I averaged my last 90 days of sales of US Gold and Silver and compared it to spot. Startling.
Well, this was an eye-opening experience. I recommend everyone do similar.
As the title says I calculated my last few months of sales on all my accounts. Here are the numbers I've found most interesting.
Pre 33 Gold Face Value:
Included in this bracket are low to mid range, some cleaned gold, a few one-off gemmy types but not really. No jewelry pieces. Fairly average and balanced each other out, no keys. The amount of slightly over vs sold slightly under is well balanced in this group. $2175 per G$15 Face, or $145/G$1.
($1 FV Gold is $90 when gold is at 1850.)
Quarter eagles, low MS and high AU, but no garbage and all straight grades: $5215 per $32.5 face, or $160/G$1
Some genuine or raw $5 averaged $3625 per G$25, or $142 per G$1.
Or for the whole group, $11,015 per $72.50 Gold Face, or $151.93/G$1.
I also achieved $150 G$1 Face Value when I averaged some raw, semi-regular halfway decent $5 gold over the past 180 days.
I didn't include collector gold, or beans, or anything too far out of variance.
I don't sell enough big gold for any meaningful trends to stand out, so I left it alone.
Silver 90% Face Value
When I say junk I mean junk. This averaged a silver value of $25/oz (not face) for garbage 90%. This includes culls, AG/G type stuff, but does NOT include 40%.
I sold some FV silver below spot but left those numbers in. I can realistically expect the true price of silver to be higher than at least $25/oz.
Mid grade XF/AU+ straight grades averaged $28/oz. These are fairly conservative numbers, as I was in some 90% super good and didnt mind getting a couple dozen people in the hobby, so those 72 sales or whatever really tanked the number.
Anything else on up, all inclusive category of the rest: $31.33 per ounce, which includes BU and UNC rolls or original surfaces, but does not include proof rolls or OBW etc.
Which is right about where generic rounds fell, at $32.13/oz
Raw Eagles, Maples, Libertads averaged almost $36/oz. This category includes raw proofs heavy on the eagle and maple side. Oddly enough, is right around where proof and unc half dollars fell, along with proof quarters (but not unc WQ which fell closer to generics, along with all dimes).
Slabbed Premium Silver (maples eagles libertads) clocked in at $66.87/oz.
This category is proof coins, west point silver eagles, fairly collectible run of the mill stuff but nothing fancy. Proof Rand fall into this category. More sub PF70/PR70 than perfect examples. I don't own or sell enough pandas and I didn't include modern commemorative collector pieces since those would just skyrocket my numbers and make them useless.
^ The last 2 months of MS70 eagles brought this number down super hard.
I averaged 49qty PCGS/NGC 1/10oz BU American Gold Eagles with misc raw proofs which came to approximately $2750/oz gold.
As I said, this was an eye opening experience for me. I suggest you do the same for a better idea on the real price of gold and silver. I'm sure this will vary dealer to dealer and I'm just a hobbyist. I can only imagine these numbers are higher for professionals or established Ebay sellers.
Honestly? It looks like anything based off manipulated market prices is a buy, and selling at those prices is leaving money on the table.