1. TGIF for sure, as the metals markets absorbed the early attack and came back strong by end of day. Going into the weekend having very nice gains on the week. Even with the Dollar moving to the up yesterday. Metals showing real nice strength the last few weeks now.
    Dismiss Notice
  2. Need more resources for the Industry Links. Have some guns/ammo, preps, pm dealers, and charts, but need more to make it a go to resource and replace bookmarks. Please send me a conversation with your ideas for others we should add. TIA. Together we will make it a great resource.
    Dismiss Notice
  3. Week of 2/6/16 Closing prices & Chg Over Last Wk---- Gold $1157.7 Up 41.30-- Silver $14.80 Up 56 ct-- Oil $30.89 DOWN 2.73-- USD $97.05 DOWN 2.60-- Based on near term futures contract--- At JMB Current price AGE $1232.39 (1), SAE $18.46 (20)
  4. Please use the following for log on: www.goldismoney2.com We have moved to a new server. Please reset bookmark accordingly
  5. Added Heartland Precious Metals out of OK and LA to the map, Added Texas Precious Metals, and Added Provident Metals.

Who buys fractional gold; should I add this to my payday stacks and why?

Discussion in 'Purchasing Precious Metals' started by Unsustainable, Feb 13, 2011.



  1. Unsustainable

    Unsustainable Seeker

    Joined:
    Apr 16, 2010
    Messages:
    196
    Likes Received:
    82
    Trophy Points:
    28
    I like to purchase some ASE each payday to continue adding to the stacks/tubes/boxes in addition to any cash savings.
    I haven't bought any gold since the last bank cd was converted to tubes of 1 oz AGE's. Nor have I converted any silver to gold (watching the ratio).

    Wealth-wise I'm ~ 70% gold / 30% silver.

    Considering the higher premiums is buying some fractional AGE each payday pissing $ into a hole vs continued purchase of ASE. or maybe get some of both ?

    Fractional AGE are paying more for less, longer speculation to recoup the premium, but it's more affordable on a short term basis despite not being what I consider a "value" for the few $ I have.

    I'm leaning to just continue the ASE payday purchases, continue building the silver savings acct toward the day I convert it to gold.
     
  2. techguy2

    techguy2 Meh Gold Chaser

    Joined:
    Mar 30, 2010
    Messages:
    1,789
    Likes Received:
    1,374
    Trophy Points:
    113
    Why convert to gold? Unless portability is a concern, right now silver has a much higher upside potential imho.

    Also, the $600 reporting rule has not been repealed yet, so there will be less paperwork involved with silver unless this changes.

    I like both, I have been buying all silver lately, but only because I have a really good deal going with some 90% silver supply that I am trying to buy up.

    The fractionals have a crazy premium on them...
     
    keepitlow likes this.
  3. graspAU

    graspAU Seeker Seeker

    Joined:
    Nov 2, 2010
    Messages:
    349
    Likes Received:
    155
    Trophy Points:
    0
    If you watch for some deals, you can get fractionals sometimes at equivalent prices to 1 ounce gold coins. I have seen this happen on apmex (rarely) and at my local dealer. At the local dealer, he charges the same premium on 1oz of gold whether it's a single 1oz coin or any combination of fractionals. Very few people walk in to buy gold from him right now so he just wants to take whatever opportunity he has to keep the inventory rolling over and get the commission.

    I agree with tech guy's logic, but if you have no fractional gold, look for some at a reasonable markup. Buy both silver and gold.
     
  4. chinmusic

    chinmusic Seeker Seeker

    Joined:
    Apr 1, 2010
    Messages:
    122
    Likes Received:
    67
    Trophy Points:
    0
    In a few years time we will look back on these days and wonder why we cared about premiums for Ag or Au or food priced in FRNs. Dump the paper and load up on a basket(s) of many different hard assets.

    And remember, it is growing increasingly more likely that in the coming years converting an ounce of Au into something you need for your day to day living will become more and more restrictive due to the high price of the Au. It will benefit people to have a handful of 1/4 and 1/10 oz. pieces to cash in piecemeal.
     
    Sampson likes this.
  5. elroy

    elroy Silver Member Silver Miner

    Joined:
    Apr 1, 2010
    Messages:
    897
    Likes Received:
    332
    Trophy Points:
    0
    Location:
    Indiana
    I also desire to buy fractionals but the premiums are sky high most of the time.

