Fractional Gold - Buying Smaller Gold Coins
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- เผยแพร่เมื่อ 5 ก.ย. 2024
- This video focuses on the benefits of buying fractional gold coins (specifically, Gold American Eagles) in order to accumulate more gold over time.
What are your thoughts? Do you buy fractional gold, or do you only buy full 1 ounce coins?
NOTE: All content is opinion only. This is not meant as financial advice.
Even this early videos are enjoyable. Thank you for having your channel. I enjoy looking at the coins, hearing a rational perspective, and honestly, there is a calming effect that helps me relax!
Ha thanks, Michael!
I have been watching your channel for awhile now and I enjoy the content. I started purchasing the 1/4 ounce monthly and find that to be working well for me
That’s great!
I'm a poor mans gold collector. I buy the 1/20 Maple Leaf monthly because thats all I can afford right now espicially with Covid 19 running rampant.
Makes sense to me. Hope you’re doing well!
I agree living in the states the American gold eagle is the easiest going to liquidate, but I’ve also found that the Mexican libertad and Peso’s hold their value and they are more scarce which helps their value.
I’ve found that Krugerrands are very well respected and easy to liquidate pretty much anywhere in the world..
Of course, they don’t do fractional coins, but their 1-ounce ‘Rands are nice to have, although I feel Gold Eagles are more beautiful and slightly more valuable…
I agree with everything you said. My experience selling selling some gold franc’s was awful. Nothing but lowball offers and downplay of value from coin shops/ pawnshops. I don’t have any eagles simply because I can’t afford them also I prefer 24k.
Yeah, that's definitely what happened to me too.
Hmm. I like them. So odd. Gold is gold, they’re beautiful coins to me and have a cool history. I’d try going private party. Heck, I’m sure i could beat your lcs offer if you’re looking to liquidate those in the future, via one of the forums.
I'm with you on purchasing fractional gold. My lcs only charges $10 over melt on them which tells me he doesn't pay much for them. I will definitely not sell to him unless I am in the clear but at the same time I just enjoy being able to sell fractional easier than a one ounce. Thanks for your insights!
Silver Britches thanks for watching, SB! The 1oz coins can sting a bit when you buy them, AND when you sell them. The fractional are a lot easier both ways. :)
Cool content 👍🏻
I stack mostly 1 oz eagles, but recently purchased my first buffalo, and WOW. I never saw one in person. Just an amazing coin. I'm also a huge fan of the Mexican 50 pesos. Just a gorgeous gorgeous coin. I don't stack fractional but I love ur concept of "the new monster box".
Jerigas Delayaragus completely agree on the Buffalo - I just picked up another. I love the Libertads every time I see them, but I haven’t grabbed one yet. Thanks for the comment!
Try the Maple lol
For me, quarter oz monthly purchases are more doable than saving to buy 1 oz every four months. This is my best way to stay in the game. Not as painful shelling out $500 vs $2000 on my bank balance.
💯
Fractionals definitely allows most ordinary income stackers to get in and dollar cost average. I love having fractionals, easier to liquidate than full ounces.
I’m a fan as well!
@@2is1gold What are your favorites?
Boston Stacker hands down, 1/4oz Eagles followed by 1/4oz Maples.
Ounces will usually have to be sold to dealers so you have to hold longer. Where as fractional can be sold privately very easily as its definitely more affordable
I bought threw the 6 months. I bought 10 gold 1/10oz coins. I added it all up I spent only 100.00 dollars over spot on the total over all spend. About the same on a 1oz gold coin.
Hello 👋
Fractional Gold bars much better than Silver large bars. Gold is Gold.
Excellent Hard assets. Keep up Excellent videos. Specially physical 24k Gold bars
I love Fractional Gold bars ( 1 Grams... 2.5 Grams... 5 Grams.... 10 Grams.... Half tola bar.... ) all excellent 👌 choices
Just getting started in gold. Goal is 1oz Au to every 100 oz ag. Like the 4 quarters and then 2 more or so for trade up. Think I may do similar. Enjoy your vids!
