They are back.....
Coin Finder
Posts: 7,511 ✭✭✭✭✭
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Coin Finder
Posts: 7,511 ✭✭✭✭✭
Coin Finder
Posts: 7,511 ✭✭✭✭✭
Comments
Proof linky
JH
Proof Buffalo Registry Set
Capped Bust Quarters Registry Set
Proof Walking Liberty Halves Registry Set
Most 1/10th oz proofs were priced at $750 there.
Gee............and close to only $400 of spot!
Are these hand carved?
The name is LEE!
Hoard the keys.
<< <i>Why can't the Mint adjust pricing for these as spot fluctuates, on a daily or weekly basis, instead of having to go away to a corner for a few weeks and "figger"? Of course, at those prices maybe spot doesn't have a whole lot to do with it. >>
They could...if they removed any option of return privileges.
Also, if they didn't worry about folks not buying for awhile because of fluidity in the PM market and waiting to see what happens....
Would YOU buy (if you have already been a buyer in the past) at spot+ prices if the mint had ZERO return policy for you?
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
TD
<< <i>What were the platinum prices before they went off sale for so long?
TD >>
The 2008 American Eagle platinum proof coin (one ounce) was priced at $2,509.95 when they pulled them.
<< <i>
<< <i>Why can't the Mint adjust pricing for these as spot fluctuates, on a daily or weekly basis, instead of having to go away to a corner for a few weeks and "figger"? Of course, at those prices maybe spot doesn't have a whole lot to do with it. >>
They could...if they removed any option of return privileges.
Also, if they didn't worry about folks not buying for awhile because of fluidity in the PM market and waiting to see what happens....
Would YOU buy (if you have already been a buyer in the past) at spot+ prices if the mint had ZERO return policy for you? >>
I guess it depends on whether you're buying these as bullion or as collector coins. As a collector, the premium over spot shouldn't matter - they cost what they cost without a real relationship to the metal price (within reason). And you would want to return them if the quality didn't meet your standards. As a bullion buyer, you want the premium to be as small as possible, and wouldn't care as much about the quality. So no return privilege wouldn't be a big deal. The problem is that some buyers want to be able to take advantage of market moves and send the coins back if it declines, putting 100% of the risk on the Mint. That risk IMO is what is causing the high premium over spot.
<< <i>
<< <i>
<< <i>Why can't the Mint adjust pricing for these as spot fluctuates, on a daily or weekly basis, instead of having to go away to a corner for a few weeks and "figger"? Of course, at those prices maybe spot doesn't have a whole lot to do with it. >>
They could...if they removed any option of return privileges.
Also, if they didn't worry about folks not buying for awhile because of fluidity in the PM market and waiting to see what happens....
Would YOU buy (if you have already been a buyer in the past) at spot+ prices if the mint had ZERO return policy for you? >>
I guess it depends on whether you're buying these as bullion or as collector coins. As a collector, the premium over spot shouldn't matter - they cost what they cost without a real relationship to the metal price (within reason). And you would want to return them if the quality didn't meet your standards. As a bullion buyer, you want the premium to be as small as possible, and wouldn't care as much about the quality. So no return privilege wouldn't be a big deal. The problem is that some buyers want to be able to take advantage of market moves and send the coins back if it declines, putting 100% of the risk on the Mint. That risk IMO is what is causing the high premium over spot. >>
Yep...that is my point exactly....those that game the system end up costing others (collectors) more.
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