The risk / reward ratio on this one was way too high to flip. The 75th anniversary WWII gold is going to be very high risk / high reward. I'd be very wary of scams on that issue (i.e. sent a regular GAE instead, empty box, etc).
The number of posts to this thread certainly jumped in the 6 hours since release. Thankyou for all the thoughts and opinions you've expressed. The education provided is priceless.
I stopped looking at the spot prices for a while. What happened that made Pd surpass Pt? Pt was always sought for catalytic converters. And mining for Pt produced Pd as a by-product so there was always excess Pd.
Collector of Modern Silver Proofs 1950-1964 -- PCGS Registry as Elite Cameo
I'm worried about getting shutout on the upcoming Gold V75 with only 1,945 > @3stars said:
The risk / reward ratio on this one was way too high to flip. The 75th anniversary WWII gold is going to be very high risk / high reward. I'd be very wary of scams on that issue (i.e. sent a regular GAE instead, empty box, etc).
I think the risk is much lower for the V75 WWII Gold coin. With only 1,945 minted, it should go to Unavailable in under 2 minutes. I want one for my collection -- no intention of flipping it.
@badger said:
I stopped looking at the spot prices for a while. What happened that made Pd surpass Pt? Pt was always sought for catalytic converters. And mining for Pt produced Pd as a by-product so there was always excess Pd.
@DotStore said:
I'm worried about getting shutout on the upcoming Gold V75 with only 1,945 > @3stars said:
The risk / reward ratio on this one was way too high to flip. The 75th anniversary WWII gold is going to be very high risk / high reward. I'd be very wary of scams on that issue (i.e. sent a regular GAE instead, empty box, etc).
I think the risk is much lower for the V75 WWII Gold coin. With only 1,945 minted, it should go to Unavailable in under 2 minutes. I want one for my collection -- no intention of flipping it.
not even 2 minutes.
"immediately" in the sense that if anyone that can
1: get a red button
2: fight to the basket
3: get through payment without it going OOS
4: actually get it to process to an order page without it going OOS through multiple submission attempts
will get one.
the sell out will take less than 1 minute as almost everyone will hit the payment part then have it go OOS.
@DotStore said:
I'm worried about getting shutout on the upcoming Gold V75 with only 1,945 > @3stars said:
The risk / reward ratio on this one was way too high to flip. The 75th anniversary WWII gold is going to be very high risk / high reward. I'd be very wary of scams on that issue (i.e. sent a regular GAE instead, empty box, etc).
I think the risk is much lower for the V75 WWII Gold coin. With only 1,945 minted, it should go to Unavailable in under 2 minutes. I want one for my collection -- no intention of flipping it.
The risk is based on cost versus issue price, not availability. When there is probably a 200% gain off the top, the scammers will be out in force. Assuming you win the lottery that day and get one.
the sell out will take less than 1 minute as almost everyone will hit the payment part then have it go OOS.
With only 1945 minted, these will be next to impossible to get. Incredibly high demand will freeze your computer like the Ice Age, you will experience the statement: "SOMETHING WENT WRONG" and refreshing is certain death. Many have described this as winning a lottery. Window of opportunity is less than 30 seconds. Just sayin'.
The odds of obtaining a privy marked AGE is slim, as dealers and collectors already have their networks in place, it's already sold out. When will the offers to buy surface, 2 weeks out? What will be the offers, $5k for a confirmed offer? $10k?
Wow, a bit of an uneventful event. I thought it would become unavailable faster and the Pd thrill would garner more excitement. The excitement so far seems to be over making ninety dollars for a whole bunch of effort, time, trust and potential anxiety.
I couldn’t do it. I just couldn’t convince myself. I tried to get my heart rate up and I was hoping my pulse would quicken, but I just plain flatlined. Even the Peleton didn’t help.
@jclovescoins said:
Cost of shipping, risk of losing it in the mail as Mitch explained...I understand how it works, just don’t think this one was worth it for the outlay
Cost of shipping is $5 or so to ship a big old first class box with this inside it.
The risk of losing it is negligible. I ship 500-600 packages a year, for the past 5 years. Not one has gone missing.
I will play those odds all day. What else would you have done with a 5 figure balance in your savings account?
"It's like God, Family, Country, except Sticker, Plastic, Coin."
Don’t lose one In the mail or you’ll be caught in a long term agonizing process to recover $$ from USPS claims.
I have a claim for a total loss for damage to a collectible for $300 going in for 4 months now. Denied once and appealed; all forms filed and damaged item surrendered to the USPS with a receipt—online sale record and payment processor proof. Apparently still not good enough to pay Out on “purchased insurance” from the USPS.
What a bunch of knuckleheads.
Massive markup kept me away from this one. Missed 2017, flipped 2018 for a small profit, skipped 2019... at this price the only way I would get sucked into the 2020 is if I had all the others and needed to complete the set. I am sitting out on this entire series until I can get one for melt.
