closed Gold 1894 Liberty head $20 Double Eagle £1559 posted (this is below spot, spot price would be £1579)

[Nick1368]

Price is £1559 posted uk special delivery .

capsule included.

coin contains 30.10 grams of pure gold .

coin purchased from reputable uk dealer , chards Bullion back in 2020 .

proof of purchase available to potential buyers upon request.

bank transfer and Uk buyers please .

 

Thanks 

 

Nick

Edited October 25, 2023 by Nick1368

[Nick1368]

Reduced to £1599 posted 

Edited October 24, 2023 by Nick1368

[Nick1368]

New price £1579 posted which is spot price .

[Nick1368]

New price £1569 posted 

this is now below spot , spot price for this coin would be £1575 as I type 

Edited October 25, 2023 by Nick1368

[Nick1368]

New price £1559 , spot price would be £1579.

Edited October 25, 2023 by Nick1368

[Nick1368]

Bump 

[Auronum]

21 minutes ago, Nick1368 said:

Bump 

This is a really nice coin at a bargain price. I hope you find a buyer soon!
 

The market is flooded with sellers at the moment. I think consensus is that gold prices will fall again. It explains why supply is so high versus demand at the moment. buyers are not there because they think gold will fall, sellers are dumping stock as they think gold will fall, I do not remember a time when so many quality bullion gold coins were offered below spot like I have over the past week. 
 

We will see what happens if gold prices breakout to new highs, maybe sellers might sit on their stock as they expect to sell at a higher gold price in a strong market whilst buyers compete for what little physical is offered in the market. We have seen that a few times in the past couple of years so it will very likely happen again 

there is that old mantra: be greedy when others are fearful 

[Nick1368]

7 minutes ago, Auronum said:

This is a really nice coin at a bargain price. I hope you find a buyer soon!
 

The market is flooded with sellers at the moment. I think consensus is that gold prices will fall again. It explains why supply is so high versus demand at the moment. buyers are not there because they think gold will fall, sellers are dumping stock as they think gold will fall, I do not remember a time when so many quality bullion gold coins were offered below spot like I have over the past week. 
 

We will see what happens if gold prices breakout to new highs, maybe sellers might sit on their stock as they expect to sell at a higher gold price in a strong market whilst buyers compete for what little physical is offered in the market. We have seen that a few times in the past couple of years so it will very likely happen again 

there is that old mantra: be greedy when others are fearful 

yes completely agree , however I don’t know why I’m wasting my time here because bullion dealers would pay me %1 or %2 below spot for this coin straight away, and right now it’s priced %2 below spot .

I just love these pre 33 American coins so much and I don’t want them to end up with dealers , I want them to be sold here on the forum , I’ll wait a little longer and see what happens but I do need to sell them before Friday .

Edited October 25, 2023 by Nick1368

[Spyder]

Like has been said, the forum is flooded with sales at spot or under. Last week I sold 1oz Panda the premium or all 1oz coins at under spot.  

If you don't need to sale then wait.  You seem to have sold quite a few 1oz gold coins, so you haven't done too bad.

[SlowFrog]

11 minutes ago, Auronum said:

This is a really nice coin at a bargain price. I hope you find a buyer soon!
 

The market is flooded with sellers at the moment. I think consensus is that gold prices will fall again. It explains why supply is so high versus demand at the moment. buyers are not there because they think gold will fall, sellers are dumping stock as they think gold will fall, I do not remember a time when so many quality bullion gold coins were offered below spot like I have over the past week. 
 

We will see what happens if gold prices breakout to new highs, maybe sellers might sit on their stock as they expect to sell at a higher gold price in a strong market whilst buyers compete for what little physical is offered in the market. We have seen that a few times in the past couple of years so it will very likely happen again 

there is that old mantra: be greedy when others are fearful 

Absolutely agree! The coins for sale here are amazing deals given the current price (and I'm tempted) but I'm also anticipating that it'll fall (might be completely wrong!). For me personally, there's too much volatility with it yo-yoing above and below £1600 (mostly below) over the past year. Given that, I'm holding out for another sub £1600 dip as like many, I don't really want to purchase near the all-time high price. That said, these gorgeous older coins deserve a premium IMHO so I really do wish you all the best with the sale. I do think they can only go up in value.

[Nick1368]

Just now, SlowFrog said:

Absolutely agree! The coins for sale here are amazing deals given the current price (and I'm tempted) but I'm also anticipating that it'll fall (might be completely wrong!). For me personally, there's too much volatility with it yo-yoing above and below £1600 (mostly below) over the past year. Given that, I'm holding out for another sub £1600 dip as like many, I don't really want to purchase near the all-time high price. That said, these gorgeous older coins deserve a premium IMHO so I really do wish you all the best with the sale. I do think they can only go up in value.

Thanks you very much 

funny thing is I bought these two coins in April 2020 during the first lockdown , when not only gold was at its all time high but premiums were ridiculously high too ( for any coin , Even a krugerrand) ,  now three years later and I’m sitting on a profit .

 

[Spyder]

If I didn't already have one of these, I would have bought it. I got mine in 2014 for £680 and in March this year got the St Guaden for £1550, so almost the same price as this.  These coins tend to go for 6% above spot so this is an excellent price.

[SilverTalent]

When  Gold is  High  Premiums  are low     When Gold  is  very High   Premiums  disappear  or  got to minus     that's  just the way it is 

[Nick1368]

I’m taking these two American coins to sharps pixley today , they pay %2 below spot , if anyone wants them let me know within the next hour .

[ArgentSmith]

Can someone take this before my hand is forced?

[ArgentSmith]

too late spyder 😆

[Spyder]

I was writing tempted but already bought £6k this month so need to start selling. Glad you got them.

[ArgentSmith]

3 minutes ago, Spyder said:

I was writing tempted but already bought £6k this month so need to start selling. Glad you got them.

Just the double mate 😃

[Nick1368]

Sold , thank you silver forum 

[Coverte]

2 hours ago, Spyder said:

I was writing tempted but already bought £6k this month so need to start selling. Glad you got them.

I know that feeling and rather more from a couple months back; I've not yet warned a tenant his new roof got eclipsed by shiny things in the August dip ... 

[TheSilverForum]

This trade topic has been automatically closed as it is older than 30 days old. If your item is still for sale or your wanted listing is still valid, please submit a new listing.