2012 AMERICAN EAGLE GOLD PROOF COINS One ounce 9,520 302 One-half ounce 3,948* 384 One-quarter ounce 3,134 187 One-tenth ounce 9,151 344 Four-coin set 4,275 85
The half ounce is sold out (indicated by the asterisk), and the actual mintage will probably be below the final sales number of 3,948 if past experience is any guide.
2012 STAR SPANGLED BANNER COMMEMORATIVE COINS Proof Gold 5,792 76 Uncirculated Gold 6,257 1,131 Two Coin Set 11,217 160
The unc. is not officially sold out yet, but unless they strike more the 6,257 number will almost certainly drop. Many, perhaps most of the 1,131 orders for this past week are in backorder limbo.
This may be an object lesson about whether or not the Mint issues a 2nd striking for a commemorative issue and fulfills orders just before an ordering deadline.
They might distinguish between a regular issue coin such as the 1/2 oz. Proof AGE and a commemorative because the commemorative generates revenue for a special "cause".
I'm not aware of such a distinction, but why else wouldn't they declare it a sellout and continue to let the orders pile up?
Q: Are You Printing Money? Bernanke: Not Literally
Two important things to remember on the AGE proofs: (1) Total mintage includes those sold in four coin sets (2) Mint continues to offer 2011 four coin proof sets. Will 2012 proof set sales continue until Nov. 2013?
No proof AGEs prior to 2012 have a mintage lower than 10K. While two of the 2012 proofs ($25 & $10) have a good chance at coming in under 10K , neither will come in lower than the 2012 W $50 burnished AGE (6118) and only the $10 2012 proof has a chance of coming in lower than the current second lowest mintatage AGE (2011 W $50 burnished - 8,883) or the current third lowest mintage AGE (2008 W $10 burnished - 8,883).
2012 W $50 burnished will remain king for 2012 and two of the 2012 proofs will likely be lowest mintage proofs. Final numbers (and standings) will not be known until $10 proofs sell out AND the mint quits selling the 2012 proof set, which could extend into 2013. If mint continues to offer 2012 proof sets well into 2013 I don't see any of the coins coming in at under 10K mintage. Look for proof sets to spike with the sudden interest.
I was surprised that the 1/2 oz Proof AGE was given "sold out" status. The 1/2 oz single coin option sales total for 2012 is quite a bit less than previous years, so I suspect that the Mint didn't package as many of the 4-coin sets either.
The fact that the 2011 set is still on sale a year later is a pretty good indicator that the Mint got stuck with too much inventory of an expensive item, and they may not have wanted a repeat. They may have decided to strike more if demand materialized, which it didn't. We will find out what the Mint was thinking in due time.
Q: Are You Printing Money? Bernanke: Not Literally
<< <i>I was surprised that the 1/2 oz Proof AGE was given "sold out" status. The 1/2 oz single coin option sales total for 2012 is quite a bit less than previous years, so I suspect that the Mint didn't package as many of the 4-coin sets either.
The fact that the 2011 set is still on sale a year later is a pretty good indicator that the Mint got stuck with too much inventory of an expensive item, and they may not have wanted a repeat. They may have decided to strike more if demand materialized, which it didn't. We will find out what the Mint was thinking in due time. >>
It's not like they have to throw away gold coins they don't sell. And, as a government agency, wasted production effort is not the concern it is in private enterprise.
<< <i>Did Eric ever weigh in on the sell out of 2012 W Burnished $50 American Gold Eagle Coins and what his sources indicate? >>
Sorry I have not been checking the boards much lately. Restoring an old car and it eats up tons of time. Almost done now and have some time to watch coins again. :-)
The 2012-W $50 coin is a serious coin and it’s the kind of mintage I have been hoping would show up. I think that a final final between 5700 and 6300 is coming for that coin. The only gold eagle that can run with it is the 1999W $10 gold eagle in terms of rarity. Its hard to say if the 2012W is the bottom but it is worthy of note that the coin is now well short of the minimum sales threshold that the Mint likes to see. If sales rebound next year due to the 12W early sell out fine. On the other hand if sales stay sub 10,000 over time the big MS W may get canned. If you don’t have one and you find them at 1.5 times melt better pick one up. I bought several of them before the prices jumped.
I think the $5 MS Star Spangled Banner Gold MAY come back up for sale in mid December.
