Hi Chris, coins and bars are often very close in price. At the moment you can buy common #gold bullion coins such as the Krugerrand or Vienna Philharmonic at low prices/close to the gold price. Dealers have bought a lot of goods from customers with the rising gold price. Stocks are correspondingly well filled.
Work out how much 1g of the product costs. Then you will get a feel for it.
If you decide to buy bars, make sure that you buy certified bars (Valcambi, Heraeus, etc.). You won't have to reckon with price reductions if you sell again at some point.
Personally, I would opt for coins. I like the motifs. You can't go far wrong with a Krugerrand, Philharmonic or Maple Leaf. If you prefer classics, take a look at 20Sfr Vrenelis. These are also common.
There are plenty of dealers
Work out how much 1g of the product costs. Then you will get a feel for it.
If you decide to buy bars, make sure that you buy certified bars (Valcambi, Heraeus, etc.). You won't have to reckon with price reductions if you sell again at some point.
Personally, I would opt for coins. I like the motifs. You can't go far wrong with a Krugerrand, Philharmonic or Maple Leaf. If you prefer classics, take a look at 20Sfr Vrenelis. These are also common.
There are plenty of dealers
•
11
•
@philoro1 Thank you for your answer. As far as I have seen, there is currently a 3-6% premium on coins. Does it make a difference later when selling whether I have bars or coins or do I simply get the gold price for both?
••
@Psychedelic_Sunflower The premium depends on the denomination of the coin. As a rule, the smaller the coin, the higher the premium. For 1/2 oz and 1/4 oz coins, it is currently the 3-6% you mentioned.
For 1oz you can currently get standard coins with a premium of approx. 1.5%.
When selling, it usually depends on the condition of the coins. Heavy scratches, red spots etc. reduce the value.
Dealers sometimes mark down the value of bars if the blister is damaged. However, this should not be the standard.
Depending on the market situation, you will normally get the gold price. At the moment, dealers are buying a lot of goods. That is why they are currently paying -1 to -3 %. This will change when demand picks up again. Then the purchase prices are more likely to return to the gold price (spot).
For 1oz you can currently get standard coins with a premium of approx. 1.5%.
When selling, it usually depends on the condition of the coins. Heavy scratches, red spots etc. reduce the value.
Dealers sometimes mark down the value of bars if the blister is damaged. However, this should not be the standard.
Depending on the market situation, you will normally get the gold price. At the moment, dealers are buying a lot of goods. That is why they are currently paying -1 to -3 %. This will change when demand picks up again. Then the purchase prices are more likely to return to the gold price (spot).
••