Video není dostupné.
Omlouváme se.
Gold Coin Winners and Losers - Which is the Best Deal?
Vložit
- čas přidán 26. 07. 2023
- Which gold coins are the best deal in terms of purchase price and buy back price? The buy to sell spread will show you the cost to buy vs the price you get in a sale, ultimately telling you what the best deal is. I'll show the math in this one. There are other considerations as well making some of the choices better regardless of the math.
🔥 SDBullion Promo mentioned: sdbullion.com/promo-2
✅ SUBSCRIBE: czcams.com/users/2is1gold?sub_con...
🔥 JOIN: / @2is1gold
📷 Instagram: / 2is1gold
💬 Discord: / discord
🚫 DOOR MARKED PRIVATE: / @doormarkedprivate
🔥 SDBullion Promo: sdbullion.com/new
HELPFUL VIDEOS
▸ Gold Coins 101: • How to Buy Gold - Star...
▸ Storage: • Is Your Gold Safe? Sto...
▸ Capsules: • The Best Coin Capsules...
PRODUCT LINKS:
▸ Pelican Micro Case
amzn.to/3r6HtUd
▸ 32mm Direct-Fit Capsules (Fit 1 oz American Gold Eagles, Gold Buffalos, etc.)
amzn.to/38TpVE9 (10 capsules)
amzn.to/3F1FYgX (20 capsules + tube)
▸ 30mm Direct-Fit Capsules (Fit 1 oz Canadian Maple Leafs)
amzn.to/3pYmLoO
▸ 27mm Direct-Fit Capsules (Fit 1/2 oz American Gold Eagles, etc.)
amzn.to/3nVpfCq
▸ 22mm Direct-Fit Capsules (Fit 1/4 oz American Gold Eagles, etc.)
amzn.to/2LHteFN (20 capsules)
amzn.to/3UI0D0s (20 capsules + tube)
▸ 16mm Direct-Fit Capsules (Fit 1/10 oz American Gold Eagles, etc.)
amzn.to/3roUzLy
▸ Theory11 Playing Cards
amzn.to/3ec9B4L
▸ Field Notes Notebooks
amzn.to/3fuWoq2
I buy gold and other assets over time, and then buy more as price and interest allow. If you want to know more about buying gold coins, that is my primary focus here. Cheers!
GET IN TOUCH
2is1gold@gmail.com
Disclaimers: I am not a financial advisor, a CPA or an attorney qualified to give financial advice. Nothing I say is meant as professional or financial advice. I'm just a guy on the internet, talking about precious metals. This is for entertainment only. If you're looking for financial, tax, legal or other advice, please seek out a professional. I will NEVER ask you to send me money to trade or invest for you. Please report any suspicious emails or fake social media profiles claiming to be me.
Some links in the description may be affiliate links. As an Amazon Associate I may earn commissions from qualifying purchases. Any potential compensation I earn will not negatively affect your purchase. In some cases, I may receive payment or other consideration from the companies mentioned in the videos or descriptions. No matter what I or anyone else says, it’s important to do your own research before making a financial decision.
Thank you!
Best Gold channel out there, doesn't push the constant dooms day fear. Well balanced and logical. Thank you for your work!
Thanks!
Agreed. This is why I call this channel, "The Adult Gold & Silver Channel". No whining, no sniveling, no end of the world, and no one pushing PMs to buy
from them, etc. Yes, there is a sponsor of the channel but from what I have seen over the past couple of years, 2is1 has integrity and it is NOT for sale.
The sponsorship is simply a business deal and one of the better ones, without compromise. That I deal primarily with that sponsor also does not hurt. 😉
I'm glad I've found him because im starting my stack August 11th and I'm going to purchase a 1/4 oz britannia for 400. Let me know what u think.
Insurance has a premium no matter what, whether its Allstate or Gold. Bullion dealers and higher volume coin shops are ruled by the refiners they sell to. What they pay you for a bar or coin is determined by what they can get for it. If you're willing to pay a premium on all the things you buy in life, the premium on precious metals seems minute.
