We think you will find our July special one of the most intriguing representations of our tradition of identifying undervalued opportunities in the physical gold market in quite some time - if not ever. We have long watched the $10 Indian market in hopes for just this type of event, but have again and again been disappointed when it didn’t quite come together.
So when we finally saw the proper market conditions develop over the past few weeks, we got aggressive. And despite our efforts to purchase a great deal more, we were able to acquire only a modest 500 coins total in AU/UNC condition (the finest ‘raw’ condition, before coins are placed into cases for grading). We can say, with confidence, that this offer represents nearly every available $10 Indian in the market at this time and at these unparalleled premiums.
So just how undervalued are these coins at this time? Consider this:
1. Historically, $10 Indians have averaged a $50-$100 premium to their more common brethren, the $10 Liberty. Right now, they are priced identically.
2. In February, we identified a rare opportunity in the U.S. $10 Liberty variety, which we highlighted at the time because they were trading at half the cost of a $20 gold piece (a highly unusual occurrence for numerous reasons - and one which resulted in the sale of our entire 400 coin lot in a single day). It would follow, therefore, with the typical premium a $10 Indian carries over a $10 Liberty, it would be an even more extreme market condition if it was coincident with it being half the cost of the more common $20 gold piece. Yet here we are. Through this offer, and depending on the quantity purchased, these $10 Indians are at most $13 more than half the cost of a $20 gold piece - which represents the lowest such differential EVER.
3. And, as if you needed just one more point to drive this home, go no further than the last time gold traded consistently in the $1320’s - exactly two years ago, July of 2014. Back then, a $10 Indian in the same grade would have run a whopping $935/coin. That is a stunning $150 higher per coin ($300/oz) than those offered here, against an identical price of gold!
This is, without a doubt, the best relative opportunity we have ever witnessed for these coins, making this the first ever featured special for the $10 Indian in company history – one we are truly excited to now make available to our clientele.
Further discounts available for quantity purchases of 50 or 100.