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Why are PMs from the US Mint so much more expensive than PMs from foreign countries?
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<p>[QUOTE="Gam3rBlake, post: 7398914, member: 115909"]I doubt they would pay $125 over spot for it. Although they will offer some premium for AGEs & Buffalos compared to spot for everything else.</p><p><br /></p><p>Vermillion Enterprises in Spring Hills, Florida for example pays Spot + $55 for BU American Gold Eagles and Spot + $2 for BU American Silver Eagles.</p><p><br /></p><p>But in the end I think it's smarter to go with things like the Gold Kangaroos. I'd rather save $125 when I buy than get a $55 premium when I sell.</p><p><br /></p><p>Gold is gold. If you melted a 1oz Gold Kangaroo and 1oz Gold Buffalo you would have the exact same amount of gold and that's what people buy them for usually. The gold. Not the design.</p><p><br /></p><p>As for pre-1933 US gold coins you can get like an MS62 $20 St. Gaudens Double Eagle for about $250 over spot. The smaller denominations like $10 Gold Eagles and $5 Half Eagles and such have much higher premiums though. Especially the Indian Head ones.</p><p><br /></p><p>I paid $845 for an MS63 common date 1932 $10 Indian Head Gold Eagle back in 2015 and now they're selling for about $1,200 on the same site.[/QUOTE]</p><p><br /></p>
[QUOTE="Gam3rBlake, post: 7398914, member: 115909"]I doubt they would pay $125 over spot for it. Although they will offer some premium for AGEs & Buffalos compared to spot for everything else. Vermillion Enterprises in Spring Hills, Florida for example pays Spot + $55 for BU American Gold Eagles and Spot + $2 for BU American Silver Eagles. But in the end I think it's smarter to go with things like the Gold Kangaroos. I'd rather save $125 when I buy than get a $55 premium when I sell. Gold is gold. If you melted a 1oz Gold Kangaroo and 1oz Gold Buffalo you would have the exact same amount of gold and that's what people buy them for usually. The gold. Not the design. As for pre-1933 US gold coins you can get like an MS62 $20 St. Gaudens Double Eagle for about $250 over spot. The smaller denominations like $10 Gold Eagles and $5 Half Eagles and such have much higher premiums though. Especially the Indian Head ones. I paid $845 for an MS63 common date 1932 $10 Indian Head Gold Eagle back in 2015 and now they're selling for about $1,200 on the same site.[/QUOTE]
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Why are PMs from the US Mint so much more expensive than PMs from foreign countries?
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