Buying and Selling Gold Coins - Everything Else You Need to Know

[@Fastgt2003]

Holding a gold coin is a special kind of feeling . Everyone needs to experience it

[@2is1gold]

Agreed!

[@HarrisonCountyStudio]

Not enough gold (or silver) for everyone to hold a one ounce round or coin. At least not at the same time. ✌🏽

[@Fastgt2003]

@@HarrisonCountyStudio who said own it ?? Multiple people can fondle it

[@LassieFarm]

It's a red pill 💊 moment

[@edwardrook8146]

Do you feel that pure gold has a better feel than alloyed gold like the American eagle? I feel my maple leafs are more reflective and yellow, and the American eagle looks very dull by comparison. Yet somehow the eagle allures me

[@ChicagoTarnow]

I made one emotional decision of buying a gold bar when everything else was literally out of stock. As a little boy watching movies, I though the bars were the ultimate way of accumulating gold reserves for whatever reasons. Thanks to you, I will stick to Eagles and Buffalos in the future, and I feel comfortable about it.

[@2is1gold]

I get it! Good luck!

[@tgonzalez1983]

I’m new to stacking but I’m really enjoying my new hobby. I don’t have a lot of money but my little stack is my little stack. It’s easy to waste money on stupid stuff too but the tips in your videos help!

[@2is1gold]

Hey, thanks! Good luck!

[@SilverRipples.]

You just gave out valuable info. 100% of these other channels have the time and desire to make videos, but 96% of them have never sold a gold coin. EVER Thanks for keeping it Real ✌️

[@2is1gold]

Thanks, Ripples! I think it's important info!

[@slayerstacker2074]

That Britannia is the most beautiful coin I've ever seen. I get mesmerized by it 😍😍😍

[@2is1gold]

It’s 🔥

[@DS-tt9vz]

The 2021 gold Britannia is by far a winner. Saving for one, did buy a few 2021 silver Britannia to hold me over.

[@seaby71]

One of the best channels on pms. Great content. Thank you for your efforts.

[@2is1gold]

Thank you - I appreciate that!

[@chrissummerfield9583]

I started stacking bars beginning of this year but traded them in for 1 Oz coins half way through. Glad I have gone with coins for stacking you get a better deal if you want to cash out . great video again .

[@2is1gold]

Yeah, coins are the way to go. Bars sure look cool, though!

[@godhavemercyonme3832]

Why don't you buy pure gold bars in kgs from us?

[@keikofay9804]

​@@godhavemercyonme3832 This speaks to one of this video's main points, which is to keep in-mind WHY you are buying it in the first place. If you accept the general rule of thumb that precious metals investments should not take up more than 5-15% of one's total assets, then one should keep to that ratio. If you have the financial means to put $60K into a single kilo bar of gold, just know that is going to need to be resold through special channels set up to move larger value bullion, not the local coin shop. A recommendation I see a lot is to store MOST of it in a vault, buy some to trade and some to hold in the event of an emergency.

[@godhavemercyonme3832]

@@keikofay9804 Well you might be right in some point but here the raw dore gold baes never lose it value and it have it main function in the electronic gadgets manufacturing. So think outside the box and link up to cool deal on how best my company ca help serve you with right specification of gold bars.

[@keikofay9804]

@@godhavemercyonme3832 Yes. The way your comment read, I thought you were being specific to the 1-kilo weight option. However, if I misread it and you are referring to all fractional kilo denominations, then I fully agree with you. We are new to buying physical precious metals and have much to learn yet. But indeed, the purity and less fettered makeup of simple bar gold is not lost on us. It's stunningly beautiful. I just happen to like coins, but my husband seems to dig on the aesthetic of bars so we will likely hold both. We plan to buy silver too.

[@juicestacker1950]

I love it ! I totally agree that’s why my 2021 resolution is only stack AGE in the gold side

[@2is1gold]

You have great discipline! Eye of the tiger! 😄

[@chanelj1675]

I’m so glad I found your channel. I find it very useful for me. Thank you

[@2is1gold]

Thanks!

