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<p>[QUOTE=&quot;Doc J, post: 3213618, member: 29599&quot;]I just don&#039;t understand why old gold coins (like the Saint-Gaudens) can sell for a smaller margin above gold spot price than a new gold coin?</p><p><br /></p><p>I was at a coin show last Sunday and watched it happen twice. A $20 gold coin is 97% gold by weight vs. 100% (or 99.9%) for a bullion coin. One sale was a U.S. Eagle and one was a Maple Leaf.</p><p><br /></p><p>Gold was $1218 on the spot market on Sunday. The Eagle and Maple sold at a 5% premium ($1280).</p><p><br /></p><p>I bought a couple of St-Gaudens for $1200 (2% premium).</p><p><br /></p><p>I wouldn&#039;t want to be a Coin Dealer at a Coin Show since I&#039;d buy and sell the low margin stuff. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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