<< <i>One more thing. What is better to collect the proofs or unc in the spouse series? >>
For the long run, I think proofs. Side by side the proofs are better looking, and I expect new collectors will gravitate toward proofs for that reason.
<< <i>I like the rest of you wish I had bought as many buffalo 1/4 2008 unc coins and both 4 coin sets unc and proof of the 2008 buffalos. But I have what I have. It sure would have been sweet to have a few of the items cause I want to buy a new car and something else. So my point is what should I buy this year on speculation to make money. I am thinking the Boy Scout coin.
Please advise me as to other mint products.
I sure would appreciate it.
Meantime I bought Erics book which is on backorder and I am reading David Bowers book The Expert,s Guide to collecting& investing in rare coins.
Be careful looking for next home run . For 99% of us numismatics is a hobby not a business and not a guaranteed inverstment. Buy what you like and cherish.
Yes things have been good for last ten years but during that time PM prices have risen 400% and IMO that has played a far larger part in coin market rise than most realise. If you speak to many but highest tier dealers you will learn bullion trading/scrab PM business has been great for many B&M dealers and this PM business profit often dwarfs their actual coin business. What do they do with some of their profits?? They invest it in their personal field of interest. Like the rest of us they use their PM profits to support their personal collecting or inventory additions.
For individuals the reality is similar. The rising tide of PM prices has lifted all boats and for many collectors their perception of the worth of their collections has risen with PM prices even if this support from PM prices hasn't been reccognized. While many will take exception and bravely profess their collection is not influenced by PM prices I say don't be too sure..........if PM prices retraced that 400% price rise I believe the numismatics pain would be deep and wide.
Mitch/Modern Coin Mart just raised the bar on 2008-W Buffalo gold.
Just got his email with some extremely attractive BUY prices for all versions of 2008-W buffalo gold.
Should shake up the market a little................ >>
Yeah, just got the shocking email with the "CRAZY prices" offer; just when I thought they would start a cooling period followed by extinction, then a traveling "Walk with the Buffalo Dinosaurs" show.....
Oh well, batten the hatches and loosen the SDB locks for a tidy gain you last resorters!!! Stop holding and start this market correction, for the dinosaurs sake.
Or, do as I did with the Jefferson Liberty and assume all Mint boats float at the same level. Wrong.
2008 was a very fine Mint vintage and the cellar's contents remains sealed for me!
Everything I ever bought was for personal enjoyment. I guess I am kicking myself because I don't have any extras to sell, Just the ONE of each for the kids one day.
Ships are safe in harbor but thats not what ships were built for.
<< <i>"2008 was a very fine Mint vintage and the cellar's contents remains sealed for me!"
And there in lies the problem...........a lack of sellers. >>
And an abundance of strong, tight-fisted hands 2manycoins!
I would imagine, and Mitch may have an opinion on this issue, that the driving force behind ths consistent rise is that there are only so many Gold Buff sets and many folks that see this year as the "Beachfront Property" of the Moderns, want a piece of history and are willing to wade into the waterfront with wallet open. Damn the big fish!
<< <i>"2008 was a very fine Mint vintage and the cellar's contents remains sealed for me!"
And there in lies the problem...........a lack of sellers. >>
I wouldn't call it a problem.
Hopefully that is a sign of collectors' interest instead of flippers' greediness.
Flippers can be "fast returns" types, it will be interesting to see what the market does if gold continues to be range bound (not crashing under $1000 nor soaring above $1200). How high will the price run, and if it plateaus then how long do the flippers hold? Will it play out this way and give us an indication of the collector/insane ratio ?
I have one set. I wish the "cash flow" crisis in the house hadn't inhibited my buying more in 2008 and 2009. (and into 2010). I'm collecting my one and only, but it sure is tempting to sell into the insanity.
Hmmm... and can't help but think those "new collectors" might be "gold holders" just because of the economic reasons.... maybe they could pile out based upon factors like a strong and real global economic recovery, instead of what the set market is doing ???
<< <i> (Disclaimer: The thoughts or lack thereof expressed in this post are my own and should not be relied upon by anyone for any investment or other purpose. Use your own diligence and make up your own mind think on their own)-Planchet >>
<<You mean we can't sue you if your wrong?? Bummer.>> >>
What I mean is, use your own brain, make your own decision. It is your money and Nobody will understand your situation as well as you do. What is good for me might not be for you.
what you fail to realize in your analysis is that most plat buyers and collectors started in with silver then gold.
to have a few thousand buyers cross the line from gold to plats is not a stretch.
especially when super popular gold starts to stagnate (like right now)
it doesnt take all that much with sub 3000 mintages
7over8, respectfully - I'm sure that there are as many routes to becoming a Plat collector as there are coins in the series. In my own case, I actually added a bunch of gold after my platinum position was well-established; I only considered the 2008 gold issues after my platinum wants & needs were nailed-down. I jumped into the 2008 gold issues with the full expectation that the 2008-W Burnished Gold, the Gold Buffs and the Jackson & VanBuren Gold Liberties would be winners. (Which they are, impressively so).
