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Watch This Before Buying Random Gold Coins

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I was told I'm doin' it wrong, buying anything other than Eagles, Buffalos, Canadian Maple Leafs, or Krugerrands. Does your choice of gold coins really matter? It does to how much you pay. It also affects how quickly you can sell. But that's a guideline rather than a hard rule.
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29 авг 2024

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Комментарии : 387

@myprogrockshow3025 Год назад

I like how you show both sides of gold buying. On the practical end it is important to have something that is more liquid. It is okay to have a fun side when purchasing, but it always goes back to everything in moderation.

@2is1gold Год назад

Absolutely. Cheers!

@yohanvonwulfman9581 Год назад

this guy's shop just likes to rip people. you could sell anything he is talking about in 10 min for spot online. welcome to the 21st century guys

@mixedraisins3266 Год назад

I like the idea of splitting the stack into a liquid portion, like eagles and buffalos, and a "fun" portion with foreign frac, novelties, etc. The former being designated for emergencies that can be unloaded just about anywhere at any time, and the latter for when money is tight and you'd like to free up some cash, but it's not as urgent as an emergency. That's the stuff that can go p2p.

@tracy2762 Год назад

Yes in my experience the different coin shops all have their individual preferences ..good to have a few shops to go to.

@2is1gold Год назад

The high volume shops with strong online presences (like Bullion Exchanges) are like candy stores. I just rarely get to them in person. Cheers!

@havensphotography Год назад

Buffalo's and eagles would be great to stack if premiums weren't so high compared to what places will pay for them. Personally, I love the Britannia design, just like the look of it and the complications. Maples are nice as well. Krugerrands are just trusted everywhere. Still nice to have a few randoms. My favorite random is the John Wick coin. That one isn't going anywhere though.

@michaelwatt7846 Год назад

Love your sane approach and the admission of the places where a little insanity creeps in. On the whole, I have based my approach on your approach, although I am only able to stack at a lower rate and do interleave more fractional than you do. When I do the "less sane thing", I too am attracted by the Perth stuff and also this new bullion coming out of Spain the last couple of years. Bottom line, your advice - training really - has been very helpful and is much appreciated.

@2is1gold Год назад

Glad some of this is helpful! Cheers!

@silverstethoscope65 Год назад

I've been buying Britanias Just ordering from SD....Really like the security features....

@2is1gold Год назад

I think they’ll continue to get more popular. Cheers!

@mytinfoilhat9801 Год назад

Bullets come out of the best security feature

@blackmetalmatters9101 Год назад

Same, I like the security features but also the premium was low.

@MrThe1234guy Год назад

With the purity and the security features you cannot lose. It is one gold coin I would feel secure buying from just about anyone. To me the security features are everything.

@danstinson7687 Год назад

I added a Britannia to my stack back in November and bought a new type 2 K. Charles this week.

@Huntoutdoors1 Год назад

Look gold is priced by spot price when its about wealth preservation if you are doing this right . Its about price per oz period . A 1 ounce gold coin if the dollar collapses completely will be the same no matter what kind as long as its 99.999 pure .There will be no premium when the fall comes and you will be spending extra mony for a name . Don't be dumb folks .If your just coin trading do you wealth preservation when it becomes about trading gold or silver it will be about weight .Doubt me just do some past history reading when gold and silver was traded for goods .

@KenGroth-ts6ge 5 месяцев назад

Sure, just let me drill your coins otherwise I won't accept them

@Huntoutdoors1 5 месяцев назад

@@KenGroth-ts6ge then don't accept them it is what it is . I or nobody needs to do business with you remember that .

@donnelson4140 Год назад

Recently I decided to trade up some $5 and $10 US commemoratives, because they made me tabulate to four decimal places. The LCS allowed a pretty good swap deal with reduced premiums on the zero-to-two decimal place replacements. The shop deals primarily in numismatic stuff so bullion buy and sell numbers are taken directly from on-line dealers. That was news (!), and means I can pretty much predict exactly what buy and sell will be on anything I or they have. Excluding pawn shops, they are the only local dealers, are congenial, are in walking distance, and now are predictable, so I’ve got it pretty good!

@2is1gold Год назад

That's great! You have it very good. I'm willing to pay a bit more at a good lcs. Looks like you don't have to. Cheers!

@craigjones3988 Год назад

My random coin turned out to be a US arts medal from 1980. I basically ended up breaking even on it after being told by several dealers " cant sell them" lesson learned. Stick with the crowd favorites. Cheers 2/1. Great content as always

@2is1gold Год назад

A dealer has to have a lot of volume to turn over random stuff at a decent price. People with access to the giant dealers have a bit more freedom to buy the odd stuff. Cheers!

@pborkstrom Год назад

There’s a few other US coins like that (Mark Twain, etc) that are tempting because the low premium. But I’ve resisted the temptation for this very reason

@craigjones3988 Год назад

@@pborkstrom your correct!! When spot moved up i found a shop that willing to buy @ 92% and i broke even. Whew!!!!! My LMU's were easier to move. Eagles for me is the rule.

