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<p>[QUOTE=&quot;Publius2, post: 26666169, member: 105571&quot;]Saw a promotional ad in the WSJ this morning for a 1908 No Motto St. Gaudens in BU for $4860, limit 1.&nbsp; No numismatic premium on that for sure!&nbsp; Of course, the real premium you pay is having to listen to their spiel to upsell you on their other stuff.</p><p><br /></p><p>(I know that a Double Eagle does not&nbsp; contain a full ounce of gold so the numbers below are just representative to make the points, not to provide exact calculations.&nbsp; And the opinions are just my own, your mileage may vary.)</p><p><br /></p><p>Back in July 2023 when spot was $1920 I bought a 1908 No Motto St. Gaudens in PCGS MS-65 for $2400.&nbsp; So the numismatic premium at retail was $400 to $500.&nbsp; Now it&#039;s essentially zero but I could sell that coin today for about $5000, making a profit of about $2600 in nominal dollars.</p><p><br /></p><p>Now, if I was a dealer and I sold that coin and took the same profits, I couldn&#039;t replace that coin in inventory for less than about $4800 and then sell it at retail for more than about a $50 to $100 premium over spot.&nbsp; So, my profit margin going forward on these coins has been dramatically reduced despite having gained a bit of windfall profit on the first coin.</p><p><br /></p><p>For collectors who need gold coins for their collections, if you believe that gold prices have stabilized or even might continue to rise (DeutscheBank has stated they think gold will go to $6K by year end), then now is the time to add the gold coins you need to your collection.&nbsp; Big money going into new and renewed mines in South Africa, USA, and Australia, so we know how they are betting.</p><p><br /></p><p>OTOH, if you&#039;re nervous about the future price of gold and don&#039;t want to or can&#039;t put that much money at risk, then sitting tight and hoping for a big fall in gold is the right strategy.&nbsp; </p><p><br /></p><p>For myself, the only gold coin I need is the $5 Liberty Head with Motto to replace the AU-Details-Cleaned example currently in the type set.&nbsp; Maybe sell the one I have for about spot and use the funds to buy a better date/MM/grade coin.&nbsp; Or, buy a new one and keep the old one for its bullion value.&nbsp; Choices, choices.[/QUOTE]</p><p><br /></p>

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