Which is a better investment: 1oz. Gold Bars, or 1oz. Gold Bullion Coins?
I want to buy at least two solid gold 1oz. bars from pamp-suisse, but don't know about the profit potential of coins as an alternative to bars. What the heck is the difference? What do you reccomend?
Public Comments
- as long as they are the same purity an oz of gold is an oz of gold. the only thing that makes one worth more than the other is the person buying it adn weather or not they want to collect coinage or smelt gold.
- I have always heard coins but im not totally sure so i found some relative investing articles to look over http://www.articlesdirectorysite.com/articlelist/23/Investing/3/Finance/0
- technically it should be worth the same but i reckon that coins could be worth more than there gold value just because of the type of coin. theyre are a bunch of crazy coin collectors out there and you could luck up and get a good one. personally i would get bars because they look cool
- you do not have to get an assay on the coins
- Old U.S. Gold Coins: $20 Libertys $20 Libertys and $20 St. Gaudens (commonly called Double Eagles) are the most promoted old U.S. gold coins. These coins served as money in this country until 1933, until they were called in by President Franklin Roosevelt. Other popular old U.S. gold coins are the $10, $5, $2-1/2, and $1 coins, both the Liberty type and the Indian Head type. Whereas the $20 coins are dubbed Double Eagles, the $10 coins are called Eagles, the $5 coins Half Eagles, and the $2-1/2 coins Quarter Eagles. Old U.S. gold coins are good investments only when they sell at spot or at small premiums over spot. Look at the graph that tracks VF-grade $20 Libertys against the spot price of gold. At times, VF $20 Libs have traded at spot and at other times they have carried big premiums. Specifically, in the early 1980s, the late 1980s, and early 1990s, VF $20 Libs traded at spot; however, in the mid-1980s and the mid- to late-1990s, they gained premiums. Graphs that plot higher-grade Double Eagles' prices against spot show the same relationship. In 1992, MS-62 St. Gaudens sold at $20 over spot. CMIGS believes premiums on old U.S. gold coins could shrink further as the price of gold climbs higher.
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