I Tried to Sell GOLD BARS to Coin Shops - Here's What They Said!

[@pmtime407]

Both! I used to buy gold bars in Assay cards on sale for $15-$30 over spot. I recently sold a few for $50 under spot so the total premiums to buy and sell totaled between $65 and $80. My Eagles came with a much higher premium, but I was offered spot price for them when I sold. I made slightly more on the bars which was what I ended up selling. I prefer to hold onto my sovereign coins for investment purposes or a SHTF scenario. The same rule applies for my SAE's. I sell my bars first, generic 1oz rounds 2nd, and I hold onto my Eagles and Constitutional Silver for the future.

[@scotttousey227]

Spot for eagles is a rip off find another dealer they charge way over for them as it is I hate greedy people

[@pmtime407]

@scotttousey227 I have several dealers I've sold to and the last one offered me $50 under spot for the bars because he didn't have any at the time. None of the other dealers were willing to pay that much. It's not smart to limit yourself to just one dealer. Always sell to the one offering you the best price 🤓

[@michaelangelobergeron5980]

That’s great advice and I think it’s a great idea to stack cheaper gold that’s maybe not as cool but it’s the first on the list to sell when necessary

[@pmtime407]

@@michaelangelobergeron5980 Yes sir!!! If it's time to take a few chips off the table because of a huge price spike they're the first ones to go.

[@ThingsHybrid]

@@pmtime407 buying less than spot? How are u doing it? Are u buying it directly from the previous buyers?

[@PatriachalRain]

I like the way you formatted this video. Easy to follow along and not get lost in the charts and graphs.

[@willa2365]

I can always find a local buyer to buy a gold bar at spot or just above. Gold is money worldwide. The "dealers" are trying to make a living, so find a local stacker.

[@martinrev8487]

Agreed. I tell local private sellers and buyers that if the LCS (market overall) is offering X, I'll meet you in the middle (between the offer or price and spot). That way, we both win. Usually does the trick.

[@BrandenH-O051]

@willa2365 how are you finding local buyers? Facebook marketplace? Posting stuff around town, or is it truly just word of mouth?

[@ThingsHybrid]

@@willa2365 well I have yet to find someone who buys at spot!!

[@NickelNationCoinsMore]

👍 both, depending which I can get for a lower premium at the time, which is usually bars.

[@michaelangelobergeron5980]

I’ve found pre 33 gold and European gold sovereigns to be even more affordable than even bars and you get a beautiful historic design, only thing is it’s 90% gold…

[@antoninop.1411]

@@michaelangelobergeron5980 - Gold Eagles are 91.67% gold. Many older sovereigns are 90%, which is still considered fine gold, though the lowest level thereof. But the mixture with other metals makes them more durable than 24k gold, which is softer and easier to damage if not protected. Regardless of percent gold content, you usually get 1oz of gold in the lower % gold coins (I'm sure you already know this) with the exception of some older sovereigns that are just under 1 oz. like the Austrian 100 corona is 90% with .9802 tr oz of au. And a lot of the old gold is just under 1oz many times. You're right, those historic designs have the same impression I think, aesthetically, as say 'junk silver' with their designs. It's sort of a time capsule for the mind..a bit transporting, even if many of them are restrikes. For the newer coins, I do really like the Austrian Philharmonic design. And of course, the iconic Maple Leaf. I like the Britannia as well. After those, I do like the Perth Mint designs but I haven't actually bought any of them except in silver.

[@michaelangelobergeron5980]

@ pre 33 gold and pre 65 silver I think are the best way to stack on a deal. What did you buy from the Perth Mint? I have their gold Kangaroo and it’s stunning, especially how they change up their designs every year! Good luck stacking and stay educated 😎

[@incognitomontoya1131]

My local shops are crooks. Put me off stacking with how they do business. All their stuff is great! All your stuff is trash. Talk down to you. I'd rather do business online. No bs.

[@edb3877]

Sounds somewhat like my LCS. Local guys are not crooks but they know FA about doing business. Last time I went there was a year ago. I had $7,000 in cash on me to buy gold coins. I wandered around their large shopping for 25 minutes and not one of the dozen clerks asked if they could help me or what wanted. I left without buying anything, went home, ordered 3 gold 1-oz. Maples online. Problem solved.

