Took awhile, but AU is again back above 1300
northcoin
Posts: 4,987 ✭✭✭✭✭
Gold
$1,300.90 (+8.50)
03-12 3:00 PM EDT
Not sure what this portends for the coin market, if anything.
2
Comments
Still buying, for now.
Edit to add: May change the gold sold by the Mint to the next price range if it’s the COMEX spot $.
Still looking !!!
I do not think this small movement in gold will affect the coin market... usually takes sharp spikes or long term trends... Then people will buy/sell at the wrong times...
Cheers, RickO
Gold
$1,380.60 (+19.50)
06-19 11:44 PM EDT
Heading into $1400 territory .... and beyond?
just wait until they start bailing out banks again
Yay, it took awhile, but it's about time. Hopefully it holds !!!
Hopefully platinum and silver go along on the trip up.
you might consider that this "movement" is tied to another entirely different "movement" taking place --- those 1,000 U.S. troops currently being deployed to the area around Iran.
I expect that PM's will rise.
No comment.
Wow. That wasn’t easy but you were able to turn it into a political thread pretty quickly.
not my intention, only offering a reason why it has happened. everyone is usually curious about why prices do what they do and often it is sheer manipulation, often it is Political or involves World events.
looks like today is the highest it's been since June 2013 is that right?
March 17, 2014 was the last time gold was this high, over 5 years
Yes, I learned gold was up on Saturday when I was buying some British gold based on the melt value. The last time looked, it was in the $1,200s.
had to raise my prices on my listings, they were getting to active
over and above the spot price of Gold should be another mind-boggling fact --- at the current level of Gold at $1,383 and Silver at $15.33 the ratio of Silver/Gold is currently greater than 90:1!!! that is staggering and highlights how much Silver is lagging and how inflated Gold is right now. consider that at it's peak of $1,850 plus for Gold and almost $50 for Silver that the ratio was under 40:1.
The USM will surely adjust the AGE, Buffalos and $5 commems soon if they haven't already. I'm going to check their website as I know they have a formula for this.
I see another $10 should be added as latest price over $1390.
Momentum seems to be there to at least hit the $1400 mark.
Speculators must speculate. Doesn't mean that they are correct.
Gold
$1,404.50 (+16.10)
06-21 1:00 AM EDT
Ding Dong! The bell rang!
Right now, gold spot is @ 1,398.00 - an MS-62 1908 No Motto Saint is showing Price Guide value of $1,400.00 (which is probably 'generous' at that) - it's a "$2.00 coin?"
Question is: when do you think we'll see significant movement in gold coin prices? Specifically in "generic Saints?" Ever? Are there just too many "generics" out there to be anything more than slightly-glorified bullion? Do they not deserve better?
If you are gold bug and a collector, having $20 saints and libs as close to spot is the perfect combination. You get your bullion in the form of an aesthetic piece of real history. Buying Modern day gold Eagles....BORING!
Besides there are always higher graded $20 gold that have premiums to the moon.
Agreed!!
Maybe I'm being impatient - but assuming gold holds where it is, (and in fact continues to increase), how long generally does it take to show an effect on "generics?" (I wasn't in the game in 2008....)
There’s always an effect on the generics eventually. They usually spring foreword and overshoot a bit then settle back to where they like to sit relative to the price of gold. When gold goes up fast the prices can really overshoot before settling down. I’ve also noticed that the eBay prices sometimes go up as gold goes down again for a period of time. Been playing the game for a long time now!
A $20 contains 0.9675 Ozt, right now melt is $1353 so it's more like a $47 coin
Collector, occasional seller
Thanks for that! This will be an interesting ride, I believe...
I guess that makes me feel a little better about it.....(+$45 better)....;)
more accurately, that $20 Saint has a Numismatic value of $47 which is sort of ridiculous and strangely funny at the same time.
Probably should have bought some of the pieces I saw at Baltimore when it was $1275... :-/
Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.
Odd that what is considered by many to be the most beautiful and aesthetic coin design can be purchased with such a puny numismatic premium (3-4% in this case) for so little over spot. Any Common date Morgan dollar in AU55-62 probably sells with at least a 50-100% numismatic value over spot.
Interesting comparison. Supply must outbalance demand.
Gold
$1,405.30 (+5.80)
06-23 7:50 PM EDT
$1400 gold has a nice ring to it.
Gold
$1,407.80 (+8.30)
06-23 9:43 PM EDT
... and the rise continues.
Russia bought 200,000 ounces of gold right before the price spike.
And not one gold coin posted. We have to see something to grade or discuss, more than the price.
Guess the date , and grade.... or
get some, sooner than later.
My YouTube Channel
....we're at $1,420.00/oz and holding. This is pretty cool!
Gold
$1,427.20 (+7.40)
06-24 8:19 PM EDT
Gold
$1,431.00 (+11.20)
06-25 2:56 AM EDT
It seems like it was just yesterday that gold was treading $1,230. Maybe we really will see $1,900.00 gold again this year.
...seeing lots of 'green arrows' for generic gold $20's on the Price Guide this morning, finally! It's been a while...
^
My nomination for best user name on this board.
Gold
$1,425.90 (+7.20)
07-03 5:25 AM EDT
After a brief dip back below $1400 there seems to be some strength gathering to sustain $1400 plus gold.