Wednesday, April 06, 2011
Pre-1933 U.S. Gold Coin Premiums at Historic Lows
Press Release - DALLAS, TX – Heritage Auctions has issued a Client Advisory to its bidder-members recommending owners of gold bullion coins take action based on the current low premium prices for pre-1933 U.S. gold coins.
“Hundred-year-old U.S. eagles and double eagles can be bought right now for premiums as low as 8 to 12%, while common U.S. Eagles minted last week wholesale at about 3% over melt,” said Jim Halperin, Co-Founder of Heritage.
“Therefore, we’re strongly encouraging our clients to take advantage of those numbers. For investors with bullion in the form of modern U.S. gold coins, Canadian gold Maple Leafs or South African Krugerrands, this is a great time to trade up to semi-numismatic coins at a fraction of their normal historical premiums.
Then when the premiums inevitably rise again someday, they can trade those coins for significantly more 1-ounce bullion coins than they had previously owned.
In fact, I know investors who have traded in and out of generic gold for years, and have thus added 50-100% to their number of gold ounces owned – without spending an extra dime!”
Based on the most recent . . .
Full story at: Heritage Auction Galleries