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Graded double eagles going for spot?
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<p>[QUOTE="GoldFinger1969, post: 5434514, member: 73489"]OK...I get that.....Santini had said:</p><p><br /></p><p><br /></p><p><br /></p><p>I wasn't sure what he meant, hence my question to him.</p><p><br /></p><p>Assuming he meant what you wrote above...you're basically just saying that the numismatic premium can go up or down, which I agree with. In fact, historically some of the HIGHEST premiums have been when the gold price has been lowest (i.e., 1998-2002). Intuitively, you'd think that with demand for Double Eagles low that the premium would be low, too....but it seems it's like dealers simply won't sell Saints/Liberty DE's for spot bullion when gold was $300-$500/oz.</p><p><br /></p><p>Sort of like the floor for mortgage rates today where banks won't really lend much below 3% even though other interest rates have collapsed much lower than they were the last time mortgage rates were 3%.[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 5434514, member: 73489"]OK...I get that.....Santini had said: I wasn't sure what he meant, hence my question to him. Assuming he meant what you wrote above...you're basically just saying that the numismatic premium can go up or down, which I agree with. In fact, historically some of the HIGHEST premiums have been when the gold price has been lowest (i.e., 1998-2002). Intuitively, you'd think that with demand for Double Eagles low that the premium would be low, too....but it seems it's like dealers simply won't sell Saints/Liberty DE's for spot bullion when gold was $300-$500/oz. Sort of like the floor for mortgage rates today where banks won't really lend much below 3% even though other interest rates have collapsed much lower than they were the last time mortgage rates were 3%.[/QUOTE]
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