Minted or Cast?

[CEO10K]

I am currently looking into buying some PM's, gold specifically and I was wondering if there was any advantages/disadvantages when buying minted or Cast bullion? I'm new to this so be gentle :lol:

Cheers

 

[mmm....shiney!]

Cast cheaper = lower premium = lower price when resold because it is less popular with some private buyers

 

[Jislizard]

I haven't got much in the way of Gold but what I have is all in the form of minted coins.

Any metal can be poured into bars and then plated with gold, some can even be done quite convincingly, apparently the Chinese Gov checked its stockpile and found some faked tungsten bars that were heavily plated with gold.

Minting coins on the other hand is a lot harder to fake, it can be done but there are plenty of references and guides to fakes and not all of them are very convincing.

The only benefit I can see with poured is that they are relatively cheaper than the minted products.

 

[Graeme]

Minted for higher resale IF from a well know brand like PAMP.
Cast if you want to lowest (lol) entry price and bang for buck.

 

[CEO10K]

thanks for the quick replies, I think I'd rather pay the extra for the recognisability. One more quick question, do you guys buy from places like Perth Mint or do you have your own local dealers?

 

[mmm....shiney!]

There are plenty of fake minted bars on the market - more than cast bars, I've never seen a fake poured bar for sale say on ebay

 

[fishball]

There are plenty of fake minted bars on the market - more than cast bars, I've never seen a fake poured bar for sale say on ebay

What about that one bar from Ghana we all saw last time on eBay?

(I forgot if it was minted or not)

 

[XB]

thanks for the quick replies, I think I'd rather pay the extra for the recognisability. One more quick question, do you guys buy from places like Perth Mint or do you have your own local dealers?

You'll find the deals on offer from most of the Stackers here are better than, or at the very east comparable to, those on offer from PM or most dealers....

 

[aleks]

It was poured.

I would stick to the well known brands like Perth Mint and PAMP, unless you only plan to trade with a dealer than other brands might offer a better spread.

Perth mint poured bars start at 1/2oz, 100g for PAMP.

 

[goldpelican]

As a first time gold buyer, I would point you in the direction of minted bars, either Perth Mint Certicard or PAMPs, or Perth Mint Kangaroo coins. As you learn more branch out into other forms if you choose, but the carded minted bars and the Perth Mint gold coins are a no-brainer and recognised globally.

 

[CEO10K]

Thanks for all the replies guys you cleared up a lot for me, I think I'll be trying to get some minted bars. I'll try here first then on to the Perth Mint.

 

[mmm....shiney!]

There are plenty of fake minted bars on the market - more than cast bars, I've never seen a fake poured bar for sale say on ebay

What about that one bar from Ghana we all saw last time on eBay?

(I forgot if it was minted or not)

yeh forgot about that one, poured i think

 

[euphoria]

What about ainslie's??

 

[kkkrazy]

dont pick on Brian

 

[projack]

I am currently looking into buying some PM's, gold specifically and I was wondering if there was any advantages/disadvantages when buying minted or Cast bullion? I'm new to this so be gentle :lol:

Cheers

The differnt is $10
Resell price is the same if you take it to bullion dealers.
You can get your $10 back on this forum.

 

[hiho]

the way the price is heading premiums will be relatively like postage soon

 

[vintec]

when you guys said cast gold has "lower resale value", is this in comparison to the minted counterpart or original purchase price (assuming identical spot prices), that is lower resale price than the purchase price?

 

[atut]

Cast cheaper = lower premium = lower price when resold because it is less popular with some private buyers

Perth Mint silver = Cast, Australia
NTR Metals silver = Minted, United States

But why NTR Metals is cheaper than Perth Mint?
See Bullion Bourse, Bullion Money and KJC. They sell NTR Metals is cheaper than Perth Mint?

Why?

 

[alor]

NTR is new in the market, so the price need to be more competitive to move it.

for the same price people would not buy them.

 

[goldpelican]

NTR is just cheap because of their business model, not because they need to compete.