[@robertlee4172]

Yup, I got the jerk around in Canada too. It's an industry standard to behave like scuzz-bag criminals. I just discovered that our biggest banks got into selling and buying gold too. I haven't approached them yet, but let's see how a large financial institution treats precious metal buyers.

[@davidmmm8]

Well local coin shops are as unique as one’s fingerprints… My guy is a swell fella. Yours may not be so. 🤷🏽

[@michaelangelobergeron5980]

@@edb3877Sometimes online dealers have even better prices too! I would have done the same thing, minus the Maples, I would have bought 3 gold Buffalos.

[@robertlee4172]

@@davidmmm8 "My guy is a swell fella." What is this? From the 50s? It's quite possible, that giant grin you see on his face, is from the big payday he anticipates, as you walk through his front door.

[@BA-lt2tx]

My LCS buys American Eagles at spot and bars at 98% of spot so a 2% difference. It really comes down to how close Eagles, bars and foreign gold are at purchase time.

[@ZXC_ZXC1]

I like this format better than phone calls. Gold bars are usually the cheapest way to buy 1 oz. However, if you plan on buying a lot of them 1 oz gold coins take up less room to store. For instance, a tube of 1 oz gold maples is 10 coins. A tube of gold eagles or buffaloes is 20 coins.Ten 1 oz gold. bars with assay card takes up about 10 times more space.

[@davidholland8584]

This is the best video that I’ve seen. Very helpful and well done. Thank you.

[@michaelfaretta3854]

I like the way you showed the prices on this video. Simple. Easy.

[@ciscoguru69]

I have both, but you've made a solid case for Eagles. Thanks SSS! 👍

[@richpaydirt]

Precious metals are a racket. I spent years stacking before I had to unload some to come up with cash for a land purchase. Of the 3 coin shops in my area, 1 wasn’t buying at all, 1 insulted me with a ridiculously low, rip-off price and the other only wanted to buy my sovereigns at $1 below spot. I sold it all to an online dealer and still felt like Id been had. And most people think that precious metals are great for a rainy day. When the rainy day comes, you’ll be lucky to find someone to buy it for a fair price if at all, especially in an economic/ social meltdown with every trying to sell at the same time.

[@pacnik77]

APMEX buying,KITCO as well worth checking before getting RO

[@glenvilleashby8850]

With high premiums to boot. A racket, for sure. Honesty is few and far between!

[@pacnik77]

I am an advocate of a healthy cash stash as well as PMs tucked away in a cozy warm place like your mattress haha

[@utube7917]

You misunderstood metals when you got into it. They arent traded like stocks. They are money and meant as insurance to hedge your risk assets. If risk assets collapse lije the stock market crash of 1929, people flood into netals for safety, not bonds and not cash. Likewise for inflation or hyperinflation. If you were buying land, you should have had other risk assets to sell, that grow and produce a yield. You dont sell your insurance, which is the metals and financial advisors will tell you to only have 5 to 10% in metals. So you should have had 90 to 95% of your net worth available to buy that land. Can metals make generational wealth gains in a currency collapse or similar crisis? Yes, but that may take 100 or 200 years. This currency in the US is 111 years old now. Use metals as insurance to hedge your risk / growth assets and if the collapse does happen in your lifetime, you will be covered for that as well. People often make this mistake of thinking metals are growth assets or that currency collapse or revaluations occur regularly and they dont. Everyone should own metals, but not without an education about what ive said. Sorry for your loss.

[@ThingsHybrid]

Such a relevant comment.

[@TheRios7018]

20 years ago I purchased a 1oz gold bar ! Through the years I fell into a hard time and sold the bar I actually made money! Nowadays all I purchase are gold eagles! Can’t go wrong if you need to sell! Awesome video sir! You do a lot of work on these videos and I appreciate it!

[@toreschanke4086]

In Norway coins are without VAT, but bars, rounds and ingots have about 20% VAT if you are buying from a company...

[@snuffle2269]

In Latvia gold was without VAT but silver included VAT.

[@JoeStacks419]

I like generic silver, but my gold is eagles & buffs all-the-way.

