UPDATE: Some Gold is Harder to Sell
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- Опубликовано: 11 сен 2023
- If you have an emergency need, the last thing you want to find out is that it's hard to sell your gold. Normally, this isn't an issue, but if you have "weird" choices, you limit your options for selling. Either that or you lose the profit you were hoping to make.
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Thank you!
NEVER, NEVER, NEVER…. Buy collectible numismatic coins, bars, and rounds. They are insanely difficult to sell at your cost basis or profit when the time comes. 😬
@@jbirdsong5413 No doubt he's bought quite a few of these at a discount, so knows whereof he speaks.
Not 2009 Ultra High Mint Gold Eagles! Man those things are beautiful! And they have writing on the edges too! wow. Must have for every collection to show off your gold ESPECIALLY withe the Mohagany case that tolts the gold up.
I've never had an issue selling numismatic silver and gold.....and about half the time at a profit...but I wouldn't recommend buying a lot of it vs bullion. It can take time to sell.
You're making a point that I really believe in. Everything I've purchased has been main stream stuff. For gold, that AGE's, Buffalos, or Maples (usually Maples for the lower premiums). Anything else was a sovereign minted coin that I picked up next to melt. For silver, it's name brand 5oz bars, minted coins, or basic rounds. I buy no "collectables" or items with numismatic value. (Well, in fairness, I did buy one 5oz round because it was just so cool and I wanted to use it a coaster in my man cave - in a capsule of course.) I always plan to sell at local LCS's or dealers at coin shows and I never plan on getting more than spot for my metals - anything extra is gravy. Steven Covey said to "begin with the end in mind" and for this PM enthusiast, it means "buy with the sell in mind" on every purchase. I also do not buy online; leaves too many footprints in the sand.
Buy with the sell in mind is great advice. Cheers!
Thank you for convincing me to continue to stack Cdn Gold Maples. I don't want to go through the hassle of finding a buyer when it's time to sell or trade.
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Like you, I have bought and sold 100s of ounces of gold. I attribute my losses as the tuition for the education on what to buy, and what to avoid. I owned a 2017 Dutch Mint Lion Dollar (coin of the year) and the 2018 Dutch Mint Lion Dollar. I paid about $3,500 over spot for each coin. I quickly learned that it was impossible to sell these coins. It took almost 3 years. I found buyers when the USA government gave every poor citizen a $1500 stimulus check in 2020. (I did not qualify for stimulus, I earn too much). The buyers told me that they wanted to buy something “real” with the stimulus. I lost about $500 per coin after shipping, insurance, and eBay fees. Never again will I buy something that expensive. Another painful loss was buying gold coins that were minted from the Scottsdale mint. The dealers refuse to buy them, and the on-line guys will only buy them at melt. Now, I only buy buffaloes, Brittanias, and Maples. I only buy 24 caret coins. It is all about liquidity. Gold is money, it is not a play-thing.
My problem is the more I get, the more I want. The more I don’t want to sell. Going to have to be something really great, or really bad for me to sell.
Thanks man! Great video.
Thank you!
The farmers that I buy from here in middle Tennessee will only take American coins, junk silver, American gold or silver Eagles. I usually pay with silver eagles since I have lots of those.
That's common outside large metros.
You made some excellent points here... Since, I plan to hold my Gold until I really need to sell it, I don't intend to flip for profit and I would most likely sell to an LCS. This further reassures me that I'm doing the right thing sticking to recognizable Gold coins like Maples, Phillies, Britts, Buffalos and of course Eagles and staying away from Semi's. Thanks for sharing!👍
I’ve thought about picking up the 1/4 and 1/2 oz 2016 W walking/standing liberty gold coins, but fear I will have buyers remorse. I love the design, but I feel like it’s the “wrong gold”, even how attractive the coins are.
Maybe the most beautiful series. I have a few of those lol
Great vid.
Thank you!
I was on a fractional gold kick for a while. I took a haircut on the sale. It wasn't for a trade or investment; I was in between jobs during COVID. Yes, there are other avenues, but sometimes we need the cash ASAP.
Yeah, that's the trouble - selling it fast. Cheers!
@@2is1gold Selling it FAST is never an issue. Getting a decent price for it quickly is usually the issue. 😉
@@2is1gold I've become a big fan of stacking the cheap stuff to build a wall between life and pieces I want to hold on to.
Thank you for sharing your experience.
Cheers!
