SMALL GOLD COINS FULL

In many states, including New York, the sale of gold bullion weighing less than one ounce is generally subject to state and local sales taxes unless you spend a minimum of $1,000 or more on bullion. A one ounce gold Eagle, with the same net gold content, would cost approximately $1,330 due to its lower fabrication related fees.Īnother factor is sales tax. gold Eagles would cost approximately $1,500 factoring in the higher fabrication charges. It costs a refiner/mint more to fabricate ten tenth ounce coins than the equivalent one ounce coin.Īs an example, using a hypothetical gold ‘spot’ quote of $1,250 ten tenth oz. Very simply, the smaller the unit of gold, the more it costs per ounce. Unfortunately, there are several reasons not to buy fractional gold and those reasons revolve around cost. Fractional gold coins are not only cheaper for gift givers but for investors as well. Even though one ounce gold bullion is far and away the most frequently traded size of gold, many investors don’t want to spend $1,300+ on gold at any given time. I know of far more scenarios where a tenth ounce ($150 or so) or a quarter ounce (approximately $350) gold coin is more appropriate for gift giving than a $1,300+ one ounce gold coin.Ī third advantage of fractional gold is similar to the aforementioned second advantage: cost. An analogy I frequently use is that whereas a tenth ounce gold coin might yield an adequate amount of beef and milk in trade, the one ounce piece may force you to take the whole cow.Ī one-tenth oz Gold Eagle coin, worth approximately $150, is a popular choice for a gift.Ī second advantage of fractional gold is that they’re more appropriately priced for gift giving.

SMALL GOLD COINS FULL

You may only need $400 for an unexpected expense, so why sell a full ounce of gold for $1,250 when a quarter ounce or a half ounce makes more sense?įor those of you who feel gold may someday be used as a currency for barter or trade, common sense tells us a smaller fractional gold coin may be more practical than the traditional one ounce coin. That is, if and when the time comes to sell gold for cash, you can sell the unit of gold most reflective of your cash needs. So what are the advantages of fractional gold? The first advantage is flexibility/liquidity. and Canadian pieces dominate the world marketplace, so we strongly suggest focusing on them. Numerous other countries and mints issue fractional gold coins. Gold Eagle and Canadian Maple Leaf gold coin are available as fractional gold, weighing less than one troy ounce.

Small gold coins