[@thinkforyourself9311]

This by far the best Gold channel on KZbin. Very rarely do I have anything to disagree with. You know when someone has the experience and when someone doesn't. This man knows what he's talking about.

[@ryandiego3934]

The poor sees every opportunity as a scam while the rich keeps getting richer by investing.......... Invest and spend wisely also

[@jamesrodriguez6765]

Exactly 👍👍

[@jamesrodriguez6765]

Despite the economic crisis I definitely think it's the best time to start up an investing especially with the current rise in Bitcoin price

[@Dylantannerfitness]

You are the man! I love your videos and the collection you’ve established is incredible. One day I will be stacking coins like you! First up, I am going to do the 1/4 oz American Eagle, easily my favorite besides my blood ties to the Canadian Maple Leaf!

[@2is1gold]

Great place to focus! Thanks for watching!

[@joelhurtado3652]

Thanks for these insights. I haven’t bought any gold yet (I’m still in the research phase) but definitely considering it as a hedge against inflation/market crashes.

[@patrickkerner1471]

Worry about deflation!

[@GnosticCushite]

@@patrickkerner1471 I don't think deflation is going to happen for a long time.

[@sirrathersplendid4825]

Most governments round the world seem to be doing their hardest to create inflation. Some inflation can be good for an economy, problem is when it gets out of hand.

[@felonstomillionaires]

Gold will SKY ROCKET

[@ronnyl3865]

The last purchases I did were indeed roosters and Helvetia and German mark. The spot price was pretty good. And also I’m originally from Germany so I have a kind of connection to those coins. But you are absolutely right about selling and that is something I didn’t thought about. I have to go back to eagles and Buffalos. Thanks for the reminder. Greetings from Vegas Ronny 😎

[@2is1gold]

Yeah, I like those coins. I just don’t want to deal with them in a sale! 😁

[@jeffwoodward6171]

Where do you buy in Vegas Ronny

[@gsony1919]

I agree to the most popular buying options to go for it. Thanks for covering about the bars too, may be now I would be more inclined towards Eagles and Buffaloes.

[@2is1gold]

The shop owners have unanimously cautioned me against them for 1oz or smaller.

[@drockdro10]

I know all I need to about gold coins by now, just here to admire your collection

[@jeremiah1059]

I'm binge watching all your videos. Educating myself about the topic as much as possible before I start buying any gold bullion. Can I ask you a question? I've been seeing the quarter ounce Britannia quite a bit under the eagle on JM and APMEX (522 vs 630) Is the Britannia and Philharmonic still a good buy for the long term stack? I'm thinking about buying a quarter ounce a month for at least a year. What about getting a couple silver eagles a month as well? I appreciate what you're doing and keep up the good work.

[@2is1gold]

I like the 1/4 oz Brits and Phils. They’re both the same 22mm diameter as the Eagles. Of the two I prefer the Brits. I’m not buying Silver Eagles at current premiums. Even if you can get them for $35 or $40 and that might not seem like much, the premiums are wildly out of control. Good luck!

[@elecoloco7318]

a coworker was looking to buy gold. I pointed them to your channel.

[@2is1gold]

Thank you - I appreciate that!

[@coolclearfacts6105]

Another excellent video. Keep up the good work. Cheers.

[@2is1gold]

Thanks for watching!

[@immytv7146]

Selling my gold will be the hard part as I wouldn't want to let go of that beautiful yellow metal but I'm sure the huge amount of £$€'s I'd receive would make it easier lol

[@cyclopsstaxx2849]

You nailed it!! Take that profit when you can. Sit on the cash until the next deals come around and buy more gold than you had to start with. Don’t get sucked into the “ I’ll never sell my precious metals “ frame of mind. ✌️

[@TheEnneagram]

Consider the benefits of NOT falling love with your coins. If you don’t mind selling the stuff at the right time and for the right reasons, then you’ll benefit more from owning it than you might otherwise. It’s only money, which is never as sweet as SOME of the things that money can buy. When I sell gold (and silver), it’s only to buy stuff that will increase in value ... never to pay bills or to be a consumer. I like to take profits when I can, but I don’t mind selling when I have a good use for the money - regardless of price. For example, I just sold a couple of ounces to buy a well-researched spread of mining stocks while THOSE price are low. They will 5X long before the bullion will 2.5X.

