Numismatic Gold and Bankers

 

Guest Post From Dan Ameduri of Future Money Trends (condensed)

“When it comes to buying physical gold and silver, it’s all about ounces.

In my opinion, numismatics are like baseball cards or stamp collections: they have their role, but they’re NOT for the purpose of buying gold for insurance or speculation.

That is until now, and it’s only due to a time-sensitive opportunity.

After speaking with Andy Schectman for the past 5 years about the precious metals market, for the first time, he suggested gold numismatics.

Andy is also a “gold by the ounces” guy, but he revealed that for the past 28 years since he’s been in business, $20 gold liberties have traded at a 10 to 20% premium. In fact, in 2010-2011, they traded as high as 60% over spot!

The premium has fallen so much that the costs for numismatic coins are nearly identical to your standard gold American Eagle.

To give you a real-life example, with gold at $1,280 per ounce, an Eagle is about $1,340 and specific numismatic coins are about $1,370!

These are pre-1933 coins. They aren’t making any more of them, and as gold demand rises, the renewed interest for these coins and premiums will increase dramatically.

Consider this: when gold traded for $1,000 per ounce, the Eagle traded for about $1,040 and these numismatic gold coins traded for $1,500+.

Consider buying PCGS or NGC Certified $20 Liberties and $20 Saint Gaudens in certified grades ranging from MS-61s/63s.

To listen to my recent interview with Andy Schectman, of Miles Franklin, click here.”

Daniel Ameduri
President, FutureMoneyTrends.com 

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Call Miles Franklin at 1-800-822-8080 for gold and silver!

 

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From Clint Siegner at Money Metals Exchange: “Bad News Banksters Double Cross Their Customers”

“Crooked bankers are all over the headlines again.

The world’s largest metals hedge fund, Red Kite Management, Ltd., is suing Barclays for rigging copper prices. Federal prosecutors launched an investigation of Wells Fargo bankers working on its foreign exchange desk Friday. And on October 23rd, a jury in New York convicted an HSBC trader of fraud.”

“Few will be shocked if it turns out that Wells Fargo was swindling another customer. Over the past year, the bank admitted employees had created as many as 3.5 million phony accounts and charged related fees. We also know the bank has been overcharging clients for auto insurance and mortgage related products.”

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For more on The Federal Reserve, banking, and the blockchain listen to this video from G. Edward Griffin at: Link.

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Gary Christenson

The Deviant Investor

2 thoughts on “Numismatic Gold and Bankers

  1. Bill Holter has recently also written an article about gold liberty double eagles being offered in the market at a very low premium over spot. I have looked into this and in the end decided not to take advantage of that opportunity. The low premium exists only for coins graded MS61 to MS63, that is, coins which show a significant wear. Worn coins represent coins with a lower gold content than stated (due to wear). In addition, these coins are not as attractive looking as freshly minted gold coins. On ebay, one can buy the gold philharmonic coin in mint state (usually MS69) for less than 2% over spot (including shipping). I think that is a better deal than worn gold liberties. A new car is always better than a worn out Ford model T from 1920 regardless how low the price might be.

    The low premium on numismatic coins is an indication for the falling demand for gold coins in general. The market is over supplied with gold coins while demand is steadily declining, at least here in the US. One reason is the growing popularity of cryptocurrencies so people sell their gold coins in order to buy bitcoins. Gold has not done much during the past 6 years. Stocks and cryptos offer much more hope for investment returns.


    • Robert Happek,

      Coins graded MS61 to MS63 are not coins that show significant wear. In fact they have no wear at all. They are uncirculated. You obviously do not know much about coins.


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