Such a fantastic thread!! It would be great to have the whole thing in book form. Really a fantastic, contemporary resource. >>
I agree, a lot of great information and many good tips! Speaking of which, anyone hear anything about when the 5 oz. silvers will be coming out and if the mint will issue any collectors versions?
<< <i>The US Mint sold just 4,769 of the one ounce proof coins during all of last year. >>
I predict another fast sell out.
Last Year's price was $1792 for the duration. It went on sale Dec. 3rd and went off sale in the wee early hours of Dec. 14th. (I have filled orders and "no longer avail." orders to confirm price and dates)
the best I can tell from the Mint's pricing grid and kitco.com, platinum was in the 1450-1550 range last year.
currently, it is in the 1550+ range... which would make the coin $100 more expensive than last year.
<< <i>Note: The United States Mint reserves the right to discontinue sale of gold numismatic products in the event that the selling price of United States Mint gold bullion products begin approaching the sale price of the gold numismatic products. >>
<< <i>Note: The United States Mint reserves the right to discontinue sale of gold numismatic products in the event that the selling price of United States Mint gold bullion products begin approaching the sale price of the gold numismatic products. >>
>>
That little footnote certainly makes it more interesting given the potential to pull it with low mintages. However, if it sells out in a week or so being pulled early with low numbers seems unlikely. Thanks for the info!!
The 2010 Platinum eagle one ounce proof is already for sale on Ebay, for $2650 or best offer. The seller was in such a hurry to be the first to list that he wrote persale instead of the intended presale. Ebay item link
Agree the 2008-W $10 is going to continue to rise for some time. I still haven't heard a satisfactory explanation for why the 2006-2008-w gold eagles are so popular right now, though. Promotions, or are there really that many collectors out there?
Eric's book (of course) helped with the unc W AGE's. They are obvious winners -- I'm surprised it took this long to start to blossom.
Refs: MCM,Fivecents,Julio,Robman,Endzone,Coiny,Agentjim007,Musky1011,holeinone1972,Tdec1000,Type2,bumanchu, Metalsman,Wondercoin,Pitboss,Tomohawk,carew4me,segoja,thebigeng,jlc_coin,mbogoman,sportsmod,dragon,tychojoe,Schmitz7,claychaser,and many OTHERS
<< <i>Agree the 2008-W $10 is going to continue to rise for some time. I still haven't heard a satisfactory explanation for why the 2006-2008-w gold eagles are so popular right now, though. Promotions, or are there really that many collectors out there? >>
I wish I knew the reason for the rise as well since that might help predict whether prices of the 2006-2008W gold eagles will keep rising. It's a good sign when you see dealers on the BST buying these.
According to this week's Coin World, the Mint anticipates that it can strike no more than 500,000 of the 5-ounce silver bullion America the Beautiful quarters by the end of this year. With 5 different designs to be released, this means the series key (whichever design it turns out to be) will have a mintage of 100,000 or less.
If the Mint releases them to bullion dealers at a modest markup to melt, I think it's likely that prices for at least some of these coins will spike quickly in the secondary market. A 100,000 mintage would be less than the mintage of all but two of the Silver Eagles (the 1995-W and the 2008-W reverse of 2007). I expect the number of 2010-dated bullion quarters will fall well short of demand, even if the series is only mildly popular. The 2010 issues have a good chance of becoming the keys to the entire series, since the low mintage is being caused in part by having only a few months to strike all five designs. Future issues could probably be released in larger quantities, since the Mint would have all year to strike them.
<< <i>According to this week's Coin World, the Mint anticipates that it can strike no more than 500,000 of the 5-ounce silver bullion America the Beautiful quarters by the end of this year. With 5 different designs to be released, this means the series key (whichever design it turns out to be) will have a mintage of 100,000 or less.