[@cyclopsstaxx2849]

@@TheEnneagram 👍 Well said

[@DS-tt9vz]

I plan on holding gold, selling silver to buy more gold. If I do take gold profits I will not sale more than half of my gold holdings in case mountain peak was not reached.

[@immytv7146]

Does anyone plan on selling soon or holding for long-term like say 10-15 years? I don't have much gold, due to the price of it, but I have had gold for four years and made good profit from it so far

[@stillhere007]

Very comprehensive and thorough. Thanks!

[@2is1gold]

Thanks for watching!

[@branned]

1 Oz South African Gold Krugerrand Coin are well known?

[@2is1gold]

Maybe the most well-known in the world.

[@SilverBritches]

Pre 33 are they as good as the copper kruggerands?

[@2is1gold]

I like the $5 Indian Heads. The rest are lost on me, honestly. I just don't like to say it, because the posse is always watching!

[@SilverBritches]

@@2is1gold grab the rope and Pitchforks!

[@2is1gold]

@@SilverBritches I still need to break out my Krugerrand and do a pink hued love video on it. Just to make up for past verbal indiscretions.

[@SilverBritches]

@@2is1gold nah man bash it like never before.

[@2is1gold]

😂

[@rossfrid3159]

Don’t forget JM Bullion especially if you are a veteran. Every purchase will be “As low as” pricing no matter the quantity.

[@2is1gold]

That’s a great point and something I do forget (because I’m not a veteran). I do use them, and My info was part of their security breach, so I have mixed feelings at the moment. Thanks!

[@golddividends]

I had no idea veterans get that as low as discount? How do they determine if you are one or not because I am one. Would love to take advantage of that!

[@rossfrid3159]

@@golddividends There is a section describing the process. Just type "veteran" in the search bar and "Do you offer a military discount?" comes up. Click on "here" at end of sentence and the process is described. When your account is coded for veteran, then the prices will automatically be changed. Hope this helps.

[@brentackerman]

Did not know this! Awesome info!

[@GardenerEarthGuy]

There's a coin shop owner in Portsmouth Ohio who sent me a flurry of emails over making an offer he didn't like. He said a bunch of crazy things, but wouldn't take the offer to settle it in The Streetbeefs channel ring. Coin shops have positive and negative sides to them- control freaks are that way until offered a boxing match. Stack on- coins are bomb. GEG

[@2is1gold]

😅

[@linnspencer2210]

The Britannia is a gorgeous coin!

[@2is1gold]

Agreed!

[@dotaezreal2646]

where to buy gold in canada?can you suggest online or local?

[@user-sg1bn2ij2k]

Would you recommend against pamp lunar calendar or lunar legend bars

[@Juan_Doooh]

Yeah, that significant other advice…very good advice. If mama ain’t happy nobody’s happy.

[@donaldinnewmexico]

HI 2. I ALSO LIKE $5 & $10 US COMMEMORATIVES. BUT I AM COLLECTING, NOT TRYING TO FULFILL A DEALER'S BUY BUY LIST. I HAVE BEEN COLLECTING THEM FROM THE MINT SINCE THE 1999 GEO WASHINGTON. OVER 9 OZ. OF GOLD TOTAL. COLLECTING GOLD IS REWARDING IN MANY WAYS. *TYU*

[@2is1gold]

I like the idea of commemoratives too. I wish they’d round to actual 1/4oz in the future, and I wish some of them were more interesting. Maybe they need to hire the person making the decisions at the Royal Mint these days. Hope you’re well!

[@billconstantino8491]

So , I just purchased some gold ( first time) I got a 1/10 oz , a 1/4 a 1/2 and a 1ounce American Eagle , Beautiful,,,, this is the beginning of my Gold adventure,,,,,, to be continued,,,,

[@Eli-qr9hc]

Great info and besides that, you’re the Johnny Carson of video intros. Well done bro

[@2is1gold]

Ha! Thanks again, Eli. I always appreciate your support!

