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Is it wrong to hope spot price keeps dropping??
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<p>[QUOTE="-jeffB, post: 3542675, member: 27832"]"Spot" means the spot price of gold. So, since gold is around $1280/oz today, and the coin contains half an ounce of gold, "spot price" for the coin would be $640.</p><p><br /></p><p>You can buy some gold coins near their spot value, but some have a "numismatic premium", meaning they have value beyond just the gold they contain. The 2016 Walker still does, although I think that premium is shrinking. Modern commemorative half-eagle ($5) gold mostly goes for very close to spot, with a few exceptions. The gold First Spouse coins (half-ounce) also don't hold much of a premium.</p><p><br /></p><p>I wouldn't mind owning the 2016 commemoratives, but I think if I'm patient I'll be able to get them at a lower price than we see today.[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 3542675, member: 27832"]"Spot" means the spot price of gold. So, since gold is around $1280/oz today, and the coin contains half an ounce of gold, "spot price" for the coin would be $640. You can buy some gold coins near their spot value, but some have a "numismatic premium", meaning they have value beyond just the gold they contain. The 2016 Walker still does, although I think that premium is shrinking. Modern commemorative half-eagle ($5) gold mostly goes for very close to spot, with a few exceptions. The gold First Spouse coins (half-ounce) also don't hold much of a premium. I wouldn't mind owning the 2016 commemoratives, but I think if I'm patient I'll be able to get them at a lower price than we see today.[/QUOTE]
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