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Modern Gold on Fire! Updated 11-25-09 (at end of thread).

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  • fcfc Posts: 12,793 ✭✭✭
    that is insane. i really doubt those are veteran coin collectors buying
    that stuff.
  • RYKRYK Posts: 35,800 ✭✭✭✭✭


    << <i>that is insane. i really doubt those are veteran coin collectors buying
    that stuff. >>


    Who cares? Their money is just as green as yours and mine. image
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • pmacpmac Posts: 3,189 ✭✭✭


    << <i>

    << <i>that is insane. i really doubt those are veteran coin collectors buying
    that stuff. >>


    Who cares? Their money is just as green as yours and mine. image >>


    Ryk, I didn't know that you were a mercenary.image
    Paul
  • SNMANSNMAN Posts: 1,414 ✭✭✭
    How HIGH will gold go?image
  • 19Lyds19Lyds Posts: 26,492 ✭✭✭✭


    << <i>How HIGH will gold go?image >>



    I could put an end to its upward spiral today by buying about 10 GAE's!

    This would also effecively start a downward trend that would not stop until I sold those 10!
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!
  • BearBear Posts: 18,953 ✭✭✭
    The price of gold, will never go as high as you hope for.

    At this point, the lemmings generally get in at the tail end

    of the run.
    There once was a place called
    Camelotimage
  • RYKRYK Posts: 35,800 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>that is insane. i really doubt those are veteran coin collectors buying
    that stuff. >>


    Who cares? Their money is just as green as yours and mine. image >>


    Ryk, I didn't know that you were a mercenary.image >>


    When it comes to modern gold I am.
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • greghansengreghansen Posts: 4,301 ✭✭✭
    I could put an end to its upward spiral today by buying about 10 GAE's!

    I don't think you could do it. Why don't you just try a couple to see if you can at least slow it down a bit. That way nobody will get hurt to bad.image

    I keep loose watch on how many 2008-W Gold Buff's are listed on EBAY at any given time. Over the past couple of months the supply has steadily dried up and went down from an average in the 140's at any given time to now being under 100 at any given time. I think these keep going into stronger and stronger hands as the profit taking holders get replaced by those with a higher basis. I don't have very many of these, but the ones I do have...aren't for sale.

    I don't think they're done by any stretch of the imagination. The days of getting a 1/10 oz in any packaging option for under $500 are jjjuuuusssst about over. Won't be long before you can't get any 1/4 oz option under a grand. Just sayin...IMO.

    Greg Hansen, Melbourne, FL Click here for any current EBAY auctions Multiple "Circle of Trust" transactions over 14 years on forum

  • HalfStrikeHalfStrike Posts: 2,202 ✭✭✭
    Looks like the 1 ounce buffalo is being squeezed by the mintages.

    2006 ..........337,012
    2007 ..........136,503
    2008 ..........214,058
    2008W ...........9,074
    2009...........140,000
  • jmski52jmski52 Posts: 23,272 ✭✭✭✭✭
    And another:

    2008-W 1/4 ozer Gold Buffalo, PCGS MS-70 - sold for $1,150.00

    that is insane. i really doubt those are veteran coin collectors buying

    Doesn't seem to be an isloated case now, does it? I bought these, and I am not a novice coin collector. A bit of a hack maybe, but not a novice.image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • Type2Type2 Posts: 13,985 ✭✭✭✭✭
    I was in a B.M on sunday all that was there where people trying to buy gold for invastment is all I heard I was there for 3 Hr, He did not have any more by the time I left he was all out. It was carzy and paying 200 to 300 over melt. image


    Hoard the keys.
  • drei3reedrei3ree Posts: 3,430 ✭✭✭✭


    << <i>And another:

    2008-W 1/4 ozer Gold Buffalo, PCGS MS-70 - sold for $1,150.00 >>



    WOW, are they gonna be POed when the Mint issues 2010 fractional Buffaloes!
  • jmski52jmski52 Posts: 23,272 ✭✭✭✭✭
    WOW, are they gonna be POed when the Mint issues 2010 fractional Buffaloes!

    Come now, drei3ree - you know as well as I that if the Mint issues 2010 fractional Buffalos, they will make a gazillion of them and they will all sell out!image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • HalfStrikeHalfStrike Posts: 2,202 ✭✭✭
    I had an interesting conversation yesterday with someone and the first thing they brought up was the gold and the price of gold and how the price only goes up.

