Buying and Selling Gold Coins - Everything Else You Need to Know
HTML-код
- Опубликовано: 8 июл 2024
- Buying and selling gold coins. Which are the best gold coins to buy? Well, that's best explained by looking at your options to sell gold coins. This video picks up where the Gold 101 video left off, giving a bit more I wish I knew when I was starting out.
Gold 101: • Buying Gold Coins - Ev...
00:00 INTRODUCTION
01:18 PART 1: WHICH GOLD COINS TO BUY
06:28 PART 2: WHERE TO BUY GOLD COINS
08:40 PART 3: SELLING GOLD COINS
Online Dealers Mentioned:
www.apmex.com/
sdbullion.com/
Online Aggregator Mentioned:
findbullionprices.com/
NOTE: I am not a financial planner. I'm just a guy on the internet, talking about precious metals. Always do your own research before buying gold or silver.
🔔 SUBSCRIBE: ruclips.net/user/2is1gold?sub_con...
🤩 More info on gold coins: • 24k Gold or 22k Gold, ...
🔑 Top tips for newcomers: • Prices Go Up, Prices G...
Holding a gold coin is a special kind of feeling . Everyone needs to experience it
Agreed!
Not enough gold (or silver) for everyone to hold a one ounce round or coin. At least not at the same time. ✌🏽
@@HarrisonCountyStudio who said own it ?? Multiple people can fondle it
It's a red pill 💊 moment
Do you feel that pure gold has a better feel than alloyed gold like the American eagle? I feel my maple leafs are more reflective and yellow, and the American eagle looks very dull by comparison. Yet somehow the eagle allures me
I made one emotional decision of buying a gold bar when everything else was literally out of stock. As a little boy watching movies, I though the bars were the ultimate way of accumulating gold reserves for whatever reasons. Thanks to you, I will stick to Eagles and Buffalos in the future, and I feel comfortable about it.
I get it! Good luck!
I’m new to stacking but I’m really enjoying my new hobby. I don’t have a lot of money but my little stack is my little stack. It’s easy to waste money on stupid stuff too but the tips in your videos help!
Hey, thanks! Good luck!
One of the best channels on pms. Great content. Thank you for your efforts.
Thank you - I appreciate that!
Great info. thanks your channel
Very comprehensive and thorough. Thanks!
Thanks for watching!
Another excellent video. Keep up the good work. Cheers.
Thanks for watching!
You just gave out valuable info. 100% of these other channels have the time and desire to make videos, but 96% of them have never sold a gold coin. EVER
Thanks for keeping it Real ✌️
Thanks, Ripples! I think it's important info!
Excellent conclusion covering arguably the most important part of stacking. Cheers.
Thank you! Appreciate the comment!
Great stuff!!!
Thanks!
Thanks for the info!
Thanks for watching!
Great buying and selling tips my friend. Well stated
Thanks, Sal!
Great insight to consider.
Thanks!
I know all I need to about gold coins by now, just here to admire your collection
Good video. So helpful.
Thanks!
I agree to the most popular buying options to go for it. Thanks for covering about the bars too, may be now I would be more inclined towards Eagles and Buffaloes.
The shop owners have unanimously cautioned me against them for 1oz or smaller.
Great video and info
Thanks!
Thanks for the video.
Thanks for watching!
I love it ! I totally agree that’s why my 2021 resolution is only stack AGE in the gold side
You have great discipline! Eye of the tiger! 😄
You are the man! I love your videos and the collection you’ve established is incredible. One day I will be stacking coins like you! First up, I am going to do the 1/4 oz American Eagle, easily my favorite besides my blood ties to the Canadian Maple Leaf!
Great place to focus! Thanks for watching!
Thanks for sharing👍
Thanks for watching!
Great info and besides that, you’re the Johnny Carson of video intros. Well done bro
Ha! Thanks again, Eli. I always appreciate your support!
Love the video
Thanks!
That Britannia is the most beautiful coin I've ever seen. I get mesmerized by it 😍😍😍
It’s 🔥
The 2021 gold Britannia is by far a winner. Saving for one, did buy a few 2021 silver Britannia to hold me over.
Great video
Thanks!