If the Mint releases them to bullion dealers at a modest markup to melt, I think it's likely that prices for at least some of these coins will spike quickly in the secondary market. A 100,000 mintage would be less than the mintage of all but two of the Silver Eagles (the 1995-W and the 2008-W reverse of 2007). I expect the number of 2010-dated bullion quarters will fall well short of demand, even if the series is only mildly popular. The 2010 issues have a good chance of becoming the keys to the entire series, since the low mintage is being caused in part by having only a few months to strike all five designs. Future issues could probably be released in larger quantities, since the Mint would have all year to strike them.
Thoughts? >>
Sorry, slightly off topic - but does anyone know if PCGS are going to have a special oversize holder for these 5oz coins?
I plan on buying some if the price is reasonable, which I think it will be. As Overdate indicated, it should be a short year for strikes. Next year should be very interesting if the mint comes out with proofs and uncircs.
Overdate: It would make sense that 2010 would be a "bottleneck" year due to the limited mintage time. PLUS - historically, the first year issue is often the most popular with changing reverse types.
These will have a great curiosity factor once they hit mainstream -- which translates into "want".
I posed this question on another thread of this subject:
with that low mintage what is to stop these dealers from charging and arm and a leg ?
This does pose a question: Has there been any other "bullion" mint coin that the mint distributors sold out quickly -- or was a perceived low mintage that generated inflated "wholesale" prices?
The 2009 fractional AGEs were in great demand initially, but prices seemed to stay "typical".
Refs: MCM,Fivecents,Julio,Robman,Endzone,Coiny,Agentjim007,Musky1011,holeinone1972,Tdec1000,Type2,bumanchu, Metalsman,Wondercoin,Pitboss,Tomohawk,carew4me,segoja,thebigeng,jlc_coin,mbogoman,sportsmod,dragon,tychojoe,Schmitz7,claychaser,and many OTHERS
<< <i>According to this week's Coin World, the Mint anticipates that it can strike no more than 500,000 of the 5-ounce silver bullion America the Beautiful quarters by the end of this year. With 5 different designs to be released, this means the series key (whichever design it turns out to be) will have a mintage of 100,000 or less.
If the Mint releases them to bullion dealers at a modest markup to melt, I think it's likely that prices for at least some of these coins will spike quickly in the secondary market. A 100,000 mintage would be less than the mintage of all but two of the Silver Eagles (the 1995-W and the 2008-W reverse of 2007). I expect the number of 2010-dated bullion quarters will fall well short of demand, even if the series is only mildly popular. The 2010 issues have a good chance of becoming the keys to the entire series, since the low mintage is being caused in part by having only a few months to strike all five designs. Future issues could probably be released in larger quantities, since the Mint would have all year to strike them.
Thoughts? >>
These will be kind of an odd-ball issue if you ask me and will not be worth much more than bullion value unless the mintages are less than 20K IMO. They will be kind of bulky and I am not sure many will want many coins the size of a hockey puck. They would be an interesting way to buy silver if that is what you want though.
Gold and silver are valuable but wisdom is priceless.
Refs: MCM,Fivecents,Julio,Robman,Endzone,Coiny,Agentjim007,Musky1011,holeinone1972,Tdec1000,Type2,bumanchu, Metalsman,Wondercoin,Pitboss,Tomohawk,carew4me,segoja,thebigeng,jlc_coin,mbogoman,sportsmod,dragon,tychojoe,Schmitz7,claychaser,and many OTHERS
Julia PCGS MS70FS sold for $3500 BIN. Just keep going up. I think that the buyers are nuts - taking a HUGE gamble on these things. I just bring myself to pull the trigger to sell my last one. At these prices should be a no-brainier. Is there any upwards potential left? Seems like an insane bubble/feeding frenzy on these. Unreal.
