Sorry but I haven't been to the Mint website or this forum for quite a while. I just noticed that the AE gold proof coins will be going on sale October 7th. I am thinking about picking up the 4 coin set. Anyone have any opinion/WAG's about what the price might be? Any opinions on the mintage? Is 39,000 high, low....?
My two Buch uncs shipped today. The Mint rep. said that they were doing inventory last week and no orders were shipped. Looks like the Van Burens will rule.
<< <i>My two Buch uncs shipped today. The Mint rep. said that they were doing inventory last week and no orders were shipped. Looks like the Van Burens will rule. >>
Do you mean they are new stock? Can you let us know if they are returns or not when you received them?
I ordered them about 10 hours after the Uncs went red. The expected ship date kept creeping up and then they just shipped. I'll let you know how they look as soon as they arrive.
To the extent that it's even possible, I think that the new Mint contractor takes even longer to process and credit refunds than the old one - good grief!. Only the Govt.....
Does somebody have the chart showing how the Mint prices their gold products? I can never find it on their website. Thanks,
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
<< <i><< And to recall getting a 2006 one ounce gold buffalo from the Mint for $800 a few short years ago. Where is that time machine? >>
Time machines are so yesterday! >>
Its like deja vu all over again!!!!
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
Are you speaking of premium over spot gold or premium of PR70DCAM over PR69DCAM??
Personally I have never understood why there is any premium beyond say 5-10% for various modern gold pieces where almost 50% of pieces minted grade MS/PR70.
The UHR are a prime example..............You would be better off buying 2-3 raw and having them graded and then sell any that don't score 70.
A far, far cheaper approach than paying the current market place premium for a slabbed MS70.
For the proof AGE about to be released only fools would pay a greater than $50-$100 premium for PR70s.
You could buy directly from mint and have an appox. 50% chance of getting a PR70 for 1 coin.
75% of getting one if you bought 2 with a 25% chance of getting 2 for 2 PR70s.
That is about right for a First Spouse coins where to date it looks like around 25% grade MS70 or PR70.
I guess my point is that for many common, modern gold, silver and platinum coins the premium for 69 vs. 70 examples should roughly reflect their relative probability of achieving a 69 vs. 70 grade divided into the for cost of grading, S/H and perhaps a small premium for hassle factor(effort to make submissions).
For a coin such as the UHR where appox. 60% grade MS70 the relative premium for a MS70 example should be smaller than for example the First Spouse coins where only 25% seem to grade MS/PR70.
In the last 5-10 years the US Mint quality has improved to the point where 70 graded examples in most series are not at all scarce or difficult to achieve on submissions.
Certainly coins from 1980s and 1990s were in general less likely to score MS/PR70 on submissions than what we see today.
<< <i>Are you speaking of premium over spot gold or premium of PR70DCAM over PR69DCAM??
Personally I have never understood why there is any premium beyond say 5-10% for various modern gold pieces where almost 50% of pieces minted grade MS/PR70.
The UHR are a prime example..............You would be better off buying 2-3 raw and having them graded and then sell any that don't score 70.
A far, far cheaper approach than paying the current market place premium for a slabbed MS70.
For the proof AGE about to be released only fools would pay a greater than $50-$100 premium for PR70s.
You could buy directly from mint and have an appox. 50% chance of getting a PR70 for 1 coin.
75% of getting one if you bought 2 with a 25% chance of getting 2 for 2 PR70s. >>
Primarily the 70/69 premium. It was maybe a year ago that the 70s could be had for 1500, and a 69 was 1350 or something.
now they are both around 1500?? There is no gap on the 70s and 69s? Is this an anomoly or is the market in general priced this way now?
The premiums dropped as soon as the U.S Mint announced the 2010 AGE's last month. Dealers were paying between 1,800-2,000 an ounce on proofs then the news release came out and they dropped there bids.
Premiums on the Buffalo proofs were never as high as for the Gold Eagles. I believe the difference is that Buffaloes were not allowed in IRAs. The narrowing of the premium gap between 69 and 70 is probably due to the rising gold price.