[@theblindsilverstacker4771]

Good advice always buy gold that you can sell quickly if needed

[@2is1gold]

Agreed!

[@TheEnneagram]

Excellent conclusion covering arguably the most important part of stacking. Cheers.

[@2is1gold]

Thank you! Appreciate the comment!

[@sparcx86channel42]

I bought my first quarter ounce gold since November but won’t shipped yet I’m starting to be worried wvout

[@2is1gold]

Send the seller a note!

[@PistolPackingPilot]

Sweet video. Can’t wait for part 3.

[@2is1gold]

Is part 3 about cryptocurrency? *ducks* 😄 Congrats again, Pilot! Hope all's well there! (It must be if you're on KZbin!)

[@PistolPackingPilot]

@@2is1gold Thank you. Yes my friend. A very healthy baby boy and we left the hospital a day earlier than planned, so all is wonderful.

[@2is1gold]

@@PistolPackingPilot wonderful!

[@SalivateMetal]

Great buying and selling tips my friend. Well stated

[@2is1gold]

Thanks, Sal!

[@P37RU5]

I think you might have an amazing camera. I can easily see all the details in this coins, regardless the on the table or in your hand

[@2is1gold]

I've been using an iPhone. Eventually, I'll switch to a dSLR. I'd like to get them clearer yet! Thanks for watching!

[@davidferrer5709]

I love collecting coins since I was a kid. Five years ago started collecting when I had money to spend. I would keep my coins even if gold is 10,000 dollars an ounce. Can’t afford gold anymore so I will purchase silver and one platinum coin when 800 an ounce.

[@2is1gold]

Yeah, good luck!

[@godhavemercyonme3832]

David, you can still buy it when you find Bengs Gold mining Company. They can get you good quality and affordable gold.

[@timjones1583]

When selling long distance. I use walmart. Walmart to walmart is a cash deal. And ask the buyer if he wants shipping insurance add that cost. NEVER use paypal. Scammers love it.they just say they never received it and paypal returns the money without your knowledge or permission.

[@2is1gold]

I've had issues with PayPal as well.

[@DLR2542]

I like the Canadian Maple leaf and have been thinking about purchasing one. However, I'm not a fan of the queens head on it. In your opinion what is the 2nd easiest coin for you to sell?

[@2is1gold]

1. Eagle or Buffalo 2. Maple or Krugerrand 3. Philharmonic, Britannia or Kangaroo

[@fireboltaz]

Do you recommend first strike gold coins?

[@2is1gold]

Nope. There's no additional value to me. One exception to that for me might be for the first strike Buffalos some dealers sell. I wonder if they have slightly better QA.

[@pauld8790]

I finally broke down and spent the money and bought some Buffalo gold. I sold 70% of my silver stack and slowly moved it in the gold and cash. When you're up 45 50% you got to cash in. Silver should have reached $50 long time ago

[@2is1gold]

“Silver” should have reached $50?

[@pauld8790]

@@2is1gold yea fixed that. Lol. I'm 58 years old been following silver for 40 years. During the summer when gold hit an all-time high silver should have easily been $35 to $50. When it didn't break Thirty I sold 29 28 27 holding some for the Long Haul but a lot less good luck happy holidays. 2021 oughta B interesting

[@2is1gold]

@@pauld8790 I've only been following it for 12, but I did the same. If 2020 couldn't send it to $50, we're looking at industrial use cases driving its price. I'm mostly out (of silver) at this point. Cheers!

[@AlohaStacker]

I am still just a buyer and sometimes trader! Selling has not started yet!

[@2is1gold]

The "honeymoon phase"! 😅

[@masterstacker2833]

11% premium today on purchasing a 2021 Gold Eagle at a leading online dealer. That seems high to me.

[@2is1gold]

It is high. Hoping that cones back down soon.

[@billweldon73]

Is there a standard “range” of premiums over spot gold such as 4 to 6% and 8 to 13% over spot silver?, when buying and what is a fair % over spot when selling to an last?

[@diaservices3454]

Any experience with bars- like a 100 or 259 gram valcombi?

