Krugerrands on sale from JM Bullion

Discussion in 'Gold Coins' started by Silverjoe, Jun 27, 2017.

  1. Silverjoe

    Silverjoe New Member

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    JM Bullion currently has 1oz gold Krugerrands on sale for $29.99 over spot. That sounds like a good deal to me. Anyone have thoughts on that price or krugerrands in general? Are they a good coin to have? New to gold stacking here so was just wondering from those more experienced with gold. I usually stack silver but looking to diversify a bit. Thanks.
     
  2. dragafem

    dragafem Well-Known Member Silver Stacker

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    krugs are always tied to spot so when selling comes dont expect any premium. I'd rather buy some nice gold lunar coin
     
  3. Killface

    Killface Well-Known Member Silver Stacker

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    Hey if you like them and they're cheaper than elsewhere, get them. As dragafem says, they are not likely to appreciate in value due to high mintage, but I for one am wary of paying a higher premium for (e.g.) a Lunar coin in the hope it appreciates. But that's just me.

    By way of comparison, the cheapest 1 oz gold coin from Perth Bullion in Western Australia is currently spot + $64 (Aussie) and a single 1 oz Krugerrand is spot + $189 because they are taxed here due to being 22k gold.
     
  4. whay

    whay Active Member

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    For gold stacking just buy the cheapest 1 oz gold bar.
     
  5. fltacoma

    fltacoma Member

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    It seems that from what I have read throughout the years, overseas is not very good as far as GST and VAT. If anyone is ever in the U.S., I work at a coin shop where I can probably get 1oz Gold Eagles for you at around $30-$40 over spot.
     

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