Where to exchange gold coins
Gold Bullion Coins - Buying and Selling. EPISODE 5
hey guys this is Chris Brigandi I'm here
with Justin burgundy of Burgundy coins
and collectibles in New York City today
we're talking gold bullion so just a
quick history real quick in 1933
FDR took us off of the gold standard so
all of our paper back notes were backed
by gold coin so real quick here this is
a $20 gold certificate you could
literally redeem this at your nearest
Federal Reserve branch there's 12 them
around the country for us it would be in
New York City on Wall Street so you
could literally bring this $20 note into
the Pharaohs rebuilding and they would
give you $20 worth of gold coin so these
are all the different types of gold
coins we had in the late 1800s and early
1900s so he would give them this piece
of paper and they would give you this 20
dollar gold coin this is the Liberty
Head type and then this is the later
type from the 1900s saint-gaudens
so a little bit of history and then we
didn't make gold coins and it was
actually illegal to hold gold coins
until 1986 so that brings us to the rest
of the gold bullion you're gonna see
here Justin's gonna go ahead and tell
you a little about the most popular gold
coin we sell here so these are the gold
Eagles they started minting them in 1986
they have Lady Liberty on the front and
a gold eagle actually - Gold Eagles on
the back they are considered one ounce
coins but they actually weigh 1.0 909 to
account for the additional copper alloy
used to make them stronger and more
durable they are traded as one ounce
coins the copper has no significant
value in it and there's two types of
them there are the uncirculated so what
you see here which is what we recommend
for all of our customers they have the
lowest premium and they're the most
liquid in terms of gold coins you can
buy however there are also for
collectors additional proof strikes that
come in fancy caps and boxes they cost
significantly more and they're not
necessarily a great investment but they
are something that the government does
offer for those of you who might be
looking for pure gold you can also get
the US Gold Buffalo which comes this way
and it also comes as a proof which we
don't have in stock at the moment once
again it's kind of the same thing the
pricing is the same but some people do
prefer pure gold
and the last option or the last two
options we typically have here are the
Krugerrands which is the original gold
bullion coin and we also have the
Canadian maples which is Canada's
version of the Gold Eagle obviously with
a maple leaf instead so those are mainly
what we sell as far as gold bullion and
obviously we also buy these so if you're
looking to invest in gold we always
recommend the Eagle first but people
also have Krugerrands they like maples
they're a little cheaper too but the
most liquid and what we saw the most of
obviously you see the stacks of American
Eagles also what we do a lot of our
larger size gold coins they're pretty
cool again they're a little bit more
collectible so you're gonna pay an
additional premium so here this is gold
panda very popular coin Chinese go panda
there so this is a 12 ounce size so
obviously significantly larger determine
we'll be using the Hobby as hockey pucks
they're really thick almost you know
resembling a hockey puck a couple other
countries this is an African coin again
you're paying high premium here but a
coin like this they only minted a
hundred up so you're playing the
collectible game with that as well so if
you're just looking for gold value gold
bullion value you know States stay away
from these type of coins another we
probably get five to ten phone calls a
day five to ten people walking on and
dojo talking about gold bars
everybody's fascinated by gold bars they
think especially if you're a novice you
think that's the way to buy gold to
begin with we really really steer people
away from gold bars however what's that
there's tons of fakes on gold bars so we
do a little bit we do the smaller size
the smaller you go they're really hard
to fake there's a really popular 5 ounce
10 ounce eyes and kilo size which is
over 30 ounces those are the stories you
hear on the news somebody bought a gold
coin from you know a pawn shop or
jewelry shop or even a coin dealer who
didn't know any better and it turns out
it's filled with some dense powder like
tungsten or some crazy you know a
magician or a doctor if you will put it
inside so unless you're buying something
small and they make great gift
Barr's but we really tell people stay
away from the large bars they're really
easily counterfeited so the last thing
we wanted to show you here this is gold
nuggets these are this is how gold is
pulled out of the earth
so it's it's actually two forms usually
it's gold dust or gold powder you see on
TV and on all those shows on Discovery
or history channel and you know they
collect all the powder and they put it
in however sometimes you get lucky when
you're mining and you pull out large
ingots like this so this large one here
is over 2 ounces it's 75 grams all the
other ones a little bit smaller
now you don't melt these normally when
you get the flakes in or the powder you
melt it and it turn into coins like you
see but when you pull out large gold
nuggets like this they're highly
collectible they usually sell anywhere
from two to three times over their
weight value so if you have a one ounce
coin and let's say gold spot price is
1300 an ounce you're really probably
gonna pay about twenty five to three
thousand dollars for these from Alaska
right these yes specifically these are
from the Yukon Klondike area which are
too old rivers that are mined and you
see those on the TV shows that's usually
in Alaska where they're mining for gold
so they're really cool and especially
what adds to the value is if you get
really cool shapes to it so this one and
it's a little flat kind of boring but
this big yeah it almost looks a like a
piece of like volcanic like crag almost
it's really cool so people buy it not
just for the gold value but for the
artistic value people make gold chains
out of them they put them in rings
especially the smaller pieces or
earrings just a real cool piece of art
on top of it I don't have anything else
to add no just it's amazing when you
really think about the fact that you
know you could start with something like
this and end up you know later on with
something like that it's pretty cool
yeah that's the name stuff on last let's
talk about price real quick
obviously gold trades off the Gold Live
Gold market so depending on what the
price is that day that's what we buy and
sell them for and yes there's a small
premiums again we recommend going with
the Gold Eagle today for example Gold's
trading around 1330 the market today is
very volatile
just in less month that's gone up about
a hundred bucks and it's ten percent
loss in the stock market in four days
which is definitely not helping or
hurting right so who knows where gold is
gonna go usually goes out to the
opposite of the stock market but right
now it's sinking a little bit with the
stock market so we don't tell people
daily what to buy or when to sell
because that's not what we do we just
handle the merchandise so if you think
gold is going up you buy it you think
it's going down you get sell to us again
really tight premiums on this this is
stuff we buy and sell every day here
whether you want one ounce or even a
small piece a tenth of an ounce or if
you want over a hundred ounces so
whatever you're looking to buy or sell
we can help you out there if you have
any questions just give us a call go on
our website we have a good informational
page about gold bullion we're just
coming our store we're more than happy
to help you adjust tunes at the front
usually behind the counter and handle
all this stuff all day long so any
questions just come on in please like
share comment on this video we'll see
you at Brigandi coins and collectibles
here in New York City 57th Street and
Park Avenue