So, in terms of Modern Mint Collector Bullion, my primary progression was from silver, to platinum, to gold and not from gold to platinum. Weird, huh?
The Gold Buffs have to reach a top - certainly they do, but judging from today's & yesterday's auction data, there is no stagnation whatsoever in terms of advancing prices. I'm not sure where you are pulling that statement from.
Sub-3000 mintages are a great plus, but as I did state in my commentary - market demand has a large say in the matter. Frankly, I'm not concerned about any of the 2008 issues. Platinum will have it's day - it's unavoidable. You won't be disappointed with your 2008-W Burnished Uncs. Not at all. Keep'em.
Q: Are You Printing Money? Bernanke: Not Literally
All of those MCM buy prices aren't so marvelous-they're paying $3000 for ms70 08W $50 Buffalos and selling them for $4185(which is about what they're selling for on ebay).The prices on the 5,10,and 25 are ok for NGC's but pretty low for PCGS coins(compared to ebay sales).I guess that email would be pretty tempting for someone that wasn't following the recent ebay sales.I would gladly pay $3000 for PCGS ms70 08w $50 Buffalos....
Why are buy prices that are 25-35% below current eBay and MCM sell prices for $50 ms buffalos "extremely attractive"? I agree that the offered prices for the $5,10 and 25 buffs are good for NGC's- but not so much PCGS coins and especially not the unc $50's.
<< <i>Why are buy prices that are 25-35% below current eBay and MCM sell prices for $50 ms buffalos "extremely attractive"? I agree that the offered prices for the $5,10 and 25 buffs are good for NGC's- but not so much PCGS coins and especially not the unc $50's. >>
................................................................................................................................................................................................................ They are attractive because they represent published buy prices from a major dealer with no volume limits.
It is one thing for us to quote the periodic 1 off Ebay sale, it is again far different when you want to move 3-10-20 or more of an item.
I find it comforting to know where and at what prices I could unload my buffs if I was so inclined.
Not shilling for MCM just pleased to see them step up and put a considerable amount of money on the line for any inclined to sell 2008-W buffs without the hassle and uncertainty of Ebay.
I agree with most of your POV other than the $50 W unc's lowball prices.These are the keys for the w Buffs and have finally started to approach the much higher mintage proofs prices.The $3000 buy price is way behind the trends . The last ebay sales for w unc buffalos have been $3899 NGC ms69 ER,$4100 NGC ms70,$4050 OGP/raw,$6025 PCGS ms70 FS,$3698 ms70 NGC,$4700 PCGS ms70 FS,$3400 ms70 NGC,and $4598 NGC ms70 ER.MCM is asking $4185 for a ms70 NGC and just sold an NGC ms70 $50 ER for just under $4500. Not sure why you're so adament that the entire offer is attractive nor why you would blow off every sale in the last two weeks at ebay/MCM as a periodic 1 off ebay sale.
coinspeak, you only listed 8 coins from which to choose the 8 coins you would like to submit on your platinum membership before it expires. What are your other choices?
I haven't seen an attractive offer yet from either of those buyers.
ditto, neither have I. In fact, I had both the Unc and Proof 4-coin Gold Buff Sets listed on BST a couple weeks ago and finally pulled the listing because nobody wanted to pay my asking prices. Both sets are now almost $1,000 higher if you give any credence to ebay auction data, which I do. And I'm just talkin raw sets. The certified ones continue higher as well.
Like I said, keep the Burnished Plats - they will have their day, but nothing is even close to the Gold Buffs at this time. Enjoy the ride.
Q: Are You Printing Money? Bernanke: Not Literally
Also I have the voucher for (8) coins free submission with my Platinum membership.
Which coins should I have graded?
Here is my selection, any advice as to keeping in raw/OGP state or send for grading.
My voucher expires in two weeks so I need to move on it
2008 AGE 1/10, 1/4, 1/2 all burnished "w" APE 1/2 proof and 1/2 unc "w" 1 UHR
backup coins are available to me
thank you 1 2007 Buffalo proof 1 2007 AGE proof
>>
I'd do the 2008 AGE 1/4s first, followed by the APE 1/2 unc-ws, then maybe the 1/10 AGE. I'd keep the 1/2 APE proof and UHR in OGP--much more attractive. IMO, the 1/2-ounce AGE is so common, it's not worth submitting. Ditto on the '07s. I'll be interested to see what others think.
