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- - Fractional Gold coins 1/10 ounce and etc. (http://goldismoney.info/forums/showthread.php?t=303724)

SilverSalmon | 09-20-2008 02:02 PM
Fractional Gold coins 1/10 ounce and etc. Anyone buying fractional gold coins, especially the small stuff, especially the 1/10, 1/20, 1/4 and 1/2 ? I bought some recently, although you can get a bigger bang for your buck, I like that it's easily tradable ( I Hope) in a SHTF scenario. The 1 ounce coins are nice, but how you you trade with it if you had to do so? What are your thoughts? Oh, this thread useless without pics? ;-) Just joking I would like to see a few though, if ya gotta ema nd don't mind showing em. I don't have pics at the moment. Shipment on the way.

SilverRanger | 09-20-2008 02:11 PM
Re: Fractional Gold coins 1/10 ounce and etc. Yeah, I have a couple 1/10s maples and other pieces. I don't have the kinds of money to be laying out for an ounce at a time.

SilverSalmon | 09-20-2008 02:13 PM
Re: Fractional Gold coins 1/10 ounce and etc. Quote:
Originally Posted by SilverRanger (Post 1302751) Yeah, I have a couple 1/10s maples and other pieces. I don't have the kinds of money to be laying out for an ounce at a time.
yeah i feel your pain

HistoryStudent | 09-20-2008 03:11 PM
Re: Fractional Gold coins 1/10 ounce and etc. Great way to buy - one-at-a-time. 50 silver ounces to each ounce of gold. Like the PROs do. I see that SILVER will rise to cover those SUPER HOLES all the way up to around $18.50 on the last way down. They call 'em TO BE RE-FILLED "G A P S." http://futures.tradingcharts.com/chart/SV/98 ps buy now tremendously on sale IF YOU CAN FIND 'EM! :applause_:applause_:applause_

foolsgold | 09-20-2008 03:25 PM
Re: Fractional Gold coins 1/10 ounce and etc. Get em' halves, quarters and tenths. http://goldismoney.info/forums/pictu...&pictureid=215 http://goldismoney.info/forums/pictu...&pictureid=214

Saul Mine | 09-20-2008 06:32 PM
Re: Fractional Gold coins 1/10 ounce and etc. I have many different sizes just because they were near spot at the time. I know little coins have a higher premium, but I refuse to pay over 10%. The twits on Ebay were paying $1000 to $1100 per ounce for 1/10 oz coins even while spot went down to $750 (and Ebay prices for a full ounce went down to $850). That's insane!

Maddie | 09-20-2008 07:10 PM
Re: Fractional Gold coins 1/10 ounce and etc. Yeah, I buy mostly fractionals. I don't have the sort of income that supports buying by the ounce very often.

Portmanteau | 09-20-2008 07:11 PM
Re: Fractional Gold coins 1/10 ounce and etc. I love the appearance and feel of one ouncers, but baby GAEs (1/10th ounce) are just perfect for trading. :D

Talah | 09-20-2008 07:26 PM
Re: Fractional Gold coins 1/10 ounce and etc. I have been debating buying fractional for sometime now but it just doesn't seem like a sound investment from a strictly gain position rather than a TSHTF scenario. Correct me if I'm wrong but here is how I see it: I can go to APMEX right now and buy a 1/10oz gold eagle for $98.88, I will neglect shipping charges in this argument. With spot at $872.80 that's a premium of $11.60 which doesn't seem like a big deal but this is a 1/10oz coin. So for me to sell it and break even Spot would have to be at $988.80 assuming I can get spot and not less for it. That's an increase in $116 which is obviously more than possible. Anything over $116 and now I have made profit. On the other hand if I buy a 1oz gold eagle from APMEX for $917.95 with spot being at $872.80 my premium is only $45.15. So now for me to break even spot only has to be at $917.95 an increase of $45.15 which if we watched the prices last week we know can happen in 1 day. Anything over that and i'm looking at profit. If spot moves up $116 as in example 1, then I am now sitting on $70.85 profit. Am I missing something here or should the only reason I should buy fractionals be because I can't afford 1ounces and I believe that gold will by close to $2000 so my premium means nothing now? Or should I save my money or buy silver and only when I can afford a 1oz piece to purchase/trade for that gold piece? Sorry if this was a long post but I've been pondering this decision for some time and would love any insight.