[@justsomeone6835]

Totally agree 👍🏻

[@StreetFighter2010]

Same here.

[@Crispy640]

I did this math already when i started w gold. Same w silver. I do eagles and buffalos only w gold. Heaven forbid i die or get arrested and need bail money, i dont want my family having to go to every place in town and having to haggle. Getting spot anywhere is what i like.

[@brucejeric6701]

Absolutely!! This price difference is garbage!! An oz of gold is an ounce of gold. Should pay spot when you buy and get spot when you sell. That’s it. We all gamble on if price is going up or down when we play. These different premiums are nuts.

[@markstewart3720]

Great video! I really enjoy watching you each day.

[@python5698]

What about gold maples?

[@cottonclarksa]

@@python5698 indeed, a comparison between sovereign coins would produce a very interesting result. That would be more relevant for me.

[@DanCooper404]

They're my preference.

[@toddgwinn8395]

You really make great videos. Thanks

[@mpaco3028]

Buffalo is also my 9999 preference

[@michaelangelobergeron5980]

Same here! They’re the best American gold coins in my opinion

[@Disinfective_Vibes]

Very informative. Thanks for the effort made to produce this video 👍. I wonder if you can make another one about fractional gold comparison especially between 5 gram bars, quarter ounce Philharmonic and British sovereign gold coins. That would be interesting for low budget gold stackers.

[@RickMortimer1]

Great format & info - thank you! Could you please add Maples next time? Same purity as bars...

[@GregoryHubbarth]

As for your question, I prefer Buffalos and Maple Leafs. Should it be Maple Leafs or Maple Leaves?

[@theenglishprofessor8411]

The former-Maple Leafs-is correct. And note that there is only one Maple Leaf on each gold or silver coin, so you are referring to the plural when you have more than one Maple Leaf coin. Make sense? 👍🏻

[@Back2SquareOne]

Interesting data, thanks for doing the leg work. I have a couple minor suggestions. When you show a list of buy vs sell numbers, don't use the label "Diff". Use the more specific accepted terms "Spread" or "Margin". Also, don't just list just the the dollar amount but also provide a %. This makes it easier to track when margins grow and shrink and makes it easier to compare to other types of metals or coins.

[@ThingsHybrid]

@@Back2SquareOne in India buy sell spread is 10%

[@jimlewis5477]

I like the way you do your spreadsheet on paper here better than the old way. I am old though and I am a paper guy lol. It seems like its better to have a coin than a bar.

[@timdeters9026]

Eagles are great if you don’t live and buy bullion in Minnesota they charge tax which would be around $150 for the eagle Gold bars that are not bullion there is no tax

[@bigdaddyhoffman1911]

Good Saturday Morning Silver Seeker and thanks for another .99999 fine video. If I could rate this video like they do Google reviews you would get all ⭐⭐⭐⭐⭐'s on video quality, background, topic, presentation, information, tone, etc, etc. and I didn't see one combative comment. Good Job Sir.. On the paper vs grafts and overlays, I say whatever cranks your tractor. Keep up the good work. 👍 Life is good..........God Bless

[@Wes_Stacks.]

I agree sir

[@apaulytp]

Liked the content/format. Thx

[@dongreenlee675]

Any gold coin is what I prefer. In fact I just picked up a 1/4 ounce Chinese Panda and a 1/4 ounce American Eagle along with a bunch of silver rounds and junk dollars and halves. Buy the dips!

[@milessakauye8819]

eagles! I prefer buffalos.

[@mudvayne2311]

More purity

[@Sldghmmr338]

@@mudvayne2311still one once of gold…duh

[@mudvayne2311]

@@milessakauye8819 well I'm glad I bought a gold eagle at 1780 spot but paid like 2080 for it 😭

[@mudvayne2311]

@@Sldghmmr338 whoops meant to tag u

[@milessakauye8819]

@mudvayne2311 yes and color is different

[@scotth5237]

One more thing I bought pre 33 ms 64 Eagles. The buyback price. I can get the same for a 1 oz lump of gold.

[@SupremeGGstacker]

Always great work dude!

