How much would this gold sell for?

Discussion in 'Bullion Investing' started by Gam3rBlake, Nov 9, 2020.

  1. Gam3rBlake

    Gam3rBlake Active Member

    DEC0633E-4538-4161-A249-A086D2AE758E.jpeg E498B9EE-4764-4E0E-A42C-B23F8B220EBB.jpeg Hey guys I picked up a couple of these back in January and I’m wondering if anyone knows what they sell for (relative to spot)?

    Are they worth less than spot, about spot, or is there a premium on them?

    I know with American Silver Eagles if you tried to buy one for spot the dealer would laugh at you.

    Thanks!
     
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  3. expat

    expat Remember you are unique, just like everyone else

    Check e-bay and auction sites for sales realised and you can work out an average
     
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  4. furryfrog02

    furryfrog02 Well-Known Member

    A couple of online places I just checked are buying 1oz AGEs for ~$1890 and selling for ~$1970.
     
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  5. Collecting Nut

    Collecting Nut Borderline Hoarder

    Check online sold prices.
     
  6. Gam3rBlake

    Gam3rBlake Active Member


    Oh ok I’ll do that. I wasn’t sure if EBay could be trusted since “sold” and “actually paid for” are two different things.
     
  7. Gam3rBlake

    Gam3rBlake Active Member


    Ah ok thanks! :)

    Wow that’s actually below spot.
     
  8. Collecting Nut

    Collecting Nut Borderline Hoarder

    That's how dealers make money. :)
     
  9. fretboard

    fretboard Defender of Old Coinage!

    Yes it is, if you sell to a coin shop you're always gonna get below spot! :D
     
  10. Gam3rBlake

    Gam3rBlake Active Member


    I thought they made money by buying at spot and selling 5-10% over spot?
     
  11. Mountain Man

    Mountain Man Well-Known Member

    They are clearly marked $50. LOL
    Are you going to sell it, or just curious?
     
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  12. Garlicus

    Garlicus Debt is dumb, cash is king.

  13. Gam3rBlake

    Gam3rBlake Active Member


    They are marked $50 but the gold alone is worth far more. It’s a full Troy ounce!

    That’s why the US Mint charges $2,000+ for em
     
  14. Gam3rBlake

    Gam3rBlake Active Member

    Juju

    That’s just the gold price though. I’m assuming Gold Eagles get a premium just like Silver Eagles compared to say a generic 1 oz gold bar.
     
  15. medoraman

    medoraman Supporter! Supporter

    Heck no. Most people do not get spot when selling to a dealer. When gold was "not as hot" I had about all I wanted of items like this, (eagles, maple leaves, etc), at spot to buy from him. Not a modern gold fan, so I bought early US gold and left this stuff for others.
     
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  16. Gam3rBlake

    Gam3rBlake Active Member

    So was there any premium?

    I was talking to a Bullion dealer on Collector’s Universe forums and he said that he pays spot + $1 for American Silver Eagles spot - $1 for generic bullion such as a 1 oz Silver round from Sunshine Mint.

    If I recall correctly even the US Mint charges $2 over spot for an ASE even when selling to major dealers like APMEX.
     
  17. Mountain Man

    Mountain Man Well-Known Member

    Did you not see the LOL? It stands for Laughing Out Loud as I was joking of course.
     
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  18. medoraman

    medoraman Supporter! Supporter

    No. I would be offered eagles or maple leaves, along with St Gauden or Liberty all at gold ounce price. I understand there is a very slight more gold in the moderns, but I chose the older pieces. I do not know what he pays. He even sold me a little over a year ago the three restrikes, (mercury dime, SL quarter and WL half), for maybe $30 over melt per coin still in mint presentation cases. Another dealer sold me the UHR St Gaudens of 2009 for $40 over melt with all the mint boxes, (HUGE amount of packaging on that coin).

    For modern gold, around melt is all that most will pay for them, and the dealers pay back of that.
     
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  19. Gam3rBlake

    Gam3rBlake Active Member


    Don’t forget the American Gold Eagles come with about a gram of silver too.

    I’m guessing you must be dealing with different kinds of dealers than me because my local coin shop is currently buying ASEs at $26 and selling at $28.
     
  20. Kentucky

    Kentucky Supporter! Supporter

    According to who?
     
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  21. medoraman

    medoraman Supporter! Supporter

    ASE are different animals. They are cheap enough that people can afford to pay premiums. Still, in the end, most are worth the silver market. 2 years ago I was offered a few rolls of ASEs for $1 over spot by the same dealer. The market charges what buyers will bear. Right now there is a "rush" for pm again, and people chasing pm will pay high premiums. When they stop buying, prices will go back to normal. What you want to do is develop relationships like I have. I pay CASH right away so the dealer knows he can move the product and free up cash flow by calling me. That gets me the best prices. I also buy when no one wants it. I posted here the last few years when prices and premiums were down that its a good time to buy.

    When it dies down again, (it always does, I have paid attention to this market since the late 70's), ASE buy price will drop below spot again. Not as much as AGE might, but it will. However, dealers pay more for ASE than most any other form of silver, so you are still getting a "premium" versus other silver you could own. PM is a very long game to play, the dealer buy/sell spreads are too high for any other rational investment to me.
     
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