Gold Newbie, Slabs And First Strikes

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Author	Replies: 9 / Views: 1,294
Drsandman2 Pillar of the Community United States 1374 Posts	Posted 06/18/2011 8:36 pm I just purchased a 2006 MS69 First Strike slabbed NGC $5 bullion coin. To be honest, I had no idea what I was doing, but talked em down to $160. So, I have two questions. What kind of premium is added to slabbed bullion? I assume this is an attempt to add numismatic value to a coin that is typically otherwise traded at about spot? And what kind of premium is added for first strike, and what are first strikes? Thanks! Report this Post to the Staff

mkman123 Pillar of the Community United States 3184 Posts	Posted 06/18/2011 9:19 pm there is a added premium to slabbed bullion. Somewhere like 10-25 bucks is added. About the first strike......its all a gimmick for people to shell out more money. Stick with bullion as close to melt as you can :) Report this Post to the Staff
SilverFossil64 Valued Member United States 183 Posts	Posted 06/18/2011 9:44 pm $160 for 1/10th oz isn't bad considering melt is $154. For "not knowing what you were doing" that worked out just fine. Report this Post to the Staff
Drsandman2 Pillar of the Community United States 1374 Posts	Posted 06/19/2011 11:24 am Fantastic. I only pick up gold if it seems UNC and at melt. I kinda thought the first strike was loopy. Report this Post to the Staff
Rsxtacee Pillar of the Community United States 737 Posts	Posted 06/19/2011 4:18 pm Definitely not a bad price for what melt is. Throw up some pictures if you can! Report this Post to the Staff
Drsandman2 Pillar of the Community United States 1374 Posts	Posted 06/19/2011 11:37 pm Oh, I can! :D Report this Post to the Staff
BuffaloBonehead Valued Member United States 333 Posts	Posted 06/20/2011 12:37 am That is a great buy, IMO. I'm not a slab slave, but other people are. Most people around me sell the 10ths at 170 whether or not they are slabbed. Report this Post to the Staff
BadThad Bedrock of the Community United States 19961 Posts	Posted 06/20/2011 3:11 pm It's actually good to have it slabbed (by someone else) because it guarantees the authenticity of the gold.....assuming the slab is authentic. LOL Lincoln Cent Lover! VERDI-CARE™ INVENTOR https://verdi.care/ Report this Post to the Staff
trespasser New Member United States 31 Posts	Posted 06/27/2011 2:57 pm I really like slabbed gold, if you can get more for the price you paid it is worth it. I dont mind paying 10 or 15 over to ensure its real and kept clean. Report this Post to the Staff
greghansen Valued Member United States 92 Posts	Posted 07/01/2011 9:17 pm You did fine. Slabbed is easier to resell than raw. First Strike means nothing and adds nothing in the 69 grade. May have some premium with 70's. Report this Post to the Staff
	Replies: 9 / Views: 1,294

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