The sudden drop of the 2012 w proof gold eagle sales is something I really don't understand. If we blame the economy and the higher gold price, the 1oz gold buffalo proof should drop too. Usually, the single 1oz proof gold eagle sells at a faster pace than the 1oz proof buffalo, but as of today, individual 1oz proof AGE= 9,520 VS 1oz proof gold buffalo= 16,872. It seems there is something specific to the proof gold eagle that causes the extremely low sales.
The latest number for the 4-coin proof AGE set is 4,275. If the sales last until the end of 2013, I doubt it will break 10,000 sets.
It looks like the 1/2 proof AGE will be the new key for that fraction. The 1/4 oz and 1/10 oz also look promising.
However, so far, the key to the whole series still hasn't develop much premium (2008 w 1/4 oz). Will the 2012 be any different?
I would like to ask a question to any of our knowledgeable collectors on this thread. Do you think that because of the ordering fiasco of the 2011 25th Ann. silver eagle sets, that we will ever see an offering from the mint that would rival any of the 2008-W gold or platinum series or even the 2009 UHR? I would like to think that just to keep interest up in modern products that the mint will throw us a bone every now and then. Even if it were to bring back some fractionals for those of us that can't afford the one ounce coins. What are your thoughts?
Beer is Proof that God loves us and wants us to be happy -Benjamin Franklin-
The sudden drop of the 2012 w proof gold eagle sales is something I really don't understand. If we blame the economy and the higher gold price, the 1oz gold buffalo proof should drop too. Usually, the single 1oz proof gold eagle sells at a faster pace than the 1oz proof buffalo, but as of today, individual 1oz proof AGE= 9,520 VS 1oz proof gold buffalo= 16,872. It seems there is something specific to the proof gold eagle that causes the extremely low sales.
Answer: Well for one thing the proof gold eagles are called out as being acceptable for IRA assets regardless of mark up over melt and therefore much of the demand for 4 coins sets and one once gold eagles is IRA driven. IRA demand is not white hot right now.
The latest number for the 4-coin proof AGE set is 4,275. If the sales last until the end of 2013, I doubt it will break 10,000 sets. Answer: May be true as we covered the in sales deterioration curve in the first book.
It looks like the 1/2 proof AGE will be the new key for that fraction. The 1/4 oz and 1/10 oz also look promising. Answer: Likely the lowest proof gold half. Others, too early to know if they will come in under the 2008 or not but thats not the real question any way. See next answer.
However, so far, the key to the whole series still hasn't develop much premium (2008 w 1/4 oz). Will the 2012 be any different? >>
Answer: The real question to me is if they dont sell all the 2012 proof gold at these price levels will they drop the striking run even more the following year. Dont loose sight of the fact that its a demand crash that produces big drops in the follow on years production runs and then when one of the coins has a higher than expected scrap rate you end up with a killer. Point being its way too early to guess if the 2012 gold is going to be stronger than say the 2013 or 2014 gold. Much of this will depend on the price of gold going forward.
The problem with the larger denomiantion gold is the demand curve for newly minted coins falls off hard after about $500 -600 each. Remember David slays Goliath on a percentage basis if both denominations are equally strong keys. We looked at this in the first book.
Do you think that because of the ordering fiasco of the 2011 25th Ann. silver eagle sets, that we will ever see an offering from the mint that would rival any of the 2008-W gold or platinum series or even the 2009 UHR? I would like to think that just to keep interest up in modern products that the mint will throw us a bone every now and then. Even if it were to bring back some fractionals for those of us that can't afford the one ounce coins. What are your thoughts? >>
What do you mean by rival? Wouldn't you say that the 2012 W burnished $50 Gold Eagle was a good "rival"?
Gold and silver are valuable but wisdom is priceless.
2012 AMERICAN EAGLE GOLD PROOF COINS (total sales and last week's sales) One ounce 10,709 1,189 One-half ounce 3,962* 14 One-quarter ounce 3,585 451 One-tenth ounce 9,505 354 Four-coin set 4,419 144
I don't agree that AGE proof demand is driven by bullion IRAs. While some will pay to store the entire package in an IRA, I don't believe it's enough to drive sales on packaged, boxed products that will carry a long time storage fee. Additionally, counter party risk of even allocated accounts is starting to turn off a lot previous depositors.
