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Message:: [QUOTE="Marshall, post: 915529, member: 21705"]Ease of getting out your money is a factor in price. You might think that an ounce of gold is an ounce of gold, regardless of how it is coined. Unfortunately, that's the sales pitch you hear when buying, but first time SELLERS discover that you often have to discount some coins more than others and almost always below spot. They have to make their money after shipping and melting costs. American Eagle and Buffaloes are selling at a premium above spot because of numismatic premiums above spot and ease of disposal and minimal discounting required to the spot price. The smaller the margin between buy and sell, the better for value in bullion. This can be done by buying and selling right and never buying a sales pitch. If you're buying, find a bonafide price you can sell it for. If you're selling, find a bonafide offer you can purchase it for. You might be surprised when you pin down actual offers verses sales pitches. Supply and demand drive the market and manipulators have a short lifespan. I learned by buying silver and paid a premium which I was told would cover the entire dealers spread (difference between buy/sell prices) and would then be able to sell back at spot. When I decided to get out, suddenly the spread completely reversed and I had to discount the silver to 70% of an already falling spot and pay the entire spread again. I called the market, but barely broke even. Lesson learned.[/QUOTE]