I've been a fan of keeping things as simple and reliable as possible and this is a theme that runs through my life. The more complex something gets, the less reliable it tends
to be and usually at a time when life provides plenty of unwanted complexity all on its own. So, in terms of gold stacking, I only stack AGEs, Maples, and some Britannias. I like
the Britannias a lot so will be adding more as I close in on my gold stacking goal. Hopefully, that will occur sometime in early to mid-2024 but it's one of those wait-and-see
types of things. Because of this, I don't have any exotic / fun / weird gold in my stack and have no plans to add any. I might add some pre-'33 gold at some point but am not
in any hurry to do so at the moment.
Seems like a good plan. Cheers!
Thanks for defining a good selling strategy. Good show!
Thanks!
Thank you for the video! I’ve been thinking of selling some weird fractional gold and getting 1 oz US mint. Best wishes to all!
🤜🤛
great video to learn from. Your channel is brill
Thank you. Cheers!
My stack is comprised of gold & silver that either had lowest premiums when I bought or was a great deal I got on eBay. That’s why my stack has a lot of bars. Also low-premium coins & rounds like silver philharmonics, buffaloes, and even 2-oz silver mayflowers.
eBay? Just make sure stuff is real
@@hugohabicht9957 1) Check seller rating. 2) Pay with PayPal so if any issue, they’ll refund your $. 3) Verify authenticity upon receipt. Follow these steps and 99.99% of the time you’re good.
OH! I am so bad! One buffalo, a couple Eagles, and a whole bunch of beauties. So Bad... SO HAPPY! I'm not selling so no loss. My cousin bought the other way as you suggest and made a nice profit selling. But she intended that all along. Me, I want a beautiful unique collection to give to my wife's daughter later. But to all others, I suggest listening to your advise, unless you're sure it's a keeper.
I get it. Interesting/ fun is always a draw. Cheers!
I’ve been getting into the American Liberty high relief gold series. I mainly stack them to hedge against gold spot. I try not to have them take up more than 10% of my gold stack though incase I have to liquidate some in a hurry.
I like that series too, especially the last two with low mintage. Cheers!
Always best to have an exit strategy. I usually stay with pre-33, AGB and AGE. Maples would be good also. I don't have much experience with anything else. Great advice!
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Yeah I was trying to sell a 1/4 Queens Beast Unicorn the other day. Had no luck for cash offer so i opted to accept some silver maples plus cash. It worked out to be roughly the same as cash value but definitely selling numismatic coins are more difficult, takes more time, and hurts my heart a little more than genetics.
Yes, the painful truth, limited doesn’t necessarily equal rarity or value. What an eloquent way of destroying the myth that you will get back your premiums from purposefully limited mintages. 👍👍
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Another great video with good information to contemplate. The Betty Boop gold coin at my local coin shop comes to mind 😂 I wouldn't touch that thing with a 10-foot pole.
Ha! There was a Homer Simpson coin at mine for a long time. You always hear how well they do on eBay based on ask price, but that thing sat for quite a while. 🍩
Just buy buffalo and eagles. Any other coin you rarely will get your money back. If you buy anything but buffalo or eagle you are buying it for your own satisfaction because you won't get your money back.
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So kugrans are a bad move then ?
Cause I have bought 4 - 1/4 oz coin's thinking I made a good move . Dam it.
Thx. For the advice.
2is1... whay are your thoughts on Au perth dragon bar coin??? Pass? Concerns about liquidity down the road. Thanks.
The only gold coin I would consider selling at this point is a 1910 $20 St Gaudin's. It's in excellent condition except it's mounted in an 18K necklace coin holder. Belonged to my mother and I love the coin except it is held in place by 4 tiny tabs than likely damaged, to some extent, the reverse rim. It should be sold as jewelry and remain in the setting. I would likely replace it with a mint state coin.
Do you think it would be more worth to flip 1/10 Oz coins? Like some of the lunar Perth coins always jump in price after the year is over, eBay fees + shipping would still let you be profitable but would take longer? Idk, I’ve thought about trying it.
I met Chase from SD Bullion a few days ago. Great guy.
100%
Only been stacking for a few years but from the beginning only assumed I would hopefully get spot when I went to sell part of my stack
I fell into the set trap with the silver Germania Allegories, paid some huge premiums (one was $80) but now it's done and I only need one per year until they stop. I try to have a stack that doesn't break the bank but I also want items that I enjoy looking at.