I don't think the sellers care, if they bought these from the mint in 06 they made a good profit in gold content alone. I believe these are coming out of the woodwork to take the profit tied up in these bullion coins. Those that sold their Jefferson Spouse Gold a few years ago for spot, could have made a killing today. But no one knows what will happen with the price of gold. Those selling today may regret it next year if gold reaches 2-3K an ounce. But the dollar would be worth crap by then is my belief. At least now the dollar still has some legs and their is no hyperinflation yet to destroy your profit. I would rather have my dollars today than if gold hits 3K (perhaps a hyperinflationary event) when you have to use more of your dollars to buy something if you sell your gold. JMHO.
<< <i>I don't think the sellers care, if they bought these from the mint in 06 they made a good profit in gold content alone. I believe these are coming out of the woodwork to take the profit tied up in these bullion coins. Those that sold their Jefferson Spouse Gold a few years ago for spot, could have made a killing today. But no one knows what will happen with the price of gold. Those selling today may regret it next year if gold reaches 2-3K an ounce. But the dollar would be worth crap by then is my belief. At least know the dollar still has some legs and their is no hyperinflation yet to destroy your profit. I would rather have my dollars today than if gold hits 3K (perhaps a hyperinflationary event) when you have to use more of your dollars to buy something if you sell your gold. JMHO. >>
And now the Fed says they will use a little inflation to help the economy. Imagine how high the metals will reach with the Fed's help.
<< <i>My two Buch uncs shipped today. The Mint rep. said that they were doing inventory last week and no orders were shipped. Looks like the Van Burens will rule. >>
Do you mean they are new stock? Can you let us know if they are returns or not when you received them? >>
I received them today (missed them the past two days, not home to sigh). I've examined them in great detail w/a loupe. They are both absolutely flawless - stunning. Definitely NOT returns. Both capsules were floating in the box but were intact.
With the price gap between gold and platinum currently $338/oz is gold too high or platinum too low? Which is the better buy at this time? Opinions and insight welcomed
"When the people fear their government, there is tyranny; when the government fears the people, there is liberty." Thomas Jefferson
With the price gap between gold and platinum currently $338/oz is gold too high or platinum too low? Which is the better buy at this time? Opinions and insight welcomed
<< <i>With the price gap between gold and platinum currently $338/oz is gold too high or platinum too low? Which is the better buy at this time? Opinions and insight welcomed >>
platinum has been more affected by the economy and industrial uses. the global slowdown is supposedly holding it back.
I wonder how much of the stuff is available globally as compared to gold....
I just finished reading your book, "Modern Commemorative Coins". I wished I found it 3 years ago. I have a much better chance of not getting burned (or not get cheated) in Modern coins than in "classic coins" as a newbie to this hobby. I have read 4-5 books and I like yours and Travers's "Coin Collector's Survival Manual". I am a kind of person, "shoot first' and 'learn later'. Well, got burned pretty good. That was before reading those books. Thank you and Great job!
<< <i>It has been strangely quiet here lately. Is no news good news? Or just no news?? >>
Calm before the storm. Buchanan's Liberty gold has its own semi-active thread. Waiting for release of hockey pucks and proof ASEs. >>
Yes -- strangely silent. Speaking of pucks, I'm surprised THIS ARTICLE didn't show up by now from Coin World on 5 oz silver ATB production. Quite an interesting process.
I admit, these coins look VERY nice...
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, Bullsitter, robeck, Nickpatton, jwitten, and many OTHERS
I forgot this was a subscription, I got this quite a while ago. Brain fart.
Regardless, I suggest picking up a copy of this edition for the process, pics, etc. I can't copy / paste.
The article stated that the Mint has produced 24,000 of the Hot Springs coins to date, along with 5,000 each of the other 4 ATB coins for this year. The coins are being struck at 22 coins per minute on the new Grabener presses, with two strikes per coin at 450 to 500 metric tons of pressure per strike. The blank planchets are fed into the press manually by the operator one at a time (not quite sure how this produces 22 coins/min, but that's what it states). After striking, one of every 16 coins is manually inspected for quality control before being placed in 10-coin tubes for distribution. There is also a good description of the new computerized die cutting process (bypassing hubbing) to create the dies. Of course, there is much more detail, but this is a brief synopsis.
