Message:

<p>[QUOTE=&quot;GoldFinger1969, post: 26538983, member: 73489&quot;]I presume you are talking about the more common Saints, right ?&nbsp; They probably lagged on the upside price-wise and saw their premiums come in once the premium on MS-65&#039;s had shriveled to &lt;15%.</p><p><br /></p><p>Check out premiums for 2 grades of Saints below (<b><i>see charts</i></b>).....I presume the trend would be linear if I had one for MS-66&#039;s.&nbsp; Meaning they are down from a few years ago, but still pretty decent premiums tacked-on to the current price of gold.If gold could be magically &quot;frozen&quot; at $4,000 for 5 years....I would then expect the premium to move up a bit for MS-64&#039;s and above.&nbsp; But the experience for virtually ALL dealers is that gold is either moving UP or DOWN -- it never flatlines for any serious period of time, esp. after a nice runup.&nbsp; The only time it is flat is when it is bombed out as it was after the 1980 Bubble and again in the late-1990&#039;s.</p><p><b><span style="color: #4d4dff"><br /></span></b></p><p><b><span style="color: #4d4dff">This is a unique time period for gold and gold coins. </span></b> We&#039;ve had bigger, longer runs...but the total dollar increase (~$2,000) in only 2+ years is certainly unprecdented.&nbsp; For decades, dealers had to price coins and their inventory knowing that gold would be between $250 - $1,000, give-or-take.&nbsp; The post-2010 environment put us above that floor and to borrow a phrase from the stock market.....It&#039;s Different This Time. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></p><p><br /></p><p>In the past, when gold was $300-$500 an ounce give-or-take for 20 years, you could price an MS-65 or other graded coin knowing that any rise in gold would be contained and you wouldn&#039;t have to have the gold price rise eat into the premium you paid without raising the total price too much.&nbsp; Hence why the premiums were biggest when gold demand and the gold price were at their lowest.&nbsp; Think of it as an insurance policy against a gold price rise which often did occur -- but said price rises were contained (until after 2010).</p><p><br /></p><p><b><i>I don&#039;t know...maybe if we ever approach or exceed $10,000 an ounce for gold we&#039;ll have a thread here about falling premiums for MCMVII High Reliefs !! <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></i></b>&nbsp; It took a decade for gold and gold coinss to &quot;find their level&quot; after price controls on gold were lifted and Americans could legally possess gold coins.</p><p><br /></p><p>[ATTACH=full]1691396[/ATTACH]</p><p><br /></p><p>[ATTACH=full]1691398[/ATTACH][/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in