Watch This Before Buying Random Gold Coins
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- čas přidán 19. 01. 2023
- I was told I'm doin' it wrong, buying anything other than Eagles, Buffalos, Canadian Maple Leafs, or Krugerrands. Does your choice of gold coins really matter? It does to how much you pay. It also affects how quickly you can sell. But that's a guideline rather than a hard rule.
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I buy gold and other assets on a dollar cost average schedule 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. I talk a bit about cryptocurrency, mining stocks and other equities as well. Cheers!
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Thank you!
Thank you for the video and advice.
Your videos are very educational. It amazes me how you never run out of good topics to talk about
Love your sane approach and the admission of the places where a little insanity creeps in. On the whole, I have based my approach on your approach, although I am only able to stack at a lower rate and do interleave more fractional than you do. When I do the "less sane thing", I too am attracted by the Perth stuff and also this new bullion coming out of Spain the last couple of years. Bottom line, your advice - training really - has been very helpful and is much appreciated.
Glad some of this is helpful! Cheers!
Great information
🤜🤛
Always enjoy your demeanor that you have when you put out a video. Too many videos I have to admit they instantly raise my fear of missing out when it comes to buying gold and silver. But I am sticking to my guns and not buying until my current goals are reached first
That's the way to go - Cheers!
Can you do a video on the negotiation process when selling coins to your local dealer?
I like how you show both sides of gold buying. On the practical end it is important to have something that is more liquid. It is okay to have a fun side when purchasing, but it always goes back to everything in moderation.
Absolutely. Cheers!
this guy's shop just likes to rip people. you could sell anything he is talking about in 10 min for spot online. welcome to the 21st century guys
Great video! So interesting about the preferences of individual stores based on their customers' demand. I saw one video where a guy tried to sell his gold Eagles and Maple Leaf coins in Chinatown in NYC, but one of the stores was only interested in Chinese Pandas.
I saw that too. You don’t take 22k coins to an Asian market. He should’ve read the room!
I like the idea of splitting the stack into a liquid portion, like eagles and buffalos, and a "fun" portion with foreign frac, novelties, etc. The former being designated for emergencies that can be unloaded just about anywhere at any time, and the latter for when money is tight and you'd like to free up some cash, but it's not as urgent as an emergency. That's the stuff that can go p2p.
Good review interesting to watch video like this!🙂
Yes in my experience the different coin shops all have their individual preferences ..good to have a few shops to go to.
The high volume shops with strong online presences (like Bullion Exchanges) are like candy stores. I just rarely get to them in person. Cheers!
Nice video and God information, thanks for your insight, keep up the great work my friend!!
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nice video thank you
In other words, separate your fun stuff from your stack and know the difference and why if you have to sell either/or what they will (probably) sell for and to whom. Great information, very important, as with most things understand not only the entrance and reasons to hold something...but the exit which is probably THE most important information. So many people don't ever bother understanding the exits of their assets unfortunately and they could (but not necessarily) get taken or ripped off for any various reasons. Knowledge is power!
You sir are my motivation ✊🏾
Appreciate that. 👊
I bought the luner III collection. I like them ;) I'm going back and watching all your older videos prior to me finding your page 🤘🏻
🤜🤛
Buffalo's and eagles would be great to stack if premiums weren't so high compared to what places will pay for them. Personally, I love the Britannia design, just like the look of it and the complications. Maples are nice as well. Krugerrands are just trusted everywhere.
Still nice to have a few randoms. My favorite random is the John Wick coin. That one isn't going anywhere though.
Thank you for sharing . . It's always interesting to see a different view point as to the who what when where and why related to Gold coins . . . I respect all personal preferences . . . ME ? - I want the highest quality gold content for my very hard earned dollars . . My best coin for me to buy may not be your best coin for you to buy . . I understand & I get why LCD only pay spot or below . .
Look gold is priced by spot price when its about wealth preservation if you are doing this right . Its about price per oz period . A 1 ounce gold coin if the dollar collapses completely will be the same no matter what kind as long as its 99.999 pure .There will be no premium when the fall comes and you will be spending extra mony for a name . Don't be dumb folks .If your just coin trading do you wealth preservation when it becomes about trading gold or silver it will be about weight .Doubt me just do some past history reading when gold and silver was traded for goods .