Julia PCGS MS70FS sold for $3500 BIN. Just keep going up. I think that the buyers are nuts - taking a HUGE gamble on these things. I just bring myself to pull the trigger to sell my last one. At these prices should be a no-brainier. Is there any upwards potential left? Seems like an insane bubble/feeding frenzy on these. Unreal. >>
I agree, if I had been smart enough to buy one I would be selling now. When the spouses first came out most were bashing them and I decided I would collect the liberty subset and JFKs wife and that would be it. I do not understand at all why the Julia is selling at such a price.
At these prices should be a no-brainier. Is there any upwards potential left? Seems like an insane bubble/feeding frenzy on these. Unreal.
The hope for owning the key is the ultimate score, isn't it? The series isn't yet 4 years old and the speculation is now full blown. It's especially prevalent because there aren't many other potential high value speculations available from the Mint right now.
The low mintage of these issues may be self-propagating now as more buyers keep an eye on the mintages and decide to pile in whenever the mintage is low and the coin is about to go off sale.
Still, there's another 6 years to go, and alot can happen in the meantime.
Q: Are You Printing Money? Bernanke: Not Literally
<< <i>It helps that the current key is one of the more attractive Spouse coins.
I still think the proof Julia will trade higher than the uncirculated in the long run. >>
That may be for the PCGS 70 fs but I don't think it applies to raw. It is because of the populations. It is harder to get a proof in 70 than a mint state 70.
Gold and silver are valuable but wisdom is priceless.
I'm thinking that the proof Julia will eventually trade higher than the uncirculated, regardless of grade. The two finishes are already about equal in price.
The proofs are much more attractive, and the ratio of proofs to uncircs is about 3/2 - much closer than normal. I think that speculators, for the most part, went for the uncircs and ignored the proofs. I expect that collector preferences will go in the opposite direction.
I'm sure that most of you caught the article in the Aug. 10 NN "Proof Eagles ready to take flight?" on P. 8. In article the author notes that in the TBD section of The Mint's 2010 product schedule are proof and "W" unc. ASEs and AGEs. What do you think that this will do to the vaunted 2008 W AGEs? Time to unload them at the already very hefty profit?? Will the 2008 W $10 AGE remain king??? I didn't think that the W uncs would back.
<< <i>I'm sure that most of you caught the article in the Aug. 10 NN "Proof Eagles ready to take flight?" on P. 8. In article the author notes that in the TBD section of The Mint's 2010 product schedule are proof and "W" unc. ASEs and AGEs. What do you think that this will do to the vaunted 2008 W AGEs? Time to unload them at the already very hefty profit?? Will the 2008 W $10 AGE remain king??? I didn't think that the W uncs would back. >>
If I recall correctly, the $50 one-ounce is the only uncirculated "W" gold eagle in the Mint's plans going forward. The fractionals are toast.
<< <i>I'm thinking that the proof Julia will eventually trade higher than the uncirculated, regardless of grade. The two finishes are already about equal in price.
The proofs are much more attractive, and the ratio of proofs to uncircs is about 3/2 - much closer than normal. I think that speculators, for the most part, went for the uncircs and ignored the proofs. I expect that collector preferences will go in the opposite direction. >>
I've thought this since seeing the Jefferson Liberty proof, a truly gorgeous coin. The uncs just look flat to me.
The Julia Tyler will be the lowest mintage to date. Sarah Polk which goes off sale Sept. 3 is now at 3235. The unexpected pulling of the Tylers caused this low mintage. If the mint decides to pull more in the future before a year is up from the initial sales date, it may cause even lower mintages than the Tyler. Though it looks like everyone is watching these like a hawk especially the dealers I am sure.
Comments
<< <i>Here's a good deal for someone (especially after Bing Cashback and BigCrumbs/eBates)
Jackson NGC MS69 on eBay
PS: It's not mine. >>
I think that Sat. is the last day for CashBack - BUMMER!!!!!!!!
<< <i>8000! >>
Such a fantastic thread!! It would be great to have the whole thing in book form. Really a fantastic, contemporary resource.
