Generally, older Krugerrands are sold back to dealers by retail
holders, and they are generally
notas clean as new ones - possibly even with small
scratches.
Actually if you want a good measure of how hot the gold market
is, look at the spread between Krugerrands and eagles. The closer
they are, the hotter the market. The larger the spread, the less
interest among retailers in buying. It is kind of like the
difference between Junk Silver and Silver Eagles.
Also the new Krugerrands have to come from the mint and have
limited supply, so they generally have a closer premium to
eagles.
Lastly, occasionally a dealer will have a large supply of one
item compared to others and they just want to liquidate inventory
to raise cash for other items.
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Depends on what and where
Gold Coins
Posted by mamaduck on 23rd of Feb 2012 at 03:37 pm
APMEX is selling Krugerrands at $35 over spot. Check it out here
Why is the older Krugerand
Posted by steveo on 23rd of Feb 2012 at 04:10 pm
Why is the older Krugerand at 35 and the newer Krugerand at 75
Krugerrands
Posted by mamaduck on 23rd of Feb 2012 at 04:30 pm
Generally, older Krugerrands are sold back to dealers by retail holders, and they are generally notas clean as new ones - possibly even with small scratches.
Actually if you want a good measure of how hot the gold market is, look at the spread between Krugerrands and eagles. The closer they are, the hotter the market. The larger the spread, the less interest among retailers in buying. It is kind of like the difference between Junk Silver and Silver Eagles.
Also the new Krugerrands have to come from the mint and have limited supply, so they generally have a closer premium to eagles.
Lastly, occasionally a dealer will have a large supply of one item compared to others and they just want to liquidate inventory to raise cash for other items.