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 Replies: 10 / Views: 1,350 |
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Pillar of the Community
United States
1119 Posts |
Not sure if this should be posted here or in the classic coin forum.
I need some gold issues for my type set and was wondering how much I can expect the spot price of gold to have an effect on Mint State gold quarter and half Eagles?
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Moderator
 United States
188213 Posts |
I moved this to the US Classic forum. Hopefully you will get more opinions.  |
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Pillar of the Community
United States
1601 Posts |
I've wondered this myself, so I'll re-ask the question in hopes of keeping the thread alive a little longer.
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Pillar of the Community
United States
1499 Posts |
The Gray Sheet now prices American Eagles and other gold coins by taking the melt value and adding a premium. The March 11 sheet lists the premiums as follows:
1 ounce $36
1/2 ounce $21
1/4 ounce $16
1/10 oucne $11
If those numbers are valid, you can expect to pay a dealer a little more. Dealers do have to eat and support their families. If you buy in bulk, you should get some price breaks, but buying in bulk means spending a few thousand dollars at least.
Edited by billjones
03/15/2016 2:50 pm
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Pillar of the Community
United States
1601 Posts |
That's newly minted Eagles, though. I think the OP and I are wondering about older half and quarter eagles that have intrinsic numismatic value on top of spot price (and bullion premium). How does spot fluctuation affect selling price of the "antiques".
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Rest in Peace
United States
17900 Posts |
Both the Quarter and Half eagle, for common dates, hold a relatively small premium in XF to AU grade. Once you hit MS 63, you are at least double the gold value, even for the most common dates. To make a fair comparison check the spot prices above to Left, under the heading GENERAL. It will list today's value for bullion value only for those gold types. Then check closed sales on ebay, Heritage, or Great Collections (my personal three price checks) and you will be able to see the prices average for each type for common dates in each grade. That will give you a very specific answer. For a general answer, Mint State gold is not going to be near bullion value unless it has a real problem. |
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Pillar of the Community
 United States
1119 Posts |
Thanks Moxking. I'm not expecting to pay anywhere near bullion value. I guess my question could be phrased better as does the price of gold at any given time have an effect on a 1907 gold quarter eagle in MS 63 or better? For example I know they are going for about $400 now with gold value near $150. What I am really wondering is that if I wait and the gold value drops to $100 can I expect the coin price to remain near $400 or drop to around $350? On the other hand if the gold value climbs to $200 can I expect the price of the coin to rise to $450? Are the prices of common date pre 1933 quarter eagles in MS grade tied directly to the price of gold or is the numismatic value the determining factor?
Edited by Steele
03/15/2016 8:03 pm
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Bedrock of the Community
United States
10982 Posts |
Quarter-eagles are barely touched by movements in gold spot unless it's a huge move (i.e. ~$300 or more) and are more effected by the coin market itself. Half eagles are almost directly tied to gold spot. This assumes generic dates for your type set. Quote:
Are the prices of common date pre 1933 quarter eagles in MS grade tied directly to the price of gold or is the numismatic value the determining factor? It's far more numismatic value with quarter-eagles. They carry fairly large premiums to melt unless damaged. Waiting for the melt value of a G$2.5 to drop to means spot is around $800 and that's going to be quite a wait. Edited by BH1964
03/15/2016 8:18 pm
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Pillar of the Community
United States
1119 Posts |
exactly what I wanted to know. thanks BH!
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Pillar of the Community
United States
1119 Posts |
Thinking about it now a $50 drop in the gold value of a 2.50 would mean a $400 drop in gold price and yep that would be a long wait. I am more worried about a $400 gain killing me when its time for the double Eagle I should have bought in December
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Bedrock of the Community
United States
17884 Posts |
As a general rule the prices of the common pre-1933 gold will rise just a quickly as gold prices rise, but when gold prces fall there will be a delay in the falling of the coin prices and they will fall more slowly than the bullion prices fall.
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Replies: 10 / Views: 1,350 |
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Posted 03/15/2016 2:34 pm
