American Eagle or Canadian Maple Leaf?

Discussion of the Gold portion of the Permanent Portfolio

Moderator: Global Moderator

User avatar
tomfoolery
Executive Member
Executive Member
Posts: 651
Joined: Fri Mar 06, 2020 9:47 pm

Re: American Eagle or Canadian Maple Leaf?

Post by tomfoolery » Thu Apr 23, 2020 4:49 pm

My problem with American Gold Eagles as compared to Maple Leaves is that it's a lot harder to forge a 99.9999% coin than a 93% coin. So, as counterfeit technology improves, we're likely to see more convincing counterfeit eagles than maple leaves.

I find putting maple leaves in $1 air-tite brand capsules to be sufficient to keep them from getting scratched.
User avatar
vnatale
Executive Member
Executive Member
Posts: 5362
Joined: Fri Apr 12, 2019 8:56 pm
Location: Massachusetts
Contact:

Re: American Eagle or Canadian Maple Leaf?

Post by vnatale » Thu Apr 23, 2020 5:08 pm

ochotona wrote:
Thu Apr 23, 2020 2:47 pm
vnatale wrote:
Wed Apr 22, 2020 9:07 pm
ochotona wrote:
Fri Oct 18, 2019 9:30 pm
I've looked at the buy / sell prices over a number of years over a number of dealers, and the Eagles are always the round-trip losers. That said, I probably will never buy another coin, and will be buying ETF AAAU in the future, now that there is no longer any commission to buy it.
You have no concerns with AAAU's relative tiny size compared to the much larger EFTs ahead of it?

Vinny
ZERO concerns about size. ETFs that are destined for the woodchipper struggle to grown past $10-$20 million. AAAU has quickly grown to ten times that size.
Are you saying it is in the $100 million to $200 million range? If so that seems super tiny in the financial world.

Vinny
"I only regret that I have but one lap to give to my cats."
User avatar
ochotona
Executive Member
Executive Member
Posts: 3214
Joined: Fri Jan 30, 2015 5:54 am

Re: American Eagle or Canadian Maple Leaf?

Post by ochotona » Thu Apr 23, 2020 5:54 pm

vnatale wrote:
Thu Apr 23, 2020 5:08 pm

Are you saying it is in the $100 million to $200 million range? If so that seems super tiny in the financial world.

Vinny

It's $220 million, and that's of no concern for buy and hold investors.
SomeDude
Executive Member
Executive Member
Posts: 593
Joined: Sun Nov 22, 2020 1:45 am

Re: American Eagle or Canadian Maple Leaf?

Post by SomeDude » Wed Nov 25, 2020 12:02 am

tomfoolery wrote:
Thu Apr 23, 2020 4:49 pm
My problem with American Gold Eagles as compared to Maple Leaves is that it's a lot harder to forge a 99.9999% coin than a 93% coin. So, as counterfeit technology improves, we're likely to see more convincing counterfeit eagles than maple leaves.

I find putting maple leaves in $1 air-tite brand capsules to be sufficient to keep them from getting scratched.
Very good point on the forgeries. New maples are infinitely more difficult if not impossible to forge well. Its probably not economical. The design complexity, radial lines, and privy mark on the new ones make them unparalleled in the world i think for security.

The US mint is trying to catch up and adding security features in 2021.

I have a few maples and many many more eagles of various sizes, proofs etc.

I would still prefer eagles in the US for liquidity. If you buy from a reputable dealer you're fine and a good visual inspection and ping test if you're at an LCS and you're fine there too.

Maples are more beautiful but if you want a real sexy coin i don't think you can do better than a 2020 Britannia.
User avatar
dualstow
Executive Member
Executive Member
Posts: 11204
Joined: Wed Oct 27, 2010 10:18 am
Contact:

Re: American Eagle or Canadian Maple Leaf?

Post by dualstow » Wed Nov 25, 2020 7:20 am

tomfoolery wrote:
Thu Apr 23, 2020 4:49 pm
My problem with American Gold Eagles as compared to Maple Leaves is that it's a lot harder to forge a 99.9999% coin than a 93% coin.

I keep reading that as forge, like in a furnace. Forging a sword.
What is the verb for committing a forgery anyway?
"It’s easy to be a communist in a free country. But try being free in a communist country." - @vtchakarova
WhatsApp users can no longer opt out of having their data sent to facebook -Schneier blog
SomeDude
Executive Member
Executive Member
Posts: 593
Joined: Sun Nov 22, 2020 1:45 am

Re: American Eagle or Canadian Maple Leaf?

Post by SomeDude » Wed Nov 25, 2020 8:09 am

dualstow wrote:
Wed Nov 25, 2020 7:20 am
What is the verb for committing a forgery anyway?
Pretty sure it's forge as in "forge someone's signature".
User avatar
dualstow
Executive Member
Executive Member
Posts: 11204
Joined: Wed Oct 27, 2010 10:18 am
Contact:

Re: American Eagle or Canadian Maple Leaf?

Post by dualstow » Wed Nov 25, 2020 8:15 am

Yeah, I guess that must be right.
"It’s easy to be a communist in a free country. But try being free in a communist country." - @vtchakarova
WhatsApp users can no longer opt out of having their data sent to facebook -Schneier blog
ppnewbie
Executive Member
Executive Member
Posts: 219
Joined: Fri May 03, 2019 6:04 pm

Re: American Eagle or Canadian Maple Leaf?

Post by ppnewbie » Wed Dec 23, 2020 1:26 pm

This video contains the Eagle, Buffalo, and Maple Leaf
The only thing to note is that SWP probably has a global perspective vs. what is best for US residents.

https://m.youtube.com/watch?v=1xEx0yoDlWk
SomeDude
Executive Member
Executive Member
Posts: 593
Joined: Sun Nov 22, 2020 1:45 am

Re: American Eagle or Canadian Maple Leaf?

Post by SomeDude » Wed Dec 23, 2020 8:00 pm

ppnewbie wrote:
Wed Dec 23, 2020 1:26 pm
This video contains the Eagle, Buffalo, and Maple Leaf
The only thing to note is that SWP probably has a global perspective vs. what is best for US residents.

https://m.youtube.com/watch?v=1xEx0yoDlWk
Eagles probably can't be beat but these are all great coins.
User avatar
Smith1776
Executive Member
Executive Member
Posts: 2033
Joined: Fri Apr 21, 2017 6:01 pm

Re: American Eagle or Canadian Maple Leaf?

Post by Smith1776 » Thu Dec 24, 2020 1:28 am

Here in Canada the Canadian Maple Leaf bullion coins are not subject to sales tax. Many foreign coins are. As a result, for us, it's a no-brainer to just go with the Maple Leafs.
“On balance, the financial system subtracts value from society.”
― John C. Bogle
Post Reply