Reply to Thread

Message:: [QUOTE="Ian, post: 106468, member: 283"]I just looked at the first two Eddie VII that sold today. I didn't think there was any need to look any further given that it was TODAY's gold rates I was comparing them with. Today's bullion value per coin is approximately $15 per coin MORE than it was a mere three weeks ago. It doesn't look like it is stopping there either. THAT is my point. I'm not a buyer. I'm not clairvoyant. I'm not a gambler. I just see what is happening now and make comment accordingly. Gold is simply on the up. If you or anyone else wants to sell your Eddie VII sov's for less than $140, then that is really entirely up to you I personally think that doing so would be unwise at this point in time (as previously expressed). Doug mentioned seeing dealers sell them for a lot less. Maybe they operate off fixed margins and are happy just to realize their margins and see their inventory shift. I don't know the workings of the minds of wheelers and dealers. I just know that pure bullion per sov. is $130 based on TODAYS gold rate. Maybe things are different your side of the pond, but here gold sovs. and krugers tend to change hands at bullion + circa 5 - 7.5 %. Judging from the very first two (both Eddie sov's) I bothered to check out on ebay today, my estimate of $140 appears to have been fully justified.[/QUOTE]