$5 gold commems

HearingDr · March 7, 2014 12:18AM

Why does. There seem to be a lower premium for $5 gold modern commems than 1/4 oz gold eagles. I get the gold content differences, but any other ideas?

Thanks

nibanny · March 7, 2014 12:21AM

I do not see them as real bullion coins since they do not have weight or composition on them.

Btw, I just purchase my first Statue of Liberty yesterday.

SaorAlba · March 7, 2014 12:35AM

Which IMHO makes them more suitable for longterm holding.

HearingDr · March 7, 2014 12:39AM

I just picked up a few below spot (with quad rebates). I never looked at them before. But seemed a good value. Pcgs holders too

MGLICKER · March 7, 2014 12:43AM

Premium seems to be the same from what I can see, when the weight difference is factored in.

ricko · March 7, 2014 12:44AM

Some have collector value far beyond the PM value - i.e. Jackie Robinson, FDR and Capitol Visitor Center. Cheers, RickO

mariner67 · March 7, 2014 12:44AM

Same old story....lower premiums on purchase...lower premiums when you sell.
Big supply, not so big demand.
Still gold but again, low premiums at both ends.

derryb · March 7, 2014 1:08AM

Crunch the numbers and let us know what kind of a difference (percentage wise) that you are talking about.

TheBigB · March 7, 2014 4:05AM

<< Same old story....lower premiums on purchase...lower premiums when you sell.
Big supply, not so big demand.
Still gold but again, low premiums at both ends. >>

Current buyers prefer 1, .5, .25, or .10 ounce increments.

SaorAlba · March 7, 2014 4:07AM

Discounts, depends - the discount that k-rands had them has largely disappeared now.

OnlyGoldIsMoney · March 7, 2014 11:29AM

Common modern $5 and $10 coins comprise the majority of my gold stash.

Apart from the low premium, on ebay I can get 2% off my purchase price since they are usually listed as coins and not as bullion.

They are a long term hold for me and I hope that premiums remain low.

derryb · March 7, 2014 12:04PM

at the right price they are a good bullion play.

Mission16 · March 7, 2014 8:55PM

I love this things! I buy them in plastic for peace of mind. Makes them easier to sell too. And if you shop, you can get them for no more than bullion.

s4ny · March 8, 2014 10:42AM

I bought 4 Jackie $5 PCGS PF69 at melt and sold them at melt.

For a few dollars more I could have bought MS60 $5 Libs which
would have been better.

MGLICKER · March 8, 2014 10:49AM

<< I bought 4 Jackie $5 PCGS PF69 at melt and sold them at melt.

For a few dollars more I could have bought MS60 $5 Libs which
would have been better. >>

You should have done better selling the proof Robinsons. Just sold one at $500 on Ebay.

streeter · March 8, 2014 12:17PM

How can you go wrong on some of these?

I watched Silvertowne almost fill a five gallon bucket with these when gold had its run up.

A few of the low mintage ones right on the cusp with a combination of oogly/low mintage are going to get progressively scarcer with each run up & melt.

Hope I live long enough.

Overdate · March 8, 2014 1:42PM

<< A few of the low mintage ones right on the cusp with a combination of oogly/low mintage are going to get progressively scarcer with each run up & melt. >>

Same thing has likely happened with numerous semi-semi-key silver coins.

rawteam1 · March 11, 2014 12:09PM

<< at the right price they are a good bullion play. >>

Any au/ag/plat at the right price is a good bullion play...

derryb · March 11, 2014 12:18PM

<< 

<< at the right price they are a good bullion play. >>

Any au/ag/plat at the right price is a good bullion play... >>

OP asked about gold comms specifically. but you are correct, au and plat comms at the right price are also a good bullion play.

TheBigB · March 12, 2014 12:02AM

<< How can you go wrong on some of these?

I watched Silvertowne almost fill a five gallon bucket with these when gold had its run up.

A few of the low mintage ones right on the cusp with a combination of oogly/low mintage are going to get progressively scarcer with each run up & melt. >>

I assume these were purchased for below melt and went straight into the pot. There may be liquidity issues for these.

s4ny · March 12, 2014 12:41AM

<< 

<< I bought 4 Jackie $5 PCGS PF69 at melt and sold them at melt.

For a few dollars more I could have bought MS60 $5 Libs which
would have been better. >>

You should have done better selling the proof Robinsons. Just sold one at $500 on Ebay. >>

I see that sale at $500. I could have done better. I actually sold the coins at melt + $20/per coin.

I bought them privately below melt.

I sold for cash on Craigslist, so there was no eBay fee ($50 for me), PayPal fee ($14) or shipping ($8),
so not a big difference after factoring in what would have been $72 in selling expenses.

condorcollectibles · March 14, 2014 8:01AM

I seem to get higher premiums on slabbed gold versus raw, which has been especially true for the few commem(s) I have handled ........

Overdate · March 14, 2014 4:14PM

<< 

<< How can you go wrong on some of these?

I watched Silvertowne almost fill a five gallon bucket with these when gold had its run up.

A few of the low mintage ones right on the cusp with a combination of oogly/low mintage are going to get progressively scarcer with each run up & melt. >>

I assume these were purchased for below melt and went straight into the pot. There may be liquidity issues for these. >>

Most coins have liquidity issues once they hit the melting pot.

$5 gold commems

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