what are premiums on 1oz kangaroo?

[97guns]

i picked a few up this morning at $20 over spot, just wondering if they command any premium

 

[Golden ChipMunk]

Nope. Just bullion.

 

[97guns]

ok, paid too much then, sticking to 100 corona and 50 peso at $10 over melt

 

[Golden ChipMunk]

Kangaroo follow spot price, I suggest stick with Lunars, where appreciated

 

[goldpelican]

Well that's under the wholesale premiums, so I would say you did well.

But they are and forever will be just bullion coins - there's no discernable collector market for 1oz gold kangaroos - even proofs trade on a bullion basis.

 

[Viper2097]

Well that's under the wholesale premiums, so I would say you did well.

Sorry if this is already common knowledge but i'm new so can you please tell me where you find out wholesale premiums? It would help me so much to know this...

 

[spannermonkey]

Well that's under the wholesale premiums, so I would say you did well.

Sorry if this is already common knowledge but i'm new so can you please tell me where you find out wholesale premiums? It would help me so much to know this...

:lol:
Trade only

 

[trew]

even proofs trade on a bullion basis.

larger coins yes but try finding 1/10 and 1/20 proof roos for bullion prices

 

[Taz03]

But they are and forever will be just bullion coins - there's no discernable collector market for 1oz gold kangaroos.

What about the 1 oz 25th anniversary tribute bullion and or proof coins? Do you think that they will have the potential to gain some premium?

 

[97guns]

picked up 2 maple leafs for $1121 a pop today, hows that for negative premiums

 

[97guns]

ok, paid too much then, sticking to 100 corona and 50 peso at $10 over melt

i like low premium gold

 

[Nordmann]

Those 50 pesos looks fantastic!
As you advised me in my first (and only) thread in here, I want to buy one of those as my next addition. As they are probably slightly harder to sell at some point, I really cannot justify it if they are not close to perfect.

You haven't bought yours from Apmex at any chance? They sell the BU/AU ones fairly close to spot, but there is some uncertainty regarding condition then. If you have gotten "lucky" on 6/6 I like my chances a bit more...

 

[97guns]

Those 50 pesos looks fantastic!
As you advised me in my first (and only) thread in here, I want to buy one of those as my next addition. As they are probably slightly harder to sell at some point, I really cannot justify it if they are not close to perfect.

You haven't bought yours from Apmex at any chance? They sell the BU/AU ones fairly close to spot, but there is some uncertainty regarding condition then. If you have gotten "lucky" on 6/6 I like my chances a bit more...

i usually buy my gold from silvertowne, their premiums on 100 corona and 50 peso are $10-$12 over melt with free shipping, if i buy from apmex i make sure its a bulk buy to get the better pricing