<< <i>
<< <i>8000! >>
Such a fantastic thread!! It would be great to have the whole thing in book form. Really a fantastic, contemporary resource. >>
I agree, a lot of great information and many good tips! Speaking of which, anyone hear anything about when the 5 oz. silvers will be coming out and if the mint will issue any collectors versions?
talking about 2008:
<< <i>The US Mint sold just 4,769 of the one ounce proof coins during all of last year. >>
I predict another fast sell out.
Last Year's price was $1792 for the duration. It went on sale Dec. 3rd and went off sale in the wee early hours of Dec. 14th.
(I have filled orders and "no longer avail." orders to confirm price and dates)
the best I can tell from the Mint's pricing grid and kitco.com, platinum was in the 1450-1550 range last year.
currently, it is in the 1550+ range... which would make the coin $100 more expensive than last year.
a BIG PostScript: the Mint has their New and Improved 'Pricing Criteria' on page 1 of the pricing grid.
<< <i>a BIG PostScript: the Mint has their New and Improved 'Pricing Criteria' on page 1 of the pricing grid. >>
and a nice little footnote of their own:
<< <i>Note: The United States Mint reserves the right to discontinue sale of gold numismatic
products in the event that the selling price of United States Mint gold bullion products
begin approaching the sale price of the gold numismatic products. >>
<< <i>
<< <i>a BIG PostScript: the Mint has their New and Improved 'Pricing Criteria' on page 1 of the pricing grid. >>
and a nice little footnote of their own:
<< <i>Note: The United States Mint reserves the right to discontinue sale of gold numismatic
products in the event that the selling price of United States Mint gold bullion products
begin approaching the sale price of the gold numismatic products. >>
>>
That little footnote certainly makes it more interesting given the potential to pull it with low mintages. However, if it sells out in a week or so being pulled early with low numbers seems unlikely. Thanks for the info!!
buff
<< <i>Julia Tyler PCGS MS70 sells on E-bay for $2,600.00 --- NGC Sells for $ 1,474.01 What a difference !!!
A PCGS PR70DCAM Julia (non-First Strike) recently brought $2,501, compared to a PCGS PR69DCAM First Strike at only $995.
This is a 2.5 to 1 price ratio between the two grades!
My Adolph A. Weinman signature
<< <i>Agree the 2008-W $10 is going to continue to rise for some time. I still haven't heard a satisfactory explanation for why the 2006-2008-w gold eagles are so popular right now, though. Promotions, or are there really that many collectors out there? >>
I wish I knew the reason for the rise as well since that might help predict whether prices of the 2006-2008W gold eagles will keep rising. It's a good sign when you see dealers on the BST buying these.
<< <i>$100 over melt for a PCGS MS70 FS 2010 Buffalo at AMPEX. Not bad if your looking for one, or even if you were not looking for one.
buff >>
Got the email from APMEX yesterday & my compulsive buying habit decided "must have one..to good to pass up".
<< <i>$100 over melt for a PCGS MS70 FS 2010 Buffalo at AMPEX. Not bad if your looking for one, or even if you were not looking for one.
buff >>
He who hesitated on this deal...lost out. It took less then 2 days to sell out this product.
If the Mint releases them to bullion dealers at a modest markup to melt, I think it's likely that prices for at least some of these coins will spike quickly in the secondary market. A 100,000 mintage would be less than the mintage of all but two of the Silver Eagles (the 1995-W and the 2008-W reverse of 2007). I expect the number of 2010-dated bullion quarters will fall well short of demand, even if the series is only mildly popular. The 2010 issues have a good chance of becoming the keys to the entire series, since the low mintage is being caused in part by having only a few months to strike all five designs. Future issues could probably be released in larger quantities, since the Mint would have all year to strike them.
Thoughts?
