GoldFinger1969

Only one candidate in 1932 was running on that stealth campaign. I don't think Hoover would have done it if re-elected. The exemption was $100 (5 gold double eagles), plus numismatic and artistic exemptions plus gold dealers/collectors also were exempted. RWB probably goes into this in-depth in one of his books, maybe the Saints Book.

32 years ago, yes. Nothing on the filming.

Yup.

Keep in mind that you pay up for the convenience of being able to buy with a few keystrokes, as opposed to driving around town or out of state or attending a far-away coin show. You save expenses and time, which in some/many cases can be well worth it. Now, a $400 premium on a $2,000 coin is a bit excessive....sounds like a generic common, which I agree the TOTAL cost should be just over $2,000....not $2,000 plus another $400. Sometimes these auctions have the total price, including the bp (buyers premium), at or just above the common retail price. Other times, it's way over. Depends on the coin and availability and how many are interested in it. I don't see too many low-MS graded Saints on GC or HA because sellers don't want to sell at a price that when you add in the BP the total cost to the buyer is about what coins like that should trade for....they might lose $$$ on it.....you see more Saints (and other coins) which are high-grades where the markup can be more easily digested for a hard-to-get coin or a really nice premiuum coin where the seller is more price-insensitive if he/she likes that particular coin.

Not bad, I still prefer the actual NGC or PCGS. The 2009 UHR's graded by NGC had a nice bearded side portrait of ASG on the label.

I think -- I have to check my records -- that when I say $30 over spot, Eagle, I mean actual cost and NOT adjusting for the 3% less gold. So in theory that might add another 3% to the cost. Again, from my perspective, since I value the (lower) grade and the holder, I'm OK with paying a total of $75 or so over spot. If you look at the prices quoted in BARRON'S each week, some raw gold coins trade for a 5% premium to gold and others are flattish. So IMO, a 5% premium isn't unreasonable especially if it's pre-1933 gold.....graded....and in a holder. Anyway, that's me....everyone has their own likes and dislikes and buying limits.

Borrowed from a classic line from "Get Smart" that I haven't seen in decades but never forgot !

Hey...Hey.....don't give away the storyline. Some of us haven't seen the movie....still.

I got as far as "First and foremost...."

QA's writing style and off-beat observations sometimes may confuse some as "trolling" but he contributes worthwhole information, informative posts, and good insight. And then there's the Roosters...... That guy with the penny was just out of Bellevue......rude, nasty, couldn't even listen to reason.

You may need to go to a LCS or coin show. I bought an MS-63 1915-S which trades like buillion for maybe $30 over spot. Remember, buying in a holder with a grade -- even a low one -- will add $20-$30 to the cost. Worth it, IMO.

Buying gold was more expensive than buying gold coins ?

Newmont Mining getting blasted as the cost of gold mining continues to rise. Cash and total costs are on the rise, and after a decade-plus of shareholder destruction on gold-plated (no pun intended) large CAPX projects that did nothing for their share prices, expect investors to balk and more going forward. Bullish for gold and price support long-term. https://news.yahoo.com/newmont-reports-earnings-miss-amid-134335505.html

When the crytpo bulls like Michael Saylor of MSTR need to base their support on Ugandan gold, that just makes me MORE bearish on crypto and BitCoin, regardless of what gold may or may not do: https://cointelegraph.com/news/uganda-s-gold-discovery-what-it-could-mean-for-crypto

No......you want to see ACTUAL SALES because it is unlikely to have outliers unless it is a very scarce or rare coin. For instance, with 1924 Saints in MS-65 going for about $2,400.....you're not gonna see 1 auction only for $3,000 or even $2,800. The chart will have an ending point or trend that reflects the most recent sales prices which MAY be multiple, liquid sales of the coin (good) or only 1 or 2 sales (bad).

"Parliament early this year enacted a new mining law that, once signed by the president, will pave way for the creation of a state mining company. The company will compulsorily acquire a 15% stake in every mining operation and investors will be required to sign a production-sharing agreement with the government. Previously investors were given mining production licenses on a first-come, first-served basis." So the government will get 15% for free PLUS the upside via the PSA. The foreign investors get the downside, plus some photo-ops. One gold mining trade publication went so far as to suggest the Ugandan government may have been confusing metric tons with ounces in its projections: The World Gold Council was asked for comment about the Uganda discovery and the plausibility of its numbers. The Council doesn’t typically comment on media reports of gold discoveries, but added: “In the absence of formal ore reserve/resource declarations, we would not expect these ‘discoveries’ to contribute materially to mine supply in the foreseeable future.”

Uganda isn't the U.S. or even Argentina. NOBODY has extensive business operations there. Do they even have ROADS leading to the area ? Who's gonna drive the equipment to and from the pits ? Do they need an environmental study ? Will the World Bank or IMF be involved ? Will private property rights be respected ? Is this a Production Sharing Agreement or a straight royalty deal that work differently if gold trades for $1,200 an ounce vs. $2,400 an ounce? What are the CAPX costs ? What are the cash costs ? It will be 15 years before any substantial gold comes out, I'd wager.

Is Idi Amin in charge of this mine ?

Well, since you are on a thread created to discuss Saint Double Eagles, and since you do have some of the coins, might I suggest getting the magnus opus and reading it ?

Fleeced would apply to the thousands of dollars my father spent on tin-plated coins commemorating the president, WW II, Korea, etc. Probably spent close to $3,000 buying coins which might have $100 worth of metal on them. I'm letting the company sweat the money he/we owes them so they don't try any telemarketing again with my father or our family.

Sounds like Bre-X all over again. Even if the ore is legitimate, it'll be 15-20 years before an ounce ever comes out.

Restrict supply, price eventually rises. If you said no more gold would ever be mined after this month, the price would double in a week.

Libel and slander and defamation involve 3 tests: 1....the person must be a PRIVATE figure (otherwise a much higher standard ensues for a public individual, i.e., Donald Trump, Joe Biden, your local elected officials)......2.....the statement must be MATERIALLY FALSE and the individual saying it must know it was such........and 3.....the statement must cause lasting harm to the individual. I don't know if any of those 3 are met, and we are NOT dealing with an individual, but an entity: the U.S. Mint. Can you defame or slander the Mint ?

Doesn't the Royal Mint themselves release photos of the place in their annual reports and other marketing materials ? What are they afraid of with some non-closeup photos ?

Marginal cost of production CERTAINLY matters, as do lots of other variables: state of other asset classes, inflation, economic turmoil, Central Bank sales, etc. If the ESG folks get their way and the cost of production for gold rises to $2,500/oz., I can assure you that will impact the price of gold (over time). Even oil, far more liquid and traded than gold, tends to approximate the marginal cost of production over time. But it takes time to get there as we saw in 2014-15 and 2019-20. And again today. Most people believe inflation is coming down sharply -- the embedded expectations in instruments like TIPS shows that going out 5 years. If inflation were persistent or about to accelerate, PMs would likely be much higher.