Buying Gold Coins - Everything You Need To Know
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- เผยแพร่เมื่อ 31 ก.ค. 2024
- Which are the best gold coins to buy? Where is the best place to buy gold coins? How much should you pay? Are fractional gold coins a good buy? This video is a Precious Metals Buyer Guide. Basically, everything I wish I knew when I was starting out. It should give you all you need to know to be able to confidently get started buying gold.
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🚨 This video has been updated for 2023 here: • How to Buy Gold - Star...
00:00 Introduction
00:56 PART 1: WHAT TO BUY
01:27 1 oz American Gold Eagle
02:26 1 oz American Gold Buffalo
03:54 1 oz Gold Canadian Maple Leaf
04:57 PART 2: HOW MUCH SHOULD YOU PAY?
05:26 Understanding Spot Price
07:13 PART 3: WHERE TO BUY GOLD COINS
10:33 PART 4: WHAT SIZE GOLD COINS TO BUY
10:57 1/10 oz American Gold Eagle
11:48 1/4 oz American Gold Eagle
12:34 1/4 oz Austrian Philharmonic
12:59 PART 5: HOW TO STORE GOLD
The Best Gold to Stack for the Long Game is a specific answer. It's not simply "gold".
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I buy gold and other assets on a dollar cost average schedule and then buy more as price and interest allow. If you want to know more about buying gold coins, that is my primary focus here. I talk a bit about cryptocurrency, mining stocks and other equities as well. Cheers!
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Disclaimers: I am not a financial planner, a CPA or an attorney qualified to give financial advice. I'm just a guy on the internet, talking about precious metals. This is for entertainment only. Who isn't entertained looking at gold coins? If you're looking for financial, tax or legal advice, please seek out a professional. As an Amazon Associate I may earn commissions from qualifying purchases. Any potential compensation I earn will not negatively affect your purchase.
Thank you!
“You’ll also see it has a face value of $50 so you can go into a store and buy $50 worth of goods with it, but before you try that let me know, ill buy it from you for $60” 😂😂😂
😄
Shows how much the buying power of gold has changed since the 70s
I'd give $70. 😂
I feel generous, i buy it for $100
This comment section has amazing returns
I love the speed in which you speak… makes it very clear and comprehensive
Thanks!
UPDATED VERSION for 2023. Check it out: th-cam.com/video/2EKhHdTRWus/w-d-xo.html
Today it's not about return ON capital. Today it is about return OF capital.
Either you’re great at coming up with interesting topics, or your super-power is making boring topics seem interesting! Either way, well done again, sir.
Thank you! Making boring stuff popular since 2020 ™️
Im thinking of sending my 3 grandchildren coins but im looking at 500 bucks apiece. What do you recommend..thanks
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Love your videos. Well organized and easy to understand and learn from, Thanks!
Thank you! I appreciate that!
New to this world. One of the best, easy to understand videos I've seen so far. Thanks
What an excellent video this was! Filled with useful information. Thank you - much appreciated.
Thanks!
Thanks for the information. But it's nothing that I don't already know over the last decade of buying gold. Your presentation is top drawer.👍🏻
Thank you!
Great information. Very good job of walking newbies through the essentials without the chatter.
Thanks for watching!
Thank you for this. Been looking into this and a youtube search led me to your video. Greatly appreciated. Great pacing.
I been spending a good deal of time on learning about PM (I wonder if you recognize my icon picture yet?). You are by far the easiest to listen to. Definitely my favorite PM channel to watch.
Thank you! (And I do recognize you.) ✊
It’s very important that you don’t buy from the adds in the back of your aarp magazine
I haven't seen those yet, but I can imagine!
Is investing in gold better than investing in forex?
Because I've lost a lot in forex
Lol you have to trade professionally if you don't want to keep loosing your money.
I've got a friend Mary she would help you out
@Ken Doe yes they are good
I was at the gym watching an info commercial selling SAE for $70 plus shipping or you could get a roll for $60 each I was horrified
Buying gold seems pretty great. You’re able to hard-lock your money into a form that’s got a barrier to selling. This would be good for someone trying to save up a large amount of money… to buy a house. This is a stable metal. Very very nice.
