There's way better looking gold coins out there the buffalo is probably the best looking US mint gold coin but definitely not the best looking gold coin on the market
@@ElPikante503 probably a local coin dealer once they open up. But since ours are all closed I've been price checking apmex, provident metals, sd bullion, and jm bullion online. It all depends on the product to see who's cheaper.
@@ElPikante503 Gainsville coins. Sometimes it takes a little longer to get the metals when you order from them. SD Bullion is a good one also. Free shipping
I like the Buffalo better. The main reason for adding the copper is, as you said, so the coin wouldn't wear as much in circulation. This is no longer a concern, as nobody these days carries around gold coins in their pockets for everyday purchases.
100% !! The colour of gold looks more .....like gold with the bufs. The reality is if SHTF, gold will be crazy rare. I expect silver to be not an everyday metal. Silver was called "gentleman's money" and gold was called "currency of kings". Dude ... 24 K gold is not going to bend with resonable handling. I own 12 Maples and never had an issue with scuffing, bending, scratching. If one is going to be silly and horse play with it or be a pirate and use one's teeth to test purity, then that is a different story.
They are both beauty’s but personally I’m a buffalo man. It’s just a stunning coin indeed! The details. The dimensions. The deep gold tones would make Cleopatra blush!
Buffalos, Maple Leafs, Perth Mint, etc., if I’m buying a gold coin it’s pure. Same with silver even. Maple Leaf 2018+(no milk spotting), Eagles, Buffalos, etc.
I agree. Have you seen where the guy turns a gold eagle into a ring? It hurts to watch, but it is beautiful when finished and would make a heck of a wedding ring!
I just bought an eagle. Thanks for clarifying the color I was definitely suspicious at first, until I found this video. I am buying a buffalo next week 👍
Mr Glock23 Yeah, lighting has a lot to do with it as well as you’ll see in the thumbnail of this video and then the video itself. Same coins, different light
Lower purity gold is always less orange-yellow than 24K gold - it tends to get paler the lower you go but beautiful nonetheless (personally, I like the color of 18K gold the best)
@@dsn1964 I love the look of the Eagle over most pure gold coins, and it still has one full ounce of gold. If you wanted to melt it all the impurities would float to the top and you just remove the silver and bronze. I have no clue why you would want to destroy a pretty coin like that though.
Danny Johnson I agree it’s over paying, but how about if you come across a situation where you’re trying to pay with gold and you only have a full ounce of gold coin and the product is only a quarter or half of what the coin it worth? Are you going to pay 1/10 oz or 1oz of gold for groceries that will only last a week? There’s pros and cons.
Both 22kt American Eagles, 22kt Kuruggerands kt and 24 kt Maple Leaves all contain one ounce of Gold. The people who think that since the latter two coins are 22 kt that don't have as much Gold in them, are mistaken. Furthermore they not only contain just as much gold as the maple leaf, they are stronger, more durable coins, that are more resistant to scratching and dents.
Correct. I made it a point in the video to show they all have one troy ounce, but purity seems to be very important to people, especially since the coins do not see extensive circulation and do not need strength these days
I have found that the more you learn about gold coins and have tried different ones, the more you start to like the eagle and understand it. Buffalo is a very beautiful coin of course but there is so many other coins out there that is also 100% gold, so not that special in that sense.
Danny Johnson the alloy of the AGE makes it unique in todays market. US coins have a heritage of being circulated, and that gold american eagle represents that, though in a modern way. the AGE stands on its own, and the buffalo is very beautiful and is 24k, but its not unique in its purity. gold itself is unique regardless, but you get the point. if we have to use these coins to trade one day, the slighty alloyed gold coins would be better for such purpose. it can be easily handled without bending or scratching. it would be preferable to 24k, which is very beautiful and amazing to look at, but still too soft for circulation. cheers!
It depends on the purpose of owning the coin and whom to sell. Historically 22K makes coin harder due to circulation needs. Nowadays, 24 purity is very attractive based on collector's or buyer's point of view. However, when you sell back to bullion shop, from their perspective, 1 troy ounce gold is 1 troy ounce price - premium and it doesn't care Eagles or Buffalo. The Buy/Sell premium Spread of eagles are smaller ( better) than buffalo, therefore much better in Eagle for "investment" holding. Same Iogic applies to beautiful 1 oz 24K coin vs 1 oz 24K ugly mint bar. Even for wait next 100 years, it is the same, collection value will only apply to ultra high proof coin or reverse proof coin with "W" (Westpoint) on it because most GOLD coins will be BU anyway from 21 century and will only sell around spot price. Both Eagle and Buffalo Gold Coin (regular BU level) has decent mintage each year anyway.
As I can see that many comments here may have bought gold coins, but never sell those to a dealer. If you ever sell back to the dealer, you will know a high premium 24 coin is not as good as US-backed 22k American Coin (not every other 22K stuff). US gov makes sure every cooperate bullion shop in US (which can directly buy from US mint) has the smallest premium on American Eagles between buy and sell. LIke Spot-1% for buyback price etc.
I like bisons the best, it's 24k. If the mint made a replica of st. gaudens double eagle as the eagle bullion coin with 24k, that would be even better.
@@-z13 Everybody knows. The coin is referred to as a 'bufflao'. He knows that, too. He's "that guy" that calls 'Chuck' a 'Charlie" cuz he thinks he's being cute and clever.
@@joecavy7869 haha I know man, just randomly one of my biggest pet peeves in terms of the American school system while I was in it (90’s) we don’t have Buffalo in the Americas, yet buffalo is so prominent in the cultural lexicon. Just think it’s funny, also.. glad you caught the joke two years later 🤘🏼
Absolutely love the Buffalo. I bought one for the first time this summer. I was going to get one Buffalo one eagle and one maple to start. Nope I now own 4 Buffalos. For me and in my opinion they are the most stunning gold coin out there and hard for me to buy anything different.
Doesn't really matter if the coin is imperfect to me (from being soft pure gold). Gold is gold, but gold mixed with other metals is not gold, but an alloy.. I don't put my money in alloys. Buffalo is preferred in my thinking. For what any of us are using these coins for it makes the alloy Eagle coin essentially a solution to a problem that no longer exists and is now just a new problem.. It is nice to have a gold coin that is very liquid, but i'm sure it's even nicer to have a gold coin that can be turned to liquid.
I hate it that the eagle has other metal added to it. They should make a .9999 Eagle too. I usually shop the Perth Mint because they understand the importance of pure gold. Not to say eagles are not tradeable. They are extremely liquid but to me a gold coin with no other metals is better. They do not circulate so why do they worry about bending?
the gold eagles also have silver in them, my thinking is that the silver is a bonus in a melt situation, technically worth more than a coin without it...
@@climaxhubbard to separate the silver and copper from the gold, they use a chemical that dissolves anything BUT gold. So no, you wouldn't get extra bits of silver or copper if you melt your coin.