There is also a short article stating that NGC, PCGS and ANACS will all be certifying these with new holders. ICG will not for this year -- their holders are not yet ready.
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, Bullsitter, robeck, Nickpatton, jwitten, and many OTHERS
Never count out the "big boys" - those $100 1 oz'ers! While the mintages might be a bit higher, the demand is a bit higher as well. And, just like real estate... demand, demand and demand drives the platinum complex IMHO! Which is also a good argument why those little $10 coins are worth holding on to as well.
So, why does the 2004 Proof Plat set with a mintage of 5,000 sets sell for nearly 50%+ more than the 2006(w) MS Plat set with a mintage of just over 2,500 sets? DEMAND of course, BUT, how long can a mintage of a scant 2,500-3,750 for all 4 coins in the set be ignored? The $50 2006-w Plat with a mintage just over 2,500 sells for around $1,500. Meanwhile, the J. Robinson coin with a mintage of roughly 2x that coin now sells for nearly 3x as much (and, I am not questioning the value of the JR coin here at all)! Not to say that $50 2006-W Plat will be a $10,000 coin any time soon - but, you might want to have one on hand when you grandkids ask you down the road if you were collecting when the US Mint produced the lowest mintage type coin in around 90 years! Wondercoin >>
Another point to consider when comparing the J. Robinson with the $50 or $25 2006-W platinum coins is the base metal value and numismatic premium.
At current prices 90%+ of the JR coin represents numismatic premium where as for the platinum coins it is closer to 50-50 for base metal value-numismatic premium.
I made some good points in that previous quote if I must say so myself.... and then along came the 08-W burnished plats and put another dagger in the heart of the 06-W burnished plats! Now the gradkids might be asking about 08-W plats, not 06-W!! LOL.
Wondercoin
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
<< <i>Is the mint issuing anything worth buying the rest of this year? >>
There are ASE proofs coming out Nov 19th
I think the 5oz ATB coins will be hot. Potential for a smaller run than next year's releases and potential for it being the only year with a 3 inch diameter** (**pending legislation)
Then there is the Mary Todd Lincoln First Spouse which may be lukewarm to hot.
I agree that all of these will attract some interest. Perhaps the ASE will be the only one that has long-term numismatic interest, but who knows? It's hard to view the hockey pucks as real coins, and I would think the Lincoln issue will be large enough to thwart long-term interest, but who knows?
I think you will be using a $300 (minimum) beverage coaster if you do. This is the only 5 ounce coin the Mint will ever make. Every type collector will need one, not to mention all the flippers driving the price. $300 may be a low number when all is said and done. However, we will have to wait another 4 or 5 months for these coins.
Retired United States Mint guy, now working on an Everyman Type Set.
Comments
IMO - 'cause thats where this is heading.
<< <i>
<< <i>This image was just posted in Numismatic News of the coin, provided by the Mint.
Sounds like production started on Sept 20. From the photo, looks like a decent coin.
Full article is HERE >>
And silver is at a 30 year high. >>
It's a bummer that these will be issued when silver is so high...
1. 2010 AGE
2. 2010 ASE
3. 5 Oz Silver bullion quarter
4. Mary Todd Lincoln first spouse gold
<< <i>My two Buch uncs shipped today. The Mint rep. said that they were doing inventory last week and no orders were shipped. Looks like the Van Burens will rule. >>
Do you mean they are new stock? Can you let us know if they are returns or not when you received them?
<< <i> >>
Thanks,
mint link
JH
Proof Buffalo Registry Set
Capped Bust Quarters Registry Set
Proof Walking Liberty Halves Registry Set
If gold is over $1350 by next Tuesday, prices from the Mint will likely jump again. The gold price is pretty close now.
My Adolph A. Weinman signature
<< <i>Buchanans now $816 and $829 at the Mint's website.
If gold is over $1350 by next Tuesday, prices from the Mint will likely jump again. The gold price is pretty close now. >>
And to recall getting a 2006 one ounce gold buffalo from the Mint for $800 a few short years ago. Where is that time machine?
Time machines are so yesterday!
