Buying gold and silver coins is all about experience and timing. Gold bullion coins come in all denominations and generally trade basis the spot price of gold. US Gold Ealges, Maple Leafs, Kruggerands, Pandas, Sovereigns, (to name a few) trade basis spot. What us dealers have to do is buy these coins at a percentage of spot and make small profit on the turn. Here at Samuelson’s, the more volume you have, the higher percentage we are able to pay.
The numismatic coins are the more rare coins and they trade at a premium to the spot price. Numismatic coins are graded in a measure called MS or mint state. An example is the grade MS65 which is an uncirculated coin. (meaning the coin never entered the normal coin market that people carried in their pockets) Rare dates and even mis-stamps can quickly become collector’s items. Those have to be inspected for exact condition or even graded by PCGS, a lab that grades exact condition of the the coin.
So please stop on by with your coins, with gold at an all time high, it’s a GREAT time to have your coins evaluated and sold.