I just bought ten gold eagles in the event that I needed them for trade. If I want an attractive piece of gold, nothing beats the Lady Fortuna Pamp Suisse and I hope to get one.
I just bought a 5 ox gold Lady Fortuna bar through my bank here in Canada. It’s actually my first precious metals purchase. It was substantially cheaper than buying 5 coins... which is why I bought it.
Not that much as 3% is silver. I think it is harder to counterfeit the eagle, the color is very unique. If an eagle looks more like gold in color it is not the real thing.
I just bought a one tenth ounce Gold Eagle which is very nice. If I had the money I would like to eventually get a full ounce coin too, along with the Buffalo coin!
You pay a little more premium and get less gold for the dollar with the smaller 1/10 ounce but it should always hold its value (and increase with inflation), so in the end you’ll be okay with either but I agree and like the full oz if possible
good explanatory video. ive heard/seen plenty of concerns by new gold buyers about the Eagle not being pure. Even in my culture, the Maples are more preferred because the thought is that the Eagle is "only 22k" and therefore doesnt contain as much gold. But either way, i like the Buffalo simply bc it seems a bit more like a collector item to be due to the much lower mintages and the fact theyre harder to find at a closer-to-spot price. so when i do find them at less than $30 or $40 over spot, i get a little excited.
Buy only from reputable established coin dealers and if you’re not sure, a reputable coin dealer is always happy to put the coins to the analytics probe for you before you buy.
Great Video - whatever you prefer any gold is better then no gold :) just a quick reminder the Gold eagle is made of 91.67% gold, 5.3% copper and 3% silver The South African Krugerrand (also 22k gold coin) uses no silver just copper which is why the Krugerrand really has a copper hue to them despite being 22k gold.
@@totalbullion5882 Copper is cheaper. An industrial metal. It's used as the sole alloying metal in most other 22kt coins. I just wonder why they want to use another precious metal for the Eagle. I appreciate it's only a small amount.
what happened to the mint making smaller buffalo sizes as they did the first year?And I wish the gold eagle would switch to the original St. Gaudens eagle used on the reverse.
99.99% pure gold vs. 91.7% gold. When I buy gold I want it pure gold. Not sure how many need a tougher gold coin because they carry them in their pocket. Buffalo wins every time.
99.99% or 91.7% they both contain 1 troy oz of gold. But I'd prefer the Eagle mainly cause I like the design more...the extra strength is just a bonus.
Jeannette Duette it’s just because the gold eagles are literally one of the most beautiful bullion coins. Buffalos are nice but a lot of people just prefer eagles
buffalo looked golden. eagle had a copper tint - didn't feel like real gold glitter to me. would the buffalos shape get distorted if someone accidently sat over it or something ? i mean, no one's going to trade it frequently so that's not a practical concern so as long as high temperatures and inadvertent rough handling doesn't change it it should be OK?
Peter Vaňušanik There are two things to consider at this point.: 1. Which do you think looks best? 2. Which do you think someone else would eventually buy from you someday? In a way, Gold is purchased for latter wealth transfer. Both of these cost the same. Will that also be the case later? Will someone recognize and trust the gold eagle for being more well known, or will someone want the buffalo for its purity who understands both coins? It is a difficult decision! 🙂
Without melting down your 22k eagles how do you know there exact gold silver copper ratio? Atleast with the buffalos you know its 100% 24K gold. It's bs the mint does not make 24k eagles.
Since it’s always changing, I would go to Sdbullion.com and see what their coins are selling for (1 oz I’m assuming) and that’s pretty much what it will be worth. Usually the newer coins sell for more than older ones unless they are very old like 1920s. Or look at spot value and add about $80.
Great information on those US gold coins. The Gold Buffalo and the Gold Eagle are my favorites along with the Double Eagle, Krugerrand, the Gold Sovereigns and the Gold Libertad, the Gold Kangaroo, and last is the Gold Maple Leaf. Liked and subscribed. Take care.
+Silver Saver thank you. I would tank the maple higher as one of my favorites. I like how it has the hologram signature and is .9999. I like how they did a .99999 version one year
It depends on how many you buy, the year, with credit or check etc, but both 2018 coins are almost the same price at $1,260.05 USD for the eagle and $1,261.25 USD for the buffalo. Both being 1oz. More than $100 less than one year ago!
I'm confused how the Buffalo appears thicker, is 999 gold in 1 oz.... wouldn't the Eagle be bigger if it was not only 1oz of gold but also added copper/silver? Seems the eagle in essence should be the bigger coin.... I'll stick with 1oz buffalo's & fractional maples....
Yes, the eagle has a tiny amount more, but not too much that you would really notice. The “relief” is just different on the Buffalo like smashing play doh down a little harder in a mold lol
The buffalo will always carry a higher premium as well! Why pay that when you will get a minimum if any premium on the sell. Most places only pay spot or less.
Man you said it all pretty well. Eagle is slightly more in value for the reasons you stated but I like the fact that buffalos are 24 @ .9999 which to me is ultimate true storage of gold to the dollar in relation to buying power. If anyone has a savers mentality they should save money in gold and consume goods in dollars.
The manipulation of paper ETFs hold their true value back so much. It’s a bit frustrating to know as long as they are manipulated they will stay suppressed. I would like to see an end to the manipulation
Danny Johnson I hear ya Danny and you’re absolutely correct, yet use that to your advantage my man. The true value can’t be held back forever and if the price is artificially low buy, buy, buy....ultimately not even ETFs can hold it down forever, those ETFs aren’t more power than the free market of people who hold gold. 6000 years gold has been the ultimate form of money, only true form of money, gold and those that hold it always win in the end
@The Fires of Mount Doom Keep in mind The Fires of Mount Doom that the high premiums are a reflection of actual supply demand. The paper spot price is not the true value of an ounce. The physical market is starting to disconnect from the paper market which is a good thing. Look up Andy Schectman and silver. He’s a wealth of information on what’s happening in the physical market. Also keep in mind that bullion dealers (because of lack of supply) are giving back that higher premium should you want to liquidate. Bottom line is we’re witnessing the start of a disconnect between paper spot and actual physical buying.
They are both great options for .9999 coins and some maples are even .99999. That would be my next choice. They are very high quality, and I like their hologram that they do.
john ayacko It just varies by each mint and what they charge for a premium in making the coin. It’s like asking why a Bmw is more or less than a similar Audi. Just different manufactures
@@dannyjohnsonsgarage can you plz help me understand the difference between the gold coins and bars? which one is a smart pick? do u think? and why the gold coins are more expensive than the bars?
john ayacko You’ll get more Gold for your dollar the less refined it is. Gold bars are easier to make, but the coins will be more attractive to buyers who don’t want to sell a large bar. The coins will typically cost about $80 more for being a coin, but you’ll always sell them for that much more over spot, so you shouldn’t lose the additional investment cost
To me the warm gold color of the 24k Buffalo is much nicer than the 22k gold Eagles. I put mine in a 14k gold keyring. Will never sell it❤. Just too beautiful and iconic, an American plains Buffalo and native American Indian. It doesn’t get any more American than that.
