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<p>[QUOTE="GoldFinger1969, post: 4314486, member: 73489"]I just joined HA in 2019. Ebay for years before with mostly low-priced coins and/or bullion but my few Saints were from my LCS.</p><p><br /></p><p><b><i>Really ? So they were in effect "short" (common) Saints and couldn't find them ? </i></b></p><p><br /></p><p>I'm surprised...unless they just didn't want to pay up or worse bet on falling gold prices dragging the price lower and it instead moved higher.</p><p><br /></p><p><i>Maybe the market for gold and/or Saints moved against them, hence why they couldn't deliver?</i> I'll ask my clients if they ever got the runaround.</p><p><br /></p><p><b><span style="color: #0000ff">I've got charts showing the premiums on generic MS64/65 Saints and it's been coming DOWN for years.</span></b> If it's risen of late -- probably in relation to the rising bullion price -- that could explain things.</p><p><br /></p><p>Common Saints used as bullion substitutes with small premiums for numismatic value can see erratic pricing when the underlying price of bullion moves up a few hundred dollars as we have seen of late. Sellers don't know if they should just tack on the extra bullion price (the premium thus FALLS) or keep the premium the same (price rises FASTER than the raw bullion amount).</p><p><br /></p><p>One thing is clear: the moves on the up and downside tend to move further than expected over time. And with sellers quick to jump the price in relation to rising gold prices but prices STICKY TO THE DOWNSIDE when gold is falling, the price as I said can be erratic and move faster or slower in relation to the underlying price of gold.[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 4314486, member: 73489"]I just joined HA in 2019. Ebay for years before with mostly low-priced coins and/or bullion but my few Saints were from my LCS. [B][I]Really ? So they were in effect "short" (common) Saints and couldn't find them ? [/I][/B] I'm surprised...unless they just didn't want to pay up or worse bet on falling gold prices dragging the price lower and it instead moved higher. [I]Maybe the market for gold and/or Saints moved against them, hence why they couldn't deliver?[/I] I'll ask my clients if they ever got the runaround. [B][COLOR=#0000ff]I've got charts showing the premiums on generic MS64/65 Saints and it's been coming DOWN for years.[/COLOR][/B] If it's risen of late -- probably in relation to the rising bullion price -- that could explain things. Common Saints used as bullion substitutes with small premiums for numismatic value can see erratic pricing when the underlying price of bullion moves up a few hundred dollars as we have seen of late. Sellers don't know if they should just tack on the extra bullion price (the premium thus FALLS) or keep the premium the same (price rises FASTER than the raw bullion amount). One thing is clear: the moves on the up and downside tend to move further than expected over time. And with sellers quick to jump the price in relation to rising gold prices but prices STICKY TO THE DOWNSIDE when gold is falling, the price as I said can be erratic and move faster or slower in relation to the underlying price of gold.[/QUOTE]
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Thoughts on this St. Gaudens double eagle
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