How do YOU make an offer for RAW Gold?

TorinoCobra71

I like to get/ask around SPOT PRICE + 25%

What do you do?

For a coin that IS NOT PCGS/NGC graded?

TIA

TC

RYK

I generally look at the coin, grade it, and estimate what it is worth to me (based on published guides, Heritage bids and recent auction activity). It's the same process I use for slabbed gold.

TorinoCobra71

<< <i>I generally look at the coin, grade it, and estimate what it is worth to me (based on published guides, Heritage bids and recent auction activity). It's the same process I use for slabbed gold. >>



ok lets assume that this is an UNC peice in OGP.

garsmith

<< <i>

<< <i>I generally look at the coin, grade it, and estimate what it is worth to me (based on published guides, Heritage bids and recent auction activity). It's the same process I use for slabbed gold. >>



ok lets assume that this is an UNC peice in OGP. >>



Coins on OGP should grade at least 65 more likely 68 or better - you need to look at the coin there is no one good answer to your question not all coins are equal so you have to judge the coin(s) you are buying.

dizzyfoxx

How do YOU make an offer for RAW Gold?

Very carefully and with a great deal of scrutiny.

TwoSides2aCoin

My ears help me make the offer more than my mouth or wallet ever could.
Yet, it always depends on the piece and fellow participant.

Steve27

Look at completed sales on ebay; there's usually a lot of gold being sold in OGP (under bullion, commemoratives, or by denomination). (If you could be more specific, we could provide better answers.)

Robb

I place an ad on the radio and set up shop in a hotel room.

TwoSides2aCoin

<< <i>I place an ad on the radio and set up shop in a hotel room. >>



Send me your addy. I'd like to send you a gift certificate for lunch.

RYK

I thought you were talking about generic Saints (or some such thing) in the OP.

A little more clarity in your line of questioning always provides the opportunity for a better response.

If you are talking about 2006 GBs or 2005 1 oz. GAEs, I try to pay as close to spot as possible, so somewhere between 0% and 25% over spot would be the final price. I would look to see what Ampex is charging, and use that as a guide.

KentuckyJ

You might also try posting this to the Precious Metals forum. It seems I was reading just the other day someone found a coin similar to what you're asking about (?) at under spot.