Best Of

Not sure if this helps but it's a start.

https://www.tokencatalog.com/token_record_forms.php?action=DisplayTokenRecord&td_id=694967&inventory_id=870860&attribution_id=724818

If I was a dealer and I had a base and a First Strike for sale, I would sell the First Strike for at least $100 more than the base. Whether other dealers think like that or whether it translates to value when you sell, hard to say. but $18 on a $4-5k coin is a pittance and probably worth doing and you'll probably get it back when you sell.

@davewesen said:
one has sold on eBay already -

https://ebay.com/itm/146264678743?_skw=2024+w%2Fprivy+gold&itmmeta=01JF2QZ850JT5Z1RTRV5083Z6B&hash=item220e0de157:g:ExsAAOSwx2lnWy4~&itmprp=enc%3AAQAJAAAA8HoV3kP08IDx%2BKZ9MfhVJKl%2Buoc87QNMLdavG%2FGE%2Bd2vn1SLeu55emNDw2r6G6xVKEhOnETvzj2tYUw0f7Ar3wVRzsQi5duLP4bWpbagYgEqTwJ7NXpUcjNW%2FrJvCJEoNaX7s7F19BVFYYyCqBV4lvjj2rivOTBzPNodIWrwCPoZaP%2BW3sBfAEoConxGyDYHu7kC1%2FFJfj%2FyM%2BtbpNyVyWbsEqfJSJQWf%2Fp71uQTDLS%2F4GtD2C6rWZdnQWX9q0qSaPtEZC4grKHd1bwRUXULEMGqFcgsz5C5KSUYnSrqQ9ohe9WBudYKcCk69Yk88E1Q7A%3D%3D%7Ctkp%3ABk9SR8yC_df4ZA

Yeah. The only problem with eBay is the infinite ways to manipulate it, if one is inclined to do so.

The sale might be real, or might be nothing more than an illusion designed to stimulate FOMO interest. It also might be at the listed price, or at any other price accepted by the seller.

Like an inkblot, people can and will see whatever they want. I happen to think that eBay is not an ideal venue for a $50K transaction like this. Particularly not hours after the listed item was sold at a well publicized public auction for 30% less. So I'm just not a believer.

David Copperfield can make it look like the Statue of Liberty is disappearing, and I can see it with my own eyes. Doesn't make it real.

@NJCoin said:

@ProofCollection said:

@NJCoin said:
"Probably not sell at a loss" is undoubtedly true today, but not necessarily in the future if one's financial circumstances change, people inherit them, etc. Anything at all is always only worth what someone is willing to pay at a given point in time. Yesterday, these were worth $24-40K. Tomorrow's number is really anyone's guess. Glut or no glut.

The point of my statement was that the class of people who can buy $50k coins typically have other means of raising capital when desperately needed that will keep them from accepting very low ball offers and one occurrence of this scenario does not mean the the other 229 coins have lost any value.

Very true. But people fall into and out of various economic classes all the time. People's priorities change. People pass away. Items get stolen.

And yes, it is absolutely isolated data points that establish value for an entire population of similar items. During the housing crisis, that was the logic used by my town's tax assessor in refusing to use foreclosures and short sales to establish value in property tax appeals.

Each sale was its own isolated special case. At least according to the assessor, who did not want to acknowledge reality and give homeowners tax relief.

It took two years to establish that this was, in fact, the new, lower, real estate market. One "special" sale at a time, since the market was locked and "normal" transactions were not taking place. Every property does not need to be sold to establish its market value.

I don't think that is a great example. These coins are now scattered to the winds with owners in a wide area of affluent economic situations. Aside from a major economic depression or demand destroying event, there is nothing that I can foresee that will broadly impact the market for Privy FH gold coins.

If and when one of these goes down in value, the odds are close to 100% that 227 others will follow. Coin #1 and coin #230 are in their own markets, likely to track the others, but not as closely tied as #114 will be to #152.

Using your logic, these have nowhere to go but up. Forever.

That's not my logic. Sideways is also option which is probably closer to what will happen. In a lot of ways and for a lot of products, the mint issue price seems to establish a pricing floor. That is the only assertion I am making.

History tells us that is very rare in any asset class, let alone modern, artificially rare coins. As @jmlanzaf astutely points out, since this was highly successful for the Mint, it is extremely unlikely that they will be able to control themselves and stop before they saturate the market. Which will not do anything for the long term value of any of them.

While that is a possibility, the opposite could also happen. While this was a success the money from this sale is not significant to the mint. There is no monetary incentive to do these again. The big reward probably comes from the hype and publicity which will probably be the driver of future similar offers. I would hope that the mint is wise enough to realize that to maintain the level of publicity and benefit of such a product offering, they can't just start cranking them out and probably have to space them at least 3 years apart.