Great video, very thought provoking 🤔
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buffalos, eagles and pre-33 for me. i buy” weird” silver only
Smart
For the 60%+ that lives paycheck to paycheck, I recommend gold bars with much less premium 😂
@@NineteenEighty-Fourthey are a bit less liquid tho
@teaadvice4996 How, in your actual experience, are they less liquid?
Great video brother thanks for the info have a great week 🥃🥃🥃
Thanks Nate - you too! 😄
Still Here my stack is for wealth preservation only.. no collectibles....It's great your have options...
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I strive for that stack of buffalos. Others too, but.. the buffalos just look so good.
Question is out of topic little bit, but i would like to know your advice for buying these gold coins as a savings, for next 2-3 years for a house purchase, what you think, is it good idea? if you can please answer as soon as possible, thanks.
Pre 33 is better than "rare" comms. If it's only about financial gains I've learned eagles and Buffalo's are the only option in the USA
I could be missing something. But it’s seems like if you are stacking gold or silver you would always want to pay the lowest premium possible. And if you want to play the collectibles game buy at the best price you can and sell at coin shows.
Hi just stacking buffalos and eagles here. Though what is your opinion on the Mexican Libertad? They are pricey but I’d like one someday just because of the artwork.
Rabbit holes are akin to gopher holes. They're interesting to gaze upon until a heel lands in one at an awkward angle as the eyes weren't focused on where we tread. The ensuing mind numbing pain as the body sends profound distress signals to the brain that wash over us like a warm summer breeze reminds us not to be intrigued by either as they're simply just another hole. Buffalos, Eagles and Brits carry no anguish and they''re easy on the eyes. Cheers! 😃
Yep!
Good thought exercise 👍
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You can always get your worth in weight of gold, or close to it. Depends on what you’re stacking it for. Things change over the years. We never know what 20 years from now will be like. Easiest to sell are AGE & Buffalos, then Canadian maples in the US. If you’re stacking long term, don’t worry about selling now. We might not even be able to but this stuff anymore once a digital dollar is the new control tool:
Still here, u da man! Just stacking for insurance, so selling is not the point. Not a numismatic kinda guy. When I finally get to afford gold, it will also be for insurance and quick liquidity.
there are a few certain coins that if the time should ever arise, that i would sell before i would sell any other coin, but i am trying not to go down that road as of yet, as for strange coin purchases, if you were to look at my stack as a whole, you would possibly question what my intentions are, i seem to be in between collector and stacker sometimes, while i do agree with your points on simply going to the favourite in your region, which is what i plan on doing eventually, i just gotta get a few coins from around the world first.
i hope it wont be my downfall though haha, as for the Perthmint series coins like the Lunars 3 and myths and legends..... i have the home advantage
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I’m looking to get a 1/4 Yale Tudors Beasts currently one of the cheapest Gold 1/4 coin do you think it’s a good buy or gor for the cheapest Britannia or pay the premium on some eagles
Brittania would be a better buy.
OK I subbed. Your comments make sense to me. I worry about the channels with paniic placed in.
Stack no collect. I did buy Asahi dragon silver rounds, but was only 11 cent premium over regular round. I liked the look.
I don't see anything wrong with that at all. Some part of stacking should be fun and this seems
a very low entry cost. I have heard people say similar things about the Cowboy silver rounds.
I got some last week at a decent price. They're beautiful!
I recently bought 10 oz of 1 oz bars of the Perth mint stuff like you said nothing like 30 oz for the more collectible stuff their is also a Perth mint 1 oz bar of the silver that has a snake on it coiled around the bar might grab a few of those just to have since their is only 3500 total ever minted.
When selling to a on line dealer, do you insure your metals? Just curious, because that can be expensive. That expense alone makes me go to my lcs. Thanks!
They tend to have deals with shippers. They send a label that includes insurance.
Just a great reminder for me to keep stacking the boring stuff (for the most part)! : ) Good luck with the land purchase.
I like how you're video's stay Relevant even after year's, Cant say that about tube doomer's . Have a great week
Thank you Nancy! Have a good week!
I stack gold maples, Brits and buffalos. I collect silver numismatics like Morgans and Peace dollars as well as vintage 1 oz bars. Not a perfect plan, but its 1 i can follow. Take Care
Right now, cash is king...
My expensive gold is all stuff I have no intention to sell. If I have to have the cash I'll deal with it when then. At least I know there's an audience for it. That said I mostly stick to boring (Maples and Buffaloes) and when I want fancy things I look to silver because there's less to lose there
Smart
The problem is the bullion dealers. Those same people who sold you the coin for well over spot because it is a special coin, will not recognise it as such when it comes to buying one, but then instantly mark it up with high premiums when selling it on again because it is a special coin. The dealers are ripping us off.
