$5 Gold Modern Commemoratives -

[jgrinz]

Are the content of these 1/10 of an ounce Just trying to tally what I have LEFT in gold

 

 

[EZ_E]

They're closer to a quarter of an ounce, just a tiny bit under if I remember correctly.

[BillJones]

They are the same weight and fineness as the classical old time half eagles. According to Red Book they contain 0.24187 of an ounce of pure gold.

[RareSov]

Nice, I am looking to buy a bunch of these soon

[World Colonial]

The one time I bought an issue, I paid and then sold theM for LESS than melt. It was the 1987 Constitution in PCGS 68 and 69.

[BillJones]

Yes a lot of dealers offer less than melt for the most common issues of these modern commemorative $5 gold pieces. And as long as sellers are willing to take that price, they will get away with it.

 

What I can't understand is why this is happening now. I was talking to a local Tampa, FL area dealer yesterday. He is paying $20 to $30 over melt for K-rands and selling them for $60 to $70 over spot. Time was a couple years ago I could only get $5 under melt from dealers who would buy them at all. (This thing about not buying seemed totally silly. Haven't the racial policies been fixed in South Africa?) At any rate if dealers are willing to pay over melt for K-rands, they certainly should be paying at least melt for these modern commemoratives.