My Adolph A. Weinman signature
<< <i>According to this week's Coin World, the Mint anticipates that it can strike no more than 500,000 of the 5-ounce silver bullion America the Beautiful quarters by the end of this year. With 5 different designs to be released, this means the series key (whichever design it turns out to be) will have a mintage of 100,000 or less.
If the Mint releases them to bullion dealers at a modest markup to melt, I think it's likely that prices for at least some of these coins will spike quickly in the secondary market. A 100,000 mintage would be less than the mintage of all but two of the Silver Eagles (the 1995-W and the 2008-W reverse of 2007). I expect the number of 2010-dated bullion quarters will fall well short of demand, even if the series is only mildly popular. The 2010 issues have a good chance of becoming the keys to the entire series, since the low mintage is being caused in part by having only a few months to strike all five designs. Future issues could probably be released in larger quantities, since the Mint would have all year to strike them.
Thoughts? >>
Sorry, slightly off topic - but does anyone know if PCGS are going to have a special oversize holder for these 5oz coins?
PLUS - historically, the first year issue is often the most popular with changing reverse types.
These will have a great curiosity factor once they hit mainstream -- which translates into "want".
I posed this question on another thread of this subject:
with that low mintage what is to stop these dealers from charging and arm and a leg ?
This does pose a question: Has there been any other "bullion" mint coin that the mint distributors
sold out quickly -- or was a perceived low mintage that generated inflated "wholesale" prices?
The 2009 fractional AGEs were in great demand initially, but prices seemed to stay "typical".
<< <i>According to this week's Coin World, the Mint anticipates that it can strike no more than 500,000 of the 5-ounce silver bullion America the Beautiful quarters by the end of this year. With 5 different designs to be released, this means the series key (whichever design it turns out to be) will have a mintage of 100,000 or less.
If the Mint releases them to bullion dealers at a modest markup to melt, I think it's likely that prices for at least some of these coins will spike quickly in the secondary market. A 100,000 mintage would be less than the mintage of all but two of the Silver Eagles (the 1995-W and the 2008-W reverse of 2007). I expect the number of 2010-dated bullion quarters will fall well short of demand, even if the series is only mildly popular. The 2010 issues have a good chance of becoming the keys to the entire series, since the low mintage is being caused in part by having only a few months to strike all five designs. Future issues could probably be released in larger quantities, since the Mint would have all year to strike them.
Thoughts? >>
These will be kind of an odd-ball issue if you ask me and will not be worth much more than bullion value unless the mintages are less than 20K IMO. They will be kind of bulky and I am not sure many will want many coins the size of a hockey puck. They would be an interesting way to buy silver if that is what you want though.
$5,295 for a Julia PCGS FS PR70!! Several big sales today -- WOW. A second one a few minutes later for $4299. Several Letitias too.
eBay link
What are the pops of the PCGS FS Proof and MS Julias?
Thanks.
<< <i>WHAT THE ??
$5,295 for a Julia PCGS FS PR70!! Several big sales today -- WOW. A second one a few minutes later for $4299. Several Letitias too.
eBay link >>
Meanwhile, several Julia PCGS FS PR69's have recently sold for less than $1000 each. That's a *huge* premium for a 70!
My Adolph A. Weinman signature
<< <i>
<< <i>WHAT THE ??
$5,295 for a Julia PCGS FS PR70!! Several big sales today -- WOW. A second one a few minutes later for $4299. Several Letitias too.
eBay link >>
Meanwhile, several Julia PCGS FS PR69's have recently sold for less than $1000 each. That's a *huge* premium for a 70! >>
Idiots, playing the registry game. A fool and his money are soon parted.
I just traded some commom date proof plats for some of the lower pop coins you highlighted in your book...
So if this doesn't work out, I'm telling my wife it's your fault!!!
Julia PCGS MS70FS sold for $3500 BIN. Just keep going up. I think that the buyers are nuts - taking a HUGE gamble on these things. I just bring myself to pull the trigger to sell my last one. At these prices should be a no-brainier. Is there any upwards potential left? Seems like an insane bubble/feeding frenzy on these. Unreal.