[@2is1gold]

Local shops have always told me to avoid them because there are fewer buyers.

[@tonyb6847]

Hey 2is1 can you tell what kind of coin holders you have thanks and where I can buy them

[@2is1gold]

Yep. ▸ 32mm Direct-Fit Capsules (Fit 1 oz American Gold Eagles, Gold Buffalos, etc.) amzn.to/38TpVE9 (10 capsules) amzn.to/3F1FYgX (20 capsules + tube) ▸ 30mm Direct-Fit Capsules (Fit 1 oz Canadian Maple Leafs) amzn.to/3pYmLoO ▸ 27mm Direct-Fit Capsules (Fit 1/2 oz American Gold Eagles, etc.) amzn.to/3nVpfCq ▸ 22mm Direct-Fit Capsules (Fit 1/4 oz American Gold Eagles, etc.) amzn.to/2LHteFN ▸ 16mm Direct-Fit Capsules (Fit 1/10 oz American Gold Eagles, etc.) amzn.to/3roUzLy

[@LassieFarm]

Tenth ounce. Easy to sell ?

[@2is1gold]

Yep.

[@LassieFarm]

@@2is1gold good because I have enough to stuff a pillowcase 🤣

[@standingmannequin7911]

Great insight to consider.

[@2is1gold]

Thanks!

[@goldcic]

Pandas are short weight wise. If you make jewelry buy scrap at spot or bars to melt & cut.

[@uncareid5557]

SD Bullion is offering $22.00 over bid for ASE's. I have nothing but praise for them. That said, I have been buying mostly from CMI in the past year or two. Slightly lower premiums with high minimums. I have not sold anything in over 10 years, I am near the end, but an still in the accumulation phase. Done with gold, need another monster or two and I will be done with silver. Looking for mint sets for my grand kids. My bicycle is almost 50 years old. I bought it used when I was a teenager. I think I should get a new one. There is always something.God bless you all!

[@2is1gold]

Another monster or two?! Wow, that's some serious dedication to silver. Go get yourself that new bike! That should be fun! Cheers!

[@uncareid5557]

@@2is1gold I moved to central Tennessee. This is great bicycling! Gentle hills, smooth pavement, courteous car drivers. Such a change from North Jersey. Plus 5 grand kids to motivate me.

[@theenglishprofessor8411]

@@uncareid5557 Envying you from the broken state of Illinois! Enjoy each day---

[@dkpqzm]

Has anyone ever had a difficult time purchasing gold from an on line bullion clearing house? I recently placed an order from SD bullion and I was using a VPN and my order was flagged and they told me I couldn't purchase from them without sending them my I.D. and I refused. This made me very suspicious OF THEM. The thing that irritated me was it was for just a .25 oz coin, it wasn't like I was ordering tens of thousands of dollars worth of gold. I've never had this problem from any other dealer, I shouldn't have to show I.D. just to purchase a small amount of PM.

[@2is1gold]

That’s extremely odd. I’d be put off too.

[@doogcat]

sometime ago i tried to order from SDB as well and they ask me to send a copy of my Drivers license all i have a say is buyer beware

[@hugostiglitz4215]

Try Liberty Coin on eBay, they are bigger than JM and I've tested all gold pieces and they're real. Liberty coin had been running since 1965, they are solid!

[@Bullionexchanges]

Different dealer weighing in - Although we understand things like this can be frustrating, these sort of precautions are implemented in order to protect the customer just as much as the dealer. We can't speak for SD Bullion or any other company besides our own, but if we see an order was placed from a location far away from the billing address, we would always want to certify it's really the actual customer making the purchase. It would make the ordering process so much easier if everyone had good intentions, but unfortunately all too often this situation happens because someone tried to use stolen card/payment info. This is why verification policies might seem extra strict - it's because most dealers go above and beyond to protect the financial security of our honest customers. We hope this clears some things up! 🙏

[@appleztooranges]

What about nationwide coin & bullion? They got special special promotions!

[@2is1gold]

Special promotion, singular. They have a loss leader.

