Yes, there's a huge market for collectible stuff and most of it is limited edition. A lot of it is even numbered. While Trump's rounds might indeed have staying power as far as price goes, and may even see a short-term soar. Most collectible things tend to go down in price when interest wanes.
Some People are Collectors and that's Perfectly fine.
Some People Are Stackers and that's fine too.
Some people do both...
I'm just a stacker and want the lowest price per ounce, I don't have the ability to buy fun stuff. That said 1 oz seems to be the sweet spot for both gold and silver. Less than 1 oz fractional stuff is too expensive and larger than 1 oz saves too small of amount and then you have portability problems.
A Kilo Bar of Gold is currently 84.6K, your going to have trouble selling that. an LCS will buy it if they have the capital, but at way below spot because they will sell it to a wholesaler. A gram of Gold is worth 84.6 Dollars but sells at over 100 bucks for the cheapest, and it will be secondary market. So at an even 100 bucks thats 3110 bucks for an ounce. A secondary 1 oz gold bar on the same site is at 2662.
Sovereign coins sell for a higher premium than bars or rounds, but you can often get more than spot when you sell them. However, you won't recoup the extra premium completely.
A good way to determine that is to compare what the dealer will sell you at of various products and what they will pay you.
A LCS (Not local to me) That sells on Youtube, I bought from 3 times because they often have great prices. They publish a video showing their buy and sell prices. Their last video of 3 days ago. Buying gold bars 98% of Spot, (my LCS are paying 95% of spot). The video guy selling at Spot +25. For Gold Eagles He was buying at Spot, selling at 70 over spot. Since the Premiums for gold eagles is much higher than the 2%, selling him a gold bar is a much better transaction.
That being said, Gold Eagles is the best-selling gold coin in the world and is easy to sell in many countries.
In some countries you will have problems bringing in a substantial amount of bullion or even none, but you can bring in a certain amount of gold coins without a declaration. In the Philippines it is under 10,000 dollars in value.
I can't pay that much for an ounce
Except he will keep minting them. Collectible Bullion rarely sells for the purchase price once the hype wears away.
They're limited edition
Yes, there's a huge market for collectible stuff and most of it is limited edition. A lot of it is even numbered. While Trump's rounds might indeed have staying power as far as price goes, and may even see a short-term soar. Most collectible things tend to go down in price when interest wanes.
Some People are Collectors and that's Perfectly fine.
Some People Are Stackers and that's fine too.
Some people do both...
I'm just a stacker and want the lowest price per ounce, I don't have the ability to buy fun stuff. That said 1 oz seems to be the sweet spot for both gold and silver. Less than 1 oz fractional stuff is too expensive and larger than 1 oz saves too small of amount and then you have portability problems.
A Kilo Bar of Gold is currently 84.6K, your going to have trouble selling that. an LCS will buy it if they have the capital, but at way below spot because they will sell it to a wholesaler. A gram of Gold is worth 84.6 Dollars but sells at over 100 bucks for the cheapest, and it will be secondary market. So at an even 100 bucks thats 3110 bucks for an ounce. A secondary 1 oz gold bar on the same site is at 2662.
Sovereign coins sell for a higher premium than bars or rounds, but you can often get more than spot when you sell them. However, you won't recoup the extra premium completely.
A good way to determine that is to compare what the dealer will sell you at of various products and what they will pay you.
A LCS (Not local to me) That sells on Youtube, I bought from 3 times because they often have great prices. They publish a video showing their buy and sell prices. Their last video of 3 days ago. Buying gold bars 98% of Spot, (my LCS are paying 95% of spot). The video guy selling at Spot +25. For Gold Eagles He was buying at Spot, selling at 70 over spot. Since the Premiums for gold eagles is much higher than the 2%, selling him a gold bar is a much better transaction. That being said, Gold Eagles is the best-selling gold coin in the world and is easy to sell in many countries.
In some countries you will have problems bringing in a substantial amount of bullion or even none, but you can bring in a certain amount of gold coins without a declaration. In the Philippines it is under 10,000 dollars in value.