Gold coins at or below spot.greenspun.com : LUSENET : TB2K spinoff uncensored : One Thread
To the precious metals investors out there: could you offer your insight as to how/why two (at least) different reputable dealers have been offering krugerrands and fractional European coinage at (and in one instance below) the spot price of gold?
Your input is greatly valued.
-- J (Y2J@home.comm), June 08, 2000
Is this a piece or do you have to buy a large quantity to get the price break?
A while back we got an unexpected payment. We decided to put it all in silver to increase our holdings. We were able to negotiate a better price, below spot, because we purchased a large, for us, quantity.
Hope this helps,
-- Swampthing (firstname.lastname@example.org), June 08, 2000.
It helps to shed some light because dealers are obviously willing to move items below spot as your case demonstrates.
br>In the instances of which I was thinking, however, volume was not a factor. The minimum order on 1 oz krugerrands was three coins, and the minimum on French 20 franc roosters was only ten coins.
My best guess is that they have access to these coins below spot somehow, but that brings up the confusing (to me) question of who is eating the minting cost on these coins. Unless the dealer loaded up when gold was lower, and now wants to lighten inventory quickly by offering the buyer a little incentive by pricing these coins right at spot.
-- J (Y2J@home.comm), June 08, 2000.