Discussion in 'Bullion Investing' started by Tuco, Aug 1, 2020.
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That said, he mostly has gold coin pendants!
As for the OP....from an investment POV, you can't justify paying the massive premiums on fractionals unless you really like the coin and/or won't be able to afford a larger size of gold for some time.
I haven't checked HA, Ebay, or GC....but I would think you might be able to buy a low-MS60's Saint for less than $2,150 but don't quote me on that.
Premiums can increase or decrease as the price of gold changes.
I'd rather have paid a 15% premium on gold a year ago than a 3% premium today !
You got that right! The buyers on ebay are paying crazy premiums and that's across the board, never before have I seen foreign gold coins selling for such high prices!
Well, maybe not 15%...but you get the idea.
At FUN back in January, MS63 and lower common Saints were practically being given away. Maybe a $30 premium, sometimes lower, even accounting for the 0.9675 of an ounce of gold.
I bought a 1915-S rather than a new Buffalo or Eagle.
Your 0.9765 Saint was a good call, it's now selling for about $60 more than a 1.0 oz. Buffalo, nice
Why did you buy gold ?
To make a few $$$ and sell it a bit higher...or for disaster insurance in case something goes wrong financially or politically in this country ?
Everybody's circumstances are different, but me, I want to hold my gold through November and early-2021 to cover any political or virus uncertainty.
If you don't need the money, don't sell! Nobody I know is selling right now as we're all waiting for a bigger payday! Sure, I can make a few hundred dollars off of one of my Saint Gaudens coins if I sold today but I don't care! My gold pieces have become part of my family and I'm shooting for top dollar!
People may sell some bullion or ETFs, but not their numismatics and other coins with aesthetic or numismatic value.
True, no attachment to the gold coins, go ahead and sell!
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