Edit: Or less. What do dealers pay for palladium bullion? 20-30% under spot?
The good thing about the limit being lifted is that I would imagine the big buyers can get them cheaper which can hopefully be passed down to me for that rare 69!
Seems to of worked like that with the last issue.
As I had stated earlier in several posts, I do not see this as a good flip. But I do collect them, and this one is headed to our hosts to keep. No desire at all to get another at this high margin price, but I did not want to pay $4,000+ for a 70 either.
It looks good, but some chatter on the inside edge of the rim edges which I think is because palladium is a bit brittle vs say gold. Will that prevent a 70? It is not from hits, it is just the metal edge is not smooth?
Thank you for first 2020 pics!
Resembles my 2017 Pd Eagle.
And yes they typically had hits on the rims, even at 70 grades.
I sent one back to MCM for an exchange.
@Goldminers said:
Will that prevent a 70? It is not from hits, it is just the metal edge is not smooth?
that's a matter of argument between different groups of people, including those that don't believe in 70's
I've seen 70's with worse rim "disturbances." They do not look like contact marks like I've seen on pucks. You know, sometimes features are not fully struck. I've seen fantastic proof AGEs where a couple of lower left stars weren't struck up. these pull 70's. If not being fully struck is a grade degradation, then a lot of coins (peace, buffs, no steps, no bands, not fbl) would be known for 1 less of a grade
the sell out will take less than 1 minute as almost everyone will hit the payment part then have it go OOS.
With only 1945 minted, these will be next to impossible to get. Incredibly high demand will freeze your computer like the Ice Age, you will experience the statement: "SOMETHING WENT WRONG" and refreshing is certain death. Many have described this as winning a lottery. Window of opportunity is less than 30 seconds. Just sayin'.
I am ticipate a great deal of disappointment and frustration with these and I'm sure I will be one of those that is disappointed and frustrated.
I would imagine that bots are going to make it impossible for most people to get.
I can see these at 10000 very easily within minutes of 1st being offered.
I'm guessing pay pal will not be an option for this one either.
I'm just not a long term believer in Palladium. However far in the future it stops being used in autos, I think bullion value drops back to the $3-500 range. Even if that takes 10-20 years, I don't want that bullet.
MAYBE collectible value will hold them up, but you can take that bet, not me.
Technically, these are very pricy devils to grade, as there is a regular price cutoff of $2,500. Since these cost $3,000, they go express for $65, plus $18 for FS. So, after $28 shipping, $10 handling, and initial shipping and ins. $30+, these actually cost a person (not bulk type submitters) around $150 to grade!!
Completely forgot about this release, stupid me, guess I'll have to deal with the secondary market. I have to get one, seeing that I have the 3 previous.
Comments
The risk / reward ratio on this one was way too high to flip. The 75th anniversary WWII gold is going to be very high risk / high reward. I'd be very wary of scams on that issue (i.e. sent a regular GAE instead, empty box, etc).
The number of posts to this thread certainly jumped in the 6 hours since release. Thankyou for all the thoughts and opinions you've expressed. The education provided is priceless.
I stopped looking at the spot prices for a while. What happened that made Pd surpass Pt? Pt was always sought for catalytic converters. And mining for Pt produced Pd as a by-product so there was always excess Pd.
Link to 1950 - 1964 Proof Registry Set
1938 - 1964 Proof Jeffersons w/ Varieties
I'm worried about getting shutout on the upcoming Gold V75 with only 1,945 > @3stars said:
I think the risk is much lower for the V75 WWII Gold coin. With only 1,945 minted, it should go to Unavailable in under 2 minutes. I want one for my collection -- no intention of flipping it.
cars are now using Pd
not even 2 minutes.
"immediately" in the sense that if anyone that can
1: get a red button
2: fight to the basket
3: get through payment without it going OOS
4: actually get it to process to an order page without it going OOS through multiple submission attempts
will get one.
the sell out will take less than 1 minute as almost everyone will hit the payment part then have it go OOS.
The risk is based on cost versus issue price, not availability. When there is probably a 200% gain off the top, the scammers will be out in force. Assuming you win the lottery that day and get one.
With only 1,945 minted, it should go to Unavailable in under 2 minutes.
With only 1945 minted, these will be next to impossible to get. Incredibly high demand will freeze your computer like the Ice Age, you will experience the statement: "SOMETHING WENT WRONG" and refreshing is certain death. Many have described this as winning a lottery. Window of opportunity is less than 30 seconds. Just sayin'.
Yes, the WW2 gold will be a DEFINITE winner. All trying for that one!!! Lol
The odds of obtaining a privy marked AGE is slim, as dealers and collectors already have their networks in place, it's already sold out. When will the offers to buy surface, 2 weeks out? What will be the offers, $5k for a confirmed offer? $10k?
