Am i the only person unhappy with the price of gold? I was working on a sovereign collection but its been cut short by the huge rise in bullion prices. I started a few months back and i was picking them up <£70 inc p&p on the bay. The other night some one denied me a 2004 and paid £85 and £6 p&p, £91! I dont want to continue my quest really now. Do u think gold will continue to go through the roof, or should i start a new collection?
It could go either way. But what you can do is look for coins with numimsamatic value. The price of gold affects them very little.
Really? It was my impression that gold coins with numimsamatic value echo gold prices in multiples of the gold. So if a 1907 double eagle will triple in price if gold doubles. Ruben
Dunno where you got that idea Ruben, but it's the first I've ever heard of it. I wouldn't agree with it either.
Well, it was a line from sales reps of rare gold coins. They seemed to have backed it up with stats, but they are sales reps. Ruben
If you believe that's an even remotely reliable source, please PM me immediately about a bridge I have for sale quite near you.
I have mixed feelings about the rise in gold prices too. I'm happy for the gold coins I already own, but sad about the coins I'll never get except at higher prices. One way to look at it is to subtract the bullion value from the total cost of the coin and consider that to be what you are really paying for the collectible and the rest is an investment in bullion.
Well if one thinks that gold is going to continue to rise in price in the long and I repeat the long run, then whatever you pay for bullion type coins today will be considered a good price tommorrow.
Basically the value of gold will set the floor of the value of a coin containing it. Realtively rare coins will not be affected by changing gold prices as much as more common ones will. The larger of a fraction of a coin's value is represented by its gold content is, the more it will be affected by the change of gold's price, if that makes any sense.
