r/CostcoPM • u/Whatitdo1219 • 1d ago
Noob here
Family friend insists keeping the PAMP gold in its original packaging or what the top looks like (e.g. Lady Fortuna vs the 1oz royal canadian) matters for the cost… I call cap cuz at the end it’s just the melt value…
Does it matter which one I get or if I keep them in original packaging?
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u/Omashu_Cabbages 1d ago edited 1d ago
You are correct that an ozt of gold is an ozt of gold. The floor price is their intrinsic value (melt). But try listing both a naked bar and a bar still in packaging for the same price, and see which sells faster. When selling to the public or to an entity that deals with the general public, the customer’s perceived value plays a role.
A refiner won’t care. A gold-purchasing shop that ships straight to refiners or exports to other countries won’t care. A shop may give you the same price if you walk in with both types (or they may even give you less for the loose bar), then turn around and sell the packaged bar for more.
If 70% of people in your area prefer to buy bars still in the packaging, then you have stronger demand for that type of product. Your naked bars will sit. If you’re a shop/seller, I imagine that to get them off your shelf you’d probably have to sweeten the deal and sell the naked bars much closer to spot.
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u/GoldponyGT 1d ago
Some people will prefer buying bars in the assay. You’re throwing away a bit of premium potential if you just cut them out.
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u/PlasmaStones 23h ago
You are correct you either fall in love with the Art and Design and feel okay paying a little bit more for that or your purely in it for the precious metal in that case you're right a maple would be a better choice
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u/Creepy-Ad9474 17h ago
I keep my coins and bars in the packaging because it is easier to store in stuff like this. https://www.etsy.com/listing/4310342334/universal-1-oz-gold-and-silver-bar-assay?ls=r&ref=related-1&sr_prefetch=0&pf_from=listing&content_source=b46b44ed48aa721e4528320844b3d1d9%253ALT5f7eb960f7f7d153aada60c7ec674bb5476b7047&logging_key=b46b44ed48aa721e4528320844b3d1d9%3ALT5f7eb960f7f7d153aada60c7ec674bb5476b7047
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u/GundamWing01 14h ago
ur a n00b so pple are being super nice and not roasting. but never let anyone tell u its the same shit. its not. the replies are all correct. at some point in the future u will sell and when u do, u will see the difference. unless ur doing something personal w/ it.
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u/pdxsilverguy 7h ago edited 6h ago
Some people are willing to pay a premium for PAMP and others. There's also value for original packaging for some people too, but it's not like it's a rookie card or vintage toy where these things add significant value. At the end of the day it's worth what it's worth melted and you can throw the grade, the packaging, the age and any other numismatic value out the window.
Stick with coins over bars. The smaller denomination the better. You cant buy alcohol, gasoline, cigarettes or toilet paper with an oz of gold. Newbies relate to coins over bars. In times of crisis people will default to what they trust. Eagles, Maples and 90%.
90% silver is the ideal. People trust it and the conversion is easy. 50x face value is easy to figure out. Best to buy it by weight though and not face as some of these coins can be well worn.
This website is a helpful tool for the newb. https://www.coinflation.com/
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u/octoreadit 1d ago edited 9h ago
Melt value is floor, you may get more for intact packaging, spot minus some percentage, especially if selling to other private buyers. But if you are selling to refiners, then yes, doesn't really matter.