Wow, a bit of an uneventful event. I thought it would become unavailable faster and the Pd thrill would garner more excitement. The excitement so far seems to be over making ninety dollars for a whole bunch of effort, time, trust and potential anxiety.
I couldn’t do it. I just couldn’t convince myself. I tried to get my heart rate up and I was hoping my pulse would quicken, but I just plain flatlined. Even the Peleton didn’t help.
Cost of shipping is $5 or so to ship a big old first class box with this inside it.
The risk of losing it is negligible. I ship 500-600 packages a year, for the past 5 years. Not one has gone missing.
I will play those odds all day. What else would you have done with a 5 figure balance in your savings account?
"It's like God, Family, Country, except Sticker, Plastic, Coin."
I don’t wake up for anything less than a 50% profit. Risking getting scammed or losing a $3k coin for a 3% profit isn’t worth it.
Don’t lose one In the mail or you’ll be caught in a long term agonizing process to recover $$ from USPS claims.
I have a claim for a total loss for damage to a collectible for $300 going in for 4 months now. Denied once and appealed; all forms filed and damaged item surrendered to the USPS with a receipt—online sale record and payment processor proof. Apparently still not good enough to pay Out on “purchased insurance” from the USPS.
What a bunch of knuckleheads.
Available again
My US Mint Commemorative Medal Set
Massive markup kept me away from this one. Missed 2017, flipped 2018 for a small profit, skipped 2019... at this price the only way I would get sucked into the 2020 is if I had all the others and needed to complete the set. I am sitting out on this entire series until I can get one for melt.
Edit: Or less. What do dealers pay for palladium bullion? 20-30% under spot?
Instagram
They show available
200 or so on Ebay...
I love these coins, but dang, that's a ton of money. I passed, and am not looking back.
HHL has been Lifted and Currently over 99 Available.
That tells you how many Flippers Cancelled…
The Mint needs to get rid of returns. Anything with a HHL should be final sale only.
What if it has a huge scratch on it?
Since they lifted the HH Limit, they are moving in batches. Should be able to use the "99 Trick" in the next half hour or so...
The good thing about the limit being lifted is that I would imagine the big buyers can get them cheaper which can hopefully be passed down to me for that rare 69!
Seems to of worked like that with the last issue.
actually, going to be sooner than that...
83 remaining using the "99 Trick"
One just sold on ebay for $2965
Currently Unavailable
gone.... until about 2 weeks from now when the returns hit the mint
They look like this in hand:
My US Mint Commemorative Medal Set
7:30 to 12:50 and they removed the HHL.
how long tomorrow does it stay on sale? me- 2 hours
how many unsold items will there be on ebay thursday night? me- 170
As I had stated earlier in several posts, I do not see this as a good flip. But I do collect them, and this one is headed to our hosts to keep. No desire at all to get another at this high margin price, but I did not want to pay $4,000+ for a 70 either.
It looks good, but some chatter on the inside edge of the rim edges which I think is because palladium is a bit brittle vs say gold. Will that prevent a 70? It is not from hits, it is just the metal edge is not smooth?
My US Mint Commemorative Medal Set
how are the rims on the reverse. do I see some "disturbances" from 11:00 to 1:00 ?
Thank you for first 2020 pics!
Resembles my 2017 Pd Eagle.
And yes they typically had hits on the rims, even at 70 grades.
I sent one back to MCM for an exchange.
I am ticipate a great deal of disappointment and frustration with these and I'm sure I will be one of those that is disappointed and frustrated.
I would imagine that bots are going to make it impossible for most people to get.
I can see these at 10000 very easily within minutes of 1st being offered.
I'm guessing pay pal will not be an option for this one either.
Gonna suck.
I'm just not a long term believer in Palladium. However far in the future it stops being used in autos, I think bullion value drops back to the $3-500 range. Even if that takes 10-20 years, I don't want that bullet.
MAYBE collectible value will hold them up, but you can take that bet, not me.
Technically, these are very pricy devils to grade, as there is a regular price cutoff of $2,500. Since these cost $3,000, they go express for $65, plus $18 for FS. So, after $28 shipping, $10 handling, and initial shipping and ins. $30+, these actually cost a person (not bulk type submitters) around $150 to grade!!
My US Mint Commemorative Medal Set
UffDa
Oy
My US Mint Commemorative Medal Set
At least 99 available.
Good to hear. I hope the dealers scoop them up.
89
3
gone
it took longer to sellout of the cancellations today than from yesterday
https://www.ebay.com/itm/2020-Palladium-Eagle-NOT-AVAILABLE-AT-US-MINT-1-OZ-Coin-SEALED/174449947453?hash=item289e06f33d:g:B8kAAOSwB69fbMZk
44 Sunday am
99 now which would cost me $297 thousand.
Gotta start working overtime.
Completely forgot about this release, stupid me, guess I'll have to deal with the secondary market. I have to get one, seeing that I have the 3 previous.
26 Monday am