Do you prefer 22K or 24K Gold Coins?

Discussion in 'Gold Coins' started by BullionBoy, Dec 11, 2015.

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  1. BullionBoy

    BullionBoy New Member

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    I want to buy my first gold bullion coin. Do most collectors prefer 22 Karat or do they prefer 24 Karat? I like the 22 Karat because it is more resistant but I also like the 24 Karat because it is truly pure gold. My choices are 22 K American Eagle, 22 K Krugerand, 24 K American Buffalo and 24 K Canadian Maple. Which is the most preferred in North America?
     
    BullionBoy, Dec 11, 2015
    #1
  2. Altima

    Altima Well-Known Member Silver Stacker

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    Well I see you are in Canada. Better stick to gold maples where it is recognized. American gold eagles and buffalos are recognized in US.

    Buy whichever is closer to spot :)
     
    Altima, Dec 11, 2015
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  3. nickybaby

    nickybaby Active Member Silver Stacker

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    What Altima said
     
    nickybaby, Dec 11, 2015
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  4. Eliassamaha

    Eliassamaha Well-Known Member Silver Stacker

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    Used To hate them but after realising a lot of old coins are 22c had to have them

    If their old it's a must have
     
    Eliassamaha, Dec 11, 2015
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  5. Gatito Bandito

    Gatito Bandito Active Member

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    Prefer 24 but really don't mind 22, which adds some nice variety.


    My tiny Au stack gets put in air-tites, so metal softness isn't a concern for me..
     
    Gatito Bandito, Dec 11, 2015
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  6. Shippeevt

    Shippeevt Member

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    I like 24k myself... But I don't mind any gold really, as long as the price is right.
     
    Shippeevt, Dec 11, 2015
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  7. JulieW

    JulieW Well-Known Member Silver Stacker

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    24k means the spot price is accurate...
     
    JulieW, Dec 12, 2015
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  8. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    Holdfast, Dec 12, 2015
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  9. JNS

    JNS Active Member Silver Stacker

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    Fascinated by the color of 24k but loved to roll the 22k in my hands :)
     
    JNS, Dec 12, 2015
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  10. Porcello

    Porcello New Member

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    24k, due to the more favourable tax and customs treatment around the world.
     
    Porcello, Dec 12, 2015
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  11. Peter

    Peter Well-Known Member

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    The asians like 24k so there is a bigger market.for resale.
     
    Peter, Dec 12, 2015
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  12. BullionBoy

    BullionBoy New Member

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    I was reading an article today that 22K is more costly to make than 24K because of the blending of alloys that is required. One thing that has me puzzled is my local coin dealer who says that he will pay the same price for silver coins whether they are pristine or beat up but when it comes to gold coins the price is highly dependant on their condition. If thats the case, then I may as well get 24K because I wouldn't be playing with it even if it was 22K.
     
    BullionBoy, Dec 13, 2015
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  13. Monsta

    Monsta Member

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    24k all the way. Just easier to deal in, spot price is spot price, Asians only want 24k. For that alone it's not worth considering 22k coins as part of your main stack.

    Gold Eagles, Kruggerands and the like at 22k attract 10% GST here in Australia, and that money is gone as soon as you purchase it. So in that sense it breaks the #1 stacker rule - minimise your premiums.

    I would only be looking at 22k or fractional silver if buying privately or bringing in from overseas as personal effects thus no GST payable. And yes a couple of gold eagles in your wallet would probably come in completely unnoticed.
     
    Monsta, Dec 13, 2015
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  14. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

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    When one limits oneself one must be prepared to accept they will miss opportunities.
     
    Stoic Phoenix, Dec 13, 2015
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  15. kramer

    kramer Member

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    Big fan of the 22k $200 gold coins... 22k ftw.
     
    kramer, Dec 13, 2015
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  16. chrissilver

    chrissilver Member Silver Stacker

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    I am a 24k man. I like the kangaroos and pandas.
     
    chrissilver, Dec 16, 2015
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  17. willrocks

    willrocks Well-Known Member Silver Stacker

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    24k. No GST
     
    willrocks, Dec 16, 2015
    #17
  18. hyphenated

    hyphenated Active Member

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    Depends.

    No CGT on 22k Sovs in the UK, for example; and there's a lot history in those Sovs.
     
    hyphenated, Dec 17, 2015
    #18
  19. miller89

    miller89 New Member

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    Hi new to this but i have a telfer project 1 ounce gold medallion and i was wondering where to find out how much it is worth cheers
     
    miller89, Dec 26, 2015
    #19
  20. Monsta

    Monsta Member

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    Nobody is going to tell you in this thread. Create a new one.
     
    Monsta, Dec 26, 2015
    #20
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