Gold Coin Prices - Page 2 - Coin Community Forum

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Author	Replies: 18 / Views: 2,840	Page: of 2

TSmith3510 Valued Member United States 455 Posts	Posted 12/07/2006 08:39 am I think maybe I've connected the dots. While a collector can buy classic gold coins at costs just above melt, there is no guaranteed market or fixed bid to sell the same. Depending on coin market conditions these pieces can become a somewhat illiquid "investment." As Ageka points out, there are many gold coins currently trading below their melt value. A holder of these gold coins is subject to the whims of the market and how much another collector or coin dealer is willing to bid for the coins, despite their bullion value. On the other hand, a holder of modern bullion coins has a liquid investment that a registered bullion dealer will always buy for spot prices (minus a premium or commission). Yes? Report this Post to the Staff
dsking Pillar of the Community United States 2365 Posts	Posted 12/07/2006 09:42 am quote: Originally posted by TSmith3510 I think maybe I've connected the dots. While a collector can buy classic gold coins at costs just above melt, there is no guaranteed market or fixed bid to sell the same. Depending on coin market conditions these pieces can become a somewhat illiquid "investment." As Ageka points out, there are many gold coins currently trading below their melt value. A holder of these gold coins is subject to the whims of the market and how much another collector or coin dealer is willing to bid for the coins, despite their bullion value. On the other hand, a holder of modern bullion coins has a liquid investment that a registered bullion dealer will always buy for spot prices (minus a premium or commission). Yes? Report this Post to the Staff
ageka Pillar of the Community Belgium 2078 Posts	Posted 12/07/2006 1:44 pm quote: Originally posted by TSmith3510 I think maybe I've connected the dots. While a collector can buy classic gold coins at costs just above melt, there is no guaranteed market or fixed bid to sell the same. Depending on coin market conditions these pieces can become a somewhat illiquid "investment." As Ageka points out, there are many gold coins currently trading below their melt value. A holder of these gold coins is subject to the whims of the market and how much another collector or coin dealer is willing to bid for the coins, despite their bullion value. On the other hand, a holder of modern bullion coins has a liquid investment that a registered bullion dealer will always buy for spot prices (minus a premium or commission). Yes? You are absollutely right Belgium is somewhat unique in the sense that money exchangers also buy and sell goldcoins as a sidekick So I can sell any coin for melt minus 1.5% unless they claim it is damaged and then I get melt minus 5% But any premium over melt whatosoever depends on the market and if you are lucky enough to have to bidders or not In the early 70's I bought all my Napoleons Sovereings Belgians etc at a 30% premium at a money exchanger ( The themselves paid like 3 % less like 27% over melt ) This premium disappeared somewhere around 1980 never ever to return again Report this Post to the Staff
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