Gold Coin Winners and Losers - Which is the Best Deal?

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  • เผยแพร่เมื่อ 14 ต.ค. 2024
  • Which gold coins are the best deal in terms of purchase price and buy back price? The buy to sell spread will show you the cost to buy vs the price you get in a sale, ultimately telling you what the best deal is. I'll show the math in this one. There are other considerations as well making some of the choices better regardless of the math.
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ความคิดเห็น • 285

  • @michaelferriss4594
    @michaelferriss4594 ปีที่แล้ว +16

    Best Gold channel out there, doesn't push the constant dooms day fear. Well balanced and logical. Thank you for your work!

    • @2is1gold
      @2is1gold  ปีที่แล้ว +1

      Thanks!

    • @edb3877
      @edb3877 ปีที่แล้ว

      Agreed. This is why I call this channel, "The Adult Gold & Silver Channel". No whining, no sniveling, no end of the world, and no one pushing PMs to buy
      from them, etc. Yes, there is a sponsor of the channel but from what I have seen over the past couple of years, 2is1 has integrity and it is NOT for sale.
      The sponsorship is simply a business deal and one of the better ones, without compromise. That I deal primarily with that sponsor also does not hurt. 😉

    • @DwarfDt
      @DwarfDt ปีที่แล้ว

      I'm glad I've found him because im starting my stack August 11th and I'm going to purchase a 1/4 oz britannia for 400. Let me know what u think.

  • @ArrickthaRed
    @ArrickthaRed ปีที่แล้ว +18

    I really appreciate your thoughtful videos. I'm new to stacking and you give great info and all without saying the world is coming to an end you gotta buy gold and silver. Just straight info on how to make a good decision for the future. Thanks for sharing the knowledge.

  • @homesteadaquarius
    @homesteadaquarius ปีที่แล้ว +7

    I appreciate your time to do all the math on this. The Britannia is a beautiful coin for sure and a good option. I WISH they make fractional buffaloes!

    • @2is1gold
      @2is1gold  ปีที่แล้ว +2

      Fractional Buffalos would be incredibly popular. Cheers!

  • @DeseretStacker
    @DeseretStacker ปีที่แล้ว +4

    Always with the great, straightforward info! Thanks!

  • @MargeSchott420
    @MargeSchott420 ปีที่แล้ว +18

    Insurance has a premium no matter what, whether its Allstate or Gold. Bullion dealers and higher volume coin shops are ruled by the refiners they sell to. What they pay you for a bar or coin is determined by what they can get for it. If you're willing to pay a premium on all the things you buy in life, the premium on precious metals seems minute.

    • @2is1gold
      @2is1gold  ปีที่แล้ว +1

      Yeah, good perspective. Cheers!

    • @ContrastWithSepiaPrince
      @ContrastWithSepiaPrince ปีที่แล้ว +1

      Excellent point! 🙂

    • @edb3877
      @edb3877 ปีที่แล้ว +1

      Yes, it is, and as time passes, the importance of the premiums paid shrinks to insignificance. I keep detailed records of all my PM purchases, but I have to say that
      if I wanted to know what the premiums were on gold that I bought below $1500 an oz., I would have to look that info up because I surely do not remember, off hand.

  • @michaelmccoy2847
    @michaelmccoy2847 ปีที่แล้ว +3

    Excellent video. Very pertinent. One subject that I’d like to know more about is selling your silver (local vs online) for gold. I really appreciate your work. Rooting for you to get to 100 k subs, that would be well deserved. Best wishes to all!

    • @2is1gold
      @2is1gold  ปีที่แล้ว +1

      Thanks Michael! I've done it a few times (and made a few videos). It's a funny topic, though. People come out of the woodwork to charge the hill. Some of them have pitchforks and torches. The part most don't like is that dealers typically factor in premium whether they itemize it or not. You don't trade along the ratio. You sell your silver to them and buy the gold from them, paying premiums twice. If you're okay with that part, it's pretty easy. Cheers!

    • @MrDavidknigge
      @MrDavidknigge ปีที่แล้ว

      @@2is1gold Yeah, so having said that it is best to minimize selling in order to buy something different. Hold what you have but switch what you buy.

  • @gregjohnson5175
    @gregjohnson5175 ปีที่แล้ว +5

    I’ve actually got some from all 7. Mostly the US coins, followed by maples. One thing I’ve learned in the short 2 years I’ve been stacking is coin recognition is important when it comes to selling. At least that is what I’ve heard. I’ve never sold. So while I might pick up an odd ball silver coin for fun, not with gold.

  • @deanthroop8054
    @deanthroop8054 ปีที่แล้ว +3

    I appreciate your practical approach and insights. That you for keeping it real and the effort you put into these.

    • @2is1gold
      @2is1gold  ปีที่แล้ว +1

      🤜🤛

  • @SilverBoyBlues
    @SilverBoyBlues 9 หลายเดือนก่อน

    THIS is exactly the information I’ve been searching for as a new stacker. Could you PLEASE do the exact same type of video for silver so that I know what coins/rounds/bars to buy from that buy/sell ratio mindset for silver as well. Thanks!!

  • @sharktoothstacker1428
    @sharktoothstacker1428 ปีที่แล้ว +4

    Nice video. Sound and backed by experience and history.

