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<p>[QUOTE="GoldFinger1969, post: 2072410, member: 73489"]As the actual price of gold goes lower, past history and common sense would indicate that the premium would NOT narrow much more but likely increase. Of course, you'll be down alot more on the drop in gold.</p><p><br /></p><p>As a numismatic investment, I am not sure MS-63's are the best investment....HOWEVER....if you are buying them as a substitute for pure bullion coins then (accounting for the gold content differential) having the potential (sort of a free 'call' option) to have the premium drag the value of your coin up means you could reap a nice windfall.</p><p><br /></p><p><b><span style="color: #00b359">Here's a chart of Saint-Gaudens premiums going back decades</span></b>....the lower the grade, the less of a numismatic premium and the more they trade like spot gold. You really need to see MS-65 levels to see premium takeoff in any future 'hot' market for Saints:[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 2072410, member: 73489"]As the actual price of gold goes lower, past history and common sense would indicate that the premium would NOT narrow much more but likely increase. Of course, you'll be down alot more on the drop in gold. As a numismatic investment, I am not sure MS-63's are the best investment....HOWEVER....if you are buying them as a substitute for pure bullion coins then (accounting for the gold content differential) having the potential (sort of a free 'call' option) to have the premium drag the value of your coin up means you could reap a nice windfall. [B][COLOR=#00b359]Here's a chart of Saint-Gaudens premiums going back decades[/COLOR][/B]....the lower the grade, the less of a numismatic premium and the more they trade like spot gold. You really need to see MS-65 levels to see premium takeoff in any future 'hot' market for Saints:[/QUOTE]
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