@yohanvonwulfman9581 Год назад

news flash coin dealers rip people of its how they make money. your dealer can sell anything, They just want you to think otherwise so you will pay the premium on certain things 1oz =1oz

@craigjones3988 Год назад

@@yohanvonwulfman9581 ill disagree with you. All gold isn't gold. I got a stack of Helvetias ill sell ya. Cheers

@Wolf9of9Odin Год назад

I figure Eagles, Buffalos, Maples are a safe direction. A very close second are Brittanias and Krugs. I love them all though! Great channel my man!

@2is1gold Год назад

Thanks!

@markroberts9577 Год назад

Always enjoy your demeanor that you have when you put out a video. Too many videos I have to admit they instantly raise my fear of missing out when it comes to buying gold and silver. But I am sticking to my guns and not buying until my current goals are reached first

@2is1gold Год назад

That's the way to go - Cheers!

@PoorRichardsAlmanac Год назад

Concur with all of it. The premiums don’t bother me. They seem relative to the coin type. Also, I look at the premium on a numismatic or collectible as a price for a gift that keeps on giving. For example, Wife’s birthday this weekend. That very nice meal will cost $200. About the premium on an AGE. That meal only lasts till breakfast. The very beautiful numismatic may be enjoyed for generations.

@2is1gold Год назад

Agreed. It’s all relative. Cheers!

@edb3877 Год назад

"That meal only lasts till breakfast." Yes, that's true, but the memory of a kindness lasts forever.

@633ohioc Год назад

Can you do a video on the negotiation process when selling coins to your local dealer?

@TheQuickSilver101 Год назад

Here in Toronto you'd think the highest demand would be for Maples, but that's not always the case. Multiple dealers around me prize Buffaloes above a Maple. If I'm going to buy a random bullion coin I'd probably buy a Britannia for the low premium and how easy it is to move (pretty easy). If I want something semi-numismatic I'll buy whatever I want, resale be damned. Thanks!

@2is1gold Год назад

The larger the metro, the larger the buyer population. Toronto has that. The CML is a gorgeous coin, though. You don't know how good you have it! 😄

@makingwaves1239 Год назад

I think it is smart to buy well known bullion coins from well renowned mints. It could be that British coins aren't that popular in the US, but in Europe they will have a much greater acceptance. The Philharmonikers as well. The coins I would buy if I looked at this subject globally (in unprioritized order) : 1) US Eagles 2) US Buffalos 3) Austrian Philharmonikers 4) South African Krugerands 5) British Brittanias 6) Austrailian Nuggets 7) Canadian Maple Leafs You have a couple of other coins that looks pretty good, but they are rather unknown out there. I also for some reason don't trust Chinas mint. Some part in me just think they are spraying gold over cheap copper coins or something. It is probably just me ... but still ...

@keridokaballo3141 Год назад

Some time ago it crossed my mind to set up an online gold coin shop that was going to be called "The Random Coin Shop". The idea was to have a very varied sample of coins available (Buffaloes, Maples, Britannias, Kangaroos, Philharmonics, etc.) and the idea was that the price of an ounce of gold for my clients would be the result of taking an average between the price of all coin models. The customer who wanted to buy would get a random coin, so sometimes they might be lucky and get a Buffalo, or unlucky and get a Philharmonic.

@2is1gold Год назад

Take that idea online!

@keridokaballo3141 Год назад

@@2is1gold It's a bit expensive and I feel too lazy. Lol.

@keridokaballo3141 Год назад

@@2is1gold Besides I would be tempted to send always the cheapest coin, telling the client that it is the one he got. Nothing that cannot be solved with a few hundred bots writing on the Internet that they won the Buffalo or the Completer.

@sandracrandall4561 Год назад

Doing business honest is rewarding....no bot BS, Skippy!

@keridokaballo3141 Год назад

@@sandracrandall4561 I was joking.

@roadway3542 Год назад

Even though you don't purchase many pre 1933 u.s. please check with your coin shops to see how they feel towards those coins for walk in purchasing. They seem cool to them but we're a small city or maybe they're playing hard to get. Thanks for your effort to encourage.

@2is1gold Год назад

Two of my local shops really like pre-33. The price they buy and sell them for is always changing, though. I always have to ask ahead of time. Cheers!

@jayayers2511 Год назад

I really don’t like the color of the Eagles! I prefer pure gold. Also, the detail quality of Maple’s and Kangaroos are much higher. Nice job on your channel!

@artjogo Год назад

I had a collectable cartoon gold coin given to me that I tried to sell at a local dealers about ten years ago. I went to three local dealers who would only give me spot price or a little bit over spot at the time. I knew the coin was worth more so I thought I'd try one of those We Buy Gold shops. The guy there knew exactly how much the coin was worth and offered to buy from me for much more than spot and more than what I knew it was worth, I didn't hesitate to sell it to him. Sometimes you just need to shop around to find for those kind of deals your looking for not just coin shops. Especially when it comes to those antique coins and collectables that make them difficult to sell or know what they are actually worth. So I understand 21s logic for sticking to what he knows best.

