Gold American Eagle Coins

[roaddog359]

What do you know about buying and collecting these coins? Are they a good gold investment? Or is gold bullion better to invest in? Who is a good online company to deal with? Who offers the best pricing? Ect.....

[kilyung]

American Eagle and Canadian Mapleleaf are two of the better buys. I personally like the leaf (but then I'm Canadian). Stick with 1-ounce coins.

[roaddog359]

yeah, i think 1oz looks to be the better value? Any online companies you prefer that have good pricing and reputation?

[BigAl72]

Apmex

Sent from my SM-G930V using Tapatalk

[lovetrading]

In addition to apmex which they are great, I also use pennmetals.com to compare prices, these two are my go to online retailer. You also can buy directly from US Mint. Both, coins and bullion have .999 gold, except for the buffalo coin has less gold content. Anyway you always pay over spot. Since you only want to invest, then you should AlWAYS pay as minimum as you can over spot price, you will need to shop around and decide based on that. I personally don't consider gold as an investment, the return is low. But, it's safe. I treat it as my savings, only in a different form. Hope this helps.

[beshannon]

Originally Posted by roaddog359

What do you know about buying and collecting these coins? Are they a good gold investment? Or is gold bullion better to invest in? Who is a good online company to deal with? Who offers the best pricing? Ect.....

That would depend on your goals

[waQstar]

AGE and CML are both considered bullion coins, of the both the AGE is 22k in purity but weighs more than an ounce to compensate for diff, the CML is 24k, both are very popular and great looking coins, can't go wrong with either.
Apmex is higher on the premium but is a trust worthy outlet.

[Rolex addict]

I've dabbled in gold and silver coins. One thing I've never been able to figure out is where are people buying below spot prices? And then you have the hassle of dealing with people when you sell.

[goin camping]

AGE have been easier for me to sell than gold bullion.

Buying in person with cash from shops here in L.A. it is sometimes possible to get the sale price closer to spot when sales are sluggish.

[Etschell]

Originally Posted by Rolex addict

I've dabbled in gold and silver coins. One thing I've never been able to figure out is where are people buying below spot prices? And then you have the hassle of dealing with people when you sell.

pawn shops buy + or minus spot a few points. that said they get it cheap when people pawn and never come get it.

also, people who are going to smelt it down buy it for much cheaper than spot. i dont consider gold coins collectible if they are in circulation.

[JohnBaker3]

AGE's are a good alternative to any fiat currency (i.e. US Dollar). They are 22Kt gold; if you want 24 Kt then you need to get the Buffalo 1 oz coin.

They are not an investment as much as an insurance policy against a major decline in the value of a "federal reserve note" issued by a private bank (FED).

I like Miles Franklin as a trusted source; they are out of Minnesota and have never had a BBB complaint filed by a customer.

If you are seriously interested in doing this, don't wait much longer. There are about a dozen different financial "black swans" hovering over the world financial system.

[SPARTAN2161]

Weight aside, does buying specific coins make a difference with resale later on? Say 1OZ coins but an eagle vs. maple leaf vs. American buffalo vs. Australian (kangaroo) ? It seems they are all 1OZ and .9999 fine but different sale prices currently. Does that reflect the likely hood of selling them later as well? Meaning and Eagle will sell for a higher price than an American Buffalo?

https://www.milesfranklin.com/purcha...t-sellers.html

[armen34]

Good question above... does anyone know the answer? Does it also make a difference if they are old (ex. 1987)? Thanks

[NoRush]

Buffalos don't stack well.