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$5 gold commems

HearingDrHearingDr Posts: 225
in Precious Metals
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
Eric

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    nibannynibanny Posts: 2,761 ✭
    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.
    The member formerly known as Ciccio / Posts: 1453 / Joined: Apr 2009
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    SaorAlbaSaorAlba Posts: 7,488 ✭✭✭✭✭
    Which IMHO makes them more suitable for longterm holding.
    In memory of my kitty Seryozha 14.2.1996 ~ 13.9.2016 and Shadow 3.4.2015 - 16.4.21
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    HearingDrHearingDr Posts: 225
    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
    Eric
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    MGLICKERMGLICKER Posts: 7,995 ✭✭✭
    Premium seems to be the same from what I can see, when the weight difference is factored in.
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    rickoricko Posts: 98,724 ✭✭✭✭✭
    Some have collector value far beyond the PM value - i.e. Jackie Robinson, FDR and Capitol Visitor Center. Cheers, RickO
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    mariner67mariner67 Posts: 2,746 ✭✭✭
    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.
    Successful trades/buys/sells with gdavis70, adriana, wondercoin, Weiss, nibanny, IrishMike, commoncents05, pf70collector, kyleknap, barefootjuan, coindeuce, WhiteTornado, Nefprollc, ajw, JamesM, PCcoins, slinc, coindudeonebay,beernuts, and many more
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    derrybderryb Posts: 36,279 ✭✭✭✭✭
    Crunch the numbers and let us know what kind of a difference (percentage wise) that you are talking about.

    “The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.” - Satoshi Nakamoto

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    TheBigBTheBigB Posts: 942 ✭


    << <i>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. >>


    image
    Current buyers prefer 1, .5, .25, or .10 ounce increments.
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    SaorAlbaSaorAlba Posts: 7,488 ✭✭✭✭✭
    Discounts, depends - the discount that k-rands had them has largely disappeared now.
    In memory of my kitty Seryozha 14.2.1996 ~ 13.9.2016 and Shadow 3.4.2015 - 16.4.21
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    OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,314 ✭✭✭✭✭
    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.
    NO END IN SIGHT LIB $2.50'S CAC ONLY
    https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
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    derrybderryb Posts: 36,279 ✭✭✭✭✭
    at the right price they are a good bullion play.

    “The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.” - Satoshi Nakamoto

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    Mission16Mission16 Posts: 1,413 ✭✭✭
    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.
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    s4nys4ny Posts: 1,562 ✭✭✭
    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.

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    MGLICKERMGLICKER Posts: 7,995 ✭✭✭


    << <i>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.
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    streeterstreeter Posts: 4,312 ✭✭✭✭✭
    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.
    Have a nice day
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    OverdateOverdate Posts: 6,958 ✭✭✭✭✭


    << <i>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.

    My Adolph A. Weinman signature :)

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    rawteam1rawteam1 Posts: 2,472 ✭✭✭


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


    Any au/ag/plat at the right price is a good bullion play...
    keceph `anah
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    derrybderryb Posts: 36,279 ✭✭✭✭✭


    << <i>

    << <i>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.

    “The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.” - Satoshi Nakamoto

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    TheBigBTheBigB Posts: 942 ✭


    << <i>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.
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    s4nys4ny Posts: 1,562 ✭✭✭


    << <i>

    << <i>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.


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    condorcollectiblescondorcollectibles Posts: 119 ✭
    I seem to get higher premiums on slabbed gold versus raw, which has been especially true for the few commem(s) I have handled ........
    Condor
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    OverdateOverdate Posts: 6,958 ✭✭✭✭✭


    << <i>

    << <i>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. image

    My Adolph A. Weinman signature :)

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