Pre 33 US Gold Coins And Reasons Why You Should Not Buy Them
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- čas přidán 4. 03. 2020
- Pre 33 US Gold Coins And Reasons Why You Should Not Buy Them is a Stacking Stormtrooper video discussing the pre 1933 gold recall of all US gold coins and reasons why you should not buy them. There are some advantages to owning pre 33 gold coins, especially ungraded gold coins, but some there are drawbacks as well and reasons why you should own modern day gold bullion.
DISCLAIMER: I am not a financial adviser; I'm merely a guy wearing a Stormtrooper helmet discussing my thoughts on precious metals.
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⚠️CORRECTION: At the time of this video, I filmed another video discussing reasons WHY you should buy pre-33 gold. In this video, I misspoke: American Gold Eagles are NOT .999 fine- they are .9167 pure. PEW PEW 💥 💥 to myself!
Stacking Stormtrooper yea I noticed that error. My first thought was that “Your bucket is too tight for your Head.” Haha. I don’t own any Pre 33 gold, I just haven’t gotten THAT PARTICULAR “bug” in my head yet, Thank Goodness! I don’t think I could keep up with yet another sub-category of PM’s in my Collecting! 🙄
@@silverdamsel3139 old dirty European gold is an addiction. Soverighns, Francs, Marks and ducats. Mmmmmmm
Stormtrooper fires blaster at self as penance for error. As predicted, both shots miss. Trooper continues making stacking videos undeterred
OurHeroXero LOL!!! I TOTALLY missed myself! Haha, nice buddy. Got a chuckle out of that.
Gotta get that pre 33 gold for history. At least some of it
When you cannot afford any form of gold and still watch the video for the content...
Samesies
Can you afford silver?
Yes but only in small quantities.
@@EpicCoinHunting Great! Sticking to a budget, even if small is key. Slow and steady wins over nothing at all. I know of people who's whole stack has been from picking up cans and other easy scrap metals. Small purchases such as 1-2 junk silver dimes add up. It may take 2 years, but a person can easily end up with 2 rolls of silver dimes in year 1, then take that budgeted $ over the next year to get that 1/20 ozt of gold. You can do it! At current prices a 1/20 is $95. This means saving $8 per month or close to $0.26 per day. You will have your gold to balance out your silver. KEEP US POSTED! We are cheering you on!
@@EpicCoinHunting hope life brings you luck and prosperity
You make good points. I love the pre 33 gold because of the history and beauty of it. Knowing it came out of the ground the hard way and the color of it appeals to me. I prefer to stack low premium bullion but i am proud of the pre 33 gold I have.
It's good that you specifically say "US" pre-33, because here in Europe we stack a lot of latin monetary union gold coins that are from the 1800s and basically have no premium; they are only 90% gold, but even the sovereign itself is 91% ...here that's sort of the standard to stack gold.
Personally I like pre33 -historical reason plus survival rate and had some of the best designs among American coins including modern era - liberty double eagles and $10 Indian heads etc
I think pre 33 is really pretty.
Agreed,just the fact theres still some around speaks volumes about the great unwashed masses back in the day telling the fed" up yours,i,m stashing it".
I don't have any pre-33 but would love to have some!! Eventually I will find a good time and price to pick up some!! Great vid! Thanks
Great Topic, Stormy. I just purchased my first ever Pre-33 $2.5 Indian Head yesterday morning when all Metal Spot Prices were down. Liberty Coin on eBay still has them at the best prices i can find. I think i'll likely get about 1 oz of the Fractional Pre-33 and eventually a $20 Eagle but other than that definitely sticking to Bullion Eagles and Maples.
I was looking at doing the same thing... $2.50 Indian Head vs $5.00... got cold feet and bought a 1/2 oz Gold Eagle for $1,020. But still researching my strategy to get a 2.5, 5 and 10 Indian.
If you are a pure stacker, it may be a bit more difficult to calculate the weight but I think people are okay buying pre-33 because premiums have come down dramatically on them in the last few years. As for purity, the Krugs and eagles aren't 999 fine either but are recognizable and recommended to stack. Thanks for the video my friend.
