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<p>[QUOTE=&quot;umtrr-author, post: 448631, member: 5719&quot;]Granted, this is only going to be a sample size of one show, but it&#039;s going to be interesting to see what kind of premium bullion coins and common gold and silver will have over the &quot;spot&quot; price at the show I&#039;m going to this weekend. </p><p><br /></p><p>I&#039;m guessing that prices for gold coins that have no significant numismatic premium are going to be selling at the equivalent of $1000 to $1200/ounce when today&#039;s spot price is ~$770 [Wed 29th Oct 08].&nbsp; Considering that I checked the US Mint site today and they&#039;re looking for $1119.50 for a one ounce AGE (uncirculated) I should hardly be surprised at this.&nbsp;&nbsp; American Silver Eagles are $25.95 at the Mint at the moment... give me a break, that&#039;s about a 160% premium over $10 spot!&nbsp; </p><p><br /></p><p>My sense is that there are too many coin dealers who &quot;bought high&quot; and won&#039;t &quot;sell low&quot; regardless of what COMEX et al think the price is today.&nbsp; </p><p><br /></p><p>Yes, a local coin show is probably NOT the place to buy such items.&nbsp; However, I am way too risk averse to drop a lot of cash into gold via a Kitco or otherwise.&nbsp; So the show will be, for me anyway, an indication of what the market is &quot;really like.&quot;&nbsp; And as much as Thalia Elizabeth will want to add to her quantity of gold coins this weekend, I&#039;ll probably be actively discouraging that if the premium over &quot;spot&quot; is as high as I think it will be.</p><p><br /></p><p>I would have no problem being wrong about all of this... in fact, I hope I am! <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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