Gold below melt

[blindguy]

Sunday night on a auction I bought 2 gold coins, American Arts commemorative series. a one ounce and a half ounce gold coins shipped to my door for $2214  This series of gold coins made in the 1980's gets no respect here in the states and usually sells at auction for below melt.  Jim

[RacerCool]

I'm a simple man. I see "gold below melt", I click.

I haven't heard of these coins but will look into them.

[mr1030]

Yes these have not been popular since their release by the U.S. Mint.  If I remember correctly some of the first issues did not even denote on the medals how much gold was in them.  But the LCS dealers I have in my area are very willing to buy/sell them as they know the pm content.  They can be a very efficient way to buy gold as I have seen even the big bullion dealers put them on sale frequently in the past for less then $10 over spot.

[blindguy]

I buy them graded by NGC so the gold content is on the holder.

[Murph]

I prebid on some ottoman gold coins the other night but someone grabbed them just below spot when the auction was live by outbidding me by one bid.

I did intend to watch the live auction so I could bid again if needed but missed them.