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 Replies: 16 / Views: 3,741 |
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Pillar of the Community
United States
1721 Posts |
I came across a smokin' good deal on some 1 gram mini ingots. I was searching ebay just to get an idea of what they could bring. I saw these auctions on ebay selling 1/3 gram bars from Texas and they were selling as high as 46 dollars. Over 130 dollars per gram. What are these people thinking? That's over 4000 dollars per ounce. For that price, I'd sell every piece of gold I own and start all over. I'd be a fool not to. http://www.ebay.com/itm/GOLD-1-3-GR...em337d9d8862Edited by mds308
11/16/2012 06:56 am
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Bedrock of the Community
13014 Posts |
The one thing that I seem to notice is that the smaller the amount of gold the more of a premium people will pay since the total figure is still low. I may have to try picking up a few gram bars and selling them on there myself
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Pillar of the Community
United States
1200 Posts |
On a more modest level, I saw J-M 1oz Ag bars selling for $35 to $40+ on ebay today, at the same time you could buy them from Goldmart for barely over $34. Lotsa fools drowning in the 'bay...... and lotsa hustlers making $ by buying stuff @ retail and reselling it on ebay for RetailPlusSome... |
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Bedrock of the Community
Australia
21788 Posts |
1 gram gold bars should be selling for less than $70 each. That is still around 30% premium.
Gold makes much more sense in ounce lots, if you want to invest in the stuff.
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Pillar of the Community
United States
3184 Posts |
smaller the item, the bigger the premium
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Valued Member
United States
456 Posts |
It seems some people want to own gold as cheap as possible. . . even if that means paying the equivalent of over $4,000/oz. I was in a coin shop a while ago, and someone working there says they can't keep 1 gram bars in the store. They keep raising the prices, but as soon as they put them out, they are bought. I'm surprised we haven't seen more government issued coins in the extremely small sizes to take advantage. The only thing that comes to mind is the 0.5 gram kangaroo. I think they sell for around $50.
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Pillar of the Community
Australia
7096 Posts |
Quote:
It seems some people want to own gold as cheap as possible. . . even if that means paying the equivalent of over $4,000/oz. I was in a coin shop a while ago, and someone working there says they can't keep 1 gram bars in the store. They keep raising the prices, but as soon as they put them out, they are bought. I'm surprised we haven't seen more government issued coins in the extremely small sizes to take advantage. The only thing that comes to mind is the 0.5 gram kangaroo. I think they sell for around $50.
Does that come with a free Lupe so you can see the little bugger  |
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Valued Member
United States
151 Posts |
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Does that come with a free Lupe so you can see the little bugger Hey! I love my mini roos!   |
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Pillar of the Community
United States
808 Posts |
Wow. Those are small. In all seriousness, though...
[EDIT]That comment not directed at you, auptpdag1995! It was just the timing of my post.
We all buy what we can afford, right? For some, an ounce of gold is never going to be within reach. Personally, though, if I could come up with $50 for a 1/2 gram, I'd wait and save up $200 for a 1/10 t oz AGE, Krug, or CGM. But that's just me. Small gold like this isn't for stacking, it's for peace of mind. It's about having a little something rather than nothing at all. I'm never going to fault someone for wanting that.
Edited by coinwatch
11/16/2012 11:59 am
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Pillar of the Community
 United States
1721 Posts |
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Does that come with a free Loupe so you can see the little bugger Good one. It also come with a Tootsie Pop. This way they can keep the suckers together. |
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Pillar of the Community
United States
1721 Posts |
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Small gold like this isn't for stacking, it's for peace of mind. It's about having a little something rather than nothing at all. I'm never going to fault someone for wanting that.
coinwatch, I'm not faulting them for their wants. I'm faulting them for their failure to shop around. They could buy (2) 1-gram bars for what they'd pay for (3) 1/3-gram bars. If you still had a little gas would you stop at the station with gas at 5 dollars per gallon or go to the one up the street where gas was 3.75 ? I will never fault someone with money to burn and a willingness to burn it. That's their business. It becomes my business to seek them out and sell them some overpriced scraps too. If I tried to sell stuff in my shop with that high of a mark-up, I'd be laughed out of the industry. |
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Valued Member
United States
456 Posts |
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Hey! I love my mini roos! I actually think these are pretty neat as a collectible. I just wish they were a little cheaper. They look like they have a large diameter (relative to their weight). They must be REALLY thin? |
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Valued Member
United States
151 Posts |
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I actually think these are pretty neat as a collectible. I just wish they were a little cheaper. They look like they have a large diameter (relative to their weight). They must be REALLY thin?   |
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Valued Member
United States
456 Posts |
Yep, pretty thin. 0.7 mm according to APMEX. Thanks for the pic auptpdag1995. |
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Pillar of the Community
United States
1200 Posts |
I was looking at a 1/20 oz platinum Panda a while ago. It was like a delicate, tiny little flake. I didn't buy it because it was so small I was afraid I'd lose it or mistakenly let it fall on the floor and then vacuum it up during my next housekeeping foray.
But a half or a third of a gram? Wow! That's truly small. If I didn't tape that one to the inside of an ammo box wall, for sure I'd lose it in a heartbeat.
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New Member
4 Posts |
*** Edited by Staff - Please review the rules that you agreed to when you registered. ***
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Replies: 16 / Views: 3,741 |
Posted 11/15/2012 10:03 pm
