quote:

Originally posted by harvey976g:

Its not,look at the larger dealers right now and some are right at 50% over spot. Some dealers are right around 20% on 1/10oz.

Most 1oz rounds Eagles,Maple Rands are about 4-5% over but fractionals are up there.

What price do you get when you sell a fractional coin? If you get somewhere close to spot, then buying fractional coins for 50% over spot is stupid.

I don't know anything about Krug's but I purchased 10K of 1 oz Gold Eagles in 1999 and I believe they were right at $270.00 each at the time...picked up a bunch of new Silver Eagles too and they were around $7.50 each.

I keep all the coins in our bank safety deposit box but drop in every so often just to look at and hold them...very satisfying feeling.

My financial "wizard" told me it was not a good decision to purchase gold and silver as an investment and instead tried to get me to invest more with him....got rid of this guy a long time ago

quote:

Originally posted by trapper189:

quote:

Originally posted by harvey976g:

Its not,look at the larger dealers right now and some are right at 50% over spot. Some dealers are right around 20% on 1/10oz.

Most 1oz rounds Eagles,Maple Rands are about 4-5% over but fractionals are up there.

What price do you get when you sell a fractional coin? If you get somewhere close to spot, then buying fractional coins for 50% over spot is stupid.

As of this morning I checked buy sheet from dealer and buy was $15 over spot but understand thats dealer selling. Most dealers will pay spot on fractionals of course the smaller 1/10 oz and 1 grams have the highest premium.

The reasoning behind buying fractionals that I usually read/hear is that they will be handier for common purchases after skynet or whatever. You know, blow jobs and such. Sure wouldn't want to only have 1oz. or more units of gold when you get shore leave.

Huh. I bought my first 1 oz gold coins at about $280/oz and my last ones (more than 10 years ago) at about $320/oz. And for a couple of years I was buying $100/month of silver Eagles, so I have quite a few of those. At today's values I guess I've got at least a year's worth of money in my safe, maybe 2.

flashguy

When buying of selling look for purity and if there is a monetary value ie: has a face value from a Government. US Eagles, Canadian Maple Leafs, Chinese Pandas, Australian Koalas, etc., you get spot +. A dealer who says $10 or $15 over spot is full or it. I was a Commodities Broker in the 80’s.

quote:

Originally posted by SIGGUY (THE 1ST):
When buying of selling look for purity and if there is a monetary value ie: has a face value from a Government. US Eagles, Canadian Maple Leafs, Chinese Pandas, Australian Koalas, etc., you get spot +. A dealer who says $10 or $15 over spot is full or it. I was a Commodities Broker in the 80’s.

Dillon Gage this afternoon was paying 9% over spot for common date 1/10oz eagles.

Also to note, the KR comes in both a bullion and a 'proof' version. The latter is intended as a collectable and is priced at a significant premium. The bullion coin is valued purely for the gold content with only a small premium attached.
Rand Refinery and the SA Mint are the manufacturers.

http://www.randrefinery.com



https://sabullion.co.za/wp-con...rrand-Coin-Guide.pdf