What are your thoughts on current Pre-1933 U.S. Gold premiums?

Discussion in 'Bullion Investing' started by Tuco, Aug 1, 2020.

  1. Tuco

    Tuco Active Member

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  3. furryfrog02

    furryfrog02 Well-Known Member

    I think they are redic. I'd love to own a $5 but could not fathom paying that much of a premium. I'd rather get a British Sovereign for basically melt.
     
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  4. fretboard

    fretboard Defender of Old Coinage!

    Yeah, a bit on the high side, I can do better at my LCS! :D That said, he mostly has gold coin pendants!
     
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  5. GoldFinger1969

    GoldFinger1969 Well-Known Member

    I guess the premium on the Saint-Gaudens bullion-substitute I bought at FUN was a bit pricier than I thought, since I calculated off 1 net ounce rather than 0.9675. Oh well...still bought much cheaper than today so.....:D

    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.:p
     
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  6. Tuco

    Tuco Active Member

    I agree, these premiums are out of sight right now. Really wish I'd bought more last year, I'm guessing they will go higher before improving but it could take a long time.
     
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  7. GoldFinger1969

    GoldFinger1969 Well-Known Member

    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 !
     
  8. fretboard

    fretboard Defender of Old Coinage!

    You got that right! :D 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!
     
  9. Mr.Q

    Mr.Q Well-Known Member

    What goes up must come down right, okay!
     
  10. Collecting Nut

    Collecting Nut Borderline Hoarder

    The premiums are too high.
     
  11. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Well, maybe not 15%...but you get the idea.:D

    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.
     
  12. medoraman

    medoraman Supporter! Supporter

    Those premiums make me feel good about my holding. :)
     
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  13. GoldBug999

    GoldBug999 Active Member

    The premiums go up and down with supply and demand - right now the demand is high, so the premiums have gone up. I can't believe that people are paying a $5.99 premium on silver ASE's - crazy!
     
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  14. slackaction1

    slackaction1 Well-Known Member

    I see these premiums every where and can't figure out what I am waiting on.......... been holding tight for 8 years is this the time?? This is where I get lost, getting out before it tumbles..
     
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  15. Tuco

    Tuco Active Member

    Your 0.9765 Saint was a good call, it's now selling for about $60 more than a 1.0 oz. Buffalo, nice :D

    Bullion.JPG
     
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  16. GoldFinger1969

    GoldFinger1969 Well-Known Member

    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.
     
  17. slackaction1

    slackaction1 Well-Known Member

    Yes,yes and yes... and if I sold some would buy something else..
     
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  18. GoldFinger1969

    GoldFinger1969 Well-Known Member

    I tell you what my best buys were....commemorative Silvers, I paid double or triple the price of silver for some of them and now they are going for 3-4-5 times the price of silver. :D
     
  19. fretboard

    fretboard Defender of Old Coinage!

    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! :D 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! :happy:
     
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  20. GoldFinger1969

    GoldFinger1969 Well-Known Member

    People may sell some bullion or ETFs, but not their numismatics and other coins with aesthetic or numismatic value.
     
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  21. fretboard

    fretboard Defender of Old Coinage!

    True, no attachment to the gold coins, go ahead and sell! :D
     
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