Sure, just let me drill your coins otherwise I won't accept them
@@KenGroth-ts6ge then don't accept them it is what it is . I or nobody needs to do business with you remember that .
Man i wish i could find a local shop i have been searching for years and all i have found within an hour away are places that buy gold and silver but they only auction it off online so they dont sell anything. Ive been stuck with just buying online. Thanks for the video
Online sites have gotten really good over the last few years - they even buy back. (Local shops are nice, though.) Cheers!
I have been watching this channel for too long, I also have one of those 188 High relief rabbits and I picked up one of the 2017 US mint Liberty Proofs for the same price as an Eagle and I missed out on a 2009 US Mint Proof coin that looks like the St Gaudins coin at my LCS. I got bit by the Gold Bug hard.
Keep up the great videos
Ha! The peer pressure!
Great video awesome!
Thanks!
Thanks for the perspective I have never asked at the LCS....he seems to have a little bit of everything
Some areas get better variety - secondhand typically. I haven’t run into dealers who actually order anything other than Eagles, Buffalos and Maples. Cheers!
i stack gold maples seems to be the happy medium between prem price and also how easy it is to sell back
Recently I decided to trade up some $5 and $10 US commemoratives, because they made me tabulate to four decimal places. The LCS allowed a pretty good swap deal with reduced premiums on the zero-to-two decimal place replacements. The shop deals primarily in numismatic stuff so bullion buy and sell numbers are taken directly from on-line dealers. That was news (!), and means I can pretty much predict exactly what buy and sell will be on anything I or they have. Excluding pawn shops, they are the only local dealers, are congenial, are in walking distance, and now are predictable, so I’ve got it pretty good!
That's great! You have it very good. I'm willing to pay a bit more at a good lcs. Looks like you don't have to. Cheers!
I did just buy a Gold bar though which I can sell quickly on EBay or JM Bullion.
Thanks for your good work. Buy to sell spread and vasilbating g spot seems a bit like counter party risk. Maybe purity is less important than durability if daily commerce returned to real money.
I like the reference to Seinfeld. We watched every episode. Thank you for the video. Have a good weekend.
You too!
I make sure I have enough eagles and buffalos for fast liquidity if I need it. Then I have a layer of pre 33. Mostly because I like it and then I have the random stuff just for filler weight. I think each has it's place but you just have to be aware of what you have any why you have it.
Great points. The most local coin dealer I can get to in the UK is pretty similar but with the Britannias being preferable in the 1 oz size then Krugs. Buffalos etc he doesn't care. Sovs are his favourite which suits me
I wish we had a low premium option like Sovereigns. Cheers!
I had a collectable cartoon gold coin given to me that I tried to sell at a local dealers about ten years ago. I went to three local dealers who would only give me spot price or a little bit over spot at the time. I knew the coin was worth more so I thought I'd try one of those We Buy Gold shops. The guy there knew exactly how much the coin was worth and offered to buy from me for much more than spot and more than what I knew it was worth, I didn't hesitate to sell it to him. Sometimes you just need to shop around to find for those kind of deals your looking for not just coin shops. Especially when it comes to those antique coins and collectables that make them difficult to sell or know what they are actually worth. So I understand 21s logic for sticking to what he knows best.
I figure Eagles, Buffalos, Maples are a safe direction. A very close second are Brittanias and Krugs. I love them all though! Great channel my man!
Thanks!
Good start to Friday
Have a good one!
Even though you don't purchase many pre 1933 u.s. please check with your coin shops to see how they feel towards those coins for walk in purchasing. They seem cool to them but we're a small city or maybe they're playing hard to get. Thanks for your effort to encourage.
Two of my local shops really like pre-33. The price they buy and sell them for is always changing, though. I always have to ask ahead of time. Cheers!
Really good topic. Aligning on thr most common Sovereigns is the best strategyto maintain liquidity...so, where would you unload rare coins? Fleabay has a lot of risk associated with selling pricy things. Btw...roosters are good for spot...and that's about it. Don't expect a premium..even for being fractional.
