Buying Gold Coins - Everything You Need To Know

Which are the best gold coins to buy? Where is the best place to buy gold coins? How much should you pay? Are fractional gold coins a good buy? This video is a Precious Metals Buyer Guide. Basically, everything I wish I knew when I was starting out. It should give you all you need to know to be able to confidently get started buying gold.

00:00 Introduction
00:56 PART 1: WHAT TO BUY
01:27 1 oz American Gold Eagle
02:26 1 oz American Gold Buffalo
03:54 1 oz Gold Canadian Maple Leaf
04:57 PART 2: HOW MUCH SHOULD YOU PAY?
05:26 Understanding Spot Price
07:13 PART 3: WHERE TO BUY GOLD COINS
10:33 PART 4: WHAT SIZE GOLD COINS TO BUY
10:57 1/10 oz American Gold Eagle
11:48 1/4 oz American Gold Eagle
12:34 1/4 oz Austrian Philharmonic
12:59 PART 5: HOW TO STORE GOLD

The Best Gold to Stack for the Long Game is a specific answer. It's not simply "gold".

HELPFUL VIDEOS

PRODUCT LINKS:
▸ Pelican Micro Case

▸ 32mm Direct-Fit Capsules (Fit 1 oz American Gold Eagles, Gold Buffalos, etc.)

▸ 30mm Direct-Fit Capsules (Fit 1 oz Canadian Maple Leafs)

▸ 27mm Direct-Fit Capsules (Fit 1/2 oz American Gold Eagles, etc.)

▸ 22mm Direct-Fit Capsules (Fit 1/4 oz American Gold Eagles, etc.)

▸ 16mm Direct-Fit Capsules (Fit 1/10 oz American Gold Eagles, etc.)

▸ Theory11 Playing Cards

▸ Field Notes Notebooks

I buy gold and other assets on a dollar cost average schedule and then buy more as price and interest allow. If you want to know more about buying gold coins, that is my primary focus here. I talk a bit about cryptocurrency, mining stocks and other equities as well. Cheers!

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Disclaimers: I am not a financial planner, a CPA or an attorney qualified to give financial advice. I'm just a guy on the internet, talking about precious metals. This is for entertainment only. Who isn't entertained looking at gold coins? If you're looking for financial, tax or legal advice, please seek out a professional. As an Amazon Associate I may earn commissions from qualifying purchases. Any potential compensation I earn will not negatively affect your purchase.

Thank you!

[johnawara]

I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

[wsdmrtst]

I love the speed in which you speak… makes it very clear and comprehensive

[RWAfuture]

Today it's not about return ON capital. Today it is about return OF capital.

[mrmostlyharmless]

Buying gold seems pretty great. You’re able to hard-lock your money into a form that’s got a barrier to selling. This would be good for someone trying to save up a large amount of money… to buy a house. This is a stable metal. Very very nice.

[Manning_Family]

Either you’re great at coming up with interesting topics, or your super-power is making boring topics seem interesting! Either way, well done again, sir.

[BrianSmith-yqys]

It’s very important that you don’t buy from the adds in the back of your aarp magazine

[dameanvil]

0:58 📚 Newcomers to gold investing should focus on government-backed bullion coins like the American Gold Eagle and American Gold Buffalo in the United States.
4:57 💰 Understanding the factors affecting the cost of gold coins, including spot price, premium, and sales tax, is crucial before making a purchase.
7:16 🏢 Safe and reliable places to buy gold coins include local coin shops (LCS) and online bullion dealers, each with its pros and cons.
10:36 ⚖ Consider the pros and cons of different gold coin sizes, from 1 oz to fractional sizes, when making purchasing decisions.
13:02 🔒 Proper storage of gold coins, such as using capsules or tubes and keeping them in a personal safe or safe deposit box, is essential to protect your investment.

[wilmarcia]

“You’ll also see it has a face value of $50 so you can go into a store and buy $50 worth of goods with it, but before you try that let me know, ill buy it from you for $60” 😂😂😂

[gerard]

Very informative and interesting to watch! Just a quick correction, the Kruger Rand pre dates the Maple Leaf as the first and oldest Bullion gold coin first minted in 1967. The Boers surpassed California in world gold production in the 19th century which led the British to invade the independent Boer Republic of the Traansvaal (Paul Kruger was the President of the Traansvaal Republic) where 3 quarters of the worlds gold was mined, and subsequently kickstarted the Boer war of 1899 (bankers war!) "The rest is history" as they say.

[joelscott]

I started grabbing 5 gram bars or so this year. I'm less worried about premium than I am about runaway inflation in current year.

[Eli-qrhc]

Years ago I remember reading video headlines “Buy gold” Well, I’d see the audience ask “ok, but what kind are you talking about?” There were people buying gold Britannia or roosters etc. In the past the channels didn’t get detailed as you did here. Spot on brother

[jasonwilson]

From an investment point of view, The Krugerrand is superior to the Gold Eagle( as well as the other major bullion coins) and I will explain why.
Take $1, 000, 000 and divide it by the ask price for Gold Eagles then do the same for Krugerrands.
Then multiply each by a $5000.00 future price, and assuming you would get spot back if you sold your krugs, and spot +$50 for the Eagles.
With this hypothetical situation, you would be far ahead financially with the Krugerrands, because the extra gold you initially got with them and their lower premium appreciated significantly.
Where as the money allocated towards the Eagles exra premium did not. Kruggerand > Eagle.

[leroyj]

This is quite informative for me, as a first-time prospective buyer. Thank you!

[leonarddobrzyn]

VERY HELPFUL Had no idea that smaller coins end up costing more than 1 oz.

[williamhaugan]

Gold is fun investment, since you actually can see and feel it..

[jus-tinkin]

I been spending a good deal of time on learning about PM (I wonder if you recognize my icon picture yet?). You are by far the easiest to listen to. Definitely my favorite PM channel to watch.

[pmiahky]

Great video! Helping my mom purge her house and get her into assisted living. Her Aunt gave her a stunning gold mint encased set and she has no clue. I’m just learning about these and am going to a local dealer (Cleveland area) to have them graded next week. Many are in impeccable/vibrant condition. Some big time value it appears.

1923-D $20 Double Eagle
1876-S $20 Liberty Head ‘Twenty D’
1932 $10 Indian Head
1914 $5 Indian Head
1912 $2.50 Indian Head
1871 $1 Indian Head
1893 $10
1902 $5
1854 $2.50
1851-O $1
1903 $5

[GoCanucks]

In December 1997, The Financial Times ran an article entitled “The Death of Gold.” Since then, the gold price in US dollars has increased 519% from $288 to $1, 780. Today, after many political events and crises we have evidence of the continuous and in many ways spectacular growth of the gold price. This confluence of many current events is creating a perfect storm for gold to increase dramatically more than we imagined.

[kevinkryspton]

Fun and useful fact for you guys if you sell over $10, 000 in gold in a day make sure they're american gold eagles and you won't need to fill out an IRS form with your transaction therefore it doesn't get reported to the IRS. Nice tip if you want to get the most out of your investment and it is 100% legal.

Great video your description of how things work is pretty "spot" on haha! I work at a coin shop and depending on supply and demand we will usually do $10 over spot for an unscratched/ undamaged 1oz/fractionals etc. coin because we believe in keeping our client base happy and its much cheaper than buying from the whole seller at $50.00 - $60.00 over spot while keeping that wiggle room for profit. Thank you for explaining to the new comers it helps us all!

[ronjordan]

Great information. Very good job of walking newbies through the essentials without the chatter.