Gold bars vs gold coins ???

[scotto]

Can anyone tell me the advantages or disadvantages to purchasing fractional gold bars from the Perth Mint ( say 5g & 10g sizes) as opposed to gold coins of roughly the same size. These are meant for long term holdings as in 10 to 20 years. Thank You.

[woodyh]

i get coins they carry less of a premium around here

[everything]

I bought some bars but I'm leaning towards coins now, no real reason, just that gold is gold and the bars seem boring.

[JadeDragon]

In some areas coins are sales tax free. Coin collectors like coins, while bars are just bullion. Coins may mixed with copper to make them harder and more durable. Otherwise whatever you can get the best deal on.

[Bluegill]

I own both. The collector and history buff in me prefers coins, but in the end, my deciding factor is what has the smallest premium at the time of purchase.

[Computer Jones]

I own both. The collector and history buff in me prefers coins, but in the end, my deciding factor is what has the smallest premium at the time of purchase.

+1

[fansubs_ca]

Well, where I live coins are subject to Provincial Sales Tax but .999 bars of silver and gold are exempt.

Whereas in North Dakota "legal tender"* coins are tax exempt but bars are taxable.

*Apparently this refers to legal tender anywhere as the Maple Leaf coins from Canada fall under this
exemption the same as the American Eagle coins do.

So the best deal may depend on your individual circumstances.

[Engineer]

the best deal may depend on your individual circumstances.

Good answer.

It pays to know the laws in various states and provinces. Jumping over a state border to make a purchase can make a sizeable difference in your total price per ounce.

...and sometimes it just feels good to screw the tax man.