Premiums on US eagles are ridiculous.

kiyote

How's things on the selling side? Are dealers paying extra when they buy them back? I just can't see spending $920 on a common date unc gold eagle when spot is the the low $700s.

19Lyds

I could be very wrong but I'm thinking that speculators/dealers that purchased at the $850 or $900 level will be less that eager to sell at Spot plus a couple of percentage points.

I think that this is where the "collectibility" card gets played.

Amigo

Premiums may be ridiculous but I just sold 14 gold coins last weekend at a show. Both the public and Dealers were eager to pay huge premiums. $1000 even for circulated raw common date double eagles, graded with larger premiums. I could've sold bunches more if I had them. There seems to be a real disconnect between bullion futures price and 'here and now' physical bullion prices.

doh

<< <i>There seems to be a real disconnect between bullion futures price and 'here and now' physical bullion prices. >>

ajbauman

Check the Precious Metals board... there has been a retail shortage for some time and the premiums have slowly been declining. I'm pretty sure that these prices will stay where they are for a while and that as metals increases in price the premiums will shrink.

LALASD4

<< <i>

<< <i>There seems to be a real disconnect between bullion futures price and 'here and now' physical bullion prices. >>


>>



Maybe because all IOU's, not just metals are selling at a discount.

ziggy29

All this shows is the market's vote of "no confidence" for paper assets of just about any kind these days.

Steve27

Just wait until the Mint procures new stock for the 2009 SAEs and GAEs; the prices will start falling once they start producing. There is no shortage of gold or silver near melt pricing, it's just not available in small denominations.

TheRaven

I was not able to find any american eagles so it did not really matter......

rgCoinGuy

That's nothing, try buying a silver eagle for that percent over spot!

derryb

There are now two markets for precious metals: the spot price and the REAL price.

Silver Premium Data

kiyote

I dropped by my local coin dealer to see what the deal was but he had NO gold to sell, at all. He usually has about ten ozs laying around in his front display case.

OneCent

<< <i>Just wait until the Mint procures new stock for the 2009 SAEs and GAEs; the prices will start falling once they start producing. There is no shortage of gold or silver near melt pricing, it's just not available in small denominations. >>

rjsriv

The spot price is a "Paper " price and that paper is Charmin-- And we know what could be done with that paper