[@bosstone100]

Thanks for the analysis. This is really depends on the state of the economy and what gold really means to you. I'm in a position where I won't have to sell it for a long time, if at all so that should compensate for any bias against bars. If the economy teams, I don't think premiums will exist anymore so that difference won't matter.

[@coinsmith]

You ask which I prefer... It depends totally on what I want to use them for. For stacking and exchange I'd prefer the most easily recognized that is accepted for resale. For my own purposes (fabrication), I prefer pure (at least .999) at the lowest premium possible, as I can then alloy to my desired finished form, so for me it's usually gold bars, impaired coins, or gold shot... whichever is available at the best price.

[@kprice8131]

i actually like when you record the interaction with the dealers but you do what makes sense for you.

[@scottymoondogjakubin4766]

To buy 1 oz. of gold add in the sales tax which can be $175 then add in $26 over spot ! Thats about $200 ! then you sell it and you automatically lost $200 ?

[@lawrence5039]

I only have 1oz. gold eagles stacked. On to your video.....Thanks for all that work, it reminds me of buying generic vs brand name 'stuff'. US would probably sell a gold bar for same price as AGE. Valcambi? What's that?

[@jstaruk2]

Bars

[@richardlong3588]

Gold bars....from a trusted source

[@robborr5096]

I am a new millionaire and was interested in buying gold and am completely put off by the spread, the premiums, the difference in offers between stores, etc. What a hassle, I can continue trading stocks from the comfort of my cellphone without having to go through such a pain in the neck and make a lot more money.

[@Sun-nn]

Well that’s where you went wrong, you shouldn’t be trying to make money with gold and silver.

[@robborr5096]

@ I wasnt trying to make money. I was trying to add it to my portfolio as a means of protecting part of my current networth from inflation, which is what everyone claims it is for. Now I am oriented at not because I may end up losing money buying it and trying to sell it if I get into a pinch and the stock market dips hard.

[@cowhand6112]

Enjoyed the video. I'm thinking the same probably applies to Silver bars vs rounds. But at some point it becomes boring to just stack the "same old thing" so some design on a bar grabs your fancy and you stack a few of those. All the while suspecting that the "investment" aspect isn't as good.

[@gregoriogurda3420]

Depends on the premium and resale. But in a vacuum, all things being equal, if I can get a special low premium deal then absolutely common sovereign issue coins, in order: Buffalos/Eagles > Canadian Maples > Britannias/Kangaroos > Philharmonics > Kroogerands >> Former/current British Constituencies (Isle of man/Channel Islands/Bermuda/etc) > French/Swiss Francs > AustroHungarian/Hungarian reissues > Spanish/African, etc. If I had to put bars somewhere, I would put them between Philharmonics and Kroogerands (for Canadian and Perth Mint, Scottsdale mint) and after Kroogerands (for most other mints).

[@fragdad]

In the UK, it has to be UK gold coin as they are tax free. Silver has sales tax and CGT added.

[@Sovereign_silver]

I prefer Gold eagles

[@rayk126]

A couple weeks ago I went to the local coin shop in central California. I was offered 93% of Spot (.9675 Oz.) for a Gold Double Eagle. Using 2570 X .9675 X .93 their offer was 2312.42 I was offered 20 under Spot for a Slabbed MS70 FS one ounce Gold Coin. I didn't sell them. The only Coin I will be buying is Doge Coin.

[@Patrick-kt5mc]

2312 is hardly anything for a pre-'33 Double Eagle as they are going for $2,8xx + on the Bay, more than a one oz bullion Eagle.

[@rayk126]

@@Patrick-kt5mc The guy also used the "It's not Solid Gold" line on me. I shot back "it's .9675 Once of Gold. proving to him I knew what I had and what I was talking about. I do have a bay account and I've sold many things. The problem is that my Dad sold a Silver Philharmonic on the bay, the guy said he got a counterfeit. My Dad had to take it back and he got back a steel slug. My Dad also sold a used Saxophone he repaired. The guy complained it was used and the bay made him take it back. The guy had removed parts from it and sent it back. After that my Dad never sold on the bay again. I can't take the chance. The bay always sides with the buyer. There is a Coin Show coming up and I'll see what I'm offered.

[@dronetestdaegan]

I'd buy it for that price, heck, 2400$ even!