2012 AMERICAN EAGLE GOLD PROOF COINS (total sales and last week's sales) One ounce 10,709 1,189 One-half ounce 3,962* 14 One-quarter ounce 3,585 451 One-tenth ounce 9,505 354 Four-coin set 4,419 144 " I don't agree that AGE proof demand is driven by bullion IRAs. While some will pay to store the entire package in an IRA, I don't believe it's enough to drive sales on packaged, boxed products that will carry a long time storage fee. Additionally, counter party risk of even allocated accounts is starting to turn off a lot previous depositors. >>
I don't agree that AGE proof demand is driven by bullion IRAs. " Answer: Well the same guys that produced enough demand to drive common proof gold to about twice melt about 4 years ago impact mint sales for new proof gold in a meaningful way. I write for IRA specialist from time to time and they move an awful lot of proof gold. So apparently you and I are not seeing the same things or talking to the same people. I am not saying that IRA demand dictates new proof gold eagles sales outright but it is one of the larger demand sourses and the swings in that activity do impact proof gold sales in a very meaningful way.
"counter party risk of even allocated accounts is starting to turn off a lot previous depositors." Answer: Right demand is down for IRA proof gold lately.
My intuition is that some demand for Proof Gold is coming from IRAs, but either way - I do think that there is more collector demand for Proof Gold than for the bullion AGEs. The series was well-established even before the coins became IRA-eligible. When was that, around 2006 or so? Wasn't that one of the rationals for the Gold Buffs as well?
When Eric indicates that Proof Gold demand in IRAs is down, that very well might explain the dip in sales for 2012. Regardless of the cause for the dip, my question is whether this will be the "deep key" for the Proof AGE series that Eric alludes to in his 1st book. Demand is a funny thing - once the demand exceeds available supplies, interesting things happen. I suspect that in spite of lower demand from IRAs, overall demand is still good for the proofs and some of these 2012-W Proof AGEs may be "the droids we are looking for".
We can't know what will happen in 2013 and 2014. For instance, in 2001-2002-2003-2004 I thought that Plat mintages might keep going down, but they hit bottom in 2004-2005 and turned around instead. If a series continues, an upturn is inevitable at some point. When that happens, if you happened to buy the lowest mintage issue - the whole thing looks great in the rear-view mirror.
As for the Spouses, I used to think that the series would mimic the classic commemorative half dollar series in some ways. Back in the 1960s, classic commemorative halves were seen as an incongruous and generally uninteresting series having relatively low mintages and correspondingly low demand. With the Gold Spouses, I think we are past that point already. In creating so many expensive issues and varieties simultaneously, both Congress and the Mint are slowly succeeding in leveling the market across all series. The only saving grace is that these series are precious metals. Collect what you like, it's all going to be "rare" before it's over.
Q: Are You Printing Money? Bernanke: Not Literally
I just noticed that the 2013 AGE Unc is on the schedule for June of 2013. Bummer. I was hoping that they would not do one in '13. Of course, with the 2012 being such a score I'm hoping that the 2013 will substantially surpass the '12. Who knows?
I also did not see any 2013 Gold Buff's other than the proof. I wonder whether they'll be any other '13 Gold Buffs.
<< <i>I just noticed that the 2013 AGE Unc is on the schedule for June of 2013. Bummer. I was hoping that they would not do one in '13. Of course, with the 2012 being such a score I'm hoping that the 2013 will substantially surpass the '12. Who knows?
I also did not see any 2013 Gold Buff's other than the proof. I wonder whether they'll be any other '13 Gold Buffs. >>
Because of the survey the Mint sent out, I think it's a pretty good bet they'll do something special.
"6,759 is a good looking sale report on the $5 unc star spang. banner gold commem. If you see them on the net for cheap buy them."
Eric (or anyone): A buddy of mine plans on rejecting 60 coins when they come knocking on the door today or tomorrow. If you know where to move them, send me a note ASAP
Wondercoin
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
<< <i>"6,759 is a good looking sale report on the $5 unc star spang. banner gold commem. If you see them on the net for cheap buy them."
Eric (or anyone): A buddy of mine plans on rejecting 60 coins when they come knocking on the door today or tomorrow. If you know where to move them, send me a note ASAP
As an update, that buddy of mine decided to not reject the (60) SSB coins from the mint, but to take delivery of that order. Maybe it was something Eric said
Wondercoin
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
<< Sales of 2012 1st Spouse coins will be continue to be sold in 2013. However, I think, by law, that the US Mint cannot make 2012 dated coins in 2013. Therefore, if only we know how many coins they minted. >>
I have seen this thrown around a lot, any source for this? Can they mint more of the 2012 spouse coins in 2013?
