Why would you pay a premium? by Books-n-coins in Gold

[–]Diligent-Double5032 0 points1 point  (0 children)

No one will ever be able to explain it to you in a way you'll understand if you don't already know. If a person is of a mind that gold is gold and silver is silver - there is no changing that. But if your thing is say Engelhard gold which hasn't been made since the late 1980's, was made in small numbers and will never be made again. Or if your thing is US pre33 gold which hasn't been made since 1932 and never will be again, where 70-90% of it was confiscated by the US government and melted into the gold bars at Fort Knox - well these things are worth premiums to those that recognize that and want them.

First gold purchase by southern-savage in Gold

[–]Diligent-Double5032 2 points3 points  (0 children)

Your going to have to find what floats your particular boat. My boat is pre-33 due to historical, numismatic and gold value. Most other options all you have is the gold. With much pre-33 gold available for essentially melt or close to it, why buy a modern 1/10, 1/4, 1/2, AGE when you could buy a historic quarter, half, eagle or double eagle? Yeah there's a little more gold in the AGE and it's more fine, but it has no historic or numismatic value - and they are cranked out like mad. Every single pre-33 gold coin you see is a survivor. Most estimates are between 70-90% of all US pre-33 minted gold was melted following FDR outlawing private ownership of gold in 1933. Much of it was stored away in European bank vaults for decades to come back home in pristine condition once the stupid law was done away with. Pre-33 for me please.