[@TheMostSlyFox]

When you sell crypto on exchanges, most gas fees are around 1%. Gold coins from lcs want 5% over, and pay 5% under when you sell it 😂 Its so crooked it's funny. Also, the doge i bought yielded a 300% rate of return in the same time period gold gave me a 28% one. Lmfao

[@stevec2645]

That's why we buy the dips...

[@HeyBuddays]

I like the new format but can you use Microsoft word to type it and do different colors when needed?

[@Easyrider9633]

Eagles but I have both , If shit hits the fan gold is gold , and that’s why I buy it . Great videos bro

[@andyinsdca]

Wonder if the coin type would make a difference?

[@LoganLavery]

He has clarified any doubts I had. Coins over bars it is. I’m in Canada.

[@go4it764]

Are the coin dealers in Missouri you called located in the St Louis metro area?

[@kellenl9823]

Either way... I like these price comparison videos... Really opens yer eyes on shopping around. I'd be interested in an oddball item (war nickels or 40% ikes) may be interesting on those items🤔

[@CuylerSalyer]

I prefer the coins for several reasons. I buy 1 oz. Mexican Libertads, and buying the coins brings some tremendous benefits. Certain years coins, that I bought 5-6 years ago, are now worth 10 x's what I paid for them, due to minimum mintage that year do to various reasons like, 2008 Bank Meltdown, 1998 World Financial Crisis, and now Covid. I have 14 coins worth 4-5 x's what I paid for them.

[@WhiteWilbur]

I prefer coins because I like them in coin capsules which are easier to store, you can play with them and wash them later, they are easy for the at home person to authenticate with ping test, they are easier to sell internationally, they come with cool designs for variety. You can tell bars in assay cards are less popular because LCSs are always trying to push them on you. I like your paper presentation better because it more shows what an average person would do shopping around and gives just a simple idea of what others should do. The cool graphics on screen feels a bit like pawn shop environment, and I think the vibe is not as good. I thought the spread on bars would be tighter, but then that's the market for you. I did a similar calculation comparing Krugerrand and a Gold Eagle, and I got a better spread on the Krugerrand even though they are less popular. Thank you for the video.

[@Patrick-kt5mc]

Wouldn't the size of the gold make a difference? All my gold is fractional. It seems like the 1/4 oz Eagles dealers don't seem to like them very much as they pay way under spot for them. I prefer the PAMP bars but the biggest one I have is 10 oz. I wonder how much I would get for that, I'll have to ask as I'm curious now.

[@DavidMartin-bx6wm]

Whats the difference? Is it perceived value? Or more trust because of it being a minted coin? I dont understand because if you buy a true gold bar why do they rip you off that bad? Price is price. I'd think....

[@sdfv4zx]

I bought gold bars when it was at 1400, got a few of them, never thought of coin at that time, i thought all 1oz of gold are the same as 1oz of bar.

[@r2d2keller]

Anytime I can get information that may help me in the future helps and I want to thank you for this video.

[@SlickCat]

Seems most shops prefer Eagles and Buffalo's. I'd be interested in the differences with other coins like Maple's, Kangaroos and Britannia's.

[@scotttousey227]

American coins here in USA are more valuable for some reason to me gold is gold same for silver but dealers don't see it that way

[@dougmckernan8580]

Former local Old time B&M shop does way too much G&S to not have any analytic testing, only scratch plate and chemicals, They want to drill every gold bar you bring in.

[@dougmckernan8580]

The eagles and Buffs bring more, so depends on what premium you paid vs Bars. In Europe, generally, priced the same

[@davidmorris4213]

I have purchased bars before but not Eagles. I have bought foreign gold coins however. I base my purchases on the price of the item. To me, an ounce of gold is an ounce of gold. I set a sell price for everything as well. When I can get that price then I sell, whether it is below the actual spot price or not. I never sell for less than I bought something for. I do not have to sell so I have no problem waiting for my price. This includes my silver buys and sells as well.

[@danwebb755]

I'll pay the extra $50 now for a Eagle/Buffalo. Maybe pick up a few extra 1/10 oz novelty pieces like "year of the" coins, to mix things up

[@comppro123]

Gold Eagles. I commented before I watched the video. The reason is that they are universally recognized, and buyers are more willing to purchase them because of their trust in the US Mint.

