Could the After Market in Gold Reverse Proofs = The Tulip Buying Frenzy ?

ABC123

In Holland in 1634 Tulip Bulbs were sought after as "investments" and sold for upwards of $500 per Bulb---People went Nuts, and Fortunes were Lost. Could the Reverse Gold Proofs create a similar Buying Frenzy on the After Markets ????

itsnotjustme

No.

What are the differences?

1) These have an intrinsic value to the metal.
There is a long established collector demand for items like this.
4) The mintage is strictly limited.
10) If I bury these they will not produce more!

ziggy29

I don't think so. I think this one will be a long-term winner for some of the reasons listed above and then some. I wouldn't be surprised to see it selling for $1500 if not $2000 almost right off the bat.

HonoluluDude

Tulips does not equal gold. Gold will always have some intrinsic value.

damoeda

4) The mintage is strictly limited.

You mean like the Oceanview Nickel FDC?

WheatFanatic

that ocean view fdc was an oddball because it was made rare by the mint stopping sales early by law, something this is not affected by. this was a straight 24 hour sellout.

Bear

Gold id gold, while a tulip bulb is

just a member of the garlic family.

RedTiger

Well, anything is possible, but to reach tulip bulb mania stage the gold sets would have to trade for the price of a modest house. During the historical mania in Holland, certain rare bulbs changed hands at the price of an entire farm. Virtually all economic activity other than trading tulip bulbs came to a stand still. It really did long term damage to the economy.

From
http://en.wikipedia.org/wiki/Tulip_mania link
In 1623, a single bulb of a famous tulip variety could cost as much as a thousand Dutch florins (the average yearly income at the time was 150 florins). Tulips were also exchanged for land, valuable livestock, and houses. Allegedly, a good trader could earn sixty thousand florins a month.