tampa78 | 09-20-2008 07:29 PM
Re: Fractional Gold coins 1/10 ounce and etc. You are doing the right thing... People buy fractionals due to financial reasons or they believe that we will be trading them for bread and gas one day. I don't believe we will be buying bread with them so I get 1 ouncers too. Unless, I can find fractionals for just a little over spot. Apmex has them pop up all the time

RatHoler | 09-20-2008 07:34 PM
Re: Fractional Gold coins 1/10 ounce and etc. Quote:
Originally Posted by Talah (Post 1303178) Am I missing something here or should the only reason I should buy fractionals be because I can't afford 1ounces and I believe that gold will by close to $2000 so my premium means nothing now?
Yes, I know many around here say start small and love the fractionals, but IMO, the premium is very high. I own some 1/10 Eagles, but I think it is wiser to save until you can afford a full ounce. I look forward to having the problem of selling 1 ouncers when gold skyrockets.

silverwood | 09-20-2008 07:38 PM
Re: Fractional Gold coins 1/10 ounce and etc. Quote:
Originally Posted by Talah (Post 1303178) I have been debating buying fractional for sometime now but it just doesn't seem like a sound investment from a strictly gain position rather than a TSHTF scenario. Correct me if I'm wrong but here is how I see it: I can go to APMEX right now and buy a 1/10oz gold eagle for $98.88, I will neglect shipping charges in this argument. With spot at $872.80 that's a premium of $11.60 which doesn't seem like a big deal but this is a 1/10oz coin. So for me to sell it and break even Spot would have to be at $988.80 assuming I can get spot and not less for it. That's an increase in $116 which is obviously more than possible. Anything over $116 and now I have made profit. On the other hand if I buy a 1oz gold eagle from APMEX for $917.95 with spot being at $872.80 my premium is only $45.15. So now for me to break even spot only has to be at $917.95 an increase of $45.15 which if we watched the prices last week we know can happen in 1 day. Anything over that and i'm looking at profit. If spot moves up $116 as in example 1, then I am now sitting on $70.85 profit. Am I missing something here or should the only reason I should buy fractionals be because I can't afford 1ounces and I believe that gold will by close to $2000 so my premium means nothing now? Or should I save my money or buy silver and only when I can afford a 1oz piece to purchase/trade for that gold piece? Sorry if this was a long post but I've been pondering this decision for some time and would love any insight.
Correct me if I'm wrong but the smaller denominations should carry a higher buy back premium than the 1 ounce GAEs. Just follow some auctions on ebay to confirm that or call apmex for their buy/sell spread. Right now, IMO silver is the better buy as the gold/silver ratio, @ 69.44 is favoring silver. So unless you are way overweight in silver I'd purchase it 1st.:smokin:

Talah | 09-20-2008 07:39 PM
Re: Fractional Gold coins 1/10 ounce and etc. Quote:
Originally Posted by RatHoler (Post 1303189) Yes, I know many around here say start small and love the fractionals, but IMO, the premium is very high. I own some 1/10 Eagles, but I think it is wiser to save until you can afford a full ounce. I look forward to having the problem of selling 1 ouncers when gold skyrockets.
There's always eBay :bear_tongue:

foolsgold | 09-20-2008 08:17 PM
Re: Fractional Gold coins 1/10 ounce and etc. When I bought mine my local dealer was selling them for the same price as ounce GAE's. It seamed like a no brainer.

tanner12oz | 09-20-2008 08:45 PM
Re: Fractional Gold coins 1/10 ounce and etc. i have a few..... you are able to get the premium back if you sell to an individual and not a dealer or refiner

latemetal | 09-20-2008 09:07 PM
Re: Fractional Gold coins 1/10 ounce and etc. Don't overlook foreign coins like Sovereigns, half Sovereigns, 20 Franc, 10 Franc, and my personal favorite, Mexican Peso gold coins. There are plenty of gold coins that don't have a premium that fractional coins have, buy them instead.:bull-buddy-icon:

SilverSalmon | 09-20-2008 10:09 PM
Re: Fractional Gold coins 1/10 ounce and etc. Thanks for all the good advice. I ordered from Apmex, and was wondering if it was a good buy. Just for the hell of it, I also bought a 1/20 ounce, I never saw that before, got it just for the novelty.

