With gold heading to its all time high, would those worthless Spouse coins be melted soon, thus decr
LALASD4
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With gold heading to its all time high, would those worthless Spouse coins be melted soon, thus decreasing its mintages.
Coin Collector, Chicken Owner, Licensed Tax Preparer & Insurance Broker/Agent.
San Diego, CA
San Diego, CA
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Hell, I don't need to exercise.....I get enough just pushing my luck.
Yes, at some point these things will be melted, same as the "Arts Medallions". In fact, many $10 and $20 gold pieces are also destined for the melting pot.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
San Diego, CA
Some of them, particularly the UNCs, have not been that good in price (figure mint issue price of $410 = $820/oz)
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
Recipient of the coveted "You Suck" award, April 2009 for cherrypicking a 1833 CBHD LM-5, and April 2022 for a 1835 LM-12, and again in Aug 2012 for picking off a 1952 FS-902.
<< <i>They'll sell at bullion, but they will never actually be melted. That just makes no sense. >>
I agree they show the amount and the quality of the gold as minted. This is a problem with some coins, Mexican 50 Pesos for one does not show the purity or weight on it.
<< <i>Lets hope they are all melted so we can finally drive a stake into the heart of all these FS threads. >>
No chance. We will then talk about the 5 or so surviving Marthas that will auction off for 1.2 million.
<< <i>Lets hope they are all melted so we can finally drive a stake into the heart of all these FS threads. >>
Wah!!!! I hope you call 911 for whoever must be holding the gun to your head to read them all
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
It’s a 16-year-old thread still worth discussing, especially now!
I have heard that a fair amount of modern five dollar gold commemorative coins head to the melters every year… So it wouldn’t surprise me if the more pure $10 gold spouses did as well. But looking at prices, nobody seems to care.
Are pre-1965 common-date junk silver coins still being melted? I remember in the past when these junk silver coins and even modern commemorative silver dollars were being melted.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
It would make perfect sense if the gold market is at some point being driven by buyers who want their gold in other forms. For example, central banks and mints around the world.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
@Crusty
"Got a flaming heart, can't get my fill"
What's the point of melting something that is already of known purity and weight? Just to make a bigger piece of gold?
Collector, occasional seller
Imagine a pile of first spouse coins, Saints and K-rands sprawled on top of this heap and you'll get the idea.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Good delivery bars that will never see the light of day outside of a vault?
I'd rather have the coins.
Collector, occasional seller
Low mintages do not equal demand. How many Canadian gold coins with mintages in the hundreds are still only worth melt?
Dream on - No Way - they are fantastic numismatic coins which I have retailed many of - slabbed 69 & 70. At one show setup retailed 4 of them, getting good money. I don’t give away low pop coins at melt. Spouse coins are a super investment buy. Calling them worthless - tirekicker BS lol.
If gold spouses and gold commemoratives ever gain any type of set builder demand it won’t take long for prices to rise. I highly recommend both series for gold stackers. They can be had for less then other sovereign gold coins and they have extremely low mintages. And yes these spouses are extremely ugly and have been melted since inception. If they ever get their day in the sun, I will be ready 😎
And how much OVER spot do you pay for them when you buy them?
Jeez, @jmlanzaf , you're just another "quote troll" cougar has to deal with. You should consider yourself lucky to receive his investment advice!
(Of course, he probably pays below spot because there is a spread, that's how it works on the bourse)
Oh goody a fight.
Who's taking bets?
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
There’s a small premium on spouses, more on Gold Eagles. Shop around.
Gold Eagles are not spouses. And the question was to Cougar who I guarantee will not pay over melt for them except MAYBE the 70s. He's always bragging that he needs to make "more than 10%" on a coin. Yet, suddenly, he's paying a premium for 69 spouses? I doubt it.
And if wholesale bid is spot or, often, 98% on spouses, they are bullion.
AGEs always carry a premium, usually even at wholesale.
Edited to add: Upstate is currently buying the spouses at 99% of melt and selling at 0.25% over. ZERO POINT TWO FIVE PERCENT OVER which is roughly a $2.50 premium.
AGEs are bid at 4.4% over for 1/2 oz and seeking at 5.5%
Both are simply bullion coins.
If I recall, back in the day these gold coins were unaffectionately known as the "First Hags."
Let them Chase their $2.50 premium lol
If see them at a show will check it out / pickup some for inventory. Are these slabbed or raw?
That’s a tragedy see people giving them away at melt or barely over if gold is truly moving up. See some on the bay at $1063 raw but wonder how banged up they may be.
Did I say Spouses were Gold Eagles?
Dealer I have worked w has purchased my Spouses for a small premium.
Uncs or proofs. Proofs are different.
You put spouses and Gold Eagles in the same sentence.
You should change your thread title. At about $1000 each, they are hardly "worthless" as you call them.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Proofs.
Super "investment" for you, not the buyer.
It's a series with essentially no hobbyist collector appeal. Recurrent low mintage doesn’t make it interesting to hobbyist collectors as it isn’t actually scarce, except for financial speculation. The coins are relatively common for the surviving quality while the coin attributes aren’t interesting enough to motivate enough hobbyist collectors to buy it at noticeably higher prices as a longer-term hold. Only meaningful “plus” is that it can be bought at low premiums to spot, which is exactly where I expect all to remain absent increased speculation.
It's evident that the majority of demand for this series comes from speculators (supposed "investors") buying it for the supposed "rarity".
Should we add $5 dollar gold commemoratives to the discussion? I was on a quest to assemble an uncirculated set of coins. However, the rise in gold prices put that project on hold. It was my bullion play. And admittingly, a speculative endeavor based on mintages.
@Cougar1978 ...do you sell these at a premium based on mintages or grades?
This is a 16 years old resurrected thread. OP hasn't logged in since 2019. Probably not happening
I've considered it too, but it takes more effort to buy any at low enough premiums to acquire it in any volume.
I haven't looked consistently, but I'd rather buy the $10AGE for roughly the same premium.
Oh boy...
This newbie needs to look at the date of the thread before commenting.
Don’t have any of the spouses at this time. Pricing would be based on what trading for in the marketplace, other sellers, CDN CPG.
Uncs or proofs.> @percyb said:
There is a slight premium on Proofs.
I'm still waiting for you to tell me what you are paying. Since you're paying a significant premium to melt, I can get you all you need. Or are you just a tirekicker?
That’s weird of you - what makes u think I would buy from u anyway. Not looking for any at this time. What I pay based on current market conditions, confidential with the seller.
Can't say for sure, even with the rise in bullion prices, there are far fewer of these offered on the three auction houses I follow in comparison than two years ago.
He's not looking for any because of current market conditions but they are a super investment buy. And is unwilling to quote his premium to melt because it's confidential despite the prices being widely available everywhere because they are bullion.
It's very difficult for me to stay within forum rules right now.
I love my Dolley Madison. Not selling it for spot.
Just calling his bluff. He argued that they were NOT bullion and called anyone who thought they were "tirekickers", a favorite term of derision of his.
Translation from Cougarese: I buy these at melt and mark them up to $1200 to sell them.
Why would you not buy from me if you could make big money?
Why does that matter? Coug clearly pointed out he sold at a profit, so honestly, it does not matter to the conversation here......... Bone to pick?