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<p>[QUOTE="tsk, post: 155319, member: 5858"]Well, I'm a little confused here. I think you may be arguing over what I consider a "small premium" over spot. I am just trying to say that there are a variety of the gold eagles that you can buy and the only real consideration a seller has is the spot price of gold. He then ads some fixed amount to that. That amount tends to be a higher percentage for the smaller gold coins and a smaller one for the one ounce coins. There are a variety of places you can go and if you don't care particularly about the year, you can go buy 1 ounce gold eagles for maybe $25 over the spot of gold which is currently about a 4% premium.</p><p><br /></p><p>Now, since you mention the 1999, I just went to eBay and searched completed auctions for the 1 ounce and I see the following prices on the first 3 auctions I came across (last 2 include shipping): 640+S&H, 658 and 668. I can almost guarantee you that the primary factor in the bidders mind was the price of gold on the day the auction ended. If gold was $50 less, I bet those prices would be about $50 less. I assume you could repeat the results with the 1998 coins also (and I'm too lazy to try it right now). </p><p><br /></p><p>Again, I'm in no way claiming that the gold set will be selling at some fixed premium to gold spot (that was Tracy's claim).[/QUOTE]</p><p><br /></p>
[QUOTE="tsk, post: 155319, member: 5858"]Well, I'm a little confused here. I think you may be arguing over what I consider a "small premium" over spot. I am just trying to say that there are a variety of the gold eagles that you can buy and the only real consideration a seller has is the spot price of gold. He then ads some fixed amount to that. That amount tends to be a higher percentage for the smaller gold coins and a smaller one for the one ounce coins. There are a variety of places you can go and if you don't care particularly about the year, you can go buy 1 ounce gold eagles for maybe $25 over the spot of gold which is currently about a 4% premium. Now, since you mention the 1999, I just went to eBay and searched completed auctions for the 1 ounce and I see the following prices on the first 3 auctions I came across (last 2 include shipping): 640+S&H, 658 and 668. I can almost guarantee you that the primary factor in the bidders mind was the price of gold on the day the auction ended. If gold was $50 less, I bet those prices would be about $50 less. I assume you could repeat the results with the 1998 coins also (and I'm too lazy to try it right now). Again, I'm in no way claiming that the gold set will be selling at some fixed premium to gold spot (that was Tracy's claim).[/QUOTE]
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How far can these coins go up?
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