Nope, they can not mint anyafter 12/31/2012. Unlike the RCM which mint's early 2013 in 2012 for example. The US mint must mint in the calendar year of the date on the coin.
Can they mint more of the 2012 spouse coins in 2013?
I don't believe that they can, or would mint any additional coins other than in the year of issue. On the flip side, they have established a precedent that they will leave them up for sale as long as 2 years or until inventory is depleted, whichever comes sooner.
The guessing game over 2012 mintages begins on Jan. 1, 2013. I would be surprised if any of them sold out before then, and even more surprised if the Mint ordered a 2nd striking.
Q: Are You Printing Money? Bernanke: Not Literally
So, the "Frances Cleveland – Second Term" spouse coin that was released yesterday can't be minted after 12/31/2012. Hum, if only we had a mole at the mint that knew how many have been struck!!!
I found on several websites (Mint News BLOG, Numismatists etc) a list of the Us mints weekly sales figures and i had a few questions.. Am I correct to understand that the MINT releases them every Monday? How are they released? Is there somewhere online where the mint (directly) releases their weekly Sales Figures? Is there anywhere online to view them on Munday? (The mint News blog seems to publish it every Tuesday)
OK, I love mint issues, but really - whoopty do! Honestly, these spouse/hag coins are worse than Franklin Mint material in design and concept. I honestly do not think they will be counted among "real" mint issues, even recent commemoratives.
And I am truly glad for those that love the profits from [flipping] them, but really, the average collector/slave of US Mint issues have IMO come to ignore them and those God-awful ATB 5 ounce abominations..
Love that Milled British (1830-1960) Well, just Love coins, period.
I assisted the Price Guide editor this past week with raising the prices on many PCGS First Strike 70 spouse coins as recent sales supported that action we both believed.
The spouse series is a cool series and I believe it will only gain in popularity in the years ahead. And, I am putting my money where my mouth is to be sure so full disclosure on that! Just a word of caution ... make sure to buy the right coins in this series as I believe not all coins will perform equally in the years ahead. Do your homework!
As always, just my 2 cents.
Wondercoin
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
Comments
1/2 $25 sold out .
I knew it would happen.
2012 AMERICAN EAGLE GOLD PROOF COINS
One ounce 9,520 302
One-half ounce 3,948* 384
One-quarter ounce 3,134 187
One-tenth ounce 9,151 344
Four-coin set 4,275 85
The half ounce is sold out (indicated by the asterisk), and the actual mintage will probably be below the final sales number of 3,948 if past experience is any guide.
2012 STAR SPANGLED BANNER COMMEMORATIVE COINS
Proof Gold 5,792 76
Uncirculated Gold 6,257 1,131
Two Coin Set 11,217 160
The unc. is not officially sold out yet, but unless they strike more the 6,257 number will almost certainly drop. Many, perhaps most of the 1,131 orders for this past week are in backorder limbo.
My Adolph A. Weinman signature
They might distinguish between a regular issue coin such as the 1/2 oz. Proof AGE and a commemorative because the commemorative generates revenue for a special "cause".
I'm not aware of such a distinction, but why else wouldn't they declare it a sellout and continue to let the orders pile up?
I knew it would happen.
(1) Total mintage includes those sold in four coin sets
(2) Mint continues to offer 2011 four coin proof sets. Will 2012 proof set sales continue until Nov. 2013?
No proof AGEs prior to 2012 have a mintage lower than 10K. While two of the 2012 proofs ($25 & $10) have a good chance at coming in under 10K , neither will come in lower than the 2012 W $50 burnished AGE (6118) and only the $10 2012 proof has a chance of coming in lower than the current second lowest mintatage AGE (2011 W $50 burnished - 8,883) or the current third lowest mintage AGE (2008 W $10 burnished - 8,883).
2012 W $50 burnished will remain king for 2012 and two of the 2012 proofs will likely be lowest mintage proofs. Final numbers (and standings) will not be known until $10 proofs sell out AND the mint quits selling the 2012 proof set, which could extend into 2013. If mint continues to offer 2012 proof sets well into 2013 I don't see any of the coins coming in at under 10K mintage. Look for proof sets to spike with the sudden interest.
Rampant currency debasement will be the most important investment trend of this decade, and it will devastate most people.
- Nick Giambruno Buy dollar insurance now, because the policy will cost more as the dollar becomes worth less.