Thank you!
I did one big "trade up" when I got rid of all my two peso gold coins (the fractional of its day) and switched to the one ounce gold coins.
Enjoying your videos, thanks for sharing. Here in the UK Sovereigns are liquid and my local coin shop it's his favourite coin to deal with. I have some but my only turn off is the copper content with it being 917 gold as opposed to the 9999 coins like the fractional Britannias. The fractional coins could be more favourable in the future (if/when) gold prices rise .
Agree. I'd be less reserved about buying Sovereigns in the UK. And the Royal Mint has a lot of great modern options. I'd have an entirely different set of favorites on your side of the pond!
Another UK resident here and I share the same thoughts. You can sell Sovereign coins literally anywhere, even the cash converters will take them (I know someone who works in one) but I can't come to term with the colour of them. The allure of gold is it's shine and lustre and as a made to handle coin they lack that.
I always buy Brittanias but the Canadian maple leaf is looking appealing, mainly because I can stash a few on me for the next time I visit the US as an emergency monetary fund incase I need it.
Im not sure how easy it would be to liquidate 1oz Brittanias in the US.
@@bigbill74scots I agree with the beautiful yellowy colour does it for me! Seen a fair few Brits popping up on stackers videos over there. I guess any bullion dealer here will take Eagles or Buffalos but just be treated like a bullion coin though it depends on the dealers I suppose. Cash converters ever actually sell any of their sovs at the prices they are advertising? I've not been in one to ask
@@SovereignSaurus Incredibly, they actually do. The lady I know who works in one says sovereigns are one of their hot items that move easily. My only thought is that those paying the premium on them maybe dont have access to bank accounts to allow them to purchase via more mainstream ways.
@@bigbill74scots Maybe so... there are dealers where you can buy at 'fair' prices, I guess some people maybe just don't know what they don't know. Feel sorry for them in a way
I agree. It would make more sense to buy fractionals unless you like clipping beautiful coins in half all the time.
Can't even imagine clipping a coin. :)
@@2is1gold I visibly recoiled at the thought.
Ok I’m 12 rn but if in 20-30 years gold isn’t like $5000 an ounce then I want to buy a 1/4 ounce like every other paycheck and buy time I’m like 80 on my death bed I can give my grand kids a treasure chest with about 50-100 1/4 oz gold coins in it and they can pass it down for generations to come
That’s awesome passing down a legacy!
Very cool. Go for the gold! :)
I’d love something that size for a necklace pendant. 1/4 ounce.
Nice gold coins. Just subscribed and liked thanks for the video.
Thanks - I appreciate it!
Don’t worry I got your back, I bought a few tubes of silver also and put them in capsules hahaha. It’s just nicer to look at 😎
Ha, thanks!
He just made make the entire premium and then some 😂 I should have loaded up in Jan too.....Corona really shot that price up
The 1 tenth ounce coins are handy for using in a pay phone.
You will be getting ripped off if you are using them to make calls my friend
@@simonedwards5220 Yessssss! If I could find a pay phone.
I’ve done the whole tradeing up game. Still expensive, but fun.
I agree on the fun. It's one more acquisition!
I’m really enjoying the channel I like 9999 Perth Mint Gold coins any size.👍
Thanks! Perth Mint does some cool stuff. I have some lunars in gold and silver. I'm trying to stick to coins that are in highest demand by local dealers more recently, though. Wish the U.S. Mint would do something similar to them or the Royal Mint - the Queen's Beasts are great too.
Those are very nice pieces. If I owned them I would never trade up for 1 oz coins. Those quarter oz coins are too practical to get rid of. Think about this. If gold goes up to 8 grand per oz one of those is worth 2 grand. I live out of the US and I never see those.
You make a great point. I’m trying to keep 8 now at any time. Beyond that, though, I don’t really need the smaller denomination. I’m starting to like the quarters more and more, though.
@@2is1gold Its not like the quarter oz's are taking up a lot of space. I would love to have about 20 of those. Great pieces.
