Gold Spouse coin prices
HonestMoney
Posts: 54
Which direction do you think these coins will tend to go and how far both long and shirt term prices???
The Proofs are pulling around 700+ on ebay
the unc are little behind at 630+
The Proofs are pulling around 700+ on ebay
the unc are little behind at 630+
0
Comments
Not a price prediction, but I would guess that the Martha proof will be the most popular of the coins released so far.
My opinion only.
My Adolph A. Weinman signature
Russ, NCNE
<< <i>Unlike the 20th anniversary coins, I think it's all downhill for the golden girls.
Russ, NCNE >>
I concur, no collector base. Good buy for early receiver flippers, though.
How does everyone know there is no collectors base for these coins - I'm going to collect a set...
<< <i>
<< <i>Unlike the 20th anniversary coins, I think it's all downhill for the golden girls.
Russ, NCNE >>
I concur, no collector base. Good buy for early receiver flippers, though. >>
+2
<< <i>Can I ask a basic question here?
How does everyone know there is no collectors base for these coins - I'm going to collect a set... >>
I wouldn't say there is "no" collector base, but it is nowhere near as large as it is for the gold and silver eagles.
Russ, NCNE
<< <i>Can I ask a basic question here?
How does everyone know there is no collectors base for these coins - I'm going to collect a set... >>
Ok, maybe I should restate that the long term collector's base for the spouses is probably limited.
I believe the First Spouse coins will be a sure fire winner throughout the whole 11 year program.
Saying that, I am getting more excited with the prospects of acquiring each and every issue as they become available.
i can see it now, selling on ebay for melt + a tiny premium.
this is my prediction within 3-5 years.
Collector base is unknown at this time. That is because if we look at these and compare to
any other similar series, we find that their is no other similar series. Zippo. Nada.
My guess is they will create their own collectors, similar to the state quarters. Somebody's
wife is going to give up hummels, and collect coins like her husband. Probably someone
who bought just one pair of proofs to flip, and his wife will see them and say why can't she
have them to collect. (I am not letting my wife see mine.) And the proofs look MUCH nicer
then the uncs (ask your significant other.)
Like statehood quarters, many will be happy with just one example. Proof vs Unc vs FS vs PCGS
won't mean much, they want them in the pretty mint boxes.
Future Prediction:
Number 1&2 40,000 total mintage: 25000 proofs 15000 uncs
Number 3 in series: 60,000 total mintage, 40,000 proofs, 20,000 uncs (no sudden price increase)
Number 4 in series 80,000 total mintage 55,000 proofs 15000 uncs (no sudden sell out)
2008 sets 100000 total mintage 85,000 proofs 10,000 uncs (no sellout)
1 year price prediction: Martha and Addams proofs: $1600
Uncs $500
For those who say most can't afford, it's only average about $140/month for the proofs. Look at your wife's
credit card bill.
<< <i>My guess is they will create their own collectors, similar to the state quarters. >>
Statehood quarters don't cost several hundred dollars each. The golden girls are too pricey to generate much of a collector base from scratch. Long term, they are a dog.
Russ, NCNE
The answer is, no ones knows.
And unless you have the coin in hand, you can't be sure if you are enen getting it either.
San Diego, CA
<< <i>And unless you have the coin in hand, you can't be sure if you are enen getting it either. >>
The FEDEX guy brought my proofs today. I am selling. if interested leave me a message
<< <i>Unlike the 20th anniversary coins, I think it's all downhill for the golden girls.
Russ, NCNE >>
Russ only in rare occasions I disagree with you and this is one of those. I think we will see this ugly ladies in the $1400-1500 range before DEC 2007.
Keith
<< <i>I think the coins are beuatiful and I collect what I like no matter what Russ says
Having the MW proof in hand ... I think the Mint did an outstanding job. You will be suprised as to the potential collector base for this series. Consider that over 250,000 purchased the Bufallo Proof @ $800 a shot & over 20,000 4 coin gold eagle proof sets are sold anually.....
Sorry to say, I just can not and find the artwork in the FH and prezzie issues to be anything but ugly.
I am also not sure where this "collector base" is when it comes to the former. The average person has NO idea that they even exist, and even the prezzies are largely unknown as they have been hoarded just as the mint planned.
