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 Replies: 19 / Views: 1,696 |
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Pillar of the Community
United States
1194 Posts |
I visited the annual Houston Money Show Friday, and saw what appeared to be more gold coins available than usual. In speaking with one of my LCS employees/friend, he said gold was not moving at these high prices. Edited by thecoinguy1964
01/19/2025 12:53 pm
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Bedrock of the Community
 United States
18352 Posts |
Hey, thecoinguy1964 - I was there that day too! There certainly was a lot of gold on display. I did see one $18K transaction but only because I was looking through the dealer's junk box at the time. Other than that I was too busy looking at coins to notice what other people were buying.
Inordinately fascinated by bits of metal with strange markings and figures
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Pillar of the Community
United States
1853 Posts |
US Mint 2024 production of bullion gold eagles and gold buffalos dropped considerably from 2023. If I read right 924K 1 oz gold eagles sold in 2023, in 2024 only 308K. I assume high spot price and inflation/economy have reduced sales from the average collector/stacker.
However, recent auctions of high dollar collectable coins seem to have been strong so collectors with the means are still buying those.
Edited by livingwater
01/19/2025 2:48 pm
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Pillar of the Community
United States
5587 Posts |
Buy gold - feed the family, Decisions, decisions. The high prices have narrowed the field of gold buyers.
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Bedrock of the Community
United States
10922 Posts |
We have a similar screen name the coinguy1964! I owned about 400 ounces of silver last Fall and decided to convert it to gold so I've picked up quite a bit of gold recently. I also sold a couple nice firearms and a 1.0 carat diamond ring from an engagement that fell through.  So I had almost $20k to buy U.S. gold coins (my favorite form of gold). So far I have bought two $25 GAE proofs, a $50 GAE, four $5 Liberty Half Eagles, a $10 Liberty Eagle, two $20 Double Eagles and several 1/10 oz gold Britannias. I buy at very close to melt price maybe paying a 5-10% premium for MS certified pieces. So the $20k is pretty much gone but it's been fun! Most pieces are PCGS certified. I believe gold will run to $5000 over the next 5 years. At least I hope so! Edited by BH1964
01/19/2025 3:41 pm
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Pillar of the Community
United States
7057 Posts |
I purchased gold when it was under $2000, now it's a little expensive but if I can get close to melt I do.  |
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Pillar of the Community
United States
1853 Posts |
hfjacinto, nice gold there! Yeah I think gold premiums have come down some and there are sales to entice buyers. I got a couple ounces from Costco a few months ago.
Edited by livingwater
01/19/2025 6:28 pm
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Pillar of the Community
Canada
5156 Posts |
Looks like most everything is on the
Sell side .
Was at a decent sized coin show this
weekend, most dealers sold very little gold
or Silver bullion.
A bunch of dealers also stated they were
putting the breaks on buying anymore .
Killing cash flow !
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Pillar of the Community
 United States
1194 Posts |
Thanks for the feedback. I left empty handed.
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Pillar of the Community
United States
3248 Posts |
The only interesting gold lately were a couple of French Celtic electrum staters. My local dealer has plenty of junk coins but nothing interesting as collectable. Online there's plenty available but at very high prices.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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Moderator
United States
162803 Posts |
I was not buying gold when it was affordable, I am certainly not buying it now. I am certain the recent pricing has moved many more people into the not buying group.
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Pillar of the Community
United States
1183 Posts |
Heldar, that is a sight of pure beauty! During the last 12 months, I didn't pick up anything large, but I did get four Liberty Head gold dollars, three gold Indians $2.50, a few Liberty Gold Half eagles near melt, and this AU-58 1903 G$1 LA Purchase-Jefferson Commemorative.  |
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Moderator
United States
162803 Posts |
Quote:
...and this AU-58 1903 G$1 LA Purchase-Jefferson Commemorative. Lovely! 
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Valued Member
United States
328 Posts |
Can you imagine a collector with the $200-$300 per oz. memories, looking at gold today ! My first ounce, a maple, was $1100 ... I can't get myself to buy at todays prices.
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Pillar of the Community
Canada
5156 Posts |
First St Gaudens 20 cost me $75
First gold Sovereign cost me $17
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Pillar of the Community
Taiwan
538 Posts |
My gold bullion buying days are over but when I was flying into Thailand in the early 70's I was buying pure gold Baht necklaces when gold was fluctuating around $50 - $70 an ounce. I would always buy a 3 Baht necklace (1.44+troy ounce) on my enlisted mans pay but some of the flight officers were buying 5 & 10 Baht necklaces. The larger necklaces were very impressive to say the least.
Edited by Everest
01/22/2025 06:18 am
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Replies: 19 / Views: 1,696 |
Posted 01/19/2025 2:36 pm
