It says its smaller than a dime in diameter. Dime: 18 mm 1/10 oz gold eagle: 16 mm Is this true? does anyone have pics of this coin being compared to another one?
First off, What says it is this size? From the Red Book: Dime: 17.9 mm diameter AGE $5 (1/10th oz. gold coin): 16.5 mm diameter
Here is a video of a 1/10 next to a finger. Just ignore the sales pich ...ROFLMAO. http://www.youtube.com/watch?v=9ooahZp2vyQ Coin on a finger: http://cgi.ebay.com/1-10-2005-5-00-...tem&pt=LH_DefaultDomain_0&hash=item2eadd398f3
The 10th oz. was my first gold coin. There are people who say don't buy them as you pay too much of a premium. But for someone just starting out with gold it's a good way to begin.
I agree with that because not everybody can afford to start out buying a full 1-oz gold coin especially with where spot gold is now. I could be very wrong on this but I also think that 1/10 oz gold coins, along with 1-oz silver and junk silver, can probably become useful if/when SHTF. A person is not going to use a 1-oz gold coin to pay for a loaf of bread and expect to get "change" back. People can always save the money for a 1-oz gold coin but if gold increases at a rate faster then what a person can save money, then they might never have enough money saved up to get that 1-oz gold coin. It just depends on a person's income and expenses and the rate that a person is saving money toward a 1-oz gold coin.
Depends on how many pieces one buys. One by one or a just a few, then very likely the premium will be high(er) and not so much to the buyers investing advantage. For a starter who needs to quench their curiosity and looking to hold onto the piece for long term its not the end of the world to pay the premium and learn the game. Buy a tube or more and those premiums become negligible. It is prudent to compare dealers prices per coin and investigate if saving up to make a larger quantity purchase is in order. Doing so may help you obtain the best price per coin and maximize the potential value of your investment. It may also allow you the benefit of realizing a higher premium per coin if you were to later sell them individually, provided you do so when you can make a profit.:smile
These nifty little coins came out last week, I bought through APMEX which has the best site in my opinion. But Gainesville is offering better sell prices: http://www.gainesvillecoins.com/products/155424/2010AmericanGoldEagleG5(110oz).aspx APMEX: http://www.apmex.com/Product/58141/default.aspx Problem with these coins is getting top dollar when selling, I even have seen shops paying less of a premium for fractional AEG. At another site a fellow was talking about being able to readily barter with the 1/10 Krugerand gold. Traders/barter folks may not care whether you are trading an eagle 1/10 coin or a Krugerand.
I have used both Gainesville and Apmex and am pleased with their products and customer service. Shipping from Apmex is the killer on any small order unfortunately. You may keep an eye on Provident Metals too if you haven't checked them out yet. I have started buying from them this year and am very pleased, prices are competitive and shipping time and costs a bit easier to stomach than from Apmex. :smile
I like Provident but They're in Dallas and I'm in Houston.. so, state sales tax. so I go APMEX. If I could just find a local dealer with the right selection...
Hm, I have never bought from nor even heard of Provident Metals. I'll have to check them out when prices fall again (assuming they do).
The 1/10ozers,and 25/100 ozers allow small time buyers like me to get into the gold game. Plus if i want 2 sell i dont need to sell a whole oz and have more cash then i need. Then reinvest again and pay 2 penalties.
