High price of gold Decline in collector base. Interrupted sales for development of pricing grid. Poor ecconomy. Excess US Mint offerings.
I'll add one other factor that likely impacted sales of Army and MOH................Overlap of product offering in relation to target market. .
In other years where there were two different gold coins offered to collectors they were always directed at different target markets or appealed to different affiliated groups....................
1992 Olympics and Columbus 1995 Olympics and Civil War 1996 Olympics and Smithsonian etc.
In 2011 I would argue that the basic profile/demographics of someone who was interested in the Army coin was very similar to those with interest in the MOH.
2 expensive coins offered at same time, to basically the same target market, likely resulted in some reduction of sales for each coin.
Many people may have wanted both but could simply only afford one.
<< <i>In other years where there were two different gold coins offered to collectors they were always directed at different target markets or appealed to different affiliated groups.................... >>
Here is the most extreme case of same theme commemorative coin program: The 1995/1996 olympic commemorative coins. That was 32 different coins in proof and uncirculated all with the same 1996 olympic theme. Because of "same theme saturation", the 1996 Olympic commemorative coins include all five of the lowest mintages in the uncirculated commem dollars.
<< <i>High price of gold Decline in collector base. Interrupted sales for development of pricing grid. Poor ecconomy. Excess US Mint offerings.
I'll add one other factor that likely impacted sales of Army and MOH................Overlap of product offering in relation to target market. .
In other years where there were two different gold coins offered to collectors they were always directed at different target markets or appealed to different affiliated groups....................
1992 Olympics and Columbus 1995 Olympics and Civil War 1996 Olympics and Smithsonian etc.
In 2011 I would argue that the basic profile/demographics of someone who was interested in the Army coin was very similar to those with interest in the MOH.
2 expensive coins offered at same time, to basically the same target market, likely resulted in some reduction of sales for each coin.
Many people may have wanted both but could simply only afford one. >>
Si vis pacem, para bellum
In God We Trust.... all others pay in Gold and Silver!
<< High price of gold Decline in collector base. Interrupted sales for development of pricing grid. Poor ecconomy. Excess US Mint offerings.
I'll add one other factor that likely impacted sales of Army and MOH................Overlap of product offering in relation to target market. .
In other years where there were two different gold coins offered to collectors they were always directed at different target markets or appealed to different affiliated groups....................
1992 Olympics and Columbus 1995 Olympics and Civil War 1996 Olympics and Smithsonian etc.
In 2011 I would argue that the basic profile/demographics of someone who was interested in the Army coin was very similar to those with interest in the MOH.
2 expensive coins offered at same time, to basically the same target market, likely resulted in some reduction of sales for each coin.
Many people may have wanted both but could simply only afford one. >>
I would like to add that there were so many offerings last year that cut into peoples budgits. Not only the Army and MOH gold you also had the ATB that early on people could not live without and the 25th Anniversary set, 2011 W $50 gold unc., and the annual sets with low mintage etc.
This auction ended yesterday and tells me that these coins are moving up in price. Will it sustain itself over the long haul? I don't know but I sure hope it does. FWIW I like the design of the MOH better but am also an army veteran so naturally I had to have 1 of each in unc. link
Beer is Proof that God loves us and wants us to be happy -Benjamin Franklin-
Your comment supports what I have suggested is a long term plus for both the Army and MOH gold commemoratives.......
First is thought that going forward they have a natural deep well of support from the 20+ million US veterans and 10+ million army veterans in particular.
Sure beats out the Capital Vistors Center support group..............
Secondly that there is significant appeal of both coins to many in that large natural target base.
I wonder what the final mintage numbers will be? The army unc. could settle under 8000 could it not? When considering any returns after the ordering period it certainly could be a posibility. It wouldn't make a difference in the mintage rankings but, a sub 8000 mintage could help elevate the value of it as well.
Beer is Proof that God loves us and wants us to be happy -Benjamin Franklin-
I wouldn't be surprised we see the raw MS coins going close to $1k with the proof a couple hundred under that figure this summer. The FS MS70 and even the FS PR70 coins are going to be big winners down the road.
If those numbers are realized I sure would like to think they could be maintained throughout future years. But because sometimes the modern commem market can be bland and uneventful it's nice every once in a while to have a little spark to continue collecting them.
Beer is Proof that God loves us and wants us to be happy -Benjamin Franklin-
Coins 101: Without strong DEMAND coming in, these coins will likely go "nowhere fast". I would not be surprised to see them at the same place they are right now by the Summer, unless something changes between now and then. I will certainly be keeping my eyes open to see if that happens. I have not seen it yet.
I hope I am wrong as I have some coins in stock including another one I just bought from a forum member in the $500's this past week. I just hope it does not go the way of the 2002 SLC $5 ... ten years of essentially no interest and a coin worth about melt to this day.
Wondercoin
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
Coins 101: Without strong DEMAND coming in, these coins will likely go "nowhere fast". I would not be surprised to see them at the same place they are right now by the Summer, unless something changes between now and then. I will certainly be keeping my eyes open to see if that happens. I have not seen it yet.
I hope I am wrong as I have some coins in stock including another one I just bought from a forum member in the $500's this past week. I just hope it does not go the way of the 2002 SLC $5 ... ten years of essentially no interest and a coin worth about melt to this day.
Wondercoin >>
Hi Wondercoin- It's interesting you bring up the SLC. I own the unc. but used to own the proof, but I wonder if it didn't take off because of a mintage of over 10,000. I think the '02 SLC $5 unc. is an eye-appealing design.
