Advantages of Owning Coins vs Bars

Still another advantage for coins–multiple ounce bars cannot be broken up.  You are forced to sell the entire bar if you want to liquidate—it’s all or nothing.  With coins, you can sell small, medium or large quantities when you want to cash out.

Yet another advantage of coins over bars is their acceptability. Once again, coins are better than bars because bars (small or large) do not carry the same prestige as a minted coin.  Even when prices rise dramatically, coins will likely be accepted without question or assay.   An assay is a scientific measurement of the amount of gold in a coin or bar.

In short, base your purchase on the future sale of the gold price or silver price, not saving a few bucks on premiums (or commissions) when you buy.  Here’s another way to look at it.  If you decided to sell some of your gold at $10,000 per ounce, what do you think would be more desirable: a Gold Eagle or a stamped 1 ounce bar?  The Gold Eagle will win out every time.  That does not mean that a 1 ounce bar is not valuable—it is.  It is just not as sellable as a 1 ounce coin.  Think of the “sell” when you buy, and pay a little more for quality.  If you are buying gold or silver–buy coins. (If you are a beginner, I do not recommend proof coins because of the collector value.)