Yeah, good perspective. Cheers!
Excellent point! 🙂
Yes, it is, and as time passes, the importance of the premiums paid shrinks to insignificance. I keep detailed records of all my PM purchases, but I have to say that
if I wanted to know what the premiums were on gold that I bought below $1500 an oz., I would have to look that info up because I surely do not remember, off hand.
I’ve actually got some from all 7. Mostly the US coins, followed by maples. One thing I’ve learned in the short 2 years I’ve been stacking is coin recognition is important when it comes to selling. At least that is what I’ve heard. I’ve never sold. So while I might pick up an odd ball silver coin for fun, not with gold.
I appreciate your time to do all the math on this. The Britannia is a beautiful coin for sure and a good option. I WISH they make fractional buffaloes!
Fractional Buffalos would be incredibly popular. Cheers!
Always with the great, straightforward info! Thanks!
Thanks!
Another well thought out and explained video. Good stuff to know and put into practice. 👍
Thanks!
I really appreciate your thoughtful videos. I'm new to stacking and you give great info and all without saying the world is coming to an end you gotta buy gold and silver. Just straight info on how to make a good decision for the future. Thanks for sharing the knowledge.
Cheers!
Really great info as usual and appreciate the hard work that you do to produce the videos.
Thanks!
I appreciate your practical approach and insights. That you for keeping it real and the effort you put into these.
🤜🤛
Yes, its important to buy the bullion that has good liquidity and low premiums. I buy Krugerands. You should too.
Nice video. Sound and backed by experience and history.
Thanks!
Great Video... straight forward, honest infomation....thank you. I am a Brittannia fan myself but have egales, buffalos and maples as well.
🤜🤛
I'm just starting out stacking, and I appreciate your knowledge, my friend. All of your videos are priceless!! Pat.A
Thanks, and good luck!
Excellent video. Very pertinent. One subject that I’d like to know more about is selling your silver (local vs online) for gold. I really appreciate your work. Rooting for you to get to 100 k subs, that would be well deserved. Best wishes to all!
Thanks Michael! I've done it a few times (and made a few videos). It's a funny topic, though. People come out of the woodwork to charge the hill. Some of them have pitchforks and torches. The part most don't like is that dealers typically factor in premium whether they itemize it or not. You don't trade along the ratio. You sell your silver to them and buy the gold from them, paying premiums twice. If you're okay with that part, it's pretty easy. Cheers!
@@2is1gold Yeah, so having said that it is best to minimize selling in order to buy something different. Hold what you have but switch what you buy.
I'm an Europeen, a Bulgarian, and by any means nothing seems to beat Britanias here... Premium, safety features, but most importantly buy to sell spread...
Eta: not many local shops here, but Tavex gets us covered
Great coins.
THIS is exactly the information I’ve been searching for as a new stacker. Could you PLEASE do the exact same type of video for silver so that I know what coins/rounds/bars to buy from that buy/sell ratio mindset for silver as well. Thanks!!
Started a gold coin stock pile with Brit and maple with maple being universal and easy to liquidate if needed and Brit for the rise in growing popularity and being more secure than the buffalo.
This is just what I was looking for when I mentioned “the delta” on your last video. Many thanks. Would be great if you could do the same thing on silver.
Cheers!
Cheers!
i appreciate the work that went into this video, thanks.
🤜🤛
Good video considering I've got some buffaloes and a maple but mostly have been leaning heavy on their britannia's and the kangaroos for the past couple years thank you 2is1 for being the clearest voice out there✌
🤜🤛
Solid stuff bro!
Thanks Britches!! 🤜🥃🥃🤛
Interesting, learning new lingo in the gold & silver world.
