Anyone get the proof 1/10 oz AGE today?

Discussion in 'US Coins Forum' started by Gam3rBlake, Jun 8, 2022.

  1. Gam3rBlake

    Gam3rBlake Well-Known Member

    I never bought one before because the premiums are always so high..

    But I saw a proof one in my LCS recently and it looked beautiful so I decided to get an example this year despite the premium just because it looks fantastic in proof.

    Anyone else grab one? I think mintage was 24,000?
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  3. erscolo

    erscolo Active Member

    No, I do not collect gold coins, especially when the premium is nearly 2x.
     
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  4. Santinidollar

    Santinidollar Supporter! Supporter

    I didn’t buy one, but those coins, especially with the new reverse, are quite the lookers!
     
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  5. Sting 60

    Sting 60 Well-Known Member

    Looks nice but $130.50 over spot?
     
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  6. tibor

    tibor Supporter! Supporter

    I didn't buy this offering. At the ANA this August I bought 10 different
    dates of the 1/10th AGE. Spot 1750 plus 50. $1800 all in. Cash deal!!
     
    -jeffB, Santinidollar and Gam3rBlake like this.
  7. Gam3rBlake

    Gam3rBlake Well-Known Member

    Just wanted one :).

    From what I have seen they tend to hold the premium if slabbed and actually can be profitable if they get the PF70.

    As for the premium..this is one of those coins where I know I’m overpaying for it but I just really like the coin ya know?

    Kind of like how some people buy those silver rounds shaped like bullets even though the premium way above a bar or generic round.

    Sometimes if you want something you’re willing to pay that high premium.
     
  8. Gam3rBlake

    Gam3rBlake Well-Known Member

    Proofs?? In my experience the non-proofs tend not to have that premium due to the infinite mintage.
     
  9. Gam3rBlake

    Gam3rBlake Well-Known Member

    Proofs aren’t for stacking ;)

    Definitely recommend normal AGEs or bars if you’re looking for low premium.

    Doesn’t make it bad though!

    I mean an 1893 S Morgan Dollar sells for over 100x melt! o_O
     
    jamor1960 and -jeffB like this.
  10. tibor

    tibor Supporter! Supporter

    @Gam3rBlake Just regular BU pieces. I was quoted $40-$50/coin
    premium by other dealers for similar transaction. The smaller the coin
    the larger the premium. I was happy.
     
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  11. fretboard

    fretboard Defender of Old Coinage!

    As long as you're happy with it, that's all that counts! :D
     
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  12. -jeffB

    -jeffB Greshams LEO Supporter

    Or, as I prefer to look at it, $1305/oz over spot.
     
  13. Gam3rBlake

    Gam3rBlake Well-Known Member

    But if it’s not bullion is comparing it to spot really fair? o_O
     
    fretboard likes this.
  14. masterswimmer

    masterswimmer Well-Known Member

    The problem is, when you're buying, it's numismatic. When you're selling it's bullion. That's the whole pitch by the seller vs buyer (both being the same dealer depending on which side of the sale you're each on).
     
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  15. -jeffB

    -jeffB Greshams LEO Supporter

    I think it's fuzzy, but like @masterswimmer said, the premium seems kind of one-sided. Personally, I've stopped buying most proofs unless I can get them near spot. (I'll make some exceptions; I bought the Apollo stuff directly from the Mint, even knowing I'd probably never profit from it, because I wanted it and wasn't sure how much it would go up in the aftermarket.)
     
  16. Collecting Nut

    Collecting Nut Borderline Hoarder

    It looks nice but I’m more frugal with my money. A 1/10th ounce of gold at $315.00 per ounce is like paying $3150 per ounce. I just won’t do it.

    I spent $326.00 on a CSA Note today. It’s valued at just over $400.00. It’s graded a 64 with EPQ. Every CSA Note I’ve bought has done nothing but go up in value. I’ll spend the money but not on overpriced gold.
     
  17. Gam3rBlake

    Gam3rBlake Well-Known Member

    Oooh my coin came today! It’s pretty! :)

    (note scratches on capsule not coin)

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