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Premiums on Double Eagles and Gold Coins Collapsing
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<p>[QUOTE="johnmilton, post: 26116149, member: 101855"]At this point the main profits that will come from common date double eagles will be from increases in the price of gold bullion. The numismatic premium has slowly been wrung out of them. </p><p><br /></p><p>A collector might buy one as a type coin, as I have done with the American Gold Eagles, but you can’t afford to pay $3,000+ for every date and mint mark, especially when it's common. I consider purchases on that level to be "major buys."</p><p><br /></p><p>There are many collectors who are primarily interested in profits. That's why there was so much emphasis on key dates and varieties when I was a dealer. The common dates were "stuff" and not "worthwhile." The result was items like the 1937-D three legged Buffalo Nickel became so expensive, even though it's really pretty common.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 26116149, member: 101855"]At this point the main profits that will come from common date double eagles will be from increases in the price of gold bullion. The numismatic premium has slowly been wrung out of them. A collector might buy one as a type coin, as I have done with the American Gold Eagles, but you can’t afford to pay $3,000+ for every date and mint mark, especially when it's common. I consider purchases on that level to be "major buys." There are many collectors who are primarily interested in profits. That's why there was so much emphasis on key dates and varieties when I was a dealer. The common dates were "stuff" and not "worthwhile." The result was items like the 1937-D three legged Buffalo Nickel became so expensive, even though it's really pretty common.[/QUOTE]
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Premiums on Double Eagles and Gold Coins Collapsing
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