Great video! One of your best. I lean towards the American Gold Buffalos as my go-to stacker. For fun I love the Pre 33 Double Eagles & Spanish Mint Doubloons. I like those big Mexican Gold 50 Pesos too every now & then. For a backup the 1 oz Gold Britannias are nice. I do have a couple of those with queen on them. Quarter oz I stack the American Gold Eagles if I can get them at a 13% premium or less. The deals are out there if you know where to look!
They're out there sometimes (deals on quarters). It's getting harder to find them consistently. Cheers!
Thank you 2 is 1. I value your information.
🤜🤛
Personally from a buyer/seller perspective I want all of my purchases and sales tracked for my 1099. I buy a lot more then sell for my inventory and I would gladly take a negative totaled 1099 for future possible deductions.
Just added gold to my inventory this year and I’m aiming for Australian but US gold is looking for appealing.
I typically purchase a 1/4 oz gold coin every month. Lately it's been Kangaroos, Lunar Rabbits and Brits. But this month it was an AGE. I took advantage of the recent dip.
Nice
Another great video thank you. For me I stack our local bullion with a spread of less than 4% then Britannia 5% and lastly Maples 4%, only because I like the design on the Brits more.
🤜🤛
I don't buy gold and silver coins to sell. I buy them to feed myself and my children and grandchildren in case of depression. If no depression I will leave it to the children.
So they are in case you need to sell them or your kids need to sell them then?…
@blacksmith321
I think he means for straight swap/bartering for food etc. I'm presuming during a depression there's not much money about.
@@BlacksmithBets We all make good money (working hard) . We all own our houses. We all pay cash for our vehcles. We all have savngs and cash and gold and silver. if we go through a deppresson and go through our goods we may be able to sell or to barter for food. it is just anther backup. i also have a small garden and fruit trees.
Gold is a good place to put your emergency fund.
They will learn.
Another advantage for Eagles in Utah is they are considered legal tender and sales are not subject to State sales, income or capital gain taxes. Other states may have similar statutes. Thanks for your great channel.
Great video. It helped me buy a 1/4 oz coin 10 minutes after I watched the video
Nice! 🤜🤛
I have a mix of 1oz gold, pre 33. Philharmonics, Perth Kangaroos, Buffalos, for fractional, 1/10oz lunar Rabbits, American Eagles, and some local coins made here in Colorado from Colorado gold. Also Picked up some unloved Pandas in 1/2 and 1/4 for 4% over spot from my LCS.
4% for unloved fractional is always nice.
Great video.
Thanks!
Great video brother nice stack of coins 🥃🥃🥃🪙🪙🪙
Thanks Nate! 🤜🥃🥃🤛
Brilliant episode mate! What microphone do you use please?
I use a Blue Yeti (X Professional Condenser) typically. I have a Shure SM7B Vocal Dynamic Microphone too that probably works a bit better but it's easier to move my Blue. Cheers!
@@2is1gold Wow! Sounds like some awesome kit. Thankyou for getting back to me. You're my favourite CZcamsr.
No Chucks for me. I’m a Diana girl. Sticking with AGEs, Kooks, and Brits with QEII.
🤜🤛
@@2is1gold 🤜🏽🤛🏽👍🏽✌🏽
Good info for folks who buy from shops and/or online dealers.
Me:
Buy peer to peer, sell peer to peer. No BS paperwork to worry about. 👍🏼
I'm liking the funky intro
Good stuff. Thanks! My favorite is US. I do have some Perth, Maples and Britannias in 1/10, Britannias & a Maple in 1/4, one Britannia in 1/2 & 1 Britannia in 1 oz. My only disappointment is the 1/4 oz Maple in particular and all Maples in general. Don’t like the sizing.
That bothers me too. 30mm should be 32mm and 20mm should be 22mm. Cheers!
I like Brits for the quarter size too.
🤜🤛
I’ve been stacking for a year now. I only have Britannia’s. It’s a great looking coin, purchase price has lowest premium and all my LCS buy at spot regardless of coin including AGE’s.
Great content! As always... 1 is definitely none and that's currently making me angry, lol. Peace and love brother.
