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Re: Heard a rumor that over 2 million $20 Saints just came into the US.
There's a very subtle difference between hearing "2 million $20 Saints" and "2 million in $20 Saints." It would be very likely that the actual truth, assuming it contained the number 2 million and a reference to Saints, was rather easily corrupted somewhere from source to this post to the $2.5B worth of coins alleged. -
Heard a rumor that over 2 million $20 Saints just came into the US.
I Heard a rumor at the Chattanooga,Tennessee coin show (Camp Jordan) that over 2 million $20 Saints just came into the US. It had depressed the market, killing alot of the premiums for better dates. The dealers at the show were paying 97% of melt for certified common $20 Saints uncs. Any truth to it or just a bunch of BS… -
Re: Heard a rumor that over 2 million $20 Saints just came into the US.
No, of course 2 Million $20's didn't come out in one shot. It used to take me a full week or more to buy $2 million worth of $10's & $20's in Europe when I was going there on a regular basis - 1974 to the late 1990's. (gold spot was less, too) I'm not a market-maker obviously, and I don't know all the inside skinny on the… -
Re: Heard a rumor that over 2 million $20 Saints just came into the US.
Fred...did 2 million Saints come in at one shot ? That's the rumor. -
Re: Heard a rumor that over 2 million $20 Saints just came into the US.
The premiums have seemed pretty low for a while. To the 2 million number, no idea. -
Re: Heard a rumor that over 2 million $20 Saints just came into the US.
Well... I hear a lot of speculation, but very little facts.... Usually, something of the quoted magnitude would get better press...likely closer to the $2 million number though... that would make less news... Cheers, RickO -
Re: Heard a rumor that over 2 million $20 Saints just came into the US.
I don't know how many coins have come back, but it's worth noting that 2 million Saints melts for about $2.5 Billion. And if you want to sell that many coins, you're probably going to need to get them stickered. Just saying. -
Re: Heard a rumor that over 2 million $20 Saints just came into the US.
Possible implications: 1) $2.5B (60 tonnes) is not enough to move markets over the calculated dispersal period. Worldwide central bank holdings are 25,000 or so. Also see COMEX/ETF daily volumes. 2) The whole deal is structured with commodities hedges from minute #1. Goldman Sachs trading algorithms likely will make more… -
Re: Heard a rumor that over 2 million $20 Saints just came into the US.
There are a lot of interesting, affordable $20 Saint-Gaudens varieties out there. Very few have been cataloged and described. Given the escalating cost of many rather ordinary coins, collectors in search of a new area of interest could buy S-G DEs at a small markup from bullion, and have very limited down-side risk. -
Re: Heard a rumor that over 2 million $20 Saints just came into the US.
Will vary with the market price of gold, of course, but I hope this additional stream of supply will make it easier to pick up some $20's for my collection in a year's time (when my own personal cash flow will greatly improve.) :)
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