Why Would You Choose Precious Metals from One Mint Over Another?
If you’re new to the world of precious metals, you might wonder if there are any reasons to choose bullion products from one mint over another. Is there a difference in value or purity that makes collectors and investors favor one mint’s products over another?
When you set out to buy bullion, did you have a specific goal, like buying one Gold Eagle per year? Or did you look for the lowest price possible? You might want to choose one mint’s products over another for several reasons.
Paying a Premium on Bullion and Rounds
What is your intention with precious metals? If it is to pay the lowest dollar for the most silver and gold possible, premiums might inspire you rather than specific mint’s coin series.
For instance, the pandemic caused American Silver Eagle premiums to increase to historic levels. Some of the elements that affect that are the limited silver supply used to produce Silver Eagles, as well as a high demand for eagles among collectors and silver stackers.
Mint Products That are In-Demand and Have High Liquidity
Buying gold and silver bullion and coins is an investment- And one that you may want to liquidate quickly when the time comes. It’s good to consider mint products that are consistently in demand. In-demand bullion products, bars, and rounds will be easier to liquidate.
Mints that are well known, especially sovereign mints like the US Mint, the Perth Mint, the Royal Canadian Mint, etc. all produce well known products that are popular and easy to liquidate. Private mints that are more well known include Valcambi and PAMP Suisse.
Other Factors that Influence Decisions to Choose One Mint’s Products Over Another
Reputation: Some mints have outstanding reputations for producing quality bullion products.
Product Selection: Some mints focus on gold products, and you may want to buy gold, silver, and platinum bullion.
Availability: The ability to easily purchase bullion products from a specific mint, or receive your purchased items faster, can impact the decision.
Premiums: Like our example with the Silver Eagles, the additional cost for a bullion product for one mint could be higher than another.
Design: You may prefer one mint’s designs to another and that is a perfectly valid reason to prefer that mint’s products.
Ultimately, choosing products made by one mint over another is a personal choice, and you should base it on your own needs, preferences, and investment goals.