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new to bullion - Confusion over gold/silver value spot, vs. numismatic
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<p>[QUOTE="GoldFinger1969, post: 25289345, member: 73489"]I would say NO. Unless you are sending in dozens or hundreds, it's not enough of a premium to have a 70 or even 69. I've bought modern 1-ounce 70's at maybe a 3-5% premium to spot gold. The economics don't work.</p><p><br /></p><p>Now....if you had many sub-1 oz. coins where the premium to spot was huge and you got them at spot...that's different. But that's an outlier.[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 25289345, member: 73489"]I would say NO. Unless you are sending in dozens or hundreds, it's not enough of a premium to have a 70 or even 69. I've bought modern 1-ounce 70's at maybe a 3-5% premium to spot gold. The economics don't work. Now....if you had many sub-1 oz. coins where the premium to spot was huge and you got them at spot...that's different. But that's an outlier.[/QUOTE]
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new to bullion - Confusion over gold/silver value spot, vs. numismatic
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