  • @TheFamilyFirst08
    @TheFamilyFirst08 ปีที่แล้ว +4

    Another well thought out and explained video. Good stuff to know and put into practice. 👍

  • @patrickausin7221
    @patrickausin7221 ปีที่แล้ว +1

    I'm just starting out stacking, and I appreciate your knowledge, my friend. All of your videos are priceless!! Pat.A

    • @2is1gold
      @2is1gold  ปีที่แล้ว

      Thanks, and good luck!

  • @PoorRichardsAlmanac
    @PoorRichardsAlmanac ปีที่แล้ว +2

    This is just what I was looking for when I mentioned “the delta” on your last video. Many thanks. Would be great if you could do the same thing on silver.
    Cheers!

  • @SilverBritches
    @SilverBritches ปีที่แล้ว +2

    Solid stuff bro!

    • @2is1gold
      @2is1gold  ปีที่แล้ว

      Thanks Britches!! 🤜🥃🥃🤛

  • @glenh4971
    @glenh4971 ปีที่แล้ว +3

    Yes, its important to buy the bullion that has good liquidity and low premiums. I buy Krugerands. You should too.

  • @bdw4827
    @bdw4827 ปีที่แล้ว +1

    Great Video... straight forward, honest infomation....thank you. I am a Brittannia fan myself but have egales, buffalos and maples as well.

  • @FutureInvestmentsBullion
    @FutureInvestmentsBullion ปีที่แล้ว +2

    Brilliant episode mate! What microphone do you use please?

    • @2is1gold
      @2is1gold  ปีที่แล้ว +1

      I use a Blue Yeti (X Professional Condenser) typically. I have a Shure SM7B Vocal Dynamic Microphone too that probably works a bit better but it's easier to move my Blue. Cheers!

    • @FutureInvestmentsBullion
      @FutureInvestmentsBullion ปีที่แล้ว +2

      @@2is1gold Wow! Sounds like some awesome kit. Thankyou for getting back to me. You're my favourite TH-camr.

  • @jsmlobo
    @jsmlobo ปีที่แล้ว +2

    Really great info as usual and appreciate the hard work that you do to produce the videos.

  • @wasillastacker
    @wasillastacker ปีที่แล้ว +1

    Good video considering I've got some buffaloes and a maple but mostly have been leaning heavy on their britannia's and the kangaroos for the past couple years thank you 2is1 for being the clearest voice out there✌

  • @markgotschall2914
    @markgotschall2914 ปีที่แล้ว +1

    I have a mix of 1oz gold, pre 33. Philharmonics, Perth Kangaroos, Buffalos, for fractional, 1/10oz lunar Rabbits, American Eagles, and some local coins made here in Colorado from Colorado gold. Also Picked up some unloved Pandas in 1/2 and 1/4 for 4% over spot from my LCS.

    • @MrDavidknigge
      @MrDavidknigge ปีที่แล้ว

      4% for unloved fractional is always nice.

  • @deaconhollow
    @deaconhollow 7 หลายเดือนก่อน

    Started a gold coin stock pile with Brit and maple with maple being universal and easy to liquidate if needed and Brit for the rise in growing popularity and being more secure than the buffalo.

  • @FrankLeeNacty
    @FrankLeeNacty ปีที่แล้ว +2

    Personally from a buyer/seller perspective I want all of my purchases and sales tracked for my 1099. I buy a lot more then sell for my inventory and I would gladly take a negative totaled 1099 for future possible deductions.
    Just added gold to my inventory this year and I’m aiming for Australian but US gold is looking for appealing.

  • @kokokev8
    @kokokev8 ปีที่แล้ว +1

    Another great video thank you. For me I stack our local bullion with a spread of less than 4% then Britannia 5% and lastly Maples 4%, only because I like the design on the Brits more.

  • @two_legit1832
    @two_legit1832 ปีที่แล้ว +2

    I typically purchase a 1/4 oz gold coin every month. Lately it's been Kangaroos, Lunar Rabbits and Brits. But this month it was an AGE. I took advantage of the recent dip.

  • @bullionbreakdown
    @bullionbreakdown ปีที่แล้ว +1

    i appreciate the work that went into this video, thanks.

    • @2is1gold
      @2is1gold  ปีที่แล้ว +1

      🤜🤛

  • @susanroecker1729
    @susanroecker1729 ปีที่แล้ว

    Another advantage for Eagles in Utah is they are considered legal tender and sales are not subject to State sales, income or capital gain taxes. Other states may have similar statutes. Thanks for your great channel.

  • @go4it129
    @go4it129 ปีที่แล้ว +1

    Great video. It helped me buy a 1/4 oz coin 10 minutes after I watched the video

    • @2is1gold
      @2is1gold  ปีที่แล้ว

      Nice! 🤜🤛

  • @bo_dink
    @bo_dink ปีที่แล้ว +1

    Great video! One of your best. I lean towards the American Gold Buffalos as my go-to stacker. For fun I love the Pre 33 Double Eagles & Spanish Mint Doubloons. I like those big Mexican Gold 50 Pesos too every now & then. For a backup the 1 oz Gold Britannias are nice. I do have a couple of those with queen on them. Quarter oz I stack the American Gold Eagles if I can get them at a 13% premium or less. The deals are out there if you know where to look!

