OK, then it is PRICE-WEIGHTED and more expensive coins have a bigger impact on the index. Got it, thanks Doug ! :D
As you all may know, we have 3 types of indices in finance: equal-weighted, capitalization weighted, and price-weighted. Most indices are...
Doug, I am hearing contradictory things in your explanation of the PCGS 3,000. It's very simple....if each coin is 1/3,000th of the index -- if a...
Right, it's a price-weighted index and like the NASDAQ with the FAANG stocks, it's a narrow-driven market and the bulk of the PCGS 3,000 are...
Yes, they move with lags but if the move is SUSTAINED and STEADY then numismatics will rise in value. The prices diverge when the derivative or...
If they are all equal, then every coin is 1/3,000th of the total index. If it's based on the PRICE of the coin, then it's a price-weighted index...
It's now at $150,000....DAMN BEAUTIFUL coin. :D...
But these particular coins have low mintages.....they're in a special/big slab.....and the grade (PF70 and/or UC or DCAM) adds rarity.
I have a modern PF70 DCAM and it looks blackish. On a 5 ounce gold coin, it should really show in hand. When I get one, I'll report back. :D
How do they get that "black" look in the fields ? You don't see that on old Saint/Libery gold or Morgan silver coins, even "proofs". Must be...
A few 1-oz. Wedge-Tailed Gold coins didn't get any bids for like $1,850 for a PF70 DCAM when gold was $1,725 for weeks. Agreed....
Generally agree, but to get a perfect coin -- PF70 DCAM -- is very rare and the bidders who have to have these drive the price up. Saw the same...
I've quoted actual prices in othe threads, but it seems that Rick's infomercials have prices about 25-30% over FMV, based on actual Ebay or HA sales.
Silver is an industrial commodity, so if you think global GDP re-accelerates to 3%, then silver is in deficit and can move up to $30/oz. If...
It really is....worth a solo pic: [ATTACH]
What stuff are you interested in ?
A rising tide lifts ALL boats, GD. If common prices for Morgans and Saints rise with spot silver/gold, then the more numismatic will also attract...
Yes, I get the liquidity angle on 5 single coins. For me, wanting 5 ounces of gold and not really concerned about being able to sell as quickly,...
DDDD, am I alone in thinking that if I am in the market for a few gold coins (maybe even 5 ?) that it's a nice opportunity to grab something like...
1907 High Relief Update: a 1907 High Relief Wire MS-65 went for $28,115 ($31,629 w/bp) and a "Proof" MS-64+ went for $28,000 ($31,500 w/bp). Both...
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