The Recent Drop In Gold

I rarely look at gold this size, and come re-sale time I also think a 1 oz. gold coin with a $260 dollar premium may be tough to move one day, even though I doubt you have any plans to sell it any time soon, if ever if you plan to keep it in the family....

If you absolutely needed the money in an emergency, the quickest way to flip it would be to turn it loose on ebay for like a $1000 to start, and it would draw bids up over 1500 for sure, and get pretty close to that premium, as everyone else that wants one knows that Mendoza line so to speak on that premium, so I would be surprised if it did not hit 1600 at least, in which case you would loose about $160 if it stopped there. Of course, if a time comes when you need to sell, gold could be at 2500 an oz....

I do know that the 1 oz. gold Buffalo at my closest local coin shop has been setting there ever since I discovered the shop. I actually wonder if I am their best customer, as I rarely see items I had looked at no longer available, or ever seen another human there when I was there. Like Mitch posted in another new thread, where the numbers show that we still don't even have one percent of the US money in flux in Pm's, which breaks down to like 1.8 billion....

My point, there are still very few Junior E's and Silver-hawks focusing on stacking gold and silver still yet. So there is no where as many potential customers, yet. I had feared that I had jumped on board to late, but now I realize I am pretty early to arrive....

But in the end, I really doubt you have plans to re-sale, so if you really like it, and can afford it, the $260 bucks is irrelevant....

I agree with this. I feel the same way when paying the $4-5 premium on an ASE. It is a MUCH cheaper coin for sure but the thought is similar. It's a beautiful coin, I WANT it, and all I have to do is give up some crummy paper to get it.