San Francisco Old Mint Uncirculated $5 Gold Coin

gary

Is the UNC Gold a better way to own this Old Mint Commerative?

With The UNC $5 Coin selling at $220 it's hardly a bargan if 100,000 are made?

How many are getting both Gold & Silver?

cheezhed

I'm getting both.

coinmickey

With The UNC $5 Coin selling at $220 it's hardly a bargan if 100,000 are made?

That's if the full 100k are made/sold. That is not likely to happen.

I think there have been other recent threads on this topic and the sales numbers are relatively low. If you do a search you'll find those threads.

80sJunkie

BillJones

The rule of thumb is that collectors want the Proof versions of these coins and buy more of them. Far fewer Uncirculated pieces get sold, which make them more valuable sometimes FAR more valuable in the secondary market.

I have a lot of 4 and 6 piece sets in the wooden boxes. Usually the Proof coins are more attractive than the Uncs. IMO. But if you want to speculate, the Uncs. have often been the better investment.

CoinHusker

Per the 10/23/06 issue of CoinWorld.

"Half eagle sales have topped more than half the maximum 100,000-coin authorization. The total of 50,224 coins represents 35,164 single Proof gold coins and 15,060 single Uncirculated coins."

BillJones

The sales are higher than I thought they would be. If they sell another 5,000 of the Uncs. they probably won't be a good deal in the secondary market.

CoinHusker

<< <i>The sales are higher than I thought they would be. If they sell another 5,000 of the Uncs. they probably won't be a good deal in the secondary market. >>




I thought the same thing when I read those figures Bill.

aficionado

Well you better decide because tomorrow, Tuesday Oct 17th at 5PM EST the price will go up.


The price is not to bad, from what I understand it 1/4 oz.


Proof San Fran - $230


Eagle 1/4 oz Proof - $215

53BKid

If the mint stopped selling the MS today and all the orders filled, the mintage would already be one of the higher mintages for recent gold commemoratives. Only the Washington and Smithsonian are higher going back to 1995. I'll buy my one for my collection, but not buying more than that.

BillJones

Both the Washington and Smithsonian $5 gold pieces turned out to be good ones that sold for more than their issue prices.

Mesquite

I recall the flap over the 2004 First Flight $10 gold - the first $10 coin in 20 years, etc., etc. The mintage on the uncs was something like 10,000 to 12,000 (you might check me on that). They are sold for not much more than melt value these days. I don't think that buying these on spec. will yield certain gains. Buy them if you like them, but be careful not to sink too much in them in the hopes of turning a serious turn around profit.