SilverSalmon | 09-20-2008 10:11 PM
Re: Fractional Gold coins 1/10 ounce and etc. Quote:
Originally Posted by latemetal (Post 1303274) Don't overlook foreign coins like Sovereigns, half Sovereigns, 20 Franc, 10 Franc, and my personal favorite, Mexican Peso gold coins. There are plenty of gold coins that don't have a premium that fractional coins have, buy them instead.:bull-buddy-icon:
I think you're right! Gonna look into the French Francs and etc. The Money Changer, Franklin Sanders advises exactly the same. Thanks, good post, I appreciate the advice.

Tron | 09-21-2008 12:31 AM
Re: Fractional Gold coins 1/10 ounce and etc. In a purely SHTF scenario where gold has appreciated in value considerably, a one ounce gold coin is sort of like a 1 million dollar bill. You're either going to buy a big ticket item, or you're going to get a lot of change back. Silver and/or fractional gold coins would be more practical to trade for most items in my opinion.

AZLiberty | 09-21-2008 01:54 AM
Re: Fractional Gold coins 1/10 ounce and etc. I picked up a 1/10 oz Krug last time I went to the local bullion shop. I'd planned on buying silver, but he was completely out.

californiajeff | 09-21-2008 04:11 AM
Re: Fractional Gold coins 1/10 ounce and etc. In my research, I have found that the optimal size to own for Gold is 1/4 ounce. Gold of that value is easier to unload and use in commerce.

argentos | 09-21-2008 09:51 PM
Re: Fractional Gold coins 1/10 ounce and etc. Quote:
Originally Posted by californiajeff (Post 1303694) In my research, I have found that the optimal size to own for Gold is 1/4 ounce. Gold of that value is easier to unload and use in commerce.
Sovereigns are 0.235ozt, which is not far short of a quarter ozt. However, when they were used as currency, most stayed under mattresses because they were too high value (say $200 today's prices) for day-to-day transactions, which were done in silver. I have some 1ozt gold coins, but if TS really HsTF I don't think they will be readily tradeable. English shops are very reluctant to take �50 (say $90) notes now because of forgeries. I don't know what peeps will think of �500 coins.

louisianagold | 09-21-2008 09:58 PM
Re: Fractional Gold coins 1/10 ounce and etc. BD has 1/10 gold maples for 94.99 right now. On their nucleo. I just bought 5. They are around $100 on their catalogue. Apmex has them for around $100 right now also.

Buddha | 09-21-2008 09:59 PM
Re: Fractional Gold coins 1/10 ounce and etc. Ducats (spelling?) are good too. Found some .11 oz for little over spot a while ago.

dimitri | 09-21-2008 10:16 PM
Re: Fractional Gold coins 1/10 ounce and etc. Quote:
Originally Posted by Buddha (Post 1305209) Ducats (spelling?) are good too. Found some .11 oz for little over spot a while ago.
Tried to find some 1 & 4 Ducats this weekend, but there were none around - picked up some Sovereigns instead.

tampa78 | 09-21-2008 10:19 PM
Re: Fractional Gold coins 1/10 ounce and etc. how do the fees work on BD nucleo? I read it a few times but was hoping someone could explain it quickly. Thanks

j-son | 09-21-2008 10:50 PM
Re: Fractional Gold coins 1/10 ounce and etc. Quote:
Originally Posted by tampa78 (Post 1305233) how do the fees work on BD nucleo? I read it a few times but was hoping someone could explain it quickly. Thanks
1% added to the prices they list. if you sell they take 1% if you buy you add 1%

tampa78 | 09-21-2008 11:03 PM
Re: Fractional Gold coins 1/10 ounce and etc. ahhh. Thanks!

Anthony | 09-21-2008 11:03 PM
Re: Fractional Gold coins 1/10 ounce and etc. I was getting the same grief when I was buying my roosters a few years ago at 85 -95 dollars each. Why pay 1.50 premium? I was a fool. Find them close to that now. The fractional premium follows through to the point it does not matter. If you can buy it, buy it. The premium is irrelevant of you hold it long enough. I am a fool. But my pocket jungles a bit.

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