The American (silver or gold) Eagle is the world standard of minted bullion. (There's other coins, rounds and commemoratives minted by the US Mint, but I digress...) The silver ones are minted to market demand. Canadian Maples are a close second. Anything after those two have a lesser premium, until you get to coins minted in lesser numbers. Then numismatics start and premiums go up. (Like the Mexican Libertad. For a country, these are extremely limited mintage coins, year after year.) Do you homework on what your purchasing. There's plenty of well known online bullion dealers to choose from. Don't have the cash for a 1 Troy ounce coin, then go with a fractional. There's lots of different sizes, 1/10 T oz is very popular. 1/4, 1/2, etc. Then there's different purities, too. Condition is everything. Damaged coins are refered to as culls and have near zero premiums. Please remember commodities are a volatile market. Plenty of times, they don't move with the market for a few different reasons. Supply and demand is just the largest reason.
Yeah, I do have several of the fractional gold coins, they're more expensive.
I've lots of silver as well. Seems like the Krugerrand was a big deal years ago. I've got one of those.
My dad dealt blackjack in Vegas in the sixties and my folks had a massive coin collection because of that, lots of silver dollars, they were in a crunch and sold them all.
Good info, thanks.
...lots of silver dollars, they were in a crunch and sold them all.
Lots of folks have a coin collection/bullion stack specifically for this reason. You can always pinch a few pennies and add as time goes on. Sell privately, never in a coin store or pawn shop, you'll get your premiums back on the fractionals. Good luck with your stack
And learn to test metals. You don't need much more than a scale, calipers, magnifier, and a ping test app on the phone.
You too.
The best fractional IMO is the which can be broken into small 1g bars. Fits into a wallet like a credit card. Best I know is at BGASC for $3,314 at the moment ($66/g, $2061 per oz). Maples seem to go for about that per oz.
Wow, hadn't heard of them, thanks.
are you saying these gold coins have value independent of the value of the gold they are made of?
Beyond the premium of a coin, say a few dollars over for a current year 2023 silver eagle, appropriately 30-35-ish dollars right now. Numismatics, yes. Some people collect coins for different reasons. Errors, rarity, low mintage, etc. I have a few errors, but the low mintage coins... Say one of 1,000 made? Take a set from Mexico, silver Libertad proofs (super shiny.) Can't find how much they're worth by searching, cuz they're one of a thousand. No one resells those, or they resell say a few hundred over just after original sale They just sit in private collections until someone passes or they really need money. Those sets are fairly coveted sets. Libertads used as an example cuz, the bullion, coin collecting community kinda went nuts for Mexican Libertads after the 2020 low mintage. Beautiful coins, but otherwise, just bullion. Like American Silver Eagles or Canadian Maples.
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