What are your thoughts on current Pre-1933 U.S. Gold premiums?

From Liberty (8/1/20):



https://libertycoinservice.com/wp-content/uploads/quotes/daily_quotes.pdf

 

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I think they are redic. I'd love to own a $5 but could not fathom paying that much of a premium. I'd rather get a British Sovereign for basically melt.

 

Yeah, a bit on the high side, I can do better at my LCS! That said, he mostly has gold coin pendants!

 

I guess the premium on the Saint-Gaudens bullion-substitute I bought at FUN was a bit pricier than I thought, since I calculated off 1 net ounce rather than 0.9675. Oh well...still bought much cheaper than today so.....

As for the OP....from an investment POV, you can't justify paying the massive premiums on fractionals unless you really like the coin and/or won't be able to afford a larger size of gold for some time.

I haven't checked HA, Ebay, or GC....but I would think you might be able to buy a low-MS60's Saint for less than $2,150 but don't quote me on that.

 

I agree, these premiums are out of sight right now. Really wish I'd bought more last year, I'm guessing they will go higher before improving but it could take a long time.

 

Premiums can increase or decrease as the price of gold changes.

I'd rather have paid a 15% premium on gold a year ago than a 3% premium today !

 

You got that right! The buyers on ebay are paying crazy premiums and that's across the board, never before have I seen foreign gold coins selling for such high prices!

 

What goes up must come down right, okay!

 

The premiums are too high.

 

Well, maybe not 15%...but you get the idea.

At FUN back in January, MS63 and lower common Saints were practically being given away. Maybe a $30 premium, sometimes lower, even accounting for the 0.9675 of an ounce of gold.

I bought a 1915-S rather than a new Buffalo or Eagle.

 

Those premiums make me feel good about my holding.

 

The premiums go up and down with supply and demand - right now the demand is high, so the premiums have gone up. I can't believe that people are paying a $5.99 premium on silver ASE's - crazy!

 

I see these premiums every where and can't figure out what I am waiting on.......... been holding tight for 8 years is this the time?? This is where I get lost, getting out before it tumbles..

 

Your 0.9765 Saint was a good call, it's now selling for about $60 more than a 1.0 oz. Buffalo, nice

 

Why did you buy gold ?

To make a few $$$ and sell it a bit higher...or for disaster insurance in case something goes wrong financially or politically in this country ?

Everybody's circumstances are different, but me, I want to hold my gold through November and early-2021 to cover any political or virus uncertainty.

 

Yes,yes and yes... and if I sold some would buy something else..

 

I tell you what my best buys were....commemorative Silvers, I paid double or triple the price of silver for some of them and now they are going for 3-4-5 times the price of silver.

 

If you don't need the money, don't sell! Nobody I know is selling right now as we're all waiting for a bigger payday! Sure, I can make a few hundred dollars off of one of my Saint Gaudens coins if I sold today but I don't care! My gold pieces have become part of my family and I'm shooting for top dollar!

 

People may sell some bullion or ETFs, but not their numismatics and other coins with aesthetic or numismatic value.

 

True, no attachment to the gold coins, go ahead and sell!