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<p>[QUOTE="jaceravone, post: 442284, member: 9474"]Dman.... we went over this..... you have to be crazy to collect these! <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /> </p><p> </p><p>It is very frustrating to see the price of gold come down and the sales price of these coins stay the same or go up. I have no explanation for it, other than if the mint sells these for any less, they would be taking a loss on the gold that was purchased for the mintage of these coins. Does that make sense? Even if the next FS coin which comes out in a few weeks drops back down in the $400 range, the prices on the previous FS coins will stay the same. But reaslistically, I would not be surprized if the prices stay the same, and this is why I think that. </p><p> </p><p>I think the mint seeing the success of the first 3 fs coins had purchased a whole bunch of gold for production of these coins and they bought it at a high price. At that point in time, the price was justified and was based on market value. But as this price rose, the number of interested collectors dropped. Now the mint isn't selling the number of coins it has projected but that doesn't change the fact that they have a whole supply of gold purchased for this reason..... therefore, the price of coins cannot change or the mint will sell at a loss to their initial investment. Does this make sense.... cause it is late and I am freakin tired. </p><p> </p><p>In the end, you just have to buy because you like the coins and don't worry about how much gold is in the coin. It took me the better part of a year or more to get this concept out of my head that the price of a coin must reflect the amount of precious metal in it. The price of the coin is going to be exactly what the mint says it is going to be..... no matter what magical formula they decide to use to determine that. I have long ago realized that just because the bullion price of gold drops, it doesn't mean that the mints prices will drop. I have stopped expecting that..... and I will tell you that once I did..... I was freed!!![/QUOTE]</p><p><br /></p>
[QUOTE="jaceravone, post: 442284, member: 9474"]Dman.... we went over this..... you have to be crazy to collect these! ;) It is very frustrating to see the price of gold come down and the sales price of these coins stay the same or go up. I have no explanation for it, other than if the mint sells these for any less, they would be taking a loss on the gold that was purchased for the mintage of these coins. Does that make sense? Even if the next FS coin which comes out in a few weeks drops back down in the $400 range, the prices on the previous FS coins will stay the same. But reaslistically, I would not be surprized if the prices stay the same, and this is why I think that. I think the mint seeing the success of the first 3 fs coins had purchased a whole bunch of gold for production of these coins and they bought it at a high price. At that point in time, the price was justified and was based on market value. But as this price rose, the number of interested collectors dropped. Now the mint isn't selling the number of coins it has projected but that doesn't change the fact that they have a whole supply of gold purchased for this reason..... therefore, the price of coins cannot change or the mint will sell at a loss to their initial investment. Does this make sense.... cause it is late and I am freakin tired. In the end, you just have to buy because you like the coins and don't worry about how much gold is in the coin. It took me the better part of a year or more to get this concept out of my head that the price of a coin must reflect the amount of precious metal in it. The price of the coin is going to be exactly what the mint says it is going to be..... no matter what magical formula they decide to use to determine that. I have long ago realized that just because the bullion price of gold drops, it doesn't mean that the mints prices will drop. I have stopped expecting that..... and I will tell you that once I did..... I was freed!!![/QUOTE]
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