That could be. The former economics student in me says that the value per five thousand Quints should, in equilibrium, be equal to the same price that I'd get five 1-ounce U.S. Eagle anywhere else.

Eg: As I write, Apmex sells a random-year Eagle for US$1,393.79 plus shipping. In the U.S. shipping is free, So, 5000 Quints should sell at the same price x 5, = $6968.95, minus the shipping cost (in the U.S.) for the Quint redemption. One Quint should be a wee bit less than $1.40 aon.

Of course, Apmex ain't the only venue and the U.S. is not the only country. :) The price of a Quint should be a rough average of the costs to buy and receive 5 Eagles over the gold-buying part of the world.

[I'd better stop before I draw an indifference curve...]