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"Proof" Bullion, an oxymoron?
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<p>[QUOTE="medoraman, post: 3249161, member: 26302"]If you are paying the premium for the proof, yes, proof bullion is an oxymoron. The purpose of bullion purchases is the most ounces in the form you prefer, (endless arguments can be had about premiums, acceptance, etc etc). Proof finish, by its definition really, is an added premium that to a melter in the future will not bring a premium. Coins versus bars can bring premiums since its easier to certify purity and authenticity, but who in the future when you need bullion will want to pay more for a proof one? </p><p><br /></p><p>Look at some older proof gold eagles that sell at melt. Any premium the buyer paid for the proof strike would have been better spent on more gold. Now, can you wager a certain proof coin will appreciate in value as a collectible? Sure, but that is a collectible coin play, not a bullion one.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 3249161, member: 26302"]If you are paying the premium for the proof, yes, proof bullion is an oxymoron. The purpose of bullion purchases is the most ounces in the form you prefer, (endless arguments can be had about premiums, acceptance, etc etc). Proof finish, by its definition really, is an added premium that to a melter in the future will not bring a premium. Coins versus bars can bring premiums since its easier to certify purity and authenticity, but who in the future when you need bullion will want to pay more for a proof one? Look at some older proof gold eagles that sell at melt. Any premium the buyer paid for the proof strike would have been better spent on more gold. Now, can you wager a certain proof coin will appreciate in value as a collectible? Sure, but that is a collectible coin play, not a bullion one.[/QUOTE]
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