Gold & Silver Forum - Gold Numismatics

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Gold Numismatics

Something really strange is going on. Is there a fellow coin collector here who knows why PCGS keeps posting higher prices on Gold coins yet the Gold bullion is dropping ?!?!

http://www.pcgs.com/prices/frame.cht...gaudens_twenty

Checkout all those green arrows.

*Also, to note - at the past coin show most dealers were barely offering me and amount over spot always using excuses relating to the market being down.

What gives ?

Re: Gold Numismatics

Quote:

Originally Posted by The Argent Dragon

Something really strange is going on. Is there a fellow coin collector here who knows why PCGS keeps posting higher prices on Gold coins yet the Gold bullion is dropping ?!?!

*Also, to note - at the past coin show most dealers were barely offering me and amount over spot always using excuses relating to the market being down.

What gives ?

They need something to be able to dupe people into believing that "rare, graded gold coins" perform much better than the bullion spot metal.

"See, look here at this chart and see how well prices held up while the bullion went down, should I put you down for 20 of those 1903 Indian Heads?"