Ha! 🤜🤛
Thanks for the video. Nice Victorinox (or whatever it is). 👍
Yep Victorinox. 🤜🤛
Whatever my LCS has in stock that matches the cash I have on hand is the best deal for me
Dude you rock
Hey, thanks!
My Lcs told me soon they will have to report all gold sales. He also said if I sell him anything over $1850 he needs to report it.
It isn't a federal requirement. It might be municipal.
I just buy Britannias due to quality, cost, and 24k.
It's like property investment. You have taxes and maintenance out the door. Hold long term and maintain is the only way to realize a profit. The difference with property is that you can make improvements during the holding period that could help long-term gains but may not. The maintenance and taxes of a property could be compared to safe handling and secure storage of your metals... Either way, there's investor/flippers, long term holders, dealers/agents, and then there's the people who use every dime to get something and hold it for life if they are able.
🤜🤛
1/4 oz AGEs are $571 today at my dealer, minimum 20 though. The also publish buy back prices.
Personally, I like variety. Don't plan on selling 1 large portion anytime. Look forward to your follow up on this.
Yes and additionally have some that is more liquid if you want to venture off the well-worn path once in a while.
The premiums you discuss seem to be way off for my LCS’s here in California. Can you do a video on other buying options? How do you find brokers, big and reputable coin shows, private sales….etc.?
Fairly new stacker here, been watching your videos for a little bit now and appreciate the practical approach you take. Probably an off the wall question, but how would you view stacking some of all the coins you mentioned here and “diversifying” your stack as you would with other investments? I don’t consider the metal itself an investment, but I do invest my time and money into studying the market and stacking for the insurance and savings purposes you talk about a lot on this channel so just would like to hear your thoughts. Thank you again for the content
The market is always changing. Be careful about buying items that are fringe or newly popular and remember: What was popular last year may be less so 5 years from now. Don't be afraid to adjust your course.
I try to keep things more uniform to make it easier in a possible sale (whether it's me doing the selling or my kids). Cheers!
*I BUY TO SAVE IN CASE OF MY DEMISE, MY WIFE & KIDS WILL HAVE IMMEDIATE ASSETS.. BOUGHT MY FIRST OZ IN FRACTIONS (BOTH COINS & BARS) ONLY SPENT $71 OVER MARKET PRICE*
*I PLAN TO BUY 10g BARS & 1/4oz COINS GOING FORWARD*
rule #1. Never report anything to the government.
There are plenty of buyers and sellers that will do business with you and have no problem telling the government to buzz off.
But you may not want to say that if you have a large CZcams following.
@@MrDavidknigge😅
If and when I start purchasing gold, I'll be leaning towards the Canadian Maple Leaf, I think. I live very close to the Canadian border, and their quality and security features make the U.S. Mint's look like the joke that they are. Besides, at a slightly lower price than Eagles or Buffalos, I could also pick up a little silver for the same total amount as for just those, and that doesn't seem like a bad thing.
Wow great video, this was super helpful and informative. I think you're finally helping me walk the bridge over from second place to first place. For me, seeing those numbers, i'll also target eagles despite the 1% diff. If i lived in europe it'd be the brit.
So just as a math exercise, currently spot is 1946
1oz eagle at jm bullion is 2058
Difference is $112
112/2058= .054
So in this example, its an even better deal since its 5.4% instead of the example 6%, assuming my math exercise is correct
Yeah, I’m seeing a lot of deals popping up lately. Cheers!
I got 3 1-oz. gold Maples from SD Bullion for spot + $59 about 10 days ago. Could not pass up that deal.
Plan A is still in effect: working on one tube of Eagles, one tube of Buffalos, and two 10-coin tubes of Maples... 2/3 coins of the realm, 1/3 global favorite...2/3 is 24kt, 1/3 is 22kt... I live where Maples are readily accepted, and I'm under the 1099 limit. Figure this plan will hold till those US Mint tubes are full and then I'll reassess.