Fernanda Naiscer Both will eventually be “old,” and although they are pretty much the same in value, I would opt for whichever coin had less produced that year. Not really too much of a difference as long as they are both the same condition
I had a buffalo gold coin question. I want to buy only one 1 oz buffalo in a slab. In your opinion would you get a 2013 proof or a normal non proof random year? Thank you!
cadd808 it's really just preference. I believe he proofs are a lot more shiny. Older coins can gain some numismatic value, but there is also a premium on a new coin. I went with 2017s from a reputable dealer (SD BULLION) to ensure they were not a counterfeit. That's a lot of money, so you have to be careful
argexpert In the end it’s all Gold, so you should be fine. It’s important to have something common like an eagle for reputation, but as long as it’s as easy to prove what the britannia is to a future buyer it should also be a good option
@@gabrielesolletico518 I love all gold coins, but in my opinion the Buffalo is the most beautiful. The new Britannia is also beautiful, so shiny! My first gold coin was the krugerrand, that will always have a special place in my collection. What’s your favorite? Thanks
@@drewpeacock6823 Uhm, that's a difficoult question! I think the 4 Ducates Coin from Austra-Ungheria is the most beatiful coin, so thin and classy... and decorated. I also love the simple British Gold Sovereign.
eric f Typically about $80 over spot value. www.amazon.com/gp/product/B07MWHJLZ3/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=2004047-20&creative=9325&linkCode=as2&creativeASIN=B07MWHJLZ3&linkId=8555f47e79504741c6b0b18aee31ab14
I picked this video to see which 1oz gold coin to buy. I decided American since I live here. But for investment purposes which is best ? I am leaning towards the Buffalo because of the purity. Any thoughts?
I do not think it matters but it is fun to have both. I really like that the eagle is more durable. So if you want to play around with a coin, do it with the eagle. The buffalo you should handle very carefully.
ChorltonM21 - gold has a higher melting point than the metals mixed in with it. So, the metal scum will float to the top of the melted gold and can be scooped off, or it will simply disintegrate during smelting. Depends on what the filler metals are.
Danny Johnson - I only buy 24k gold. That golden glitter is more beautiful than the copper sheen of mixed gold. It’s the beauty of the gold that’s given it value throughout the millennia.
Please explain how do you trade one Troy ounce of gold in for its monetary value. Wouldn’t a dealer try and give you less in order to make a profit or should one get the value of gold depending on today’s gold market value.
Phil Jones The coins are valued at spit value plus about $60 more for the coin being minted. For example, I bought these coins for $1,380 when spot was $1,320. If I sold them to a dealer and spot was $1,320 again I would likely get closer to spot when selling. It just shouldn’t sell for less than spot as being a coin. They will for sure give you less
dealers in australia will sell you the coin with a premium, and they will usually pay you under the market value of the gold. ie, 1 oz of gold is trading at 1500, they will sell it to you at 1550 and buy it from you at 1450 as an example. Rarely someone will pay you exactly what the market value of the gold is ie. spot price.
Hey I was curious in general if you could get x4 1/4 oz American Gold Eagles ca Just x1 1 oz American Gold Eagle? Which would be better for resale in future if you sold all together would you keep premiums on fractionals?
Generally, you’ll pay less per ounce for buying the bigger coin. If it’s the most gold for the dollar I would go for the full ounce, but you’re likely to get the same amount back in either situation
Americans have very beautiful coins.As a Canadian I would only buy the Buffalo...because I like the western look and mainly in Canada you would have to pay tax on the liberty because it's not pure.
Thank you! I've seen different coins being sold as buffaloes out there so I thought that buffaloes were not minted in the same mint as the eagle, kinda like silver eagles vs "silvertowne" eagles.
That's a great comparison. Many silver rounds are called buffalos with the same design as these but they are not minted by the us mint like the gold buffaloes in this video.
Nice video I really like the design of the buffalos but they can scratch very easily and you have to take really good care of the same with most other gold bullion coins which is why I like to go for eagles and krugerrands
The gold buffalo coin is beautiful With it's satin gold finish it reflects the color beautifully the Gold Eagle has copper mixed in with it so it has a reddish color too and it doesn't even look like gold.. I personally won't buy a gold eagle now the maple leaf has a different type of finish it's shiny and glossy and it's beautiful as well but nothing compares to the beauty of the Buffalo gold piece they're in high demand and they have a higher premium.. I've been in the right place at the right time and was able to pick one up usually there's a wait and you have to order them !!!
I just bought a buffalo gold coin, and the main reason was the purity of the gold. Anytime you invest that kind of money, why not get the purest gold out there. Makes sense.
I completely agree. The only other argument for the eagle is how well known it is, but anyone buying Gold should know or be able to find out what a Buffalo is. Good choice Sir.
I'd figure that the Eagle would be bigger and heavier than the Buffalo since it has more material in it... ? Nice video btw. Love it when people zoom in on a subject. I'm just started and get hooked on staking . Greatings from Holland...
Very informational. I would've never known that and glad I know now. I would've been slightly disappointed if I had bought the gold eagle coin. If I buy gold, I want 100% pure. Is there a way when buying to tell if the coin is like this or not? would it say somewhere?
Jason Craft the percentage and karat tells you. For example .9999 and 24 karat is the new standard for purity. Some Canadian maples are even 5 9s .99999
IM NEW AND IT MAY BE A DUMB QUESTION BUT WHY IS THERE A FACE VALUE OF ONLY $50 WHEN THE COIN COSTS SPOT PRICE FOR GOLD AT OVER $1600 CURRENTLY? THAT'S MY DILEMMA. IN A RECESSION WHAT VALUE MATTERS? I DON'T WANT TO PAY OVER $1600 FOR A GOLD COIN AND ITS ONLY WORTH $50 IN LEGAL TENDER? ITS VERY CONFUSING.
The face value is a requirement from the U.S mint for it to be legal tender, but the gold content is worth far more. Spot price (simply put the cost to pull gold from the ground and sell it) will always be higher than $50 and you’ll see the value in dollars continue to rise over the years as gold is a hedge against inflation. They could write $1,600 as the face value and even that will change. With hyper inflation coming, there is no way gold will ever be valued again at $50 without a currency reset, which may also be coming.
the gold eagle is one of the best sovereign coins in the world due to its durability. Hope US mint won't stop minting these coins in the future. People value gold eagle highly outside of USA. Gold eagle contains 1 ounce of pure gold as well. Moreover, you could pass down to more than 5 generations due to its high durability. If you come to Asia, Gold Eagle, Canadian Maple and Australian coins are the highly trad-able coins. I have not seen even 1 american buffalo in Singapore, Malaysia or Indonesia.
powerlinkers It sounds like the coins are far more traded over there and simply collected here in the states. The copper and silver content will definitely be useful in that respect
I’m glad you enjoyed it! It’s crazy now with the manipulated spot price from paper contracts has fallen but getting the physical is seeing a price increase.
