ingram4868 Posted May 1, 2013 Report Share Posted May 1, 2013 For those of you that buy gold coins from the US Mint, have the coins always been 91.6 % gold? I have been buying silver bars for years and the mint silver products are 99.9 % pure silver. I thought I would look at the gold coins today and I see that they are asking for a $500.00 markup over the spot price of 1 ounce and the purity is only 91.6% gold, 3% silver and the balance is copper. The Canadian Maple Leafs seem to still be 99.9 gold. I get the feeling that the US Mint is ripping us off. Say it ain't so. Link to comment Share on other sites More sharing options...
07gt500conv Posted May 1, 2013 Report Share Posted May 1, 2013 Our government ripping us off??? NEVER Link to comment Share on other sites More sharing options...
ilmor Posted May 1, 2013 Report Share Posted May 1, 2013 For those of you that buy gold coins from the US Mint, have the coins always been 91.6 % gold? I have been buying silver bars for years and the mint silver products are 99.9 % pure silver. I thought I would look at the gold coins today and I see that they are asking for a $500.00 markup over the spot price of 1 ounce and the purity is only 91.6% gold, 3% silver and the balance is copper. The Canadian Maple Leafs seem to still be 99.9 gold. I get the feeling that the US Mint is ripping us off. Say it ain't so. Go to Wikipedia.org and search for American Gold Eagle. If I'm reading correctly, they've been 91.6, or 22 karat, for a long time. In fact, at one time they were a little less. Buyer beware, as always. Link to comment Share on other sites More sharing options...
Dan Espejo Posted May 1, 2013 Report Share Posted May 1, 2013 Try Apmex.com web site. U.S. mint gold buffalo coins are 24K .9999 fine and only $87 over spot. Comes out to $1550 per ounce. Link to comment Share on other sites More sharing options...
WJinLV Posted May 1, 2013 Report Share Posted May 1, 2013 Im a collector. American gold eagles have always been 22kt. Gold Buffalo coins are as close to pure gold as the US mint creates. Ive used apmex. meritgold.com is cheaper but the cheapest Ive found is https://www.texmetals.com/ Link to comment Share on other sites More sharing options...
IngotSilverSnake Posted May 1, 2013 Report Share Posted May 1, 2013 Check out the following link. Gives the fineness of some of the prominent sources of gold available. http://www.sarasotacoin.com/BULLION-_ep_41.html Link to comment Share on other sites More sharing options...
springer Posted May 2, 2013 Report Share Posted May 2, 2013 The mint is ripping anyone off. While the gold content is not as pure in the eagles, it still contains one ounce of gold!!!!!!!!!! Gold weight is measured in troy ounces not regular ounces (avoirdupois). The buffaloes are more pure than the eagles, but they both contain one troy ounce of gold. Eagles weigh more than one ounce buffalo gold coins. Gold Eagle weight = 1.09714286 troy ounces Gold Buffalo weight = 1 troy ounce A one troy ounce gold eagle contains 2.75 grams more gold than a regular ounce (avoirdupois). Link to comment Share on other sites More sharing options...
MY500SS Posted May 3, 2013 Report Share Posted May 3, 2013 Some great info here.................Been thinking of putting away some "hard" currency and this helps. Thanks everyone. Link to comment Share on other sites More sharing options...
JeffJ Posted May 3, 2013 Report Share Posted May 3, 2013 Has anyone been able to buy any physical silver lately for anything close to current commodity price? Only physical silver seems to be around $31-35+ oz. Market is $23. market drives me crazy. Absolutely no reason Silver should not be at least $50 oz. It's in short supply, it's an actual used commodity in electronics, solar, and other items which cannot be reclaimed. I'm not sure I'll ever be able to grasp the silver market. The price is being driven down, but only on paper. You cannot actually buy phisical near market price, if you can, it's in very short supply and you'll be waiting............ Link to comment Share on other sites More sharing options...
doogie65 Posted May 3, 2013 Report Share Posted May 3, 2013 Has anyone been able to buy any physical silver lately for anything close to current commodity price? Only physical silver seems to be around $31-35+ oz. Market is $23. market drives me crazy. Absolutely no reason Silver should not be at least $50 oz. It's in short supply, it's an actual used commodity in electronics, solar, and other items which cannot be reclaimed. I'm not sure I'll ever be able to grasp the silver market. The price is being driven down, but only on paper. You cannot actually buy phisical near market price, if you can, it's in very short supply and you'll be waiting............ I just started buying precious metals last year and made several silver purchases through Apmex... they always are within a couple dollars of market price for their branded bars. As an example, they currently have 10 oz bars for $27/oz with available stocking. I am of the same opinion about the current pricing and plan to continue building my stash while the prices stay in the current range. Link to comment Share on other sites More sharing options...
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