Sweet video. Can’t wait for part 3.
Is part 3 about cryptocurrency? *ducks* 😄 Congrats again, Pilot! Hope all's well there! (It must be if you're on RUclips!)
@@2is1gold Thank you. Yes my friend. A very healthy baby boy and we left the hospital a day earlier than planned, so all is wonderful.
@@PistolPackingPilot wonderful!
Good advice always buy gold that you can sell quickly if needed
Agreed!
Man, I think you covered just about everything.
😄 Thanks for watching!
The last purchases I did were indeed roosters and Helvetia and German mark.
The spot price was pretty good. And also I’m originally from Germany so I have a kind of connection to those coins.
But you are absolutely right about selling and that is something I didn’t thought about.
I have to go back to eagles and Buffalos.
Thanks for the reminder.
Greetings from Vegas Ronny 😎
Yeah, I like those coins. I just don’t want to deal with them in a sale! 😁
Where do you buy in Vegas Ronny
a coworker was looking to buy gold. I pointed them to your channel.
Thank you - I appreciate that!
well put
Thanks!
Thanks for the advice....sounds like you know your stuff and extremely well voiced! This is my initial consideration into precious metals and you explained it comprehensively in these two videos, thanks!
Glad they helped. Good luck!
Yeah, that significant other advice…very good advice. If mama ain’t happy nobody’s happy.
Good stuff brother! I am doing the same - trying to simplify my stack. And I finally got the 2017 American Gold Liberty from my LCS!! 😊 I guess a little patience pays off.
WOW! You must have an amazing LCS!
@@2is1gold I think they are fair. I wouldn't say amazing - definitely had a better one last year before we moved. Saved a ton vs the US Mint's price though. I might get another one since they had another one 😂 but will do my very best to wait at least a month... Or 2 weeks 🤣😆
Just found your show, great information thanks! I hit subscribe!! Can you do something covering swiss gold?
Thanks! Interested in bars?
Good info
Thanks for watching!
So , I just purchased some gold ( first time) I got a 1/10 oz , a 1/4 a 1/2 and a 1ounce American Eagle , Beautiful,,,, this is the beginning of my Gold adventure,,,,,, to be continued,,,,
Just picked up my first PC of gold 1 oz buffalo from LCS and it cost be alittle bit more but he had a tester right in front of me and dealing with cash was nice
I started stacking bars beginning of this year but traded them in for 1 Oz coins half way through. Glad I have gone with coins for stacking you get a better deal if you want to cash out . great video again .
Yeah, coins are the way to go. Bars sure look cool, though!
Why don't you buy pure gold bars in kgs from us?
@@godhavemercyonme3832 This speaks to one of this video's main points, which is to keep in-mind WHY you are buying it in the first place.
If you accept the general rule of thumb that precious metals investments should not take up more than 5-15% of one's total assets, then one should keep to that ratio. If you have the financial means to put $60K into a single kilo bar of gold, just know that is going to need to be resold through special channels set up to move larger value bullion, not the local coin shop. A recommendation I see a lot is to store MOST of it in a vault, buy some to trade and some to hold in the event of an emergency.
@@keikofay9804 Well you might be right in some point but here the raw dore gold baes never lose it value and it have it main function in the electronic gadgets manufacturing.
So think outside the box and link up to cool deal on how best my company ca help serve you with right specification of gold bars.
@@godhavemercyonme3832 Yes. The way your comment read, I thought you were being specific to the 1-kilo weight option.
However, if I misread it and you are referring to all fractional kilo denominations, then I fully agree with you.
We are new to buying physical precious metals and have much to learn yet. But indeed, the purity and less fettered makeup of simple bar gold is not lost on us. It's stunningly beautiful.
I just happen to like coins, but my husband seems to dig on the aesthetic of bars so we will likely hold both.
We plan to buy silver too.
The Britannia is a gorgeous coin!
Agreed!
Bonjour mon ami! Merci tellement pour tout ce que tu fais .
Je vous remercie de l'appui!
Stacked more foriegn gold this year than I ever had in the past but I'm still much heavier in U.S. gold.
