For the guys with some numismatic experience ...
I'm debating whether to acquire some First Spouse 1/2 oz gold coin today from the US Mint. Today, they began selling Julia Grant gold coinage. I prefer the proof, never owned one before. But at $929 for the half-ouncer, that's roughly $170 over spot (per oz). I don't mind paying premium for the 5-oz America The Beautiful silver coinage, but the First Spouse gold? It's a tough call, especially when American Gold Eagles are available much cheaper. There's a side of me that is practical and has remained sealed to lower bullion prices. But a small part of me is digging the numismatic flavor of coins. Tough call. In addition, a new ATB is out next Wednesday, and on Thursday, new American Silver Eagle proofs go on sale. (I've been also buying junk silver, and silver and gold at lower prices.)
"US Mint's prices are locked and will not adjust to the spot."
They will not adjust TO spot but they do adjust the price of gold and platinum (not silver) coins depending on what the spot price is.
US Mint upped the price of the First Spouse proof 1/2 oz proof from $929 to $954 ... then again up to $979 recently.
$979 for a half-oz gold coin. I can't dig it.
If you are going to buy, you should buy today as you can expect an increase in the Mint prices by at least $50 tomorrow based upon the current spot price for the last week..
What is this First Spouse nonsense? Are you going to have a second wive's club issue? If you are going down this route think of the ramifications of finding a coin capable of fitting Michelle's............. Oh never mind!
I bought an NGC slabbed Abby Adams about a month ago and I paid under spot net on eBay for it. I buy numi's if I can find them for the same price as those out of tubes. So far, I've found quite a few...so i'd say look around before paying out your ass on the premium.
Will do Doc! I'm not paying that premium. Can't do it. But I'll shop like you advised.
I ordered a 1 oz gold eagle for $1787 right before this big run up.The mint keeps pushing back the shipping date on my order. Has anyone else had this problem? What are the chances of me getting my coin?