"That confirms my assertion that gold coins would be one of the most illiquid speculations on the planet."
I could sell more gold than my entire wealth within an hour.
Private buyers would buy over spot.
If I got desperate I could sell to one of half a dozen dealers I know that buy at spot minimum.
If I still had more to sell, I could approach the likes of abc and get 2% below spot.
Skol - everything you have said here is plain wrong.