Gold and silver prices are down

[Varmint]

1/2 ounce American Eagle coins with a small premium over spot. Usually the fractional ounce coins carry a much larger premium.

Lot of 2 - 1/2oz Proof Gold Eagle - Capsules Only (Random Date) | eBay

Nice deal, I don’t own any half or quarter oz for that reason, usually $100 over spot per oz. might bite on that!

 

[Rob Boudrie]

Beware the counterfeits. I expect the chance of getting Au plated W is greater on Ebay from unknown/individual sellers than it is from a place like Apmex, JM, Provident, etc. It may be easier to sell a bunch of PMs to an individual if you have the paperwork showing you got it from a legit brokerage rather than an unknown.

 

[richc]

This seller has over 100k ratings with 99.9% positive. I've bought from them before.

I stick with the top rated sellers.

Beware the counterfeits. I expect the chance of getting Au plated W is greater on Ebay from unknown/individual sellers than it is from a place like Apmex, JM, Provident, etc. It may be easier to sell a bunch of PMs to an individual if you have the paperwork showing you got it from a legit brokerage rather than an unknown.

 

[Varmint]

Beware the counterfeits. I expect the chance of getting Au plated W is greater on Ebay from unknown/individual sellers than it is from a place like Apmex, JM, Provident, etc. It may be easier to sell a bunch of PMs to an individual if you have the paperwork showing you got it from a legit brokerage rather than an unknown.

Think they’re a big legit Massachusetts seller.

Provident is good? They have some good deals but haven’t tried them.

 

[Rob Boudrie]

If a big places starts selling counterfeit eagles, the chances are FAR greater than a little guy being nationally outed

An interesting read: Glitters, but Not Gold: Fake Gold and Silver Coins ‘Flooding’ Market

 

[Varmint]

If a big places starts selling counterfeit eagles, the chances are FAR greater than a little guy being nationally outed

An interesting read: Glitters, but Not Gold: Fake Gold and Silver Coins ‘Flooding’ Market

The more expensive gold gets the better the fakes get. The spike to $1900 in 2011 probably got this ball rolling. It’s probably harder to fake an old coin than a new one too.

As for EBay, if you’re Apmex and you sell a fake on EBay, you’ll get a negative rep which everyone will see, it’d be a disaster, worse than selling from your website.

 

[samandglove1]

If anyone needs any junk silver, I have about $500 in face value that I'm going to move.

 

[Varmint]

My new 2nd Ebay account qualified for today's 8% Ebay Bucks deal, whoohoo!

 

[enbloc]

If anyone needs any junk silver, I have about $500 in face value that I'm going to move.

Preppers Alert! ^ This is what you want for day-to-day commerce if SHTF and the Dollar should fold...

 

[Varmint]

Preppers Alert! ^ This is what you want for day-to-day commerce if SHTF and the Dollar should fold...

They don’t work in Cambridge parking meters though, FYI. Don’t ask me how I know. ;(

 

[enbloc]

Lol. Everyone should have a little Constitutional Coinage on hand...

 

[samandglove1]

If anyone needs any junk silver, I have about $500 in face value that I'm going to move.

All Gone.......

 

[Win]

 

[Varmint]

I think this is a beautiful coin, good price.

SPECIAL PRICE! 2018 1 oz Antigua Rum Runner .9999 Gold Coin in Certi-Lock #A452 | eBay

Good price on these too.

Daily Deal - Lot of 10 - 2019 U.K. 5 Pound Silver Queen's Beast Yale of Beaufort | eBay

 

[richc]

Excellent price on Qty 4 American Eagle 1/4 ounce gold coins in proof condition.

Way below typical cost over spot of fractional ounce coins… under $10/coin.

Lot of 4 - 1/4oz Proof Gold American Eagle - Capsule Only (Random Date) | eBay

 

[Varmint]

Excellent price on Qty 4 American Eagle 1/4 ounce gold coins in proof condition.

Way below typical cost over spot of fractional ounce coins… under $10/coin.

Lot of 4 - 1/4oz Proof Gold American Eagle - Capsule Only (Random Date) | eBay

Nice find. I’m expecting $1250 or $1220 gold soon and I’ll bite if these deals are still around, but they disappear when gold goes that low.