    • @2is1gold
      @2is1gold  ปีที่แล้ว +1

      They're out there sometimes (deals on quarters). It's getting harder to find them consistently. Cheers!

  • @margaritpehlivanov4504
    @margaritpehlivanov4504 7 หลายเดือนก่อน +1

    I'm an Europeen, a Bulgarian, and by any means nothing seems to beat Britanias here... Premium, safety features, but most importantly buy to sell spread...
    Eta: not many local shops here, but Tavex gets us covered

    • @2is1gold
      @2is1gold  7 หลายเดือนก่อน

      Great coins.

  • @natemr4482
    @natemr4482 ปีที่แล้ว +3

    Great video brother nice stack of coins 🥃🥃🥃🪙🪙🪙

    • @2is1gold
      @2is1gold  ปีที่แล้ว +1

      Thanks Nate! 🤜🥃🥃🤛

  • @tomtharos4440
    @tomtharos4440 ปีที่แล้ว +1

    Good stuff. Thanks! My favorite is US. I do have some Perth, Maples and Britannias in 1/10, Britannias & a Maple in 1/4, one Britannia in 1/2 & 1 Britannia in 1 oz. My only disappointment is the 1/4 oz Maple in particular and all Maples in general. Don’t like the sizing.

    • @2is1gold
      @2is1gold  ปีที่แล้ว

      That bothers me too. 30mm should be 32mm and 20mm should be 22mm. Cheers!

  • @shaddrach777a7
    @shaddrach777a7 ปีที่แล้ว +1

    Thank you 2 is 1. I value your information.

  • @socalsilver6397
    @socalsilver6397 ปีที่แล้ว

    Good info for folks who buy from shops and/or online dealers.
    Me:
    Buy peer to peer, sell peer to peer. No BS paperwork to worry about. 👍🏼

  • @kian925
    @kian925 ปีที่แล้ว

    The premiums you discuss seem to be way off for my LCS’s here in California. Can you do a video on other buying options? How do you find brokers, big and reputable coin shows, private sales….etc.?

  • @Therese-1001
    @Therese-1001 ปีที่แล้ว +3

    No Chucks for me. I’m a Diana girl. Sticking with AGEs, Kooks, and Brits with QEII.

    • @2is1gold
      @2is1gold  ปีที่แล้ว +1

      🤜🤛

    • @Therese-1001
      @Therese-1001 ปีที่แล้ว

      @@2is1gold 🤜🏽🤛🏽👍🏽✌🏽

  • @Speuler911
    @Speuler911 ปีที่แล้ว +2

    1/4 - 1/10 Britannia and Krugerrand are my favourite. I accept I pay a higher premium for fractional but I like that I don't need to sell 1oz of gold if I ever need some cash. And I don't know if this is true or not but I believe shops/people are more "willing" to buy smaller fraction of gold because the potential buyer pool is much larger if we're talking about a 200-500 coin compared to a 2000 coin. So I have hope that I'll get some of the premium back when selling it.

    • @2is1gold
      @2is1gold  ปีที่แล้ว +2

      I like fractional. I’ve never found that they have a larger buyer pool, but they’re more flexible. Cheers!

    • @go4it129
      @go4it129 ปีที่แล้ว

      Exact the same for me. Especially since gold is hovering around $2,000

    • @MrDavidknigge
      @MrDavidknigge ปีที่แล้ว

      Most LCS prefer fractional or silver because it is more profitble.

  • @GHE2005
    @GHE2005 ปีที่แล้ว

    Interesting, learning new lingo in the gold & silver world.

  • @zenmazster
    @zenmazster ปีที่แล้ว +2

    Wow great video, this was super helpful and informative. I think you're finally helping me walk the bridge over from second place to first place. For me, seeing those numbers, i'll also target eagles despite the 1% diff. If i lived in europe it'd be the brit.
    So just as a math exercise, currently spot is 1946
    1oz eagle at jm bullion is 2058
    Difference is $112
    112/2058= .054
    So in this example, its an even better deal since its 5.4% instead of the example 6%, assuming my math exercise is correct

    • @2is1gold
      @2is1gold  ปีที่แล้ว

      Yeah, I’m seeing a lot of deals popping up lately. Cheers!

    • @edb3877
      @edb3877 ปีที่แล้ว +1

      I got 3 1-oz. gold Maples from SD Bullion for spot + $59 about 10 days ago. Could not pass up that deal.

  • @tylerticknor5215
    @tylerticknor5215 ปีที่แล้ว +1

    Fairly new stacker here, been watching your videos for a little bit now and appreciate the practical approach you take. Probably an off the wall question, but how would you view stacking some of all the coins you mentioned here and “diversifying” your stack as you would with other investments? I don’t consider the metal itself an investment, but I do invest my time and money into studying the market and stacking for the insurance and savings purposes you talk about a lot on this channel so just would like to hear your thoughts. Thank you again for the content

    • @MrDavidknigge
      @MrDavidknigge ปีที่แล้ว

      The market is always changing. Be careful about buying items that are fringe or newly popular and remember: What was popular last year may be less so 5 years from now. Don't be afraid to adjust your course.