@rd9102 Год назад

In other words, separate your fun stuff from your stack and know the difference and why if you have to sell either/or what they will (probably) sell for and to whom. Great information, very important, as with most things understand not only the entrance and reasons to hold something...but the exit which is probably THE most important information. So many people don't ever bother understanding the exits of their assets unfortunately and they could (but not necessarily) get taken or ripped off for any various reasons. Knowledge is power!

@mateocafe45 Год назад

I love the Gold Britannia. Would buy those before I would ever buy a Gold Eagle. The only gold coin that I would buy over a Gold Britannia is the Gold Buffalo.

@ronejr766 11 месяцев назад

Question.. if you could only buy one between the Buffalo with a low premium on sale at the moment, and the 2023 King Charles coronation cypher coin with a 5000 mintage.. which would you buy? I’m wondering which would sell for a higher premium 10-20 years down the road and if anyone in the states would be more interested in it over a Buffalo.

@mr_digdeeper Год назад

You sir are my motivation ✊🏾

@2is1gold Год назад

Appreciate that. 👊

@stratcaptain66 Год назад

I’m in Canada and we steer clear of any “eagles”, my LCS charges the same for eagles as he does for maples(silver) otherwise the premiums are too stupid to chase that unicorn. Besides, when the metals rise in coming months or years…an oz will be an oz, no point being snobby.

@Johnnys_World859 Год назад

Your videos are very educational. It amazes me how you never run out of good topics to talk about

@strykerentllc Год назад

With the random coins, most dealers view them as they do bars in assay cards so if one looks at it from that perspective at the local level, then bars would be the way to go. Every brick and mortar dealer is different so a quick visit or call would be in order prior to deciding on which path to venture down. That new UHR sure is easy on the eyes. Cheers!

@2is1gold Год назад

Cheers!

@petrpalecka5932 Год назад

If I think about a liquid low premium coin, I think about the Philharmonic. Paying a hefty premium for Eagles does not make sense in Europe.

@2is1gold Год назад

I wouldn’t touch Eagles there either. CMLs are really the only coins I think would be a good choice everywhere. Cheers!

@tonyw.3210 Год назад

I have been watching this channel for too long, I also have one of those 188 High relief rabbits and I picked up one of the 2017 US mint Liberty Proofs for the same price as an Eagle and I missed out on a 2009 US Mint Proof coin that looks like the St Gaudins coin at my LCS. I got bit by the Gold Bug hard. Keep up the great videos

@2is1gold Год назад

Ha! The peer pressure!

@mitchelleveritt3204 Год назад

Awww, you got your bunny...mine is hopping in today. You gotta have some tigers, ponies and bunnies to go with the eagles and buffs; it keeps things fun and interesting.

@2is1gold Год назад

Agreed. I just keep them a little further back in the safe place. Cheers!

@mitchelleveritt3204 Год назад

@@2is1gold The difference between tubes and boxes I guess?

@user-mj4yf1bw7g Год назад

Man i wish i could find a local shop i have been searching for years and all i have found within an hour away are places that buy gold and silver but they only auction it off online so they dont sell anything. Ive been stuck with just buying online. Thanks for the video

@2is1gold Год назад

Online sites have gotten really good over the last few years - they even buy back. (Local shops are nice, though.) Cheers!

@thelowesttreeshavetops3541 Год назад

Great video! So interesting about the preferences of individual stores based on their customers' demand. I saw one video where a guy tried to sell his gold Eagles and Maple Leaf coins in Chinatown in NYC, but one of the stores was only interested in Chinese Pandas.

@2is1gold Год назад

I saw that too. You don’t take 22k coins to an Asian market. He should’ve read the room!

@mytinfoilhat9801 Год назад

Been stacking like 6 years...stacked a house and a condo ...never plan on selling..My only goals are to live in a van down by the river ..cheap living

@2is1gold Год назад

Ha!

@Silver-Chair Год назад

Selling gold for paper just doesn't work in any capacity, in my eyes. Giving paper for gold, that's a much better proposition for me but I understand, sometimes you need cash... It just hurts to think about it. Great video!!

@edb3877 Год назад

It's part of my plan to sell some gold, when needed, in retirement. This would be to bolster my income, especially during periods of high inflation.

@itslaterthanyouthink87 Год назад

Brings me back to the seinfeld days " NO SOUP FOR YOU! " hahah

@2is1gold Год назад

Ha, yep!

@dukenukemani07 Год назад

Eagles are the ONLY gold I buy. I bought alot of silver last year during the dips, but mostly Silver Eagles, for the exact same reason. I buy what's easy to sell. I confess, I bought some fun collectable rounds and a few Germania Mint silver bars, but I would sell those last because those are to keep and not resell unless I really Really REALLY had to.

