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<p>[QUOTE="GDJMSP, post: 400168, member: 112"]You have to get the idea of only buying from auction sites like ebat out of your head. You are right, you are not going to get these coins from sites like - at least not very often. Why ? Well, like I said before - because people are paying stupid money for these coins on those sites. </p><p><br /></p><p>And it's not because they think the price of gold is going up. Who in their right mind is going to pay 3 times the current price of gold because they think the price of gold is going up ? You can go buy gold for spot plus 10% all day long.</p><p><br /></p><p>These people buy these coins at these outrageous premiums because they think the coins have a numismatic premium - one because they are Russian and two because of the grade. But these coins DO NOT have a numismatic premium. As I said, they are as common as dirt in almost any grade.</p><p><br /></p><p>If you want to buy these coins, you go to a coin dealer. Dealers will sell these coins for slightly over melt as fast as they can get them. Why ? Because they know that anyone in their right mind, anyone who actually knows anything about world gold, will not pay more than that.</p><p><br /></p><p>The people paying these prices are just like those on ebay buying the fake coins for outrageous prices. There is no difference between them. They are literally giving their money away because they don't have the sense not to do so.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 400168, member: 112"]You have to get the idea of only buying from auction sites like ebat out of your head. You are right, you are not going to get these coins from sites like - at least not very often. Why ? Well, like I said before - because people are paying stupid money for these coins on those sites. And it's not because they think the price of gold is going up. Who in their right mind is going to pay 3 times the current price of gold because they think the price of gold is going up ? You can go buy gold for spot plus 10% all day long. These people buy these coins at these outrageous premiums because they think the coins have a numismatic premium - one because they are Russian and two because of the grade. But these coins DO NOT have a numismatic premium. As I said, they are as common as dirt in almost any grade. If you want to buy these coins, you go to a coin dealer. Dealers will sell these coins for slightly over melt as fast as they can get them. Why ? Because they know that anyone in their right mind, anyone who actually knows anything about world gold, will not pay more than that. The people paying these prices are just like those on ebay buying the fake coins for outrageous prices. There is no difference between them. They are literally giving their money away because they don't have the sense not to do so.[/QUOTE]
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