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Boring Question... Please indulge me here. . .

braddickbraddick Posts: 24,109 ✭✭✭✭✭
in Precious Metals
I have an opportunity to purchase one to ten 2006 once ounce Buffalo gold coins, still in the mint shrink wrap.

Is there a premium on these?
What would be a fair price to pay?

I have until Thursday to pass or play.

peacockcoins

Comments

  • CaptHenwayCaptHenway Posts: 32,227 ✭✭✭✭✭
    There is still a premium, but it has dropped severely since the Mint announced that it will be selling 2009-dated coins soon.

    We will be able to buy them from our distributor in quantity at 3.6% over spot. We are currently selling them at spot +$65 for future delivery.

    How much is the seller asking?

    TD
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • braddickbraddick Posts: 24,109 ✭✭✭✭✭
    He wants spot plus $200. for the 2006's. Less for the other dates.

    Too much, I think.
    Still, it is a neat way of owning gold. The Buffalos are my favorite design.

    peacockcoins

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