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<p>[QUOTE="krispy, post: 857625, member: 19065"]Perhaps because individuals cannot find buyers out there, distrust the offers from local retail dealers, so the bigger (online) bullion dealers are offering their typical below spot percentage. Those people in <i>need</i> of cash are willing to take what's offered, especially if they haven't got the kind of bullion that carries a premium or those collectors coins that cannot be sold with a premium on auction sites to other collectors or to dealers of numismatic coins. The art medals were never very successful and are pretty easily found selling for very little over spot price. The designs aren't so bad but most of the public has never heard of them and most collectors don't seem to care for them, much like the current issued gold FS coins. People selling the gold art medals are likely convinced they bought into something substantial but aren't being offered anything significant when they learn of the lack of popularity in a flat art medal collector market. It's just down to bullion minus a few percent. </p><p><br /></p><p>Elaine, how many gold art medal coins do you have in your inventory? Did you buy them when they first came out back in the early 80s before the Eagle program took off? I think there are a total of 10 designs of famous Americans right?[/QUOTE]</p><p><br /></p>
[QUOTE="krispy, post: 857625, member: 19065"]Perhaps because individuals cannot find buyers out there, distrust the offers from local retail dealers, so the bigger (online) bullion dealers are offering their typical below spot percentage. Those people in [I]need[/I] of cash are willing to take what's offered, especially if they haven't got the kind of bullion that carries a premium or those collectors coins that cannot be sold with a premium on auction sites to other collectors or to dealers of numismatic coins. The art medals were never very successful and are pretty easily found selling for very little over spot price. The designs aren't so bad but most of the public has never heard of them and most collectors don't seem to care for them, much like the current issued gold FS coins. People selling the gold art medals are likely convinced they bought into something substantial but aren't being offered anything significant when they learn of the lack of popularity in a flat art medal collector market. It's just down to bullion minus a few percent. Elaine, how many gold art medal coins do you have in your inventory? Did you buy them when they first came out back in the early 80s before the Eagle program took off? I think there are a total of 10 designs of famous Americans right?[/QUOTE]
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