October 1, 2010
How come gold is listed at 900 dollars, but 1 oz coins sell for higher?
Hey,
I am thinking about buying some gold coins, Krugerrand or American Buffalo. I am looking at prices on ebay, and they are all selling for around 1050. I'm assuming these are all real, because the sellers have such good feedback scores. Would love to hear from anyone with any experience in these matters.
Thanks,
Filed under Krugerrand Gold Coins by on Oct 1st, 2010. 
Comments on How come gold is listed at 900 dollars, but 1 oz coins sell for higher?
There are valid reasons for buying gold, but it is smarter to buy stock in a gold mine. Trust me I have been there. Gold could be 325 within 3 months of being 1000.
Gold is easier to steal. If you own a gold mine the price of the gold in the ground goes up at the same speed as the gold above ground.
If the coins are slabbed and certified by NGC or PCGS, you are guaranteed a genuine coin and an accurate grading. If the coin is sealed in US Mint mylar, you are assured of a genuine coin. The others will carry a slight risk, but you are correct in your assessment of the eBay rating system. The premium prices are for the sellers to make a profit and the costs of slabbing and supply & demand.