According to whom? As of last check, gold sells for about $925 per troy ounce (24K). Those gold-to-money ads you see on television pay about $200-400 per ounce and charge large processing fees.
It isn’t! Not sure where you got your information. Bullion usually trades just under what coins do, although you might find occasional variations if you’re buying your coin from an uninformed seller!
Right now coins are going at quite a premium to bullion prices. Just check out Ebay and type in “American Eagle 1 oz”
It’s not. All gold can be purchased, sold, or traded by its actual weight. In the real world, though, gold in the form of jewelry or coins often sells for quite a bit more than it would as just a lump from a mine.
April 24th, 2009 at 4:56 am
Krysten
According to whom? As of last check, gold sells for about $925 per troy ounce (24K). Those gold-to-money ads you see on television pay about $200-400 per ounce and charge large processing fees.
April 24th, 2009 at 5:19 am
Aisha
It isn’t! Not sure where you got your information. Bullion usually trades just under what coins do, although you might find occasional variations if you’re buying your coin from an uninformed seller!
Right now coins are going at quite a premium to bullion prices. Just check out Ebay and type in “American Eagle 1 oz”
April 25th, 2009 at 9:47 pm
Jeri
Because when they make gold coins they add other metals. Therefore the gold is less pure. Pure gold has high purity.
April 28th, 2009 at 3:44 pm
Cory
It’s not. All gold can be purchased, sold, or traded by its actual weight. In the real world, though, gold in the form of jewelry or coins often sells for quite a bit more than it would as just a lump from a mine.
April 29th, 2009 at 4:03 pm
Emma
Flexibility of use