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Gold/Silver Coin Sales

April 3, 2011

I was speaking with a coin broker (brick and mortar) this weekend, and he gave some interesting thoughts on the market. He said that the premium for rare gold and silver coins vs bullion has come in quite a bit over the last few months. Apparently ~6+ months ago there was a large marketing campaign pushing rare coins (Gaudens, Liberties, etc) for IRA’s and this pushed up the premium.  He said that the market was pretty “tight” but I didn’t get the feeling that volume was blistering. They were paying “wholesale” prices which were about ~20% discount to eBay.

It certainly seems like the best way to go with gold and silver purchases is to get bullion from US, Canada or another major mint. I suspect the rare coin premium will continue to come in or account for a smaller value of the coin. I am also looking more into 1/4 and 1/2 ounce coins as I think their value will excel vs 1 ounce coins because of their lower cost (more obtainable to more people).

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