. It cost just more.

 

GOVERNMENT ISSUED 1/10 OZ $5 GOLD AMERICAN EAGLES AT-COST
https://nationwidecoins.com/product/government-issued-90-gold-american-eagles-at-cost/

https://www.cointalk.com/threads/perhaps-im-a-fool.302543/page-10#post-3584291

It's a legitimate deal. I bought the deal on 9/11/17. No problems. Periodically they send me a glossy well-made catalog. Got some sales calls early on.

 

Think of it this way. The mint buys gold for $1700 an ounce say, so the raw material is the same for 10 10th ounces versus an ounce. However, it costs $5 per coin to prepare the blank, $10 per coin for the die, and $10 per coin to strike, (hypothetical numbers). So the mint has $1725 in an ounce coin, but $1950 in 10 10th ouncers. The only reason they do this is because people will pay a higher premium for smaller coins. So both demand and mint costs, (hence new issue replacements), are higher.

It has always been true that one ounce coins will be cheaper per ounce than smaller pieces. Even old US gold, which back then had the premium built into seignorage, are today per ounce the same, smaller coins higher per ounce.

 

Yes, you can get a lower price per 1/10 oz coin if you buy say 10, 100, or 1000 coins rather than one at a time. But, the price per oz will never be as low as buying a 0.25, 0.5, or 1 oz coin because of medoraman said. Smaller fractional coins are popular because they can be used for smaller purchases when time get tough, For example, you want to buy a tank of gas, use a 1/10 oz coin rather than a one oz coin. This is why gram bars are popular too.

 

I’m pretty sure the premium for small gold is higher when both buying and selling.

 

can you buy a monster box of 1/10's?

 

Depends. My local dealer whom I take a lot of misc off his hands, has sold me plenty of 10th and 20th of an ounce at melt. Heck, I have 1 gram bars of gold, silver, platinum and palladium I all bought at spot from him as well.

Ultimately, when it comes to liquidation, melt is the most you may get. There is a high risk of paying premiums for less than ounce items. Best bet IMHO is to save up until you can buy a full ounce.

 

That's what I've always done before. well I do have some of the half ounce spouses in unc, low mintage

 

I do like those for some reason. I have been tempted more than a few times on those. In the future when premiums drop again I would like to pick some up, especially the non-spouse issues. Collection idea number 157 I suppose.

 

That was my post and I bought 10 of them for $1,100 and sold 9 of them for $130 to a dealer...kept one for free! Just responded to another of their ads for a one-ounce for $1,700...the price went up!

 

Try to cultivate a good working relationship with a Brick & Mortar coin shop. Tell them that should they happen to buy in a deal of fractional gold coins you might be interested in it. Give them some idea what sort of volume you are interested in.

THen, if they call, be prepared to give them an immediate Yes/No and if Yes fast payment.

 

I checked my numismatic spreadsheet I paid $1188 for ten. I bought 9/11/17 after you bought.

 

the costs to manufacture are the same as on a larger one, so they charge a premium, or
Seigniorage

 

Seems to me, some of the best deals today are the First Spouses! That said, I don't have the ducats for it!

https://www.ebay.com/sch/i.html?_from=R40&_nkw=first+spouse+gold&_sacat=39482&rt=nc&LH_Auction=1