I would try Instagram first.
my lcs tends to go through 20 frank coins. I'll see them for a few days at most then they are gone.
had a change at britsh sovereign gold from 1981 and a queen victoria from 1899, but passed to save up for something else.
Was waiting for the show and tell on this coin. But homie don't play that. At least I got to see it. Thanks.
😄
Nice! You got the high relief, Series 3 Lunar Year of the Rabbit. Very nice, I see your on your path to complete the Perth Mint's Gold lunar series 3 high relief set. Keep up the good work. It's nice to see a change from Eagles and buffalos every now & then
It’ll be very difficult to find the first two!
@@2is1gold yeah im missing the first one of series 3 the Rat , but im collecting in the standard Au ,not the high relief, although the high relief would be nice . Best of luck getting the first 2
What about pre 33 double eagles? Spot or no?
I've been buying Britanias Just ordering from SD....Really like the security features....
I think they’ll continue to get more popular. Cheers!
Bullets come out of the best security feature
Same, I like the security features but also the premium was low.
With the purity and the security features you cannot lose. It is one gold coin I would feel secure buying from just about anyone. To me the security features are everything.
I added a Britannia to my stack back in November and bought a new type 2 K. Charles this week.
My mind is blown. Thanks for your time!
Ha!
Here in Toronto you'd think the highest demand would be for Maples, but that's not always the case. Multiple dealers around me prize Buffaloes above a Maple. If I'm going to buy a random bullion coin I'd probably buy a Britannia for the low premium and how easy it is to move (pretty easy). If I want something semi-numismatic I'll buy whatever I want, resale be damned. Thanks!
The larger the metro, the larger the buyer population. Toronto has that. The CML is a gorgeous coin, though. You don't know how good you have it! 😄
I think it is smart to buy well known bullion coins from well renowned mints. It could be that British coins aren't that popular in the US, but in Europe they will have a much greater acceptance. The Philharmonikers as well. The coins I would buy if I looked at this subject globally (in unprioritized order) :
1) US Eagles
2) US Buffalos
3) Austrian Philharmonikers
4) South African Krugerands
5) British Brittanias
6) Austrailian Nuggets
7) Canadian Maple Leafs
You have a couple of other coins that looks pretty good, but they are rather unknown out there. I also for some reason don't trust Chinas mint. Some part in me just think they are spraying gold over cheap copper coins or something. It is probably just me ... but still ...
These coins go for what $300 in gold price?there's a site I know of they sell gold/chains etc and they are selling a pendant of the eagle coin 2016 I believe and want $950 for the 1/10 oz any thoughts? Major ripoff?it's in a 14k frame..
I have a question, basically in my country, there’s 2 ways of buying gold coins. The bank and online. The bank is more expensive but is the safest, and online im having trust issues, how do I know that its real gold and it will be shipped without problems? Arent you afraid of this when you bought ur gold online?
My random coin turned out to be a US arts medal from 1980. I basically ended up breaking even on it after being told by several dealers " cant sell them" lesson learned. Stick with the crowd favorites. Cheers 2/1. Great content as always
A dealer has to have a lot of volume to turn over random stuff at a decent price. People with access to the giant dealers have a bit more freedom to buy the odd stuff. Cheers!
There’s a few other US coins like that (Mark Twain, etc) that are tempting because the low premium.
But I’ve resisted the temptation for this very reason
@@pborkstrom your correct!! When spot moved up i found a shop that willing to buy @ 92% and i broke even. Whew!!!!! My LMU's were easier to move. Eagles for me is the rule.
news flash coin dealers rip people of its how they make money. your dealer can sell anything, They just want you to think otherwise so you will pay the premium on certain things 1oz =1oz
@@yohanvonwulfman9581 ill disagree with you. All gold isn't gold. I got a stack of Helvetias ill sell ya. Cheers
Most of the metals I’ve ever bought have been from CNI in CA. Never have been able to find any cheaper, but the premiums are so high, just can’t justify it right now. Are the premiums from local coin dealers any better? As I write this their buy is 1930.00 +/-, sell is a 130.00 premium. It used to be 50.00. Has the costs of procuring these coins from the various mints gone up significantly in the last two years?