I believe it was the high premiums that influenced my thinking this year. Don't get me wrong I actually am happy with my purchases but I'm really considering my exit strategy with the foriegn gold after watching all your videos.
Premiums and availability messed with my plans this year too. I wonder if the RUclips commentary influenced me to try some new options too. I get a, "why don't you have any Libertads?" comment every hour or so! 😄
Great video! It can be tough to stay on track with the more recognizable coins when there’s so many other cool options, but will definitely be beneficial in the long run.
Definitely!
Vraiment excellent . Merci
Merci!
Nice 👍
Only sold a portion of my stack back in 98 to sweeten a deal on waterfront property. It was person to person and I made out well. Still left a hole in my soul to do that so I became obsessed to replace it. Scored there too due to Gold being less than $400 an ounce. Have bought in what I thought was a dip a missed big time “hello 2008”🤦🏻
saw you on Salivate's channel, stopping by to say hi!!! 😁
Hello! Glad you stopped!
Great insight. I have lots of world gold and plan to hold it for along time. Not to say that i Do have bullion that is ready to liquidate. I keep the variety to pinpoint buyers when needed. Whether its junk or super premium, tjers an outlet at anytime i can dump if i had to. Thats diversity at its best. 😊👍
That's great. Just knowing or having a plan on how you'd be able to sell it is something I think everybody (who buys gold) should have. Cheers!
I think you might have an amazing camera. I can easily see all the details in this coins, regardless the on the table or in your hand
I've been using an iPhone. Eventually, I'll switch to a dSLR. I'd like to get them clearer yet! Thanks for watching!
I prefer the Britannia's ,
They have a lot of things going on and are good looking gold at that ,
And lower premiums
Right now.
Nice breakdown.
Thanks!
I’m
Listening 👍
Thanks for these insights. I haven’t bought any gold yet (I’m still in the research phase) but definitely considering it as a hedge against inflation/market crashes.
Worry about deflation!
@@patrickkerner1471 I don't think deflation is going to happen for a long time.
Most governments round the world seem to be doing their hardest to create inflation. Some inflation can be good for an economy, problem is when it gets out of hand.
Gold will SKY ROCKET
I'm binge watching all your videos. Educating myself about the topic as much as possible before I start buying any gold bullion. Can I ask you a question? I've been seeing the quarter ounce Britannia quite a bit under the eagle on JM and APMEX (522 vs 630) Is the Britannia and Philharmonic still a good buy for the long term stack? I'm thinking about buying a quarter ounce a month for at least a year. What about getting a couple silver eagles a month as well? I appreciate what you're doing and keep up the good work.
I like the 1/4 oz Brits and Phils. They’re both the same 22mm diameter as the Eagles. Of the two I prefer the Brits. I’m not buying Silver Eagles at current premiums. Even if you can get them for $35 or $40 and that might not seem like much, the premiums are wildly out of control. Good luck!
There's a coin shop owner in Portsmouth Ohio who sent me a flurry of emails over making an offer he didn't like.
He said a bunch of crazy things, but wouldn't take the offer to settle it in The Streetbeefs channel ring.
Coin shops have positive and negative sides to them- control freaks are that way until offered a boxing match.
Stack on- coins are bomb.
GEG
😅
Pandas are short weight wise. If you make jewelry buy scrap at spot or bars to melt & cut.
Thé reverse proof Liberty is such a marvel. Don’t think I could sell. And the Britannia... damn... !
Gorgeous coins!
Don’t forget JM Bullion especially if you are a veteran. Every purchase will be “As low as” pricing no matter the quantity.
That’s a great point and something I do forget (because I’m not a veteran). I do use them, and My info was part of their security breach, so I have mixed feelings at the moment. Thanks!
I had no idea veterans get that as low as discount? How do they determine if you are one or not because I am one. Would love to take advantage of that!
@@golddividends There is a section describing the process. Just type "veteran" in the search bar and "Do you offer a military discount?" comes up. Click on "here" at end of sentence and the process is described. When your account is coded for veteran, then the prices will automatically be changed. Hope this helps.
Did not know this! Awesome info!
Please do a similar video on gold bars.
New subscriber absolutely love you videos question what do you think about United States gold bureau?
