Had a wonderful day in Boston. Talked to Eric for quite awhile, and received some valuable information. He is the best!
Visited the Mint display in Boston, and found out that they are selling the 2010 Eagle Proof at ANA at noon tomorrow in Boston. They are right next to PCGS, and not far from NGC where you can walk your coin to have it graded in 24 hours.
Yes, they are selling it tomorrow, but you are only allowed to buy one. I also asked about the MA sales tax and they said the Mint does not have to collect it. The coin is almost $1900.
I still think that we will see a FS with a lower mintage than Letitia. That key will most likely not be as attractive....may not even be worth as much.
Playing the ounce plats seems way too speculative to me. I believe the only sound way to go is the .10 & .25, specifically the 08 & 05 with a serious look at the 07 in PCGS PR70. The low mintages and the availability of FS make the 08 & 07 strong, and the small % of pr70s make the 05 look strong. I've been negative on the 97 & 98 because of their relative stratospheric mintages, but the ratio of pr70s to coins submitted is still by far the best--so I'm starting to soften. Even if you don't subscribe to the plastic/70 game, I'd still concentrate my funds on the aforementioned.
...while I'm on my soapbox, if you haven't sold the majority of your 08 buffs 2013 is coming and I'd still still put better than even money on 2013 fractional Buffs (If your that attached to the 08, you can always buy them back at a discount). jmo
To quote the great Yogi Berra, "The little plats will be good as gold someday."
Always love the chart DR! Thanks for the occasional repost.
Agree with you on the one-ounce plats. I don't see them ever going anywhere. The fractionals, though, are a whole different ballgame--more affordable, more attractive, etc...
I do have to say I think it'd be foolish to dump your buffs now. Sure, if you have extras and want some cash, but if the buffs DO come back in 2013, I'd guess some major mintage figures. But basically, I don't think we'll see them again. I know that mine are going to stay in the SDB.
Seperate from any buy-hold-sell discussion I believe the mint has made it clear in many public statements that they wish to advance the art of coin design and are looking to new designs not retreads of past designs.
If we are going to do retreads lets not forget 2014 is 150th anniversary of 2 cent piece and 2015 the 150th anniversary of the 3 cent nickel!!
Two Cent (1864-1873) Three Cent Nickel (1865-1889)
<< <i>And to think this is the "glamor shot" version of these ladies >>
Hey, those are real girls (ladies). They didn't have the cosmetics, lyposuction, plastic surgery etcetera that we have today. But then, how do we explain Hillary.
Gold and silver are valuable but wisdom is priceless.
If anyone here hasn't yet ordered Eric's EXCELLENT book, you can now preview the first 50 pages here.. You will definitely want to order after reading the preview.
Few series in US coinage history have been greeted with greater distain by the collecting community than the First Spouse series of $10 gold. Plagued by high initial cost, designs that don’t appeal to the typical collector and poor series cohesion the First Spouse issues have seen a continuous deterioration in their sales to the point that their mintages are becoming 100 year anomalies in gold.
It might be time to take a second look at these coins. 1. Series go through what the mint calls an inaugural sales spike when it first comes out and somewhere after the fourth issue or fourth year, sales have a tendency to bottom out. True to form this $10 gold series mintage numbers spiked the first 4 issues and then proceeded to crash in dramatic fashion.
2. Our friends at the Mint have to plan their planchet usage very closely these days due to limited supplier capacity and they are ordering and striking coins based on “anticipated demand”. The thing is the Mint has been seeing mint state sales for these coins in the 3-4 thousand range this year and proof sales in the 5-6 thousand range. It is possible that the last of the four coin Liberty short set has been short stuck relative to its sales potential.
3. Type coins with beautiful or Iconic images tend to pick up collector base quickly. The Hawiian half is not $3000 because it has a 10,000 mintage. The Hudson, Old Spanish Trail and many other mint marked commemoratives populate a similar rarity class but don’t command anything like the Hawaiians price. A more recent example is the $10 gold Buffalo. The Indian and Buffalo designs are considered outstanding by many and its direct similarities to the Buffalo nickel have helped produce a four fold price jump in 2 years.
4. The forth and final liberty issue coming in September is struck on a half once gold planchet, has a $10 denomination and a beautiful Coronet Head Obverse. If you cant afford the $10,000 price tag on a Cameo Proof $10 Gold Eagle struck in the late 1800s then the Bucannons Liberty may be an affordable alternative. Don’t be shocked if this coin displays completely different behavior than the other generic First Spouse issues after sales close.
5.In a recent PCGS on line survey the Liberty subset featuring 1800s obverses with presidential images on the reverse demonstrated dramatically stronger collector interest than the series in general. The good-looking Liberty short set’s potential is largely divorced from the series it inhabits.