Agreed. That's a good way to look at it!
Thank very informative I learned a lot, I have to do my research on what I'm buying from my local coin shop. I have done business with before buying graduation coins for Grads one year they gave me a nice box to keep the coin in that made it a very nice gift. Now the Gold coin I'm glad I learn it needs to be in a capsule to protect it.
Thank you so much. Learned so much and answered all my Qs.
Thanks for watching!
This is quite informative for me, as a first-time prospective buyer. Thank you!
Thanks for watching!
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_If you convert your currency to gold bars versus coins you can get a higher premium instead of just spot price, bars are more popular in status especially bars that are minted versus casting_
Great video for newbies like me. I am starting to buy so a lot of info in the video. Thank you!!
Hope it helps. Good luck!
2:24 - “Because I’ll buy it from you for $60” 😂😂😂
I'd give $70. 😂
Years ago I remember reading video headlines “Buy gold” Well, I’d see the audience ask “ok, but what kind are you talking about?” There were people buying gold Britannia or roosters etc. In the past the channels didn’t get detailed as you did here. Spot on brother
Thank you! I think there are a lot of people coming into gold for the first time right now, and it’s really easy to make a bad purchase or not even know where to go. I know I screwed up quite a bit when I got started! 🐓
This was comprehensive and wonderfully helpful. Thank you for sharing your expertise.
Yeah, thanks for watching!
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thanks for all the info, have been trying to get into coins for the longest time.
Yeah, good luck!
great video! I am fairly experienced myself but this very clean and concise. I appreciate the breakdown..!
Thanks for the comment!
In December 1997, The Financial Times ran an article entitled “The Death of Gold.” Since then, the gold price in US dollars has increased 519% from $288 to $1,780. Today, after many political events and crises we have evidence of the continuous and in many ways spectacular growth of the gold price. This confluence of many current events is creating a perfect storm for gold to increase dramatically more than we imagined.
Very useful - clear and slow speech so easy to understand. A good start to my research into buying gold.
Glad it helped! Good luck!
It was excellent!
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Honored through the ages, the standard of wealth, the original money, the safe haven. I love gold!!
LOVE YOUR VIDEOS !! just had to let you know.. I buy 1/4 all day long an LOVE them..
Well I just learned another lesson from you. I figured out that instead of bugging you with all the questions in my head I just need to watch & listen to all your videos first. Although my list of questions is being answered the more I watch, my list of questions is growing too. It's like a never ending cycle so you cant ever stop ha ha ha. I'm excited to have stumbled across your channel. Gets me excited to buy gold too. Thanks and stay 4-nines solid my friend.(I just made that up. Copyrights lol)
Glad you found the channel! Thanks for watching!
“Stay 4-nines solid my friend” is now the unofficial gold bugs blessing.😄
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this was very informational thank you for this. I have been trying to move some assets into gold since the beginning of the year and this really helped me out.
Glad to hear it. Good luck!
thanks, i'm working on adding gold bullions to my portfolio now
Glad I watched. Thanks.
I like listening to your voice, it’s so smooth. You should be on the radio!
Ha - thank you!
Thank you! The video was very helpful.
No problem - thanks for watching!
Fun and useful fact for you guys if you sell over $10,000 in gold in a day make sure they're american gold eagles and you won't need to fill out an IRS form with your transaction therefore it doesn't get reported to the IRS. Nice tip if you want to get the most out of your investment and it is 100% legal.
Great video your description of how things work is pretty "spot" on haha! I work at a coin shop and depending on supply and demand we will usually do $10 over spot for an unscratched/ undamaged 1oz/fractionals etc. coin because we believe in keeping our client base happy and its much cheaper than buying from the whole seller at $50.00 - $60.00 over spot while keeping that wiggle room for profit. Thank you for explaining to the new comers it helps us all!
Thank you for the information in this video. Vital information for the newcomer to collecting Gold. Keep the videos coming.