Good plan. 🤜🤛
A question that has dogged me for several years but never thought to ask.
🤜🤛
Can't go wrong with that list at all! While I do have most of those and others, I do continue (for the most part) to stick with American gold!
Nothing wrong with that at all. I have a mix of AGEs, gold Maples, and a few gold Britannias. I like the low cost of the Britannias and the security features as well as
the 4-9s purity. I like the Maples because I live in a northern state where Canadian coins are quite common. I also like the AGEs quite a bit and would sell them last
during hard times. I don't care for the buffalo design, even on a nickel, so don't collect them. I would consider buying some pre-1933 US gold coins if I could get them
at reasonable prices.
🤜🤛
What are your thoughts on US commemorative gold. I’ve got a couple of smaller pieces and I am considering a half ounce Jacqueline Kennedy proof premium is low but US mint and has a dollar face value.
I have a few commemoratives. Hard to know which are going to do well.
1/4 - 1/10 Britannia and Krugerrand are my favourite. I accept I pay a higher premium for fractional but I like that I don't need to sell 1oz of gold if I ever need some cash. And I don't know if this is true or not but I believe shops/people are more "willing" to buy smaller fraction of gold because the potential buyer pool is much larger if we're talking about a 200-500 coin compared to a 2000 coin. So I have hope that I'll get some of the premium back when selling it.
I like fractional. I’ve never found that they have a larger buyer pool, but they’re more flexible. Cheers!
Exact the same for me. Especially since gold is hovering around $2,000
Most LCS prefer fractional or silver because it is more profitble.
I’m so glad I sold yesterday 😅
@2is1, Buffalo did come as fractional in 2007 (1/10th). I have seen that there are selling at 3 to 4 times spot price. As a collectible and since they may never come again as fractional, do you think it is worth buying ?
I know local options are the best but I can't seem to stop buying American coins. The Maple Leaf is beautiful but I see that same obverse on all my pocket change. At least I can avoid tax if I get Buffaloes. I'm in the US on vacation so I'm probably coming back with some new Buffaloes to add to the herd. Thanks!
That's an interesting take. I think I'd want something to look distinct from pedestrian coinage too. I hadn't thought about that. Cheers!
You can't legally "avoid" tax.
@@ItsEverythingElse I can avoid sales tax if I buy 24k gold
@@TheQuickSilver101 Agreed...Avoidance is legal, and how accountants and tax attorneys make bank; Evasion is what'll get you.
@@wda-59-14 Absolutely. Buying a certain kind of gold so you don't have to pay sales tax is completely above board. Not paying capitol gains when you sell, That's evading and will get you smacked with fines and you'll still have to pay anyway
Pre 33 has it all MS 63 about the price of Buff. You can’t ignore the best.., If I was a serious stacker easy . No brainer pre33 .
Yet another hand goes up from the back of the class, this time from the intellectually-challenged kid. Can you explain to us, professor, why you don't stack any gold bars when they have a lower premium? Is it liquidity upon sale, premium spread, security features, something else? All of the above? Otherwise, another fantastic video, thank you!
When I started, dealers would break them out of the assays to run acid tests on them. That left them with non-assayed, second-hand bars that were hard to sell, so they weren't popular with buyers and their buy-back prices were really low. Today, most dealers have high-end scanners and can test pretty easily. Popularity hasn't caught up yet, probably because the U.S. Mint doesn't produce bars. But I'm more open to them now than I was when I started. I just haven't had a big reason to jump yet. Cheers!
Reruns are weirdly popping up on very good channels... This one, Doug Casey, Maneco64, 😮
i just like 1/4 eagles. cause if I wanted, I could by other !/4 coins and the size would be about the same and I would a neat collection of
different designs.
🤜🤛
Chinese gold pandas: smash or pass? US gold commemoratives: are they 1099B or same as Eagles/Buffalos? I personally like the British Sovereigns as fractional foreign, all types. Also, might put out a video of what to expect of damaged gold coins on prices.
