Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
2010 Proof Gold Coins - Oct. 7
>
Reply to Thread
Message:
<p>[QUOTE="jaceravone, post: 997275, member: 9474"]I don't know if I can answer your question with a satisfying answer, but I can say that there is a lot of "what ifs" presented.</p><p> </p><p>First we don't know what will happen with gold come the October sales date. Personally, I don't believe gold will jump over $1300/oz, but I have been wrong before. I think eventually it will, but not by then....but it is on fire now so who knows. </p><p> </p><p>Second, the price guide that the us mint presents are for the collector versions of the American Eagle coins (W) mintmarks. So naturally, there would be premium over spot vs. their bullion counterparts. Using the ASE as an example, this is why you can typically pick one up from a dealer at or around $22 +/- $2 vs. $4x.00 something dollars for the proof version. The production costs may ultimately be the same for all the coins in question, but there are many other factors that make up the price cost than just cost of materials and production. </p><p> </p><p>Lastly, if you are looking to purchase gold/silver for an investment then I would definitely stick with the bullion coins because you will get a much better deal than the collector coins from the us mint. But if you want a nice proof coin, then you are stuck with the mint's prices. </p><p> </p><p>In last weeks Coin World, they printed a response in the letter to the editor section that was released from the mint as a response on how they can justify charging so much for their items. In a nut shell, the response was that they look at trying to recoup their overall costs of the product with a slight premium since they do not use tax payers dollars for their expenses, and as most businesses do, try to break even. </p><p> </p><p>As a collector, it is frustrating to see these costs go up yearly to rediculous amounts, but as a business person I do understand why they have to do it. I also believe that a 25-35% profit margin is/has been typical for the us mint products. It may fluctuate year to year, but I have just come to expect that over the past 25 years that I have been dealing with the mint. This is why I always give little hip hip hoorays when the price dips down then goes back up. I usually buy during these times if I can because this is as close as you are going to get to a "SALE" when it come to the us mint. </p><p> </p><p>Just my two cents. Good luck.[/QUOTE]</p><p><br /></p>
[QUOTE="jaceravone, post: 997275, member: 9474"]I don't know if I can answer your question with a satisfying answer, but I can say that there is a lot of "what ifs" presented. First we don't know what will happen with gold come the October sales date. Personally, I don't believe gold will jump over $1300/oz, but I have been wrong before. I think eventually it will, but not by then....but it is on fire now so who knows. Second, the price guide that the us mint presents are for the collector versions of the American Eagle coins (W) mintmarks. So naturally, there would be premium over spot vs. their bullion counterparts. Using the ASE as an example, this is why you can typically pick one up from a dealer at or around $22 +/- $2 vs. $4x.00 something dollars for the proof version. The production costs may ultimately be the same for all the coins in question, but there are many other factors that make up the price cost than just cost of materials and production. Lastly, if you are looking to purchase gold/silver for an investment then I would definitely stick with the bullion coins because you will get a much better deal than the collector coins from the us mint. But if you want a nice proof coin, then you are stuck with the mint's prices. In last weeks Coin World, they printed a response in the letter to the editor section that was released from the mint as a response on how they can justify charging so much for their items. In a nut shell, the response was that they look at trying to recoup their overall costs of the product with a slight premium since they do not use tax payers dollars for their expenses, and as most businesses do, try to break even. As a collector, it is frustrating to see these costs go up yearly to rediculous amounts, but as a business person I do understand why they have to do it. I also believe that a 25-35% profit margin is/has been typical for the us mint products. It may fluctuate year to year, but I have just come to expect that over the past 25 years that I have been dealing with the mint. This is why I always give little hip hip hoorays when the price dips down then goes back up. I usually buy during these times if I can because this is as close as you are going to get to a "SALE" when it come to the us mint. Just my two cents. Good luck.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
2010 Proof Gold Coins - Oct. 7
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...