Varmint
NES Member
Ebay has 5% Bucks deal, but with the retail coin shortage I don’t see any good deals.
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Gold and silver prices are down
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not new guy
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Bucks don’t work on anything under the bullion category though, right?
Varmint
NES Member
Yeah you have to find exceptions. Not many left, only ones I know are from APMEX, stuff like St Gaudens qualify.
If I find any deals I post them in here.
This is an example but not a great deal. Days of $1700 1 oz coins may be gone for good.
$20 Saint Gold Double Eagle MS-64 NGC/ PCGS (Random) | eBay
Ancient Coins. Gold Bars 1 oz Gold Bars Fractional Gold Bars. Gold Rounds. Silver Bars 1 oz 10 oz Kilo 100 oz. Silver Rounds. Pre-33 Gold is popular amongst collectors for its beloved designs. Display your certified Gold Eagle in style by adding a beautifulpresentation box to your order.
www.ebay.com
not new guy
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It’s not graded but I’d rather a combibar (in oz not grams no less) and save some money.
10 x 1/10 oz Gold Valcambi CombiBar™ (In Assay) | eBay
Made of exquisite quality, these. 9999 fine Gold bars are produced by Valcambi, which has origins of more than 50 years ago in Switzerland. Obverse: Features a single stamped Valcambi logo along with weight and purity.
www.ebay.com
Varmint
NES Member
It’s not graded but I’d rather a combibar (in oz not grams no less) and save some money.
10 x 1/10 oz Gold Valcambi CombiBar™ (In Assay) | eBay
Made of exquisite quality, these. 9999 fine Gold bars are produced by Valcambi, which has origins of more than 50 years ago in Switzerland. Obverse: Features a single stamped Valcambi logo along with weight and purity.www.ebay.com
Thats pretty cool. I don’t care about grading either except if it’s something old like the St Gaudens.
GM-GUY
NES Member
Gold prices are down today - I grabbed another 2 Eagles
not new guy
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Can't believe they're going for the same price as eagles and cheaper than buffalos. I thought the combibars always pulled a higher premium.
Could someone remind me - do PM sellers keep track of total quantity purchased in a given year for tax reporting purposes? I seem to recall a local shop wanting my name when I purchased an ounce. When I asked why he said something about having to report cumulative transactions in a year over some amount. Maybe something about it being tax free over $1k but also under $X,000?
Varmint
NES Member
I don’t know but right now it’s all about supply shortages, and the US mint is taking itself down this spring so there will be extreme shortages of US mint products.
1903Collector
NES Member
That silver spot price keeps dropping, wish I had some extra cash right about now, not that there is much to buy anyway I guess.
Varmint
NES Member
Still $30 for a silver coin, hard to get excited about that price.
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Gaudens contain .9675 ounces of gold, not 1.0000
There are hordes of common date Gaudens in Eurpoean banks because bask when US gold was redeemable for cash the treasury could cough up a Gauden for a $20 or 1.0 ounces of gold, so foreign banks redeeming cash got coins. It is counter-intuitive but many common date Gaudens in less that conditions like MS69/70 have great intrinsic but little numistmatic value.
As to woke trivia - the large plaque across from the Boston Statehouse (the Robert Gould Shaw Memorial) [might be out for restoration] was done by Gaudens, but is under attack because the white officer is on a horse and the black soldiers are on foot.
Varmint
NES Member
I think he was asking about why the Combi isn’t more than a Buffalo?
The Gaudens you used to be able to get under spot with Ebay Bucks, now ones like I posted are $200 over spot with Bucks, so I don’t consider that a good deal. The shortage has affected everything, and demand probably won’t drop before gold bottoms and starts heading back to $2000+.
smokey-seven
NES Member
2021 Eagles, BU ungraded are still over 35$.
I'm back in the market for 90% US Silver.
Varmint
NES Member
Yeah I assume that’s cause the US mint is going offline shortly. You can get Euro mint coins for around $30.
