Still waiting on PR68 and PR69 "didn't catch a 70" key date proof eagles to go up. Thought I was safe with keys but they've more or less been the same price since March 2020. Whether spot is 22 or 41 they cost the same.
Key date commems and modern bullion have outperformed them by a mile. I tend to find more of those under spot too, or like spot with free shipping. A lot more of them catch MS70 and PR70 too.
@asheland said:
I’m still buying at these prices, although it kind of sucks
I agree. I just reloaded the war chest to carry me through next year. It cost more to do but I'm probably going to make more. The issue for me is not having enough dry powder to do a higher volume or make more risky plays.
I really like gambling on "is this ebay seller a real person" and "is this mislisted item with a blurry photo what i think it is?" Those are often the situations that result in getting sweet stuff well below spot. They can, and do, also result in a frustrating experience of having my money tied up for weeks or having to do a card dispute.
I still can't make heads or tails of what markets have premiums that stagnate or go up with spot. I have some type of autism so pattern recognition is like a superpower and it is still hard to get a read on it. I'm starting to think the market is just gonna do whatever it wants to do.
@Azurescens said:
Still waiting on PR68 and PR69 "didn't catch a 70" key date proof eagles to go up. Thought I was safe with keys but >they've more or less been the same price since March 2020. Whether spot is 22 or 41 they cost the same.
Which is.......?
Key date commems and modern bullion have outperformed them by a mile. I tend to find more of those under >spot too, or like spot with free shipping. A lot more of them catch MS70 and PR70 too.
That's to be expected. It's happened in the past, it just wasn't as painful a lesson because the rise in gold back then was hundreds of dollars, not $1,500 an ounce.
@Azurescens said:
I still can't make heads or tails of what markets have premiums that stagnate or go up with spot. I have some type >of autism so pattern recognition is like a superpower and it is still hard to get a read on it. I'm starting to think the >market is just gonna do whatever it wants to do.
I follow the premium patterns on gold coins, particularly Saints. It's counterintuitive, but if you believe gold is going to rise, with some exceptions, you do NOT do as well buying numismatic coins as you do pure bullion coins. A rising gold price eats into the premium.
There are exceptions but for more common gold coins, with modest premiums, you can watch gold DOUBLE and your coins do nothing price-wise.
@Azurescens said:
I still can't make heads or tails of what markets have premiums that stagnate or go up with spot. I have some type >of autism so pattern recognition is like a superpower and it is still hard to get a read on it. I'm starting to think the >market is just gonna do whatever it wants to do.
I follow the premium patterns on gold coins, particularly Saints. It's counterintuitive, but if you believe gold is going to rise, with some exceptions, you do NOT do as well buying numismatic coins as you do pure bullion coins. A rising gold price eats into the premium.
There are exceptions but for more common gold coins, with modest premiums, you can watch gold DOUBLE and your coins do nothing price-wise.
.
Personally, I would still rather pay 10% more (for example) for a rare date gold coin than pay "spot" for a common one.
@dcarr said:
But it also insulates the owner somewhat from a drop in the gold price.
Yup....but I think most want to know how their purchase would do if gold rises.
Look at the buyer of half-Eagles 5-6 years ago. $425-$450 in gold content....you pay double that (still affordable).....gold doubles and then some.....and your coin is flat and trades ONLY at the gold content !!
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The erosion of numismatic premiums when gold and silver were much lower is the tricky part.
Still waiting on PR68 and PR69 "didn't catch a 70" key date proof eagles to go up. Thought I was safe with keys but they've more or less been the same price since March 2020. Whether spot is 22 or 41 they cost the same.
Key date commems and modern bullion have outperformed them by a mile. I tend to find more of those under spot too, or like spot with free shipping. A lot more of them catch MS70 and PR70 too.
I’m still buying at these prices, although it kind of sucks
My YouTube Channel
I agree. I just reloaded the war chest to carry me through next year. It cost more to do but I'm probably going to make more. The issue for me is not having enough dry powder to do a higher volume or make more risky plays.
I really like gambling on "is this ebay seller a real person" and "is this mislisted item with a blurry photo what i think it is?" Those are often the situations that result in getting sweet stuff well below spot. They can, and do, also result in a frustrating experience of having my money tied up for weeks or having to do a card dispute.
I still can't make heads or tails of what markets have premiums that stagnate or go up with spot. I have some type of autism so pattern recognition is like a superpower and it is still hard to get a read on it. I'm starting to think the market is just gonna do whatever it wants to do.
Thats why some of us stay away from premiums and instead trade spot.
Knowledge is the enemy of fear
Which is.......?
That's to be expected. It's happened in the past, it just wasn't as painful a lesson because the rise in gold back then was hundreds of dollars, not $1,500 an ounce.
I follow the premium patterns on gold coins, particularly Saints. It's counterintuitive, but if you believe gold is going to rise, with some exceptions, you do NOT do as well buying numismatic coins as you do pure bullion coins. A rising gold price eats into the premium.
There are exceptions but for more common gold coins, with modest premiums, you can watch gold DOUBLE and your coins do nothing price-wise.
.
Personally, I would still rather pay 10% more (for example) for a rare date gold coin than pay "spot" for a common one.
.
Me too...but the market penalizes their leverage to a rising gold price in most instances.
.
But it also insulates the owner somewhat from a drop in the gold price.
.
Yup....but I think most want to know how their purchase would do if gold rises.
Look at the buyer of half-Eagles 5-6 years ago. $425-$450 in gold content....you pay double that (still affordable).....gold doubles and then some.....and your coin is flat and trades ONLY at the gold content !!
I’d rather be fishing or golfing . That helps me cope.
``https://ebay.us/m/KxolR5