I wanted to get a 1/10th oz. gold 5 dollar one of the new ones and i wanted to find the best price where do you guys suggest I look other than local coin shops which I plan to?? I am also looking for a 1.10th oz platinum eagle where is the best place too find both coins at a good deal is there any good dealer online?? Any advice would be very helpful.
You can get the 1/4 oz. gold eagle on eBay for between $40 and $70. Most of what I have seen have gone in the $50 range. If you are patient and look for auctions missing key words in the title bar, you may be able to get it a little cheaper. The 1/4 oz platinum goes for between $80 and $90.
Local coin shops are the cheapest way to go, probably. No shipping fees that way. Don't pay more than $50. In fact you should be able to find a $5 gold for about $45. The 1/10 oz plat will of course be more expensive but don't pay a huge premium over the "melt" value, unless you insist on a proof or a 2004 dated coin. Hope this helps! Nick
Since Pt is around $830 per ounce, a 1/4 ounce of it should be selling for around $210 for just the melt. Most platinum $25 bullion coins (.25 ounce) are selling for around the low $300's and high $290's. Gold (Au) at .25 ounces ($10 coin) is selling in the $130's based on a $410-$420 gold market.
TraderNick (or other folks in the know) -- Can you please explain the differing prices for recent-year bullion coins? Why would the (non-proof) 2004 command a premium over the, say, 2002, as you suggest above? I have been watching bullion coin prices (although I do think the coins are beautiful, I am mostly interested in investment value), but have never understood why different recent years would vary so much in price (2, 3, or even 4 percent?). Any insight would be greatly appreciated. Dymaxion
The biggest reason that current dates bring more money in the market place is demand. All previous dates return to bullion only transactions. Collectors buy the coins for their beauty more than their melt value. Now this doesn't apply as an exact rule, as some early dates in the Eagle program are just plain difficult to find. But as the general rule, the current date will command a small premium just for the fact that it is in demand.
