US Mint - Always such a high premium Gold?
csdot
Posts: 694 ✭✭✭✭
It has been a decade since I have purchased gold from the US Mint directly (probably the UHR in 2009), so I apologize if this is common knowledge or a recent topic of conversation that I just missed.
With gold currently hovering around $1,940 an ounce, the seigniorage on gold is nearly $700 or 35%. Maybe I am just noticing it because $700 is a lot of premium for bullion, even proof bullion, and I don't imagine your neighborhood coin shop or gold place would recognize anywhere near this premium when buying or selling. Has the US Mint's vig always been this high percentage-wise?
https://catalog.usmint.gov/american-buffalo-2020-one-ounce-gold-proof-coin-20EL.html?navid=xsellpdp
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no, the 1/2 ounce first spouse 2007 Martha Washington cost 410 each from the mint and the spot gold price per ounce was 670 at the time. i remember because i bought several