Glen H it’s true!
I love fractional gold..I really can't afford a whole oz in one shot..i know im paying a higher premium..but, I have a hard time saving money with 2 daughters living at home always needing something,so I buy what I can afford, when I can afford it..
I don’t trade up any of my fractionals. My fractional eagles are the coins I will hold on to the longest. I actually trade “down” when really good opportunities are available. If your LCS gives you the premium back on the fractionals when you trade up, that’s remarkable. That does not happen at any of my LCS’s.
They only give me _some_ of the premium back. (Like $10 of the $40 paid.) But in an even trade for a 1oz coin, I'm willing to give up the premium now and then to make it easier to stack consistently (1oz is my preference).
So being from Canada obviously my most liquid coin is the maple. So I stack maples. 1/4 1/10 and 1 ozt. Thing I find funny is how many people don’t like the half ozt coin. I wish I knew why. I don’t mind them but I guess it’s the least sold size. Great vids awesome gold chat my fav metal by far. Oh you know you can buy 20 mm air tites fits those maples sweet. Also aren’t the maples a little cheaper for you down there ? My thing is I want 24 k doesn’t matter which country really. I have found you can trade 24 k anywhere but not so much with the other purities. I had a similar issue with the sovereign European gold. Harder to unload.
Maple leaf metals we do get Maples a little cheaper here, and they’re a popular option. There’s a specific but widely misunderstood tax ‘benefit’ to buying American Eagles that adds to their popularity. (Despite their purity.) As for 1/2oz, I’ve never considered buying them until recently. But, I definitely see them increasing in popularity as prices increase. Thanks for the comment!
@@2is1gold See that's one advantage i have over you guys up here as long as the metal is 999 or above it is tax free in Canada same for 995 platinum as well. It also transfers inter generational with no inheritance taxes to my son. With that said I love your buffalo but unfortunately it carries a premium up here. I guess i will just have to get one when I go down there for a visit
I like the 1/10 and 1/2oz gold coins. I buy the 1/10oz coins then trade those for bigger coins alot of the times
The 1/2oz are looking smarter all the time with rising spot prices. Thanks!
I love the 5$ Liberty, for the same price!1907 or Pryor date MS63. Compared to MS70 ,1/4 Oz American eagle?
Love this vid, hope all your content is like!
Well, I just started getting into gold. Before I only had silver and not very much of it. But all my loans are paid off now, so gold is an option where it really wasn't before. 2020 Sovereigns and Swiss 20 francs are what I have been getting. After I get a few of each I'll be building up toward 1 oz (probably a Buffalo or Eagle), then back to world gold.
I'd be happy to hear any suggestions. Also that Chris Reeves Sebenza!!!
Good eye! The Sebenza is the most valuable thing on the table. :) I recommend the Buffalo every time. It's a great coin in every way. Thanks for the comment!
By paying off loans you are slready ahead of the game. Now you can start to live as a free man.
I buy 1/10 oz and 1/4 oz gold cause it works better for my budget. Also feel like they're easier to liquidate then a 1 oz coin. I do plan on getting a 1 oz coin in the future but my main focus is silver
d'oh, just bought a Queens beast. Hopefully being Canadian might make it more liquid
It's totally fine!
it might be easier for you to focus on the Psychology of why you "want" 24k vs 22k, as you get an ounce of pure gold with either one, so they are equivalent amounts of gold.....
Literally!
I just think it adds unnecessary weight and complicates my spreadsheet. But if it gets me a deal that lowers the premium, I’m about it. I just don’t get the sovereigns because I’m not about that rose gold like some others here. Probably will be the first gold piece i sell… whenever i get around to that…
1/2's are my favorite size; but I mostly stack 1/4's and 1/2's, and avoid 1/10's. I know they all carry more premiums than a 1 ozt coin, but premiums on 1/10's are ridiculous. I eventually want to get a 1 ozt coin, but I buy the 1/4's and 1/2's because I don't want to save for months for a full 1 ozt and then not be able to afford it with the spot prices being unpredictable.