The costs have gone up a little. It’s a factor of crazy demand. I went years at $40-$50 over spot. I think I got too used to that.
For someone who is getting into this. I take it there is a serial number incase of theft?
I just bought a 1 oz gold Tombstone hammered round. It was too cool to pass up.
Living in Uk ,Britannia's and Sovereign's first choice as cheapest to buy.Saying that I got my first pre owned Buffalo last week at $30 above new Britannia,1oz.Thinking of selling Sovereign's and buying more fractional Britannia's ,although again some decent prices on pre owned 1/2 oz eagles that are tempting.What are your thoughts on buying preowned?They are from reputable dealer.As always great content and insight.
I'd be OK with buying pre-owned gold coins from a reputable dealer. I'd want to check the weight, diameter, and thickness and also use a magnet
to reduce the possibility of buying a fake coin. That's just good sense, IMO. Not that such simple tests would be conclusive but they would be
better than nothing.
Buying pre-owned from a trusted dealer is fine, and a few basic tests regarding authenticity should be enough to give you peace of mind. But the more important question is: why on earth would someone living in the UK give up the privileged tax treatment given to Gold Sovereigns and Britannias (VAT and CGT exemption), only to buy some humdrum nondescript run-of-the-mill foreign bullion coins?
If you’re going to buy ordinary bullion in the UK, always stick to Gold Sovereigns and Britannias-no exceptions. Anything else you buy-especially if it involves giving up the special tax exemptions of British legal tender gold coins-should be of enough sentimental, curiosity, or other collectible value to you, to justify the difference in the financial hit that you take via the extra taxes upon purchase (VAT) and sale (CGT).
I live in the USA, and I can only dream of getting the sort of tax exemptions on bullion purchases and sales that you UK residents get to enjoy on your Gold Sovereigns and Britannias. For you to give that up to buy some ordinary bullion-mintage US Gold Eagles is just plain unjustifiable, if you ask me, especially if the only reason that you’re doing so, is merely some discount in the premium, as opposed to collectibility or sentimental value, which might at least justify taking the tax hit.
That’s just how I see things, but I wish you luck, regardless.
Concur with all of it.
The premiums don’t bother me. They seem relative to the coin type. Also, I look at the premium on a numismatic or collectible as a price for a gift that keeps on giving. For example, Wife’s birthday this weekend. That very nice meal will cost $200. About the premium on an AGE. That meal only lasts till breakfast. The very beautiful numismatic may be enjoyed for generations.
Agreed. It’s all relative. Cheers!
"That meal only lasts till breakfast."
Yes, that's true, but the memory of a kindness lasts forever.
Great video! Btw, not sure why, but I can’t do any community posts on the members only content. Anyway, have a great day!
Huh, that’s weird!
With the random coins, most dealers view them as they do bars in assay cards so if one looks at it from that perspective at the local level, then bars would be the way to go. Every brick and mortar dealer is different so a quick visit or call would be in order prior to deciding on which path to venture down. That new UHR sure is easy on the eyes. Cheers!
Cheers!
I’m interested in purchasing your 1oz GB gold Royal Arms.
How much are you asking?
I mentioned in previous videos that I started buying gold/silver in July/August of 2021 when premiums were going through the roof on both compared to previous years. My luck on timing. In the recent past life reared its ugly head and I had some unexpected bills arise, so I needed to sell some of my silver and all of my gold of ~ 13 oz's. I sold Eagle's and Britannia fractionals and Buffalo's. I got some of my premium back on all of my gold, less on silver but as a whole I lost money on my sales, but I didn't have to sell any gold for spot or less. Turns out I have some medical bills that I need to pay as well so the decision to sell was in my best interest then and now.
With all that said I am buying back into gold and less into silver. I learned from my previous mistakes and will not make them in the future. I have a type 1 2023 Britannia and a 2023 RCM Maple Leaf (both 1 oz) on the way. After that I will buy exclusively Buffalo's unless I buy any fractional which would then be Eagle's. I don't plan on, in the near future, to buy fractional gold so I'll stay with 1 oz gold coins for now. I wasn't happy with having to sell my gold (especially my two Buffalo's) but I was able to take care of 'life happens' at the time. Good video.