Thanks! I don't know of them.
I do well on CL...local FTF sales exclusively.
That's great. There's nothing in my local markets, so I haven't been able to use it for a while.
what should someone pay , when buying gold though?
as in the premium....1/2oz to 1oz.
cool vid, super cool coins.
My LCS asks $60 premium on 1/2oz and $100 on 1oz. I’ve been able to get slightly better prices than that, though.
I am still just a buyer and sometimes trader! Selling has not started yet!
The "honeymoon phase"! 😅
Fist of all, thank you for the video it was well done and Very informative. My question is all my local coin shops have gone up in price upwards of 11% premium. Is shopping on line just good business or should I stay local? Thanks
Mine did too, so I've switched to buying a lot more online. I continue to check in with the local shops, but anything above 7% is uncomfortably high for me. Cheers!
Thank you sir, you have a new subscriber. I started few years ago in purchasing 1 oz britannia per year, avoiding fractional. I've always lived in EU and recently changed country for work. After few researches in local shops it seems that premium on those coins is floored at circa 8.5% which feels kinda discouraging..what's your opinion on those %ages in current mkt conditions?
8.5% premium at the time of purchase is pretty high for a 1 oz coin. I shoot for 4% but I've gone as high as 6%. Have you looked at online options? Cheers!
Nothing like stacking Lady Britannia and enjoying the CGT free profit that comes after in the UK
I love collecting coins since I was a kid. Five years ago started collecting when I had money to spend. I would keep my coins even if gold is 10,000 dollars an ounce. Can’t afford gold anymore so I will purchase silver and one platinum coin when 800 an ounce.
Yeah, good luck!
David, you can still buy it when you find Bengs Gold mining Company. They can get you good quality and affordable gold.
My favourite coin is the gold Brittania or the maple leaf
Both are great-looking coins!
where to buy gold in canada?can you suggest online or local?
Selling my gold will be the hard part as I wouldn't want to let go of that beautiful yellow metal but I'm sure the huge amount of £$€'s I'd receive would make it easier lol
You nailed it!! Take that profit when you can. Sit on the cash until the next deals come around and buy more gold than you had to start with. Don’t get sucked into the “ I’ll never sell my precious metals “ frame of mind. ✌️
Consider the benefits of NOT falling love with your coins. If you don’t mind selling the stuff at the right time and for the right reasons, then you’ll benefit more from owning it than you might otherwise. It’s only money, which is never as sweet as SOME of the things that money can buy. When I sell gold (and silver), it’s only to buy stuff that will increase in value ... never to pay bills or to be a consumer. I like to take profits when I can, but I don’t mind selling when I have a good use for the money - regardless of price. For example, I just sold a couple of ounces to buy a well-researched spread of mining stocks while THOSE price are low. They will 5X long before the bullion will 2.5X.
@@TheEnneagram 👍 Well said
I plan on holding gold, selling silver to buy more gold. If I do take gold profits I will not sale more than half of my gold holdings in case mountain peak was not reached.
Does anyone plan on selling soon or holding for long-term like say 10-15 years?
I don't have much gold, due to the price of it, but I have had gold for four years and made good profit from it so far
11% premium today on purchasing a 2021 Gold Eagle at a leading online dealer. That seems high to me.
It is high. Hoping that cones back down soon.
Is there a standard “range” of premiums over spot gold such as 4 to 6% and 8 to 13% over spot silver?, when buying and what is a fair % over spot when selling to an last?
SD Bullion is offering $22.00 over bid for ASE's. I have nothing but praise for them. That said, I have been buying mostly from CMI in the past year or two. Slightly lower premiums with high minimums. I have not sold anything in over 10 years, I am near the end, but an still in the accumulation phase. Done with gold, need another monster or two and I will be done with silver. Looking for mint sets for my grand kids. My bicycle is almost 50 years old. I bought it used when I was a teenager. I think I should get a new one. There is always something.God bless you all!
Another monster or two?! Wow, that's some serious dedication to silver. Go get yourself that new bike! That should be fun! Cheers!
@@2is1gold I moved to central Tennessee. This is great bicycling! Gentle hills, smooth pavement, courteous car drivers. Such a change from North Jersey. Plus 5 grand kids to motivate me.