Collector base convergence can be an important signpost of future greatness. Large denomination late 1800s Coronet Head Cameo Proof Gold is often referred to as the “Roles Royce” of American coinage and has a staggering price tag to go with it. Some classic collectors with a limited budget will want a proof Buchanan’s Liberty, four coin Liberty short set collectors will need one as will complete set First Spouse collectors. The potential convergence of multiple collector bases on one coin is a good sign as is the Mints recent tendency to strike to anticipated demand.
If you would like a Cameo Proof $10 Coronet Head Liberty and can afford it then it might be a good idea to go buy it when it comes on sale and not play an extended waiting game with the Mint. There can be times in life when unnecessary procrastination proves costly.
Re Halfstrikes pics: confirms my beliefs I said a few months ago here that a new lower mintage "Spouse" in this series is very doable (along with Eric's comments on the Mint's recent practices.)
2. Our friends at the Mint have to plan their planchet usage very closely these days due to limited supplier capacity and they are ordering and striking coins based on “anticipated demand”. The thing is the Mint has been seeing mint state sales for these coins in the 3-4 thousand range this year and proof sales in the 5-6 thousand range. It is possible that the last of the four coin Liberty short set has been short stuck relative to its sales potential.
While this will be a nice coin to collect, I think that the Mint is striking to actual demand and probably will result in a high mintage relative to the other recent issues. This may result in a flat appreciation in value above the value of the gold in the long run. This may be the first issue in quite a while to sell out before the year is out. Of course in the short run, a sell out is always good for a quick pop.
Gold and silver are valuable but wisdom is priceless.
<< <i>2. Our friends at the Mint have to plan their planchet usage very closely these days due to limited supplier capacity and they are ordering and striking coins based on “anticipated demand”. The thing is the Mint has been seeing mint state sales for these coins in the 3-4 thousand range this year and proof sales in the 5-6 thousand range. It is possible that the last of the four coin Liberty short set has been short stuck relative to its sales potential.
While this will be a nice coin to collect, I think that the Mint is striking to actual demand and probably will result in a high mintage relative to the other recent issues. This may result in a flat appreciation in value above the value of the gold in the long run. This may be the first issue in quite a while to sell out before the year is out. Of course in the short run, a sell out is always good for a quick pop. >>
Could be, its all about how many planchets they have/had on hand.
92 vette you can have the Article but please put a link to our moderns book on the site.
I Just Noticed a 2008-W $10 Gold unc. Eagle PCGS MS70 First Strike sell on E-bay for $2,850.00 ... A PCGS MS70 with no First Strike goes off in less than a day, so far is bid only to a little over a thousand $. It seems if its low mintage your crazy not to go for First strike. The problem is by the time low mintage looks good, its well past 30 days.
<< <i>I Just Noticed a 2008-W $10 Gold unc. Eagle PCGS MS70 First Strike sell on E-bay for $2,850.00 ... A PCGS MS70 with no First Strike goes off in less than a day, so far is bid only to a little over a thousand $. It seems if its low mintage, your crazy not to go for First strike. The problem is by the time low mintage looks good, its well past 30 days. >>
The E-bay non first strike sells for $ 1,486.05 --- Thats near Double for the plastic " WOW "
buy singles and keep them sealed (mailing boxes) just in case FS is a huge premium over non-FS. PCGS will accept sealed shipping boxes shipped (postmark) date to you on or before FS cutoff date - as FS eligible.
<< <i>I Just Noticed a 2008-W $10 Gold unc. Eagle PCGS MS70 First Strike sell on E-bay for $2,850.00 ... A PCGS MS70 with no First Strike goes off in less than a day, so far is bid only to a little over a thousand $. It seems if its low mintage, your crazy not to go for First strike. The problem is by the time low mintage looks good, its well past 30 days. >>
The E-bay non first strike sells for $ 1,486.05 --- Thats near Double for the plastic " WOW " >>
Meanwhile, the 2008-W $5 unc. Gold Eagle (mintage 12,657) languishes at about $400 in PCGS MS70 and around $250 in PCGS MS69. I think it's the better buy.
I'd just like to say that I've been periodically keeping up with this thread and several others, and I am so freaking amazed at the prices that sellers are offering items such as the 2008-W Double Prosperity Set and the fractional Buffaloes. I'll go ahead and admit it. I missed the boat when people advised to buy up before they dry up. I did score a 2008-w unc. $10 buff as well as a couple of the 2008-W $10 gold eagles but I can't tell you how often I cry myself to sleep wishing I did this or wishing I did that. If I may ask, is there anything left that looks as if it is a good buy now, even after a couple of years? Any info or advice would be most appreciated. Thanks. Tony.
