Thread: US $5.00 gold coin

I picked this coin up last summer from my local coin shop for about $88.00 plus tax. I've been told that these coins stopped minting early and that this might be worth substantially more than the gold spot. Can anyone here confirm this?

You bought for a great price. The $5 coins usually seem to sell for more than spot anyway. I can't confirm whether the mintage is low, but gold coins don't seem to develop big premiums as easily as other coins. I suspect this might be because few people collect gold by the usual date/mintmark method.

I just sold one for $125.

The picture is small but if it is a 2008 and has a small W under the 2008 then it is a low mintage coin. Those were only sold from the mint directly, the regular 2008 without a W were sold by dealers.

My guess is the one you have has no W so is the high mintage coin though.

If it include tax then it may be of $88.00.But you should had to confirm about spot price of this coin before buying,Because $88.00 is very large amount than $5.00.
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Looking for the coins click: gold Krugerrand and Krugerrand gold coins

Amme,

You do realize, don't you, that the $5 gold coin has much, much more than $5 worth of gold. At today's value of gold ($1,425/oz) the 1/10 oz. of gold in the coin is worth $142.50. Plus you have dredged up a thread that is almost 2 years old. In May 2009 gold was around $850/oz. so $88 for 1/10 oz of gold was a fair price.

By the way, welcome to CoinTalk.

Originally Posted by Hobo

Amme,

You do realize, don't you, that the $5 gold coin has much, much more than $5 worth of gold. At today's value of gold ($1,425/oz) the 1/10 oz. of gold in the coin is worth $142.50. Plus you have dredged up a thread that is almost 2 years old. In May 2009 gold was around $850/oz. so $88 for 1/10 oz of gold was a fair price.

By the way, welcome to CoinTalk.

I find responses to older posts quite interesting, as although investors seem to follow Silver prices, it appears that there it significantly less attention to Gold coin prices. At the time of this post there is a dealer purchasing the 1/10 ounce $5 Gold coin for ~$154.75. Although Silver has had a meteoric ~130% increase in pricing value, Gold has had a respectable ~70% increase. How high can the
prices rise before sanity prevails?

I found this post and have the same coin as Shaggy except when I was looking at mine I realized there is no date on it? Where Shaggy had 2008 on his I have the following roman numbers: MCMLXXXVII. On the back it looks like I have MB above the G in 'gold' and below the nest, to the right of this I believe JW above the 5 and below the baby eagle in the nest.

What does this mean for me?

Robert

1987

Robert, when the started making AGE (American Gold Eagles) they used a Roman Numeral Date. The novelty quickly wore off (probably because it is more difficult to read the date in Roman Numerals, especially on very small coins) and they changed over to Arabic Numerals. All AGEs 1987 were dated MCMLXXXVII so the Roman Numerals do not add anything to the value.

Originally Posted by imrich

How high can the
prices rise before sanity prevails?

The gold price is a reflection of unsane monetary policy. When monetary policy returns to sanity, so will gold.

Originally Posted by Cloudsweeper99

The gold price is a reflection of unsane monetary policy. When monetary policy returns to sanity, so will gold.

They have crossed the event horizon. There is no mathematical possibility they can return the $ to historic levels so they will keep doing what they have been doing. Gold will continue to rise and will continue to be an effective hedge against wealth erosion.