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 Replies: 8 / Views: 2,249 |
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Pillar of the Community
United States
767 Posts |
Coins like this: http://www.ebay.com/itm/121333110496?nav=SEARCHI'm puzzled as to why they sell so very close to melt value. Even gold bullion bars carry a larger premium. At least these have some sort of antiquity and historic value right? |
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Moderator
 Australia
17005 Posts |
High supply (large mintages and no official recall and melt-down as happened in America) plus low collector demand equals minimal numismatic premium.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
United States
1512 Posts |
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Pillar of the Community
United States
1512 Posts |
I actually think it is a very beautiful coin.
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Pillar of the Community
 United States
767 Posts |
I think it is too matttheriley.
As far as the premium, compared to any other gold coin around this size I've ever seen it's outstanding.
5 gram gold bullion bars even sell with a higher premium.
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Pillar of the Community
Canada
5417 Posts |
They along with many other European Coins of the same era (Lower-grade french angels, Swiss 20 Franc) sell for close to spot because they are so easily available, even in mint state. Demand isn't too high either.
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Pillar of the Community
United States
1247 Posts |
In my LCS today, a fellow came in and bought some at just above melt..
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Bedrock of the Community
United States
11951 Posts |
This week we sent three of them, French 20 franc coins, to NTR to be melted.
And that only pays 99% of melt.
IMO most gold buyers do not want them. We can sell all the gold eagles or maple leafs.
But coins like French 20 franc will sit in the display cases for years.
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Pillar of the Community
 United States
5302 Posts |
I think the French 20 Franc gold coin series is one of the best in Europe. Due to the large variety of designs in a short time window (100 years) It provides a great support narrative for the events and turmoil that unfolded in France: dictators, kings, revolutionaries, etc.
The only thing I wonder, are these coins typically weakly struck? The often appear "soft" to me.
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Replies: 8 / Views: 2,249 |
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Posted 07/02/2014 7:52 pm