Something that bothers me about the fractionals is kind of minor though. I know the denominations mean nothing, but why is a 1 ozt denominated at $50, a 1/2 at $25, and a 1/10 at $5, these make sense but a 1/4 is $10? Shouldn't it be a 1/5? If it doesn't mean anything, why not just make a 1 ozt denominated $100.
I love the eagles!
Jacob Parker great coins!
Yes for sure I only have a 1/10 oz proof but it is nice! I also have a 1914 $2 1/2 dollar gold piece too. The pre 33 designs are nice as well.
Great show, thank you. New sub here.
Hey, thanks! Happy to have you subscribed!
I would love the U.S. Mint to make 1/4oz American Buffalos .999 pure gold. I would feast on those. So I prefer American Eagles, nothing below 1/4oz so you can feel the weight.I switched to Gold in 2018 as well.
Silver Ripples 1/4oz Buffalos would take over!
Message the U.S. Mint directly so they know people want it.
Krugerrand !
Outside the U.S., for sure.
I bought my first Buffalo a couple weeks ago and I’m about 99% certain I’m done with silver. My problem is I do want to buy monthly but the premiums are too high for fractional gold coins(even though they are still less than typical silver premiums). Those 5 gram bars in the assay cards appeal to me. Easy monthly purchase and it would be fun to fill one of those 25 card bins. Plus low premiums. Would you suggest the 5 gram or should I just bite the bullet and buy the quarters in coins? I’d like to buy 1 5 grams assay card every month for 4 months then in the 5th grab a ounce coin.
I don’t like the 5g bars because they still carry a high premium and dealers don’t seem to like to buy them. That could be based on a small (dealer) sampling, though.
@@2is1gold I appreciate the response even if it wasn’t “absolutely, but all the 5 grams you can find!” The buyback/sale was my main concern.
1/4 ounce buffalo would be great
Am I the only one that knew the sebenza pocket knife??? Thats almost a 1/4 oz itself; have 2😜
Good eye.
@@2is1gold good taste😜
I would like to buy my first 1/4 oz coin in May 2021, should i purchase and start even if i have some debt? Thank you from Montreal!
Quick answer would be knock out the [revolving] debt first.
Can you put a 1/4 oz in the 1/10 capsule with out the black ring?
I think the u.s mint adds copper to bullion to give a matte finish to both silver and gold
For long term is there a preference in coin or bar?
Coins are my preference for sure.
Coins are more liquid
Good video 👍
Thanks!
Where did you get those capsules?
Bobby Van Gilder Good question. I'm planning a video on this soon. I use Air-Tites. It's pretty common to find them at a local coin shop, but I've picked up a bunch from both Amazon and APMEX. APMEX will tell you the exact size you need on the product's detail page - 1/4oz Gold Eagles are 32mm. You can get direct fit capsules or capsules with black rings. If you search Amazon, you'll find both the individual capsules and the storage container tubes (with the red lid). I personally use the Air-Tites with the black rings (because the outer diameter of the plastic will then line up with various coin diameters, from Silver Eagles to Canadian Maples), but the direct fit let you see more of the coins. Thanks!
Ebay
I know this is old but JP's corner is great if you're buying them in bulk. They do quantity based pricing so you get a discount if you buy larger quantities
With more pure gold in the Maples (instead of Eagles), why wouldn't you focus on Maples instead.
Eagles are more popular here. Eagles are 91.67% gold, but both coins have the same gold content. Eagles have more weight because of the silver and copper alloy. Cheers!
@@2is1gold wait a second. Isn’t an ounce an ounce? A one ozt AGE weighs the same as a one ozt Maple, no?
@@lonnielister nope. Both coins have 1 troy oz of gold. The AGE then has additional weight from some silver and copper.
2 is 1 I stand corrected. Weighed my 1ozt AGE and sure enough it’s 1.09ozt. The gold Buff and Maple are 1ozt, exactly. Thanks for clarifying.