    • @2is1gold
      @2is1gold  ปีที่แล้ว +1

      I try to keep things more uniform to make it easier in a possible sale (whether it's me doing the selling or my kids). Cheers!

  • @777oz
    @777oz ปีที่แล้ว +1

    It's like property investment. You have taxes and maintenance out the door. Hold long term and maintain is the only way to realize a profit. The difference with property is that you can make improvements during the holding period that could help long-term gains but may not. The maintenance and taxes of a property could be compared to safe handling and secure storage of your metals... Either way, there's investor/flippers, long term holders, dealers/agents, and then there's the people who use every dime to get something and hold it for life if they are able.

  • @kian925
    @kian925 ปีที่แล้ว

    I’ve been stacking for a year now. I only have Britannia’s. It’s a great looking coin, purchase price has lowest premium and all my LCS buy at spot regardless of coin including AGE’s.

  • @larrydavid7657
    @larrydavid7657 ปีที่แล้ว +1

    I enjoy your videos. What is your opinion on the 2023 Great Britain Gold King Charles Coronation Sovereign?

    • @2is1gold
      @2is1gold  ปีที่แล้ว

      Nice coin. Good bet it will have collector value for some.

    • @larrydavid7657
      @larrydavid7657 ปีที่แล้ว

      @@2is1gold Thank you!

  • @LD_Tush
    @LD_Tush ปีที่แล้ว +1

    Great content! As always... 1 is definitely none and that's currently making me angry, lol. Peace and love brother.

    • @2is1gold
      @2is1gold  ปีที่แล้ว

      Ha! 🤜🤛

  • @TuffEnuffIII
    @TuffEnuffIII ปีที่แล้ว +9

    rule #1. Never report anything to the government.
    There are plenty of buyers and sellers that will do business with you and have no problem telling the government to buzz off.

    • @MrDavidknigge
      @MrDavidknigge ปีที่แล้ว

      But you may not want to say that if you have a large TH-cam following.

    • @jameslittle8629
      @jameslittle8629 ปีที่แล้ว +1

      @@MrDavidknigge😅

  • @issam8290
    @issam8290 8 หลายเดือนก่อน

    @2is1, Buffalo did come as fractional in 2007 (1/10th). I have seen that there are selling at 3 to 4 times spot price. As a collectible and since they may never come again as fractional, do you think it is worth buying ?

  • @Wookietown
    @Wookietown ปีที่แล้ว +1

    Do you continue to purchase 1/4 oz coins? I appreciate that it is a great option for people who want to make regular, frequent purchases, but I just have not gone that route. I exclusively have one ounce coins. Even when spot prices take a dip, I choose to wait until I have the funds to make a one ounce purchase. I don't have anything against fractional gold, it's just a better value for the full ounce so I choose to wait.

    • @2is1gold
      @2is1gold  ปีที่แล้ว +1

      I buy 1oz primarily.

  • @tann888
    @tann888 19 วันที่ผ่านมา

    I'm new to buying gold. I got a few bars and gold coins from Costco recently. So I went to my LCS and asked him, Bid price of 1oz AGE coin 2790$, Buy 2500$ and for the Pamp 1 oz gold bar, he would pay 2120$. That kinda make me feel bad for investing in gold or this LCS is just a rip off shop?

  • @wda-59-14
    @wda-59-14 ปีที่แล้ว +1

    Plan A is still in effect: working on one tube of Eagles, one tube of Buffalos, and two 10-coin tubes of Maples... 2/3 coins of the realm, 1/3 global favorite...2/3 is 24kt, 1/3 is 22kt... I live where Maples are readily accepted, and I'm under the 1099 limit. Figure this plan will hold till those US Mint tubes are full and then I'll reassess.

    • @2is1gold
      @2is1gold  ปีที่แล้ว

      Good plan. 🤜🤛

  • @kevinj2334
    @kevinj2334 ปีที่แล้ว +1

    I'm liking the funky intro

  • @DanCooper404
    @DanCooper404 9 หลายเดือนก่อน

    If and when I start purchasing gold, I'll be leaning towards the Canadian Maple Leaf, I think. I live very close to the Canadian border, and their quality and security features make the U.S. Mint's look like the joke that they are. Besides, at a slightly lower price than Eagles or Buffalos, I could also pick up a little silver for the same total amount as for just those, and that doesn't seem like a bad thing.

  • @wildlifeencounters2527
    @wildlifeencounters2527 ปีที่แล้ว +1

    What are your thoughts on US commemorative gold. I’ve got a couple of smaller pieces and I am considering a half ounce Jacqueline Kennedy proof premium is low but US mint and has a dollar face value.

    • @2is1gold
      @2is1gold  ปีที่แล้ว

      I have a few commemoratives. Hard to know which are going to do well.

  • @Mike-ve8gt
    @Mike-ve8gt ปีที่แล้ว

    1/4 oz AGEs are $571 today at my dealer, minimum 20 though. The also publish buy back prices.

