Loading ...Went to the annual ‘big regional’ coin show in the big town. Fewer dealers than I have seen in the past, but still lots to show. Not many buyers attending. The silver rage appears to be a glut of silver Chinese pandas of various designs. At $30 an ounce I didn’t see a single buyer of these.
The “cheap gold” guy had a pile of XF/AU double eagles for $1265/ea. Best buy I saw was an NGC slabbed 2012 American Buffalo in MS70 for only $1250.
I picked this 2007-W for $1275 because of the unusual coloration. If it wasn’t .9999 gold, I would swear there was some copper in there. The indian cheek has a nice copper-ruddy sheen to it that you can see in the photo. The buffalo also has this nice dark reddish sheen on the central body, with the head and shoulders a nice light yellow gold. Really a spectacular color enhancement on the toning.
Not a whole lot of gold for sale at the show, compared to what I have seen in other years. Plenty numismatics… few buyers. Some silver bars 10 oz. going for $185. Most silver carried about that premium over spot. Even junk silver coins had a bit of a premium… not just spot-melt prices.
Overall my sense is that the physical market is a bit tight with little gold available, premiums on silver are high, and there are damn few buyers of anything.