In the UK, we have Back Yard Buillion, who is acting as in intermediary selling his subscribers gold and silver for a small fee. The seller gets a better deal than if he or she went to a dealer and the buyer gets lower prices too. This is truly needed in the UK, where dealers will offer hundreds below spot for your oz of gold.
Though it isn't easy to buy because he sells out so fast! UK customers only. Maybe the US needs a BYB?
I have had great luck with some uncommon gold coins. 2023 Disney 100 years of wonder 1 oz, 2014 Wedge-tailed Eagle 1 oz, 2023 1/4 oz Star Wars coin. No problems (eBay) good luck with the property!🎉
Collectibles are cool if you want to hold for a long time. Short flips work, but then I can only come to your vids and salivate.
Ha.
My US Art Medal and most of my lmu’s were hard to sell. Sticking with the home team
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Makes me glad I never got into 'collectible gold coins'. Sounds like you are breaking even at best or at worst losing a bit of the sale.
I buy for my Son's future .. yes .. I have some for me ... but I don't plan on selling , and hopefully will never have to .. but full ounces are very hard to sell in the UK .. people are going smaller these days ..
My guilty pleasure..::proof and RP Libertad. Huge premiums, low mintage but don’t plan on selling anytime soon.
Libertads are crazy! Boujie prices, but very nice.
Just sometimes it is not about the Premiums. Cold hard Satisfaction.
I get that for sure.
I consider Perth Mint gold niche gold.Beautifully made but not as liquid as Eagles or Buffaloes. Long term though I think Perth stuff will go up
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Would you avoid the perth dragon bar coins?
@@Captain_Spaulding_01 Nope.Those are good too
@@igglybiggly6951 thanks
Weird to me is Kanye’s gold toilet, Paris Hilton’s gold handcuffs and the solid gold frying pan made for an episode of Julia Child’s cooking show. All of which liquid with my local LCS Charlie who’s a freaking stud! Price is a different story so I’ll stick to coins.
🥃
Having a Charlie local to your area is a huge benefit. Cheers! 🥃
Reading between says stack dont collect😢
The majority of gold coins in my collection are proof made for collector accompanied by a box and COA, purchased for spot +2-3%. All I have to do to get them is volunteer at a coin shop for three half days a week.
I've never tried to sell them, but it looks like somewhere just below spot is likely unless I get ambitious with ebay.
I wish there was a good alternative to eBay.
@@2is1gold Yes, and selling gold coins on ebay is risky.
Gold clad proof coins 😂
I tend to do it the opposite way. Flip silver and stack gold. You know me, I’m boring when I buy my gold.
I’d say you have a few pieces breaking out of the normal/boring category. You just need a Homer Simpson to top it off.
My weird gold is Ducats, sovereigns, Roosters and Mexican pesos. Still gold but might sell and convert to 'normal' gold.
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If you, Sir, badmouth the Sovereign coin again, I will have to ask you to step outside 😂
Should I put 2 different coins of the same size that fit in the same tube?
100% my experience. Lesson learned the hard way.
It sure makes great photos, though! 🔥🤩
In that, I did get what I paid for :)
@2 is 1: I am torn, have three ounces in 1/4 oz maples and want to turn them into three gold Buffalos but I am going to lose in that trade, am I not?
Some dealers will make the swap, others won't. Might be worth calling around. (And there will be people here telling not to give up the quarters.) Good luck!
@@2is1gold thank you for the response, much appreciated. I enjoy the content.
What if you would sell to a highly rated buyer. Is that even an option. Prob not
Sovereign bullion ounces of one's country are key
Although ONE proof .99999 would be nice :)
Excellent shit
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Anyone who knows anything about gold will not care what mint it comes from. .9999 gold is gold. You may not get your premium back when times are hard everywhere, but it is still gold.
I bought a few pretty gold rounds, not worried about the premium. I preach purity and weight in both gold and silver. Sovereigns or generic rounds, when push comes to shove weight and purity will rule. I buy pre-33' gold and they have the best chance of recouping premiums, even though I am NOT planning on getting my premium back. They are collectible and they are gold.
And yet still won’t feel near the sting selling those as some of these guys buying MS70 ASE’s for over double spot because they are in plastic 😬 EXTRA SPECIAL!!!