I’m in Canada and we steer clear of any “eagles”, my LCS charges the same for eagles as he does for maples(silver) otherwise the premiums are too stupid to chase that unicorn. Besides, when the metals rise in coming months or years…an oz will be an oz, no point being snobby.
I'm pretty lucky with the LCSs that I use. I generally receive spot price for any of the non U. S. Gold that I sell. From a 1/10 ounce to a full ounce and Government Bullion to Assayed Bars, it's all spot. Knowing this, it's easier to make purchases because I can calculate what I would need spot to do in order for me to sell if there was the need for it or if i just felt like it.
Needless to say, it's always a bit over spot price for AGEs or a Gold Buffalo. How much over, that varies.
That’s great. Bars for spot is especially nice. Cheers!
Does that hold true for fractionals too? Gold tenths and quarters? I was gonna ask your opinion on that gold quarter war of 1812 coin Silvergoldbull has at a lower premium? It's 9999 minted by Canadian Royal Mint
It does. Fractional has higher premiums, so dealers have more room to mark them down, though. I know one of my local shops would happily buy anything like that, but you might not like what he's willing to give you for it. Cheers!
Yeah for liquidity AGE is the way to go. But man I like me some pre 33s and collector coins if priced right.
Yeah, I'm with you!
I noticed you mentioned the old European gold coins right at the end of your video. I have been accumulating them for a while. French, Swiss and Belgian 20 Francs are all readily available. So are Dutch 10 Gulden and British Sovereigns. I know I have to sell them at lower premiums but I am OK with that because I have bought these with premiums as low as 3%. The lowest premium coin I've found is the Austrian 100 Corona 1915 restrike. I guess its odd weight (.9802 oz. troy of pure gold but it is also .900 fine) the premiums have been as low as 2%.
I mention them because a) I like them, and b) my local dealers do not. 😄
I have a question, how do you feel about the U S commemorative coins or maybe they are government round
I buy the High Relief Liberties and a few others, but I'm not a huge fan of the Mint's pricing. Cheers!
I really don’t like the color of the Eagles! I prefer pure gold. Also, the detail quality of Maple’s and Kangaroos are much higher. Nice job on your channel!
Some time ago it crossed my mind to set up an online gold coin shop that was going to be called "The Random Coin Shop". The idea was to have a very varied sample of coins available (Buffaloes, Maples, Britannias, Kangaroos, Philharmonics, etc.) and the idea was that the price of an ounce of gold for my clients would be the result of taking an average between the price of all coin models. The customer who wanted to buy would get a random coin, so sometimes they might be lucky and get a Buffalo, or unlucky and get a Philharmonic.
Take that idea online!
@@2is1gold It's a bit expensive and I feel too lazy. Lol.
@@2is1gold Besides I would be tempted to send always the cheapest coin, telling the client that it is the one he got. Nothing that cannot be solved with a few hundred bots writing on the Internet that they won the Buffalo or the Completer.
Doing business honest is rewarding....no bot BS, Skippy!
@@sandracrandall4561 I was joking.
Interesting. I like the Britannias because of the design but mostly Eagles, Buffalos and pre-33. I buy the “fun” stuff in 1/10 oz size.
Britannia craftsmanship is top notch for sure!
I love the Gold Britannia. Would buy those before I would ever buy a Gold Eagle. The only gold coin that I would buy over a Gold Britannia is the Gold Buffalo.
Question.. if you could only buy one between the Buffalo with a low premium on sale at the moment, and the 2023 King Charles coronation cypher coin with a 5000 mintage.. which would you buy? I’m wondering which would sell for a higher premium 10-20 years down the road and if anyone in the states would be more interested in it over a Buffalo.
Waiting for my 2 Buffalos to arrive tomorrow
Excited to see them in person
1st gold coin was an eagle but I want that 24k shine
I'm sure you'll love them!
I love both of those and can’t decide which one I like more!
