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Invisibleteknix
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American Golden Eagle
    #13983380 - 02/18/11 08:05 AM (12 years, 11 months ago)

Is it just me or does this look bronze compared to the finer ones?

Eagle


Maple .9999



Maple .99999




I dare say that they are cutting the metal!


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InvisibleDieCommie

Registered: 12/11/03
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Re: American Golden Eagle [Re: teknix]
    #13983409 - 02/18/11 08:17 AM (12 years, 11 months ago)

If you dont trust the govt. to issue your currency, why would you trust them to truthfully mint your coins?


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OfflineDave Bowman
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Re: American Golden Eagle [Re: teknix]
    #13983411 - 02/18/11 08:18 AM (12 years, 11 months ago)

Most likely cutting it...


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Offlinelasttime
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Re: American Golden Eagle [Re: Dave Bowman]
    #13983547 - 02/18/11 09:02 AM (12 years, 11 months ago)

it has silver and copper in it as well. conspiracy solved with 5 seconds of google :rolleyes:


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InvisibleAsante
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Re: American Golden Eagle [Re: teknix]
    #13983717 - 02/18/11 09:46 AM (12 years, 11 months ago)

Copper makes a really good alloy with gold, thats why they put it in. Krugerrands are alloyed with more copper, and as such they appear clearly different from 9999 gold:



Krugs are made with durability in mind, they dont scratch easy whereas you can press a dent in a 9999 Gold Maple with your thumbnail. (obviously try that with solder or lead and not a maple as you'd damage the coin)

Gold alloyed with little copper = "red gold"
Gold alloyed with much silver = "white gold"

My preference is krugs as you have to be clumsy to damage them during handling, its the worlds most established bullion coin and it *should* come at a lower premium than maples.


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Invisibleteknix
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Re: American Golden Eagle [Re: Asante]
    #14040683 - 02/28/11 08:17 AM (12 years, 10 months ago)

Quote:

Wiccan_Seeker said:
Copper makes a really good alloy with gold, thats why they put it in. Krugerrands are alloyed with more copper, and as such they appear clearly different from 9999 gold:



Krugs are made with durability in mind, they dont scratch easy whereas you can press a dent in a 9999 Gold Maple with your thumbnail. (obviously try that with solder or lead and not a maple as you'd damage the coin)

Gold alloyed with little copper = "red gold"
Gold alloyed with much silver = "white gold"

My preference is krugs as you have to be clumsy to damage them during handling, its the worlds most established bullion coin and it *should* come at a lower premium than maples.




Yah, but your not really getting your money's worth, imo.

Considering that they are priced really close together.


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InvisibleDieCommie

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Re: American Golden Eagle [Re: teknix]
    #14040824 - 02/28/11 09:01 AM (12 years, 10 months ago)

Have you bothered calculating out the actual value difference?  Now compare that to the premium that you are paying for any govt. minted gold coin.


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Invisibleteknix
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Re: American Golden Eagle [Re: DieCommie]
    #14041041 - 02/28/11 10:25 AM (12 years, 10 months ago)

Its roughly 50$ from a 1 ounce coin.

I'm not sure of the difference, but purer gold is more gold for the same price?

Here is from APMEX

2011 1 oz Gold Canadian Maple Leaf - $1,465.29 

2011 1 oz Gold South African Krugerrand - $1,470.29

2011 1 oz Gold American Eagle - 1,477.29

Bullion Direct

American Eagle Gold Coin (1.000 oz.)  $1,480.57

Canadian Maple Gold Coin (1.000 oz.)  $1,461.43

S. African Krugerrand Gold Coin (1.000 oz.)  $1,458.43

These figures are with the spot price of $1413.43


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InvisibleDieCommie

Registered: 12/11/03
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Re: American Golden Eagle [Re: teknix]
    #14041438 - 02/28/11 11:54 AM (12 years, 10 months ago)

Quote:

Its roughly 50$ from a 1 ounce coin.




hmm.... how did you get that?


Using $1500/oz for ease...

I get that .999 coins have -> .999*$1500 = $1498.50
.9999 coins have -> .9999*$1500 = $1499.85

That is a difference of $1.35

For the even purer coins, .99999 ->  .99999 * $1500 = 1499.985

That is a difference of $1.485 from .999 and a difference of $0.135 from .9999.


That is a negligible difference I think.  And considering that the less pure coin is substantially more durable, I think I would prefer the .999.  In any case, the spreads you see on those coins are due to people's perceptions not the gold value as you can see.  This is why I prefer rounds rather than govt. issued coins.  Govt. issued coins have a little of that 'fiat' value in them, why pay for that if you are buying bullion?


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Invisibleteknix
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Re: American Golden Eagle [Re: DieCommie]
    #14041554 - 02/28/11 12:14 PM (12 years, 10 months ago)

I couldn't figure that part because I wasn't sure of the purity.

^.^


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InvisibleAsante
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Re: American Golden Eagle [Re: DieCommie]
    #14042368 - 02/28/11 02:07 PM (12 years, 10 months ago)

Theres no difference, each coin is 1 troy ounce. The 999/9999 nombers just reflect the purity of the metal. If you put a 999 coin and a 9999 coin on a miligram scale you'd find the 999 coin is heavier, as they use more of a less pure alloy.

If the alloy was 500 the coin would weigh 2 troy ounce.

If you get 1 troy ounce of silver in American junk silver of 90% purity, you'd get 11 ounces, as the purity is 900.

There is of course a cutoff point beyond which something, if its within the tolerances is considered an unit of weight, but the 999 reflects purity of the metal, not quantity. This cutoff is usualy set by law and independent of the purity of the alloy. If its required to be an ounce of pure gold its going to be an ounce within the tolerance set in the definition of an ounce.


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Edited by Asante (02/28/11 02:12 PM)


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Invisibleteknix
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Re: American Golden Eagle [Re: Asante]
    #14042735 - 02/28/11 02:49 PM (12 years, 10 months ago)

Very informative. Thanks!

Tolerances makes me reminisce electronics. +5/-5 haha.

It's funny how we are in the technology age and silver is still keeping the ratio's of the recent past when it is the most conductive and thermally conductive element.

It's about where it was in 99'




Edited by teknix (02/28/11 03:43 PM)


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Offlinehumawebdesign
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Re: American Golden Eagle [Re: teknix]
    #14112908 - 03/13/11 03:21 AM (12 years, 10 months ago)

Its all the matter of cost, nothing else. Don't take it otherwise.


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