And the winner goes to the gold coin that doesn’t have copper and silver in it. Just for the simple fact that they continue to add copper in the fold it makes you wonder if you’re actually gotta full ounce of gold. It could be 85% and we would never know
I don’t see why any coins like this should be anything but .9999 or better. The only advantage of the eagle is how well known it is, but that’s not even too important.
Refrigeration Mechanic I agree. Any of the bigger country coins should be fine. Canada coins are even .99999, but being in the USA it’s sometimes good to think about where you live. Just an opinion
Danny Johnson you’re right. I just started stack silver back in October but just recently I was able to purchase my first bit of gold. I eventually went with a 1 ounce Canadian gold eagle wild life series. It’s a beautiful coin
Buffalo is probably the most beautiful coin ever made.
There's way better looking gold coins out there the buffalo is probably the best looking US mint gold coin but definitely not the best looking gold coin on the market
That buffalo is just stunning...
Bought my 1st gold coin last night, the American Buffalo 2020 coin, 24 karat .9999 gold.
Makes me warm and fuzzy inside!
Nice video!
M P I believe the 2020 will have low mint numbers and may be worth a little more in the future than the others. Congrats!
What’s cheapest place to get em?
@@ElPikante503 probably a local coin dealer once they open up. But since ours are all closed I've been price checking apmex, provident metals, sd bullion, and jm bullion online. It all depends on the product to see who's cheaper.
@@ElPikante503
Gainsville coins. Sometimes it takes a little longer to get the metals when you order from them. SD Bullion is a good one also. Free shipping
@@matthewbeers7746 doesn’t a local dealer have to pay brick and mortar overhead? Thus passing that cost onto you?
I like the Buffalo better. The main reason for adding the copper is, as you said, so the coin wouldn't wear as much in circulation. This is no longer a concern, as nobody these days carries around gold coins in their pockets for everyday purchases.
much agreed! we, in this day and age should have purity for these coins. Thank you for the comment
Danny Johnson what's your take on the national collectors mint??
yes we do, just you don't. plenty of people still trade in gold coins.
Gotta get me some buffalos!
100% !!
The colour of gold looks more .....like gold with the bufs.
The reality is if SHTF, gold will be crazy rare. I expect silver to be not an everyday metal. Silver was called "gentleman's money" and gold was called "currency of kings".
Dude ... 24 K gold is not going to bend with resonable handling. I own 12 Maples and never had an issue with scuffing, bending, scratching. If one is going to be silly and horse play with it or be a pirate and use one's teeth to test purity, then that is a different story.
The Buffalo is my favorite by far.
I think the purity is very important over the gold eagle
Buffalo wins!!!
dicky dickerson I think so too the more and more I think about it
It's like you can almost eat it. To me the Gold Buffalo screams America.
@dualspectrumreality ytilaermurtcepslaud yep I'll stack Eagles all day long
@@OceanVibrations The Buffalo's win the beauty contest. I prefer the tuff mule
@@BanditHat I think the Eagle screams the wicked masters that took over and took us off the gold standard.
But that's just my opinion.
They are both beauty’s but personally I’m a buffalo man. It’s just a stunning coin indeed! The details. The dimensions. The deep gold tones would make Cleopatra blush!
Just Add Silver Indeed 🙌🏼
i enjoy the early 20th century iconography of the buffalo, makes it feel like an old west gold coin
Gold buffalo wins because:
1. Tax free on 999+ in canada
2 I dont carry gold coin in pocket in ware down so I prefer supre pure
3 better design
I agree. It’s not in circulation anymore.
I like the Eagle. The copper and silver is kinda neat for durability, but the St Gaudens design is just classic.
The marriage of copper n gold is beautiful, it's my preference
Buffalos, Maple Leafs, Perth Mint, etc., if I’m buying a gold coin it’s pure. Same with silver even. Maple Leaf 2018+(no milk spotting), Eagles, Buffalos, etc.
They're both absolutely gorgeous. Definitely work of art.
I agree. Have you seen where the guy turns a gold eagle into a ring? It hurts to watch, but it is beautiful when finished and would make a heck of a wedding ring!
I just bought an eagle. Thanks for clarifying the color I was definitely suspicious at first, until I found this video. I am buying a buffalo next week 👍
Mr Glock23 Yeah, lighting has a lot to do with it as well as you’ll see in the thumbnail of this video and then the video itself. Same coins, different light
Lower purity gold is always less orange-yellow than 24K gold - it tends to get paler the lower you go but beautiful nonetheless (personally, I like the color of 18K gold the best)
Buy 2 !
The Gold Eagle is also comprised of 3% Silver
I don't understand why they added silver instead of just using copper only like the Kurggerand.
Jason Wilson either way... silver is more valuable than copper
@@jasonwilson556, I think the color is more beautiful with both copper and silver. I.e. the gold eagle looks better than the Krugerrand.
@@leiferiksson1785 I'll second that........
@@dsn1964 I love the look of the Eagle over most pure gold coins, and it still has one full ounce of gold. If you wanted to melt it all the impurities would float to the top and you just remove the silver and bronze. I have no clue why you would want to destroy a pretty coin like that though.
I have 11 1/10 oz gold eagles. 1 tenth a month is all I can let loose. I buy 100$ worth of silver a week though lol.
Buffalo is the best! 24K wins all day any day!
Law Chris I agree. Why not have purity when we can these days
It’s also good to have 1/10 oz and 1 grams around so you don’t have to overpay for anything. I have 1 gold buffalo and the rest is multiple 1 gram.
John Smith You are overpaying with smaller coins with more premiums and less gold for the money
Danny Johnson I agree it’s over paying, but how about if you come across a situation where you’re trying to pay with gold and you only have a full ounce of gold coin and the product is only a quarter or half of what the coin it worth? Are you going to pay 1/10 oz or 1oz of gold for groceries that will only last a week? There’s pros and cons.
I was told the color difference is because the pressure used in making them doesn't make any sense to me
I just recently found out that they made an American Gold Eagle in 24karat..... The 2016 Centennial
Both 22kt American Eagles, 22kt Kuruggerands kt and 24 kt Maple Leaves all contain one ounce of Gold.
The people who think that since the latter two coins are 22 kt that don't have as much Gold in them, are mistaken.
Furthermore they not only contain just as much gold as the maple leaf, they are stronger, more durable coins, that are more resistant to scratching and dents.