@@uncareid5557 Envying you from the broken state of Illinois! Enjoy each day---
HI 2. I ALSO LIKE $5 & $10 US COMMEMORATIVES. BUT I AM COLLECTING, NOT TRYING TO FULFILL A DEALER'S BUY BUY LIST. I HAVE BEEN COLLECTING THEM FROM THE MINT SINCE THE 1999 GEO WASHINGTON. OVER 9 OZ. OF GOLD TOTAL. COLLECTING GOLD IS REWARDING IN MANY WAYS. *TYU*
I like the idea of commemoratives too. I wish they’d round to actual 1/4oz in the future, and I wish some of them were more interesting. Maybe they need to hire the person making the decisions at the Royal Mint these days. Hope you’re well!
I know I've talked about this before. Sold all my silver and gold in 2012. Had sellers regret over the gold. Now I've restocked with silver and gold. If I sell next time the silver will be easier to let go. Selective gold purchases, not flipping.
Sellers remorse is real! Hopefully you did well in the sale!
I like the Canadian Maple leaf and have been thinking about purchasing one. However, I'm not a fan of the queens head on it. In your opinion what is the 2nd easiest coin for you to sell?
1. Eagle or Buffalo 2. Maple or Krugerrand 3. Philharmonic, Britannia or Kangaroo
I’m so glad I found your channel. I find it very useful for me. Thank you
Thanks!
This by far the best Gold channel on RUclips. Very rarely do I have anything to disagree with. You know when someone has the experience and when someone doesn't. This man knows what he's talking about.
The poor sees every opportunity as a scam while the rich keeps getting richer by investing.......... Invest and spend wisely also
Exactly 👍👍
Despite the economic crisis I definitely think it's the best time to start up an investing especially with the current rise in Bitcoin price
Gimme the cash! Excellent info and video 👍
😁👋🏼
@@2is1gold your video is very timely and makes one pause and reflect. Why? It’s almost impossible to buy tier 1 fractional gold coins. I’m limited to Perth mint pretty much but I’m hesitant to buy more since I feel I have enough but not overboard. Are you finding it difficult to buy fractional gold coins? Thanks 😊
Incredibly. I’m looking at all these other options too!
@@2is1gold wow! You too 😯 Hmmm... have a nice evening. 😊
@@Xylo58 I can find AGEs online, but the premium is ridiculous.
I’m still at 101 as a gold buyer only ... so far. But you gotta think ahead for 202.
You’re in the honors program, Heist. You don’t have to hide it! 😁
Great stuff 👍😎 although I don’t foresee myself selling any of my gold for years and years 👀🤣. Goal for 2021 is to stack more gold eagles & buffalos and less of the other stuff
Thanks for watching, 4! I didn’t plan to sell either, but sometimes opportunities pop up! Cheers!
They can, and it’s great to have a stockpile of gold when they do! Sometimes my emotions get the best of me though! 🤣🤦🏻♂️
This market needs to be way more efficient. I can understand buying a newly minted coin with a premium but after that it needs to change hands with a much lower spread.
Jewelry stores will buy 1 oz bars at spot i have not done that but have inquired,they will then use them formaking of jewelry.👍
Yep, I’ve seen the same lately. In down cycle years (2016, for example) they paid below spit and didn’t always need them, though.
94-95 % of spot for gold Pesos is a good deal for a seller because I believe the old pesos are mixed with things other than gold.
I think they blend agave nectar into them.
Hey 2is1 can you tell what kind of coin holders you have thanks and where I can buy them
Yep.
▸ 32mm Direct-Fit Capsules (Fit 1 oz American Gold Eagles, Gold Buffalos, etc.)
amzn.to/38TpVE9 (10 capsules)
amzn.to/3F1FYgX (20 capsules + tube)
▸ 30mm Direct-Fit Capsules (Fit 1 oz Canadian Maple Leafs)
amzn.to/3pYmLoO
▸ 27mm Direct-Fit Capsules (Fit 1/2 oz American Gold Eagles, etc.)
amzn.to/3nVpfCq
▸ 22mm Direct-Fit Capsules (Fit 1/4 oz American Gold Eagles, etc.)
amzn.to/2LHteFN
▸ 16mm Direct-Fit Capsules (Fit 1/10 oz American Gold Eagles, etc.)
amzn.to/3roUzLy
Pre 33 are they as good as the copper kruggerands?