SalivateMetal thank you uncle Sal!!!! PEW PEW 💥 💥!
Sal I was actually going to do a video on this in the coming weeks... The reason the premiums came down is because there is an abundance since Europe sent a crap load back they were sitting on.. I would not touch the stuff unless they would certified and close to melt...
@@EmpirePreciousMetals please stop shootin ur uncle.
I like that you do the pros and cons of stuff because it is good to know both sides of the coin (pun intended).Thanks for sharing my friend.
i like modern AGE! I can actually hold it in my hands without fearing damaging them as much. Pre 33 gold are like museum pieces. They’re very important pieces of US history.
Pre-33 coins are actually slightly harder than modern AGEs, at .900 instead of .9167, so you are less likely to damage them. Many Pre-33 VF Liberties will show bag marks, which you sure won't see on modern AGEs. But they were made to be circulated. I actually worry more about handling modern AGEs, but I suppose I shouldn't, since even mint-state specimens have lately been bringing less than spot, when offered for sale at LCSs! I have more modern bullion than pre-33, but I think I may prefer the pre-33. They just ain't makin any more of it!
If it’s shiny, if it’s yellow, I’m in! As long as I can get it at a price I want to pay. Pre-33 will always be a minimal part of the stack, but I won’t turn away from it if it sitting in the LCS tray. I think I am about 100:1 bullion to pre-33.
Always enjoy the videos
love raw 1933 for the historical aspect.... but i stack it all baby!!!
This is dope - I need advice on the subject matter too
The objective benefit of pre-33 gold coins is that they qualify as “collectible” in certain marketplaces. It gets subjective really fast beyond that.
So, does that make them the object of the subject?
I think all Gold is really neat... I particularly love Fractional Gold 1/20th, 1/10th and 1/4 ounce Gold Eagles 🦅 and Maples 🍁
That pile of gold looks awesome, congrats
So I shouldn’t buy them because they’re not pure gold? Hmmm...I think most can understand and do the calculations. Don’t get me wrong, I love the pure Canadian Maple Leafs but dismissing the Pre-1933 isn’t for me. Thanks Stormy.
Talking Bullion this was a follow-up video to a previous one discussing why we should buy pre-33. I love pre-33 and will be buying more. 😉
Good food for thought Stormy.
Nice stack!
Nice video. Thanks 😁🇺🇸
I've been weighing the pros & cons of pre-33 vs bullion, some of the reasons you listed being a factor. And I think, yeah, if you're wanting to add to your gold stack, go with the bullion rounds or bars. But if you want gold, as well as historical value or if you are a coin collector pre-33 is the way to go. I like both and would be happy with either, just depends on the person and what their goal is.
If you like historical and numismatic coins, pre-1933 gold is the way to go. If you prefer bullion gold, American Eagles ect. are the way to go, that simple. I have a little of both.
I agree and was actually going to do a video on this topic.
I agree too, it reminds me of the color of a certain vegetable I don’t like! 🤣😂😎
Silver Wolverine potatoe potato. Naw Vegetable. Cause you know Braindead and all! 😂🤣🤣
@@SilverMac47 are u the one who did the Craigslist ad against the vegetable u dont like?
Good topic. My LCS pays 5% under spot for them vs 2.5% under spot for modern gold eagles. Bummer... But I still like the old pre 33. At least you can buy them for closer to spot too.
Dude id go somewhere else. I wouldn't sell below spot. Pout it online and they sell easily and you can get some premium bacc.
@@jmiahrealone my original comment was years ago. It was the market at the time. Today, December 2023, the market is much different. Pre 33 premiums have climbed.
I will be uploading my video on this topic soon with a stacking stormtrooper shoutout
Silver Wolverine nice, please let me know when. Keep in mind this is a follow-up video to one I did discussing reasons one should own pre-33 gold. I love both bullion grade and pre-33 gold...love it all!
Stacking Stormtrooper It’s posted..