@2is1gold Год назад

I'm with you. I want the stuff I can move with no friction first. Then I'll grab some fun stuff to hold on to. Cheers!

@dukenukemani07 Год назад

@@2is1gold Rock on Dude! 🤜🤛

@noctilucent7396 Год назад

I'm in the same camp. AsE and AGE

@Brafie37 Год назад

Waiting for my 2 Buffalos to arrive tomorrow Excited to see them in person 1st gold coin was an eagle but I want that 24k shine

@2is1gold Год назад

I'm sure you'll love them!

@SergiuM42 Год назад

I love both of those and can’t decide which one I like more!

@metalsmania4459 Год назад

I mentioned in previous videos that I started buying gold/silver in July/August of 2021 when premiums were going through the roof on both compared to previous years. My luck on timing. In the recent past life reared its ugly head and I had some unexpected bills arise, so I needed to sell some of my silver and all of my gold of ~ 13 oz's. I sold Eagle's and Britannia fractionals and Buffalo's. I got some of my premium back on all of my gold, less on silver but as a whole I lost money on my sales, but I didn't have to sell any gold for spot or less. Turns out I have some medical bills that I need to pay as well so the decision to sell was in my best interest then and now. With all that said I am buying back into gold and less into silver. I learned from my previous mistakes and will not make them in the future. I have a type 1 2023 Britannia and a 2023 RCM Maple Leaf (both 1 oz) on the way. After that I will buy exclusively Buffalo's unless I buy any fractional which would then be Eagle's. I don't plan on, in the near future, to buy fractional gold so I'll stay with 1 oz gold coins for now. I wasn't happy with having to sell my gold (especially my two Buffalo's) but I was able to take care of 'life happens' at the time. Good video.

@janicejohnson1334 Год назад

Thank you for sharing . . It's always interesting to see a different view point as to the who what when where and why related to Gold coins . . . I respect all personal preferences . . . ME ? - I want the highest quality gold content for my very hard earned dollars . . My best coin for me to buy may not be your best coin for you to buy . . I understand & I get why LCD only pay spot or below . .

@exmarine268 Год назад

As time goes by, I am losing confidence in LCS’s. Selling any bullion back at less than melt constitutes a “negative premium.” I will eat my gold before I sell any of it at less than spot. Forget ebay, I will sell on Craigslist and meet the buyer at a bank.

@2is1gold Год назад

Reddit and Facebook groups work too.

@SovereignSaurus Год назад

Great points. The most local coin dealer I can get to in the UK is pretty similar but with the Britannias being preferable in the 1 oz size then Krugs. Buffalos etc he doesn't care. Sovs are his favourite which suits me

@2is1gold Год назад

I wish we had a low premium option like Sovereigns. Cheers!

@tomtharos4440 Год назад

Interesting. I like the Britannias because of the design but mostly Eagles, Buffalos and pre-33. I buy the “fun” stuff in 1/10 oz size.

@2is1gold Год назад

Britannia craftsmanship is top notch for sure!

@bobstiger435 Год назад

Nice video and God information, thanks for your insight, keep up the great work my friend!!

@2is1gold Год назад

🤜🤛

@osimos Год назад

Hello 2 is 1, grettings from Germany. I do like watching your videos from time to time. Allow me to ask a couple of questions? 1) Do you americans have to pay VAT when purchasing a precious metal bullion coin or ingot? We do, which makes investing more expensive over here, exept Gold 2) When buying at local shops in your country, do they offer a capsule of your coin or do they just come "naked" as they are? I know its not a big deal for gold, but i really dont like finger prints on the coin. 3) When selling, do you get cash on hand or only payment on bank account? Over here, most deales refuse giving cash on hand, they want to transfer to bank account. 4) I like the gold eagle and the buffalo, but some reason the premiums for these coins here in germany are crazy. Example: Yesterday the asking price for 1oz AGE was 1924 EUR! Thats 2092 US-Dollars! Thanks for sharing your thoughts with me. Stay safe!

@2is1gold Год назад

Hello! 1) We don’t have VAT here on any precious metals. A few states have sales tax, but most do not. 2) Shops rarely send coins in capsules, but they’re easy to find and buy here. 3) A lot of shops will give cash. 4) I wouldn’t pay more for US Mint coins outside the US. I think a lot of mints have nicer coins. Cheers!

@edcampbell310 Год назад

I've stayed away from eagles and buffalo's so far. Silver eagles as well. The premiums are just too much compared to maples and Brits. Maybe I should reconsider... What's the best premium % you look for that says BUY to you?

@edb3877 Год назад

For me, it is 5% in gold and 15% in silver. I have bought above both of those numbers but try to limit those to an acceptable minimum. When premiums get stupid high, I have NO issue with stacking cash until they become sane again. Haven't bought an ASE since 2018. I like them a lot and have a large number of them but also like Maples and have a similar number of them.

@david.9633 3 месяца назад

Thank you for the video and advice.

