Best Of

@jmlanzaf said:

@Overdate said:

@jmlanzaf said:

@Overdate said:
By the time gold reaches $10K per ounce, both of them will be bullion coins.

They will likely both be bullion coins if gold is at $1500

At $1500 gold I think both coins would carry a premium. If initial buyers are willing to pay $2100+ per coin, the secondary market would likely support a price higher than $750 per coin.

You mean like the Spouse $10 gold?

Well, no. Back when gold was more affordable, many of the lower-mintage Spouses did command a premium, although usually a modest one. Superman has a much deeper fan base and crossover appeal. As for the gold Sacagawea, notice that the 2016 gold Merc, SLQ and Walker, along with the 2014 gold Kennedy, all carry significant premiums despite mintages of 70,000 to 125,000. The gold Sacagawea, even at a mintage much higher than 10,000, would certainly do likewise.

@NJCoin said:

@Manorcourtman said:

@HalfDime said:
If the silver medals were a coin, then I could easily justify the 2 1/2 ounce at 25k mintage being a huge winner. I could see many buying those and doing the entire set.

But since they are medals and not coins, that may drop the number of people who will go all in on these.

However, for the price of one gold superman coin, you can have the entire set of 2 1/2 silver medals. I would bet the silver medal set at 2 1/2 ounce would be an easier sell than the one ounce small gold coin.

The gold coin is a half oz., not one oz.

Right. But it's going to be priced as though it is almost an ounce. At $2600-2700, @HalfDime is correct that one will be able to buy 9 2.5 ounce medals for less than the cost of a single half ounce gold coin. Unless the price of gold tanks, by over $1,000 per ounce, and they don't drop the price of the silver medals.

The half oz is reachable by many more people than a full ounce coin no matter what it ends up pricing at. I see a quick sellout on the gold and 2 1/2 silver. Nobody really knows what will happen until it goes on sale. Superman is very popular with many age groups.

I'd like one of these. I don't know if I can afford to throw down that much money with gold so elevated right now, but I think they're cool. It's a great design, and although unmarked, gold should be very obvious to differentiate from "golden dollars." Especially with a W mark right under the date

Also though 30 before scrolling down, nice circ ex.

I'm going to wait until the quantity avaliable goes back to 100,000 and then I'll cancel my order. Then they'll have 100,001 in stock for a coin that has a mintage of 100,000. 😵‍💫

Meh, I don’t find that example to be particularly appealing, and it’s in line with recent APRs. The 2022 comp blows that coin away imo.

https://coins.ha.com/itm/liberty-eagles/1863-10-au50-pcgs/a/1349-3250.s

@WQuarterFreddie said:

@jmlanzaf said:

@fox9487 said:

@HalfDime said:
The US Mint has hurt a lot of people who locked into this coin at the top on Ebay prices. Many assumed there would be no more coins coming into the market so they bought at the top, and now the mint releases the extra 25k coins at HHL of 1, which undercuts all those that bought recently listed preorders. I know many can say that is the chance they took in buying, but the mint should not have done this without telling the coin news websites what was happening to prevent people from being burned like this. The next two releases may be impacted by this. It was obvious the mint had a flaw in the ordering software that allowed multiple orders that broke the HHL of 1, and the preorders should have come back up every morning like they did in past releases. By holding them until one huge dump that created an early scarcity of coins that burned many people.

@jmlanzaf, @RichR, @jwitten

There was no "flaw in the ordering software that allowed multiple orders" to go through.. Try purchasing another with "some" of your same information and the order will not be allowed to go through, period. I will not say which information is key.
Yes, I have multiple orders in and absolutely no worries of cancellation. Ya just have to know how to do it.

Folks like jmlanzaf, jwitten, RichR, and others not coming to mind right now know how to do it.

Others like NJCoin, coiner, and Halfdime have no idea despite their supposed knowledge and theories on the subject.

There was a flaw in the release day as multiple people in this thread managed to place orders as guests using identical information.

So are those orders getting canceled?

They probably were initially. There was a drop of 11k in the 3 days after release. The subsequent coins could have arisen from multiple sources (despite what not NY says). They find the HHL violations by running a script not by hand-checking. So it isn't really clear where the other 25k came from. Some are probably HHL violations, some are probably bad CCs, some are probably cancellations. Who knows?

Bottom line is that they haven't been able to sell 90k coins even with all the flippers.