    It seems the bubble has started and eventually we will have some heavy spikes and top out, then crash. It may take a while but the chart looks very much like the last spike and crash. I would guess it will take silver along with it and until silver starts to go much higher we may not see the end of it.
  • richardshipprichardshipp Posts: 5,647 ✭✭✭
    What about the 2006 Gold Eagle Anniversary sets?
  • BochimanBochiman Posts: 25,556 ✭✭✭✭✭


    << <i>

    << <i>that is insane. i really doubt those are veteran coin collectors buying
    that stuff. >>


    Who cares? Their money is just as green as yours and mine. image >>

    ]

    Greener!!! image

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

  • greghansengreghansen Posts: 4,301 ✭✭✭
    I could put an end to its upward spiral today by buying about 10 GAE's!

    Actually I started this fierce gold climb in the 2008-W unc. 1/4 oz. AGE by selling one for $490 to Dabigkahuna on the BST boards a couple of weeks ago. They had been steady...right around $500 for a long time. Coin languished on the BST for a couple of weeks until Dabigkahuna took pity on me and bought it.

    Then the adjusted population reports came out while his check was on the way... and added a couple hundo to their value immediately. Just think....if I had sold all of the ones I had, I could have juiced prices up another few hundred!

    Larry...your welcome!imageimage

    Greg Hansen, Melbourne, FL Click here for any current EBAY auctions Multiple "Circle of Trust" transactions over 14 years on forum

  • golfer72golfer72 Posts: 3,588
    This gold run is different than the last one in the late 70's. This one is being driven by the realization that the USA is bankrupt and will never pay its debts. They will just keep printing money and gold will keep going up. It may not stop going up until this country no longer exists in its present form.
  • HalfStrikeHalfStrike Posts: 2,202 ✭✭✭
    golfer the problem is everyone thinks it is only going up and thinks the country will go bankrupt, but that may not be the case. I don't want to get political but it is possible that the Republicans take over Congress and we end up with a budget surplus in 2012, or the dollar reverses and gold crashes.

    Let's see what happens.

    PS I would guess right about now most of the taxi cab drivers are telling people to buy gold.
  • LongshotLongshot Posts: 353


    << <i>golfer the problem is everyone thinks it is only going up and thinks the country will go bankrupt, but that may not be the case. I don't want to get political but it is possible that the Republicans take over Congress and we end up with a budget surplus in 2012, or the dollar reverses and gold crashes.

    Let's see what happens.

    PS I would guess right about now most of the taxi cab drivers are telling people to buy gold. >>



    Ooo...that's a keeper...
  • DeloreanDelorean Posts: 476 ✭✭✭
    I have a 1/4 burnished eagle OGP
    $5Unc buffalo OGP
    $5 Unc PR buffalp PF70
    Double Prosperity set

    Should i sell now while the profiys are enourmous????
    Chuck,

    Ever Onward
  • greghansengreghansen Posts: 4,301 ✭✭✭
    Should I sell now while the profits are enourmous????

    My philosophy would be to sell one of the lesser coins and recognize some profit. Let the others run. I'd sell the 1/4 oz AGE. Wouldn't sell the Buffs or Prosperity.

    Greg Hansen, Melbourne, FL Click here for any current EBAY auctions Multiple "Circle of Trust" transactions over 14 years on forum

  • Justman7Justman7 Posts: 19
    Call me stupid, but I just bought a Double Prosperity set two weeks ago for $2,000. I truly believe the 08 gold coins will continue to climb in value. I even if gold does go down these coins will hold their value due to mintage numbers. Even at 2K I thought the Prosperity set was a good deal.
  • Ed62Ed62 Posts: 857 ✭✭
    The modern gold coins are the same as they were a few months ago. It is the dollars that are different.
    Ed
  • coasterfancoasterfan Posts: 1,302 ✭
    Has the price of gold lifted all modern gold coins? I remember the reverse proof golds from the 20th Anniversary Sets were sinking so fast you couldn't give them away. If the reverse proofs have come back to life, then I'll be impressed.
    Successful BST transactions: clackamas, goldman86, alohagary, rodzm, bigmarty58, Hyperion, segoja, levinll, dmarks
  • notwilightnotwilight Posts: 12,864 ✭✭✭


