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Can buying older gold get you closer to spot?
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<p>[QUOTE="GoldFinger1969, post: 2080104, member: 73489"]That's been the case in recent years AND decades -- but that's because <b><span style="color: #ff0000">the premiums to bullion were astronomical for high-grade coins after the experience of the 1970's (gold up 20-fold) and 1980's (numsimatic premiums went from 100% to 1,000% for some coins).</span></b></p><p><br /></p><p><br /></p><p>Confused here....why break up the sets, why not sell them as-is with the silver coins valued more highly ?</p><p><br /></p><p><br /></p><p>Premiums for many DEs -- let's say MS-65, the Gem Dividing Line<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /> -- are actually LOW by historical standards. Premiums take many years to dissipate as sellers are 'sticky to the downside' to accept the New Reality. Prices for actual commodities adjusts more rapidly, whether it is gold, silver, or oil, as you have seen recently.</p><p><b><span style="color: #0000ff"><br /></span></b></p><p><b><span style="color: #0000ff">Here's some charts for Saint-Gaudens premiums through the years:</span></b>[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 2080104, member: 73489"]That's been the case in recent years AND decades -- but that's because [B][COLOR=#ff0000]the premiums to bullion were astronomical for high-grade coins after the experience of the 1970's (gold up 20-fold) and 1980's (numsimatic premiums went from 100% to 1,000% for some coins).[/COLOR][/B] Confused here....why break up the sets, why not sell them as-is with the silver coins valued more highly ? Premiums for many DEs -- let's say MS-65, the Gem Dividing Line:D -- are actually LOW by historical standards. Premiums take many years to dissipate as sellers are 'sticky to the downside' to accept the New Reality. Prices for actual commodities adjusts more rapidly, whether it is gold, silver, or oil, as you have seen recently. [B][COLOR=#0000ff] Here's some charts for Saint-Gaudens premiums through the years:[/COLOR][/B][/QUOTE]
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