You have a voucher for 8 coins-you listed 8 coins.The voucher can't be split up,it's a one time deal for 8 coins.Seems like your decision is made for you.With those coins I would submit them with a minimum grade of 70 and put the 69's back in their OGP.
Coin World reports first spouse Gold mintage has been lowered from 40K to 15K. ( Proof & uncirculated ) This should be interesting when more popular spouses like Jackie Kennedy come up for sale!
The mintages will be adjusted to fit whatever they think demand will be, i.e. the Mary Todd Lincoln is set at 20,000 instead of 15,000. Knowing the Mint, they will make you buy some of their leftovers first (like they do with Silver Eagles), in order to be able to buy a Jackie Kennedy.
Q: Are You Printing Money? Bernanke: Not Literally
Posted on another thread. The 2009 Gold Buffalo Proofs are sold out. This was a surprise since there really was no warning like the shipping date warning appearing first. Looks like 47,000-50,000 mintage. Maybe MCM bought them all over the weekend. The last reported sales were in the 46K range.
$50 proof gold buffs stood at 48,994 as of March 15th so we can say the report was in the 50,000 range when it went black. Obviously this does not include returns and adjustments.
$7,000 for a raw 4 coin Unc buffalo set................
I saw that-- really pretty impressive. I think there's a premium built in for "raw" sets over ones graded 69-- people hope their raw coins might include some 70s-- which of course just creates an incentive for people to break open their 69s and sell as raw.
Comments
<< <i>One more thing. What is better to collect the proofs or unc in the spouse series? >>
For the long run, I think proofs. Side by side the proofs are better looking, and I expect new collectors will gravitate toward proofs for that reason.
My Adolph A. Weinman signature
<< <i>I like the rest of you wish I had bought as many buffalo 1/4 2008 unc coins and both 4 coin sets unc and proof of the 2008 buffalos.
But I have what I have.
It sure would have been sweet to have a few of the items cause I want to buy a new car and something else.
So my point is what should I buy this year on speculation to make money.
I am thinking the Boy Scout coin.
Please advise me as to other mint products.
I sure would appreciate it.
Meantime I bought Erics book which is on backorder and I am reading David Bowers book The Expert,s Guide to collecting& investing in rare coins.
Thank you
................................................................................................................................................................................
Be careful looking for next home run .
For 99% of us numismatics is a hobby not a business and not a guaranteed inverstment.
Buy what you like and cherish.
Yes things have been good for last ten years but during that time PM prices have risen 400% and IMO that has played a far larger part in coin market rise than most realise. If you speak to many but highest tier dealers you will learn bullion trading/scrab PM business has been great for many B&M dealers and this PM business profit often dwarfs their actual coin business. What do they do with some of their profits?? They invest it in their personal field of interest. Like the rest of us they use their PM profits to support their personal collecting or inventory additions.
For individuals the reality is similar. The rising tide of PM prices has lifted all boats and for many collectors their perception of the worth of their collections has risen with PM prices even if this support from PM prices hasn't been reccognized. While many will take exception and bravely profess their collection is not influenced by PM prices I say don't be too sure..........if PM prices retraced that 400% price rise I believe the numismatics pain would be deep and wide.
Mitch/Modern Coin Mart just raised the bar on 2008-W Buffalo gold.
Just got his email with some extremely attractive BUY prices for all versions of 2008-W buffalo gold.
Should shake up the market a little................
<< <i>Wow!!
Mitch/Modern Coin Mart just raised the bar on 2008-W Buffalo gold.
Just got his email with some extremely attractive BUY prices for all versions of 2008-W buffalo gold.
Should shake up the market a little................
Yeah, just got the shocking email with the "CRAZY prices" offer;
just when I thought they would start a cooling period followed by extinction, then a traveling "Walk with the Buffalo Dinosaurs" show.....
Oh well, batten the hatches and loosen the SDB locks for a tidy gain you last resorters!!! Stop holding and start this market correction, for the dinosaurs sake.
Or, do as I did with the Jefferson Liberty and assume all Mint boats float at the same level. Wrong.
2008 was a very fine Mint vintage and the cellar's contents remains sealed for me!
Miles
And there in lies the problem...........a lack of sellers.
Mitch/Modern Coin Mart just raised the bar on 2008-W Buffalo gold.
Just got his email with some extremely attractive BUY prices for all versions of 2008-W buffalo gold.
