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 Replies: 7 / Views: 1,867 |
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New Member
United States
30 Posts |
I am looking to purchase a $50.00 Standing Liberty Gold coin one oz. First time buyer, for my graddaughter's 1st. birthday. Why is the price from US mint $1,660.00 and from APMEX & other sites only $1,400.00 ? *** Moved by Staff to a more appropriate forum. *** |
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Pillar of the Community
United States
1027 Posts |
The mint coin is a proof coin, the ones you are looking at elsewhere are bullion coins. As I write this, the mint price for the proof 1oz is $1660 and the APMEX price is $1680. The markup is probably small because APMEX bought them when gold was lower (the mint adjusts prices weekly). On APMEX, go to gold...American Eagles...Gold Eagles (Proof)...1 oz Proof Gold Eagles to see comparable prices. |
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Bedrock of the Community
United States
94367 Posts |
Correct.  to the CCF! Edited by Coinfrog
09/10/2016 4:42 pm
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Bedrock of the Community
United States
11951 Posts |
You do have to decide which American gold eagle you want to buy.
U.S mint proof
or
Gold bullion AGE
For the bullion version, many will buy slabbed versions.
Once you decide which version, then start shopping prices.
Just my suggestion
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Bedrock of the Community
United States
94367 Posts |
Can't argue if you are set on this particular issue.
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Pillar of the Community
 United States
4593 Posts |
Proof coins are minted with specially prepared dies, special handling of the coin blanks and the struck coin. So there -should- be perfect detail and no marks.
Bullion coins are struck for their metal content. The dies don't get the special prep and the handling of blanks and coins is less careful, often using automated machinery. There's no expectation of perfection.
So, are you buying this for her as a coin (go proof) or precious metal (to be sold and used for something important say on her 16th birthday?) (go bullion)
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Pillar of the Community
United States
883 Posts |
You are looking at buying an American Eagle that has "Lady Liberty" on the obverse (front) - not to be confused with the Standing Liberty 1/4 oz. Please make sure (as it appears you are since you did state 1 OZ) that you are getting the right product. The other difference is the packaging and the "W" mintmark that appears on the proof (just below and to the right of the "6" on the date).
You are making a great decision either way and I hope your Granddaughter eventually holds it dear. The packaging tends to give it more attention alone and it may be treated with more respect and be less likely to be let go.
I treat my first special coin gift set as if it is worth far more than what it is. I was not as lucky as your special girl as gold bullion was not legal to own when I was young unless you had a special license.
Go with the proof in my opinion and make sure that the special nature of it is known.
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Valued Member
United States
81 Posts |
If she was born after 1986, you can get her birth year, but I would just get the bullion version. The proofs don't sell for that much more when you do go to sell.
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Replies: 7 / Views: 1,867 |
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Posted 09/10/2016 4:41 pm