    Like graspAU stated, rarely Apmex has a good deal. I grabbed some 1/4oz kangaroos from Apmex at $48 over spot per OUNCE. This was around Thanksgiving of '09.

    I haven't seen such a deal since. Though I continually search their inventory just in case something comes available.

    IMHO, tenths at nearly $200 over spot per oz is crazy.
     
  6. breycor

    breycor New Member

    Joined:
    Apr 2, 2010
    Messages:
    40
    Likes Received:
    5
    Trophy Points:
    0
    I disagree. Since the G/S ratio has dropped to around 46 from 65, now is the time to convert to gold.
     
    Rusty Shackelford likes this.
  7. Usc96

    Usc96 Gold Member Gold Chaser

    Joined:
    Oct 25, 2010
    Messages:
    1,670
    Likes Received:
    797
    Trophy Points:
    113
    Location:
    Where the weather is nice.
    If I can pick them up for the same as non fractional (ie. $140 for a 1/10th oz, $1,400 for 1 oz), then I will. I have a place that will do that when they have them. Though I know another place that wants $160 for the same, and I won't buy at that premium. Too bad I lost them all in that boating accident though.
     
  8. Irons

    Irons Deep Sixed Mother Lode

    Joined:
    Mar 30, 2010
    Messages:
    17,534
    Likes Received:
    15,427
    Trophy Points:
    113
    Gender:
    Male
    Foreign fractional gold carries much less of a premium than the more recognized gold like eagles and krugs. All the newbies to the market are driving up premiums on the easy stuff, IMO.

    Krugerrands and suisse bars used to be the cheapest way to get gold fractionals, but no more. Look into them, many sizes are available from Mexico, Switzerland, UK, Netherlands, France, Germany etc at great prices.


    View attachment 6526

    View attachment 6527

    View attachment 6528

    View attachment 6529
     
    Last edited: Feb 13, 2011
    spathatos, Unsustainable and bemac like this.
  9. KGMe

    KGMe Gold Member Gold Chaser

    Joined:
    Oct 8, 2010
    Messages:
    1,470
    Likes Received:
    435
    Trophy Points:
    0
    Agree with Irons. Provident sells 20 Peso coins (.4823 oz) for $16 over SPOT. About $35 an oz premium, plus $12 shipping for one or two coins makes it under $50 an oz premium to your door.

    The 4 Ducats are also one of my favorites, and their about $10 an oz more than the pesos.

    I agree though, tenths are difficult for premiums! At this point, I consider silver my small gold fractional. The smallest I'll buy now are the 10g Pamp Suisse bars at a little under $50 an oz premium (plus shipping).
     
  10. Irons

    Irons Deep Sixed Mother Lode

    Joined:
    Mar 30, 2010
    Messages:
    17,534
    Likes Received:
    15,427
    Trophy Points:
    113
    Gender:
    Male
    My gold guy has a few of the dos peso coins again, I'm going to swing by and grab a couple. Those little fellas grow on you after the first few!
     
    MISRy likes this.
  11. KGMe

    KGMe Gold Member Gold Chaser

    Joined:
    Oct 8, 2010
    Messages:
    1,470
    Likes Received:
    435
    Trophy Points:
    0
    Definitely. To me, Mexican Pesos are about the best deal for twentieth and tenth fractionals you can purchase. I wish I'd discovered them sooner. I've been debating on what gold to add to my payday purchase, and right now I'm leaning towards Pesos. Strangely, they seem to be much more expensive on eBay than through a dealer.
     
  12. MISRy

    MISRy Silver Member Silver Miner

    Joined:
    Apr 1, 2010
    Messages:
    516
    Likes Received:
    185
    Trophy Points:
    43
    They are what I push to noobz. "All you need is 2 and you've got a tenth ounce, five will come along faster than you think, a quarter ounce. In the mean time add twentieths and one, two and/or two and a half gram bars and before you know it you've got an ounce."
     
    Irons likes this.
  13. Irons

    Irons Deep Sixed Mother Lode

    Joined:
    Mar 30, 2010
    Messages:
    17,534
    Likes Received:
    15,427
    Trophy Points:
    113
    Gender:
    Male
    It's all your fault I got into these odd size gold pieces, me and my wallet now Thank You!~:grin10::banana::five::2:
     
    MISRy likes this.
  14. Juristic Person

    Juristic Person They drew first blood Midas Member

    Joined:
    Mar 31, 2010
    Messages:
    4,959
    Likes Received:
    2,677
    Trophy Points:
    113
    What reporting rule? Reporting to who? Is it anyone elses business other than my own?
     