[@appleztooranges]

@@2is1gold I’m sorry just because I don’t wanna pay full premium at my local coin store for $2,000+ or on the web like apmex or jmbulluon for $1950 for the same 1 oz American Eagle gold coin I could get for spot (today is $1779) + free 1 oz ms70 coin with it doesn’t make a loss to me! I don’t know where your going with this. Just seems like attitude to me

[@caink9142]

Where to sell 1oz silver maple leafs? I have 120 coins

[@CashAndCoinsYT]

Man, I think you covered just about everything.

[@2is1gold]

😄 Thanks for watching!

[@23Keith23]

Just picked up my first PC of gold 1 oz buffalo from LCS and it cost be alittle bit more but he had a tester right in front of me and dealing with cash was nice

[@bullionaddict9164]

Stacked more foriegn gold this year than I ever had in the past but I'm still much heavier in U.S. gold. I believe it was the high premiums that influenced my thinking this year. Don't get me wrong I actually am happy with my purchases but I'm really considering my exit strategy with the foriegn gold after watching all your videos.

[@2is1gold]

Premiums and availability messed with my plans this year too. I wonder if the KZbin commentary influenced me to try some new options too. I get a, "why don't you have any Libertads?" comment every hour or so! 😄

[@kanrongyu]

Why American eagles 2021 are priced lower than the release price (on US mint) at both apmex and sdbullion? This year version is not popular?

[@2is1gold]

The US Mint only sells proof state coins directly. Proof coins cost more.

[@kennypfister3584]

Why would gold sell under spot price like "roosters" or be harder to sell. I get it no premium but why not full gold price?

[@redredcollections6066]

Great info. thanks your channel

[@charizard_baller69]

Hey there newer listener here, do coin shops usually negotiate the prices of their coins? Let's say they're asking 2K for a buffalo, am I able to negotiate a little bit or is that kind of forbidden in this space? Thanks

[@2is1gold]

My dealers don’t budge unless it’s a collector coin with higher premium.

[@antoninoamico544]

How much over spot should you be paying for AGE?

[@thinkforyourself9311]

You should be finding ways to buy them for under spot. That goes for all gold in this current market.

[@2is1gold]

But 4% if you aren’t as clever as Cowboy. (I’m not.)

[@reneperez540]

Were is the best place to buy gold coins

[@2is1gold]

Local coin shops are great. APMEX, SDBullion, JMBullion are good online options.

[@christophermccormick8670]

Only sold a portion of my stack back in 98 to sweeten a deal on waterfront property. It was person to person and I made out well. Still left a hole in my soul to do that so I became obsessed to replace it. Scored there too due to Gold being less than $400 an ounce. Have bought in what I thought was a dip a missed big time “hello 2008”🤦🏻

[@silvergoldsaver779]

Good stuff brother! I am doing the same - trying to simplify my stack. And I finally got the 2017 American Gold Liberty from my LCS!! 😊 I guess a little patience pays off.

[@2is1gold]

WOW! You must have an amazing LCS!

[@silvergoldsaver779]

@@2is1gold I think they are fair. I wouldn't say amazing - definitely had a better one last year before we moved. Saved a ton vs the US Mint's price though. I might get another one since they had another one 😂 but will do my very best to wait at least a month... Or 2 weeks 🤣😆

[@SilverHeist]

I’m still at 101 as a gold buyer only ... so far. But you gotta think ahead for 202.

[@2is1gold]

You’re in the honors program, Heist. You don’t have to hide it! 😁

[@MichaelAU-AG]

Great stuff!!!

[@2is1gold]

Thanks!

[@paulsittig744]

Why didn't you mention the $5 or $10 gold commemorative. Low premiums should you stake them?

[@2is1gold]

They just aren’t well-known.

[@paulsittig744]

@@2is1gold thanks but I still wonder where they are hiding? Many k ' s minted & many designs. Seldom see them in coin shops. Who's staking/hoarding them or are they being melted down?

[@JR-gw3by]

Do u know what a good price for a decent $10 gold eagle liberty head ..gonna sell some silver soon to get one

[@2is1gold]

I saw one this weekend with a 23% premium. The dealer told me that was a “great price”. I didn’t agree, but I’m not sure what the target should be.