Beer is Proof that God loves us and wants us to be happy -Benjamin Franklin-
Why in the world would anyone pay a premium for "First Strike?" We all know, every one of us, that the designation has NOTHING to do with when the coins are struck. Rather, it is when the coins are GRADED. Or to be technical, when the coins are mailed out and THEN sent to be graded. But hurry, those same coins will lose status if not sent in during the thirty day period? Gimme a break! As in the case of 2010 APE proofs, every single coin will presumably be "First Strike" eligible. It's been a few years now since this numismatic myth was exposed. Why are we still promoting First Strike silliness?
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
Comments
Visited the Mint display in Boston, and found out that they are selling the 2010 Eagle Proof at ANA at noon tomorrow in Boston. They are right next to PCGS, and not far from NGC where you can walk your coin to have it graded in 24 hours.
I thought they did not do this for coins with a household limit??!!?!
...while I'm on my soapbox, if you haven't sold the majority of your 08 buffs
To quote the great Yogi Berra, "The little plats will be good as gold someday."
Really gives you a great overview and shows the landscape well.
Agree with you on the one-ounce plats. I don't see them ever going anywhere. The fractionals, though, are a whole different ballgame--more affordable, more attractive, etc...
I do have to say I think it'd be foolish to dump your buffs now. Sure, if you have extras and want some cash, but if the buffs DO come back in 2013, I'd guess some major mintage figures. But basically, I don't think we'll see them again. I know that mine are going to stay in the SDB.
If we are going to do retreads lets not forget 2014 is 150th anniversary of 2 cent piece and 2015 the 150th anniversary of the 3 cent nickel!!
Two Cent (1864-1873)
Three Cent Nickel (1865-1889)
Now I'd buy some rolls of those................
Thanks!
<< <i>Just bought my AE Platinum Proof. $1892 + $4.95 S&H. Already says "back ordered"! Unreal. >>
Backordered doesn't have any significance for an item that just went on sale. I'm sure even the first one to order has the same status.
<< <i>Just bought my AE Platinum Proof. $1892 + $4.95 S&H. Already says "back ordered"! Unreal. >>
That's the Mint's SOP on most orders...check tomorrow for a more accurate stat.
<< <i>Check this guys feedback................
http://cgi.ebay.com/2008-W-Buffalo-Gold-4-coin-Proof-Set-Superb-Quality-/170525530636?pt=LH_DefaultDomain_0 >>
YIKES!!!
<< <i>Thanks for the chart.
Really gives you a great overview and shows the landscape well. >>
Yes, THANKS!!
I knew it would happen.
<< <i>And to think this is the "glamor shot" version of these ladies
Hey, those are real girls (ladies). They didn't have the cosmetics, lyposuction, plastic surgery etcetera that we have today. But then, how do we explain Hillary.
<< <i>Check this guys feedback................
http://cgi.ebay.com/2008-W-Buffalo-Gold-4-coin-Proof-Set-Superb-Quality-/170525530636?pt=LH_DefaultDomain_0 >>
.......................................................................................................................................................................................................
Is there any limit to how stupid Ebay buyers can be??
32 bids.......one over $6,000 from a guy with 2200 feedback.
Check final price then check sellers feedback................
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=170525530636&ssPageName=STRK:MEWAX:IT
after a few of the same feedback from different people, I'd at least suspend selling privs.
FloridaBill
The Stones Rejected By the Builders
Few series in US coinage history have been greeted with greater distain by the collecting community than the First Spouse series of $10 gold. Plagued by high initial cost, designs that don’t appeal to the typical collector and poor series cohesion the First Spouse issues have seen a continuous deterioration in their sales to the point that their mintages are becoming 100 year anomalies in gold.
It might be time to take a second look at these coins.
1. Series go through what the mint calls an inaugural sales spike when it first comes out and somewhere after the fourth issue or fourth year, sales have a tendency to bottom out. True to form this $10 gold series mintage numbers spiked the first 4 issues and then proceeded to crash in dramatic fashion.
2. Our friends at the Mint have to plan their planchet usage very closely these days due to limited supplier capacity and they are ordering and striking coins based on “anticipated demand”. The thing is the Mint has been seeing mint state sales for these coins in the 3-4 thousand range this year and proof sales in the 5-6 thousand range. It is possible that the last of the four coin Liberty short set has been short stuck relative to its sales potential.
3. Type coins with beautiful or Iconic images tend to pick up collector base quickly. The Hawiian half is not $3000 because it has a 10,000 mintage. The Hudson, Old Spanish Trail and many other mint marked commemoratives populate a similar rarity class but don’t command anything like the Hawaiians price. A more recent example is the $10 gold Buffalo. The Indian and Buffalo designs are considered outstanding by many and its direct similarities to the Buffalo nickel have helped produce a four fold price jump in 2 years.
