$5 gold commems at melt, yea or nea ?

i dont see alot of interest in these and seem to be easily available at melt and under. just wondering what your thoughts are on these.

 

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If you get the opportunity to pull the trigger at that price (and possess the means to do so) I would do it. The coins are the same weight and metal content of the pre-33 variety.

 

ive picked up 6 of them over the weekend in the $360-375 range, they are all common dates but come with the silver dollars. 2 of them i picked up have 90% halves too. if i take $20 off for the silver dollar im looking at around $350 for the $5 gold piece. my thinking is they are a good deal but will i only be getting melt when i go to sell them? does it even matter?

 

You will most likely get melt, but some of these I personally like a lot. If you are buying for bullion, its a good way to do it. I have always liked the 1988 olympics one, we need more coins like that.

 

I think in the short run you'll probably only get melt, but in the long run, some of these gold commem's could begin to demand a numismatic premium. We'll have to wait and see........

 

The commemorative coins have never had much demand, so that's one reason you're able to acquire them near melt. That said, the production numbers on the gold pieces are nice. They're difficult to sell stateside, but easy to dispose of in Asia. You even get a premium there.

As for the 50c silver pieces... the only set with those for modern commemoratives was the 1993 Bill of Rights set (James Madison pictured). I picked up one a couple weeks ago. It came in a nice wood presentation box. All other modern commemoratives are clad for the 50c pieces. That said, I think, in the long run, the half-dollar uncirculated clad commemoratives will command high premiums due to the composition. They become an ugly yellow color after a while.

 

I'm with 9guns. I've got 5 on order form APMEX and might make a move to pick up several more if I can get a good price. I'd like to add to my gold collection but I'd prefer commems and/or First Spouse.

 

the 2 sets that i got the 90% halves were indeed the '93 sets. i had to stop and think why am i able to get these for so cheap but i guess i will resume stacking, i just snagged an '87 constitution set for $360

 

George Washington 250th Anniversary of Birth (1982) is not clad......

 

To my knowledge, the George Washington 1982 (1982-1985) was not issued as a part of a three coin ($5, $1, 50c) set.

 

Well heck, then you got a bargain if you got the dollar coin along with that deal..... Youse way out front.

 

No, it wasn't. But I took your post to state that the bill of rights fifty cent piece was the only silver fifty cent piece of the modern commem series......and that just ain't true.

 

I clearly stated that I was talking about the set... twice.

 

Then have it your way dear fellow. You win. Congratulations.....

 

The $5 and $10 gold commems are my favorite coins, for bullion or numismatic purposes. I really love the 1984 $10 Olympic commem [although I think I'm the only one]. And the 1988 $5 Olympiad is a very beautiful coin with a clean design.

I think a lot of these are being and will be melted, so the mintages will far overstate availability a decade from now.

 

Make a list of what's being sold at melt right now, because that IS what is being melted- or blown out at cost. I heard a story of one of the First Spouse issues being melted in the THOUSANDS of examples. That would make one think of them as rare right now. Indeed, some of the early Spouse are very difficult to find, or expensive. This is why quarter series are steep in spots, and we might expect soaring PM commem prices in three years, not 30.

 

i just snagged another 2 coin set, this ones the cheapest i got so far. $351.85 delivered, if i subtract $20 for the dollar im looking at $330 for the gold piece or $1368/oz. its pretty tough to lay off at that price.

 

Nice grab.

 

the constitution one and maybe 1 or 2 others go for melt but a lot of these get a good premium.

 

I like the San Francisco Old Mint $5 gold. Only 17,000 Uncs were made, and the proofs let you see what the reverse of a proof $5 Liberty gold piece would look like.