Hi I collect many different coins, but onw of my favorite are the Norfed Tokens. I am considering buying a 2000 gold ounce. Im afraid of over paying because its priced quite a bit above spot price. Are they that rare and In your opinion is it worth buying at a premium or do they sell as just another bullion token? I think its beautiful but I dont want to over pay please help me guys. Thank you And also I hope I posted this in the right section but Im new here so if I didnt I apologize.
Norfeds are only worth a premium over spot to people who collect them. I like the silver ounces but personally I would never pay much over spot for the gold coins. Too big of a risk in my book.
Well Just an update...I ended up buying it for a hundred over spot..not too bad. But since then spot has gone up to more than what I paid.. so far so good.. Thanks everyone for your advice it helped me talk him down have a great night
Personally I think you got a terrific buy! Norfed coins (YES! ...I said "coins") aren't all that plentiful...especially the gold ones. They are a product of our times and they represent the liberty Bernard Von Nothaus sacrificed to make them. I think these coins will increase in popularity (and price)...but it might take 50 years or more.
Here's a link to an article with more info: http://www.coinworld.com/articles/liberty-dollars-may-be-subject-to-seizure/ But this seems completely nuts to me (and yes - I may own a few NORFEDs...). There are collectors on this forum who actively and openly collect KNOWN COUNTERFEITS of U.S. coins. Stormtroopers in jack boots aren't kicking down their doors (nor do I think they should). What's the big deal with the NORFEDs? Why is the government so ****y about them? I don't want to be a conspiracy nut, but jeez...