 

[richc]

Exactly. I see these types of low premium sales as expectations of lower gold prices in the near future. But at this low premium over spot there's some built in downside protection.

Nice find. I’m expecting $1250 or $1220 gold soon and I’ll bite if these deals are still around, but they disappear when gold goes that low.

 

[Win]

In my mind it’s a buying opportunity - take that for what it’s worth

 

[Win]

My photos of new purchases

more like vf35 than au50 but I like the look

 

[richc]

Win,

Great coins! Lots of character.

It still blows me away that people carried gold coins around as currency.

It makes total sense to me that coins were made of gold and silver representing some intrinsic value. It makes no sense that today our currency is purely fiat based.

In the sixties my Dad went to Las Vegas on a business trip. He brought me home a handful of silver dollars. I asked where he got them and, well, he got them out of a slot machine. Yup, they used silver dollars in casinos.

Damn times have changed, and not for the better me thinks...

 

[Varmint]

Win,

Great coins! Lots of character.

It still blows me away that people carried gold coins around as currency.

It makes total sense to me that coins were made of gold and silver representing some intrinsic value. It makes no sense that today our currency is purely fiat based.

In the sixties my Dad went to Las Vegas on a business trip. He brought me home a handful of silver dollars. I asked where he got them and, well, he got them out of a slot machine. Yup, they used silver dollars in casinos.

Damn times have changed, and not for the better me thinks...

+1 cool coins - I don't know much about historical coins but I love the idea they were carried around by 19th and 20th century Americans.

precious metal based currencies are the dire enemy of governments, who cannot grow larger if their money is tied to something finite like gold. In return for the loss of PM currency, we have massive government.

 

[Varmint]

I'm sure everyone's tired of PMs going nowhere, although gold has held up well in price.

Sometimes things have to go down before they can go up. In 2010 gold had to sell off before it began its run to $1900. I think we need a final washout before we can start the next bull run in PMs. I want to see gold down at $1225 and silver around $14. They will go lower than that if the Fed can hold off cutting rates to next year. It all depends on the stock market.

 

[richc]

These were $1321 when I posted. Now back up to $1402.

Gotta strike while the iron is hot!

Excellent price on Qty 4 American Eagle 1/4 ounce gold coins in proof condition.

Way below typical cost over spot of fractional ounce coins… under $10/coin.

Lot of 4 - 1/4oz Proof Gold American Eagle - Capsule Only (Random Date) | eBay

 

[Varmint]

These were $1321 when I posted. Now back up to $1402.

Gotta strike while the iron is hot!

yeah, I'm short on cash after buying a lot of gold & silver at great prices over the last few years. So I'll stretch and buy some if they drop further. I got my Ebay bucks eligibility back (opened new account), so I'm looking for those deals too.

 

[samandglove1]

Bought 3 $20 Liberty Double Eagles two days ago from Apmex and used eBucks. They were $1293 each at that time, so $1193 after eBucks discounts. I’m now maxed out for the period.

Thanks Rich, for turning me onto this. Nothing like someone else subsidizing my gold purchases.

 

[Varmint]

Bought 3 $20 Liberty Double Eagles two days ago from Apmex and used eBucks. They were $1293 each at that time, so $1193 after eBucks discounts. I’m now maxed out for the period.

Thanks Rich, for turning me onto this. Nothing like someone else subsidizing my gold purchases.

I saw that exact deal, I've bought one of those before. It's like $60 under spot. Can't beat that.

 

[Win]

I follow some Wall Street traders on twitter. There theory is that Trump is deliberately trying to cause an equity sell off to force the feds hand into QE4 and interest rate cuts. I don’t know but interesting theory.

 

[Varmint]

I follow some Wall Street traders on twitter. There theory is that Trump is deliberately trying to cause an equity sell off to force the feds hand into QE4 and interest rate cuts. I don’t know but interesting theory.

Or else he knows the economy is entering a recession, and if he muddies up the works with trade wars and Fed policy changes, it'll deflect blame. I think Trump is aware of these aspects and feels like he's got more to gain than lose.

 

[Win]

Metals markets up early today

 

[Varmint]

Metals markets up early today

Off we go like a rocket for the $1350 resistance level. I don’t think it’ll break, but it’ll be fun to watch. The gold manipulators might be getting nervous with gold punching through $1320 so easily..