$5 gold American Eagle for $80.00.

1/10 oz gold coins are $5 and they sell for well over $100 (varies based on gold price), so $80 is a sweet deal.
Silver coin is worth about $25, so again a good deal
HOWEVER, most of these sign you up for a subscription to cover the initial good deal. I am not familiar with this company, so feel free to check them out:
1st American Reserve

kreon360 said: How is paying $80 for $5 a hot deal. SPAM!~
The gold the coin is made of is worth way more than its $5 face value.

OP, pls clearify...the deal is on-line or on-phone ???
Thanks a ton for sharing...

Edited:
It's on-phone deal.
If you asked me it's a good deal or not, the answer is...yes. You pay for the cost of 1/10 oz gold, though the tender value of a coin is only $5.

In for 1... (I wish I can order more than 1.)

I just placed an order using the phone number from the OP. Quick and painless experience. 2008 $5 gold Eagle coin for $80 and 2009 $1 Silver American Eagle for $12.50. Total of $92.50 and free shipping is a great deal. They asked for email to send confirmation number (also gave it over the phone) and said it will take 2-3 weeks for me to receive. He asked if I was interested in a $5 something or other (declined) and a free magnifying glass (accepted). No other hard sell, which makes it much better than other coin advertisements from the past.

All in all, very happy to have found this post and place the order. I guess I'll keep my fingers crossed and post when (if) I receive. Thanks OP!

He did ask for the verification code in the OP to access the offer.

JonesBeach said: OP has one post, and it's this one. Not an automatic disqualifier, but certainly enough to raise some red flags.

Also, why are the quantities limited on these kinds of deals? And if the coins are really that valuable, why aren't they sold at auction to the highest bidder, as is the case with most truly worthwhile collectables?

I've never heard anybody say that coins that were sold in bulk through TV or magazine offers are worth the time, effort, and money in the long run. In fact I have to laugh at some of the current offers out there right now for coins with Barack Obama's picture painted on "Liberian legal tender" coins, etc. Even poor Montel Williams is now doing informercials for coins (the poor guy must have some big bills to pay to have to wade into this stuff).

you would think that there was no way to lose more respect for montel williams after the montel williams show... ...it turns out that there is...

wow

.

cyberslider said: Give this thread some green.....it's an easy $40 earned by making one phone call.
Yeah right, lets see who wants to buy these coins off of you once you get it.

xbrady said: cyberslider said: Give this thread some green.....it's an easy $40 earned by making one phone call.
Yeah right, lets see who wants to buy these coins off of you once you get it.

Well, you could always turn around and mail the coins in to Cash4Gold, because they say in their ads that they always pay top dollar.

Yeah right.

arctan1701 said: you would think that there was no way to lose more respect for montel williams after the montel williams show... ...it turns out that there is...

The tragic thing was that he had so much going for him in the past. He came from humble beginnings, was identified as having potential, is a Naval Academy graduate and decorated Navy officer, and found an appreciative audience for his TV show which most people regarded as a serious and worthy endeavor among the Jerry Springers and Maury Povich circuses of the TV world. It's one thing for the likes of Eric Estrada to do swamp land informercials, it's another thing for a guy like Montel to pitch similarly dubious things to buy.

xbrady said: cyberslider said: Give this thread some green.....it's an easy $40 earned by making one phone call.
Yeah right, lets see who wants to buy these coins off of you once you get it.

One per household will keep numbers down, and a lot of people (myself included) will probably just keep it. The $4.95 Silver Eagle offers of the past couple years did very little to drag down the price those were going for on eBay. The golds will likely do even better.

The eagle golds are 22K....not 24, so you aren't getting quite 1/10oz of gold.

Kitco will pay $85.29 for the gold eagle....they normally pay close to spot, though. The silver coin is a so-so deal......nowhere near as good as the Littleton deals last year at $8.95 when silver peaked above $20 (that was an easy $60-70 an order in profit).

I buy a bit of stuff from AJPM in portland and they also have online buy/sell prices in 1oz quantities and you can walk in to sell without paying shipping. As a rule of thumb take the value of the metal content and add 4-5% for the bullion eagle coins which have a bit of collectable value and value from the hoarders buying them up for doomsday funds buried in the back yard. For gold at $860......you could probably sell the 1/10oz gold coin for around $90 or so if you went to a local shop that buys/sells bullion.