  • @MrDavidknigge
    @MrDavidknigge ปีที่แล้ว +2

    You didn't mention the benefit of the lower initial cost allowing for a larger quantity purchase over time. If the goal is to hold for the long term with the hope that the spot goes up appreciably, well then every ounce matters. Regarding fractionals, everyone overlooks $5 gold US Mint Commemoratives which can often be purchased for a 4% premium, but I understand that may be difficult for everyone to access. For most investors in PMs, I think your advice is wise. 😎

    • @2is1gold
      @2is1gold  ปีที่แล้ว +1

      I think for most people, buying what's easiest to sell is the best plan. Like you point out, Commems aren't widely available or widely understood (i.e., popular). I have a local dealer who sells $5 Commems for fire sale prices unless he has a line of people wanting them at any given time. He's said before that he doesn't like the odd size for inventory purposes, so he sells a handful of coins for a point or two over spot. There's probably more than that going on, but he sells Roosters, Sovereigns, Commems, etc. that way. His buy back on those options, though, is terrible - 5% or more back of spot last time I checked. It was worse pre-2020. My concern would be how they'd sell in a time gold wasn't hot. They're for people with a specific plan. Cheers!

    • @MrDavidknigge
      @MrDavidknigge ปีที่แล้ว

      @@2is1gold You make good points. Thanks for taking the time.

  • @yedidyah-jedshlomoh1533
    @yedidyah-jedshlomoh1533 ปีที่แล้ว +38

    I don't buy gold and silver coins to sell. I buy them to feed myself and my children and grandchildren in case of depression. If no depression I will leave it to the children.

    • @BlacksmithBets
      @BlacksmithBets ปีที่แล้ว +3

      So they are in case you need to sell them or your kids need to sell them then?…

    • @aaronwhitty828
      @aaronwhitty828 ปีที่แล้ว +1

      ​@blacksmith321
      I think he means for straight swap/bartering for food etc. I'm presuming during a depression there's not much money about.

    • @yedidyah-jedshlomoh1533
      @yedidyah-jedshlomoh1533 ปีที่แล้ว

      @@BlacksmithBets We all make good money (working hard) . We all own our houses. We all pay cash for our vehcles. We all have savngs and cash and gold and silver. if we go through a deppresson and go through our goods we may be able to sell or to barter for food. it is just anther backup. i also have a small garden and fruit trees.

    • @jackcarraway4707
      @jackcarraway4707 ปีที่แล้ว +1

      Gold is a good place to put your emergency fund.

    • @yedidyah-jedshlomoh1533
      @yedidyah-jedshlomoh1533 ปีที่แล้ว +1

      They will learn.

  • @TheQuickSilver101
    @TheQuickSilver101 ปีที่แล้ว +7

    I know local options are the best but I can't seem to stop buying American coins. The Maple Leaf is beautiful but I see that same obverse on all my pocket change. At least I can avoid tax if I get Buffaloes. I'm in the US on vacation so I'm probably coming back with some new Buffaloes to add to the herd. Thanks!

    • @2is1gold
      @2is1gold  ปีที่แล้ว +1

      That's an interesting take. I think I'd want something to look distinct from pedestrian coinage too. I hadn't thought about that. Cheers!

    • @ItsEverythingElse
      @ItsEverythingElse ปีที่แล้ว

      You can't legally "avoid" tax.

    • @TheQuickSilver101
      @TheQuickSilver101 ปีที่แล้ว

      @@ItsEverythingElse I can avoid sales tax if I buy 24k gold

    • @wda-59-14
      @wda-59-14 ปีที่แล้ว

      @@TheQuickSilver101 Agreed...Avoidance is legal, and how accountants and tax attorneys make bank; Evasion is what'll get you.

    • @TheQuickSilver101
      @TheQuickSilver101 ปีที่แล้ว

      @@wda-59-14 Absolutely. Buying a certain kind of gold so you don't have to pay sales tax is completely above board. Not paying capitol gains when you sell, That's evading and will get you smacked with fines and you'll still have to pay anyway

  • @72cmcinc
    @72cmcinc ปีที่แล้ว +1

    Can't go wrong with that list at all! While I do have most of those and others, I do continue (for the most part) to stick with American gold!

    • @edb3877
      @edb3877 ปีที่แล้ว

      Nothing wrong with that at all. I have a mix of AGEs, gold Maples, and a few gold Britannias. I like the low cost of the Britannias and the security features as well as
      the 4-9s purity. I like the Maples because I live in a northern state where Canadian coins are quite common. I also like the AGEs quite a bit and would sell them last
      during hard times. I don't care for the buffalo design, even on a nickel, so don't collect them. I would consider buying some pre-1933 US gold coins if I could get them
      at reasonable prices.

    • @2is1gold
      @2is1gold  ปีที่แล้ว

      🤜🤛

  • @awakenotwoke4830
    @awakenotwoke4830 ปีที่แล้ว +1

    My Lcs told me soon they will have to report all gold sales. He also said if I sell him anything over $1850 he needs to report it.

    • @2is1gold
      @2is1gold  ปีที่แล้ว

      It isn't a federal requirement. It might be municipal.

