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Graded double eagles going for spot?
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<p>[QUOTE="GoldFinger1969, post: 5424026, member: 73489"]Depends on how much of a premium. I'd say 5-10% isn't a killer because the coin will still track, nearly dollar-for-dollar, any move up in the price of gold. </p><p><br /></p><p>And that's why someone was buying the coin in the first place, right ?</p><p><br /></p><p>You could always buy a non-graded Saint right for spot bullion. But you won't save much $$$.</p><p><br /></p><p>If you like having the coins in a holder...if you like seeing a grade...if you like having a coin in Mint State or at least an aesthetically-appealing appearance (AU55 and higher or whatever)...then paying 1-3% premium for Saint commons isn't unreasonable.</p><p><br /></p><p>I forgot what I paid but I bought an MS70 2015 Proof American Eagle last year at FUN. Premium wasn't much -- $100 or so ? -- but I know if the price of gold moves up 50% it'll pretty much track.</p><p><br /></p><p>OTOH, when paying huge premiums for numismatics like the 1907 High Relief Saint, you're not buying a play on gold (see 1907 Saint HR thread for up-to-date comments on 1907 Saint HR price trends).[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 5424026, member: 73489"]Depends on how much of a premium. I'd say 5-10% isn't a killer because the coin will still track, nearly dollar-for-dollar, any move up in the price of gold. And that's why someone was buying the coin in the first place, right ? You could always buy a non-graded Saint right for spot bullion. But you won't save much $$$. If you like having the coins in a holder...if you like seeing a grade...if you like having a coin in Mint State or at least an aesthetically-appealing appearance (AU55 and higher or whatever)...then paying 1-3% premium for Saint commons isn't unreasonable. I forgot what I paid but I bought an MS70 2015 Proof American Eagle last year at FUN. Premium wasn't much -- $100 or so ? -- but I know if the price of gold moves up 50% it'll pretty much track. OTOH, when paying huge premiums for numismatics like the 1907 High Relief Saint, you're not buying a play on gold (see 1907 Saint HR thread for up-to-date comments on 1907 Saint HR price trends).[/QUOTE]
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