Eagles vs. Buffalos for my IRA - What's your take?

Timothy Reed

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Eagles vs. Buffalos for my IRA - What's your take?

timothy_reed💎Premium (500k-1m)

about 8 hours ago

Key Takeaways

•Alright folks, I'm trying to nail down my next gold IRA purchase and I'm stuck between American Gold Eagles and American Gold Buffalos.
•Most of that is Eagles, which I always just went with because, well, they're classic, right?
•But I've been doing some more reading lately and the Buffalos keep coming up.

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Alright folks, I'm trying to nail down my next gold IRA purchase and I'm stuck between American Gold Eagles and American Gold Buffalos. I've got a decent chunk now in my IRA, just north of $800k total, with about $150k of that in physical gold that I rolled over from my 401k a few years back. Most of that is Eagles, which I always just went with because, well, they're classic, right?

But I've been doing some more reading lately and the Buffalos keep coming up. I like the idea of pure 24k gold, seems simpler in a way, less fuss. The Eagles, with that bit of copper and silver, have always felt a little... dilution-y, even if it's for durability. I've worked with enough dairy equipment in my life to appreciate durability, but when it comes to gold, I kinda just want gold. My biggest concern is always how straightforward it is for my kids to liquidate this stuff down the road, and 24k feels like it takes away one more variable for a future buyer.

My dealer here in Madison usually stocks both, and the premiums have been pretty comparable on a per-ounce basis lately, maybe a slight edge to the Buffalo sometimes. I'm not looking to penny-pinch on a few bucks when we're talking about this kind of investment. What are your thoughts? Is there a tangible benefit to the Eagle beyond tradition and maybe slightly less ding-prone? Or is the 24k purity of the Buffalo really the way to go for an IRA in the long run?

Anyone got strong feelings one way or the other, especially if you've held both long-term in an IRA? Trying to decide if it's worth diversifying my next chunk into Buffalos or just sticking with what I know. Thanks for any insights.

3 comments

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Best Answer▲ 7 upvotes

catherine_bell🏆Advanced (250-500k)

Interesting debate, but honestly, why limit yourself to just those two? With $150k in gold already, you've got some good diversification. Have you considered some of the lesser-known but still IRS-approved options like Canadian Gold Maples or even some of the European coins? Sometimes you can snag those with a lower premium, which can make a difference over time, especially with that amount of capital. Just something to think about beyond the Eagles/Buffalos binary.

Comments (3)

thomas_walker🏆Advanced (250-500k)Real Investor✓ Verified•less than a minute ago

Hey, I literally had this exact same dilemma last year when I was adding to my gold holdings! Ended up going with a mix, honestly. A bit more Eagles just because they're so widely recognized, but a good chunk of Buffalos too for that pure gold advantage. Both are solid choices, good luck!

frank_rivera💎Premium (500k-1m)Real Investor•less than a minute ago

Hey, that's a good problem to have! Sounds like you've got a solid foundation already. Out of curiosity, what's the split of your current $150k in gold? Is it mostly Eagles, or do you have a mix of other types as well?