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Effect of Rising Gold Prices on Marginal Collector Coins...?

BailathaclBailathacl Posts: 1,042 ✭✭✭
in World & Ancient Coins Forum

Can anyone advise as to how the rising price for gold bullion has affected the values of collector coins? Back when gold was in the low $400s, it was common to find coins priced at "bullion value +10%". As gold soars past $700, does that 10% figure hold more or less for a given coin? Or does the premium over bullion remain at the same dollar figure as it was when gold was barely $400?

Is there a clear answer on this, or do we need to wait for the dust to settle?

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Comments

  • theboz11theboz11 Posts: 6,576 ✭✭✭
    Actually the price of the coins has not kept up with the price of gold and pieces can be found by the sharp hunter below melt , even on non bullion gold coins. I just picked up a couple Malaysia 200 Ringgets with mintages of less than a thousand below melt.
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  • Steve27Steve27 Posts: 13,275 ✭✭✭
    With the recent plunge that gold has taken, I suspect that you could find a lot of gold coins for sale below melt.
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