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<p>[QUOTE=&quot;GoldFinger1969, post: 26122441, member: 73489&quot;]<b><i>I understand HOW the price is changing but I don&#039;t understand WHY it is changing. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie100" alt=":wideyed:" unselectable="on" unselectable="on" /></i></b></p><p><br /></p><p>If an MS-65 1924 Saint sells for $2,400 when gold was $2,000....why doesn&#039;t it sell for either $3,400 when gold is $3,000 (fixed dollar premium of $400).....or $3,600 (20% percentage) ?</p><p><br /></p><p><b><span style="color: #ff0000">For some reason I&#039;m having trouble comprehending, the premium dissipates as the price of the underlying gold content goes up.</span></b></p><p><br /></p><p>In the past, the premium disappeared -- pre-1933 gold traded at bullion melt -- at the grade where the supply exceeded demand from Registry and Type collectors.&nbsp; At that point, the only buyers were the investment crowd who would pay basically the price of gold...MAYBE with a tiny premium in the LSDs.</p><p><br /></p><p>Now ?&nbsp; The premium is disappearing at levels which were clearly never considered coins for the investor crowd before.&nbsp; Another year or two and MS-66 commons might be trading flat to gold or at a paltry premium !! <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie100" alt=":wideyed:" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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