amc rulz
Forum Supporter
Fractional gold pieces almost always command high premiums over spot price, smaller the coin, higher the premium. That’s why I like the large coins like the gold 50 Peso, 1.2 oz. gold with low premium over spot. I believe the best deals are sovereign gold pieces.Gold coins have really gone crazy in price. I budgeted about $150.00 for a coin, but had to up that to $200.00 to actually buy one. I too was considering some silver, but I hated to break tradition.
I consider .9999 Canadian maples a nice 24k gold coin with low premium.
Premium on a 1/10 oz. is 12%
Premium on a 1 oz. is only 4%
Btw, I have two quart jars full of clad, one is full of pennies. I don’t dig a lot of it, but that’s about three or four years worth.