1 Kilo first world war Gold Proof Coin.......... (this is 1 Kilo remember - currently just under 25'000 GBP spot) 45'000 :lol::lol::lol::lol:
well it is a proof gold coin, mintage of 25. At the other end of the world we have kilo proof gold panda, selling at 42,000 but with mintage of 500. Most of the modern gold proof coins tend to be priced at least 2x spot, with exception for US Mint but their gold proof coins tend to have extremely high mintages.
Numismatics on steroids !! The fact that some people buy these adds licence to the saying "some people have more money than sense" You'd effectively be paying 20'000 over spot for a shiny picture and some bragging rights. Good luck trying to sell it on, lol
Spot is a sale price factor 1. Numismatic is a sale price factor 2. Spot can halve and can double. Numismatic can halve and can double. Factor 5 instead of 2 also possible. Your reference is not 'the' reference. No law declaring as such. Just peoples decisions, and assignment of value. Some people are willing to pay more for an ice cream on a hot day than on a cold day. Some people are not willing to pay a same price for a second ice cream. What you observe as 'sense' may be your own assignment of value. The metal price of an object, may differ from the price of an object. Some people are willing to pay more for a bullet shaped than for a round silver object. A good looking coin, versus an ugly coin. Can say the same about me. I find it totally ridiculous that people pay millions for a painting. To me, it lacks any sense. But, I DO realize that what I think, is 1, and there are 99999999999 other thoughts out there. As of recently, I ordered 3 20 gram 0.925 silver coins, or 55.5 grammes fine silver, price 172,04 That's 3.1 euro per gram silver. That's spot +541% I have a hard time judging this as not stupid. Yet it's what I did. I liked the design. I had to get some. Investment? What I ever will get back for them? I don't know. The liking of the design overruled that element. I do care, but I care less. All there is, is a chance, that in some future, someone may go as far as I went, for the any including the same reason. Comedy from Pirocco.
"each to his own" said the man kissing a Pig. Philosophy, from Stax ;- ) Do you paint Coal White In between bouts of stacking?
That's not philosophy, that's just an example case of that subjectivity I just described. Why and how you came to chosing a Pig, that's another story. I chosed ice creams ;-)
personally I find the premiums for gold numismatic coins are reasonable (in terms of premium in %) as compared to silver. typical gold numis' premium is likely 2x spot but for silver it range from 4x - 10x spot. $40,000 worth of gold numis coins... melt value $20,000 $40,000 worth of silver numis coins... melt value $5,000 not sure what is it about pigs but I do enjoy flipping numis coins when they are in high demand
i cant own a 1oz silver panda with out wanting to drill it and see if its fake or having that in the back of my mind. but if i owned a 1kg gold panda?! i would be sweating the whole time till it was drilled.
I don't understand why people see these in terms of the spot price. They're limited run pieces of numismatic art designed to appeal to a small and select group of people, and the principle applies equally to pretty much anything you buy. Model makers might buy a limited edition Tamiya Spitfire kit for $200. Nobody complains it contains $1 worth of plastic. A limited edition print will be a piece of paper and 50 cents worth of ink. Does it sell for $2? Of course it doesn't. All the design, custom tooling, advertising, etc., has to be recuperated over a relatively tiny number of items. In this case I'd agree it's over by a few grand, but nobody said the Royal Mint was cheap (the latest RCM gold kilo is $69,000 CND, so they're not alone). Besides, we all buy and discuss numismatic silver items here and spot plus rarely gets mentioned. The new Southern SKy Orion coin sells for six times spot iirc and with a 10k mintage. The gold kilo isn't even double spot. All of these items are financial gambles. Some appreciate, some don't and it isn't just coins that logic applies to. In this case it's the first centenary of the start of the first global war and only 25 exist. I reckon anyone buying one of these isn't going to lose their shirt on it.
Yes hence I splitted up metal based price and other elements price. It's as silly as judging a diamond the same way as charcoal, same atoms. Charcoal Staxers then don't understand those that pay a million times as much for a diamond than for a same sized lump charcoal.
