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Nick / FA
The price of gold is near the all time high but investors are abandoning American Gold eagles. Why is this, and why are the premiums that dealers pay for AGEs now dropping below spot to the same prices for less desirable gold coins like foreign gold and even generic bars? While the gold price is up, many coin dealers are saying that retail investors are selling much more gold they buy. The premiums are crashing because the refineries are offering less to the coin dealers. It is getting so bad that one coin dealer says they are American Gold Eagles to the refiners to melt. Is now a good time to buy American Gold Eagles since you can get the 1 oz coins for about 2% over the spot price of gold compared to the usual 7% over spot price?
11:32
Gold Rises While No One Wants American Gold Eagles Anymore
Jun 17, 2025The price of gold is near the all time high but investors are abandoning American Gold eagles. Why is this, and why are the premiums that dealers pay for AGEs now dropping below spot to the same prices for less desirable gold coins like foreign gold and even generic bars? While the gold price is up, many coin dealers are saying that retail investors are selling much more gold they buy. The premiums are crashing because the refineries are offering less to the coin dealers. It is getting so bad that one coin dealer says they are American Gold Eagles to the refiners to melt. Is now a good time to buy American Gold Eagles since you can get the 1 oz coins for about 2% over the spot price of gold compared to the usual 7% over spot price?
11:32