  • @bigdogs-29
    @bigdogs-29 ปีที่แล้ว +2

    Those LIMITS on the sale...max 25 ozt Maple, Krug, $1000 Constitutional Silver, 1K of Silver bars, 1 Kilo of Gold, before the 1099 form is triggered.
    I've ALWAYS been confused on the TIME FRAME to those limits on selling AND buying.
    Same type of question I have when buying. I'm told to remain UNDER the$10K cash before triggering a report that has to be filed.
    Are these limits on buying AND selling, on a per transaction basis? On a daily, weekly, monthly, yearly basis. Is that a lifetime limit on selling? I've never got a clear answer, even from my LCS.

    • @2is1gold
      @2is1gold  ปีที่แล้ว +1

      There isn't much clarity. The rules specify a sale or series of sales.

    • @bigdogs-29
      @bigdogs-29 ปีที่แล้ว

      @@2is1gold Ahhhh. Thus the LCS’s dodgy responses, at best. I’ll keep asking around. Thanks for your wealth of knowledge. StackOn.

    • @wecx2375
      @wecx2375 ปีที่แล้ว

      ​@@2is1goldthe series of sales is because you are required to report people who are trying to structure their sales to dodge reporting. So if you sell 20 Thursday and 10 Friday than the dealer should fill out a suspicion form to report structuring. You gotta go to multiple dealers

  • @rodgerjohnson3375
    @rodgerjohnson3375 ปีที่แล้ว +1

    A question that has dogged me for several years but never thought to ask.

  • @boilermatt
    @boilermatt ปีที่แล้ว +1

    Thanks for the video. Nice Victorinox (or whatever it is). 👍

    • @2is1gold
      @2is1gold  ปีที่แล้ว

      Yep Victorinox. 🤜🤛

  • @maxcactus7
    @maxcactus7 ปีที่แล้ว +2

    Yet another hand goes up from the back of the class, this time from the intellectually-challenged kid. Can you explain to us, professor, why you don't stack any gold bars when they have a lower premium? Is it liquidity upon sale, premium spread, security features, something else? All of the above? Otherwise, another fantastic video, thank you!

    • @2is1gold
      @2is1gold  ปีที่แล้ว +3

      When I started, dealers would break them out of the assays to run acid tests on them. That left them with non-assayed, second-hand bars that were hard to sell, so they weren't popular with buyers and their buy-back prices were really low. Today, most dealers have high-end scanners and can test pretty easily. Popularity hasn't caught up yet, probably because the U.S. Mint doesn't produce bars. But I'm more open to them now than I was when I started. I just haven't had a big reason to jump yet. Cheers!

  • @benreierson2607
    @benreierson2607 ปีที่แล้ว +1

    Personally, I like variety. Don't plan on selling 1 large portion anytime. Look forward to your follow up on this.

    • @MrDavidknigge
      @MrDavidknigge ปีที่แล้ว

      Yes and additionally have some that is more liquid if you want to venture off the well-worn path once in a while.

  • @arafatbukhari4424
    @arafatbukhari4424 ปีที่แล้ว +1

    Hello 👋👋
    All Gold Bars are good brands. In my country it's a popular Swiss Pamp bars+ Millat Gold Bars Dubai brand.
    The other one's excellent as well. As long as they are 999.0% pure

  • @nathanr.494
    @nathanr.494 ปีที่แล้ว +1

    i just like 1/4 eagles. cause if I wanted, I could by other !/4 coins and the size would be about the same and I would a neat collection of
    different designs.

  • @colossus8418
    @colossus8418 ปีที่แล้ว +1

    I suppose the good reason for other coins is simply because you wont sell them unless you really have to due to circumstances, Gold is still Gold. As for me, once i have collected a few nice world coins it will simply be Kangaroos, Britannia, Maples and some Perthmint Lunars and Chinese myths and legends.

    • @2is1gold
      @2is1gold  ปีที่แล้ว

      One of the things I like about Perth Mint coins is they're all the same size. I can keep them in the same tubes and know they'll all be handled pretty similarly by a local dealer. Cheers!

  • @cairpreliffechair832
    @cairpreliffechair832 ปีที่แล้ว +1

    Chinese gold pandas: smash or pass? US gold commemoratives: are they 1099B or same as Eagles/Buffalos? I personally like the British Sovereigns as fractional foreign, all types. Also, might put out a video of what to expect of damaged gold coins on prices.

    • @2is1gold
      @2is1gold  ปีที่แล้ว +1

      Pandas aren't on my list. I'm a hard pass. 1099-b requirements are pretty specific - nothing from the U.S. Mint. Cheers!

  • @Mastoura
    @Mastoura ปีที่แล้ว +2

    I am from Canada and i buy my gold maples at 1 percent over spot (my private source) and i can sell them anytime to local dealers at 1 percent over spot.....But none of mine are for sale :)

  • @tonyw.3210
    @tonyw.3210 ปีที่แล้ว +1

    My favorite LCS sells AGE/Buffalo 4.3% premium but Brittanias 2.1% but I think it’s spot buy back
    However the other LCS sells at 6-8% and less than spot buy back 😢

    • @2is1gold
      @2is1gold  ปีที่แล้ว

      Your favorite shop has great prices.

    • @MrDavidknigge
      @MrDavidknigge ปีที่แล้ว

      It pays to shop around.

  • @RKnVa
    @RKnVa ปีที่แล้ว +1

    Great video.

