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100+ year old gold coins unable to sell for melt?!
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<p>[QUOTE="medoraman, post: 5178743, member: 26302"]Remember it came down sharply from near $2000. I talked to many dealers and they were worried a few years ago it could go back down to the $800 levels. That is why for quite a while dealers were not wishing to pay melt or more for common gold.</p><p><br /></p><p>Its a weird thing. Get gold cheap enough, and all old gold will carry premiums. Its just at what price level this happens. Its the opposite of the fact that most gold LOSES its premium if the gold market skyrockets. Its like common barber silver coins. In cheap silver markets, they carry premiums, but at $40 silver they are melt.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 5178743, member: 26302"]Remember it came down sharply from near $2000. I talked to many dealers and they were worried a few years ago it could go back down to the $800 levels. That is why for quite a while dealers were not wishing to pay melt or more for common gold. Its a weird thing. Get gold cheap enough, and all old gold will carry premiums. Its just at what price level this happens. Its the opposite of the fact that most gold LOSES its premium if the gold market skyrockets. Its like common barber silver coins. In cheap silver markets, they carry premiums, but at $40 silver they are melt.[/QUOTE]
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100+ year old gold coins unable to sell for melt?!
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