Well - now that I unloaded all my gold and platinum eagles I can see both prices sky rocketing. I think overall I made money on selling them off. But I do not think they will ever be anything but bullion coins and I can see where it might make the demand go up. Not sure what will happen.
Silvertowne has already melted thousands of them. By some accounts close to a quarter of the mintage of the early ones.
What's the advantage to melting them (into bars, I assume) instead of just keeping bank bags of the coins? The weight and content of the coins are well established in their current state. Is it just for slightly easier transportability/stackability?
How does that work? say there are 500 of X gold coin made and then gold prices go up too a million dollars (exageration), but anyways, what if all but 1 of the people who bought said coin cashed it in for melt? is there a catalog or standard that melters have too follow, now my question... is there a way too keep track of how many are left of said coin (like a census) that have not been melted?
The spouse coins may command a small premium someday if a large percent are melted, but I don't think it'll me much. The reason they're not selling well now is because they're priced too high for most people, so I don't see many paying even more simply based on conditional rarity. Guy~
No there is no way to keep track of how many were ever melted. Why ? Because the people melting them don't care. They just want the gold. And guys, these modern mint issues are just following the same pattern that was first set almost 100 years ago and that has been repeated numerous times over that time frame. This time will be no different.
it will top 1100 but who knows in which year. if you are looking for profit like that start buying lottery tickets
There was a short period during the run up where the coins were selling at lower than melt (even on Ebay).
that is the thing. I bet some that were in plastic (especislly the 68's) got melted, therefore even the PCGS numbers are wrong.
My best guess is gold will top $1100 someday, probably soon. It will prolong the coin bull market. Or not.
I have heard the word "bull" and a few other animals mentioned recently in regards too the market, what exactly do these mean?
Bull = the market is going up (because when a bull attacks, it points its horns upward). Bear = the market is going down (because a bear swipes its claws downward). These two animals have long been used as metaphors for how various markets are performing, especially the stock market.
Ron Guth used the term dinosaurs too in his recent editorial but i dont think he was talking about you Troodon. I think your avtar is the coolest on cointalk IMHO.
