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To: Beelzebubba

Why would there be any premium? In the real world that means nothing.

With coins, there’s a premium for various reasons like a lot of buyers think, if the shtf, people will recognize the quality of that over a random lump of gold.

It doesn’t apply to something like that. It’s just gold. No collectors dumb enough to pay a premium.


9 posted on 06/26/2010 6:18:18 AM PDT by chuck_the_tv_out ( <<< click my name: now featuring Freeper classifieds)
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To: chuck_the_tv_out

Why would there be any premium? In the real world that means nothing.


The manufacturing of something that pure and that well-crafted isn’t cheap, where there is only one made.

But the buyer probably did pay a substantial premium in the form of the auctioneer’s commission.


11 posted on 06/26/2010 6:21:45 AM PDT by Atlas Sneezed (Anything worth doing, is worth doing badly at first.)
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To: chuck_the_tv_out
No collectors dumb enough to pay a premium.

The market is far more limited than it would be for a 1 ounce coin, especially a rare one in high mint state, so there is very little premium over intrinsic value.

27 posted on 06/26/2010 7:52:45 AM PDT by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
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