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Gold spot price vs pre-1933 U.S. gold coins
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<p>[QUOTE="medoraman, post: 2222610, member: 26302"]Yeah but there will be a floor. Two things happening. One is strictly bullion, pm market will affect it. Second is collector demand. As gold declines, the collector value increases as an effect to the price. Two extremes would be a beat up, ugly 1924 double eagle, and the other a MS66 ultra high relief double eagle. The first will probably always trade near its bullion value, whatever that is, since most collectors do not want such a common date in such poor condition. The second the price of gold obviously has nothing to do with its value. Most of our coins are somewhat in between, with gold values having some, but certainly not all, of the effect on the pricing.</p><p> </p><p>Bottom line, innately scarcer and more desired coins will decline less with gold going down than ultra common and less desired pieces. Look at barber coins. When silver was high they traded at bullion, now silver is back down they again trade at a premium. Same thing.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 2222610, member: 26302"]Yeah but there will be a floor. Two things happening. One is strictly bullion, pm market will affect it. Second is collector demand. As gold declines, the collector value increases as an effect to the price. Two extremes would be a beat up, ugly 1924 double eagle, and the other a MS66 ultra high relief double eagle. The first will probably always trade near its bullion value, whatever that is, since most collectors do not want such a common date in such poor condition. The second the price of gold obviously has nothing to do with its value. Most of our coins are somewhat in between, with gold values having some, but certainly not all, of the effect on the pricing. Bottom line, innately scarcer and more desired coins will decline less with gold going down than ultra common and less desired pieces. Look at barber coins. When silver was high they traded at bullion, now silver is back down they again trade at a premium. Same thing.[/QUOTE]
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Gold spot price vs pre-1933 U.S. gold coins
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