Impact of Soaring Gold and Silver Prices on Numismatics
As bullion prices continue to rise, collectors are experiencing shrinking numismatic premiums, with gold and silver coins being traded closer to their melt value than ever before.
With gold and silver prices at record high levels, it is essential to consider the impact on numismatic coins, particularly in the context of government inflation of the money supply.
In September 1976, I purchased a BU $20 St Gaudens Double Eagle and $10 Liberty Eagle at prices that were more than double but less than triple the melt value of their gold content.
The author's personal experience of selling these coins in early 1980, at then record high prices, revealed that they were treated as bulk metal, with their numismatic premium being negligible.
The author notes that they did not have any rare gold or silver numismatic pieces, and therefore, did not have personal experience with how high spot prices affected these types of coins.
Author's summary: Soaring gold and silver prices affect numismatics.
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