Proof Gold Eagle Sets

Mikey

With gold at $400 an ounce, why aren't these sets going up in price. I guess if the mint charges more, the older sets will go up in price. No one seems very interested.

EvilMCT

The interest is there, the funds aren't.

Ken

ohbaby

The premium for the coin was/is so high it does not interest metals speculators. Better to buy non proof, pure bullion play to getthe bump.

relayer

The Mint already has a big profit built into their bullion.

BillJones

The trouble with these gold and platinum bullion sets is that a collector has to tie up a lot of money to own them. I’ve got one gold Proof set, and that’s it. I’d never try to keep up with a date set series because it would take too many funds that I would MUCH sooner spend on other coins.

I’m sure that has contributed to keeping the prices down.

TheNumish

Proof Gold Eagles is a tricky market. there are two reasons:

1)The quantity buyers are telemarketers who put the sets into customers IRA accounts. They have a set level the like to pay that stays the same whether gold goes up or down.

2)Demand is pretty steady. When gold is low there aren't as many sets available and the premium goes up. I remember a few years ago the premium was $250 an oz over gold. When gold goes up all the sudden people start selling their proof gold eagles and there are more on the market. That means the premium goes down.

Mikey

Should I break these sets up and have them graded?