| Author |
 Replies: 28 / Views: 2,008 |
|
Pillar of the Community
United States
1194 Posts |
Gold prices are surpassing the numismatic value of coins, what will this do to collectable gold coins? My gold buying days are now behind me. I only wish I'd taken advantage of the old prices years ago.
|
|
|
|
Pillar of the Community
 United States
4562 Posts |
Won't numismatic gold coins simply rise in value as gold+numismatic?
|
|
Pillar of the Community
 Canada
5155 Posts |
At $3150 plus gold , probably little
is going to bring premiums.
Would have to be a super high grade
Or a very Rare Date.
|
|
Pillar of the Community
Canada
5043 Posts |
I think that we will lose some with a low-medium numismatic premium. The %premium over gold will not remain the same.
|
|
Valued Member
United States
393 Posts |
I don't follow it myself, but seems pretty well agreed reading the boards that as gold prices rise, the numismatic premium decreases, at least for newer and common date stuff.
|
|
Moderator
United States
162781 Posts |
Quote:
Won't numismatic gold coins simply rise in value as gold+numismatic? It depends on collector demand being stronger than bullion demand. How many collectors will exit when prices exceed their budgets? 
|
|
Pillar of the Community
United States
4562 Posts |
Quote:
I don't follow it myself, but seems pretty well agreed reading the boards that as gold prices rise, the numismatic premium decreases, at least for newer and common date stuff. Ok, but realistically, what's the numismatic premium for newer and common date coins anyway? I guess if the numismatic premium were a fixed number, then as a percent it would shrink as the precious metal value rises. I chose to focus on cherrypicking base metal and small silver coins for that reason—the variety value tends to be a large multiple of the base value coin.
|
|
Pillar of the Community
United States
3248 Posts |
MS commons sell at bullion already and they'll be the first to melt. Goodbye to 100,000 1927 Saints and other similarly common gold coins. But this $300,000,000 in gold (3 tons) is a drop in the bucket to India's need for $13 billion dollars worth of physical gold (132 tons) for gold bond redemptions. Central banks are scooping up every ounce they can pry loose.
How high will it go before the banks start defaulting on their gold bonds? They had anticipated an orderly gold market, not realizing that there just isn't enough gold to satisfy redemptions.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
04/03/2025 6:54 pm
|
|
Valued Member
United States
328 Posts |
I'll be holding tight to my beautiful "commons" ... the value will always be there for me.
There will be tons of profit taking, no pun intended
|
|
Pillar of the Community
United States
671 Posts |
I am filling out the holes in my US gold type collection (of the modern, common ones). I now have both the Coronet double eagles (with and without the motto) and both of the St. Gaudens double eagles (with and without the motto). I have both of the Coronet eagles (with and without the motto), the Indian eagle with the motto, but am missing the Indian eagle without it. I hate surrending to FOMO (fear of missing out!), but if this chaos continues, the price of gold may keep going up, so now may be as good a time as any. I too wish I would have gotten these when gold was under $1000 per ounce.
|
|
Pillar of the Community
United States
2014 Posts |
This isn't welcome news. I've never had enough money to purchase any gold coin in any condition. The only gold I own are a few flakes I found in a creek when I took a course in gold-panning. Still, I do hold out hope.
|
|
Pillar of the Community
United States
2113 Posts |
Read this yesterday.... https://www.thestreet.com/markets/r...0at%20%2433. Author Robert Kiyosaki (Rich Dad/Poor Dad) gold & silver prediction for 2035.... Quote:
"I strongly believe, by 2035, that... Gold will be $30k and silver $3,000 a coin," wrote Kiyosaki." He's made numerous predictions that have not come to fruition, but it would be amazing if within 10 years he is correct on these. |
|
Pillar of the Community
 United States
1194 Posts |
I saw this on the internet yesterday.  |
|
Valued Member
United States
393 Posts |
Quote:
"Gold will be $30k and silver $3,000 a coin," Is this a typo, did that mean $300 for silver? Current gold/silver ratio is ~100/1. He thinks it will go to 10/1, without any explanation? As for $30K gold, that's just a prediction of 10X inflation, an ounce of gold will buy the same amount of stuff it always has, all the way back to ancient times.
|
|
Pillar of the Community
United States
2113 Posts |
@TimNH, In the article his catalysts for the precious metal predictions.... unemployment, stagflation, recession, tariffs & ultimately a Greater Depression. I believe he really means $3,000 per ounce of silver. But to achieve this, silver would have to appreciate +50% y/y for the next decade.
|
|
Valued Member
Portugal
474 Posts |
100:1 in half a century. The dollar has beaten the denarius devaluation during the crisis of the third century. Dollar and so many other currencies.
I am losing hope this is a passing thing. Prices are too high now to collect gold coins. Only exchanging some. Still after all the melt value available types of US gold coins, missing some indians.
thecoinguy1964 I know those I sell or exchange now are going to melt. There is a big melting going on because price is too volatile and premiums too low to delay in reselling them. Asked dealers. Coin at melt value, to the foundries it goes.
|
| |
Replies: 28 / Views: 2,008 |
Posted 04/02/2025 6:30 pm