Pandas aren't on my list. I'm a hard pass. 1099-b requirements are pretty specific - nothing from the U.S. Mint. Cheers!
If i decide to trade gold back to a store, what price do i get? whatever value gold is at or the spot price they are selling at?.
Loving that pocket knife.
Hello 👋👋
All Gold Bars are good brands. In my country it's a popular Swiss Pamp bars+ Millat Gold Bars Dubai brand.
The other one's excellent as well. As long as they are 999.0% pure
🤜🤛
I know they're your fun options but What about the spread on your 2021 Liberty 🐎 once graded? People are asking $5,500-$7,000 on ebay. Even though it's double spot to get one. Also what are your thoughts on grading?
Depends on how it grades. You never know until you get it back.
I wanted to like the Britannias, but I just can't do it. I can't see myself ever wanting to stack them.
They haven't really stuck for me either. I couldn't explain why.
I enjoy your videos. What is your opinion on the 2023 Great Britain Gold King Charles Coronation Sovereign?
Nice coin. Good bet it will have collector value for some.
@@2is1gold Thank you!
In the states that accept G & S as currency 💲 I saw it has to come from the U.S. Mint. Is this true?
I have both! More rounds and foreign coins than U.S. Mint.
Victorinox! Nice.👍
It was a fun release!
I suppose the good reason for other coins is simply because you wont sell them unless you really have to due to circumstances, Gold is still Gold. As for me, once i have collected a few nice world coins it will simply be Kangaroos, Britannia, Maples and some Perthmint Lunars and Chinese myths and legends.
One of the things I like about Perth Mint coins is they're all the same size. I can keep them in the same tubes and know they'll all be handled pretty similarly by a local dealer. Cheers!
You didn't mention the benefit of the lower initial cost allowing for a larger quantity purchase over time. If the goal is to hold for the long term with the hope that the spot goes up appreciably, well then every ounce matters. Regarding fractionals, everyone overlooks $5 gold US Mint Commemoratives which can often be purchased for a 4% premium, but I understand that may be difficult for everyone to access. For most investors in PMs, I think your advice is wise. 😎
I think for most people, buying what's easiest to sell is the best plan. Like you point out, Commems aren't widely available or widely understood (i.e., popular). I have a local dealer who sells $5 Commems for fire sale prices unless he has a line of people wanting them at any given time. He's said before that he doesn't like the odd size for inventory purposes, so he sells a handful of coins for a point or two over spot. There's probably more than that going on, but he sells Roosters, Sovereigns, Commems, etc. that way. His buy back on those options, though, is terrible - 5% or more back of spot last time I checked. It was worse pre-2020. My concern would be how they'd sell in a time gold wasn't hot. They're for people with a specific plan. Cheers!
@@2is1gold You make good points. Thanks for taking the time.
Do u pay tax on your gains under 5 k in Australia?
Do they make platinum kurand
Love the show as always. I'm stacking buffalos and eagles but found a deal from a private seller on a krugerrand that was too good to pass up so now three categories I'm stacking here In the USA.
Nice!
Being from 🇨🇦 🍁 I buy mostly 🍁 but I do own foreign coins also 😊
The 25 or more Maple leaf 1099 requirement is not a big deal if you make multiple transactions with each transaction containing only 24 coins to avoid the requirement am I correct...?
Does it work the same with 1/4 oz gold bullion coins
The difference is more exaggerated with fractional. Britannias pull further ahead on the deal.
Brits are the prettiest. But I love the nostalgia of krands. If I was a music person, I could see myself loving harmonics. But I keep eagles, need to switch to buffalos for a while though since I don’t have any. All that is just my opinion, stack what you like.
Those LIMITS on the sale...max 25 ozt Maple, Krug, $1000 Constitutional Silver, 1K of Silver bars, 1 Kilo of Gold, before the 1099 form is triggered.
