Eagles vs. Buffalos for my Gold IRA - what's the consensus?

Steven Mitchell

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Eagles vs. Buffalos for my Gold IRA - what's the consensus?

steven_mitchell🏆Advanced (250-500k)

about 2 months ago

Key Takeaways

•Alright, so I’m looking to add another 50k or so to my Gold IRA this quarter.
•My last big addition a few years back was mostly American Gold Eagles, a mix of 1 oz and some fractional.
•I like the Eagles, they’re classic, recognizable, and the premiums weren’t too bad at the time.

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Alright, so I’m looking to add another 50k or so to my Gold IRA this quarter. I’ve currently got about 300k invested in physical gold through my SDIRA, and it’s been a real anchor in these turbulent times, especially with the manufacturing sector feeling a bit wobbly up here in Cleveland. Most of what I've got are actually some older pre-70s world coins I inherited, which my previous custodian let me roll in, but for new purchases, it's gotta be US Mint for the IRA compliance.

My last big addition a few years back was mostly American Gold Eagles, a mix of 1 oz and some fractional. I like the Eagles, they’re classic, recognizable, and the premiums weren’t too bad at the time. But I've been doing some more research on the Gold Buffalo, and honestly, the purity (24k vs. 22k for the Eagle) is really making me wonder if I should switch gears for this next tranche. My gut tells me 24k is just… simpler. No alloy to worry about, just pure gold.

The premium on the Buffalos seems to be consistently a little higher than the Eagles when I check a few of the reputable dealers. For a 50k purchase, that difference can add up. My wife thinks I'm overthinking it and should just stick with what I know, but I’m a hard assets guy, and when it comes to gold, purity feels like a pretty fundamental factor. Is that extra 2% of gold really worth the slightly increased premium, or am I just buying into the marketing hype?

Those of you with significant gold holdings in your IRAs, what’s your preference and why? Have you noticed any difference in liquidity or resale value between the two when you've gone to sell? Any Cleveland or Ohio folks with particular dealer recommendations for either coin right now?

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4 comments

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Best Answer▲ 9 upvotes

ronald_morris👑Elite (1m-5m)

Hey, I hear ya on the Eagles vs. Buffalos debate! Honestly, for my Gold IRA, I went with a mix and haven't regretted it. Wanted a bit of both worlds, and my custodian was cool with it. Good luck with the next 50k!

Comments (4)

ronald_morris👑Elite (1m-5m)Real Investor•about 2 months ago

janet_cook📊Growing (50-100k)•about 2 months ago

Interesting comparison! Sounds like you've got a solid foundation already. When you say "Eagles vs. Buffalos," are you referring to American Gold Eagles and American Gold Buffalo coins specifically, or just using those as general terms for sovereign minted bullion vs. other forms of gold?

richard_garcia👑Elite (1m-5m)Real Investor•about 2 months ago

Honestly, I'm a bit surprised you're still debating between Eagles and Buffalos for *all* of your Gold IRA contributions at this point. While they're both solid choices for sure, I've seen more and more folks diversifying a bit more within their IRA. Why not consider a smaller percentage of something like Canadian Maple Leafs or even some pre-1933 US gold coins if you're looking for a slightly different premium play or historical value?

Cleveland, huh? Hope things pick up for you there. Diversifying the types of gold you hold might be a good call, especially if you're thinking about potential resale down the line and wanting to appeal to different types of buyers.

steven_mitchell🏆Advanced (250-500k)Real Investor✓ Verified•about 2 months ago

Hey, cool to see someone else using physical gold in their SDIRA. It's definitely a solid move for stability, especially these days. Regarding Eagles vs. Buffalos, you really can't go wrong with either for an IRA since they're both 24k and meet the IRS purity standards.

My two cents: if you're not already, make sure you're using a reputable custodian that offers segregated storage. It's a small detail but can make a big difference for peace of mind, knowing your specific coins are held separately. I found this article on choosing an IRA custodian super helpful when I was setting mine up: https://www.investopedia.com/best-gold-ira-companies-67439

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