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

Joyce Cooper

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

joyce_cooper📊Growing (50-100k)

about 11 hours ago

Key Takeaways

•Alright, so I'm trying to figure out the best way to diversify my Gold IRA a bit more.
•I've got around $75K in there right now, mostly in some older S.
•African Krugerrands that I picked up years ago, and I sold off a chunk of my growth stocks last month to add another $20k.

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Alright, so I'm trying to figure out the best way to diversify my Gold IRA a bit more. I've got around $75K in there right now, mostly in some older S. African Krugerrands that I picked up years ago, and I sold off a chunk of my growth stocks last month to add another $20k. Being a principal here in Little Rock, I'm always looking for ways to set a good example with my own financial planning, especially since I teach financial literacy to our older students. So, I'm stuck between American Gold Eagles and American Gold Buffalos for this new addition.

On one hand, the Eagles are classic, fractional options, and have that 22-karat durability. That's appealing for long-term holding, and they're recognized everywhere. But then the Buffalos, with their 24-karat pure gold, really tug at that "true intrinsic value" string for me. I've been reading a lot about how premiums can vary and how liquidity might be slightly different. Is the purity of the Buffalo really that much of an advantage for an IRA over the long haul, or is it mostly just a preference thing?

My main goal here is wealth preservation for retirement, nothing crazy. I'm not planning on selling these anytime soon, probably for another 15-20 years. I'm trying to weigh the slight premium difference between the two against the purity aspect. For those of you who've gone with one over the other, what was your reasoning? Did you regret your choice later, or was it exactly what you expected? I'm trying to make the most informed decision possible for my IRA and my peace of mind. Thanks in advance for any insights!

3 comments

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Best Answer▲ 10 upvotes

michael_anderson🏆Advanced (250-500k)

Interesting! So you're looking at Eagles and Buffalos to diversify. What's making you lean towards those specifically over other options like perhaps Canadian Maples or even some of the newer, more unique sovereign coins?

Comments (3)

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

Totally get this dilemma! I had a similar situation a few years back when I was adding to my IRA. Had some St. Gaudens in there and was debating between Eagles and Buffalos for the new allocation. Ended up going with Buffalos for the pure gold content and the aesthetic, honestly. No regrets so far, but both are solid choices!

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

karen_robinson💼Starter (0-50k)•less than a minute ago

Honestly man, Eagles vs. Buffalos is a bit of a dated discussion when it comes to *IRAs*. Yeah, they're both government-backed, but the real talk is about premiums. Are you buying these new or looking for secondary market deals? Sometimes the numismatic value or collectibility of certain years can eat into your 'pure' gold investment, which isn't ideal for a retirement account where you're looking for commodity price appreciation.

I'd really look at what kind of premiums you're actually paying for either coin, and if there are other, more generic options with lower premiums out there that your IRA custodian accepts. You're trying to stack ounces, not necessarily collect specific designs, especially with $95k on the line.

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