The dogs are barking!!!!!!!!!

morgansforever

The dogs are the first spouse coins. AA unc. ending at $444.

Lets break it down shall we:

Coin bought from Slaughter House for $410 + $5 shipping = $415

Coin sold for $444 - 10% (keep it simple) for Ebay and Paypal fee's.

$444 - $44.40 = $399.60

For a net profit of -10.31%

I'm sure glad I was only able to get one MW unc. and one AA unc. Thank you lord.

Ebay link

jsf

it could be worse, first daughter coins...

StrikeOutXXX

<--------- Bark Bark....

Other than one or two spouse, I think I'd rather have 1st pets to be honest. To each their own though.

morgansforever

<<it could be worse, first daughter coins...>>

Ol Bushie, has some good looking daughters.

morgansforever

<<Other than one or two spouse, I think I'd rather have 1st pets to be honest. To each their own though>>

Your Golden Retrievers look like some happy dogs, ruff, ruff.

FLBuffaloHunter

Proofs average $100 above issue price.

morgansforever

<<Proofs average $100 above issue price>>.

After fee's? Probably more like $45-$50 in actual profit.

The key word here is average. I watched one end at $470, just as ugly as the unc.

Casman

Well lets see if I bought 1,500 of these and listed them all at the same time NGC 70 listed 10-15 minutes apart for the last 3 months whatta ya think that would do to the price???

GoldenEyeNumismatics

This auction doesn't necesarily represent the coin's real value.

The seller has a feedback rating of 32, and shipping is $15

FLBuffaloHunter

<< <i><<Proofs average $100 above issue price>>.

After fee's? Probably more like $45-$50 in actual profit.

The key word here is average. I watched one end at $470, just as ugly as the unc. >>


No worries here, glad to see them unload now vs later on when they start going back up for the holiday season. The Proof long term will hold it's value. Also if the Mint decides to raise the limit next year after the Dolly Madison sells ot like the others, well I guess you can figure it out.

Hyperion

<< <i><<Proofs average $100 above issue price>>.

After fee's? Probably more like $45-$50 in actual profit.

The key word here is average. I watched one end at $470, just as ugly as the unc. >>



Im pleased my finished at $730 then... hmph...

TomB

<< <i>The dogs are the first spouse coins. AA unc. ending at $444.

Lets break it down shall we:

Coin bought from Slaughter House for $410 + $5 shipping = $415

Coin sold for $444 - 10% (keep it simple) for Ebay and Paypal fee's.

$444 - $44.40 = $399.60

For a net profit of -10.31%

I'm sure glad I was only able to get one MW unc. and one AA unc. Thank you lord.

Ebay link >>


While they might currently be dogs, your math needs some correcting. Ebay and PayPal fees combine for about 6% at this rate, which would yield a net sales price of $417.36 and if one assumes a 40-cent insertion fee then we obtain $416.96 vs. the cost of acquisition of $415 for a net gain of $1.96. This is a net profit of just about 0.5%, which hardly makes it a winner, but certainly precludes it from the 10% loser class.

mhammerman

It may be that a majority of the flipees have taken last years booty to the coin shop to get some love and found that they had been a little too exuberant.

RedneckHB

When everyone runs to one side of the ship, the ship is bound to overturn.

2manycoins2fewfunds

It would have been far, far worse if gold hadn't risen $75 in a month.

IMO all of this years spouse coins including Liberty will be trading as bullion within 1-2 years.

DeepCoin

I believe the Liberty sub set of First Spouse coins will do far better than the other coins. There is a much larger base of interested individuals for those designs IMHO. The market will prove this out over time. Lets see where things stand when the other coins come out next year. It is far too early to decide what is a dog..etc.

pf70collector

As quoted before ebay is a trainwreck. Essentially the flippers of the gold spouse on ebay are doing the mints job. Who is buying these? Collectors or Dealers? That is what I like to know.

57loaded

win some lose some

i don't sweat this one iota(sp)

in retrospect it would have been wise for me to cancel my late order of AA' proofs as i was only going to flip them, but live and learn by mistakes....and don't look back!

i'll hang onto my two sets of Jefferson LIberty, for better or worse richer or poorer....etc, etc....unless they go somewhere at least into a sustainable orbit.

LanLord

I'd be curious to know what the Jackie Robinsone MS, the 1996d Olympic dollars in MS and other such coins were just a few months out of the shute.

I think it's interesting that if something isn't an immediate money maker, it's a dog.

pf70collector

I don't think these are dogs at all. In fact I like them immensely. It will be interesting to see how these fare in a few years. The series is still very young. Also I don't think there were flippers back then when the Mint sold the Robinson or not to the extent that they are so prevalent today. The 1995-W was once a dog too. If the series becomes popular like the ASE's, watch out. Though the expense may be cost prohibitive to gain a following for these like the silver.

2manycoins2fewfunds

40,000 coins offered 4 x year honoring a subject with miniscule collector interest is simply IMO too much supply to generate any long term premium over spot.

IMO even the Liberty coins will be dogs simply because there is no shortage of images of Liberty on gold coins.

In a year or two when some low mintage issues come out there may be a brief small premium for these selected issues but those with low mintages will only serve to seal the 20,000/20,000 issues into a lifetime of melt prices.

aficionado

Let's see what are the other DOGS a couple month's after release ??

Jackie Robinson
Bi-metalic Library
1999 silver set

Sometimes is takes time for the value to go up.

DeepCoin

When the mint sells twice as many coins 40/40 prf/unc or more next year, these coins will move up, especially the Liberty version. I disagree concerning the number of liberty gold coins. This is a reprise of a 1798 +/- design as opposed to the St. Gaudens version on so many gold coins. I think the Jefferson coin will end up being the key to the series in the long term. Time will tell as it is only MHO.

mrmom

It was a "dog" only from a seller's point of view.

buyer sure paid 8% premium over the issue price.

pf70collector

with miniscule collector interest

No one knows what the collector base is for these, myself included.

2manycoins2fewfunds

<< <i>Let's see what are the other DOGS a couple month's after release ??

Jackie Robinson
Bi-metalic Library
1999 silver set

Sometimes is takes time for the value to go up. >>



All the coins you listed had either very low mintages or were lowest in a very popular series. These 20/20K spouse coins are neither.
No one here has seriously argued this will be a popular series as a whole.

Bear

It is somewhat difficult to predict dogs and stars

when it comes to new Mint products. With a rather shallow

base, one is never sure what item will catch the fancy of the

collecting public. Further, there are always unexpected changes in

production numbers.

morgansforever

TomB was right it's more like 6-7% for the fee's. I used 10% if you include time spent, listing, ordering.

10% is also easy to compute in your head.

I do hope these catch on with the public, for I'm collecting the series.

Wish I had purchased more of the 06W singles.

Seems they always end around $90 raw, thats 350% profit, minus fee's.

A modern star that keeps on shining.

Casman

How exactly could one try and sell these, you can't even get to page one. Every other listing since June has been NGC 70...I'd say one dog is doing fairly well, do the math...