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Rest in Peace
United States
9104 Posts |
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And how big is one GRAIN gold bar? Don't sneeze. |
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Rest in Peace
United States
9104 Posts |
Property auctions and goodwill auctions almost always bring ridiculous prices. People seem to think if the cops stole confiscated it, it must be valuable.
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Moderator
  United States
14463 Posts |
On those sights (that's where I am getting the $ numbers), gold coins and bars usually go for 3x-10x spot. However, silver coins and bars might go 2x spot.
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Moderator
United States
14463 Posts |
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RARE 2007 1/25 Troy Oz. .999 Pure Gold 25th Anniversary Panda Proof - 15 Yuan - 1999 - Only 18,000 Minted Spot is $69.37 Closed at $517.00 It might be rare, just like the other three listed over the next day.  Quote:
1838 United States Five $5 Half Eagle Gold Coin Spot $433.58 Closed at $1502.00 Looked like it had an old cleaning to me, but still |
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Moderator
United States
14463 Posts |
Quote:
1853 $1 Gold Liberty Spot is $89.21 Closed at $904.99 It might be rare, but that much premium for a raw coin. Edited by Fuzzy317
04/06/2012 9:46 pm
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Moderator
United States
14463 Posts |
wasn't too bad Quote:
GEM BU 2000 $5 Gold Eagle - Contains 3.11 Grams of Gold Spot is $163.20 Closed at $500.00 |
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Rest in Peace
United States
9104 Posts |
Quote:
wasn't too bad Except for the fact that most dealers would sell it for under $200, and under $250 for a proof. |
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Pillar of the Community
United States
1388 Posts |
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Moderator
United States
14463 Posts |
I did not bid on these auctions that closed today, but I was shocked at the prices paid for these bullion bars. They are common bars, with nothing special.  1 Gram Gold Bar: hammer price $203.00 (just under 4 times spot price of $52.09) 1 Gram Gold Bar: hammer price $233.56 (almost 4.5 times spot price of $52.09) 5 Grain Gold Bar: hammer price $175.00 (over 9 times spot price of $18.51) 1 Gram Platinum Bar: hammer price $253.00 (over 5 times spot price of $47.24) |
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Moderator
United States
14463 Posts |
last update for tonight- They are common bars, with nothing special. 5 Grain Gold Bar: hammer price $306.00 (over 16 times spot price of $18.51) 5 Ounce Silver Bar: hammer price $245.00 (over 8 times spot price of $28.82) 5 Grain Gold Bar: hammer price $202.00 (almost 11 times spot price of $18.51) |
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Moderator
United States
14463 Posts |
Tonight's listings: 1 Gram Gold Bar: hammer price $303.00 (just under 6 times spot price of $52.26) 1 Gram Gold Bar: hammer price $280.56 (just over 5 times spot price of $52.26) 5 Grain Gold Bar: hammer price $34.00 (less than 2 times spot price of $18.57) - a bargain compared to the next listing 5 Grain Gold Bar: hammer price $206.00 (just over 11 times spot price of $18.57) seems someone is seeing "gold bar" and just bidding without concern for what they are actually getting in return |
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Pillar of the Community
United States
1454 Posts |
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5 Ounce Silver Bar: hammer price $245.00 (over 8 times spot price of $28.82) 8 times? I don't understand your math. 28.82 x 5 oz. = 144.10 Very high, but not even double spot. I do agree with your premise, though. Prices are crazy high, right now. |
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Moderator
United States
14463 Posts |
you were right, did my calcs on 1 oz not 5 oz, oops  |
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Moderator
United States
14463 Posts |
Tonight's listings:
2012 $5 Gold Eagle: hammer price $687.00 (just over 4 times spot price of $162.83)
1 Gram Gold Bar: hammer price $204.56 (just under 4 times spot price of $52.36)
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Moderator
United States
14463 Posts |
Tonight's crazy listings: these are just basic bullion coins, and the auctions were using stock photos.
1994 $5 Gold Eagle: hammer price $753.00 (just under 5 times spot price of $157.31)
and two of these for the same price each
2010 $5 Gold Eagle: hammer price $397.89 (just over 2.5 times spot price of $157.31)
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Replies: 24 / Views: 5,143 |
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Posted 02/16/2012 03:45 am