Correct. I made it a point in the video to show they all have one troy ounce, but purity seems to be very important to people, especially since the coins do not see extensive circulation and do not need strength these days
I have found that the more you learn about gold coins and have tried different ones, the more you start to like the eagle and understand it. Buffalo is a very beautiful coin of course but there is so many other coins out there that is also 100% gold, so not that special in that sense.
Danny Johnson the alloy of the AGE makes it unique in todays market. US coins have a heritage of being circulated, and that gold american eagle represents that, though in a modern way. the AGE stands on its own, and the buffalo is very beautiful and is 24k, but its not unique in its purity. gold itself is unique regardless, but you get the point. if we have to use these coins to trade one day, the slighty alloyed gold coins would be better for such purpose. it can be easily handled without bending or scratching. it would be preferable to 24k, which is very beautiful and amazing to look at, but still too soft for circulation. cheers!
It depends on the purpose of owning the coin and whom to sell. Historically 22K makes coin harder due to circulation needs. Nowadays, 24 purity is very attractive based on collector's or buyer's point of view. However, when you sell back to bullion shop, from their perspective, 1 troy ounce gold is 1 troy ounce price - premium and it doesn't care Eagles or Buffalo. The Buy/Sell premium Spread of eagles are smaller ( better) than buffalo, therefore much better in Eagle for "investment" holding. Same Iogic applies to beautiful 1 oz 24K coin vs 1 oz 24K ugly mint bar. Even for wait next 100 years, it is the same, collection value will only apply to ultra high proof coin or reverse proof coin with "W" (Westpoint) on it because most GOLD coins will be BU anyway from 21 century and will only sell around spot price. Both Eagle and Buffalo Gold Coin (regular BU level) has decent mintage each year anyway.
As I can see that many comments here may have bought gold coins, but never sell those to a dealer. If you ever sell back to the dealer, you will know a high premium 24 coin is not as good as US-backed 22k American Coin (not every other 22K stuff). US gov makes sure every cooperate bullion shop in US (which can directly buy from US mint) has the smallest premium on American Eagles between buy and sell. LIke Spot-1% for buyback price etc.
I’ll be buying my first gold buffalo today.
I like bisons the best, it's 24k. If the mint made a replica of st. gaudens double eagle as the eagle bullion coin with 24k, that would be even better.
That would be a nice coin. Or even a new one reflecting the current era.
Lamarr Avery they did. 2009 st gaudens gold double eagle, 1 oz 24k gold. though its not bullion...its semi numismatic
Lamarr Avery a man who knows that the American “buffalo” is actually a bison... *denzel voice* MY MAN..!
@@-z13 Everybody knows. The coin is referred to as a 'bufflao'. He knows that, too. He's "that guy" that calls 'Chuck' a 'Charlie" cuz he thinks he's being cute and clever.
@@joecavy7869 haha I know man, just randomly one of my biggest pet peeves in terms of the American school system while I was in it (90’s) we don’t have Buffalo in the Americas, yet buffalo is so prominent in the cultural lexicon. Just think it’s funny, also.. glad you caught the joke two years later 🤘🏼
the gold hue of the buffalo is nice
Absolutely love the Buffalo. I bought one for the first time this summer. I was going to get one Buffalo one eagle and one maple to start. Nope I now own 4 Buffalos. For me and in my opinion they are the most stunning gold coin out there and hard for me to buy anything different.
Doesn't really matter if the coin is imperfect to me (from being soft pure gold). Gold is gold, but gold mixed with other metals is not gold, but an alloy.. I don't put my money in alloys. Buffalo is preferred in my thinking. For what any of us are using these coins for it makes the alloy Eagle coin essentially a solution to a problem that no longer exists and is now just a new problem.. It is nice to have a gold coin that is very liquid, but i'm sure it's even nicer to have a gold coin that can be turned to liquid.
Well said
JuggusNawt , Buffalo for gold , eagles for silver , that’s the best bet.
JuggusNawt , Buffalo for gold , eagles for silver , that’s the best bet.
Gold is Gold. To me i only count the troy oz of Gold. I also like 750, 585 Gold. Not really fan of 333 Gold. Many nice Gold coins with 900 Gold.
But what problem? I think it's cute that you don't put your alloy into alloy, though!
I hate it that the eagle has other metal added to it. They should make a .9999 Eagle too.
I usually shop the Perth Mint because they understand the importance of pure gold.
Not to say eagles are not tradeable. They are extremely liquid but to me a gold coin with no other metals is better.
They do not circulate so why do they worry about bending?
You are exactly right! Canada did a .99999 (5 9s) coin, which is awesome and shows dedication.
the gold eagles also have silver in them, my thinking is that the silver is a bonus in a melt situation, technically worth more than a coin without it...
climaxhubbard exactly, you get an ounce of pure gold plus a little copper and silver also. People are strange
@@climaxhubbard to separate the silver and copper from the gold, they use a chemical that dissolves anything BUT gold. So no, you wouldn't get extra bits of silver or copper if you melt your coin.
I love the gold eagle!!!!!!!!!!!! But I have to get a buffalo.....
I just bought ten gold eagles in the event that I needed them for trade. If I want an attractive piece of gold, nothing beats the Lady Fortuna Pamp Suisse and I hope to get one.
I just bought a 5 ox gold Lady Fortuna bar through my bank here in Canada. It’s actually my first precious metals purchase. It was substantially cheaper than buying 5 coins... which is why I bought it.
Awesome Coins 😊😊
COPPER DOES DULL DOWN THE GOLD USED IN THE MINTING PROCESS. IT IS ALSO WHY THE GOLD EAGLE IS 22K THE GOLD BUFFALO IS 24K
Very true
Not that much as 3% is silver. I think it is harder to counterfeit the eagle, the color is very unique. If an eagle looks more like gold in color it is not the real thing.
They BOTH have an once of pure gold . The eagle has precious metal added so it’s actually worth more in metal
@@thomasmcdonald5887 Copper is a junk metal
I just bought a one tenth ounce Gold Eagle which is very nice. If I had the money I would like to eventually get a full ounce coin too, along with the Buffalo coin!
You pay a little more premium and get less gold for the dollar with the smaller 1/10 ounce but it should always hold its value (and increase with inflation), so in the end you’ll be okay with either but I agree and like the full oz if possible
good explanatory video. ive heard/seen plenty of concerns by new gold buyers about the Eagle not being pure. Even in my culture, the Maples are more preferred because the thought is that the Eagle is "only 22k" and therefore doesnt contain as much gold. But either way, i like the Buffalo simply bc it seems a bit more like a collector item to be due to the much lower mintages and the fact theyre harder to find at a closer-to-spot price. so when i do find them at less than $30 or $40 over spot, i get a little excited.
Twenty Francs I like the idea of pure gold as well. Can’t get better than that
Buy only from reputable established coin dealers and if you’re not sure, a reputable coin dealer is always happy to put the coins to the analytics probe for you before you buy.
Dosent matter cause the eagle has the same amount of gold...
What is ur culture if I might ask? France?
