American Eagles vs Buffalos - what are folks buying?

Timothy Reed

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American Eagles vs Buffalos - what are folks buying?

timothy_reed💎Premium (500k-1m)

3 months ago

Key Takeaways

•I've been pretty consistent with Eagles since setting up my Gold IRA a few years back, just felt like the standard.
•Got about $400k in the IRA now, mostly Eagles with a smattering of other stuff I picked up when prices dipped.
•Figured he knew his stuff, been with him since my dairy days.

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Been seeing a lot of back and forth lately about American Gold Eagles versus American Gold Buffalos, and honestly, it's making me wonder if I'm missing something. I've been pretty consistent with Eagles since setting up my Gold IRA a few years back, just felt like the standard. Got about $400k in the IRA now, mostly Eagles with a smattering of other stuff I picked up when prices dipped. My financial advisor back in Madison always just steered me towards Eagles, said they were the most recognized and easiest to liquidate if I ever needed to. Figured he knew his stuff, been with him since my dairy days.

My thinking was always simple: a 1 oz gold coin is a 1 oz gold coin, right? But now I'm seeing more posts here arguing for Buffalos because of the 24k purity. Eagles are 22k, I know, with that copper and silver alloy making them more durable. For a long-term hold in an IRA, does that 24k really make a significant difference in value or liquidity down the line? Or is it just a preference thing for collectors?

I'm not exactly looking to trade these things every other week, they're part of my retirement plan, bought them for stability against inflation and all the other craziness. But if there's a tangible benefit to going with Buffalos for future contributions, I'm all ears. What are the practical considerations beyond just the purity number? Anyone regretted going heavy one way or the other? Just curious what the consensus is among folks here who are doing similar long-term holds.

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8 comments

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Best Answer▲ 17 upvotes

dorothy_lopez💰Established (100-250k)

I rolled over about $80k last year. Honestly the hardest part was just picking which metals to hold. Still second-guessing myself.

Comments (8)

frank_rivera💎Premium (500k-1m)Real Investor•3 months ago

Totally get this. I was in a similar boat when I first started looking into my Gold IRA. Eagles just *felt* like the obvious choice because they're everywhere. But then I started seeing more and more threads about Buffalos and felt like I had to do a double-take. Ended up splitting my first purchase, a bit of both, just to scratch that itch and see which I liked holding more.

donald_nelson💎Premium (500k-1m)Real Investor✓ Verified•3 months ago

Hey, interesting post! When you say you've been consistent with Eagles, are we talking about the 1 oz bullion coins, or have you also diversified with some of the proof versions or fractional Eagles? Just curious how people are weighting that in their portfolios.

michelle_collins🏆Advanced (250-500k)Real Investor•3 months ago

Honestly, I'm a bit surprised by the "back and forth." While both are solid, I've always seen Eagles as the go-to for IRA investments due to their finer gold content and perceived liquidity. Buffalos are great too, but for pure investment, the Eagle just seems to have that slight edge in broad appeal. Maybe it's just what I'm used to, but it feels like the established choice for a reason.

gary_stewart📊Growing (50-100k)•15 days ago

Been looking into this myself — the fees on some of these custodians are wild. Anyone found one that doesn't gouge you?

dorothy_lopez💰Established (100-250k)Real Investor•15 days ago

I rolled over about $80k last year. Honestly the hardest part was just picking which metals to hold. Still second-guessing myself.

janet_cook📊Growing (50-100k)•15 days ago

Ngl I came here expecting the usual affiliate spam but the discussions are actually decent. Way better info than what I was getting from my old advisor.