Should shake up the market a little................ >>
What were the offers? I'd say that the market was shaken up first, necessitating the higher offers, no?
I knew it would happen.
<< <i>"2008 was a very fine Mint vintage and the cellar's contents remains sealed for me!"
And there in lies the problem...........a lack of sellers. >>
And an abundance of strong, tight-fisted hands 2manycoins!
I would imagine, and Mitch may have an opinion on this issue, that the driving force behind ths consistent rise is that there are only so many Gold Buff sets and many
folks that see this year as the "Beachfront Property" of the Moderns, want a piece of history and are willing to wade into the waterfront with wallet open.
Damn the big fish!
Miles
<< <i>"2008 was a very fine Mint vintage and the cellar's contents remains sealed for me!"
And there in lies the problem...........a lack of sellers. >>
I wouldn't call it a problem.
Hopefully that is a sign of collectors' interest instead of flippers' greediness.
Flippers can be "fast returns" types, it will be interesting to see what the market does if gold continues to be range bound (not crashing under $1000 nor soaring above $1200). How high will the price run, and if it plateaus then how long do the flippers hold? Will it play out this way and give us an indication of the collector/insane ratio ?
I have one set. I wish the "cash flow" crisis in the house hadn't inhibited my buying more in 2008 and 2009. (and into 2010). I'm collecting my one and only, but it sure is tempting to sell into the insanity.
Hmmm... and can't help but think those "new collectors" might be "gold holders" just because of the economic reasons.... maybe they could pile out based upon factors like a strong and real global economic recovery, instead of what the set market is doing ???
<< <i> (Disclaimer: The thoughts or lack thereof expressed in this post are my own and should not be relied upon by anyone for any investment or other purpose. Use your own diligence and make up your own mind think on their own)-Planchet >>
<<You mean we can't sue you if your wrong?? Bummer.>> >>
What I mean is, use your own brain, make your own decision. It is your money and Nobody will understand your situation as well as you do. What is good for me might not be for you.
Planchet
what you fail to realize in your analysis is that most plat buyers and collectors started in with silver then gold.
to have a few thousand buyers cross the line from gold to plats is not a stretch.
especially when super popular gold starts to stagnate (like right now)
it doesnt take all that much with sub 3000 mintages.
to have a few thousand buyers cross the line from gold to plats is not a stretch.
especially when super popular gold starts to stagnate (like right now)
it doesnt take all that much with sub 3000 mintages
7over8, respectfully - I'm sure that there are as many routes to becoming a Plat collector as there are coins in the series. In my own case, I actually added a bunch of gold after my platinum position was well-established; I only considered the 2008 gold issues after my platinum wants & needs were nailed-down. I jumped into the 2008 gold issues with the full expectation that the 2008-W Burnished Gold, the Gold Buffs and the Jackson & VanBuren Gold Liberties would be winners. (Which they are, impressively so).
So, in terms of Modern Mint Collector Bullion, my primary progression was from silver, to platinum, to gold and not from gold to platinum. Weird, huh?
The Gold Buffs have to reach a top - certainly they do, but judging from today's & yesterday's auction data, there is no stagnation whatsoever in terms of advancing prices. I'm not sure where you are pulling that statement from.
Sub-3000 mintages are a great plus, but as I did state in my commentary - market demand has a large say in the matter. Frankly, I'm not concerned about any of the 2008 issues. Platinum will have it's day - it's unavoidable. You won't be disappointed with your 2008-W Burnished Uncs. Not at all. Keep'em.
I knew it would happen.
Silver Proofs hopefully
<< <i>Have we gotten any word at all of what 2010 is going to bring for american eagle coins?
Silver Proofs hopefully >>
The "NEW" Bronze American Eagle Series and the Aluminum Statue of Liberty Series + First Strikes!
It is an entirely different thing to offer to buy a hundred or more.
Your or my offer to buy a few pieces has no effect on market while his establishes a floor on prices.
Hopefully Mitch will update us in a few weeks on what kind of response he got to his mailing.
<< <i>jmski
what you fail to realize in your analysis is that most plat buyers and collectors started in with silver then gold.
to have a few thousand buyers cross the line from gold to plats is not a stretch.
especially when super popular gold starts to stagnate (like right now)
it doesnt take all that much with sub 3000 mintages. >>
I agree!
<< <i>Why are buy prices that are 25-35% below current eBay and MCM sell prices for $50 ms buffalos "extremely attractive"? I agree that the offered prices for the $5,10 and 25 buffs are good for NGC's- but not so much PCGS coins and especially not the unc $50's. >>
................................................................................................................................................................................................................
They are attractive because they represent published buy prices from a major dealer with no volume limits.