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Sovereign coins traditionally carry a premium over private mintings and bullion of similar weight. Would you pay more for a brand name round or bar(Apmex, Sunshine, Pamp, etc.) or for an Eagle, Buffalo or Maple? I know my answer.
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not new guy
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Sure, but my point was about the combibars historically having carried a higher premium than the sovereign stuff. Some people valued the divisibility (or maybe the novelty?) over whatever difference in confidence (tax treatment?) they got from a sovereign coin.
Win
NES Member
I pay more for historical gold coins because that’s what I enjoy owning. Some folks may prefer volume of gold because that’s what they enjoy owning. I don’t think there is a right/wrong answer here so long as you know what you are buying and have some strategy behind why you are buying it.
Varmint
NES Member
Right now anything you can buy in the retail market is very expensive due to crazy demand.
However you can buy $100 million in paper gold easily, they'll print as much of that as you like.
That's why spot/futures is $1700 and a gold Eagle is $2000+.
However you can buy $100 million in paper gold easily, they'll print as much of that as you like.
That's why spot/futures is $1700 and a gold Eagle is $2000+.
smokey-seven
NES Member
Last good info I had was that the mint is shutting down first half 2021 eagles in April, gearing up for second half issue.
Loafs.....
gab.com
Scottsdale Mint on Gab: '𝔸𝕃𝔼ℝ𝕋: ℕ𝕆𝕎 𝕆ℕ 𝔼𝔹𝔸𝕐 Buy an ENTIRE BREAD LOAF (1000…'
Scottsdale Mint on Gab: '𝔸𝕃𝔼ℝ𝕋: ℕ𝕆𝕎 𝕆ℕ 𝔼𝔹𝔸𝕐 Buy an ENTIRE BREAD LOAF (1000 OUNCES) of silver. NO BAMBOOZLE AND NOT AN APRIL FOOLS JOKE @NeonRevolt where you at? You asked, we've finally delivered...
Nice looking breadLoafs.....
Scottsdale Mint on Gab: '𝔸𝕃𝔼ℝ𝕋: ℕ𝕆𝕎 𝕆ℕ 𝔼𝔹𝔸𝕐 Buy an ENTIRE BREAD LOAF (1000…'
Scottsdale Mint on Gab: '𝔸𝕃𝔼ℝ𝕋: ℕ𝕆𝕎 𝕆ℕ 𝔼𝔹𝔸𝕐 Buy an ENTIRE BREAD LOAF (1000 OUNCES) of silver. NO BAMBOOZLE AND NOT AN APRIL FOOLS JOKE @NeonRevolt where you at? You asked, we've finally delivered...
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How doe the round trip spread compare to other forms of silver when you include the expense of having the loaf assayed? I'm assuming a sale to a brokerage, not to an NES member.
I was thinking of buying the pallet.
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You can generally get pallets for free if you know where to look.
Touché, I have about 20 of them on my 25 acres. One is currently used a a stream crossing. So utilitarian.
Varmint
NES Member
Varmint
NES Member
India bought a record 160 tons of gold in March, taking advantage of low Comex prices.
This is a visual representation of 110 tons of gold, the smaller pile is 10 tons.
This is a visual representation of 110 tons of gold, the smaller pile is 10 tons.
richc
NES Member
IIRC all the gold ever mined on earth would fit into an 75'x75'x75' cube. That's a small office building.
Most goes to jewelry. Almost 50%. 20% or so is held in private investment. Another 20% in government reserves.
It works out to about 200,000 tonnes. Current estimates are that about 50,000 tonnes are in ground reserves. Unless large new deposits are found there's not much left. And what is left is increasingly difficult and costly to mine.
Most goes to jewelry. Almost 50%. 20% or so is held in private investment. Another 20% in government reserves.
It works out to about 200,000 tonnes. Current estimates are that about 50,000 tonnes are in ground reserves. Unless large new deposits are found there's not much left. And what is left is increasingly difficult and costly to mine.
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xtry51
NES Member
Most gold is in the ocean with our current knowledge. It's just to diffuse to collect.
It's more likely now that precious metals will be mined off the Earth.
It's more likely now that precious metals will be mined off the Earth.
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