@MetalBum Год назад

Yeah for liquidity AGE is the way to go. But man I like me some pre 33s and collector coins if priced right.

@2is1gold Год назад

Yeah, I'm with you!

@silverstethoscope65 Год назад

Thanks for the perspective I have never asked at the LCS....he seems to have a little bit of everything

@2is1gold Год назад

Some areas get better variety - secondhand typically. I haven’t run into dealers who actually order anything other than Eagles, Buffalos and Maples. Cheers!

@mysterybuyer3738 Год назад

I make sure I have enough eagles and buffalos for fast liquidity if I need it. Then I have a layer of pre 33. Mostly because I like it and then I have the random stuff just for filler weight. I think each has it's place but you just have to be aware of what you have any why you have it.

@michaels3769 Год назад

Ive got 3 very important questions! 1)Do American gold eagles loose their premium if they become darker over time 2)Will American gold eagles tarnish or just loose their premium if i hold them often with bare hands or if i have them always encapsulated but sunlight hits them 3) Does sunlight damage the premium of an encapsulated 22k or 24k gold coin and a 999 silver coin ???

@2is1gold Год назад

The AGEs will darken a bit over time, not much. It has no affect on price. Silver can tarnish in air and sunlight. I doubt the silver’s value would be impacted either.

@michaels3769 Год назад

The AGeagles will hold their premium even if i dont keep the in capsules but they don't have any scratches, they're just exposed to air ?

@LD_Tush Год назад

I bought the luner III collection. I like them ;) I'm going back and watching all your older videos prior to me finding your page 🤘🏻

@2is1gold Год назад

🤜🤛

@markedfortime Год назад

Really good topic. Aligning on thr most common Sovereigns is the best strategyto maintain liquidity...so, where would you unload rare coins? Fleabay has a lot of risk associated with selling pricy things. Btw...roosters are good for spot...and that's about it. Don't expect a premium..even for being fractional.

@2is1gold Год назад

I would try Instagram first.

@AP-qu2li Год назад

This is why I hesitate when people suggest buying whatever is cheapest and stacking that. I see this the most with silver stacking and I guess if you're going "to the moon" it won't matter, but if you're staying here on earth sometimes it's not so easy to move

@rodgerjohnson3375 Год назад

I haven't made a purchase since the end of July waiting for prices to go down again. 60 days later I became homeless for 3 months thanks to a hurricane. Back home now with spot prices and premiums elevated particularly on AGEs and Buffalos. I guess I'll just have to bite the bullet and pay. The 4 coins you recommend in the video have been my only purchases.

@2is1gold Год назад

Hope things a w going well now!

@Golden.5555 Год назад

Great information

@2is1gold Год назад

🤜🤛

@MelloGee33 Год назад

You want eased liquidity combined with investment value. If you live in America, just stick to Eagles and Buffalos. Screw foreign gold coins and PAMP Suisse bars are not highly sought after either.

@2is1gold Год назад

That’s the best line.

@GregoryIngle Год назад

I still don't understand how folks don't "lose" money buying gold. I want to get into it, but it seems like it never goes up in price and you lose your ass if you ever have to sell. I want to believe it is an inflation hedge, but it just does not seem to have alot of liquidity or utility. Maybe I am just doing it wrong.

@SilverBackELTorro Год назад

Gold is gold. At the end of the day once it doubles those premiums won’t matter. It’s like buying gasoline from mobile station or a Mirabito. Makes no difference. You pay extra for a silly sticker. For beginners is best to stack weight and don’t worry about a stamp.

@itslaterthanyouthink87 Год назад

Nice! You got the high relief, Series 3 Lunar Year of the Rabbit. Very nice, I see your on your path to complete the Perth Mint's Gold lunar series 3 high relief set. Keep up the good work. It's nice to see a change from Eagles and buffalos every now & then

@2is1gold Год назад

It’ll be very difficult to find the first two!

@itslaterthanyouthink87 Год назад

@@2is1gold yeah im missing the first one of series 3 the Rat , but im collecting in the standard Au ,not the high relief, although the high relief would be nice . Best of luck getting the first 2

@arafatbukhari4424 Год назад

Hello 👋 I only buy one type of bar in my country. It's a multinational Gold Bar. The best part is you buy it from them, you also sell it to them. For Example " Today Gold Bars prices 186,000 local currency 💵, they will deduct 2000 and give me for my Gold Bar 184,000 local currency 💵. Not bad, if you sell it after a few months or years, you made heavy profit anyway ☺️.

@2is1gold Год назад

Nice!

@arafatbukhari4424 Год назад

@@2is1gold Waiting for a QA video???????

@jamescathcart4762 Год назад

One ounce gold bars are the only way to go for me. Nice video.

@2is1gold Год назад

Out of curiosity, do you stick to a single brand by default?

@jamescathcart4762 Год назад

@@2is1gold l have learned from my experience that generic bars are cheaper to buy but get better return at my LCS.