@@SilverWolverine95 link?
But (if it's not a collectible coin) you can hold it it your hand and measure the width, diameter, and weight you can determine if t's real. But if you have a bullion coin which you can't touch because it's "perfect" you have no idea what you really have.
Cost at APMEX is about the same as eagle - pre 33's pretty and it is worth $35 to have NGC grade them -the weights are understood by anyone who buys gold -
Love pre 33 gold, American history and all American gold from the gold rush. They survived Order 66, may the force be with them.
Richard Simpson LMAO! Nice!!!
If u are just a stacker yeah just stick with newer bullion. But as a collector I only buy pre 1933
Thank you !!
You’re welcome!
Im still chasing the leprechaun for his pot of gold😁👍
Pre 33 are awesome. Lynette Zang says they are best, But buy Graded.
Pre 33 gold is my favorite to buy
Hahha dude I freaking love this. "I'm a guy in a bucket"
Id buy them, but only from a very reputable dealer....too much risk buying these online from a stranger....too many counterfeits.
Cleaned pre 33 is usually close to spot. When you sell dealers give you cleaned price anyway...
You lose some gold weight, though. I made this mistake. When I bought a double eagle and brought it to my LCS to trade it, it was missing a few grams.
@@EmpirePreciousMetals Yikes
Stacking Stormtrooper excellent point. Definitely worth weighing, before buying a cleaned coin.
You should buy whatever makes you happy, not what some CZcamsr tells you.
I tell people this.
Eagles are not .999 fine though. Still an ounce of gold.
SpegTacular I know, I posted the correction in the description right after I uploaded.
Bought an MS 62 1927 $2.50 Indian yesterday
Wow, sick
Vintage Stormy 👍🏽
I think you should buy it cause you can easily invest in these coins and get an even better price in 10 years from now
All gold is pre 1933 it's been here for along time. If the price is right but it.
Im unfortunately saving up money for a trip so no previous metals for me for a while lol but I'd probably snag at least one pre 33 just to say i have one
I buy both when the price is right. At this time, I am not buying gold at all. I will wait until the price is back at or below $1,300. 😀👍
Fingers crossed 🤞🏻
I guess then you are never buying gold again
You'll never be buying gold again my friend.
this didn't age well.
What were pre-33 coins cut with to make them 90%?
What type of question is this? What do you mean by cut? Pre-1933 gold were alloyed with 10% copper to make them 90% gold
Ron Ralph's son copper.
I am sorry to have irritated you so much.I don’t know the proper terminology,but you answered my question anyway.I will save my questions for others.Lol
Ron Ralph's son so you know, you didn’t irritate me. MonkeySwag is like that sometimes. 🤷🏻♂️ (I’m a teacher, there’s no dumb questions, so ask me whatever you want.)
Don’t buy pre 33? Weird.... Why is that a double eagle costs more than a 999 gold buffalo? With pre 33 you have the weight in gold and the numismatic value
Hey there! So here’s the deal- the title/thumbnail always needs to be a bit “controversial” or make a statement to peak people’s interest on the subject. The video itself, though, I talk about some of the reasons you should not buy it- depends on what the stacker isn’t looking to do. BUT, I own some myself, I love it, and if I’m not mistaken, I thought I did a video on why you SHOULD buy it. I’ve talked about it a bunch. I like the pre 33 gold. 😬👍🏻 I like ALL gold, actually lol.
When you go to sell you will find that numismatic value is mostly bullshit. There is less spread ask/bid for AGE and Buffalo for sure. Not much so if you want to buy a couple that's fine.ST. Gauden $20 is a particularly pretty coin.
I disagree whole heatedly. When you correct your video's let me know and we can begin the education process of why your wrong. We can start with FDR did not confiscate gold to pay off foreign debt. It was to be able to print more gold backed fiat and put that into circulation with in the U.S. He also made it illegal for banks to use gold to pay off more than $1000 in foreign debt. This alone makes your statement wrong.
stackn and packn I posted a video discussing why pre-33 gold is good to own. Thanks for watching! Hope witness protection program is going well.
