Well, I did hold off after suggesting to load up on a bunch more back in 2016. 3 years out now, dont see much chat on the Moderns... I watched the 2015 High relief American Liberty GOLD MS-70 PL go from 13K all the way down to 6K Glad I listened to experience here... Just wondering, with the price of gold 10% lower than earlier in the year, another 2 years added, is this about the lowest you will get an MS-70 vs Spot price ? At some point it has to flatten out... Imagine all those Mercury's bought at top dollar.. .yikes Thanks Guys...
I have been tracking the high-grade proof likes. They are just too expensive to buy. They have been trending down words for years, and I expect them to continue to do so. Ultra High Relief gold, Palladium, what not... They will all follow a similar pattern.
I would never hazard a guess on a question like that for ANYTHING. The poster above is like 99% likely to be correct. Why? "Motivated" sellers happen MUCH more than motivated buyers do.
Do you think that a Graded coin of MS-70 which you can get now at 1895.00 vs 1220.00 spot. This same coin (MS-70) was $2195.00 a year ago. So from history not even a guess ? If Spot was the same 3 years from now, the 70 moves to $1395.00 or back to $2195.00 I see your point, it really would just be a guess... Especially with no shortage of Good Coins from this mintage.
Reversing a negative trend is VERY unlikely. Premiums over melt are NEARLY, with rare exceptions, always a one way trip down. The 2015 is a HUGE mintage for an ounce of gold.
Ok, so to carry on the conversation. Still trying to learn and still have little interest in starting an old coin collection unless I land a big collection that I can then add onto. Question... If you were looking to add Monetary value in Gold... The common harder to find coins would be the way. Would you chose a 2008-W Buffalo burnished, or a 1997WJackie Robinson commemorative, harder to find ones that do add value due to lower mintage....?
1997-W Robinson - that coin drives me crazy, I see them at $2500.00 and cameo's at 800.00 A regular strike worth more than a PROOF... That makes no sense to me... I cant even figure out if the total overall is 5174 or is that just regular strike and so on. "THEY" "YOU GUYS" don't make it easy
I guess the difference is that the 5174 will ONLY gain in Value, plus Always holds it's gold price... I almost feel for NGC, nothing or nearly nothing hold the price...
By and large, the business strike gold always winds up with the lower numbers.......back, a few years ago, I would always purchase both a proof and an uncirculated gold commem, but budget constraints (being as they are) only allow me (currently) to purchase one piece so I always go with the business strike.
Even with weakening prices, the prices of the high reliefs are still too much for me to swallow. Pity. I’d love to own one.
I feel the same way now. Learning curve, as long as it is with GOLD I dont feel bad. Picked up a burnished Buffalo 2008 yesterday. Happy with the price, of course it is VALUED higher on the NGC site, which one can expect i guess.. There is always more to learn. Picked up a Pre-1933 double eagle last week too.