JonesBeach said: xbrady said: cyberslider said: Give this thread some green.....it's an easy $40 earned by making one phone call.
Yeah right, lets see who wants to buy these coins off of you once you get it.

Well, you could always turn around and mail the coins in to Cash4Gold, because they say in their ads that they always pay top dollar.

Yeah right.

somewhere around 1% of spot i think. we should all partner up and compete with cash4gold by offering 2% of spot!

qube said: Lot of new members posting a lot of nonsense and a lot of other new accounts saying what a great deal it is. Funny how that works.

I've been around for awhile, but I don't get how it works....I feel left out.

sylaw said: Your information is incorrect. gold eagles are 22k but the 1/10 oz means 1/10 of 24k gold. The coin itself weighs more than 1/10 of a oz.

Per http://usmint.gov/mint_programs/american_eagles/index.cfm?Action... the coins are 22k, and are "...minted in four weights - 1/10, 1/4, 1/2 and 1 ounce."

per http://en.wikipedia.org/wiki/American_Gold_Eagle, the coin is 91.67% gold (22 karat), 3% silver, and 5.33% copper. And Gross weight: 0.1091 troy oz (3.393 g)

3.393 g at 91.76% = 3.1134168 g pure gold. Gold is trading at $856 an oz, so lets round up and call it $860. 3.1134168 grams = 0.100098674 troy ounce.

Therefore, at today's (current) spot price, this coin has $86.08485964 worth of pure gold in it. You can probably sell the coin for about $80, but unless the price of gold goes up a lot, you are not going to make big money on this. Maybe $10 or $20 if the price of gold goes up and someone pays a premium for the fact that it is a coin.

Not a bad deal, just not really hot.

triplelake said: You really have no idea about bullion coins. All 1/10oz bullion coins contain 1/10 troy oz gold. 22K coins are mixed with other metals.

funny thing - I just caught my mistake and corrected it. Gross weight: 0.1091 troy oz (3.393 g) so it is about 1/10 oz pure. And you are correct - I am use to dealing in bullion, not bullion coins - I like bars that are .9999 pure, it makes life (and the math) easier...

Thanks!

odd, I just looked at the American Silver Eagle, and they are 99.9% pure silver - is it only gold bullion coins that are 22k?

mhos said: You obviously don't know jack about gold if you think making a coin out of .9999% gold is a good idea.

really? I don't recall saying that I know a lot about gold, nor did I say it was a good idea to make a coin out of .9999% gold (I assume you meant 99.99%, or .9999). But thank you for your keen insight all the same.

mhos said:
You obviously don't know jack about gold if you think making a coin out of .9999% gold is a good idea.
You obviously don't know jack if you think that .9999% is the same thing as .9999 or 99%.

xbrady said: mhos said:
You obviously don't know jack about gold if you think making a coin out of .9999% gold is a good idea.
You obviously don't know jack if you think that .9999% is the same thing as .9999 or 99%.

I don't. It was a mistake which I corrected 20 minutes before you quoted me. And .9999 gold bullion coins do exist. I was thinking of coins as collectables and not coins as bullion. So I apologize for speaking out too soon without verifying my info.

JonesBeach said: OP has one post, and it's this one. Not an automatic disqualifier, but certainly enough to raise some red flags.

Also, why are the quantities limited on these kinds of deals? And if the coins are really that valuable, why aren't they sold at auction to the highest bidder, as is the case with most truly worthwhile collectables?

I've never heard anybody say that coins that were sold in bulk through TV or magazine offers are worth the time, effort, and money in the long run. In fact I have to laugh at some of the current offers out there right now for coins with Barack Obama's picture painted on "Liberian legal tender" coins, etc. Even poor Montel Williams is now doing informercials for coins (the poor guy must have some big bills to pay to have to wade into this stuff).I reminded of a joke by Jerry Seinfeld. He spoke of "Limited" edition cars. He said they are limited to the number the company can sell.