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For anyone buying bullion Gold Eagles . . .

OverdateOverdate Posts: 7,007 ✭✭✭✭✭
I added up typical recent prices realized for all 4 sizes on eBay (around $3325), and found out that for just a few bucks more ($3400.50), you can buy a 4-coin 2011 Gold Eagle proof set directly from the Mint. A much better value, in my opinion.

My Adolph A. Weinman signature :)

Comments

  • derrybderryb Posts: 36,792 ✭✭✭✭✭
    Your ebay price works out to 1797 an ounce - $200 an ounce over spot and way too much to pay for the four coins raw. Apmex is selling the four coins individually for a total that is $100 less than your ebay total, still too much to pay. I believe the coins can be had on ebay for less if one is willing to be patient and wait for the right listings.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • OverdateOverdate Posts: 7,007 ✭✭✭✭✭
    The eBay prices included shipping, which may account for some of the $100 difference. I believe the Mint still charges a flat $4.95 for shipping, regardless of the size of the order.

    The proofs occasionally develop a significant premium to the bullion coins, so I think the proof Gold Eagle set is still a better buy at the current small premium. (By comparison, proof Silver Eagles are currently selling for a premium of over 100% to spot.)

    My Adolph A. Weinman signature :)

  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭


    << <i>.The proofs occasionally develop a significant premium to the bullion coins, so I think the proof Gold Eagle set is still a better buy at the current small premium. (By comparison, proof Silver Eagles are currently selling for a premium of over 100% to spot.) >>



    It's the same with MS63-64 Saints vs. MS63-64 Morgans. While the Saints are logically the much better deal with respect to spot (10-15% premium), the Morgans at $50-$75 per coin (70-160% premium to spot) are still not a whole lot of money compared to a $1700 $20 gold piece. In either case you still have one coin with about the same collectability/eye appeal.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
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