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$3225.00 per ounce of gold.

TwoSides2aCoinTwoSides2aCoin Posts: 44,444 ✭✭✭✭✭
in U.S. Coin Forum

If we're counting by tenths.

Comments

  • coinbufcoinbuf Posts: 11,581 ✭✭✭✭✭
    edited August 5, 2021 9:11AM

    I cannot believe that people buy this at such high prices, I guess people really do have money to burn.

    My Lincoln Registry
    My Collection of Old Holders

    Never a slave to one plastic brand will I ever be.
  • TreashuntTreashunt Posts: 6,747 ✭✭✭✭✭

    Pass.

    Frank

    BHNC #203

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,444 ✭✭✭✭✭

    @coinbuf said:
    I cannot believe that people buy this at such high prices, I guess people really do have money to burn.

    And chances are, they'll be even higher in the open market, before they're even shipped from the mint. Am sure our resident sleuths can/ will cite an example or two. Flipping game.

  • Jzyskowski1Jzyskowski1 Posts: 6,650 ✭✭✭✭✭

    @hiwatt said:
    That's still a better deal than the Mint's price on silver coins, which are still at least triple the price of silver.

    For a crappy box and ryders signature. No no no 😂. Your taking a smaller hit for one ase than ages in a lousy box 📦

    🎶 shout shout, let it all out 🎶

  • jmlanzafjmlanzaf Posts: 35,345 ✭✭✭✭✭

    @coinbuf said:
    I cannot believe that people buy this at such high prices, I guess people really do have money to burn.

    These are not bullion coins, they are collector coins. Would you pay spot for an MS-65 Morgan silver dollar? If you want bullion, you buy the UNCs from an AD.

  • fathomfathom Posts: 1,781 ✭✭✭✭✭

    Designer? WTF..

  • jmlanzafjmlanzaf Posts: 35,345 ✭✭✭✭✭

    Same price as all the proof eagles

  • SmudgeSmudge Posts: 9,619 ✭✭✭✭✭

    NO.

  • Downtown1974Downtown1974 Posts: 6,876 ✭✭✭✭✭

    Not for me. But different strokes for different folks I suppose.

    MY GOLD TYPE SET https://pcgs.com/setregistry/type-sets/complete-type-sets/gold-type-set-12-piece-circulation-strikes-1839-1933/publishedset/321940

  • JimnightJimnight Posts: 10,846 ✭✭✭✭✭

    No ... no ... no!

  • moursundmoursund Posts: 3,207 ✭✭✭✭✭

    I see the flippers grabbing up all of the new Morgan design bullion coins, and I feel like I should be jumping on the bandwagon... Fear of missing out! But I don't really WANT to collect modern stuff...

    am

    100th pint of blood donated 7/19/2022 B) . Transactions with WilliamF, Relaxn, LukeMarshal, jclovescoins, braddick, JWP, Weather11am, Fairlaneman, Dscoins, lordmarcovan, Collectorcoins, SurfinxHI, JimW. God so loved the world that he gave his only begotten son, that who so believeth in him should not perish but have everlasting life.
  • 7Jaguars7Jaguars Posts: 7,584 ✭✭✭✭✭

    Skip - this is the mint lunacy that will contribute to an eventual implosion IMHO

    Love that Milled British (1830-1960)
    Well, just Love coins, period.
  • CoinHoarderCoinHoarder Posts: 2,612 ✭✭✭✭✭

    I don’t have that kind of money to fritter away on a pair of coins like that. Hard pass!

  • jmlanzafjmlanzaf Posts: 35,345 ✭✭✭✭✭

    @7Jaguars said:
    Skip - this is the mint lunacy that will contribute to an eventual implosion IMHO

    I don't know. Canada's been doing it for 20 years in a much smaller market and they are still going strong.

  • goldengolden Posts: 9,856 ✭✭✭✭✭

    No.

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    I will pass on these..... Not necessary for my 'stack'. Cheers, RickO

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,444 ✭✭✭✭✭

    I feel (in a way) for customers who wait, while the commodity prices plunge.

  • Cougar1978Cougar1978 Posts: 8,472 ✭✭✭✭✭
    edited August 6, 2021 12:03PM

    If you don’t like their then price don’t buy it. You don’t even mention who it is - USM? At least give the full facts.

    Frankly I could care less what somebody’s sell price is. If it doesn’t float my boat in what I can sell it far and make a decent margin not a buyer.

    Coins & Currency
  • privatecoinprivatecoin Posts: 3,521 ✭✭✭✭✭

    These will be underpriced with the coming inflation.. :D

    Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc

  • BillJonesBillJones Posts: 34,359 ✭✭✭✭✭

    @Jzyskowski1 said:

    @hiwatt said:
    That's still a better deal than the Mint's price on silver coins, which are still at least triple the price of silver.

