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U.S. gold coins, are they overvalued?

MR168MR168 Posts: 78 ✭✭
in U.S. Coin Forum
Some of U.S. gold coins were not rare(Indian 5, 10 and St Gaudens double eagles). But they are so expensive in higher grades. Do they really worth that much money?

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    jamakinjamakin Posts: 1,055
    Conditional rarity seems to get many wallets to open up. When the total population of a coin in a high grade is in single digits the wallets open further.
    A coin is always worth it's melt value + what you are willing to pay to own it. Some people are just more willing than others.
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    CladiatorCladiator Posts: 18,345 ✭✭✭✭✭


    << <i>U.S. gold coins, are they over valued? >>

    Yes.
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    LongacreLongacre Posts: 16,717 ✭✭✭
    Stick with true rarity, rather than conditional rarity. Conditionally rare coins are usually overvalued more than truly rare gold.
    Always took candy from strangers
    Didn't wanna get me no trade
    Never want to be like papa
    Working for the boss every night and day
    --"Happy", by the Rolling Stones (1972)
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    ziggy29ziggy29 Posts: 18,669 ✭✭✭


    << <i>Conditionally rare coins are usually overvalued more than truly rare gold. >>

    And they also tend to be more closely tied to gold prices than true rarities.
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    BigRedBigRed Posts: 716
    IMHO most coins are overvalued in higher grades it seems,or maybe I am just getting poorer.imageimage
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    PerryHallPerryHall Posts: 47,576 ✭✭✭✭✭


    << <i>

    << <i>U.S. gold coins, are they over valued? >>

    Yes. >>



    Apparently the market place disagrees with you.





    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

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    techefftecheff Posts: 2,285
    (Indian 5, 10 and St Gaudens double eagles)


    Some Yes, Some No...
    image
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    KeithinMDKeithinMD Posts: 328
    Certainly the 5, 10 Indians and Saints usually reflect a hefty premium over other gold, but they are the best looking of the bunch IMO.
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    CladiatorCladiator Posts: 18,345 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>U.S. gold coins, are they over valued? >>

    Yes. >>



    Apparently the market place disagrees with you. >>

    Wouldn't be the first time and won't be the last. image
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    mozinmozin Posts: 8,755 ✭✭✭
    Yes, as far as my buying US gold, they are overvalued.
    I collect Capped Bust series by variety in PCGS AU/MS grades.
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    notwilightnotwilight Posts: 12,864 ✭✭✭
    Funny how people ask this question about bullion coins with significant intrinsic value but don't ask it about coins with no intrinsic value like TDNs copper he posted this morning or even silver dollars...How about those Morgans with only $10 worth of silver in them, are they overvalued?

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