My Adolph A. Weinman signature
<< <i><< And to recall getting a 2006 one ounce gold buffalo from the Mint for $800 a few short years ago. Where is that time machine? >>
Time machines are so yesterday!
Its like deja vu all over again!!!!
06W PR69DCam Buff
06W PR70DCam Buff
Are these anomolies, or is this typical of the market ????
Personally I have never understood why there is any premium beyond say 5-10% for various modern gold pieces where almost 50% of pieces minted grade MS/PR70.
The UHR are a prime example..............You would be better off buying 2-3 raw and having them graded and then sell any that don't score 70.
A far, far cheaper approach than paying the current market place premium for a slabbed MS70.
For the proof AGE about to be released only fools would pay a greater than $50-$100 premium for PR70s.
You could buy directly from mint and have an appox. 50% chance of getting a PR70 for 1 coin.
75% of getting one if you bought 2 with a 25% chance of getting 2 for 2 PR70s.
I guess my point is that for many common, modern gold, silver and platinum coins the premium for 69 vs. 70 examples should roughly reflect their relative probability of achieving a 69 vs. 70 grade divided into the for cost of grading, S/H and perhaps a small premium for hassle factor(effort to make submissions).
For a coin such as the UHR where appox. 60% grade MS70 the relative premium for a MS70 example should be smaller than for example the First Spouse coins where only 25% seem to grade MS/PR70.
In the last 5-10 years the US Mint quality has improved to the point where 70 graded examples in most series are not at all scarce or difficult to achieve on submissions.
Certainly coins from 1980s and 1990s were in general less likely to score MS/PR70 on submissions than what we see today.
<< <i>Are you speaking of premium over spot gold or premium of PR70DCAM over PR69DCAM??
Personally I have never understood why there is any premium beyond say 5-10% for various modern gold pieces where almost 50% of pieces minted grade MS/PR70.
The UHR are a prime example..............You would be better off buying 2-3 raw and having them graded and then sell any that don't score 70.
A far, far cheaper approach than paying the current market place premium for a slabbed MS70.
For the proof AGE about to be released only fools would pay a greater than $50-$100 premium for PR70s.
You could buy directly from mint and have an appox. 50% chance of getting a PR70 for 1 coin.
75% of getting one if you bought 2 with a 25% chance of getting 2 for 2 PR70s. >>
Primarily the 70/69 premium. It was maybe a year ago that the 70s could be had for 1500, and a 69 was 1350 or something.
now they are both around 1500?? There is no gap on the 70s and 69s? Is this an anomoly or is the market in general priced this way now?
Successful Trades: Swampboy,
My Adolph A. Weinman signature
Box of 20
<< <i>I don't think the sellers care, if they bought these from the mint in 06 they made a good profit in gold content alone. I believe these are coming out of the woodwork to take the profit tied up in these bullion coins. Those that sold their Jefferson Spouse Gold a few years ago for spot, could have made a killing today. But no one knows what will happen with the price of gold. Those selling today may regret it next year if gold reaches 2-3K an ounce. But the dollar would be worth crap by then is my belief. At least know the dollar still has some legs and their is no hyperinflation yet to destroy your profit. I would rather have my dollars today than if gold hits 3K (perhaps a hyperinflationary event) when you have to use more of your dollars to buy something if you sell your gold. JMHO. >>
And now the Fed says they will use a little inflation to help the economy. Imagine how high the metals will reach with the Fed's help.
<< <i>
<< <i>My two Buch uncs shipped today. The Mint rep. said that they were doing inventory last week and no orders were shipped. Looks like the Van Burens will rule. >>
Do you mean they are new stock? Can you let us know if they are returns or not when you received them? >>
I received them today (missed them the past two days, not home to sigh). I've examined them in great detail w/a loupe. They are both absolutely flawless - stunning. Definitely NOT returns. Both capsules were floating in the box but were intact.
My reply is found here:
Precious Metals Forum - Welcome!
I knew it would happen.
<< <i>With the price gap between gold and platinum currently $338/oz is gold too high or platinum too low? Which is the better buy at this time? Opinions and insight welcomed
platinum has been more affected by the economy and industrial uses. the global slowdown is supposedly holding it back.