This is why I hesitate when people suggest buying whatever is cheapest and stacking that. I see this the most with silver stacking and I guess if you're going "to the moon" it won't matter, but if you're staying here on earth sometimes it's not so easy to move
Awww, you got your bunny...mine is hopping in today. You gotta have some tigers, ponies and bunnies to go with the eagles and buffs; it keeps things fun and interesting.
Agreed. I just keep them a little further back in the safe place. Cheers!
@@2is1gold The difference between tubes and boxes I guess?
What's buying in Dubai like ?
Brings me back to the seinfeld days " NO SOUP FOR YOU! " hahah
Ha, yep!
At my LCS, everything that's a modern, government-minted bullion will fetch at least spot. Whether you get spot or spot+something is entirely dependent on market conditions. I've been given spot before, and I've also been given spot+7.5%. It just depends on how badly my guy needs the supply. The same guy also sells old European gold, but I've never tried to sell him any (since I don't own any), so I don't know what he pays for it.
I’m only have 1 LCS but when I asked them what they like and pay for. They replied “we buy all gold” usually 5% over spot but I’ve never sold so I a hard to say what they really will do
What country?
@@2is1gold America, I haven’t been in sense the rally but that’s what they said
Dang! I have been looking for that coat of arms coin too...
I have two, so I was curious more than anything. Seeing it on screen, it blows away an Eagle. It's not what I stack, though, and I was curious how the LCS would react. Cheers!
@@2is1gold yup. Makes total sense. I have my core boring stack targets, which I was 100% committed to at first… funny how you swear you’ll never become a “collector” and buy into the whole overvalued numismatic craze…and then you see your first real ultra high relief gold coin in person, and you’re like…ok. I love that you’re pragmatic about it though and don’t try to justify it under some fiscally sound goal (meh, other than because it supports your great content CZcams viewing). You wanted it and it isn’t huge cost compared to the grand stack. I've got my sights on a 2009 UHR double too, but maybe wait until (if?) spot comes back down. Nothing "pings" like a gold Eagle though…
What about Mexican 50 Pesos liquidity? Spot or no?
In Singapore, the royal arms or the queen's beasts have a premium of 40-60%. I love them but the premium is too high here. Wonder why?
Wow, it's a gorgeous 24k coin with limited release. This is the year the Queen passed. I would have been dumb to trade it, but I was curious. Cheers!
Nice blade, what is it
I buy any gold goin if it’s spot
🤜🤛
Selling gold for paper just doesn't work in any capacity, in my eyes. Giving paper for gold, that's a much better proposition for me but I understand, sometimes you need cash... It just hurts to think about it. Great video!!
It's part of my plan to sell some gold, when needed, in retirement. This would be to bolster my income, especially during periods of high inflation.
I got a Coloured PM Lunar Rabbit 1oz Au (187/188) on the day of release at the Perth Mint (there were only about 2 remaining for sale) as the High Relief were unavailable :( I figured it was just over $1000 AUD over the regular 1oz so about the same premium 45% as the 1/20 oz PM coin, so the premium didnt feel so crazy. Really quite surprise PM didn't put up the price as spot was having a big run. As someone who gonna hold for over 25 year, in the long run I think it be a good buy. Just need to wait till around 2027 for spot Au to get over $4000AUD not a huge deal.
Buy the most common gold bullion and save the random cool coins for the silver stash
I called SD this morning, talked to Brock , ordered 1 Eag. (Currently 50% off premium on the random year) Also added on a ten ounce Brittanica. That was a compromise I’ve really been wanting a one hundred ounce Brittanica bar since last summer when spot was 17 but they didn’t have that in stock then, now spot is 24 and I can’t afford going that high.
If I think about a liquid low premium coin, I think about the Philharmonic. Paying a hefty premium for Eagles does not make sense in Europe.
I wouldn’t touch Eagles there either. CMLs are really the only coins I think would be a good choice everywhere. Cheers!
What do you think of the new King Charles UK gold?
I’m pretty neutral on it.
Can't under those ears
I've stayed away from eagles and buffalo's so far. Silver eagles as well. The premiums are just too much compared to maples and Brits. Maybe I should reconsider... What's the best premium % you look for that says BUY to you?