  • @colindavis1496
    @colindavis1496 7 หลายเดือนก่อน

    The 25 or more Maple leaf 1099 requirement is not a big deal if you make multiple transactions with each transaction containing only 24 coins to avoid the requirement am I correct...?

  • @rodgerjohnson3375
    @rodgerjohnson3375 ปีที่แล้ว +1

    What do the big bullion dealers pay for gold when purchasing from the mint in bulk? A percentage or a flat fee and how much if known?

    • @2is1gold
      @2is1gold  ปีที่แล้ว

      It varies of course on the buyer, the volume, and the product. The U.S. Mint publishes its wholesale prices. For 1 oz gold coins, it's 3% over spot with a minimum order of 1,000 ounces. Silver Eagles are $2.35 premium per coin with a minimum of 25,000.

  • @BillysBullion
    @BillysBullion ปีที่แล้ว +1

    I was just wondering why you don't really talk about gold bars for stacking? The premiums are are always super low. I have noticed that the 5 gram - 20 gram range stays pretty similar in premium. Seems like a goof way to dollar cost average. I bought random 5 gram bars during last dip and can sell for break even after only a few months.

    • @MrDavidknigge
      @MrDavidknigge ปีที่แล้ว

      The bars are easier to counterfeit and have to be broken out of their assays to verify. That diminishes the resale price.

    • @BillysBullion
      @BillysBullion ปีที่แล้ว +1

      @MrDavidknigge you can stick a bar on a sigma and feel pretty confident. Having the gold in an assay vs loose doesn't change the price I get at the We buy gold store near me. It is similar to paying extra for a NSG coin. You aren't getting a premium back. You aren't paying for nor getting back a premium on a gold bar in an assay. $2-3 over per gram is what I find and I get back spot or 98% melt. I don't know good coin shops that pay over spot

    • @2is1gold
      @2is1gold  ปีที่แล้ว +1

      David mentioned it, but it's based on verification. A local shop with a good scanner won't have problems verifying them, so it's getting easier, but private sales can be difficult. That, I don't know many shops that buy them back for enough to beat the 4% buy to sell spread at the 1 oz size. Cheers!

    • @BillysBullion
      @BillysBullion ปีที่แล้ว

      @2is1gold you know of any good shops in the Nashville area? Lol I have not found one place paying over spot down here.

  • @SpecialJunk
    @SpecialJunk ปีที่แล้ว +1

    Whatever my LCS has in stock that matches the cash I have on hand is the best deal for me

  • @calebdoner
    @calebdoner ปีที่แล้ว +1

    I wanted to like the Britannias, but I just can't do it. I can't see myself ever wanting to stack them.

    • @2is1gold
      @2is1gold  ปีที่แล้ว

      They haven't really stuck for me either. I couldn't explain why.

  • @ItsEverythingElse
    @ItsEverythingElse ปีที่แล้ว +3

    I like Brits for the quarter size too.

  • @seanye3559
    @seanye3559 7 หลายเดือนก่อน +1

    *I BUY TO SAVE IN CASE OF MY DEMISE, MY WIFE & KIDS WILL HAVE IMMEDIATE ASSETS.. BOUGHT MY FIRST OZ IN FRACTIONS (BOTH COINS & BARS) ONLY SPENT $71 OVER MARKET PRICE*
    *I PLAN TO BUY 10g BARS & 1/4oz COINS GOING FORWARD*

  • @revpgesqredux
    @revpgesqredux ปีที่แล้ว

    Reruns are weirdly popping up on very good channels... This one, Doug Casey, Maneco64, 😮

  • @seamusdoherty
    @seamusdoherty ปีที่แล้ว

    If i decide to trade gold back to a store, what price do i get? whatever value gold is at or the spot price they are selling at?.

  • @yeetyeet8365
    @yeetyeet8365 ปีที่แล้ว

    Loving that pocket knife.

  • @freisein6554
    @freisein6554 ปีที่แล้ว

    Isn’t the Krugerrand one of the most recognized gold coins ? Can you go wrong ? Or are there better options? I am talking keeping it ,…long time.

    • @2is1gold
      @2is1gold  ปีที่แล้ว +1

      They're great, but some regions have strong preferences for 24k coins.

  • @shadowork_
    @shadowork_ ปีที่แล้ว

    I know they're your fun options but What about the spread on your 2021 Liberty 🐎 once graded? People are asking $5,500-$7,000 on ebay. Even though it's double spot to get one. Also what are your thoughts on grading?

    • @2is1gold
      @2is1gold  ปีที่แล้ว +1

      Depends on how it grades. You never know until you get it back.

  • @beckamarie2438
    @beckamarie2438 ปีที่แล้ว

    In the states that accept G & S as currency 💲 I saw it has to come from the U.S. Mint. Is this true?
    I have both! More rounds and foreign coins than U.S. Mint.

  • @num1cheechwizard
    @num1cheechwizard ปีที่แล้ว +1

    Buy AGEs and Buffs with your Brain. Perth and exotics with your heart. Know the differences and enjoy the ride. Cheers.

  • @Labukh84
    @Labukh84 ปีที่แล้ว +1

    I just buy Britannias due to quality, cost, and 24k.

  • @Greg-p2i
    @Greg-p2i 6 หลายเดือนก่อน

    Pre 33 has it all MS 63 about the price of Buff. You can’t ignore the best.., If I was a serious stacker easy . No brainer pre33 .