  15. ~BS

    ~BS Gold Member Gold Chaser

    Joined:
    Apr 1, 2010
    Messages:
    2,451
    Likes Received:
    819
    Trophy Points:
    0
    I'll only buy fracs if I'm paying less premium than the going rate. That way, if I have to sell, I won't be getting killed.

    Right now, market value of 1/10 GAEs is probably $150 - $155 (gold at $1360) 14% premium

    I'd probably buy at no higher than $140 - $145 6.6% premium
    --------

    For bars, the most I'll accept is a 1-3% premium.

    Foreign gold, I want to buy at spot.

    -------
    If I cannot find any shops or parties that want to sell at my desired price, then I'm not buying. plain and simple.
     
  16. Rusty Shackelford

    Rusty Shackelford Midas Member Midas Member

    Joined:
    Apr 1, 2010
    Messages:
    5,007
    Likes Received:
    2,919
    Trophy Points:
    113
    Occupation:
    wastewater
    Location:
    Northern most Southern State
    As another poster pointed out a GSR of 45 to 1 seems to be pretty darn good IMO for moving some Ag to Au. Hopes of the 16:1 "historical" ratio should not cloud you decisions.
     
  17. <===Foolsgold

    <===Foolsgold Gold Member Gold Chaser

    Joined:
    Mar 31, 2010
    Messages:
    3,613
    Likes Received:
    3,092
    Trophy Points:
    113
    Location:
    Pennsyltucky
    I likes them cause they're purdy.....
    [​IMG]
     
    CiscoKid, Irons and AGRO like this.
  18. KGMe

    KGMe Gold Member Gold Chaser

    Joined:
    Oct 8, 2010
    Messages:
    1,470
    Likes Received:
    435
    Trophy Points:
    0
    I'm waiting/hoping for about 40:1 myself.
     
  19. ~BS

    ~BS Gold Member Gold Chaser

    Joined:
    Apr 1, 2010
    Messages:
    2,451
    Likes Received:
    819
    Trophy Points:
    0
    I think there's a decent chance that silver will spike up compared to gold. After gold and silver corrected downwards, gold has kinda been sitting in the mid 1300s, while silver has spiked back up to 30. If silver can break through the 30 barrier, it could head higher, at least for the short term.
     
  20. AGRO

    AGRO Seeker Seeker

    Joined:
    Mar 31, 2010
    Messages:
    224
    Likes Received:
    124
    Trophy Points:
    0
    Location:
    New York
    I just wrote a whole detailed post and pressed the space-bar and it disappeared.

    so to sum it up. Yes, I do and it is worth it for the mere fact that you may not want to sell an entire ozt of gold at a time just to take a little profit off the table or buy something else with your
    money like silver or PD which is up almost 100% during the past few years.

    In any case I can add buy BARS. PAMP or Credit suisse, but all in all gold is gold and it all melts the same. I have seen gold buyers cut, throw away and acid test laminated, hologrammed, serial numbered and acid test PAMP suisse bars. so as dingy or ugly as your gold is, if you can get it for less and it is stamped by a known dealer or smelter, you are good 2 go.

    GOLD BARS - fractional 5 Gram bar or 3.1 gram 22k AGE? which do you want for the same price?
     
  21. MISRy

    MISRy Silver Member Silver Miner

    Joined:
    Apr 1, 2010
    Messages:
    516
    Likes Received:
    185
    Trophy Points:
    43
    +1 Already did one stage @ 50:1 and held powder for a 40.
     
  22. KGMe

    KGMe Gold Member Gold Chaser

    Joined:
    Oct 8, 2010
    Messages:
    1,470
    Likes Received:
    435
    Trophy Points:
    0
    The thing I'll be waffling over is whether to try and wait for a 38:1 GSR in order to cover premiums on the exchange and get a true 40:1 trade.

    On a side note, thanks to this stupid thread I just ordered a bunch of dos pesos. I was planning to buy another 4 Duc this payday. Next payday purchase I'm not logging in to GIM2 until I've made my buy!!!!
     