Nice job on the video. American Eagle coin also has some silver.
contains 91.67% gold (22 karat), 3% silver, and 5.33% copper.
Why is that
@@stevenmeansphotography3861 - durability
wow the buffalo is nice
It really is a nice coin and has very nice 3D features
I have a 2013 Gold Buffalo PCGS RP70 and love it.
My all time favorite coin.
Great Video - whatever you prefer any gold is better then no gold :)
just a quick reminder the Gold eagle is made of 91.67% gold, 5.3% copper and 3% silver The South African Krugerrand (also 22k gold coin) uses no silver just copper which is why the Krugerrand really has a copper hue to them despite being 22k gold.
Very good information. Thank you
Yes, also important to note they weigh more than an ounce due to the addition of the silver and copper.
I wonder why they felt the need to add silver.
@@bitTorrenter Strength.
@@totalbullion5882 Copper is cheaper. An industrial metal. It's used as the sole alloying metal in most other 22kt coins.
I just wonder why they want to use another precious metal for the Eagle.
I appreciate it's only a small amount.
what happened to the mint making smaller buffalo sizes as they did the first year?And I wish the gold eagle would switch to the original St. Gaudens eagle used on the reverse.
I have and love both of them!
Wish the mint would make a pure 1 oz. gold coin in the design of the mercury dime.....that would be a big seller.
@Love You yeah that’s a beautiful coin.
GOOD INFO !!! GET BOTH !!!!
99.99% pure gold vs. 91.7% gold. When I buy gold I want it pure gold. Not sure how many need a tougher gold coin because they carry them in their pocket. Buffalo wins every time.
99.99% or 91.7% they both contain 1 troy oz of gold. But I'd prefer the Eagle mainly cause I like the design more...the extra strength is just a bonus.
Why would a mint sell their gold for Fiat paper?
PLASTICDADA II Liquidity. Paper has its purpose, but I completely understand your good point.
Presently it is perceived value. But smartly some now take Bitcoin
Wish they made a 24k gold eagle.
Me too, I think they would sell better.
Well they make a 24K Native American with a buffalo on the back. Why not purchase that one instead of wishing and hoping?
Jeannette Duette IT ONLY MAKES SENSE
Jeannette Duette it’s just because the gold eagles are literally one of the most beautiful bullion coins. Buffalos are nice but a lot of people just prefer eagles
@@chrism7275 They currently have a few .99999 gold coins available
Now that the gold eagle is an alloy containing copper. Would the coin turn a bit green because of the copper?
That’s a good question. It’s probably a small enough percent you don’t see it, but you possibly would see some imperfections or greening
The Eagle is more popular by far, hence must easier to sell and recover premiums.
^ this.
buffalo looked golden. eagle had a copper tint - didn't feel like real gold glitter to me. would the buffalos shape get distorted if someone accidently sat over it or something ? i mean, no one's going to trade it frequently so that's not a practical concern so as long as high temperatures and inadvertent rough handling doesn't change it it should be OK?
that would be the concern, but I’m not sure how much it would take to bend one. I did not want to try ha ha
thanks
Nikhil No problem
I am torn between 24karat and 22karat coins. I know both are same gold amount, so which is better?
Peter Vaňušanik There are two things to consider at this point.:
1. Which do you think looks best?
2. Which do you think someone else would eventually buy from you someday?
In a way, Gold is purchased for latter wealth transfer. Both of these cost the same. Will that also be the case later? Will someone recognize and trust the gold eagle for being more well known, or will someone want the buffalo for its purity who understands both coins?
It is a difficult decision! 🙂
Without melting down your 22k eagles how do you know there exact gold silver copper ratio? Atleast with the buffalos you know its 100% 24K gold. It's bs the mint does not make 24k eagles.
Without melting your Buffy, you have no idea what it's made of. NOne. Gold paint and candy corn for all you know.
I like the gold buffalo, love its design.
Aren’t the gold eagles made with part silver not copper? Or is that just the older gold eagles?
91.67% gold, 3% silver, and 5.33% copper
So how much would 2008 Buffalo uncirculated cost today? The one that has no proof W sign value
Since it’s always changing, I would go to Sdbullion.com and see what their coins are selling for (1 oz I’m assuming) and that’s pretty much what it will be worth. Usually the newer coins sell for more than older ones unless they are very old like 1920s. Or look at spot value and add about $80.
@DannyJohnson: any suggestions on where to purchase gold coins? Or, how to selection a gold coin supplier?
I would recommend SD Bullion, GoldSilver.com or JM Bullion
Go to us mint website there's a list of retailers
My Gold coin came damaged when I ordered it online it has a dent and a scratch on it what should I do??
Please answer thank you
Contact the vendor who sold it to you, and see if it was shipped with insurance
If the eagle has 1 Oz of gold with added copper shouldn't it be bigger than the buffalo, just asking..
Yes, but a small amount not very noticeable. It does weigh more
That 2017 Buffalo is a key date in the series the second lowest mintage only to the 2019 they only made 99,500 2017's.
I like them both, but if I had to pick for gold preservation the Buffalo would be my choice.
Is the color difference also for the Buffalo silver and silver eagle?
I imagine those two should be about the same and the same medal composition
I wish they would make a 24k eagle as well
That would be cool. With Buffalo sales so low lately I wonder if they go extinct
Danny Johnson why are the sales so low?
Good time to buy a lot of gold Buffalo.
Great information on those US gold coins. The Gold Buffalo and the Gold Eagle are my favorites along with the Double Eagle, Krugerrand, the Gold Sovereigns and the Gold Libertad, the Gold Kangaroo, and last is the Gold Maple Leaf. Liked and subscribed. Take care.
+Silver Saver thank you. I would tank the maple higher as one of my favorites. I like how it has the hologram signature and is .9999. I like how they did a .99999 version one year
what is the cost of each coin currently?
It depends on how many you buy, the year, with credit or check etc, but both 2018 coins are almost the same price at $1,260.05 USD for the eagle and $1,261.25 USD for the buffalo. Both being 1oz. More than $100 less than one year ago!
What's a good price for buying a gold eagle like that? Have you heard of Swiss America?
The spot price changes often, so I would expect spot price + about $50-$80 as the coin premium (cost involved to making it a coin and refining it).
Because the buffulo is 24k, does it ping any different than the gold eagle in sound?
I'm confused how the Buffalo appears thicker, is 999 gold in 1 oz.... wouldn't the Eagle be bigger if it was not only 1oz of gold but also added copper/silver? Seems the eagle in essence should be the bigger coin.... I'll stick with 1oz buffalo's & fractional maples....
Yes, the eagle has a tiny amount more, but not too much that you would really notice. The “relief” is just different on the Buffalo like smashing play doh down a little harder in a mold lol
The buffalo will always carry a higher premium as well! Why pay that when you will get a minimum if any premium on the sell. Most places only pay spot or less.
