Low premium on 1oz rectangular dragon

[FoolzGold]

Looking over the various 1oz gold offers at GSBe I'm struck by the low premium on the gold rectangular dragon which seems to be around 3%.

This is practically sovereign territory. For a fairly limited mintage unusual coin why is the premium so low? Surely this will have some appeal down the road?

[AlphaBeast]

Thought you mentioned silver, not gold - can't..... delete....damn.....message... 

[FoolzGold]

Thinking about it more I guess this must reflect an extremely low demand from buyers.

If people had been snapping them up from the start the sellers would have edged their premiums higher.

In the end I suppose a coin that looks like a bar puts off quite a few coin buyers/collectors and because it’s not really a bar it also doesn’t appeal to many bar stackers.

[AlphaBeast]

3 hours ago, FoolzGold said:

Thinking about it more I guess this must reflect an extremely low demand from buyers.

If people had been snapping them up from the start the sellers would have edged their premiums higher.

In the end I suppose a coin that looks like a bar puts off quite a few coin buyers/collectors and because it’s not really a bar it also doesn’t appeal to many bar stackers.

Tbf, I think 25,000 is pretty high mintage for a gold coin is it not?

I think it's a beautiful coin, probably one of the best-looking lunars I have seen! The dragon looks 'as it should' - majestic and terrifying! I would probably get one if I had some spare cash lying around - I'd be intrigued to see how the rest of the series look.

[RoughDog]

Maybe spot price is more important to gold buyers than silver buyers due to the cost of gold per ounce.