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<p>[QUOTE="WolfStock, post: 2515779, member: 81810"]Wow - thanks for all the responses! My replies/questions:</p><p><br /></p><p><br /></p><p><br /></p><p>Yes I realize this - I'm not expecting to get the *current* spot price in the book; just what was used as basis to help determine the prices on coins that have a lot of bullion value. Usually I'll check a site like kitco to get the current spot price.</p><p><br /></p><p><br /></p><p><br /></p><p>Yes this is why I was wanting to get it.</p><p><br /></p><p><br /></p><p><br /></p><p>Yes that's pretty much what I figured. As such - it seems like the closest one to "pure bullion" would be the American Buffalo (I just now realized), which is $1,350 for Uncirculated (page 369). That would seem to indicate that the spot price at the time of publishing was somewhere $1,320 - 1,340 or so, if one figures say a few $ premium for the coin itself.</p><p><br /></p><p><br /></p><p><br /></p><p>Yes - this is what I'm looking for. Guess the standard Red Book (463 pages for 2017) doesn't have it.</p><p><br /></p><p>$1200 for gold seems to indicate that the Mega Red Book is very different than the "standard" Red Book, which seems to have a spot basis somewhere around $1300-1350 or so.</p><p><br /></p><p>So then for instance if I wanted to buy a 1912 VF-20 St. Gaudens - that shows a value of $1,300 (page 287). If I knew that the "base spot price" of gold at the time of that $1,300 valuation was say $1,270, that means the coin's generally worth (retail) about $30 over the per-ounce price of gold. So if I went to buy next month, and at the time gold was say $1,400 spot - then I would expect to have to pay $1,430 for that coin. No one would sell it for the $1,300 shown in the book, because price was determined back when gold was $1,270; gold's now gone up by $130 an ounce so the coin would go up by roughly the same amount (perhaps a bit less, since it's not quite a full oz).</p><p><br /></p><p>So anyhow - like I say I'm guessing spot was around $1,330-1,340 (?). It'd be nice to somehow know for sure though. I wish they would publish it in this book like they did the Mega Red Book.</p><p><br /></p><p>(Same principle applying to silver etc. of course)[/QUOTE]</p><p><br /></p>
[QUOTE="WolfStock, post: 2515779, member: 81810"]Wow - thanks for all the responses! My replies/questions: Yes I realize this - I'm not expecting to get the *current* spot price in the book; just what was used as basis to help determine the prices on coins that have a lot of bullion value. Usually I'll check a site like kitco to get the current spot price. Yes this is why I was wanting to get it. Yes that's pretty much what I figured. As such - it seems like the closest one to "pure bullion" would be the American Buffalo (I just now realized), which is $1,350 for Uncirculated (page 369). That would seem to indicate that the spot price at the time of publishing was somewhere $1,320 - 1,340 or so, if one figures say a few $ premium for the coin itself. Yes - this is what I'm looking for. Guess the standard Red Book (463 pages for 2017) doesn't have it. $1200 for gold seems to indicate that the Mega Red Book is very different than the "standard" Red Book, which seems to have a spot basis somewhere around $1300-1350 or so. So then for instance if I wanted to buy a 1912 VF-20 St. Gaudens - that shows a value of $1,300 (page 287). If I knew that the "base spot price" of gold at the time of that $1,300 valuation was say $1,270, that means the coin's generally worth (retail) about $30 over the per-ounce price of gold. So if I went to buy next month, and at the time gold was say $1,400 spot - then I would expect to have to pay $1,430 for that coin. No one would sell it for the $1,300 shown in the book, because price was determined back when gold was $1,270; gold's now gone up by $130 an ounce so the coin would go up by roughly the same amount (perhaps a bit less, since it's not quite a full oz). So anyhow - like I say I'm guessing spot was around $1,330-1,340 (?). It'd be nice to somehow know for sure though. I wish they would publish it in this book like they did the Mega Red Book. (Same principle applying to silver etc. of course)[/QUOTE]
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Newbie here - question on Red Book
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