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2005 $20 Gold Eagles, PCGS MS69

Started by cpm9ball,

16 posts in this topic

cpm9ball

cpm9ball

Posted
Posted

I received an e-mail from a bullion dealer I have dealt with in the past, and they are offering these coins at $35 over spot. I'm not a gold collector, but is this a fair price?

 

Chris

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HaydenTubbs

HaydenTubbs

Posted
Posted
They are certified by PCGS – wouldn’t their guarantee protect you?

 

Hays

 

I can state without a shadow of a doubt that PCGS has never certified any 2005 $20 gold eagles.

 

 

Hayden

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Brotherman

Brotherman

Posted
Posted
They are certified by PCGS – wouldn’t their guarantee protect you?

 

Hays

 

I can state without a shadow of a doubt that PCGS has never certified any 2005 $20 gold eagles.

 

 

Hayden

 

Wow. <a href="lookhttp://www.apmex.com/shop/buy/gold_american_eagles.asp#290" target="_blank">look http://www.apmex.com/shop/buy/gold_american_eagles.asp#290</a>

 

Hays

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HaydenTubbs

HaydenTubbs

Posted
Posted
They are certified by PCGS – wouldn’t their guarantee protect you?

 

Hays

 

I can state without a shadow of a doubt that PCGS has never certified any 2005 $20 gold eagles.

 

 

Hayden

 

Wow. <a href="lookhttp://www.apmex.com/shop/buy/gold_american_eagles.asp#290" target="_blank">look http://www.apmex.com/shop/buy/gold_american_eagles.asp#290</a>

 

Hays

 

Yes,now do you agree with me? wink.gif

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Brotherman

Brotherman

Posted
Posted
They are certified by PCGS – wouldn’t their guarantee protect you?

 

Hays

 

I can state without a shadow of a doubt that PCGS has never certified any 2005 $20 gold eagles.

 

 

Hayden

 

Wow. <a href="lookhttp://www.apmex.com/shop/buy/gold_american_eagles.asp#290" target="_blank">look http://www.apmex.com/shop/buy/gold_american_eagles.asp#290</a>

 

Hays

 

Yes,now do you agree with me? wink.gif

 

I’ll bow to your greater knowledge any day.

I dealt with apmex before and never had any problems.

I’m stunned.

 

Hays

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HaydenTubbs

HaydenTubbs

Posted
Posted

Sorry Hays,I was just messing with you.Truth be told,they are $25 gold eagles not $20 tongue.gif

 

That looks like a pretty good deal to me at $35 over spot for the 1/2 ouncers. I've seen them elsewhere for $45-60 over spot,however that could be because they were fixed listings and gold just dropped after they were listed. So I'd say that's about the going rate and you couldn't got wrong...

 

 

Hayden

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Brotherman

Brotherman

Posted
Posted
Sorry Hays,I was just messing with you.Truth be told,they are $25 gold eagles not $20 tongue.gif

 

That looks like a pretty good deal to me at $35 over spot for the 1/2 ouncers. I've seen them elsewhere for $45-60 over spot,however that could be because they were fixed listings and gold just dropped after they were listed. So I'd say that's about the going rate and you couldn't got wrong...

 

 

Hayden

 

27_laughing.gif27_laughing.gif27_laughing.gif

Oh man, you had me going! I found other places on the web selling them too! I was getting sick insane.gif

 

Hays

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HaydenTubbs

HaydenTubbs

Posted
Posted

27_laughing.gif

 

Sorry guys,sometimes I just can't resist. insane.gif

 

Here are the completed eBay auctions for this date,so you could compare the ending price with the bullion value on that day: completed listings

 

 

The only current offerings are from two different sellers who are both asking $399 per coin.

 

Hayden

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cpm9ball

cpm9ball

Posted
  • Author
Posted
No it's not Chris,they're counterfeit.

 

 

 

Hayden

 

Sorry, Hayden, it's my mistake. I didn't read the e-mail carefully enough. APMEX didn't state that they were $20 Eagles, they made a reference that the design was influenced by the St. Gaudens $20. My faux pas! But, they are selling the 1 0z. Eagles for $35 over spot.

 

Chris

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James_OldeTowne

James_OldeTowne

Posted
Posted

$35 over spot on a gold coin of that size is a reasonable premium, especially as that includes the cost of certification. However, the real question would be whether you really want to buy gold right now. This MAY be at or near the top of the market

 

... or it may not be. I don't know, but am only mentioning this as something for you to consider before you purchase.

 

James

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HaydenTubbs

HaydenTubbs

Posted
Posted

 

Sorry, Hayden, it's my mistake. I didn't read the e-mail carefully enough. APMEX didn't state that they were $20 Eagles, they made a reference that the design was influenced by the St. Gaudens $20. My faux pas! But, they are selling the 1 0z. Eagles for $35 over spot.

 

Chris

 

 

Heh,I thought you had meant to say $25 but had accidently hit $20 in...

 

 

 

Hayden

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