Good deal or bad deal?
 

I'm a little uneasy here but happy at the same time and wanted to get some experts (you guys) opinion.

Today I traded a 3 1/10oz GAE's for a 1/4oz Isle of Man Angel (Proof) from 1987 + $50.

I was under the impression that the Angels are only 22K (.9167). But this says "FINE GOLD 1/4 OUNCE" which should mean 24K (.999) right?\

Would you have made this deal or no?

Any input is much appreciated :36_3_12:

Re: Good deal or bad deal?
 

You traded basically even up on spot price. .3 oz x 1000 = 300. .25 oz x 1000 + 50 = 300. I don't know what the premiums are on Isle of Man Angels, but 1/10 oz GAEs are high. Still, you couldn't have gone too far wrong trading at spot.

When it says "Fine gold 1/4 ounce" it is telling you how much gold there is in hte coin if you refined it out. There are other metals in the alloy, but they don't really matter. All anyone cares about is fine gold content.

Re: Good deal or bad deal?
 

Isle of Man fractional gold coins usually have a very high premium over spot gold. It is usually a higher premium than a fractional GAE based on the prices that I have seen in the past.

EDIT: Here is some information to possibly give you some idea about premiums on Isle of Man gold coins but they are priced in pounds and you will have to convert it into $'s.

http://www.taxfreegold.co.uk/wesellmanxangels.html

Re: Good deal or bad deal?
 

You made out like a bandit. The Isle of Man angels sell for pretty much whatever you ask. Even the silver Cats go for nearly twice spot.

Re: Good deal or bad deal?
 

So I should hold on to this??

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I wondered.......... :wink: