Fascinating article, thanks for this piece, John ! Never knew about this, not sure if I ever would have learned about this. Maybe it was in...
The market sets the price. If JPM or foreign banks (which are TERRIBLY capitalized and the last thing they can afford is to speculate on metals...
It's sure not like the 1970's. You have had a market crash....a global pandemic....dislocations in financial markets....a COLLAPSE in quarterly...
Can you give us an example of what you are selling -- raw coins, slabbed, MS or PF 70's, DCAM, etc. ?
I think it's a "great-looking" coin if it was an MS63 or lower. For a 65, it's average IMO. For a 67.....:D
And of course, this is a common 1924. If it was a tough year or condition rarity then you could maybe justify a slight overgrade and we'd have...
That's what I thought, Lehigh. It has to have BLINDING luster and you have to be able to use the fields as mirrors to shave or apply makeup to...
Folks, don't blame Heritage....PCGS did the grading. Anybody know from the label what year it was graded ?
Quick, someone apply CPR to PF !!! :D I think it goes on sale at Heritage in April. Shall I put you down for bidding up to $12,000 ??? :D
Well, I know I was surprised. I would have graded it MS64 myself, and that was being generous. Even if you exclude the 2 cloudy patches in the...
OK....here it is....don't look if you're still weighing in: :D [ATTACH]
Last chance to weigh in....well, before I give the grade. :D
Is the best way to determine luster to look at the coin under light and angle it different ways, PF ?
Hey, you've got to be IN IT to WIN IT !!! :D
I'll give the grade tonight sometime after 8 PM.....I think it's going to spur ALOT of discussion. :D
But this is an EXOGENOUS and BLACK SWAN event -- The Virus -- which is not like a supply or demand shock or price controls. Fundamentally...
But as I understand it right now, the premiums are abnormally high because of non-market forces (i.e., The Virus). You can't even get raw/bullion...
Actually, I don't....unless it's because this is a temporary short-term issue of not being able to produce ingots and/or coins at any price...
Why doesn't SPOT rise to the price including the premium ?
I believe the lower price allows people to buy "more" so they like that. If you are into coins, then you can buy lots of different patterns with...
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