I wonder how much of the stuff is available globally as compared to gold....
<< <i>It has been strangely quiet here lately. Is no news good news? Or just no news??
Calm before the storm. Buchanan's Liberty gold has its own semi-active thread. Waiting for release of hockey pucks and proof ASEs.
My Adolph A. Weinman signature
I just finished reading your book, "Modern Commemorative Coins". I wished I found it 3 years ago. I have a much better chance of not getting burned (or not get cheated) in Modern coins than in "classic coins" as a newbie to this hobby. I have read 4-5 books and I like yours and Travers's "Coin Collector's Survival Manual". I am a kind of person, "shoot first' and 'learn later'. Well, got burned pretty good. That was before reading those books. Thank you and Great job!
<< <i>
<< <i>It has been strangely quiet here lately. Is no news good news? Or just no news??
Calm before the storm. Buchanan's Liberty gold has its own semi-active thread. Waiting for release of hockey pucks and proof ASEs. >>
Yes -- strangely silent. Speaking of pucks, I'm surprised THIS ARTICLE didn't show up by now from Coin World on 5 oz silver ATB production. Quite an interesting process.
I admit, these coins look VERY nice...
Miles
I forgot this was a subscription, I got this quite a while ago. Brain fart.
Regardless, I suggest picking up a copy of this edition for the process, pics, etc. I can't copy / paste.
The article stated that the Mint has produced 24,000 of the Hot Springs coins to date, along with 5,000 each of the other 4 ATB coins for this year. The coins are being struck at 22 coins per minute on the new Grabener presses, with two strikes per coin at 450 to 500 metric tons of pressure per strike. The blank planchets are fed into the press manually by the operator one at a time (not quite sure how this produces 22 coins/min, but that's what it states). After striking, one of every 16 coins is manually inspected for quality control before being placed in 10-coin tubes for distribution. There is also a good description of the new computerized die cutting process (bypassing hubbing) to create the dies. Of course, there is much more detail, but this is a brief synopsis.
There is also a short article stating that NGC, PCGS and ANACS will all be certifying these with new holders. ICG will not for this year -- their holders are not yet ready.
I will look out for the article; although, I think you summarized well for me.
Miles
<< <i>Good job Eric!
Never count out the "big boys" - those $100 1 oz'ers! While the mintages might be a bit higher, the demand is a bit higher as well. And, just like real estate... demand, demand and demand drives the platinum complex IMHO! Which is also a good argument why those little $10 coins are worth holding on to as well.
So, why does the 2004 Proof Plat set with a mintage of 5,000 sets sell for nearly 50%+ more than the 2006(w) MS Plat set with a mintage of just over 2,500 sets? DEMAND of course, BUT, how long can a mintage of a scant 2,500-3,750 for all 4 coins in the set be ignored? The $50 2006-w Plat with a mintage just over 2,500 sells for around $1,500. Meanwhile, the J. Robinson coin with a mintage of roughly 2x that coin now sells for nearly 3x as much (and, I am not questioning the value of the JR coin here at all)! Not to say that $50 2006-W Plat will be a $10,000 coin any time soon - but, you might want to have one on hand when you grandkids ask you down the road if you were collecting when the US Mint produced the lowest mintage type coin in around 90 years! Wondercoin >>
.........................................................................................................................................................................................................................
Another point to consider when comparing the J. Robinson with the $50 or $25 2006-W platinum coins is the base metal value and numismatic premium.
At current prices 90%+ of the JR coin represents numismatic premium where as for the platinum coins it is closer to 50-50 for base metal value-numismatic premium.
Wondercoin
<< <i>Is the mint issuing anything worth buying the rest of this year?
Nope -- the State Quarter Spoons are long gone!
My Adolph A. Weinman signature
<< <i>Is the mint issuing anything worth buying the rest of this year?
There are ASE proofs coming out Nov 19th
I think the 5oz ATB coins will be hot. Potential for a smaller run than next year's releases and potential for it being the only year with a 3 inch diameter** (**pending legislation)
Then there is the Mary Todd Lincoln First Spouse which may be lukewarm to hot.
Especially when I set my morning coffee on them. I need some new beverage coasters.