US gold coins

Good documentation.

My take on the Heritage auction records is that sometimes it is about being on the ball and having bucks to bid, or credit, on memo, etc..

There are a lot of extremely wealthy people out there who will pay top dollar on the retail level, when coins are selling well below that at the wholesale level.

CAC coins are trading at premiums to all those Heritage results. MS63 $20 Libs. are worth $100 over at least with a CAC sticker.

If you order from Ampex or other high volume national dealer will you get a PQ coin? I doubt it very much. Those coins are cherry-picked or CAC'd.

Watch the premiums soar when gold moves big next time. People don't want to get left behind. There are people around the world who collect US gold.

Another thought, Goldline has been under a cloud until their case is resolved, one huge promoter. Any news?

 

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doesn't heritage charge a 15% buyers premium ?

 

I wasn't going to mention that part. lol

 

And I don't know what quantities are necessary for their sheet prices, they pay considerably in back of those dealer prices.

Apmex lists certified gold at reasonable prices.

 

sorry, I don't have an account with heritage so I can not see the final realized prices

 

But, as you just said, that's almost certainly picked over, and heavily weighted toward the bottom of each grade.

Say I've got three MS63 Saints, same date, same mint. One looks for all the world like it should get 64 or 65. One is clearly 63, but a great example with outstanding eye appeal. One looks like it should have gotten a 61. Which one am I going to try to cross or upgrade, which one am I going to send to CAC, and which one am I going to sell to APMEX?

 

to me a ms 63 or higher with only a 10% premium is a good deal. just don't sell it on Heritage. lol

 

19th century gold, now near spot, is a pretty good deal, IMO.

Basically, you're getting the oldness for free, and if (when) gold takes a dive there will be a premium for them -- and this premium is kind of like an insurance policy.

In short, it's a slightly less risky way to play the PM (gold) market.

 

good point. and to me even common date 19th century gold is a piece of history. it was minted for the purpose of circulation many years ago. I like them.

 

I was talking about $5 & $10 gold, try to buy those at spot + 10-15% in a graded ms63. the 20s are a lot more common in UNC.

 

Premiums are at the lowest I have ever seen on certified gold. I contacted Rarcoa, Spectrum and Heritage and none of them are paying much of a premium for MS 63 $20 generics. About the same you would pay for a U.S. eagle! Rarcoa was offering the least, Heritage does not need a lot of coins. It could turn around quickly like last year, where premiums will shoot up.