It was also said above that the poster's prediction was for 1200+ prices by the new year - all I can say is that would be great for the flippers, but not my cup of tea & tend to doubt those prices will be reached.
Well, just Love coins, period.
<< <i>Consider that over 250,000 purchased the Bufallo Proof @ $800 >>
And, the value of these has gone nowhere.
Russ, NCNE
<< <i>Time for a prediction (guess.)
Collector base is unknown at this time. That is because if we look at these and compare to
any other similar series, we find that their is no other similar series. Zippo. Nada.
My guess is they will create their own collectors, similar to the state quarters. Somebody's
wife is going to give up hummels, and collect coins like her husband. Probably someone
who bought just one pair of proofs to flip, and his wife will see them and say why can't she
have them to collect. (I am not letting my wife see mine.) And the proofs look MUCH nicer
then the uncs (ask your significant other.)
Like statehood quarters, many will be happy with just one example. Proof vs Unc vs FS vs PCGS
won't mean much, they want them in the pretty mint boxes.
Future Prediction:
Number 1&2 40,000 total mintage: 25000 proofs 15000 uncs
Number 3 in series: 60,000 total mintage, 40,000 proofs, 20,000 uncs (no sudden price increase)
Number 4 in series 80,000 total mintage 55,000 proofs 15000 uncs (no sudden sell out)
2008 sets 100000 total mintage 85,000 proofs 10,000 uncs (no sellout)
1 year price prediction: Martha and Addams proofs: $1600
Uncs $500
For those who say most can't afford, it's only average about $140/month for the proofs. Look at your wife's
credit card bill. >>
The Coin World Online story that went up yesterday quotes the Mint as saying that the division between Proof and Unc sales was almost equal, and that the total number per design will remain at 40,000 for the remainder of 2007. No indication as to whether it would increase in later years.
TD
They are a big enough coin to see the detail, they are gold, they are a new field of commem (in a way), and represent a unique time line of history that some womens groups may fine quite fascinating. Thus allowing them to pursue an unexplored avenue involving investment and collect ability.
Plenty of households can put 1 away and never notice. All things considered $425 is only few tanks of gas and a couple nice evenings out.
They may die down to a 50% over issue for a while but long term they may do well. I'm going short flip and heavy with a 10% hold back for long term. Profits going into an early dollar.
JMHO
<< <i>FLBuff - can you honestly say that you think the Martha Washington obverse is attractive?
Sorry to say, I just can not and find the artwork in the FH and prezzie issues to be anything but ugly.
I am also not sure where this "collector base" is when it comes to the former. The average person has NO idea that they even exist, and even the prezzies are largely unknown as they have been hoarded just as the mint planned.
It was also said above that the poster's prediction was for 1200+ prices by the new year - all I can say is that would be great for the flippers, but not my cup of tea & tend to doubt those prices will be reached. >>
I think the First Spouse series will be some of the most beautiful pieces the mint has ever issued. The intricate designs for the 2008 series that were shown in NN, were IMO some of the most beautiful designs on any coin series ever issued by the mint. I think one factor may be the First Spouse pieces are struck in .9999 gold which is very malleable and allow for intricate designs without wearing the dies excessively. I believe the series will appeal to a broad range of high-end modern collectors. Many of which have been known to spend over $5,000 for a single coin with a 1/100 of the bullion value the First Spouses have.
These mint sold 80,000 of these coins within 3 hours. There is no way all of these went to speculators. The George Washington coin covers took 8 days to sell out 50,000 pieces despite many purchasing them by the hundreds or thousands per individual and having a much more affordable base price. If you doon't like the coins, then don't buy them. I am sure many like myself will buy them because they like them and for what they represent.
30k sold to sharks
melt after the dust settles.
it'd be better to compare them to the 06w gold's or the gold buffalo's imo.
QUOTE FROM THE EBAY SELLER
Everybody knows about the coins. Sold out in 3 hours! Sure deal! Etc…
I’ll keep it very brief –
This morning, I received these coins, 5 full sets = 20 total coins.
Of course I haven’t and will not touch the boxes, they will stay sealed.
I was going to sell them individually and probably make a whole lot more money… but to spare headaches and eBay listings etc…
I’m willing to sell all of the 5 sets for a total of $22,500.
