My dad ran this idea past me. The US Mint is supposed to be making the very first 24k Gold Coin (.9999 pure). They're only making 300,000 so after that they won't be making anymore. The thing is the asking price is around $875. Do you think it's a good investment and how much do you think one of those would fetch up on ebay after they're sold?
2006-06-20 09:44:12 · 3 answers · asked by David S 1 in Entertainment & Music ➔ Other - Entertainment
It will be a great investment and for the first six months it will sell for triple the price but it will quickly drop to 10% above initial price.
Some people are already selling this coin for $1,200 on eBay.
2006-06-21 17:44:48 · answer #1 · answered by Man 6 · 2⤊ 0⤋
If you look on almost any gold bullion site you can find American Gold Eagle coins (which I believe are also .9999fine) for the spot price of gold. This morning that was $571, so this, in my opinion is not a good price. Call a numismatic store (Coin store) and ask about the potential for the coin as a collectors item, most of the ones hyped on TV or mail inserts are way overpriced.
2006-06-20 16:56:29 · answer #2 · answered by Wiz 7 · 0⤊ 0⤋
gold hit its high point last month at over $725 an ounce, the premium for coins vs bars was about $20. It was $560 just a few days ago, I dont think $875 is a good price
2006-06-20 16:50:17 · answer #3 · answered by johnman142 6 · 0⤊ 0⤋