  23. MISRy

    MISRy Silver Member Silver Miner

    Joined:
    Apr 1, 2010
    Messages:
    516
    Likes Received:
    185
    Trophy Points:
    43
    If you wait you'll regret, if you don't wait you'll regret. The only time you don't regret is when your holding metal.

    That drove me crazy the first few times. We discuss dos pesos, I find a deal for dos pesos. We talk about pre-`33, I get a can't pass on pre-`33. I try to downplay silver, I go right out and dip into serious powder for Morgans that weekend. I still haven't figured it out but I've grown comfortable rolling with it. After all, if it's a good thing why fight it?
     
    KGMe likes this.
  24. KGMe

    KGMe Gold Member Gold Chaser

    Joined:
    Oct 8, 2010
    Messages:
    1,470
    Likes Received:
    435
    Trophy Points:
    0
    True, true, true, and true.

    When it comes to PM's I seem to have become an impulse shopper. The good thing about that is I'm not wasting money on crap from China that sits in a closet. The bad thing is I never seem to stick to a plan for PM's. Oh well, as long as the pile grows (regardless of with what), it's all good.
     
  25. pay dirt

    pay dirt Gold Member Gold Chaser

    Joined:
    Apr 1, 2010
    Messages:
    1,039
    Likes Received:
    486
    Trophy Points:
    83
    Dos pesos should be called dos pesitos they are so tiny.
     
    earplugs and Irons like this.
  26. odu

    odu Seeker Seeker

    Joined:
    Feb 13, 2011
    Messages:
    128
    Likes Received:
    74
    Trophy Points:
    0
    Location:
    The Netherlands
     
  27. Irons

    Irons Deep Sixed Mother Lode

    Joined:
    Mar 30, 2010
    Messages:
    17,534
    Likes Received:
    15,427
    Trophy Points:
    113
    Gender:
    Male
     
  28. Irons

    Irons Deep Sixed Mother Lode

    Joined:
    Mar 30, 2010
    Messages:
    17,534
    Likes Received:
    15,427
    Trophy Points:
    113
    Gender:
    Male
    Yep, don't sneeze around 'em.
     
  29. CiscoKid

    CiscoKid They all look good through beer goggles... Gold Chaser

    Joined:
    Nov 30, 2010
    Messages:
    2,632
    Likes Received:
    2,403
    Trophy Points:
    0
    Occupation:
    Engineer / Business owner
    Location:
    Between here and there
    I keep a hardwood box in my basement that I throw my FRNs in until they become sufficient for an oz. of suisse. I do this primarily to cut down on the premiums. However, after reading this thread there may be some fractionals in my future. Thank you Foolsgold for the lovely pictures.
     
    KGMe and <===Foolsgold like this.
  30. SNICKLE 1980

    SNICKLE 1980 Seeker Seeker

    Joined:
    Apr 4, 2010
    Messages:
    392
    Likes Received:
    137
    Trophy Points:
    0
    my goal last year was to fill a tube with 10th eagles. why? because i'm too poor to buy the big ones. but then i looked over and saw those swiss 20 francs. the ones with the little cross on em. for a few extra bucks, i can get .08 more gold in a wider coin and nothing says gold like swiss, right? pamp swiss, credit swiss, coin swiss! i can bang these around and not worry about the premium and i can snag em every month or so instead of waiting. i hate waiting. the only thing that annoys me is the strange weight. i like my weights to be nice and even, but at the end of the day, gold is gold.
     
    Ragnarok, KGMe and Irons like this.
  31. pay dirt

    pay dirt Gold Member Gold Chaser

    Joined:
    Apr 1, 2010
    Messages:
    1,039
    Likes Received:
    486
    Trophy Points:
    83
    Its either pay the premiums to get some nice fracs or in the future have one of these on hand if one doesnt want to spend an ounce all at once.

    [​IMG]




    [/QUOTE]

    Is the demand high in The Netherlands for the old silver 2 and half guilders?
     
