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Premiums on US eagles are ridiculous.
kiyote
Posts: 5,571 ✭✭✭✭✭
How's things on the selling side? Are dealers paying extra when they buy them back? I just can't see spending $920 on a common date unc gold eagle when spot is the the low $700s.
"I'll split the atom! I am the fifth dimension! I am the eighth wonder of the world!" -Gef the talking mongoose.
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I think that this is where the "collectibility" card gets played.
The name is LEE!
Premiums may be ridiculous but I just sold 14 gold coins last weekend at a show. Both the public and Dealers were eager to pay huge premiums. $1000 even for circulated raw common date double eagles, graded with larger premiums. I could've sold bunches more if I had them. There seems to be a real disconnect between bullion futures price and 'here and now' physical bullion prices.
<< <i>There seems to be a real disconnect between bullion futures price and 'here and now' physical bullion prices. >>
<< <i>
<< <i>There seems to be a real disconnect between bullion futures price and 'here and now' physical bullion prices. >>
>>
Maybe because all IOU's, not just metals are selling at a discount.
San Diego, CA
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“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
<< <i>Just wait until the Mint procures new stock for the 2009 SAEs and GAEs; the prices will start falling once they start producing. There is no shortage of gold or silver near melt pricing, it's just not available in small denominations. >>
Collector of Early 20th Century U.S. Coinage.
ANA Member R-3147111