Inflation is not going away. Store some real money.
This week’s (June 6, 2023) Tuesday Night Auction for Cozy Coats for Kids is a 1/4-oz gold coin, a Ukrainian coin, a slabbed coin, a real Indian head penny, a fake silver $50 bill, a huge stamp collection, and some inspection books.
Coin authenticity verified by Nick on Nick’s Sigma machine. .999 pure. Good-looking coin.
I did some research: It’s 90% gold, but it’s STILL A FULL 1/4 OUNCE OF PURE GOLD. They add additional metal to this to make the coin harder. You’re still getting an 1/4 ounce of gold. Here are some fresh PICs and a link to more information about the coin. It’s actually a proof, which is why it sells for so much more than 1/4 ounce of melt gold.
Every coin that has ever been auctioned went to someone who got a screaming deal. Often, they don’t even command the melt price of the metal, which is insane.
If you want to make certain you aren’t over paying for gold, you’re safe in placing a bid that is at least the melt price of the metal. This is 1/4 ounce and spot gold is about $1,950 today. So you won’t go wrong with a bid of $487.