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Re: So DE, whats with the coin shortage? everyone melting them down?? 

By: Decomposed in 6TH POPE | Recommend this post (2)
Mon, 27 Jul 20 2:00 PM | 27 view(s)
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(This msg. is a reply to 03808 by capt_nemo)

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Nemo:

Re: "So DE, whats with the coin shortage? everyone melting them down??"
Which coins - new or used? I pointed out previously that physical gold is about $300 more per ounce than "spot". American Buffalo coins are not being produced because of the closure of the US mint at West Point - due to coronavirus. Gold Eagle coin distribution has been halted across the entire US Mint network, probably due to depletion of inventory.

Used coins are another story. Gold's price is a runaway freight train and suddenly everyone wants the Pandas, Kangaroos, Maple Leafs and krugerrands. It takes time to import more. Everything domestic has been snapped up. Just like with your boats... sometimes they aren't available at any price.









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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months


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The above is a reply to the following message:
So DE, whats with the coin shortage? everyone melting them down??
By: capt_nemo
in 6TH POPE
Mon, 27 Jul 20 7:46 AM
Msg. 03808 of 60014
So DE, whats with the coin shortage? everyone melting them down??

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