Why are AGE proofs $550-600 over spot????

2manycoins2fewfunds

and what will happen when US Mint starts production again??

segoja

The mint will sell out quickly, but will also limit the amount you can buy so you won't be able to retire just yet.

MilesWaits

Cause when and if the Mint starts production again, the new pricing will insure they are nearly that above spot.

The market is catching up with mint pricing, even on the UHR's, so far anyway............

Miles

joz350

Do most folks think there will be a limit when or if they are released?

roadrunner

Promotions.....think HSN, QVC, newspapers, or wherever else Telemarketers swim.

One could also ask why MS62-MS65 Saints bring the premiums to melt that they do. There are about 1 MILLION of them slabbed (including resubmissions) with many more in the wings to be graded someday. The total mintages for the Proof $50 eagles is under 1.5 MILL I believe. And they are impressive looking coins of the highest quality. Basically they do not exist in unlimited quantity, at least not yet. Also allowed in IRA's as well. If you toss out the 1986 and a couple years after that, they have fairly low mintages even if every example is PF68-70.

roadrunner

keets

as RR said, there is some type of promotion(s) currently taking place that has all the sellers in the system scrambling to get them.

segoja

IRA's

2manycoins2fewfunds

Well it is very odd and will likely end badly.

I've seen many years when they traded 2-5% above spot.

I just don't understand the 50-60% premium that has lately appeared.

keets

this is all the result of the rising/falling/rising PM's and the way they distort the marketplace.

jdimmick

IRA accounts need orders filled, tht is the only reason for the strong buying price on AGE and ASE proofs, after the mint releases this years product, expect premiums to fall quite a bit!!

Jim

coasterfan

Is the box and COA required for an IRA? I notice the best prices are for coins in OGP with COA. Slabbed PR69 are a step below that in price.

CaptHenway

<< <i>Is the box and COA required for an IRA? I notice the best prices are for coins in OGP with COA. Slabbed PR69 are a step below that in price. >>



Yes. The product has to be uniform, and OGP/box/cert is the standard.
TD