The fact that the 2011 set is still on sale a year later is a pretty good indicator that the Mint got stuck with too much inventory of an expensive item, and they may not have wanted a repeat. They may have decided to strike more if demand materialized, which it didn't. We will find out what the Mint was thinking in due time.
I knew it would happen.
<< <i>I was surprised that the 1/2 oz Proof AGE was given "sold out" status. The 1/2 oz single coin option sales total for 2012 is quite a bit less than previous years, so I suspect that the Mint didn't package as many of the 4-coin sets either.
The fact that the 2011 set is still on sale a year later is a pretty good indicator that the Mint got stuck with too much inventory of an expensive item, and they may not have wanted a repeat. They may have decided to strike more if demand materialized, which it didn't. We will find out what the Mint was thinking in due time. >>
It's not like they have to throw away gold coins they don't sell. And, as a government agency, wasted production effort is not the concern it is in private enterprise.
Rampant currency debasement will be the most important investment trend of this decade, and it will devastate most people.
- Nick Giambruno Buy dollar insurance now, because the policy will cost more as the dollar becomes worth less.
<< <i>Did Eric ever weigh in on the sell out of 2012 W Burnished $50 American Gold Eagle Coins and what his sources indicate? >>
<< <i>Did Eric ever weigh in on the sell out of 2012 W Burnished $50 American Gold Eagle Coins and what his sources indicate? >>
Sorry I have not been checking the boards much lately. Restoring an old car and it eats up tons of time. Almost done now and have some time to watch coins again. :-)
The 2012-W $50 coin is a serious coin and it’s the kind of mintage I have been hoping would show up. I think that a final final between 5700 and 6300 is coming for that coin. The only gold eagle that can run with it is the 1999W $10 gold eagle in terms of rarity. Its hard to say if the 2012W is the bottom but it is worthy of note that the coin is now well short of the minimum sales threshold that the Mint likes to see. If sales rebound next year due to the 12W early sell out fine. On the other hand if sales stay sub 10,000 over time the big MS W may get canned. If you don’t have one and you find them at 1.5 times melt better pick one up. I bought several of them before the prices jumped.
I think the $5 MS Star Spangled Banner Gold MAY come back up for sale in mid December.
Thanks
Eric
Glad to hear form you.
I have one question for you
The sudden drop of the 2012 w proof gold eagle sales is something I really don't understand.
If we blame the economy and the higher gold price, the 1oz gold buffalo proof should drop too.
Usually, the single 1oz proof gold eagle sells at a faster pace than the 1oz proof buffalo, but as of today, individual 1oz proof AGE= 9,520 VS 1oz proof gold buffalo= 16,872.
It seems there is something specific to the proof gold eagle that causes the extremely low sales.
The latest number for the 4-coin proof AGE set is 4,275. If the sales last until the end of 2013, I doubt it will break 10,000 sets.
It looks like the 1/2 proof AGE will be the new key for that fraction. The 1/4 oz and 1/10 oz also look promising.
However, so far, the key to the whole series still hasn't develop much premium (2008 w 1/4 oz). Will the 2012 be any different?
You could order all you wanted for appox 6 months or more. They sold 100K and yet it still kept a significant premium.
Example of demand trumping mintage.
<< <i>Hi Eric,
Glad to hear form you.
I have one question for you
The sudden drop of the 2012 w proof gold eagle sales is something I really don't understand.
If we blame the economy and the higher gold price, the 1oz gold buffalo proof should drop too.
Usually, the single 1oz proof gold eagle sells at a faster pace than the 1oz proof buffalo, but as of today, individual 1oz proof AGE= 9,520 VS 1oz proof gold buffalo= 16,872.
It seems there is something specific to the proof gold eagle that causes the extremely low sales.
Answer: Well for one thing the proof gold eagles are called out as being acceptable for IRA assets regardless of mark up over melt and therefore much of the demand for 4 coins sets and one once gold eagles is IRA driven. IRA demand is not white hot right now.
The latest number for the 4-coin proof AGE set is 4,275. If the sales last until the end of 2013, I doubt it will break 10,000 sets.
Answer: May be true as we covered the in sales deterioration curve in the first book.
It looks like the 1/2 proof AGE will be the new key for that fraction. The 1/4 oz and 1/10 oz also look promising.
Answer: Likely the lowest proof gold half.
Others, too early to know if they will come in under the 2008 or not but thats not the real question any way. See next answer.
