Gold coins which are not far from spot

[LexLathor]

Why do some coin dealers offer gold coins close to the spot price?

I'm not sure they used to be currency.

However, I assume they're not in good enough condition for numismatics.

Or that gold price is high enough to justify this.

Asking as they could be a compact storage of value.

Your thoughts?

[iggypop]

Hi, had similar thoughts a while back, had a good explanation that simple supply and demand set any premium above spot price. For example There are plenty of Krugerrand in circulation , therefore they often have lower premiums, 

 

[Gildeon]

They could have bought them at lower spot prices and even close to spot now makes them a good profit.

[iggypop]

With so many Krugerrands  in circulation, not as collectible as other more numismatic coins however, I’ve often noticed  on the buy back  from bullion coins that an oz is an oz and you get the same price offer. Therefore I personally I choose the value for stacking where I can, have a slight preference for Brits and Sovs as they have a CGT bonus. 👍 

just my tuppence worth.