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<p>[QUOTE="johnmilton, post: 26767366, member: 101855"]As a coin collector, I'm thinking <b>GOOD! </b></p><p><b><br /></b></p><p>I will be giving a presentation at Summer FUN about the $20 gold piece. The sad part is with the price of gold at $5,000+, most collectors can't afford to buy even a couple of type coins. At the same time, with the wholesale bids flat from EF-40 to as high as MS-64, there is good chance that many old collector coins are going to go to the melting pot. Once they are gone, they are gone; there is no bringing them back. Gold will never be as cheap as it was, but at least this might take some pressure off the melting pot angle. </p><p><br /></p><p>Even with CAC stickers, I see certified $20 gold pieces in decent grades like MS-62 priced close to the spot price. Those coins might be more interesting to the speculators than a boring gold bar. At least one can hope. </p><p><br /></p><p>And yes, big old gold bars are boring. Back with the <i>SS Central America</i> gold recovery bars were on the market, a bunch of them were melted down and turned into "restrike California gold pieces" because no one was buying them.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 26767366, member: 101855"]As a coin collector, I'm thinking [B]GOOD! [/B] I will be giving a presentation at Summer FUN about the $20 gold piece. The sad part is with the price of gold at $5,000+, most collectors can't afford to buy even a couple of type coins. At the same time, with the wholesale bids flat from EF-40 to as high as MS-64, there is good chance that many old collector coins are going to go to the melting pot. Once they are gone, they are gone; there is no bringing them back. Gold will never be as cheap as it was, but at least this might take some pressure off the melting pot angle. Even with CAC stickers, I see certified $20 gold pieces in decent grades like MS-62 priced close to the spot price. Those coins might be more interesting to the speculators than a boring gold bar. At least one can hope. And yes, big old gold bars are boring. Back with the [I]SS Central America[/I] gold recovery bars were on the market, a bunch of them were melted down and turned into "restrike California gold pieces" because no one was buying them.[/QUOTE]
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