VERY HELPFUL Had no idea that smaller coins end up costing more than 1 oz.
Minting costs. I sell 1/4 sovereigns often.
Thanks for that!
Very informative!
Looking forward to purchasing my first Gold Coin!
Good luck!
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I bought 1oz gold bars as my first purchase. Canadian Mint and rand gold (Barrick elephants from South Africa). Silvertowne buffalo and Indian silver bars also.
Well watching your video made me realize the site I was buying from I could have saved alot of money by paying in a different way
Appreciate the video learned a great deal I'm new to this and you gave me some pretty decent insight thank you
That's great to see. Thanks for watching!
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I am a novice trying to buy gold coins. Thanks for your podcast it is excellent because it answered all of my questions.
That's great. Good luck!
Solid info. Thanks for making this!
Thanks for watching this!
Great job. I'll definitely use the information. Currently only have 1 1/10th oz American gold eagle and 1 1/10th oz Chinese gold. And 2 scrap gold rings....I really need to focus more on gold....lol. started last year in July and almost up to 100 oz silver. But at least I'm stated
Yeah, good start. This has been a tough year to stack!
Very informative and interesting to watch! Just a quick correction, the Kruger Rand pre dates the Maple Leaf as the first and oldest Bullion gold coin first minted in 1967. The Boers surpassed California in world gold production in the 19th century which led the British to invade the independent Boer Republic of the Traansvaal (Paul Kruger was the President of the Traansvaal Republic) where 3 quarters of the worlds gold was mined, and subsequently kickstarted the Boer war of 1899 (bankers war!) "The rest is history" as they say.
Yeah, Krugerrand was first. The Maple Leaf was the first 24k bullion coin if that wasn’t clear. Cheers!
So very true sir.
"Breaker Morant"
Fabulous movie about the Boer Wars...
But I digress.....
The British Sovereign predates ALL of the bullion coins. Very common in Europe and of course the rest of the planet. Oddly it wasn't even mentioned here.
@@thesparklingwater7400 if you watch some of his other videos you will quickly learn why that is. And for what it's worth after learning all about it on my own, he's right. No one in the States cares about sovereign
Thank you, very good introduction to this topic
Thanks for watching! I hope it's helpful.
I want to pay face value
Why would I pay spot for something that the gov says is only face
Wonderful advice. Thanks for your hard work.
Thanks!!
Really great clear information, thank you 😊
Thanks for watching!
Informative and helpful
Thanks for watcing!
Great video, very helpful. You made a quick mention of gold bars. I know this is mostly a coin channel but any info you can provide on bars would be appreciated.
The premiums on bars seem so much better (especially at the time of this comment) and my local shop said they buy bars back just as easy as they do coins.
If your local shops do buy them, great. They’ll be your most likely buyer. Mine have always recommended against them. Cheers!
@@2is1gold
Shoot, coin shop owner laughed at me when I asked if he sold bars. After his tirade of laughter, he told me that is why he was in the business...bars. He rt old me he NEVER sells bars, only coins etc. Go figure...
Thank you for sharing. This answered a few questions I had. 👍
Thanks for watching!
this is my first stop for learning about buying gold. thank you. i was inspired.
That’s great. Good luck!
@@2is1gold Thank You.
Thanks! I'm new to the precious metals game.
Thanks for watching!
Great video! Helping my mom purge her house and get her into assisted living. Her Aunt gave her a stunning gold mint encased set and she has no clue. I’m just learning about these and am going to a local dealer (Cleveland area) to have them graded next week. Many are in impeccable/vibrant condition. Some big time value it appears.
1923-D $20 Double Eagle
1876-S $20 Liberty Head ‘Twenty D’
1932 $10 Indian Head
1914 $5 Indian Head
1912 $2.50 Indian Head
1871 $1 Indian Head
1893 $10
1902 $5
1854 $2.50
1851-O $1
1903 $5
Great video again love the channel very good information .
Thanks for watching!
Thanks, 2 is 1! Great lessons for newcomers!
Thanks for watching!
Great in depth analysis sensei of gold!
Thanks, bro! Appreciate the words, as always!