[@tjmmcd1]

It's also a lot easier for counterfeiters to create a fake bar, (e.g. gold-plated tungsten), than it is to make a fake eagle.

[@Tracy-wr7mj]

like to see the eagle against thr maple or krugger

[@jeremyh4327]

I like the hand-written but maybe try a sharpie, hard to read the pen when watching on a cel phone

[@danielkidney5083]

Great content!

[@colebesaw5225]

Definitely goes to show my local guy is good to buy from but not sell to which I appreciate and respect since I’m just looking to buy. But I know if I ever need to sell I’ll want to shop around.

[@sorcererstan]

Prefer coins or rounds, especially over bars in TEPs. The TEPs don't stack

[@turbostacking]

Gold bars normally come in Essays. I have heard since I started stacking, if you buy bars, make sure it's in Essay. Like that Essay cannot be fabricated. Therefore, I don't buy gold bars, because of the ridiculous size of the Essay cards. Plus, I want to hold the bare bar. So what's up with Essays?

[@JohnnyBGood11]

I sold a 2009 UHR (Ultra High Relief) coin not graded with box COA and book for 2660 today 11/15/24 and spot was 2570, if I sold it on ebay for 3k I would have gotten 62 dollars less because I would have had over 400 dollars in ebay fees, and I would have to worry about getting ripped off by a bad buyer. I don't like selling silver or gold on ebay, too many things can go wrong. He said he would put it for sale in his case for 2750/2800

[@douglaseuritt3919]

I’ve given up on EBay for selling. They’ve destroyed the seller’s rights and pander to the worst of the buyers. I grew tired of people who would place a cancel request within seconds of an auction win and there’s really nothing you can do about it. People place excessively high max bids and then see if the price they won at is low enough for their taste and if not then they cancel without any impact to their account. I would NEVER sell on EBay again.

[@TomsMoonpie-hs9rk]

I’m new to metals but I think I heard on one video that they have to pay more to have it go through the melt process and that’s a cost if I heard it correctly.

[@bobblenuts]

I like the bars prior to watching but don't own any yet, After, I think the Eagles are a better deal on average. I guess I would still shop for lowest price and if not much different, go with the coin. Good video, like the notes better than your graphics. thanks 👍

[@michaelharbour2448]

My local coin dealer wont even buy my gold bars, I took one in to get a price said didnt like gold in essay cards were the number wasnt on the gold but on the card.

[@Merlin-wo1kj]

I've been busy selling SATS since BTC is over 90k. Haven't sold any silver or gold yet...

[@billparks7368]

The lowest premium. I like any metals in the cards. Keeps them from being handled. They're serial numbered

[@cphipps1969]

I prefer gold eagles, but it's been my experience that the spread on gold bars has been better at my LCS. Interestingly the best spread for gold at my LCS is for kangaroos. They currently buy for 1.85% below spot and sell for 2.35% over spot.

[@donie5780]

Bold is jerking me around. I have two Asahi 1oz Gold bars I bought from them and they act like they don't want to buy them back. I've trying my second time and they are dragging their feet.

[@larrylezon1590]

I think the difference comes down to supply and demand for each particular area. While gold bars are technically the better value, if there is lower demand for those items, the buy-back price will be lower. Frankly, with a huge amount of counterfeit metals entering the market (particularly from China), I would like to see a focus on a reliable testing devices that don't cost more than the gold I'm trying to purchase. I'm not sold on the "ping" test, and haven't quite reached the level of being able to grab a more sophisticated device that runs more $ than my purchase. With that said, I like your videos and appreciate the time and effort put into them! Would love for you to call Old World Coin (McHenry, iL), Gold and Jewelry Direct (Algonquin, IL), PGS Gold and Coin (Schaumburg, IL) and any others in the Chicago suburbs to see if there's a big difference in price. You could focus on other metro or near-metro areas to see how consistent the prices are in those areas. Just a thought. Thanks for the content!

[@danescashcache]

Any gold coins is better than a bar. The numismatic value can always increase over time. Bars will always be just a bar, coins have collectability.

