Saint-Gaudens (Cleaned) $10 Over Spot For Me

Okay think what you will about me, but I don't really have a good referencing website to see premiums and I thought I'd come here and ask it.

I can get a cleaned Saint-Gaudens right now for $10 over spot. How much does a cleaned Saint-Gaudens normally sell over for?

I'm assuming I should pull the trigger but I just want confirmation here. Its a big purchase for me.

Thanks for being nice to a new user.

 

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Depends on what you want it for and how bad it looks. If you are investing in gold and the coin is still pretty, I'd pull the trigger.

 

As long as the cleaning is not overdone, I'd maybe go for it.........gottem pic keemosabe?

 

And welcome to the forum dear fellow.

 

Unfortunately no picture. the coins are being handed out random year. I won't know until I get it.

 

1) Is it from a reliable seller? Who is it?
2) Are they graded/slabbed?

I doubt #2; they're probably raw?

My point is... make sure it's real. If you're sure, then my vote would be "go for it", but that's just me.

"It's a big purchase for me". I know how you feel. I wouldn't be putting up this kind of money for something unless I could verify it wasn't a fake.

 

Its from a very reputable company we've all probably purchased from in the past.

It is not graded. Its just given to me in a small little coin protector. It would be genuine.

 

My main concern is $10 over spot sound normal for a Saint-Gaudens?

 

I would wait to hear from the experts, but my local coin shops never have them for that little above melt.

 

Something tells me to advise passing on this deal.

 

Cleaned or normal SG?

 

Seems very good, I would also be leery. Unless you can verify it is real I would probably pass. It is better to pass and lose out on a good deal than buy and find out it is fake, there is a lot more downside than upside.

 

My question is why can the seller offer the coin for $10 over spot. Long-held culls bought eons ago when gold was below $1,000?

 

Is it from one of the bigger PM sellers ? Still that seems awful cheap .

 

I appreciate the feedback. I get a deep discount. Just not sure if its one of those discounts the seller pretends when its really just another normal discount. IE: Always a sale at Kohls 30% off blah blah blah.

Its one of the top 5 biggest PM sellers.

 

If you know the seller than go for it . I was getting ASEs for $16.95 when silver was a little over $16 and everyone else was selling for $19.95-$21.95 .

 

There are .9675 ounces of gold in a $20 gold piece.

At the current price of gold at $1242, the gold value in a $20 is $1206.53.

If by $10 over spot, you mean that the price is $1216, then it is a low markup. If the markup is over the price of a full ounce of gold, at $1252 it isn't such a screaming deal - it nearly gives you something more interesting to look at than a one ounce bar.

 

Exactly, spot is different from melt!

 

"Melt is the value of the metal in any object.
Spot is the price of the metal per troy ounce."

That's the only difference, stated simply... correct?

 

Sounds fishy to me. $10 over spot for a St. Gaudens, even a cleaned one, sounds too good to be true. Plus no pics and years being handed out at random? Methinks someone is selling counterfeits / fakes.