Coin and Paper Money Collecting/Gold bullion

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Expert: - 3/24/2004


Question
I collect gold bullion. Coins and bars. I would like to find a source that would not eat me alive with fabrication fees. I would like to get a selection of the small 1 - 2 gram bars from different producers. These are not really made for the collector market or those that buy gold for investment so the demand is low and the cost is high. Do you know any sources where I might purchase these at a reasonable cost above spot?

Answer
Hello Marshall,
Traditionally, the smaller the bar or coin, the higher the premium over spot price.

Simply put, it costs the fabricator the same labor to make a 1 gram or a kilo.

Best bet is to check ebay.  You may find some deals.

Regards,
Joe Hylas

Coin and Paper Money Collecting

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Joe Hylas

Expertise

Numismatic professional with over 30 years experience can answer your questions about US coins, their values, how best to sell them and where to buy them. Interested in starting a collection? Find out which areas are undervalued and how to acquire those coins at the best price.

Experience

Ex-Head Precious Metals trader for Deak-Perera International with 42 offices worldwide. Industry experience since 1978. Has worked co-operatively with US Mint, Royal Canadian Mint, Austrian Mint, Chamber of Mines of South Africa, World Gold Council and Platinum Guild International. Professioanl numismatist specializing in US Coins. Always buying collections, will travel if size of collection warrants. Website: www.AllCoins.US

Organizations
PCGS, NGC, Rotary

Publications
Physician's Money Digest

Education/Credentials
Bachelor's Degree in Business Administration

Awards and Honors
Paul Harris Fellow

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