World Gold advise

I have been watching close last few days. Yep, the Russians go way beyond belt.

I have seen the Mexican, Netherlands, Austrian, French and German gold go at or slightly above melt, even with the drop of $30+/- this week.

We do have an Ebay 10% off coupon good up to $100, so an ounce or so of gold might be in the works rather than a savings deposit this month.....I'll keep you posted.

 

Log in or Sign up to hide this ad.

So the answer is, coin dealers, forget about the coin auctions. Coin dealers are where I can expect to get these at just over melt. Took a little doing. Thanks.

One more question. I heard non-US gold coins, generally, don't have "numismatic premiums." That's not to say there aren't exceptions. But I still don't understand why.

 

TRY getting gold from BRIC countries without premiums and you will be disappointed very badly. Thats statement is a myth. US has the most organized and mature market in the world which is a sophisticated way of saying that you pay more for something that is less rare all the time because of heavy demand

 

Tell you the truth, I think the answer is, the dealers in the US don't know how to value these. That's why you can get them, generally, at melt+margin.

 

I was wondering that myself

 

please point me to some i am dying to meet them. i think those guys are fleecing me (trying to) they see something from BRIC it goes up by multiples of Krause and then they see me so the price goes higher as my friend says "its rediculous"

 

Brazil
Russia
India
China

anything from these countries stamps, coins any other collectible have gone through the roof over the last 2 years oh my 2 mohur coin :sigh: i routinely have to follow the indian stock market and the exchange rate when i am buying indian coins you guys can laugh about it but thats the way i can stay ahead of the competetion who know nothing about coins and will spend upto $300 on a polished indian rupee that was being sold for 40 bucks in gem bu before

there were some other collectibles too that have become downright silly just look at what chris from NE is doing GD and you will get a small but ugly glimpse of that coin market

 

this is great advice. some say ebay is the best way to see the true market value of an item based on demand but even if it is why buy it from ebay if it can be had elsewhere for less.

a good investment strategy might be to find coins that are overpriced on ebay... buy elsewhere, hold and SELL ON EBAY.

 

it sounds like economics 101 but trust me it doesnt work that way 99% of the time unless you are already a dealer

 

GD you are missing the point. It doesnt matter what i think there are buyers out there who will pay more for those coins all day long. I can try and tell a dealer that they are overpriced and while i am having this conversation the coin will be sold to someone else. i have not bought anything overpriced from those countries at all. you know and i know that NE is expensive yet even their common anna coins (claimed by even them to be ordinary) get sold in minutes for $95 (should be more like $5-$10 at most) at least he sells PCGS and NGC coins i have seen the same thing happen with NNC coins and dealers have wisened up they wont deal with people like me they will put coins on ebay and get those high prices so my pool of reasonable priced dealers shrinks (thank god some are not tech savvy) take a look at toddywalla and you will see another small picture. you are saying perception and reality is different and i am saying perception has the effect of creating the reality kind of how you say PCGS is not the best TPG but yet their coins command the highest its perception and no matter what i do or say its not going to change that

 

take a break and extend that argument with if 1000 of them get listed and all of them sell for 1800- 2000 what does that make them worth. i can argue all i want but no dealer will sell it to me for 50 if there are buyers out there for 2000. you might not like it but this is what i have to deal with for the past 2 years and yes they are idiots and yes there are tons of them with tons of money (this is where BRIC comes in again)

 

That, my Dear Moderator, is a rhetorical question. Thanks for sticking with me. I think I "get it" now. :thumb:

 

Todays excursion into the foriegn gold world:

Wife liked this, so I bid for her, $205 winning bid

10% off Ebay coupon puts it at $184.50

AND our cashback promo is 5% ( $10.25 )

total cost shipped= $174.25

melt on coin alone @ $960 gold is $180

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&rd=1&item=330253612970&ssPageName=STRK:MEWN:IT&ih=014

 

great deal how do i get those rebate and discount coupons gold is around 955 though

 

That is a great deal, Jack. I love those Angels.

 

You think you might have to add Australia to that list soon? Prices for nice Australian gold seems to be high lately, IMO.