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<p>[QUOTE=&quot;princeofwaldo, post: 26508223, member: 24091&quot;]No question it is all demand driven.&nbsp; But if hesitancy to sell at spot affects the willingness of future owners to offer the coins at melt, the premiums would have to increase though the sales velocity (inventory turn) would likely have to decrease as well.&nbsp; A good example at the moment would be modern (1950-1970) Peruvian 100 Soles gold coins (and the 50, 20, 20, 10, 5 Soles seated liberty coins to a lesser extent).&nbsp; For many years these traded strictly as bullion coins.&nbsp; But they have incredibly low mintages from some years, and in MS66 and MS67 almost non-existent populations.&nbsp; The high price of gold has drawn a tsunami of consignments at Heritage Galleries in the past year, and many of them are once again selling close to melt even with the 20% buyers premium.&nbsp; Probably my favorite date is 1969.&nbsp; They only struck 540 and it is reasonably available even in MS66 if you watch the auction listings.&nbsp; ALL of the 1950s issues are better coins, not only because of low mintages but also because the surviving number of gems is quite low.&nbsp; Terrific article in Coin World from 2016:</p><p><br /></p><p><a href="https://coinweek.com/world-coins-peru-100-soles-gold-coins-offer-low-mintages-rich-beauty/" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://coinweek.com/world-coins-peru-100-soles-gold-coins-offer-low-mintages-rich-beauty/" rel="nofollow">https://coinweek.com/world-coins-peru-100-soles-gold-coins-offer-low-mintages-rich-beauty/</a></p><p><br /></p><p><br /></p><p>[ATTACH=full]1689784[/ATTACH] [ATTACH=full]1689785[/ATTACH][/QUOTE]</p><p><br /></p>

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