Did the price of gold coins go up recently? I've noticed that you are lucky to get close to purchase price for your gold coins, I was just wondering why. For example, I just saw a 2005 1/10 oz. gold coin that now costs $100 from the mint sell for $95. (plus 5.05 s&h). I don't remember the price of the coin from last year though, was it lower?
The ones the Mint is selling are proofs. Proof coins are specially struck for collectors, and are more expensive than business strikes. The gold bullion value of the tenth ounce eagles is $54.00. Charlie
Sure it is....just not from the mint....they sell it to a limited number of dealers that sell them to us! Its nutty but that is how it works! Speedy
So you'll pay more for the coin. Price of gold (market) + U.S. Mint mark-up + Dealer mark-up + applicable sales tax + shipping (if mail ordered). So if buy at todays rate US$551.80 (or so) + coinage + dealer (US$55.00) + tax (Nevada US$44.00) + shipping (US$7.50) = US$658.30 (or so). You may get your money back when gold hits US$660 an ounce but then they (dealers) won't pay you the going rate (it is always less). That being said, it doesn't hurt to have some squirreled away for the bad times.
Buy it on the Internet. At least that way you won't be paying taxes most likely. BullionDirect.com (my preferred site for gold coins) has AGEs for $576 right now (about $20 over spot). Reasonable shipping and handling charges....or you can store in their vault and have your stuff shipped in batches and save on the shipping.
