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Another 20th Anniv. GAE thread....Once it is announced that no more available from the mint, do pric
bumanchu
Posts: 1,383 ✭✭✭
And who intends to buy on the secondary market after it is announced?
And I ain't lying this time.
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The only possible outcome that I see is that a few more sets ship and give the price a mild bump down (like 3%). There is virtually no one waiting to buy on the announcement that shipping has been completed.
The spot price of gold probably has more to do with day-to-day fluctuations on the gold sets than any remaining shipments.
I think there is a lot of resistance and quite a few sellers at every small increment up. The old high of approximately $6100 for raw sets will be very tough to crack. Many buyers at high prices in the secondary market will be very glad to get out even or with a small profit. Long term, I think these A12 gold sets will do fine, however, I believe a lot of that will be propelled by a hot gold bullion market.
If the mint took 10,000 more orders than they could sell and some are waiting to see if they are lucky enough to get a set at Mint issue price, and then find out that they will not be one of the remaining "lucky" ones, then I believe this will be current news and may have some impact on the current price levels.
Box of 20
The coins look fantastic to me. The Reverse Proof in gold is far better than the RP in silver. I think that will fuel demand a bit over the years. Heck, if a buffalo dollar can be $200+ then these will do fine.
be moderating. There will be a downward bias
untill the demand begins to exceed supply. After
a few months, the gold sets will begin a slow and steady
rise in price, to reflect its rarity and beauty.
Camelot