Message:

<p>[QUOTE=&quot;Paul M., post: 2104212, member: 73165&quot;]What I&#039;d expect to happen in a situation like this roughly the following:</p><ul> <li>Anybody who bought way too many Saints at their peak is either out of business or is essentially forced to sell to stay solvent.&nbsp; Those coins are out there, which pushes premiums down in the short term.</li> <li>Gradually, over time, everybody else sees numismatic premiums decreasing and starts wanting to sell.&nbsp; When these guys finally punt, premiums drop even further.</li> </ul><p>The only thing that can realistically increase collector premiums on generic gold coins (Saints especially because they&#039;re so large and relatively common among gold coins) is a huge amount of collector interest.&nbsp; But, you&#039;re never going to get that with a coin that costs $1000+ and has multiple key coins in the $20K+ range in MS60.&nbsp; I&#039;d probably exhaust my entire lifetime coin budget on 1929-1931!</p><p><br /></p><p>I think this, in short, is what we&#039;re seeing.</p><p><br /></p><p>On top of this, I suspect the American Gold Eagle exerts downward pressure on, and creates an upper bound for the numismatic premium of MS grade, common-date Saints.&nbsp; After all, if all you want the coin for is the gold, why not get the newer version that trades at small premium to spot and has the same obverse design?</p><p><br /></p><p>So, in summary, collector interest in Saints as a series is depressed by their high prices. Market forces should push premiums down over time simply due to people liquidating.&nbsp; And, AGEs should further reduce demand on Saints by giving bullion investors a better place to get gold bullion.[/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