4 ms·

1 oz gold spot is $1210 per ounce [1] 1 oz American Eagle coin direct from the mint? $1,490 [2] That's a 23% "transaction fee". You'll get much much lower buy

• dragontamer 8y ago
  You certainly don't buy gold coins directly from the mint. You buy them at only a bit higher than spot price from 3rd party distributors. For example: https://www.apmex.com/product/1/1-oz-gold-american-eagle-bu-random-year https://www.apmex.com/product/1/1-oz-gold-american-eagle-bu-... American Eagle coins have a slight premium, due to their guarentee by the USA Mint itself. If you don't care about serial numbers and want to just have bullion, you can buy other gold coins. But American Eagles are great because they are enforced by the powers of the US Government itself. So you get a bit of security (and therefore, the price of the coin is slightly higher compared to gold). But not much higher. Really, it isn't. Checkout 3rd party sites like apmex or your local gold shop if you don't believe me.
• hakfoo 8y ago
  The Gold Eagles sold direct to consumers by the mint are either "proofs" -- struck with a special finish, or a special minting targeted towards collectors. You're paying a premium for the "W" mint-mark and fancy box. They also make a non-collector version and sell them to bullion dealers, who then mark them up modestly for retail. To get access to them direct, you're probably buying hundreds of coins at a time.