END QUOTE
<< <i>FL, the one difference i see using the cover set or state quarter analogy is the buy in price.
it'd be better to compare them to the 06w gold's or the gold buffalo's imo. >>
Exactly the point I was making is the mint sold 80,000 First Spouse coins in 3 hours at a max order of 5 per issue, that did not happen for the GW coin cover or any of the issues you mentioned. To me that signifies a huge collector base intrest for the first Spouse coins.
<< <i>
<< <i>FL, the one difference i see using the cover set or state quarter analogy is the buy in price.
it'd be better to compare them to the 06w gold's or the gold buffalo's imo. >>
Exactly the point I was making is the mint sold 80,000 First Spouse coins in 3 hours at a max order of 5 per issue, that did not happen for the GW coin cover or any of the issues you mentioned. To me that signifies a huge collector base intrest for the first Spouse coins. >>
nah, i'd say that signifies a huge SPECULATOR base looking to create a quick buck to other speculators that missed out. of those sold, i'll bet only 10% went to "real" collectors that intend to hold on them to build a set.
<< <i>
<< <i>
<< <i>FL, the one difference i see using the cover set or state quarter analogy is the buy in price.
it'd be better to compare them to the 06w gold's or the gold buffalo's imo. >>
Exactly the point I was making is the mint sold 80,000 First Spouse coins in 3 hours at a max order of 5 per issue, that did not happen for the GW coin cover or any of the issues you mentioned. To me that signifies a huge collector base intrest for the first Spouse coins. >>
nah, i'd say that signifies a huge SPECULATOR base looking to create a quick buck to other speculators that missed out. of those sold, i'll bet only 10% went to "real" collectors that intend to hold on them to build a set. >>
Time will tell who is right. Until then I'm hoding on to my Golden Girls
Does anyone know when the next set will be up for sale?
thanks
<< <i>I have no educated opinion on which way this will go, but I hope the forum members who are intimately involved will be kind enough to keep me posted. >>
i'll volunteer to send you hourly market update reports via PM. give me your home phone, and i'll call you nightly to discuss the ebb and flow of this bullion series
<< <i>It would be nice to have a set of these. I might wait until the dust settles. I missed the initial offer. I guess one needs to be on the U.S. Mint Mailing list or keep up with the release dates?
Does anyone know when the next set will be up for sale?
thanks >>
"High Noon"...EST .... 8/16 .... get your weapons ready....
<< <i>I have no educated opinion on which way this will go, but I hope the forum members who are intimately involved will be kind enough to keep me posted. >>
I'm pretty confident they will.
Tim
Box of 20
My one coin (Martha) shipped. That guarantee's the Martha prices will fall, and the Abigail coins will triple.
I think that this is the key to the answer. Collector AND long-term investor (in this case, greater than a couple months) demand, which we will not know for some time.
Cashback from Mr. Rebates
The 4 coin sets seem to be going for $2600 today.
All Gold Spouse coins.
Paying Spot Price.
Call me ! ! ! ! ! ! ! ! ! !
``https://ebay.us/m/KxolR5
<< <i>Wanted:
All Gold Spouse coins.
Paying Spot Price.
Call me ! ! ! ! ! ! ! ! ! ! >>
Call you what? A couple of things spring to mind... :-)
1) Unpopular theme
2) Drawn out series (35+ coins over 9-10 yr period)
3) Price Point/ Entry Price too high $400+ to collect as series
4) Mintages too high, only to go higher due to heavy flipper dominated sell outs
Whatever you may think, gold coins of this size and denomiantion, at this price point, should have mintages sub-10,000 to be successful. Even when you satisfy that criteria, it has to have a strong "end consumer" demand or collector base.
When mintages on these coins exceed 15,000 on gold of this denom and size/price, they generally can be had for melt shortly after issue (ex. $10 First Flight commem gold)
This doesnt mean that the price right now wont hold and you'll make a profit IF YOU SELL QUICK.
I believe flippers heavily contributed to sellout of these items, and if we see the online auctions having 500-800 auctions with in hand coins soon (grown from 300+ now) prices will sink to sub 550, maybe sub 500. This will rattle most weak hands. It can get ugly.
<< <i>What are the current prices >>
Sold Marthas
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