4 months later and still got something from this 💯 thank you!
Thanks, Lucy!
@@2is1gold 😉
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Good job keeping it simple.
Thanks!
Greetings from Germany. This is very interesting. Thank you for this Video
Been buying G&S for about a year now, very informative, thanks!
Thanks for watching!
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Thanks for covering all the bases.
Thanks for watching, Heist!
Yes, but what about the US commemoratives in the outfield?! But on all seriousness I realize 2 is 1 has been good about featuring those.
Thank you so much, I am a complete novice and now know where to start. Very informative video, much appreciated 😀
Thanks!
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ya am starting to look into buying gold/silver coins now,nice informative video,gonna look for coin shops close by as a start.
Good luck!
Gold is fun investment, since you actually can see and feel it..
Agreed!
@Robert w 😂
It's also fun to see my TD Ameritrade account grow by tens of thousands over the years! But I have been looking to diversify into some more tangible assets lately.. Seems like a correction is overdue.
It's more of an insurance than an investment..
It’s so beautiful.
Thanks for taking the time to share this information with us.
For sure. Thanks for the comment!
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Well done. Very informative.
Thanks!
Sry cool guide brother love the details step by step even with the lcs research nice job brother
Thanks, Juice! Just thought through all the parts that would make a person nervous to buy (or make a mistake). 👍🏼
@@2is1gold well you put the nail on the coffin ! ✊🏻
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Great and comprehensive overview. Appreciate it.
Thanks for watching!
Great video! Thanks for the tips!
Yeah, thanks for watching!
Decent video, easy to listen to also for a foreigner. I am pretty new in this field. Just gave me the confirmation that I did the right thing of buying a gold coin. Though not living in the USA I think the Eagle is absolutely beautiful. I find it important that I like the coin as well, although not my country.Thanks for info I subscribed.:)
Thanks, and welcome!
@@2is1gold Thank you,i like to gain some knowledge so I am eager to learn.:)
Great video and explanation but you could also mention that its pretty much also a savings account regardless if you're buying fractional OR full 1oz. You'll probably keep keep up with inflation or surpass it
Did it feel too weighted toward 1oz?
@@2is1gold No..was well balanced. Thank you
That's what I'm not getting is it says it's one outfit one ounce of gold going for two grand I guess it's fractional
From an investment point of view, The Krugerrand is superior to the Gold Eagle( as well as the other major bullion coins) and I will explain why.
Take $1,000,000 and divide it by the ask price for Gold Eagles then do the same for Krugerrands.
Then multiply each by a $5000.00 future price, and assuming you would get spot back if you sold your krugs, and spot +$50 for the Eagles.
With this hypothetical situation, you would be far ahead financially with the Krugerrands, because the extra gold you initially got with them and their lower premium appreciated significantly.
Where as the money allocated towards the Eagles exra premium did not. Kruggerand > Eagle.
Solid argument. I still choose Eagles based on popularity here in the States.
I buy for gold value and it sure does add up over the years buying on nice pull backs on price.
Thank you sooo much!!! God bless you man!!
Thanks for watching!
Hey 2is1 Guy! Great videos! keep up the work!
Thank you!
Thank you for the information I recently received a couple gold coins from my father that passed away and was curious about selling them thanks
Sorry to hear that. Good luck with the coins.
If you don’t need the cash now, hold on to them. They are a hedge against bad times and high inflation, which is quite likely within the next couple of years.
Would never store my beautiful coins in a safe deposit box, there's also the risk that when things get really shitty, you can't acquire them at all. If you don't hold them, you don't own them.
It's definitely very specific to the individual.
Never heard of any cases of missing gold in safe deposit so far
Agree 100%! Safe Deposit Box?!!! It's not insured against any kind of loss, inconvenient & irritating to access & are expensive over time! Gold coins, bars etc...are beautiful to hold in the hand & admire...spend some time with them! A legacy left for your kids! It's yours to hold & offers insurance/hedge in the future against a weak paper $! Nothing get's cheaper over time...a gross understatement that needs no verification! The operative word is "INFLATION"! Research gold history! Screw the bank...don't make them any richer! Get yourself a good house alarm system...NO(!)...get 2 house alarms (redundancy), external CCTV, a big heavy steel safe & bolt em down!!!