<< <i>http://cgi.ebay.com/2009-W-Julia-Tyler-PCGS-MS70-FIRST-STRIKE-Spouse-10-/160464577157?pt=Coins_US_Individual
Julia PCGS MS70FS sold for $3500 BIN. Just keep going up. I think that the buyers are nuts - taking a HUGE gamble on these things. I just bring myself to pull the trigger to sell my last one. At these prices should be a no-brainier. Is there any upwards potential left? Seems like an insane bubble/feeding frenzy on these. Unreal. >>
I agree, if I had been smart enough to buy one I would be selling now. When the spouses first came out most were bashing them and I decided I would collect the liberty subset and JFKs wife and that would be it. I do not understand at all why the Julia is selling at such a price.
linky to sale
<< <i>WHAT THE ??
$5,295 for a Julia PCGS FS PR70!! Several big sales today -- WOW. A second one a few minutes later for $4299. Several Letitias too.
eBay link >>
Yup looks like a BIN with 3 avail, 3 sold.
The hope for owning the key is the ultimate score, isn't it? The series isn't yet 4 years old and the speculation is now full blown. It's especially prevalent because there aren't many other potential high value speculations available from the Mint right now.
The low mintage of these issues may be self-propagating now as more buyers keep an eye on the mintages and decide to pile in whenever the mintage is low and the coin is about to go off sale.
Still, there's another 6 years to go, and alot can happen in the meantime.
I knew it would happen.
wow.
I hope they are spending money they won't miss.
I still think the proof Julia will trade higher than the uncirculated in the long run.
My Adolph A. Weinman signature
<< <i>It helps that the current key is one of the more attractive Spouse coins.
I still think the proof Julia will trade higher than the uncirculated in the long run. >>
That may be for the PCGS 70 fs but I don't think it applies to raw. It is because of the populations. It is harder to get a proof in 70 than a mint state 70.
The proofs are much more attractive, and the ratio of proofs to uncircs is about 3/2 - much closer than normal. I think that speculators, for the most part, went for the uncircs and ignored the proofs. I expect that collector preferences will go in the opposite direction.
My Adolph A. Weinman signature
Thanks!!!
<< <i>I'm sure that most of you caught the article in the Aug. 10 NN "Proof Eagles ready to take flight?" on P. 8. In article the author notes that in the TBD section of The Mint's 2010 product schedule are proof and "W" unc. ASEs and AGEs. What do you think that this will do to the vaunted 2008 W AGEs? Time to unload them at the already very hefty profit?? Will the 2008 W $10 AGE remain king??? I didn't think that the W uncs would back. >>
If I recall correctly, the $50 one-ounce is the only uncirculated "W" gold eagle in the Mint's plans going forward. The fractionals are toast.
My Adolph A. Weinman signature
Thats the last info I had. $50 unc gold should be back as will the ASE unc W.
<< <i>I'm thinking that the proof Julia will eventually trade higher than the uncirculated, regardless of grade. The two finishes are already about equal in price.
The proofs are much more attractive, and the ratio of proofs to uncircs is about 3/2 - much closer than normal. I think that speculators, for the most part, went for the uncircs and ignored the proofs. I expect that collector preferences will go in the opposite direction. >>
I've thought this since seeing the Jefferson Liberty proof, a truly gorgeous coin. The uncs just look flat to me.
Box of 20
http://cgi.ebay.com/2008-W-Buffalo-Gold-4-coin-Proof-Set-Superb-Quality-/170525530636?pt=LH_DefaultDomain_0
As far as the Julia mintage, what is left to say?
It is the lowest for UNC and Proof, it has the best appearance (so far), and it is GOLD.
AND she is not Platinum, which still struggles at similar mintage numbers.
Miles
<< <i>Great work Eric >>
Allow me to be the first...