price check: 1oz Gold Lunar Dragon Year 2000

Discussion in 'Gold' started by unfunkable, Aug 11, 2011.

  1. unfunkable

    unfunkable Active Member

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    Hey guys
    Just wondering, if anybody has ever seen one of these for sale, or how much would it go for now? ( realistically)

    cheers
     
    unfunkable, Aug 11, 2011
    #1
  2. goldpelican

    goldpelican Administrator Staff Member

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    Have seen them advertised for up to $4000 in retail stores, I think the going rate was closer to $1000-1200 over spot. Saw a few trade on eBay at $2500 when spot was under $1500 - that's not to say that they haven't changed hands a lot higher though.

    Returns on 1oz silver Dragons from 2000 are multiples over today's spot, compared to 100% or less for gold. Will be interesting to see if the full 300,000 silver dragon mintage compared to the 118,000 mintage in 2000 changes this relative performance (i.e. 2012 gold dragons outperforming 2012 silver dragons over time).
     
    goldpelican, Aug 11, 2011
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  3. hiho

    hiho Active Member Silver Stacker

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    as gold goes higher rare coins will explode
     
    hiho, Aug 11, 2011
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  4. jpanggy

    jpanggy Active Member

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    /hijack

    How about a full set series 1 gold lunar.
     
    jpanggy, Aug 11, 2011
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  5. Diablo21

    Diablo21 Member

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    a few weeks ago I saw them for $1,999 US and with the recent rise at $2,500 but I did see one today on ebay for $2,300 which kind of seemed like a bargain...
     
    Diablo21, Aug 11, 2011
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  6. Dogmatix

    Dogmatix Active Member

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    Why would that happen?

    I think the opposite in fact. Consider the reason gold is going up in price. Is it to hedge against uncertainty or inflation? As a store of value?

    So why then would something of subjective value, like a rare coin, go up in price by multiples of the intrinsic value of the precious metal it contains?

    See personally I would think that in times of uncertainty, people want stability. Numismatics do not offer stability, as they are unique (to a degree) and the value differs depending on the buyers. Bullion offers stability, because it is uniform (not unique) and the value is fairly constant as a gold maple is intrinsically the same as a gold kangaroo.

    My 2c anyway.
     
    Dogmatix, Aug 11, 2011
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  7. Ouch

    Ouch Active Member

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    Why did it drop from 89 to 91 and a lesser extent untill 94? Was it the start of the dotcom boom?
     
    Ouch, Aug 11, 2011
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  8. hiho

    hiho Active Member Silver Stacker

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    because as gold goes exponential every tom dick n harry will be getting in and the realisation coins such as the lunar series 1 were such low mintage will turn into a frenzy to obtain them, also my 2c worth :)
     
    hiho, Aug 11, 2011
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  9. Ouch

    Ouch Active Member

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    But why did it wait until 89 to do so whereas spot popped back in 1980?
     
    Ouch, Aug 11, 2011
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