However, so far, the key to the whole series still hasn't develop much premium (2008 w 1/4 oz). Will the 2012 be any different? >>
Answer: The real question to me is if they dont sell all the 2012 proof gold at these price levels will they drop the striking run even more the following year. Dont loose sight of the fact that its a demand crash that produces big drops in the follow on years production runs and then when one of the coins has a higher than expected scrap rate you end up with a killer. Point being its way too early to guess if the 2012 gold is going to be stronger than say the 2013 or 2014 gold. Much of this will depend on the price of gold going forward.
The problem with the larger denomiantion gold is the demand curve for newly minted coins falls off hard after about $500 -600 each. Remember David slays Goliath on a percentage basis if both denominations are equally strong keys. We looked at this in the first book.
Eric
What do you mean by rival? Wouldn't you say that the 2012 W burnished $50 Gold Eagle was a good "rival"?
2012 AMERICAN EAGLE GOLD PROOF COINS (total sales and last week's sales)
One ounce 10,709 1,189
One-half ounce 3,962* 14
One-quarter ounce 3,585 451
One-tenth ounce 9,505 354
Four-coin set 4,419 144
I don't agree that AGE proof demand is driven by bullion IRAs. While some will pay to store the entire package in an IRA, I don't believe it's enough to drive sales on packaged, boxed products that will carry a long time storage fee. Additionally, counter party risk of even allocated accounts is starting to turn off a lot previous depositors.
Rampant currency debasement will be the most important investment trend of this decade, and it will devastate most people.
- Nick Giambruno Buy dollar insurance now, because the policy will cost more as the dollar becomes worth less.
<< <i>Nov. 27 Mint sales report:
2012 AMERICAN EAGLE GOLD PROOF COINS (total sales and last week's sales)
One ounce 10,709 1,189
One-half ounce 3,962* 14
One-quarter ounce 3,585 451
One-tenth ounce 9,505 354
Four-coin set 4,419 144
"
I don't agree that AGE proof demand is driven by bullion IRAs. While some will pay to store the entire package in an IRA, I don't believe it's enough to drive sales on packaged, boxed products that will carry a long time storage fee. Additionally, counter party risk of even allocated accounts is starting to turn off a lot previous depositors. >>
I don't agree that AGE proof demand is driven by bullion IRAs. "
Answer: Well the same guys that produced enough demand to drive common proof gold to about twice melt about 4 years ago impact mint sales for new proof gold in a meaningful way. I write for IRA specialist from time to time and they move an awful lot of proof gold. So apparently you and I are not seeing the same things or talking to the same people. I am not saying that IRA demand dictates new proof gold eagles sales outright but it is one of the larger demand sourses and the swings in that activity do impact proof gold sales in a very meaningful way.
"counter party risk of even allocated accounts is starting to turn off a lot previous depositors."
Answer: Right demand is down for IRA proof gold lately.
When Eric indicates that Proof Gold demand in IRAs is down, that very well might explain the dip in sales for 2012. Regardless of the cause for the dip, my question is whether this will be the "deep key" for the Proof AGE series that Eric alludes to in his 1st book. Demand is a funny thing - once the demand exceeds available supplies, interesting things happen. I suspect that in spite of lower demand from IRAs, overall demand is still good for the proofs and some of these 2012-W Proof AGEs may be "the droids we are looking for".
We can't know what will happen in 2013 and 2014. For instance, in 2001-2002-2003-2004 I thought that Plat mintages might keep going down, but they hit bottom in 2004-2005 and turned around instead. If a series continues, an upturn is inevitable at some point. When that happens, if you happened to buy the lowest mintage issue - the whole thing looks great in the rear-view mirror.
As for the Spouses, I used to think that the series would mimic the classic commemorative half dollar series in some ways. Back in the 1960s, classic commemorative halves were seen as an incongruous and generally uninteresting series having relatively low mintages and correspondingly low demand. With the Gold Spouses, I think we are past that point already. In creating so many expensive issues and varieties simultaneously, both Congress and the Mint are slowly succeeding in leveling the market across all series. The only saving grace is that these series are precious metals. Collect what you like, it's all going to be "rare" before it's over.
I knew it would happen.
Dates for release??
12/06/2012 2012 First Spouse Series One-Half Ounce Gold Uncirculated Coin – Caroline Harrison
TBD 2012 First Spouse Series One-Half Ounce Gold Proof Coin - Frances Cleveland (Second Term)
TBD 2012 First Spouse Series One-Half Ounce Gold Uncirculated Coin - Frances Cleveland (Second Term)
<< <i>nearly 600 4-coin AGE PR sets last week. Is that a lot? >>
Certainly more than I could afford.