[@rcreazzo1]

Opportunity to buy the 2016W - 3 Coin Set from LCS - 24k Gold Mercury, Standing Liberty, and Waling Liberty (1/10, 1/4, and 1/2 ozt) at an average 7% premium. Thoughts?

[@2is1gold]

I'd like to have those coins, personally, so I'd probably do it.

[@SilverHeist]

Beautiful coins. Early 1900s best US Coin designs.

[@ikust007]

Thé reverse proof Liberty is such a marvel. Don’t think I could sell. And the Britannia... damn... !

[@2is1gold]

Gorgeous coins!

[@garypatterson4622]

How much is far 1 gold coin

[@W.DANIEL]

do you buy copper? if you do i got a recommendation for you.

[@2is1gold]

I don’t.

[@W.DANIEL]

@@2is1gold aww

[@Stephen98123]

Why cant you just sell on APMEX or an online dealer?

[@2is1gold]

I mentioned that in the video. Did you catch that part?

[@whoops8412]

Part 3

[@darrellsellers]

Just found your show, great information thanks! I hit subscribe!! Can you do something covering swiss gold?

[@2is1gold]

Thanks! Interested in bars?

[@_Hound_]

My LCS only gives 95% melt for fractional Eagles, but their premium on 1/10 Eagles is only about 7.6%, so it kind of evens out. It's a shame, though, that the sales tax is 8% on any gold/silver purchase under $1500. It turns a great deal into an ok deal.

[@2is1gold]

I’d love to buy there without the tax!

[@thinkforyourself9311]

Your LCS is taking advantage of their customers. You would be better off selling them to APMEX for a premium. Even after paying APMEX's shipping fee, you would still come out with spot or better.

[@_Hound_]

@@thinkforyourself9311 I'll keep that in mind, thanks!

[@bigtxbullion]

@@thinkforyourself9311 most underrated comment ever. Most people dont even consider apmex. Their 1 day guarantee of payment and ups fully insured shipping are hard to beat. All my raw gold was quoted over melt when selling to them. No lcs can touch that with gold and platinum. Its a no brianer if you care about your money. In 2020 ive found good lcs can really do better with bulk silver. Based on the current ratio it weighs +/- 70x more for the value so shipping can be cost prohibitive trying to sell 500 or 1000 oz.

[@THE_BILLYGOAT]

My favourite coin is the gold Brittania or the maple leaf

[@2is1gold]

Both are great-looking coins!

[@kurtsindustries6910]

When they talk about $10,000 purchase being reported when buying gold. Does that mean any type of purchase whether it is payed by check or the green stuff? Is paying with a check leaving a paper trail?

[@2is1gold]

The 10,000 transaction reporting doesn't change whether it's cash or check. But It rarely impacts individuals.

[@SilverScorpion]

Great video and info

[@2is1gold]

Thanks!

[@staysweaty8912]

Fist of all, thank you for the video it was well done and Very informative. My question is all my local coin shops have gone up in price upwards of 11% premium. Is shopping on line just good business or should I stay local? Thanks

[@2is1gold]

Mine did too, so I've switched to buying a lot more online. I continue to check in with the local shops, but anything above 7% is uncomfortably high for me. Cheers!

[@StorminCA]

saw you on Salivate's channel, stopping by to say hi!!! 😁

[@2is1gold]

Hello! Glad you stopped!

[@AP-ql4et]

Thank you sir, you have a new subscriber. I started few years ago in purchasing 1 oz britannia per year, avoiding fractional. I've always lived in EU and recently changed country for work. After few researches in local shops it seems that premium on those coins is floored at circa 8.5% which feels kinda discouraging..what's your opinion on those %ages in current mkt conditions?

[@2is1gold]

8.5% premium at the time of purchase is pretty high for a 1 oz coin. I shoot for 4% but I've gone as high as 6%. Have you looked at online options? Cheers!

[@ikust007]

So we will loose money on ML and other Ones . Unless it’s on a span of 15 years ?