@@EmpirePreciousMetals I am doing good, had to move again, but other than that, the program is functioning as it should. If I disappear I was either found or just upset the wrong CZcams'r with one of my comments. 😁
Gold is gold. Get it all🤔
I don’t have any, yet.
Yet. That's the key word. And that where I'm at too. 👍
Background music very distracting 🤣🤣
🫡
Very nice gold investment collection . I like the 1oz Gold buffalo .9999 fine gold . If I buy a 1/4oz gold coin it is the lunar series or maple . Just started making my videos , if you have time come check me out . Your Cajun subscriber & Thanks for all that info !
What you sacrifice in gold content, you make up for in numismatic value. Negligible and kind of a wash if you ask me.
Looks like you have a lot for something that sucks
Haha.
Don’t buy the older ones…but he has a lot of them….I think they are a lot cooler then the new ones I rather have the older ones
Thanks Mark!
Ha,what about 2020 AGE? Aren’t they 90% gold just as pre 33?
AGEs are 91.67
@@EmpirePreciousMetals Right,right.Too bad the AGE have brownish color hue due to too much copper in them I assume.
Ah american gold eagles are not .999
but they have an ounce of .999 gold in them, just added copper which makes these coins heavier and not .999 as a whole coin but their is still an ounce of .999 fine gold in the coin.
to think of pre-33 gold as bullion is foolish
Go look at the follow up video to this where I discuss all the good things about pre-33. I own several slabbed and graded pre-33 coins
I didnt like the video, it was at 33 😂😂😂
#4 reason. Counterfeits. I know from personal experiance
You probably got scammed because you're confused......
@@MrMonkeySwag96 nope got my money back. Because i got sigma tester
Aren't you kinda short to be a storm trooper
Sadly….yes 😖.
Are you crazy? Pre-33 is the best gold for the money. It’s both numismatic and bullion. I can’t buy any other numismatic coins at bullion prices. Also dealers a selling them for melt because no one want some of the pre-33 especially the quarter eagle.
So you missed my video why you SHOULD buy pre-33 gold it seems. As you can see, I own pre-33, and I want MOOOOOOOORE!!!!
Bro I hope in your newer videos you stopped playing that annoying music. Might have been a good video but I couldn't listen to that mess.
Yep. No music.
Have you changed your mind?
Andrew Hart I don’t dislike pre ‘33. I got a handful. I love em. Heck, I love all gold, lol.
@@EmpirePreciousMetals me too and me too :) it's tough for our generation to figure out anything without having the older generation dictating the pace/flavor though. To be expected I suppose - keep giving up to date info!
Heresy heresy
Dazedandconfused stacker Lol!
You are so, so misinformed. Go on and buy bullion and just wait to see how that plays out.
I made a video talking about why pre-33 is great. I own a bunch. You need to watch the other video bud.
I will not buy pre-33 gold .
To many counterfeits
To high of premiums
If I can get it for spot or close to it I may buy it but all the pre-33 I’ve seen they always want to charge to dang much for it .
Sovrighns and francs
Premiums on Pre-33 is ultra low as long as you’re avoiding key dates of course many times you can even get them for BELOW spot.
SpegTacular I agree with Speg. These can be found under spot and are great in a stack IMHO!
Get a tester. Mine paid for its self already
I’m just talking from my experience in my travels I’ve found them kind of high I will always keep my eye out for any gold around spot and like to ask my lcs about deals and stuff close to spot . I’m also not an aficionado in older gold I’ll be the first to admit it
I melted all mine and threw it in the river! It’s worthless scrap metal
Silver Mac lol!!
You said you sold off a lot of yours and then you said you will be buying them. WTF
Wtf are you talking about?
Make up your mind dude.🙄
This was a two part video series: one talks about negatives to owing pre-33 and the other talks about why it’s good.
@@EmpirePreciousMetals i understand,just joking.sorry,input is always good pro and con.i,ll make up for my lack of common sense by subbing.