What modern PM based coin has lowest TOTAL market value at current market prices??
Mintage X average price per example??
2010 and 2011 silver proof dimes??..........$3 x ~575K ???
<< <i>What modern PM based coin has lowest TOTAL market value at current market prices??
Mintage X average price per example??
2010 and 2011 silver proof dimes??..........$3 x ~575K ??? >>
My guess would be the 2008-W $10 burnished Platinum Eagle.
Mintage 3706. Recent price about $300. Total market value slightly over $1.1 million.
My Adolph A. Weinman signature
So with ~$500K in base platinum content the remaining numismatic premium for that coins entire population is around ~$500K.
Box of 20
As you obtain a larger percent of outstanding population prices rise and soon you are the market.
When you stop buying and particularly when you go to sell prices collapse.
In the case of the 2008-W $10 platinums market price would be above $500 long before you even got 25% of examples.
I also did not see any 2013 Gold Buff's other than the proof. I wonder whether they'll be any other '13 Gold Buffs.
<< <i>I just noticed that the 2013 AGE Unc is on the schedule for June of 2013. Bummer. I was hoping that they would not do one in '13. Of course, with the 2012 being such a score I'm hoping that the 2013 will substantially surpass the '12. Who knows?
I also did not see any 2013 Gold Buff's other than the proof. I wonder whether they'll be any other '13 Gold Buffs. >>
Because of the survey the Mint sent out, I think it's a pretty good bet they'll do something special.
Frances Cleveland 2.
Eric (or anyone): A buddy of mine plans on rejecting 60 coins when they come knocking on the door today or tomorrow. If you know where to move them, send me a note ASAP
Wondercoin
<< <i>"6,759 is a good looking sale report on the $5 unc star spang. banner gold commem. If you see them on the net for cheap buy them."
Eric (or anyone): A buddy of mine plans on rejecting 60 coins when they come knocking on the door today or tomorrow. If you know where to move them, send me a note ASAP
Wondercoin >>
So, is 6,699 better?
Wondercoin
<< Sales of 2012 1st Spouse coins will be continue to be sold in 2013. However, I think, by law, that the US Mint cannot make 2012 dated coins in 2013.
Therefore, if only we know how many coins they minted. >>
I have seen this thrown around a lot, any source for this? Can they mint more of the 2012 spouse coins in 2013?
I don't believe that they can, or would mint any additional coins other than in the year of issue. On the flip side, they have established a precedent that they will leave them up for sale as long as 2 years or until inventory is depleted, whichever comes sooner.
The guessing game over 2012 mintages begins on Jan. 1, 2013. I would be surprised if any of them sold out before then, and even more surprised if the Mint ordered a 2nd striking.
I knew it would happen.
<< <i>The US mint must mint in the calendar year of the date on the coin. >>
I think the U.S. Mint can strike next year's coins early (such as 2013-dated bullion coins), but cannot strike coins bearing a previous year's date.
My Adolph A. Weinman signature
Am I correct to understand that the MINT releases them every Monday?
How are they released? Is there somewhere online where the mint (directly) releases their weekly Sales Figures?
Is there anywhere online to view them on Munday? (The mint News blog seems to publish it every Tuesday)
Thank you
Reported sales as of Dec. 17 are 3,850.
Possibly all the 2011 proofs will have final mintages below 4,000. If so, they should all carry at least modest premiums to melt.
My Adolph A. Weinman signature
Yes, they should hold a premium of -5%.
<< <i>Yes, they should hold a premium of -5%. >>
In raw and PR69, 2011 First Spouse proofs are bringing between $950 and $1450 each on eBay. That's considerably more than a minus 5% premium.
My Adolph A. Weinman signature
And I am truly glad for those that love the profits from [flipping] them, but really, the average collector/slave of US Mint issues have IMO come to ignore them and those God-awful ATB 5 ounce abominations..
Well, just Love coins, period.
The spouse series is a cool series and I believe it will only gain in popularity in the years ahead. And, I am putting my money where my mouth is to be sure so full disclosure on that! Just a word of caution ... make sure to buy the right coins in this series as I believe not all coins will perform equally in the years ahead. Do your homework!
As always, just my 2 cents.
Wondercoin