    << <i>The modern gold coins are the same as they were a few months ago. It is the dollars that are different. >>



    Not true. It's about 50/50. --Jerry
  • DeloreanDelorean Posts: 476 ✭✭✭
    I never dreamt that these would go this high.
    Chuck,

    Ever Onward
  • drei3reedrei3ree Posts: 3,430 ✭✭✭✭


    << <i>Has the price of gold lifted all modern gold coins? I remember the reverse proof golds from the 20th Anniversary Sets were sinking so fast you couldn't give them away. If the reverse proofs have come back to life, then I'll be impressed. >>



    I bought a PCGS 70FS at $2800 a few months ago. Looks like they've bottomed... I believe at 10,000 minted and a unique type, this coin is a buy-and-hold.

    2006-W Reverse Proof
  • drei3reedrei3ree Posts: 3,430 ✭✭✭✭


    << <i>WOW, are they gonna be POed when the Mint issues 2010 fractional Buffaloes!

    Come now, drei3ree - you know as well as I that if the Mint issues 2010 fractional Buffalos, they will make a gazillion of them and they will all sell out!image >>



    Lots of insanity surrounding the Buffs. Gold may hit $2,000 or $500 next year, but even $2000 may may not slow down the Buffaloes!!! The trend is your friend (As long as you're not the "Last Fool Out.")
  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭
    Remember when Harry Foreman (checking age here) put out his book in the 1960's on coin INVESTMENT and said to skip anything under 10 years old?

    "Give the market a chance to ESTABLISH the price" I think he said.

    But I'm an old geezer.
  • drei3reedrei3ree Posts: 3,430 ✭✭✭✭
    topstuf--But that takes all the fun/risk out of it. image
  • jmski52jmski52 Posts: 23,272 ✭✭✭✭✭
    << Has the price of gold lifted all modern gold coins? I remember the reverse proof golds from the 20th Anniversary Sets were sinking so fast you couldn't give them away. If the reverse proofs have come back to life, then I'll be impressed. >>

    My ebay data is mixed. Some of the grades for this coin are still drifting at about the same price point as where you bought yours drei3ree, but it doesn't look like there is much downward pressure either. The same situation applies to the Anniversary Sets.

    The Gold Reverse Proof is actually one of my favorite coins, especially in terms of aesthetics - the appearance is awesome. I also think that it's a keeper for price appreciation.

    This gold market is bound to be drawing many more potential AGE collectors into the fold. As people become familiar with the series, and begin to study the mintage numbers, it is only natural that they become aware of the premiums that low mintage issues command. That's when any prospective investor or collector gets hooked. It's about the money, and I don't mean that in a negative way!image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭


    << <i>topstuf--But that takes all the fun/risk out of it. image >>



    Want to bet?
    image
  • drei3reedrei3ree Posts: 3,430 ✭✭✭✭
    jmski52--Maybe the Mint will issue a 5-coin set (1/20, 1/10, 1/4, 1/2 & 1) of 100th Anniversary Buffaloes in 2013, and maybe gold will be $2,500 an ounce, and maybe they be minted in New York with an "NY" mint mark, and maybe PCGS will offer a new airtight holder with microchip verification. Maybe...image
  • metalmeistermetalmeister Posts: 4,596 ✭✭✭✭✭
    In other currencies Gold has remained stable. In dollars it has gone up.
    As was said, as long as we print ink on paper with 0 backing, heck even stocks
    are backed with earnings, book value,etc... gold will go up.
    email: ccacollectibles@yahoo.com

    100% Positive BST transactions
  • jmski52jmski52 Posts: 23,272 ✭✭✭✭✭
    But I'm an old geezer.

    Me too, topstuf! I even have an unopened roll of 1958-P halves from Harry Foreman!image

    "Give the market a chance to ESTABLISH the price" I think he said.

    Harry might have thought so, but how does that mesh with QDB's early involvement with the 1955 Double Die Cents? Was QDB wrong to scoop them up when they first came out?

    If you don't catch a rarity when it first comes out, it *might* just run away from you. Isn't that the question here? image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭


    << <i>But I'm an old geezer.

    Me too, topstuf! I even have an unopened roll of 1958-P halves from Harry Foreman!image

    "Give the market a chance to ESTABLISH the price" I think he said.

