Need Advice: Which Gold Coin to Buy?

Yeah still disagree with ya. The AGE do not retrieve the high premium back when SELLING, as I explained last comment. If you could explain how ASE would yeild a better bang for your buck i'd be highly interested to know.

 

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Around me, American Eagle series [gold or silver] coins ALWAYS command a premium to privately minted rounds or bars, or foreign coins when you go to sell them. I've never seen a dealer who didn't pay less, and sometimes significantly less for generic gold. For the small difference in price, a beginner should always prefer the form that will be easiest to resell. Many collectors want AGEs and dealers know they can resell them for a premium over generic bullion. There is also much less chance of a beginner getting stuck with a counterfeit, underweight or bar/coin with mismarked purity. I don't think there is any doubt that this would be the correct course of action for someone making their first gold purchase. To me, it is unthinkable to recommend any other approach to someone you don't know and can't personally assist with the purchase or sale transaction. I would even call it irresponsible.

 

Keep it simple! Just buy high grade certified St. Gaudens or Liberties you
Not only get the spot gold price included in the purchase but as a rare
Coin you can "Double Dip" the value!!

 

Krugerrands are 22K.

For the discussion about Eagles, visit http://www.apmex.com/Product/1/1_oz_Gold_American_Eagle___Random_Year.aspx for buy and sell prices. Apmex is buying them for over spot, and the difference between buy and sell is under 4%.

 

If you want to safely buy gold and can't afford to purchase it one ounce at a time I would recommend certified (NGC, ANACS or PCGS) French Gold Roosters.

Each coin is exactly 1/5th of an ounce of gold, and certified examples from 1906-1914 usually sell for only a bit above spot, normally around $250 each these days. (They used to cost $88 each!)

The earlier dates sell for more because they are not reissues, the 1899 being the key to the series.

Plus the coin is beautiful with a very nice Marianne design.

This is my secret so please don't tell anyone, OK? :hammer:

 

What is the source of this info? It'd suck if you have to pay a penalty for carrying gold across borders. I mean isn't the point of getting gold is its portability and universal exchange value?

 

I don't have a good source, just what I've seen on other forums.

For the UK, http://customs.hmrc.gov.uk/channels...ntent&id=HMCE_CL_000104&propertyType=document says that gold has to be .995 or better, but makes an exception for investment coins, which can be anything over .900. So Krugerrands would be fine there.

 

I just came across another question about buying gold -

It appears in most cases the big gold vendors require cash payment (cashiers check, bank wire, etc.) and credit card is only accepted in certain conditions. I'd certainly prefer to use credit card, because it is processed in real time and gives me certain amount of cashback and also protects me against fraud. Plus, by making the cash-equivalent payment (cashiers check, bank wire, etc.) you have to pay extra to deliver the payment. So, I wonder how do people here pay for gold in general?

 

buy american buffalo and eagle first. easier to sell. others such as maple leaf, panda, libertad, philharmonic and krugerand. whole one ounce or fractional. depend on your taste.