I like the $5 Indian Heads. The rest are lost on me, honestly. I just don't like to say it, because the posse is always watching!
@@2is1gold grab the rope and Pitchforks!
@@SilverBritches I still need to break out my Krugerrand and do a pink hued love video on it. Just to make up for past verbal indiscretions.
@@2is1gold nah man bash it like never before.
😂
Do u know what a good price for a decent $10 gold eagle liberty head ..gonna sell some silver soon to get one
I saw one this weekend with a 23% premium. The dealer told me that was a “great price”. I didn’t agree, but I’m not sure what the target should be.
Wouldn't the coin shops pay spot MINUS a small premium, not plus? (For Eagles)
Mine pay a little extra!
Any experience with bars- like a 100 or 259 gram valcombi?
Local shops have always told me to avoid them because there are fewer buyers.
I finally broke down and spent the money and bought some Buffalo gold. I sold 70% of my silver stack and slowly moved it in the gold and cash. When you're up 45 50% you got to cash in. Silver should have reached $50 long time ago
“Silver” should have reached $50?
@@2is1gold yea fixed that. Lol. I'm 58 years old been following silver for 40 years. During the summer when gold hit an all-time high silver should have easily been $35 to $50. When it didn't break Thirty I sold 29 28 27 holding some for the Long Haul but a lot less good luck happy holidays. 2021 oughta B interesting
@@pauld8790 I've only been following it for 12, but I did the same. If 2020 couldn't send it to $50, we're looking at industrial use cases driving its price. I'm mostly out (of silver) at this point. Cheers!
Where to sell 1oz silver maple leafs? I have 120 coins
Why American eagles 2021 are priced lower than the release price (on US mint) at both apmex and sdbullion? This year version is not popular?
The US Mint only sells proof state coins directly. Proof coins cost more.
YES 👍
✊
When selling long distance. I use walmart. Walmart to walmart is a cash deal. And ask the buyer if he wants shipping insurance add that cost.
NEVER use paypal. Scammers love it.they just say they never received it and paypal returns the money without your knowledge or permission.
I've had issues with PayPal as well.
I bought my first quarter ounce gold since November but won’t shipped yet I’m starting to be worried wvout
Send the seller a note!
My LCS only gives 95% melt for fractional Eagles, but their premium on 1/10 Eagles is only about 7.6%, so it kind of evens out. It's a shame, though, that the sales tax is 8% on any gold/silver purchase under $1500. It turns a great deal into an ok deal.
I’d love to buy there without the tax!
Your LCS is taking advantage of their customers. You would be better off selling them to APMEX for a premium. Even after paying APMEX's shipping fee, you would still come out with spot or better.
@@thinkforyourself9311 I'll keep that in mind, thanks!
@@thinkforyourself9311 most underrated comment ever. Most people dont even consider apmex. Their 1 day guarantee of payment and ups fully insured shipping are hard to beat. All my raw gold was quoted over melt when selling to them. No lcs can touch that with gold and platinum. Its a no brianer if you care about your money. In 2020 ive found good lcs can really do better with bulk silver. Based on the current ratio it weighs +/- 70x more for the value so shipping can be cost prohibitive trying to sell 500 or 1000 oz.
I just bought 2 1/2ounce A.E
Nice!
How do I buy goldstocks? What site?
Hey there newer listener here, do coin shops usually negotiate the prices of their coins? Let's say they're asking 2K for a buffalo, am I able to negotiate a little bit or is that kind of forbidden in this space? Thanks
My dealers don’t budge unless it’s a collector coin with higher premium.
Do you recommend first strike gold coins?
Nope. There's no additional value to me. One exception to that for me might be for the first strike Buffalos some dealers sell. I wonder if they have slightly better QA.
Why would gold sell under spot price like "roosters" or be harder to sell. I get it no premium but why not full gold price?