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Numismatic VS. Melt value of Gold Coins

PostPosted: Sat May 19, 2012 10:30 pm
by Elcid69
As the price of PM goes down from previous highs, can coins like $20 Saint Gaudens be a better value to buy as compared to other gold coins or bullion?

Re: Numismatic VS. Melt value of Gold Coins

PostPosted: Sat May 19, 2012 11:02 pm
by fb101
I have heard recently that many common ones are trading just a few $ over melt right now.
As far as comparing, depends what you're comparing to.

Re: Numismatic VS. Melt value of Gold Coins

PostPosted: Sat May 19, 2012 11:34 pm
by Engineer
Elcid69 wrote:As the price of PM goes down from previous highs, can coins like $20 Saint Gaudens be a better value to buy as compared to other gold coins or bullion?


I haven't been around coins long enough to be an expert, but it seems to me that people try to unload their numismatic coins during dips to buy more bullion, and numi premiums seem to go up when they think bullion is over priced.

Re: Numismatic VS. Melt value of Gold Coins

PostPosted: Mon May 21, 2012 7:44 am
by Rob72830
Elcid69 wrote:As the price of PM goes down from previous highs, can coins like $20 Saint Gaudens be a better value to buy as compared to other gold coins or bullion?



I don't think so unless you are buying rare coins. Rare coins will hold their value due to their low mintage, condition, and demand. Common dates/mintages/low grade usually trade pretty close to melt. In my opinion, the bullion market does affect the value of all gold and silver coins except for the rare which are going to sell way over melt simply due to high demand and low supply.