Interesting. So the eagle's weight then is gold: 1 oz g + copper: ? oz? What is the total weight of the eagle then?
31.1 grams of gold and 2.8 grams of other metals
Man you said it all pretty well. Eagle is slightly more in value for the reasons you stated but I like the fact that buffalos are 24 @ .9999 which to me is ultimate true storage of gold to the dollar in relation to buying power. If anyone has a savers mentality they should save money in gold and consume goods in dollars.
The manipulation of paper ETFs hold their true value back so much. It’s a bit frustrating to know as long as they are manipulated they will stay suppressed. I would like to see an end to the manipulation
Danny Johnson I hear ya Danny and you’re absolutely correct, yet use that to your advantage my man. The true value can’t be held back forever and if the price is artificially low buy, buy, buy....ultimately not even ETFs can hold it down forever, those ETFs aren’t more power than the free market of people who hold gold. 6000 years gold has been the ultimate form of money, only true form of money, gold and those that hold it always win in the end
Jay Dee Very true.
@The Fires of Mount Doom Keep in mind The Fires of Mount Doom that the high premiums are a reflection of actual supply demand. The paper spot price is not the true value of an ounce. The physical market is starting to disconnect from the paper market which is a good thing. Look up Andy Schectman and silver. He’s a wealth of information on what’s happening in the physical market. Also keep in mind that bullion dealers (because of lack of supply) are giving back that higher premium should you want to liquidate. Bottom line is we’re witnessing the start of a disconnect between paper spot and actual physical buying.
The diameter of these coins are both 32.7 mm. You can actually buy a Buffalo tube or a 1 oz eagle tube and store both in the same tube.
Just a higher relief on the Buffalo
@@dannyjohnsonsgarage Oops, the Eagle is 32.7 and the Buffaloe is 32. Bu that is such a close tolerance that tubes and disks could be interchangeable.
Great info to know. Thanks for making the vid!
what do you think about the Canadian maple vs the buffalo?
They are both great options for .9999 coins and some maples are even .99999. That would be my next choice. They are very high quality, and I like their hologram that they do.
@@dannyjohnsonsgarage so, why is the buffalo more expensive than the maple? Both have 1 oz gold. both are .9999. I don't get it.
john ayacko It just varies by each mint and what they charge for a premium in making the coin. It’s like asking why a Bmw is more or less than a similar Audi. Just different manufactures
@@dannyjohnsonsgarage can you plz help me understand the difference between the gold coins and bars? which one is a smart pick? do u think? and why the gold coins are more expensive than the bars?
john ayacko You’ll get more Gold for your dollar the less refined it is. Gold bars are easier to make, but the coins will be more attractive to buyers who don’t want to sell a large bar. The coins will typically cost about $80 more for being a coin, but you’ll always sell them for that much more over spot, so you shouldn’t lose the additional investment cost
To me the warm gold color of the 24k Buffalo is much nicer than the 22k gold Eagles. I put mine in a 14k gold keyring. Will never sell it❤. Just too beautiful and iconic, an American plains Buffalo and native American Indian. It doesn’t get any more American than that.
does the year on the coins matter?
some years have fewer production numbers, so maybe one year will be worth alittle more than others.
@@dannyjohnsonsgarage which coin is the best to invert in do u think?
Hi Danny, Wich coin would you buy the gold buffalo year 2007 or 2019?
Fernanda Naiscer Both will eventually be “old,” and although they are pretty much the same in value, I would opt for whichever coin had less produced that year. Not really too much of a difference as long as they are both the same condition
I had a buffalo gold coin question. I want to buy only one 1 oz buffalo in a slab. In your opinion would you get a 2013 proof or a normal non proof random year? Thank you!
cadd808 it's really just preference. I believe he proofs are a lot more shiny. Older coins can gain some numismatic value, but there is also a premium on a new coin. I went with 2017s from a reputable dealer (SD BULLION) to ensure they were not a counterfeit. That's a lot of money, so you have to be careful
Danny Johnson Thanks for your input!
I would get the normal one because you will pay a lesser premium. That is if you are not into the numismatics of the coin.
Personally I like the matte finish on the regular buffs. I wouldn’t spend the extra money on a proof unless I was getting it for the same price.
cadd808 non proof
What do you think about the britannia 1oz 9999 gold coin. Good option too?
I could get them cheaper as buffalos?
argexpert In the end it’s all Gold, so you should be fine. It’s important to have something common like an eagle for reputation, but as long as it’s as easy to prove what the britannia is to a future buyer it should also be a good option
Buffalo wins easy!!
The most beautiful Gold coin ever!!
Well done 🇺🇸,
So, you don't like the 4 Ducates, or the 100 Krones, from Austria-Ungheria, and you don't like the 50 Pesos of the Centenary neither?
@@gabrielesolletico518 I love all gold coins, but in my opinion the Buffalo is the most beautiful.
The new Britannia is also beautiful, so shiny!
My first gold coin was the krugerrand, that will always have a special place in my collection.
What’s your favorite?
Thanks
@@drewpeacock6823 Uhm, that's a difficoult question!
I think the 4 Ducates Coin from Austra-Ungheria is the most beatiful coin, so thin and classy... and decorated. I also love the simple British Gold Sovereign.
What is the price tag for each one ?
eric f Typically about $80 over spot value. www.amazon.com/gp/product/B07MWHJLZ3/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=2004047-20&creative=9325&linkCode=as2&creativeASIN=B07MWHJLZ3&linkId=8555f47e79504741c6b0b18aee31ab14
I picked this video to see which 1oz gold coin to buy. I decided American since I live here. But for investment purposes which is best ? I am leaning towards the Buffalo because of the purity. Any thoughts?
I agree with the buffalo for purity
Danny Johnson thanks for your quick input.
I do not think it matters but it is fun to have both. I really like that the eagle is more durable. So if you want to play around with a coin, do it with the eagle. The buffalo you should handle very carefully.
Can the copper and silver ever be removed from the gold or is the gold permanently alloyed?
it would have to be melted out and refined
ChorltonM21 - gold has a higher melting point than the metals mixed in with it. So, the metal scum will float to the top of the melted gold and can be scooped off, or it will simply disintegrate during smelting. Depends on what the filler metals are.
MrDenizen That’s very true, but an unnecessary step for refinement without the other metals of the 24k Buffalo
Danny Johnson - I only buy 24k gold. That golden glitter is more beautiful than the copper sheen of mixed gold. It’s the beauty of the gold that’s given it value throughout the millennia.
MrDenizen I agree. I like to see GOLD, not gold mixed with other things
the gold eagle is 2nd to none. Gold an silver eagles are the only bullion I buy
Please explain how do you trade one Troy ounce of gold in for its monetary value. Wouldn’t a dealer try and give you less in order to make a profit or should one get the value of gold depending on today’s gold market value.