4. The forth and final liberty issue coming in September is struck on a half once gold planchet, has a $10 denomination and a beautiful Coronet Head Obverse. If you cant afford the $10,000 price tag on a Cameo Proof $10 Gold Eagle struck in the late 1800s then the Bucannons Liberty may be an affordable alternative. Don’t be shocked if this coin displays completely different behavior than the other generic First Spouse issues after sales close.
5.In a recent PCGS on line survey the Liberty subset featuring 1800s obverses with presidential images on the reverse demonstrated dramatically stronger collector interest than the series in general. The good-looking Liberty short set’s potential is largely divorced from the series it inhabits.
Collector base convergence can be an important signpost of future greatness. Large denomination late 1800s Coronet Head Cameo Proof Gold is often referred to as the “Roles Royce” of American coinage and has a staggering price tag to go with it. Some classic collectors with a limited budget will want a proof Buchanan’s Liberty, four coin Liberty short set collectors will need one as will complete set First Spouse collectors. The potential convergence of multiple collector bases on one coin is a good sign as is the Mints recent tendency to strike to anticipated demand.
If you would like a Cameo Proof $10 Coronet Head Liberty and can afford it then it might be a good idea to go buy it when it comes on sale and not play an extended waiting game with the Mint. There can be times in life when unnecessary procrastination proves costly.
While this will be a nice coin to collect, I think that the Mint is striking to actual demand and probably will result in a high mintage relative to the other recent issues. This may result in a flat appreciation in value above the value of the gold in the long run. This may be the first issue in quite a while to sell out before the year is out. Of course in the short run, a sell out is always good for a quick pop.
<< <i>2. Our friends at the Mint have to plan their planchet usage very closely these days due to limited supplier capacity and they are ordering and striking coins based on “anticipated demand”. The thing is the Mint has been seeing mint state sales for these coins in the 3-4 thousand range this year and proof sales in the 5-6 thousand range. It is possible that the last of the four coin Liberty short set has been short stuck relative to its sales potential.
While this will be a nice coin to collect, I think that the Mint is striking to actual demand and probably will result in a high mintage relative to the other recent issues. This may result in a flat appreciation in value above the value of the gold in the long run. This may be the first issue in quite a while to sell out before the year is out. Of course in the short run, a sell out is always good for a quick pop. >>
Could be, its all about how many planchets they have/had on hand.
92 vette you can have the Article but please put a link to our moderns book on the site.
Eric
<< <i>
<< <i>Check this guys feedback................
http://cgi.ebay.com/2008-W-Buffalo-Gold-4-coin-Proof-Set-Superb-Quality-/170525530636?pt=LH_DefaultDomain_0 >>
.......................................................................................................................................................................................................
Is there any limit to how stupid Ebay buyers can be??
32 bids.......one over $6,000 from a guy with 2200 feedback.
Check final price then check sellers feedback................
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=170525530636&ssPageName=STRK:MEWAX:IT >>
link
Successful Trades: Swampboy,
<< <i>Just checked the Mint website....looks like the price of the AE Plat went down $100?! >>
FYI they lowered it around noon today.
Successful Trades: Swampboy,
<< <i>Just checked the Mint website....looks like the price of the AE Plat went down $100?! >>
FYI they lowered it around noon today. how did this happen? sorry about the doubling,
Successful Trades: Swampboy,
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=280549072300&ssPageName=ADME:B:EOIBSA:US:1123
<< <i>I Just Noticed a 2008-W $10 Gold unc. Eagle PCGS MS70 First Strike sell on E-bay for $2,850.00 ... A PCGS MS70 with no First Strike goes off in less than a day, so far is bid only to a little over a thousand $. It seems if its low mintage, your crazy not to go for First strike. The problem is by the time low mintage looks good, its well past 30 days.
The E-bay non first strike sells for $ 1,486.05 --- Thats near Double for the plastic " WOW "
Well, just Love coins, period.
<< <i>
<< <i>I Just Noticed a 2008-W $10 Gold unc. Eagle PCGS MS70 First Strike sell on E-bay for $2,850.00 ... A PCGS MS70 with no First Strike goes off in less than a day, so far is bid only to a little over a thousand $. It seems if its low mintage, your crazy not to go for First strike. The problem is by the time low mintage looks good, its well past 30 days.
The E-bay non first strike sells for $ 1,486.05 --- Thats near Double for the plastic " WOW "
Meanwhile, the 2008-W $5 unc. Gold Eagle (mintage 12,657) languishes at about $400 in PCGS MS70 and around $250 in PCGS MS69. I think it's the better buy.
My Adolph A. Weinman signature
I don't have the room to securely store unopened box after box, each having a coin that might benefit from FS some day.
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."