Canadian .99999 gold - is it worth the premium?

I am asking your opinion on whether or not the famous .99999 gold coins from Canada are worth the premium they carry.

My main questions are:
Does the extra 9 make you go after these more aggressively than 4, or even 3 9's?
Would you prefer this over a 22-karat gold coin, like a 1/10 oz Eagle?

I do thank you in advance for sharing your opinion!

 

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Found this so we can see an example…



Credit to NGC…has all the pertinent info.

Here is one WalMart is selling but no reverse available and no supporting data.



I don’t think the extra purity makes much of a difference from 4 nines. It even reports fineness at .9999 in the specs.
…imo…Spark

 

No. Not interested.
That is 1/100,000 of an ounce. Or 0.004375 of a grain. Or $0.02 of gold.

 

Also "famous"? First time I'm hearing of this.

 

Thanks Sparky! It's a beautiful coin! Why don't we have ones like this except w/o the Queen. (There's only one queen in my house). A nice Lady Liberty portrait would be nice.

 

In most cases it does not make any difference. All of these trade at a fairly similar premium to spot price. In fact, some dealers pay more for the 22k Gold Eagles than for the 24k Gold Buffalo, Gold Spouses, or Canadian Gold (often due to the Eagles being more well known and more popular).

Personally the extra "9" does not make a difference to me but I could see it being an interesting novelty and something that could set apart two similarly priced coins (why not pick up one with the extra "9" if one wants something different and the price is about the same).

 

No. It clearly lists the AGW as 1.2232 ounce. The melt value matches purty darn close to 1 and 1/4 oz.

Surely you know .9999 and .99999 refer to the purity not the weight. Both fineness levels are the best levels of purity you can obtain…..but…wait a minute!
You’re joking!

Whew! …almost had me on that one!…imo…Spark

 

Buy what you like at the lowest price point.

 

That would be nice. Just pass it by the boss (wife), LOL.

 

Well yes it's purity. But that means it has an additional .00001 gold in it instead of copper or whatever else would be present.

 

I’d rather spend my money on pre 1933 USA gold coins that a new foreign coin.

 

You are absolutely right…the difference in the purity is practically negligible.

I thought you were making a joke and took it the wrong way, my bad. I would never impugn your integrity and I meant no disrespect. Please accept my apology for jumping to a wrong conclusion…imo…Spark

 

Well, it was intended to be a joke or tongue in cheek. So you caught on.
I'll state it more directly for those that didn't catch on, though:
Anything beyond .999 is a marketing ploy and nothing else.

 

In practical terms, it just means they've wasted a lot more energy in refinement. I'll probably never even have instruments that can detect the difference.

Even semiconductor manufacturers don't need gold with that many nines. Silicon and other stuff that makes the actual chips, sure, but for gold, four or even three nines are usually fine

 

I'm curious about the Trump "gold" coin that is advertised for less that $10. What kind of gimmick is this?

 

That's quite odd with a denomination of $350, but I believe that gold was around $300/oz at the time. I've never seen one of those coins before, and they are sure cool!

I think I screwed up a bit. Mainly what I meant was that it seems to be quite famous with bullion investors as the current purest gold on the market.

I see what you mean. I have seen on eBay where tens of thousands of Eagles in the 1 oz and 1/10 oz sizes have sold, but the quarter and half ounces are kind of left in the dust. Recently when I got my first A.G.E, (2015 1/10 oz) it was a great feeling, especially considering that there is an awesome market for them.

That and I only had to cough up about a $12 premium.

Hopefully that boss is a friendly one. LOL, "stack on" would be the words you would want to hear from her!

That's a good point, especially when it comes to small gold piece premiums. I once owned an 1843 $2.50 gold piece (likely an O, but possibly a D or C because of the small date) that I got for a low premium. If it weren't for the premiums, I would've owned another one by now, mainly because that gold coin I had has been sold for a long time.

I see quite a bit of gold in 3 nines fine as well as 4. A lot of the big bullion makers craft their bars of .9999, but one in particular, named Benchmark, makes those small bars as low as 1/4 grain, with .999 purity.

The "coin" is likely gold-plated, but is advertised like it is pure. If you've seen the advertisement on YouTube, it's easy to see right through their "news report", as the guy talking doesn't synchronize with the audio.

 

It's a good thing that couldn't possibly be viewed as any kind of metaphor, because that sort of thing is strictly forbidden on CoinTalk.

 

The problem with maples is if they are not perfect Gem/CU you will likely take a hit upon selling.

 

Likely worse here in the U.S., where some people prefer Eagles over Maples.

I honestly want my Maples to be MS69 quality, if buying them raw, unless they are from my birth year or a special year in my family.

 

I buy mostly US gold coins, I mean I have foreign gold as well but I only own one Canadian gold coin, below. Most coin collectors I know will only buy US gold coins, I mean gold is gold, but when it's time to liquidate, US is best.