For me, it is 5% in gold and 15% in silver. I have bought above both of those numbers but try to limit those to an acceptable
minimum. When premiums get stupid high, I have NO issue with stacking cash until they become sane again. Haven't bought
an ASE since 2018. I like them a lot and have a large number of them but also like Maples and have a similar number of them.
Liquidity for everything is going to crash. Only $20 bills and fractional egals will be truly liquid to all dealers…when the depression hits.. even dealers will be short on cash.
I haven't made a purchase since the end of July waiting for prices to go down again. 60 days later I became homeless for 3 months thanks to a hurricane. Back home now with spot prices and premiums elevated particularly on AGEs and Buffalos. I guess I'll just have to bite the bullet and pay. The 4 coins you recommend in the video have been my only purchases.
Hope things a w going well now!
I thought EBay is 13% to sell a coin? How do you break even on eBay?
Mostly Buffalo and eagles for me, so have some others that I saved on premiums
Over all gold is gold unless when I sell with best options then…. Just stacking now
My strategy is different. I buying random coins when is dip, they are always selling and buying around spot price. When is dip, eagles and Buffalo have huge premium. When prices going up and premiums going down, its time for selling random and make extra cash to buy eagles and Buffalo
You want eased liquidity combined with investment value. If you live in America, just stick to Eagles and Buffalos. Screw foreign gold coins and PAMP Suisse bars are not highly sought after either.
That’s the best line.
Gold is gold. At the end of the day once it doubles those premiums won’t matter. It’s like buying gasoline from mobile station or a Mirabito. Makes no difference. You pay extra for a silly sticker. For beginners is best to stack weight and don’t worry about a stamp.
Eagles are the ONLY gold I buy. I bought alot of silver last year during the dips, but mostly Silver Eagles, for the exact same reason. I buy what's easy to sell. I confess, I bought some fun collectable rounds and a few Germania Mint silver bars, but I would sell those last because those are to keep and not resell unless I really Really REALLY had to.
I'm with you. I want the stuff I can move with no friction first. Then I'll grab some fun stuff to hold on to. Cheers!
@@2is1gold Rock on Dude! 🤜🤛
I'm in the same camp. AsE and AGE
I still don't understand how folks don't "lose" money buying gold. I want to get into it, but it seems like it never goes up in price and you lose your ass if you ever have to sell. I want to believe it is an inflation hedge, but it just does not seem to have alot of liquidity or utility. Maybe I am just doing it wrong.
As time goes by, I am losing confidence in LCS’s. Selling any bullion back at less than melt constitutes a “negative premium.” I will eat my gold before I sell any of it at less than spot. Forget ebay, I will sell on Craigslist and meet the buyer at a bank.
Reddit and Facebook groups work too.
My thought is if I hold long enough for a one off gold coin that I bought for 1800 and spot goes to $2,400 then I could sell that one off for a little less than spot and be okay. But I also try not to purchase one offs any more, And I definitely won’t buy a gold bar or gold round.
Been stacking like 6 years...stacked a house and a condo ...never plan on selling..My only goals are to live in a van down by the river ..cheap living
Ha!
You don’t think royal mint Britannia’s and Australian Perth gold kangaroos etc liquid too? Vs kreugs?
They're both good options. In Southern California (my secondary), they're closer to Maple Leafs. Kind of a regional thing.
@@2is1gold I hate to say this but ALL gold is liquid. The only thing debatable is fiat pricing.
In my area shops want to pay $100-$150 less than spot on an ounce coin it’s ridiculous
Damn. JMBullion has a good buy back program.
@@2is1gold I’ve always wondered how people get spot price back for gold I have no intention on selling been stacking for a few years now but would be good to know where to move it if needed all shops I’ve asked here are a good bit below spot thanks for content I always watch 👍
@@2is1gold I haven't tried it but have heard that SD Bullion also has a good buy back program.
Total waste of money for those obscure Gold coins. Liquidity is the key to success.
I would rather have the Royal arms any day over the Eagle. With the radial lines it is a beauty. I believe that coin will perform better than an eagle also. It just takes the right buyer.