Pre 1933 Gold

I remember when it was $1000/oz. Lots of opportunity back then - maybe 2017/18. I wasn't in the market when it was under $100 an ounce. But it doesn't matter much, as I wouldn't have been able to afford anything then anyway, even at that price. It's all relative, time, space, money and the time space continuum.

 

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The mint’s price structure is well above spot but pre 1933 coins are much closer to spot. That’s makes it easier to recover what you paid for them.

 

Because:
1. It MAY be difficult to find "junk" gold because that is what is getting sent to the smelter and melted down. That said I DID find a site or two with lower grade/cleaned/damaged Pre-gold...
2. SOME really junk/heavily worn "junk" gold is being sold at outrageous prices catering to niche gold Low Ball hunters for Registry Sets. I was told this outright by the hi-end Dealer/Numismatist (PNG Member). He basically told me they'd accept no offers as it's "reserved" for gold aficionados. Well la de effing da...I apologized for wasting his time and politely signed off. Very disappointed but it's THEIR clientele.

 

I did a chart last week, for my own reference, for Pre-33 gold cross referencing rounded weights, denominations and premiums. It came out something like this (hope my math is correct)...the only thing with low premiums are common date Half Eagles, Eagles and Double Eagles. High gold spot prices have swapped places with the previously high premiums.

 

One correction: gold dollars are closer to 1/20 ounce than 1/25. But I'm guessing it'll still be quite unusual to find those anywhere near melt, even with the recent run-up. (The only ones I've ever gotten were close to melt, but they were also damaged/ex-jewelry.)