[@robertlee4172]

I'm thinking the bars are not as fungible, when they get to the heavier weights. Less people buying. So, therefore more businesses tying up resources while they wait for buyers. They set a standard straight across the board when it comes to coins versus bars.

[@barjer54]

Hmmmm, my guess for the OK low baller is probably one that APMEX pushes. I stopped buying locally when gold spot hit $2k. My best deals are online.

[@bobturner3388]

It changed my opinion. I started buying nothing but Eagles but lately buying bullion. No more bullion for me!

[@meddlehedd1194]

Commenting before watching here.....I like the S/N on bars but I prefer coins because they take up less space than bars in packages. As far as selling, I would guess there is a small premium to sovereign coins over bars.

[@jamescorbin5090]

with the ratio about 85-1 what about trading gold for silver?

[@PatriachalRain]

My early comment is that I think you will find you get the lowest or most favorable spread by mixing and matching where you buy and subsequently sell. The place that sells for the best price usually isn’t the place that pays the most for your gold. I don’t “flip”, but I have found situations where it is possible to buy at one place and immediately sell for a profit to a different dealer. Logistics makes it more difficult than it sounds, but it is possible.

[@Revenant_Dancer]

Looks like I’ll change my buying - what about fractional eagle vs ….

[@dukenukem001]

only American gold coins for me ... buffalos are the preference but AGE"s are close 2nd

[@garyhurd932]

Where can we sell gold backs at

[@RichardRoche-c2w]

I would prefer Buffalos also. However, I can buy fractional Eagles.

[@Blue_Siberian]

premiums on the Eagles is usually high but lets see what we discover thanks for the info

[@Revenant_Dancer]

I guess the eagle would be my choice if I didn’t have to think about how to handle it - in the mean time fractional bars is where I stack until I feel like there is enough in the safe

[@dragonshoardstacker]

Comment before watching! I prefer gold, Britannia usually cheaper than the eagles not bars my coin shop won't buy anything in a assay card they open it up to test it because of fakes

[@OminousRooster]

I like your digital spreadsheet better but no matter what I would need to zoom in to read it. So either or works for me. Yeah I prefer the coin over the bar, just my preference

[@walterswanson3867]

As a stacker I try to buy the cheapest so I can buy the most. I've seen what you talk about with both gold and silver. Dealers will pay more for coins like Eagles than bar or even other sovereign coins. They know people are willing to pay more for the Eagles, so they pay more to get them. For me that's not enough reason to buy Eagles unless I get a good deal on them. I rarely sell any of my stack unless it's an emergency. So if I'm selling, I wouldn't be doing so unless I knew I was making a profit. For example, if I bought a gold bar and a gold Eagle when they were $2000 and sold them now, I will still make a profit. Granted the Eagle would get me a little more, I would still be happy with the bar profit.

[@rondaudelin6042]

i would think eagles or coins in general...but isn't gold gold?

[@iamanempoweredone6064]

There is numismatic value on the eagles which could prevent confiscation.

[@burkejackson2201]

Commenting first. I hold my gold and silver to have $ outside the banks and for the value depreciation of the dollar. The rest doesn’t matter as much.

[@johnbethea4505]

So you are losing back of spot and what you paid over spot to get it.

[@CuylerSalyer]

Mexican 1 oz. Libertad 1998 during the World Financial Crisis it was minted. Now it's offered for $459.00 ea. Before this $600 latest correction back down in Gold/Silver it was selling for over $600.00 At $459.00 that's a least 17 x's what they were originally purchased for. I wish I had one of those, but I don't. No brainer for me. I'll buy the coins above the Bars.

[@kellysg150]

I love the paper... It's all there in one look!!

[@jdzazz4155]

Gold maple leafs used to be the best value, not sure if that is still the case.

[@isidroramirez8018]

I like bars tbh I been getting silver bars love how they are and different shapes of bars they make..bars i get be having them mad premuims tho but I like em and they are for long term thx sd bullion for mad selection

[@davidparker5345]

I stack gold. and only Eagles. . One or half oz. my dreamS are one I won't need or use them in my life time and two if I do by that time law HR 8279 or similar is passed that ends capital gains on these gold coins ie US currency