Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
$4,000 Gold By 2023 ?
>
Reply to Thread
Message:
<p>[QUOTE="GoldFinger1969, post: 5127302, member: 73489"]Agreed...alot will depend on how the premiums for quasi-bullion and numismatic coins fares. Premiums right now are pretty low by historical averages (it tends to be when gold prices are high).</p><p><br /></p><p><b><i>I presume that the 1904 Liberty is mostly numismatic in MS64 condition, no ? </i></b>That's about what I paid for my 1923-D Saint earlier this year.</p><p><br /></p><p>I think the key will be for generic DE's at the MS65 level (or corresponding level where the numismatic value takes off, as with your 1904 at the MS64 level). Premiums there right now/recently were 20-25% -- not miniscule, not exorbitant. Buyers pay a premium but are still within site of the price of 1 oz. of gold.</p><p><br /></p><p>Again, I have posted charts here on CT which showed the premium to gold for various coins. I can always repost.</p><p><br /></p><p><b>FWIW, I think if gold hits $3,000 then your 1904 Liberty DE has to sell for $4,500 minimum and $6,000 at the high end. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie33" alt=":cigar:" unselectable="on" unselectable="on" /> <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /> </b> This assumes we don't have a stampede into numismatics that takes coins up both on rising PM price and numismatic value.[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 5127302, member: 73489"]Agreed...alot will depend on how the premiums for quasi-bullion and numismatic coins fares. Premiums right now are pretty low by historical averages (it tends to be when gold prices are high). [B][I]I presume that the 1904 Liberty is mostly numismatic in MS64 condition, no ? [/I][/B]That's about what I paid for my 1923-D Saint earlier this year. I think the key will be for generic DE's at the MS65 level (or corresponding level where the numismatic value takes off, as with your 1904 at the MS64 level). Premiums there right now/recently were 20-25% -- not miniscule, not exorbitant. Buyers pay a premium but are still within site of the price of 1 oz. of gold. Again, I have posted charts here on CT which showed the premium to gold for various coins. I can always repost. [B]FWIW, I think if gold hits $3,000 then your 1904 Liberty DE has to sell for $4,500 minimum and $6,000 at the high end. :cigar: :D [/B] This assumes we don't have a stampede into numismatics that takes coins up both on rising PM price and numismatic value.[/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
>
Bullion Investing
>
$4,000 Gold By 2023 ?
>
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...