Does anyone have the latest numbers for the 2011 W $50 AGE Unc.? I can't find the Mint Stats in the 9/6 issue of NN which arrived today (did they forget it??). Thanks!
<< <i>Since, I don't want to start a thread just to ask this question, I figured this would be the topic to ask it. I have a sealed gold eagle set from a few years ago, less than five I believe. It's not a proof set but I don't remember the year I got it. Is there anything on the outside label that can tell me what year the set is? >>
There isn't a postmark on the box? >>
Good idea. I didn't think of it at all. I'll try MsMorrisine's idea if I don't see one. Thanks you two.
Re: 2008. That was one wild year. I was just trying to add the APEs to my collection, not for speculation, and also ended up buying the $50 proof at maximum price. Fortunately, I also returned the burnished uncs and was able to buy the $50, $25, and a $25 proof for the same price I paid for the $50 proof a few months earlier.
Add in the buffaloes and burnished unc gold eagles, and I doubt any of us will see another year like it from the Mint. This, BTW, is why I never complain about the Mint's erratic behavior. If they were truly on top of things, and understood collectors, we just wouldn't ever have these opportunities.
This, BTW, is why I never complain about the Mint's erratic behavior. If they were truly on top of things, and understood collectors, we just wouldn't ever have these opportunities. >>
Yeah, the Mint is the only Federal operation where incompetence can be a positive.
Gold and silver are valuable but wisdom is priceless.
I bought both the Proof and Unc Plats early on and kept them instead of returning them. I was gambling on the mintage and speculating on whether or not they would be put back on sale.
Of course, I got it wrong - but the price increases have bailed me out to the extent that I can still recoup my capital - or at least get my money out and have some kind of tax offset if I don't quite get it all out.
As it turns out, it was still a reasonably good speculation even without the grand-slam home run. I still like the low, low mintages on 2008 Plats. In fact, I did "average in" by buying some more of them when they went back on sale at half-price later in the year. It was a very odd year - the kind of year I'm lying in wait for to happen once again.
Q: Are You Printing Money? Bernanke: Not Literally
Add in the buffaloes and burnished unc gold eagles, and I doubt any of us will see another year like it from the Mint. This, BTW, is why I never complain about the Mint's erratic behavior. If they were truly on top of things, and understood collectors, we just wouldn't ever have these opportunities. >>
<< <i>2008 was a very strange year for platinum eagles. When the proofs came out spot prices were sky high and a 4 coin set was around $4K as I recall.
I bit off a big chunck of proofs and in very early July a big chunck of 2008-W burnished.
By late July spot prices had crashed and while it was too late to return the proofs I had to decide what to do with the burnished sets and singles.
I knew sales had to be very low so potential FS labels for the burnished would be rare, however by the end of July I was, as I recall, looking at an almost $1000+ per set decline for base metal value of each 4 coin set.
Also remember at that time there was a 30 day return option and no reason to think the APEs would be pulled only to later be re-introduced at lower price.
So the delemia................Submit the sealed Uncirculated APEs for grading and FS labels knowing the FS labels would be rare but also knowing all those 50-75% of coins that graded MS69s or less would not be back in time to return to mint and would by early August have an almost 40% decline in spot value costing me thousands or whether to go ahead and open most of the sets, return the obvious MS69 or lower coins to the mint and be happy to keep the 'pick of the litter' for later submission but without FS labels.
All of this also occurred during a period of time when there was great confusion and flip-flopping by PCGS over whether colector club members could even submit for FS labeling.
In the end the coin collector in me over came the paper label collector and I returned enough 2008-W APEs to save 50+K based on spot metal difference from early July to early August. (Check Kitco historical prices to see the truely dramatic decline in platinum prices during that 30 day period.)
I will mention all this was too late for the Proof APEs which have sat quietly to the side, sealed away til their at times indecisive owner got off his duff to submit them. >>
Thanks for the great post!
Well, just Love coins, period.
<< <i>I would not trade my ungraded Jackie (likely an MS69) for any of the spouses. Those IMO are late date US Mint/Franklin Mint products that are the numismatic equivalent of Postal Service commem stamps regardless of mintage. >>
Agreed, just an ugly idea and design. Right up there with the flip up 9/11 coin for sale on TV.
Successful card BST transactions with cbcnow, brogurt, gstarling, Bravesfan 007, and rajah 424.
<< <i>I would not trade my ungraded Jackie (likely an MS69) for any of the spouses. Those IMO are late date US Mint/Franklin Mint products that are the numismatic equivalent of Postal Service commem stamps regardless of mintage. >>
I paid $4700 for my NGC Jackie MS70 at the Balto. show a few years ago. Getting nervous.
<< <i>
<< <i>I would not trade my ungraded Jackie (likely an MS69) for any of the spouses. Those IMO are late date US Mint/Franklin Mint products that are the numismatic equivalent of Postal Service commem stamps regardless of mintage. >>
I paid $4700 for my NGC Jackie MS70 at the Balto. show a few years ago. Getting nervous. >>
Modern commems do seem to have some weakness right now, but the fundamentals of that coin are great--and it's just a nice piece to own, with a lot of history and significance. I wouldn't worry about it. Same for me on the plats. I way overpaid for some of them, but I love the coins and am proud to be their caretaker until I need to make the mortgage or some other calamity.
Box of 20
Wondercoin
P.S. If that collector selected the 13 ozs. of gold, his pile is worth about $24,500+. If he elected the Buffalo set, his pile is worth around $12,500.
P.S.S. Of course, buyers in 2008 are still doing fine. They would be doing FAR better if they sold their top grade (FS) Buffalos sets a year ago and converted it to gold bullion.
This is a very good point. Do I trade 8 silver eagle rolls for 20 25th Anniversary Sets. 8 rolls X 20=160oz (silver at 44x160=$7040 for 5x20=100oz (Anniversary Boxes @$350x20=$7000). I would be giving up almost $2400 or 60 ounces of Silver to buy the 25th Anniversary ASE sets.
Box of 20
<< <i>n simple terms, a year or so ago, a collector had a choice ... own the PCGS-PR70DCAM FS 4-pc Buffalo Gold set or own 13 ozs. of gold. Today, the collector has the choice to own the same Buffalo set or about 6 1/2 - 7 ozs. of gold. Let see where the numbers are a year from now.
Wondercoin
P.S. If that collector selected the 13 ozs. of gold, his pile is worth about $24,500+. If he elected the Buffalo set, his pile is worth around $12,500.
P.S.S. Of course, buyers in 2008 are still doing fine. They would be doing FAR better if they sold their top grade (FS) Buffalos sets a year ago and converted it to gold bullion.
This is a very good point. Do I trade 8 silver eagle rolls for 20 25th Anniversary Sets. 8 rolls X 20=160oz (silver at 44x160=$7040 for 5x20=100oz (Anniversary Boxes @$350x20=$7000). I would be giving up almost $2400 or 60 ounces of Silver to buy the 25th Anniversary ASE sets. >>
I would do that if I got the silver rolls at a pretty good price. Of course getting 20 sets might be difficult.
Box of 20
<< <i>My ASEs rolls were bought in the $300 dollar range about 6-7 years ago. >>
Sweet. You could look at it like getting 20 sets at a cost of $120 each then instead of losing 60 ounces.