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What would be the price of a gold proof coin over the cost of gold?
zayda

Comments

  • LanLordLanLord Posts: 11,725 ✭✭✭✭✭
    your question is way too open ended to answer.

  • fcfc Posts: 12,793 ✭✭✭
    5-100 times over spot?

    proof gold is so expensive that i do not even look at it
    except at places like coinfacts
  • DaveGDaveG Posts: 3,535
    Zayda,

    What kind of gold proof coin are you talking about?

    A modern US commemorative? A modern Gold Eagle? A modern foreign commemorative? A 20th century (1900-1933) US coin? A 19th century US coin?

    You can see what the modern Gold Eagle proofs sell for on the Mint website. Some of the modern US commemoratives sell for little more than their bullion content. Some of the 19th and 20th century US gold proof coins sell for $10,000 or much more.

    Check out the Southern Gold Society

  • BECOKABECOKA Posts: 16,961 ✭✭✭
    I have found that modern gold $50 proofs sell for just a few dollars more than the MS coins on E-bay (MS being the price of gold since it is just bullion with a picture). There have been many cases where the MS sells for more. I just don't get it. I thought I was getting a steal when I bought a few proof's and found out I got whipped when I tried to sell them for less.

    Now if you are talking about Proof coins from the Late 1800's or early 1900's that is a different story. You may need to rob a bank if you want some proofs in a decent grade.
  • For modern commems, there really isn't any difference,

    For Gold Eagles, sometimes a few bucks and sometimes as much as 100 bucks. I've seen all sorts of variations there.

    Personally, I'm buying gold bullion. I won't pay a penny more if it's a proof. I get them at the same prices or I pass.
    "Lenin is certainly right. There is no subtler or more severe means of overturning the existing basis of society(destroy capitalism) than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose."
    John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff

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