Why is used SS worth closer to melt than replacement value ?
Strong dollar, weak Euro. Risk-on assets doing well last week or so.
A bit less activity ending the past Sunday....looks like MS-66 commons (1924's, 1908 NMs) still going for about $3,500 (w/BP), give or take 3-5%...
Since 2007 ? Or going forward ? I think extrapolating any price increases for any asset class is very speculative...for coins, even more so.
The problem is that, as GDJMSP and other vets here note, coins are so volatile that you can have 10-20% annual appreciation for a decade followed...
Ah the opposite.....a time-honored method of winning courtesy of SEINFELD. :D
You were off by $33.12....that's over 2% !! I was going to use you for this week's PowerBall and MegaMillions but if you're going to be this...
Sunday GC Saint-Gaudens Results (final bids rounded; all TPGs PCGS unless listed NGC): 1928 MS-66 OGH CAC.....$5,700 1928...
I guess the belief is that while you can always sell it to a jewler or smelter for full bullion value....someone wanting A COIN might be turned...
If so, then I stand corrected. $30 would be under 2%, acceptable.
That seems fair...someone said something about a 30% discount which was nuts.
Lots of MS-66 Saints up for auction tonight at GC....
You need a 68 to get a nice premium for this year and mint ?
Absolutely....no LCS should be paying under spot, maybe a few dollars if they run an inefficient shop. Anything even approaching a 5% discount to...
I'm still shocked the premium hasn't faded or the price of silver risen to narrow it. I never heard of a premium dislocation lasting 3 years.
Gold and inflation don't track in the short-term.
I think the price of gold was about $400 back then. So you were actually paying a rich premium as prices were "sticky" to the downside. With...
You're right. I misread it and replaced "GSA" with graded/certified. Price declines for gradeds from 1989-93 were huge, though.
Finn, I stand corrected.....even though coins had taken big hits by 1990....it was only the 1st leg down. As with most assets in decline, it took...
But you had a bubble in Morgans and Saints in 1988-90. I would think the prices would be alot higher. I have an article that talked about the...
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