    Harry might have thought so, but how does that mesh with QDB's early involvement with the 1955 Double Die Cents? Was QDB wrong to scoop them up when they first came out?

    If you don't catch a rarity when it first comes out, it *might* just run away from you. Isn't that the question here? >>



    I spoze that IS the question posed. Deciding to buy on prediction is speculation and just fine so long as one realizes that.
    I have nothing against it.
    But I've lost more money chasing something than buying quality and holding it for the gain it gets when the speculators were right.

    I'm just more comfy riding a train that's got its traction than getting on before the wheels are cast.

    An thass just me.
  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭
    Besides, I don't LIKE the designs after the Barbers. SLQ and WLH excepted.

    image
  • mikeygmikeyg Posts: 1,002 ✭





    Ha ha ha thats me laughing at ms. mike when I think about her statement when I bought the UHR coin at 1189.00. "It will take 20 or 30 years for gold to go up enough for you to break even.image
  • pf70collectorpf70collector Posts: 6,749 ✭✭✭
    The fractionals are unique and I believe caught everyone off guard thinking the mint would produce 10's of thousands. It was a unique year for them to offer the fractionals because of the lack of gold planchets. If they produced the fractionals in 06 I doubt you would see such a low mintage and such a high appreciation that they are now demanding. This is a unique coin in its own right. However that could all change if the mint decides to produce them again.
    Montana State Quarter Die Clash

    Box of 20
  • fivecentsfivecents Posts: 11,207 ✭✭✭✭✭
    It is hard to believe how "WHITE HOT" the 2008-W 1/4 ounce burnished AGE $10 have become. They are selling at almost two times greysheet. The next greysheet pricing will be interesting. In the meantime I am going to sell just a few and hold the rest and see what happens.
  • jmski52jmski52 Posts: 23,272 ✭✭✭✭✭
    More Recent Auction Results:

    2008-W Burnished Unc PCGS MS-69 1/4 oz. AGE - sold for $897.88

    2008-W Burnished Unc 1/4 oz. AGE in Box - sold for $933.00

    2008-W Burnished Unc PCGS MS-69 1/2 oz. AGE - sold for $1,350.00

    2008-W Burnished Unc 1/2 oz. AGE in Box - sold for $1,077.69

    2008-W Burnished Unc 1 oz. in Box - sold for $1,804.00

    2008-W 1/10 oz. Unc Gold Buff in Box - sold for $491.00

    2008-W 1/10 oz. Unc Gold Buff in Box - sold for $499.00

    2008-W 1/10 oz. NGC MS-70 Gold Buff - sold for $510.00

    2008-W 1/10 oz. PCGS MS-70 Gold Buff - sold for $843.33

    2008-W 1/10 oz. PCGS MS-70 Gold Buff - sold for $844.00

    2008-W 1/10 oz. Proof Gold Buff in Box - sold for $570.00

    2008-W 1/10 oz. NGC PR-70 Gold Buff - sold for $663.99

    2008-W 1/10 oz. NGC PR-70 Gold Buff - sold for $650.00

    2008-W 1/10 oz. PCGS PR-70 Gold Buff - sold for $1,025.00

    2008-W 1/4 oz. Unc Gold Buff in Box - sold for $1,025.00

    2008-W 1/4 oz. Proof Gold Buff in Box - sold for $1,007.77

    2008-W 1/2 oz. PCGS PR-70 Gold Buff - sold for $1,948.00

    2008-W 1/2 oz. PCGS PR-70 Gold Buff - sold for $1,901.00

    2008-W Unc Gold Buffs, 4-Coin Set in Box - sold for $5,117.83

    And for you Plat collectors that have the Low Mintage 1/2 ozer:

    2008-W 1/2 oz. Burnished Plat in Box - sold for $1,276.00
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • GritsManGritsMan Posts: 2,599 ✭✭✭
    Thanks for posting these JMSKI! Fascinating!
    Winner of the Coveted Devil Award June 8th, 2010
  • MilesWaitsMilesWaits Posts: 5,427 ✭✭✭✭✭
    Thanks for posting the results!!

    It's good to see the 2008-W MS Half Ounce Plat rise up a bit......After all, it is the LOWEST in Mintage for the mooooderns!

    Miles
    Now riding the swell in PM's and surf.

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