Phil Jones The coins are valued at spit value plus about $60 more for the coin being minted. For example, I bought these coins for $1,380 when spot was $1,320. If I sold them to a dealer and spot was $1,320 again I would likely get closer to spot when selling. It just shouldn’t sell for less than spot as being a coin. They will for sure give you less
dealers in australia will sell you the coin with a premium, and they will usually pay you under the market value of the gold. ie, 1 oz of gold is trading at 1500, they will sell it to you at 1550 and buy it from you at 1450 as an example. Rarely someone will pay you exactly what the market value of the gold is ie. spot price.
Hey I was curious in general if you could get x4 1/4 oz American Gold Eagles ca Just x1 1 oz American Gold Eagle? Which would be better for resale in future if you sold all together would you keep premiums on fractionals?
Generally, you’ll pay less per ounce for buying the bigger coin. If it’s the most gold for the dollar I would go for the full ounce, but you’re likely to get the same amount back in either situation
Americans have very beautiful coins.As a Canadian I would only buy the Buffalo...because I like the western look and mainly in Canada you would have to pay tax on the liberty because it's not pure.
Elcrypto Wow, so no tax is needed on the buffalo because of purity?
@@dannyjohnsonsgarage Also same story in Australia. There's no tax whatsoever if the coin's pure (99.99%). But taxed at 10% if 22K.
So the buffalo wins on tax.
Thank you! I've seen different coins being sold as buffaloes out there so I thought that buffaloes were not minted in the same mint as the eagle, kinda like silver eagles vs "silvertowne" eagles.
That's a great comparison. Many silver rounds are called buffalos with the same design as these but they are not minted by the us mint like the gold buffaloes in this video.
do you think you could stack both in the same tube?
I feel safer with the eagle because the buffalo is so soft and nicks too easily. Like having both, but for regular investment I go for the eagle.
Nice video I really like the design of the buffalos but they can scratch very easily and you have to take really good care of the same with most other gold bullion coins which is why I like to go for eagles and krugerrands
They are all nice and it’s cool to have variety. There should be more.
The gold buffalo coin is beautiful With it's satin gold finish it reflects the color beautifully the Gold Eagle has copper mixed in with it so it has a reddish color too and it doesn't even look like gold.. I personally won't buy a gold eagle now the maple leaf has a different type of finish it's shiny and glossy and it's beautiful as well but nothing compares to the beauty of the Buffalo gold piece they're in high demand and they have a higher premium.. I've been in the right place at the right time and was able to pick one up usually there's a wait and you have to order them !!!
This was very helpful! Thank you.
I just bought a buffalo gold coin, and the main reason was the purity of the gold. Anytime you invest that kind of money, why not get the purest gold out there. Makes sense.
I completely agree. The only other argument for the eagle is how well known it is, but anyone buying Gold should know or be able to find out what a Buffalo is. Good choice Sir.
the Eagle will bring more premium when comes time to sell..spot price plus about 1%
Good video how can I get one of these coins?
Antt Kush I put links in the description
If needed could someone ever melt down and separate the gold in the eagle from the other elements?
If it’s pure enough for te coin it should be good enough to melt, but the buffalo would be even better with the higher purity it .9999
I'd figure that the Eagle would be bigger and heavier than the Buffalo since it has more material in it... ?
Nice video btw. Love it when people zoom in on a subject. I'm just started and get hooked on staking . Greatings from Holland...
Thanks for the breakdown!
Thanks for watching
Very informational. I would've never known that and glad I know now. I would've been slightly disappointed if I had bought the gold eagle coin. If I buy gold, I want 100% pure. Is there a way when buying to tell if the coin is like this or not? would it say somewhere?
Jason Craft the percentage and karat tells you. For example .9999 and 24 karat is the new standard for purity. Some Canadian maples are even 5 9s .99999
I think all pure or 24k gold coins have the purity on the coin, as in 999 or 9999, those coins that aren't pure, don't say it on the coin.
Rob Diaz False. The Canadian maple and Chinese Pandas that are .999 say it right on the coin.
IM NEW AND IT MAY BE A DUMB QUESTION BUT WHY IS THERE A FACE VALUE OF ONLY $50 WHEN THE COIN COSTS SPOT PRICE FOR GOLD AT OVER $1600 CURRENTLY? THAT'S MY DILEMMA. IN A RECESSION WHAT VALUE MATTERS? I DON'T WANT TO PAY OVER $1600 FOR A GOLD COIN AND ITS ONLY WORTH $50 IN LEGAL TENDER? ITS VERY CONFUSING.
The face value is a requirement from the U.S mint for it to be legal tender, but the gold content is worth far more. Spot price (simply put the cost to pull gold from the ground and sell it) will always be higher than $50 and you’ll see the value in dollars continue to rise over the years as gold is a hedge against inflation. They could write $1,600 as the face value and even that will change. With hyper inflation coming, there is no way gold will ever be valued again at $50 without a currency reset, which may also be coming.
Both wise investments
Who else thinks pure 24k gold is the way to go 😎
the gold eagle is one of the best sovereign coins in the world due to its durability. Hope US mint won't stop minting these coins in the future. People value gold eagle highly outside of USA. Gold eagle contains 1 ounce of pure gold as well. Moreover, you could pass down to more than 5 generations due to its high durability.
If you come to Asia, Gold Eagle, Canadian Maple and Australian coins are the highly trad-able coins. I have not seen even 1 american buffalo in Singapore, Malaysia or Indonesia.
powerlinkers It sounds like the coins are far more traded over there and simply collected here in the states. The copper and silver content will definitely be useful in that respect
In Thailand they don’t like Gold Eagles, because it’s not 9999.
SO the Eagle should way more, right?
shinzon k Yes, 1.0909 oz for the eagle, 1.0001 oz for the buffalo
thanks for this explanation Danny , very helpful ~
I’m glad you enjoyed it! It’s crazy now with the manipulated spot price from paper contracts has fallen but getting the physical is seeing a price increase.
How much is a 1oz coin worth?
Gold is currently around $1,300 per ounce and there is typically a premium on the coin for the “labor” involved of around $50-$80
And the winner goes to the gold coin that doesn’t have copper and silver in it. Just for the simple fact that they continue to add copper in the fold it makes you wonder if you’re actually gotta full ounce of gold. It could be 85% and we would never know
I don’t see why any coins like this should be anything but .9999 or better. The only advantage of the eagle is how well known it is, but that’s not even too important.
Danny Johnson I feel like Canadian gold maple are just as recognized and just as liquid in my opinion with a lower premium
Refrigeration Mechanic I agree. Any of the bigger country coins should be fine. Canada coins are even .99999, but being in the USA it’s sometimes good to think about where you live. Just an opinion
Danny Johnson you’re right. I just started stack silver back in October but just recently I was able to purchase my first bit of gold. I eventually went with a 1 ounce Canadian gold eagle wild life series. It’s a beautiful coin