That isn't always the case.
The coin above ain't less than mint state either, that eye candy comes from probably the best gold dealer around Doug Winter.
We ain't talking that drool quality gold Doug sells, more common gold.
It is dirt cheap, well gold cheap anyway. Not much premium over metal at all.
Article from one of my favorite free magazines Numismatic News Express on the topic just today.
Numismatic News on Now the Time to Buy Gold
Couldn't agree more.The most active market on the bourse floor for dealers turned out to be collectible gold coins. The premium over melt value has just about vanished.These are the very same coins that in the panic buying of 2008 were bringing premiums of 30, 40 and 50 percent over gold melt value.The premium would not have disappeared had collectors or investors been avidly buying the pieces in recent weeks.If you want collectible U.S. gold, now is the time to buy and take advantage of the absence of the usual crowd.
Right now your only downside is the metal price.
Fakes could be a downside too. Gotta watch for fakes.
Always weigh your coin and check the measurements.
Even that doesn't make it real.
Learn the coin and learn the fakes.
If you want to minimize the risk of fakes, buy slabbed coins. You can get MS61 - 63 coins for just a shade over melt. You get below MS and you are at melt even with the slab cost for the most part.