I've ALWAYS been confused on the TIME FRAME to those limits on selling AND buying.
Same type of question I have when buying. I'm told to remain UNDER the$10K cash before triggering a report that has to be filed.
Are these limits on buying AND selling, on a per transaction basis? On a daily, weekly, monthly, yearly basis. Is that a lifetime limit on selling? I've never got a clear answer, even from my LCS.
There isn't much clarity. The rules specify a sale or series of sales.
@@2is1gold Ahhhh. Thus the LCS’s dodgy responses, at best. I’ll keep asking around. Thanks for your wealth of knowledge. StackOn.
@@2is1goldthe series of sales is because you are required to report people who are trying to structure their sales to dodge reporting. So if you sell 20 Thursday and 10 Friday than the dealer should fill out a suspicion form to report structuring. You gotta go to multiple dealers
Why pay for overpriced 22k eagles , sunshine mint gold rounds are made by the exact same supplier of blanks. Dont buy If its not 24k .9999 maples . Keep your off yellow 22k junk. Junk silvers a trap too. Good video😊
What do the big bullion dealers pay for gold when purchasing from the mint in bulk? A percentage or a flat fee and how much if known?
It varies of course on the buyer, the volume, and the product. The U.S. Mint publishes its wholesale prices. For 1 oz gold coins, it's 3% over spot with a minimum order of 1,000 ounces. Silver Eagles are $2.35 premium per coin with a minimum of 25,000.
So hard to buy when I bought at 458 a oz. Now so much more. 😢
I really want to get into buying gold but it’s expensive and I feel like I’m spending money even though it’s an investment
I am from Canada and i buy my gold maples at 1 percent over spot (my private source) and i can sell them anytime to local dealers at 1 percent over spot.....But none of mine are for sale :)
Nice!
Who are you buying from?
Do you continue to purchase 1/4 oz coins? I appreciate that it is a great option for people who want to make regular, frequent purchases, but I just have not gone that route. I exclusively have one ounce coins. Even when spot prices take a dip, I choose to wait until I have the funds to make a one ounce purchase. I don't have anything against fractional gold, it's just a better value for the full ounce so I choose to wait.
I buy 1oz primarily.
Buy AGEs and Buffs with your Brain. Perth and exotics with your heart. Know the differences and enjoy the ride. Cheers.
🤘🤩
purchases of American gold eagles triggers 5% sales tax
at this moment (spot 1959.80 USD) means I pay 2040.60USD plus 102.30 USD in tax
A 24k Maple right now goes for 2014.50 USD (no tax). That means I pay 128.40 USD more to have an AGE?
After conversion that means I am paying $171 for a 24k coin plus a slight bit of silver and slight bit of copper?
LOL..... not a chance!
I'd rather grab a gold Maple and 4 silver maples for the same price as 1 AGE.... any day, all day bud
Like real estate, coin shops are local. YMMV
🤜🤛
Instead of selling all gold at only one coin shop or all at once, why not spread it out to various shops and trips for the sales to avoid capital gains tax reporting
My favorite LCS sells AGE/Buffalo 4.3% premium but Brittanias 2.1% but I think it’s spot buy back
However the other LCS sells at 6-8% and less than spot buy back 😢
Your favorite shop has great prices.
It pays to shop around.
Isn’t the Krugerrand one of the most recognized gold coins ? Can you go wrong ? Or are there better options? I am talking keeping it ,…long time.
They're great, but some regions have strong preferences for 24k coins.
What do you think about $10 1/2 ounce 9999 coins like the first spouse series. When I find them close to spot, I always grab them.
It is a smart buy provided you are not in a hurry to sell them. Coin shops prefer silver and fractional gold.
Jefferson, Jackson, Van Buren, Buchanan proofs have great designs, not many 9999 1/2oz coins have been minted by the US. Saving big time on premiums way leas than half ounce eagles. Bonus they all have very low mintages.
Still here ..your welcome...
🤜🤛