steelheadwill
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- Jan 2, 2010
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Old Gold Coins Getting Melted, How Sad...
Hi all,
Just read in a daily update that more common date US golds and commems
are going into the pot.
"In U.S. gold type coins that trend could not be more apparent than the fact that $20 Liberties in MS-63 went below a 14 percent premium to melt at wholesale ask. Major gold coin/scrap dealers are now melting lower grade $5 through $20 U.S. gold coins and many modern commemorative gold pieces because premiums have eroded to zero."
Hi all,
Just read in a daily update that more common date US golds and commems
are going into the pot.
"In U.S. gold type coins that trend could not be more apparent than the fact that $20 Liberties in MS-63 went below a 14 percent premium to melt at wholesale ask. Major gold coin/scrap dealers are now melting lower grade $5 through $20 U.S. gold coins and many modern commemorative gold pieces because premiums have eroded to zero."