Ha, true.
I have the Myths and Legends series, they're my "never sell" coins. A guy on facebook offered me spot + 40% for the 2018 Dragon/phoenix. I said no 😁. That beings said, semi collectable stuff is easier to sell on the secondary market than standard bullion in my experience. Everyone is always on the lookout for the Myths and Legends while no-one wants a Kangaroo or Britannia.
Good job with the myths and legends. I know a guy that collects kangaroos. Particularly back-year kangaroos. Be well.
Thanks for explaining ⭐QUESTION: What about selling through reputible Auction Houses?
There's a huge spectrum for time and difficulty, but auctions are options too.
@@2is1gold that you again for your response.... & there are SO MANY Auction houses (both national & international) picking the most appropriate is crucial for these "weird coins".
I see coin collecting/numismatics/exonumia as an endurance run. I enjoy seeing numismatic coins I got in high grade time to time but also understand playing around with them too much accelerates their aging. The one area of weird gold/silver/copper that seems to do better than most is the Dan Carr issues over at Moonlight Mint. Dan comes up with some artistic and novel work. Maybe not as intricate as some of the larger mints but still aesthetically pleasing and interesting.
Hello 👋
Excellent 👌 video
I am Saving these days 3 Months then I invest in Gold Builions.
Thanks Arafat!
The exit thing is my Achilles heel 😊
Ha, most of us can relate.
I like to buy fun silver rounds for my grandkids (colorized Paw Patrol, Barbie, Baby Yoda, etc.), but otherwise I only buy vanilla bullion. I only get Maples for gold, and in silver I have both ASE and Maples, a pile of 90% junk coins, and a few 10 oz bars. I'm not smart enough for numismatics and collectables. One of the key advantages of precious metals is liquidity; why wouldn't I stick with choices that emphasize that advantage?
All gold (no matter how weird) will sell. the only hangup is getting more than spot for its weirdness
And the effort it takes to sell it.
Government issued coins only for me.
Sometimes I feel like the only people that can afford to save are the people that make so much money they don't even need to save. Obviously anything could happen to anyone where they are drained of all their funds but I think in general I'm right.
@@DrSchor if your worried about them going broke what do you think about the people that can't afford to save and will be broke?
Nobody really needs a Lambo....
It's true. 😅
Pre 1933 - Ebay is the best platform if you are not in a hurry. If you list at 10 day auction, your turn around liquidity is about 30 days. Unfortunately you will take a 20% haircut with fees.
I am a queen dealer in California. I am interested in purchasing your gold dragon coin.
Coin
I'm not too worried about it, but if you're interested in that particular coin, hit me up with an email 2is1gold at gmail dot com. Cheers!
I feel like the Scrooge 1oz gold coin is involved in a lot of people's silly gold purchases.
Ha, that one always comes to mind for me too.
@@2is1gold I still want one 😬
Nice pocket knife. Online retailer or custom? Stick with coins primarily from your country of origin.
So the question is, will we see $200 a barrel for oil and $5 pears before the president decrees no oil will be exported? Yes, he does have the authority.
i should of bought more gold instead of that usgold stock 😢😅
Simple really, just set up your own trading option, we can all join in 👍
Gold for property at a peak. Hmmm.
You'll get bored without the weird minted coins.
Gold and silver American Eagles for the win...
You need two more oz of weird Gold to equal a Kilo of fun 🤩
😄
You have an audience you could totally do whatnot.
Have you used whatnot? They’ve reached out.
To buy some fancy silver yes. The live action of it may please you. Plus its a video streaming platform so as a RUclipsr totally your thing. @@2is1gold Its fun you could get engagement from your existing community. You just setup a set like you have throw some tunes on and hangout with people and sell some stuff.
Oh well. Win some and you lose some. Buy Krugerands next time.
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I don’t get it. You knew when you bought it you’d have to flip it on eBay.
Not always. But it's a reason to limit that kind of purchase.
i used to collect coins in a series. If you miss one, it sucks. especially if its a homerun coin.
so for me coin series are a "all or none" venture.
kinda sounds like that is where you're at.
you can always sell and load up on something better or more comfortable.
btw I used to sell on ebay a lot before the 600.00 tax bs kicked in. Ebay was always around 13%. so i'd mark things accordingly
so I could make something, but I would only break even at time.
All or nothing on a series and then I also try to only focus on the best series. I don't always get it right. 😄
can't win them all and that is ok.@@2is1gold