  32. odu

    odu Seeker Seeker

    Joined:
    Feb 13, 2011
    Messages:
    128
    Likes Received:
    74
    Trophy Points:
    0
    Location:
    The Netherlands
    They are considered a cheap way of getting silver, as you don't pay VAT on them, or less VAT, at the dealers. They are easy to sell, but don't expect to get much over spot, and less than spot at a dealer, unless they are from a low-mintage year or pre-'50s. https://www.tov-hazel.com/nederlands-muntzilver sells them for about $1010 per kilo of pure silver content, that's about $31.40 per ounce of pure silver. They say they will sell them in quantity at 3% over spot, they buy at 6% under spot.
     
    pay dirt likes this.
  33. Irons

    Irons Deep Sixed Mother Lode

    Joined:
    Mar 30, 2010
    Messages:
    17,534
    Likes Received:
    15,427
    Trophy Points:
    113
    Gender:
    Male
    I love that pic!!~:2:
     
    <===Foolsgold likes this.
  34. Silver Buck

    Silver Buck Gold Member Gold Chaser

    Joined:
    Oct 22, 2010
    Messages:
    2,351
    Likes Received:
    1,506
    Trophy Points:
    0
    Occupation:
    Gin Bottler
    Location:
    Western Shores of Lake Erie
    When I have some spare FRNs, I go to my pusher to see if there are any Prospectors, Maples, Libertads, Kooks, or blemished SAEs at generic spot. Lacking those, I'll ask for any foreign fractionals that they may have and can usually get them at melt.

    So basically:

    Silver rounds for investment.
    Foreign Gold for fun.

    As far as 'trading up', the GSR is below 45, and I am still hesitant to trade. My original plan was to pull the trigger at 50, but I completely ignored that. Then it was 45. Again, don't feel the urge to pull the trigger and trade away some of my generic rounds for Gold. If it hits 40, I'll probably get some generic rounds ready for trade and as soon as I feel the GSR is headed back, I'll pull the trigger just to cycle out the generic rounds and go for some fractional Gold.
     
  35. pay dirt

    pay dirt Gold Member Gold Chaser

    Joined:
    Apr 1, 2010
    Messages:
    1,039
    Likes Received:
    486
    Trophy Points:
    83
    Basically like junk silver in Canada and US. Are there any numi dates? Found a Dutch 1941 25cent almost uncirculated cent and a 1928 25 cent. Makes sense they dont tax the old currency, same way in parts of the US.
     
  36. KGMe

    KGMe Gold Member Gold Chaser

    Joined:
    Oct 8, 2010
    Messages:
    1,470
    Likes Received:
    435
    Trophy Points:
    0
    My original plan was 45. Still cringing as I quietly root for 40. Got a load of ugly 1 oz bars I'd like to dump. If it hits 41 or 42, I doubt I'll actually wait for 40.
     
  37. odu

    odu Seeker Seeker

    Joined:
    Feb 13, 2011
    Messages:
    128
    Likes Received:
    74
    Trophy Points:
    0
    Location:
    The Netherlands
    If you were to buy those at a dealer in The Netherlands, about $5-$30 for the 1928, depending on the quality. The 1941 one could be the normal version, the version struck in the USA or even a zinc one (yes, zinc, German occupation was a btch). Price depends on that. I'm not enough of an expert to tell.
     
  38. pay dirt

    pay dirt Gold Member Gold Chaser

    Joined:
    Apr 1, 2010
    Messages:
    1,039
    Likes Received:
    486
    Trophy Points:
    83
    Maybe need to start a new thread on Guilders sort of hijacking this one. The 41 25 cent looks identical to the 1928 one. Read about the occupation and seen pics of the zinc one. Figured the 41 silver must have been made right before the occupation. Didnt know they made them in USA, thats interesting. Its quite possible that this coin may have never even been in the Netherlands.
     
  39. catbox_9

    catbox_9 New Member

    Joined:
    May 13, 2010
    Messages:
    11
    Likes Received:
    6
    Trophy Points:
    0

    As I'm a student and just as poor, my goal is also to fill a tube with those coins. At the same time I keep finding myself buying foreign gold since the premiums are better.
     
  40. odu

    odu Seeker Seeker

    Joined:
    Feb 13, 2011
    Messages:
    128
    Likes Received:
    74
    Trophy Points:
    0
    Location:
    The Netherlands
    Some were struck in the USA for use in the colonies. You can tell by looking at the privy marks on the reverse side under the year. If it has a bunch of grapes and a staff of Aesculapius it was struck in The Netherlands, if it has a palm tree and the letter P it was struck in the USA, the latter being much rarer, it can fetch up to about $50 if it is FDC/UNC.
     

Share This Page