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 Replies: 26 / Views: 2,766 |
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Pillar of the Community
 United States
5862 Posts |
This is definitely a long-term purchase. I am not a flipper.
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Pillar of the Community
United States
648 Posts |
5 ozs in one sweep? Dang, Barry I like your PM-style  Gorgeous acquisition. Keep the PM show-n-tells coming.   |
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Pillar of the Community
United States
5854 Posts |
Nice haul! I remember talking to Gainsville coins up at the Nashua, NH show about two months ago and they said they were paying spot+$10 for pamp or credit suisse 1oz gold bars. I didn't ask them about AGE's but I would guess they are paying something similar. 90% of spot just seems a bit low to me.
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Pillar of the Community
1283 Posts |
Man barry, I'll give you more then 90% of spot no matter what or when it is. At the monthly Swap Meet which is this weekend I have a guy that will $40 over for as many gold eagles as you can carry, and the great part is they pay cash. I wish I would have known you were in the market I have a half dozen gold eagles I am probably gonna sell off for some more silver weight. Oh well next time shoot me an email if you want a good deal.
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Pillar of the Community
United States
4008 Posts |
Exceptionally well done, Barry! Your pics are awesome as well. I have seen a lot of pics of Krugs and it is interesting that some look like gold and some look like copper. Not sure if this is in the photographing process or if some of the Krugs actually look more like copper than gold. Anyway, yours look outstanding.  Just out of curiosity, though, how did you get your wife to go along with this?  |
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Pillar of the Community
United States
5862 Posts |
Krugs are something like 10% copper (they actually weigh 1.2 ounces so there is one ounce of pure gold).
As for how I convinced my wife, the usual way. You know -- begging, pleading, whining, puppy dog eyes, etc.
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Pillar of the Community
United States
3184 Posts |
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Pillar of the Community
Canada
598 Posts |
Krugerrands and American Gold Eagles are 22 kt. Krugerrands are alloyed with copper only... Eagles with silver and copper.
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Pillar of the Community
Canada
1731 Posts |
Very nice  |
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Bedrock of the Community
Australia
21788 Posts |
Nice, but I prefer the artistry of a $20 St Gaudens Double Eagle.
I guess the artistry is the reason for the high premium above melt; they are common enough.
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Pillar of the Community
United States
5862 Posts |
Yeah, that's why I bought one St. Gaudens for my 7070 album. This was strictly a bullion purchase, though.
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Pillar of the Community
1283 Posts |
Why do you mention your wife in every post? We get it you have to answer to her (JK)
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Pillar of the Community
United States
5862 Posts |
Actually, if you pay close attention, I mention my wife in every other post...
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Pillar of the Community
United States
4008 Posts |
Quote:
As for how I convinced my wife, the usual way. You know -- begging, pleading, whining, puppy dog eyes, etc. LOL! Well done! I hereby award you with the Husband Medal of Achievement with oak leaves, stars, and crossed swords.  |
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Rest in Peace
United States
9104 Posts |
Quote:
I'm wondering whether the low premium has something to do with Apartheid in South Africa and perhaps these simply aren't a desirable as other bullion coins these days, but I figured gold is gold... Very simple. Before trying to conquer the world gold bullion coin market, the US made it illegal to import Krands, which caused an immediate drop in prices. The excuse was apartheid, which made no sense at all. You could import all the 400 ounce bars you wanted, so it wasn't going to affect apartheid in any way. Then, the US made the AGE, to the exact specs of the Krands, but unlike ANY US gold specs ever. |
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Replies: 26 / Views: 2,766 |
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First Page
Posted 05/18/2012 4:59 pm