@1vrn Год назад

Good review interesting to watch video like this!🙂

@freefruitsandvegies3099 Год назад

Liquidity for everything is going to crash. Only $20 bills and fractional egals will be truly liquid to all dealers…when the depression hits.. even dealers will be short on cash.

@Wookietown Год назад

It's really too bad that more gold isn't as liquid as eagles and buffalos. There are sooooo many cool coins out there. A lot of the "Island Nation" coins minted by Scottsdale are really beautiful, but I don't own any due to their liquidity. So many flowers and fish and frogs and sailing ships..

@ferebeefamily Год назад

I like the reference to Seinfeld. We watched every episode. Thank you for the video. Have a good weekend.

@2is1gold Год назад

You too!

@jacksondarr8040 Год назад

At my LCS, everything that's a modern, government-minted bullion will fetch at least spot. Whether you get spot or spot+something is entirely dependent on market conditions. I've been given spot before, and I've also been given spot+7.5%. It just depends on how badly my guy needs the supply. The same guy also sells old European gold, but I've never tried to sell him any (since I don't own any), so I don't know what he pays for it.

@xpz25nfh Год назад

I love Perth Mint products. The art on their coins I believe is the best in the world and very interesting to look at. Your analysis is correct. Local shops don't really care. if you have it graded and hand them a MS70 or PR70 coin, you might get a bit over spot if the dealer knows s/he has buyers. However, I refuse to buy from the Perth Mint now because of how the Australian government went absolutely batshit and brutalized their citizenry during lockdowns and masking. It was pure Gestapo and terrifying.

@sstrauss6752 Год назад

I noticed you mentioned the old European gold coins right at the end of your video. I have been accumulating them for a while. French, Swiss and Belgian 20 Francs are all readily available. So are Dutch 10 Gulden and British Sovereigns. I know I have to sell them at lower premiums but I am OK with that because I have bought these with premiums as low as 3%. The lowest premium coin I've found is the Austrian 100 Corona 1915 restrike. I guess its odd weight (.9802 oz. troy of pure gold but it is also .900 fine) the premiums have been as low as 2%.

@2is1gold Год назад

I mention them because a) I like them, and b) my local dealers do not. 😄

@dleetr Год назад

Was waiting for the show and tell on this coin. But homie don't play that. At least I got to see it. Thanks.

@2is1gold Год назад

😄

@nick540 Год назад

This is not the same in Canada. In face I recently did a video stating the opposite. Two local shops around me will take 95% for eagles and spot for Maples, Britannias, Buffalos and anything else .999 Gold. Anything under that they give 95% of spot. So interesting how the Gold Eagle in the US is king but not here in Canada.

@2is1gold Год назад

Canada has a tax on 22k bullion. It’s considered “scrap” gold. Eagles don’t make sense there. Cheers!

@nick540 Год назад

@@2is1gold yes. That’s why they don’t take them at spot. I have a few gold eagles because I like them, but for friends or family who want to stack wealth here I don’t recommend eagles. When I watch a lot of RU-vid videos I have to keep in mind the channels from the USA because it’s very different set or rules here.

@tmb93 Год назад

In my area shops want to pay $100-$150 less than spot on an ounce coin it’s ridiculous

@2is1gold Год назад

Damn. JMBullion has a good buy back program.

@tmb93 Год назад

@@2is1gold I’ve always wondered how people get spot price back for gold I have no intention on selling been stacking for a few years now but would be good to know where to move it if needed all shops I’ve asked here are a good bit below spot thanks for content I always watch 👍

@edb3877 Год назад

@@2is1gold I haven't tried it but have heard that SD Bullion also has a good buy back program.

@grizzalo Год назад

My mind is blown. Thanks for your time!

@2is1gold Год назад

Ha!

@loolapalooza6429 Год назад

I am here in Switzerland. I have asked the biggest dealers here regarding the most liquid / easiest to sell coins and they are: (1) Krugerrand, (2) Canadian Maple leaves, (3) American Eagles / Austrian Philharmonics

@loolapalooza6429 Год назад

Premiums for American Eagles are ridiculously high here, so best here is (1) Krugs, (2) Maples, (3) Philharmonics - in this order

@samy7013 Год назад

@@loolapalooza6429 : What about Swiss 20 Franc “Vreneli” gold coins?

@simonLouisiana Год назад

My strategy is different. I buying random coins when is dip, they are always selling and buying around spot price. When is dip, eagles and Buffalo have huge premium. When prices going up and premiums going down, its time for selling random and make extra cash to buy eagles and Buffalo

@rickgeeprofitcoins6794 Год назад

I'm pretty lucky with the LCSs that I use. I generally receive spot price for any of the non U. S. Gold that I sell. From a 1/10 ounce to a full ounce and Government Bullion to Assayed Bars, it's all spot. Knowing this, it's easier to make purchases because I can calculate what I would need spot to do in order for me to sell if there was the need for it or if i just felt like it.