  • @go4it129
    @go4it129 ปีที่แล้ว +1

    I’ve noticed Krugerrands premiums have gone up. Not sure why

    • @2is1gold
      @2is1gold  ปีที่แล้ว +1

      SDBullion has 1 oz Krugs for 3.5% right now.

  • @go4it129
    @go4it129 ปีที่แล้ว +1

    Does it work the same with 1/4 oz gold bullion coins

    • @2is1gold
      @2is1gold  ปีที่แล้ว

      The difference is more exaggerated with fractional. Britannias pull further ahead on the deal.

  • @Scott11B
    @Scott11B ปีที่แล้ว

    What do you think about $10 1/2 ounce 9999 coins like the first spouse series. When I find them close to spot, I always grab them.

    • @MrDavidknigge
      @MrDavidknigge ปีที่แล้ว

      It is a smart buy provided you are not in a hurry to sell them. Coin shops prefer silver and fractional gold.

    • @Scott11B
      @Scott11B ปีที่แล้ว

      Jefferson, Jackson, Van Buren, Buchanan proofs have great designs, not many 9999 1/2oz coins have been minted by the US. Saving big time on premiums way leas than half ounce eagles. Bonus they all have very low mintages.

  • @danielcaissie1207
    @danielcaissie1207 ปีที่แล้ว

    Being from 🇨🇦 🍁 I buy mostly 🍁 but I do own foreign coins also 😊

  • @TheodoreJohnTriantafillis
    @TheodoreJohnTriantafillis ปีที่แล้ว +1

    New buyer here are 1099 B's needed for Britannia or Philharmonics?

    • @2is1gold
      @2is1gold  ปีที่แล้ว +1

      Not currently. (No reason to think that will change.)

    • @TheodoreJohnTriantafillis
      @TheodoreJohnTriantafillis ปีที่แล้ว

      Thank you so much!! I look forward to your insight daily@@2is1gold

  • @RICHIELUXURY
    @RICHIELUXURY ปีที่แล้ว +1

    I’m so glad I sold yesterday 😅

  • @scottystacker4660
    @scottystacker4660 ปีที่แล้ว +1

    What about pre-33 us gold coins?

    • @2is1gold
      @2is1gold  ปีที่แล้ว

      I’m a fan, but there’s no real standard for price or buy back. If you can get them for reasonable prices, I think it’s good to have some. Cheers!

  • @skylercogburn6553
    @skylercogburn6553 ปีที่แล้ว +1

    Dude you rock

    • @2is1gold
      @2is1gold  ปีที่แล้ว

      Hey, thanks!

  • @nancymontplaisir3467
    @nancymontplaisir3467 ปีที่แล้ว +1

    I think of premium's like over head , it help's some how. We have the Missouri Numismatic Society's Annual Coin Show going on but like a gun show I tend to over buy I'm better at S&D's web site . I think before i click less walking, Have a great day stay cool be well

    • @2is1gold
      @2is1gold  ปีที่แล้ว

      Thanks! You too!

  • @dandelioncorsage
    @dandelioncorsage ปีที่แล้ว

    Been seeing cheap gold Buffalos and Eagles in slabs at well known TH-cam shops and bought one at my local shop for $110 over spot. But on ebay $300-$500 over. Am i missing something?

    • @MrDavidknigge
      @MrDavidknigge ปีที่แล้ว

      People overpay for slabs when new. Speculators who resell over-buy and dump them. Slabs don't add value over the long haul and are more difficult to authenticate.

    • @2is1gold
      @2is1gold  ปีที่แล้ว +1

      Slabbing them makes them seem collectible. People sell them for more because of it. It's a trap.

  • @seadoomania
    @seadoomania ปีที่แล้ว

    Do u pay tax on your gains under 5 k in Australia?

  • @donnelson4140
    @donnelson4140 ปีที่แล้ว +1

    Victorinox! Nice.👍

    • @2is1gold
      @2is1gold  ปีที่แล้ว

      It was a fun release!

  • @pricematcher7842
    @pricematcher7842 ปีที่แล้ว

    Why pay for overpriced 22k eagles , sunshine mint gold rounds are made by the exact same supplier of blanks. Dont buy If its not 24k .9999 maples . Keep your off yellow 22k junk. Junk silvers a trap too. Good video😊

  • @HJuice23
    @HJuice23 ปีที่แล้ว

    Isn't the 1/4 oz gold lunar rabbit cheaper than the 1/4 oz gold britannia, making it a better buy?

    • @2is1gold
      @2is1gold  ปีที่แล้ว

      If you're selling to a local dealer, the Britannia is probably the better buy. If you're selling one-off to a private buyer, the Lunar will probably eventually win out. Cheers!

    • @HJuice23
      @HJuice23 ปีที่แล้ว

      @@2is1gold I see, thank you for the clarification.

  • @michaelferriss4594
    @michaelferriss4594 ปีที่แล้ว

    The 1099B is good info. I am Canadian I wonder if we have something similar here. If anyone knows I would appreciate it.

    • @MrDavidknigge
      @MrDavidknigge ปีที่แล้ว

      Ask the person who sells to you.