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<p>[QUOTE=&quot;medoraman, post: 5193168, member: 26302&quot;]I flip it around. </p><p><br /></p><p>Take a 1907 Eagle. Maybe an equivalent coin is a 1907 half dollar. What is an average BU half dollar going for, couple hundred? The Eagle, by rights, should be about similar. Instead, because its roughly a half ounce of gold, goes for more like $900. EVERY precious metal coin at some point is only worth melt, and at other points are worth a premium to melt. Back when silver was $5 an ounce, every barber coin was a premium because of collectibility pressure. When silver as over $40 every worn barber, (not key dates), was melt. Same with gold. Common gold eagles were at a premium when gold was $275, at $1800 they are melt. </p><p><br /></p><p>Two different groups, two different demands, are intersecting. One is coin collectors, the other bullion people. Bullion people will always value at bullion, but coin collectors will have a more traditional demand curve, buying more at lower prices, less at higher.[/QUOTE]</p><p><br /></p>

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