It is one thing for us to quote the periodic 1 off Ebay sale, it is again far different when you want to move 3-10-20 or more of an item.
I find it comforting to know where and at what prices I could unload my buffs if I was so inclined.
Not shilling for MCM just pleased to see them step up and put a considerable amount of money on the line for any inclined to sell 2008-W buffs without the hassle and uncertainty of Ebay.
I have coins and they are not yet graded.
Also I have the voucher for (8) coins free submission with my Platinum membership.
Which coins should I have graded?
Here is my selection, any advice as to keeping in raw/OGP state or send for grading.
My voucher expires in two weeks so I need to move on it
2008 AGE 1/10, 1/4, 1/2 all burnished "w"
APE 1/2 proof and 1/2 unc "w"
1 UHR
backup coins are available to me
thank you
1 2007 Buffalo proof
1 2007 AGE proof
And BTW, for at least one of those buyers, if you call them and offer quantity - and quote YOUR price - they do substantially up the ante.
Which means in a nutshell, any printed or mass mailing of buy prices are generally not good.
<< <i>Okay I need some advice.
I have coins and they are not yet graded.
Also I have the voucher for (8) coins free submission with my Platinum membership.
Which coins should I have graded?
Here is my selection, any advice as to keeping in raw/OGP state or send for grading.
My voucher expires in two weeks so I need to move on it
2008 AGE 1/10, 1/4, 1/2 all burnished "w"
APE 1/2 proof and 1/2 unc "w"
1 UHR
backup coins are available to me
thank you
1 2007 Buffalo proof
1 2007 AGE proof
For the UHR... is it in the unopened shipping box or not?
I haven't seen an attractive offer yet from either of those buyers.
ditto, neither have I. In fact, I had both the Unc and Proof 4-coin Gold Buff Sets listed on BST a couple weeks ago and finally pulled the listing because nobody wanted to pay my asking prices. Both sets are now almost $1,000 higher if you give any credence to ebay auction data, which I do. And I'm just talkin raw sets. The certified ones continue higher as well.
Like I said, keep the Burnished Plats - they will have their day, but nothing is even close to the Gold Buffs at this time. Enjoy the ride.
I knew it would happen.
<< <i>Okay I need some advice.
I have coins and they are not yet graded.
Also I have the voucher for (8) coins free submission with my Platinum membership.
Which coins should I have graded?
Here is my selection, any advice as to keeping in raw/OGP state or send for grading.
My voucher expires in two weeks so I need to move on it
2008 AGE 1/10, 1/4, 1/2 all burnished "w"
APE 1/2 proof and 1/2 unc "w"
1 UHR
backup coins are available to me
thank you
1 2007 Buffalo proof
1 2007 AGE proof
I'd do the 2008 AGE 1/4s first, followed by the APE 1/2 unc-ws, then maybe the 1/10 AGE. I'd keep the 1/2 APE proof and UHR in OGP--much more attractive. IMO, the 1/2-ounce AGE is so common, it's not worth submitting. Ditto on the '07s. I'll be interested to see what others think.
<< <i>You certainly can request a minimum grade of 70 on raw coin submissions-you can't on crossovers >>
You already said that. Are you having a ruff day?
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=140391802879&ssPageName=STRK:MEWAX:IT&autorefresh=true
<< <i>$10K for a PR70DCAM 4 coin buffalo set.....NON First Strike.
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=140391802879&ssPageName=STRK:MEWAX:IT&autorefresh=true >>
linkified
Just when you thought the top had arrived, the gift just keeps on giving to those with high Mint CC bills in 2008....
Miles
I knew it would happen.
Box of 20
Eric
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=250597827631&ssPageName=STRK:MEWAX:IT
I saw that-- really pretty impressive. I think there's a premium built in for "raw" sets over ones graded 69-- people hope their raw coins might include some 70s-- which of course just creates an incentive for people to break open their 69s and sell as raw.
They do not get better than this jewel! And, she's bonafide!
<< <i>Posted on another thread. The 2009 Gold Buffalo Proofs are sold out. >>
Just checked the US mint website and the 2009 gold buffalos are still on sale.
Eric
They do not get better than this jewel! And, she's bonafide!>>>
so`s this one.
[URL=http://i41.photobucket.com/albums/e292/kidcrome/platinum/DSCN9898.jpg]
[URL=http://i41.photobucket.com/albums/e292/kidcrome/platinum/DSCN9902.jpg]
I knew it would happen.
Box of 20
[URL=http://s157.photobucket.com/albums/t67/bmartinez1971/?action=view¤t=2006W25DPCGSMS69StrikeThru.jpg]