Are contracts ever sold on coins where the goods are not needed to be delivered.

SethChandler

Much like a bearer note. Could a contract of, in lite of the recent surge in gold, exist if a person could buy 1000 PCGS MS65 Saints, with the seller promising to deliver, on demand. The note would openly trade on an exchange, like Eureka. Purely for speculative reasons......but would it bring better buy/spreads and liquidity?

Seth

MrEureka

would it bring better buy/spreads and liquidity?

Yes, but it would also bring regulation. It cannot be worth those costs, at least for now.

Coinosaurus

This is kinda what the gold scammers were doing in the 1980s - you would buy gold bullion from them, they would "store" it for you and then you could, in theory, later sell it without ever taking possession of it.

So, know you why this kind of thing gets regulated

sinin1

why do it on gold coins when you can do it with gold or silver bullion?

happens all the time around the world (Chicago, New York, London, ...)

they are called futures contracts, but I have to guess you already know that.