    For a crappy box and ryders signature. No no no 😂. Your taking a smaller hit for one ase than ages in a lousy box 📦

    Yes, my local dealer showed me a new Proof Silver Eagle yesterday. Instead of the nice velvet lined boxes they used to come in, they are now in a cheap cardboard box.

    That’s the mint’s new policy. Pay more, get less.

    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • WAYNEASWAYNEAS Posts: 6,891 ✭✭✭✭✭

    No for me even after the big sellers offering a commission to buy them.
    Wayne

    Kennedys are my quest...

  • coinercoiner Posts: 699 ✭✭✭✭

    It’s a 250-300 profit on the bay
    I’ll do that any day of the week

  • WAYNEASWAYNEAS Posts: 6,891 ✭✭✭✭✭

    @coiner said:
    It’s a 250-300 profit on the bay
    I’ll do that any day of the week

    >
    I understand as there are many here doing the same thing.
    I will stay true to myself. I do not sell coins.
    I am a collector and not a profiteer.
    I find no issues with those that do.
    I hope that those that do sell have a successful transaction.
    Wayne

    Kennedys are my quest...

  • WalkerfanWalkerfan Posts: 9,492 ✭✭✭✭✭

    Hard pass for many obvious reasons. :p A Fool and his money... :#

    Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍

    My Full Walker Registry Set (1916-1947):

    https://www.ngccoin.com/registry/competitive-sets/16292/

  • seduloussedulous Posts: 3,307 ✭✭✭✭✭

    By older gold instead closer to melt price

    A Barber Quartet is made up of Nickels, Dimes, Quarters, and Halves.

  • jmlanzafjmlanzaf Posts: 35,345 ✭✭✭✭✭

    @sedulous said:
    By older gold instead closer to melt price

    Not helpful if you want a proof eagle for your collection.

    The broader point is accurate. If you want bullion, buy bullion. Proofs and commems are not intended to be bullion. They are intended to be numismatic.

  • vulcanizevulcanize Posts: 1,408 ✭✭✭✭✭

    I bought one for keepsake being the transition from Type 1 to Type 2. Perhaps my kid will enjoy it when he inherits it down the line.
    It was sold out quickly and many were bought up by those wanting to flip instantly for profit and eBay seems to have many listings of the same.

    https://www.pcgs.com/setregistry/u-s-coins/quarters/PCGS-2020-quarter-quest/album/247091

  • CameonutCameonut Posts: 7,314 ✭✭✭✭✭

    Nay nay nay nay nay never

    “In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson

    My digital cameo album 1950-64 Cameos - take a look!

  • 3stars3stars Posts: 2,291 ✭✭✭✭✭

    Could be worse, this one is $9500 per ounce
    https://www.apmex.com/product/232183/2021-gb-proof-10-oz-gold-queens-beasts-collector-box-coa

    Previous transactions: Wondercoin, goldman86, dmarks, Type2
  • ZoinsZoins Posts: 34,376 ✭✭✭✭✭

    Generally the people who buy 1/10th ounce of gold are the people that don't want to spend what it takes to own 1 ounce of gold.

    Private Mint News | 2010 Lincoln Reverse Finalists
  • vulcanizevulcanize Posts: 1,408 ✭✭✭✭✭

    @Zoins said:
    Generally the people who buy 1/10th ounce of gold are the people that don't want to spend what it takes to own 1 ounce of gold.

    Not necessarily. I picked up the pricey American Liberty 2021 High Relief Gold Coin two weeks after the August 5th purchase of the 1/10ths.

    It just so happened that I preferred the new design on the smaller sized coin better. ;)

    https://www.pcgs.com/setregistry/u-s-coins/quarters/PCGS-2020-quarter-quest/album/247091

  • pcgscacgoldpcgscacgold Posts: 2,943 ✭✭✭✭✭
    edited October 4, 2021 3:57AM

    The 1/10 oz were the most popular size at the recent show I attended. Some people buying over 1 oz in total. If you own 1 oz coins you have to sell a full oz at a time.

    Edit: But at $220 there was not a crazy premium as listed in the thread title.

    Successful BST with drddm, BustDMs, Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino
    $5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
    CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572

  • Larrob37Larrob37 Posts: 218 ✭✭✭

    I personally have zero interest in these coins. Its not because of the price, i just dont desire these coins. That being said i do like the ase and other silver coins. I buy them because i like the look, design ect and am not concerned so much about the price. I am buying them to collect as beautiful coins( my opinion) and not as a bullion piece. That is where people get it wrong. If you buying these coins as a long term investment i think you need a new financial advisor. Not against flippers. If that is your game then good luck to you.

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