P.S. Pay close attention to the world affairs & it's impact on the markets...geo political events, commodities etc...& gold prices (trending)! Buy when it's cheap, comfortable & affordable for you!
Agreed!
@@izdyhar82 it took me 6 months to get to my safe deposit box after hurricane Katrina. It had been under nine feet of water.
Solid video. Good info. Thanks.
Thank you!
Great job. Thank you.
Thanks for watching!
2:23 - I love how subtle that joke was
😄
I started grabbing 5 gram bars or so this year. I'm less worried about premium than I am about runaway inflation in current year.
Bingo!!!!!!!!!!!!!!!!! Same here!!!!
Yep, inflation backed by nothing but debt. It's why I jumped on silver gold and crypto.
Absolutely!
where are you ordering from?
@@defyingtyranny5682 I've shopped with JMB for years
Good information as always. Thank you.
Thanks!
Excellent video, Thank you!
Thanks for watching!
Im a complete newbie to this, but I find it strange that they are printing a $50 face value on a coin that is worth $1,800.
That‘s because there was a time (give or take 100 years) where there this Gold was exactly worth that money. So you could exchange that coin with paper money. And you could buy stuff with it. It‘s called the Gold standard where there was exactly the amount of money in paperform as there was Gold. It even stood on the old USD Bill:“ In Gold coin payable to the bearer on demand“. Then came the decoupling of the Goldstandard from the USD. And the moneyprinting started. And here we are.
Wow. I felt like a student taking notes on pencil and paper. Great instructor!
Hey, thanks! Good luck!
Awesome information. Thankyou
Thanks for watching!
You are great, sir! Thank you so much.
Thank you!
Lol! I just realized the deeper meaning of the term “mint condition” just by watching you handle that gold!
Yeah, but there is no taxes on Gold .
I don't really have a local shop I use apmex mainly but there is a jewelry store close to me and he sells spot plus 10 bucks can't beat it.
Apmex is a rip off try the modern coin mart although they sell old stuff too
Spot plus $10 is a great price!
Great video, very helpful.
Thanks, Zane!
Excellent video, very informative
Thanks for watching!
I'd recommend coins too. They're much easier to verify that they're genuine when you have them without capsule. You can do all sorts of non destructive measuring and testing and if you're just a little bit of knowledable you can be 100% sure that the coin you have in your hands is genuine. Bars are harder to verify. Sure you can take them out of the certificate such is typically in and measure it but then you'll loose money the day you sell them. On top of that because of their shape they don't have as well defined ping tone to it as coins.
On the other hand bars can be easier to store as long as you don't buy very small ones and if you like the idea of them having a serial number then sure bars is for you. But to really gain storage benefits you need to go for at least 50 gram and preferably 100 gram and for most people with todays gold prices that is a really large amount. Bottom line stick to coins. When you have enough you can consider storing them in Hartbergers instead.
Yeah, coins for me too!
@@2is1gold People also ask
Can you find gold in WV?
Gold in West Virginia
There are no commercial gold mines operating in West Virginia. Despite the lack of gold found within quartz, very small quantities of gold can be found within the state. As with almost any state, very tiny specks of gold have been reported to be found in several creeks and rivers.
The new 2021 Britannia is a beauty. Amazing security features.
Completely agree!
Just bought two of them both 1oz
Great video! Newbies should be warned about the price difference between secondary market, BU coins, and proof coins too, if they don't want to overpay
informative! thank you for helping me begin first steps in understanding gold coins
Absolutely. Thanks for watching, and good luck!
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What about platinum and palladium. How hard are they to sell, and other thoughts?
When gold goes north of 5k there will be no mistakes made today...don’t lose track of what the real returns are going to be when shtf....
Absolutely useful tips. Thanks a lot.
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I’ve been meaning to make a guide similar to this. Nice Video!
Thanks!
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