@rickgeeprofitcoins6794 Год назад

Needless to say, it's always a bit over spot price for AGEs or a Gold Buffalo. How much over, that varies.

@2is1gold Год назад

That’s great. Bars for spot is especially nice. Cheers!

@sonoflibertync Год назад

I have more eagles than anything else, but I also keep a mix of Krugerands, maple leafs, and buffalos as well. Those are all easily traded at the local shops in Ohio.

@2is1gold Год назад

I’d say those are the easiest anywhere in the country. Cheers

@rce2553 Год назад

I called SD this morning, talked to Brock , ordered 1 Eag. (Currently 50% off premium on the random year) Also added on a ten ounce Brittanica. That was a compromise I’ve really been wanting a one hundred ounce Brittanica bar since last summer when spot was 17 but they didn’t have that in stock then, now spot is 24 and I can’t afford going that high.

@glenh4971 Год назад

I live outside of the country. Where I live the Big 4 you listed is the top bullion coins. For the retail seller you get fleeced though where I live. They will give you cash. Spot or even less. My seller has told me he would pay me spot for anything I sell to him. This is good because there are buyers that will pay 5% or more below spot. We have few buyers and sellers. The market is below the radar almost like a black market. There are many very rich people in the third world. More than you think. They are opportunists and will buy gold when the price is right. I haven't sold any metals yet. I won't unless my situation at the times forces a sale. For the time being the Big 4 is my go to. I have a little bullion that is not on this list. I hope it wasn't a mistake. In the next couple of years this conversation will be forgotten about and I do believe that gold will be too expensive for me to consider buying any longer anyways. If I lived in the US I would definitely stick to the Big 4 for now.

@coopandcarter Год назад

Most of the metals I’ve ever bought have been from CNI in CA. Never have been able to find any cheaper, but the premiums are so high, just can’t justify it right now. Are the premiums from local coin dealers any better? As I write this their buy is 1930.00 +/-, sell is a 130.00 premium. It used to be 50.00. Has the costs of procuring these coins from the various mints gone up significantly in the last two years?

@2is1gold Год назад

The costs have gone up a little. It’s a factor of crazy demand. I went years at $40-$50 over spot. I think I got too used to that.

@Julianvanderheijden Год назад

In Europe we like Maples the most.

@2is1gold Год назад

Seems like a great choice!

@SilverBritches Год назад

The rabbit is slowly creeping up on appearance for me. I think I will pass on the one ounce and two ounce for the same reasons you laid out in the video. I need to focus on local liquidity coins.

@2is1gold Год назад

It doesn’t make much sense as a one-off. I’m chasing the series. Gotta catch ‘em all!

@480Grains Год назад

I’m only have 1 LCS but when I asked them what they like and pay for. They replied “we buy all gold” usually 5% over spot but I’ve never sold so I a hard to say what they really will do

@2is1gold Год назад

What country?

@480Grains Год назад

@@2is1gold America, I haven’t been in sense the rally but that’s what they said

@mykittenisagrandmaster4381 Год назад

If you're buying coins that have a low mintage and a high premium those could be really hard to resell if you buy things like Gold Eagles Maple Leaves Buffalo Britannia those are not that hard to resell because they don't have a really high premium

@2is1gold Год назад

Yep. How hard do you want to work?

@mykittenisagrandmaster4381 Год назад

@@2is1gold As little as the US Mint works on their products lol

@bsouljah632 Год назад

Great video awesome!

@2is1gold Год назад

Thanks!

@JoshNavySeal1 Год назад

Good start to Friday

@2is1gold Год назад

Have a good one!

@shiropadipto3330 Год назад

In Singapore, the royal arms or the queen's beasts have a premium of 40-60%. I love them but the premium is too high here. Wonder why?

@2is1gold Год назад

Wow, it's a gorgeous 24k coin with limited release. This is the year the Queen passed. I would have been dumb to trade it, but I was curious. Cheers!

@superdutyohv3401 Год назад

When you think the premiums are too high…just remember that some of us live in states that have a precious metals tax (which sucks). My state is over 8% but I justify the premiums by shipping it to our neighbor state with no tax and saving that 8% + every time. Just a 45min drive away to my PO Box😎if you have no state tax you are greatly blessed!

@2is1gold Год назад

That is wild. I don't remember if you're in MN, but that state needs to fix that.

@superdutyohv3401 Год назад

@@2is1gold NM

@jameseverett4144 Год назад

Thanks for your good work. Buy to sell spread and vasilbating g spot seems a bit like counter party risk. Maybe purity is less important than durability if daily commerce returned to real money.

@Logan0o Год назад

i stack gold maples seems to be the happy medium between prem price and also how easy it is to sell back

@jebruinc6411 Год назад

I'm stuck on 24k Buffalo's gold coins

@2is1gold Год назад

Good place to be stuck!

@aronpop1447 Год назад

I have a question, basically in my country, there’s 2 ways of buying gold coins. The bank and online. The bank is more expensive but is the safest, and online im having trust issues, how do I know that its real gold and it will be shipped without problems? Arent you afraid of this when you bought ur gold online?