[@thinkforyourself9311]

You can loose money on anything. Depends on what you paid for it and what you can sell it for later. It's always ill advised to buy when prices are at or near all time highs. You are just asking for trouble.

[@2is1gold]

I hope I didn't say anything to make you think you'll be under water for 15 years on CMLs!

[@ikust007]

@@2is1gold well no but I understand Silver Wolverine when he says it’s harder to sell than to buy...;) so he goes with your way of thinking .

[@thinkforyourself9311]

@@ikust007 my best advice is use common sense. Don't overpay, don't buy during a bull run, and don't be an emotional buyer.

[@ikust007]

@@thinkforyourself9311 are we in a bullrun....

[@capitalg8253]

How is a 1 oz gold coin only worth $50? Thanks for the info!

[@2is1gold]

It's not. A 1oz coin is worth the spot price of gold $1,780 at the moment. The $50 face value is simply the currency value of the coin.

[@jasonbourne9392]

94-95 % of spot for gold Pesos is a good deal for a seller because I believe the old pesos are mixed with things other than gold.

[@2is1gold]

I think they blend agave nectar into them.

[@jacobcardinal2665]

Love the video

[@2is1gold]

Thanks!

[@andrewraleigh154]

Thanks for the info!

[@2is1gold]

Thanks for watching!

[@killa8507]

Nothing like stacking Lady Britannia and enjoying the CGT free profit that comes after in the UK

[@DS-tt9vz]

I know I've talked about this before. Sold all my silver and gold in 2012. Had sellers regret over the gold. Now I've restocked with silver and gold. If I sell next time the silver will be easier to let go. Selective gold purchases, not flipping.

[@2is1gold]

Sellers remorse is real! Hopefully you did well in the sale!

[@marioamayaflamenco]

Wouldn't the coin shops pay spot MINUS a small premium, not plus? (For Eagles)

[@2is1gold]

Mine pay a little extra!

[@jbh7511]

Thanks for the video.

[@2is1gold]

Thanks for watching!

[@pipo7822]

How do I buy goldstocks? What site?

[@Gargamoth]

I see a lot of sites on facebook and their coins look like these. Because they're covered in plastic, how do I know whats real?

[@2is1gold]

There are verifying devices, and you can also use scales and magnets, but I'd only recommend buying from a trusted dealer until you're familiar enough with the coins to spot fakes. Cheers!

[@Gargamoth]

@@2is1gold how do you feel about SB Bullion and what others company do you think are legitimate?

[@joerock1736]

Jewelry stores will buy 1 oz bars at spot i have not done that but have inquired,they will then use them formaking of jewelry.👍

[@2is1gold]

Yep, I’ve seen the same lately. In down cycle years (2016, for example) they paid below spit and didn’t always need them, though.

[@jjlad5037]

I do well on CL...local FTF sales exclusively.

[@2is1gold]

That's great. There's nothing in my local markets, so I haven't been able to use it for a while.

[@nathanr.494]

what should someone pay , when buying gold though? as in the premium....1/2oz to 1oz. cool vid, super cool coins.

[@2is1gold]

My LCS asks $60 premium on 1/2oz and $100 on 1oz. I’ve been able to get slightly better prices than that, though.

[@ocultimastacking6654]

Hit like button!!! :D

[@denver511]

can private party sell or buy to each other? how do you figure out a price?

[@2is1gold]

Sure can. It happens all the time. Look at the cheapest option the online dealers are selling for, and start there.

[@B137-w2c]

How would you apply this video to bars?

[@2is1gold]

Depends on bar size and where I lived. My local shops don't like bars, so I avoid them.

[@vsquad8011]

New subscriber absolutely love you videos question what do you think about United States gold bureau?

[@2is1gold]

Thanks! I don't know of them.

[@javierenrique5572]

How do you know when you buy that the coin is real gold.

[@2is1gold]

Coins are pretty hard to fake. If you buy from a reputable dealer, you should be okay. You can measure and weigh, though.

[@javierenrique5572]

@@2is1gold thank you , is there any tools you recommend for this?

[@2is1gold]

Just a calipers and a scale.