@northernprep7790 Год назад

Living in Uk ,Britannia's and Sovereign's first choice as cheapest to buy.Saying that I got my first pre owned Buffalo last week at $30 above new Britannia,1oz.Thinking of selling Sovereign's and buying more fractional Britannia's ,although again some decent prices on pre owned 1/2 oz eagles that are tempting.What are your thoughts on buying preowned?They are from reputable dealer.As always great content and insight.

@edb3877 Год назад

I'd be OK with buying pre-owned gold coins from a reputable dealer. I'd want to check the weight, diameter, and thickness and also use a magnet to reduce the possibility of buying a fake coin. That's just good sense, IMO. Not that such simple tests would be conclusive but they would be better than nothing.

@samy7013 Год назад

Buying pre-owned from a trusted dealer is fine, and a few basic tests regarding authenticity should be enough to give you peace of mind. But the more important question is: why on earth would someone living in the UK give up the privileged tax treatment given to Gold Sovereigns and Britannias (VAT and CGT exemption), only to buy some humdrum nondescript run-of-the-mill foreign bullion coins? If you’re going to buy ordinary bullion in the UK, always stick to Gold Sovereigns and Britannias-no exceptions. Anything else you buy-especially if it involves giving up the special tax exemptions of British legal tender gold coins-should be of enough sentimental, curiosity, or other collectible value to you, to justify the difference in the financial hit that you take via the extra taxes upon purchase (VAT) and sale (CGT). I live in the USA, and I can only dream of getting the sort of tax exemptions on bullion purchases and sales that you UK residents get to enjoy on your Gold Sovereigns and Britannias. For you to give that up to buy some ordinary bullion-mintage US Gold Eagles is just plain unjustifiable, if you ask me, especially if the only reason that you’re doing so, is merely some discount in the premium, as opposed to collectibility or sentimental value, which might at least justify taking the tax hit. That’s just how I see things, but I wish you luck, regardless.

@bobturner3388 Год назад

nice video thank you

@fredcarter7003 Год назад

Always silver eagles, if you want a good return

@sirstacksalot991 Год назад

I went to sell for the first time today. One coin shop wouldn't buy anything above 1/4 ounce the other one gave me spot for both of my 1/2 ounce coins. One was the rabbit the other was a philharmonic. I was ok with that because I got a little more than breaking even.

@2is1gold Год назад

Worked out well.

@michaelmccoy2847 Год назад

Great video! Btw, not sure why, but I can’t do any community posts on the members only content. Anyway, have a great day!

@2is1gold Год назад

Huh, that’s weird!

@bullionaddict9164 Год назад

I think the best phrase in this video was , ( once the spell wears off ) very poignant and true. I've had the spell wear off on a few things recently, so I sold them. Cheers 🍾 🍻

@2is1gold Год назад

It happens. Cheers!

@jacksonbilly9979 Год назад

I can honestly say I think the eagles are kinda basic and over rated..I love and absolutely love the britannia. And. I got me a few type 2 of the 2023 on the way from SD should be shipping on the 10th

@DavidJames-ms6rt Год назад

I'll take that Royal Coat of Arms coin at spot off you 2is1. I could get it at 10% less in the US than I can buying it off my local dealer here in the UK. Its a great coin but can never get my head around why I can buy a Britannia that is almost the same at £50 less than the Coat of Arms....please Royal Mint what's with the premium???

@nobody.6451 Год назад

What's buying in Dubai like ?

@michaelbagnall5288 Год назад

I've been realllllly tempted by the rabbit. But I know it'd be an emotional buy or a speculative one to turn a profit down the road and I'm not a speculator or a collector.... I'm a stacker. I think I'm typing this out more to myself than ayone else to remind myself to keep my commodities buying car on the road.

@2is1gold Год назад

Rabbits are kind of an in-between series release to me. Next year is the Year of the Dragon. They'll be more popular than Tigers. So...I think the Rabbits will probably do well because there are dummies like me chasing the whole series, but Dragons will be 🚀

@edb3877 Год назад

@@2is1gold Agree that a proof dragon would be an awesome coin!

@michaelwatt7846 Год назад

I decided to buy into this series in the form of 1/10th oz gold proofs. Started with the Rabbit. Would LOVE to have the Tiger but hard to get and already pricey - the Mouse and Ox are also up in price and hard to get, but I don't care as much about them as the Tiger. I am very eager to get a Dragon and will be watching like a hawk for it to come out.

@silverstormienormie6146 Год назад

Does that hold true for fractionals too? Gold tenths and quarters? I was gonna ask your opinion on that gold quarter war of 1812 coin Silvergoldbull has at a lower premium? It's 9999 minted by Canadian Royal Mint

@2is1gold Год назад

It does. Fractional has higher premiums, so dealers have more room to mark them down, though. I know one of my local shops would happily buy anything like that, but you might not like what he's willing to give you for it. Cheers!