Beer is Proof that God loves us and wants us to be happy -Benjamin Franklin-
Ajman: Think about it ... a 10,500 mintage back in 2002 for a US gold coin vs. an 8,000 mintage 10 years later for a US gold coin. How excited can I get today when US gold coins with 3,500-5,000 mintages are "popping out" every 90 days. I was pretty excited back in 2002 with the SLC 10,500 mintage!!
Wondercoin
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
<< <i>Ajman: Think about it ... a 10,500 mintage back in 2002 for a US gold coin vs. an 8,000 mintage 10 years later for a US gold coin. How excited can I get today when US gold coins with 3,500-5,000 mintages are "popping out" every 90 days. I was pretty excited back in 2002 with the SLC 10,500 mintage!!
Wondercoin >>
I'm not sure comparing the low mintage Spouse gold with slightly less low mintage commem gold is apples to apples. I assume that's what you are referring to.
The spouses do have some nice low pops, but it's a $10 coin, it doesn't have the same following as a commem set and some people are just against the idea of spouses on coins. That's sort of a triple whammy, which is a bummer, because I like the unc spouses. But I think the 2011 unc commem gold does have an opportunity.
Lanlord: I can only tell you MY excitement level ... LOW excitement for an 8,000 mintage $5 gold commem when I can buy myriad other US gold and platinum coins with lower mintages for less per the oz.
Let's see between now and Summer if MY excitement level grows (or others' excitement level lessens). Then we can all analyze the situation in real time and make adjustments for the next opportunity that comes our way.
Wondercoin
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
During this year another $5 gold coin comm comes out I think, and if sales are over 10k for this coin then the 2011 should bounce well higher is my guess.
<< <i>During this year another $5 gold coin comm comes out I think, and if sales are over 10k for this coin then the 2011 should bounce well higher is my guess. >>
Or because some collectors have expressed displeasure with the design, could we have another sub- 10000 mintage coin on our hands at the end of the year?
Beer is Proof that God loves us and wants us to be happy -Benjamin Franklin-
I think it will take several months for the market to "digest" the Army and MOH Unc $5 coins....... then after that the coins will be in "strong" hands" ....... the price will start to go up.
Once you get a couple of major stories (Coin World...ect) about the final official mintage numbers street collectors will start searching for coins and the prices should take off.
Si vis pacem, para bellum
In God We Trust.... all others pay in Gold and Silver!
<< <i>During this year another $5 gold coin comm comes out I think, and if sales are over 10k for this coin then the 2011 should bounce well higher is my guess. >>
Or because some collectors have expressed displeasure with the design, could we have another sub- 10000 mintage coin on our hands at the end of the year? >>
I don't see that happening. 2011 had two $5 gold commen's with nearly the same exact subject matter ! That equated to quite a bit of collector dilution as many people chose one coin over the other. This year collectors won't have to chose between two so I'm betting the coin has no problem breaking the 10K mark. Obviously no one knows for certain, and the 2012 coin could very well come in with an uber-low mintage for whatever reason, but my gut tells me the lack of another $5 gold commen to compete with will result in higher sales.
**EDIT -- I'm still looking for a nice, clean to the naked eye, Army unc coin for my collection for $600 delivered .
<< <i>During this year another $5 gold coin comm comes out I think, and if sales are over 10k for this coin then the 2011 should bounce well higher is my guess. >>
Or because some collectors have expressed displeasure with the design, could we have another sub- 10000 mintage coin on our hands at the end of the year? >>
I don't see that happening. 2011 had two $5 gold commen's with nearly the same exact subject matter ! That equated to quite a bit of collector dilution as many people chose one coin over the other. This year collectors won't have to chose between two so I'm betting the coin has no problem breaking the 10K mark. Obviously no one knows for certain, and the 2012 coin could very well come in with an uber-low mintage for whatever reason, but my gut tells me the lack of another $5 gold commen to compete with will result in higher sales.
**EDIT -- I'm still looking for a nice, clean to the naked eye, Army unc coin for my collection for $600 delivered . >>
Here's one that has a shot at the criteria you're interested in, don't know if it'll make it though. I think the train has left the station for finding anything for 6 Benjamin's.
Beer is Proof that God loves us and wants us to be happy -Benjamin Franklin-
There's currently a clut of the clad UNC halfs that just a few flippers are selling for about $60 raw and about $75 for NGC ERs. Very few PCGS coins are on the market at the moment. Once the volume sellers run out (I suspect they have hundreds of these) prices should drift even higher.
"I'll split the atom! I am the fifth dimension! I am the eighth wonder of the world!" -Gef the talking mongoose.
<< <i>There's currently a clut of the clad UNC halfs that just a few flippers are selling for about $60 raw and about $75 for NGC ERs. Very few PCGS coins are on the market at the moment. Once the volume sellers run out (I suspect they have hundreds of these) prices should drift even higher. >>
There was a PCGS 69 example that closed not to long ago a bit over $125. It wasn't a FS, just the plain-jane label.
I still think there's upside for all the military commems, I have a brother who is ex-82nd Airborne, a son-in-law, 2 nephews and a niece who are active duty and none of them even knew these existed until I told them. It will take a while for the news to reach the non-numismatic channels.
<< <i>**EDIT -- I'm still looking for a nice, clean to the naked eye, Army unc coin for my collection for $600 delivered . >>
<< <i>Here's one that has a shot at the criteria you're interested in, don't know if it'll make it though. I think the train has left the station for finding anything for 6 Benjamin's. >>
I guessing the one in your link will be north of 6 bills. It seems the people that have them are holding tight. I made a couple offers around the $600 mark on some raw BIN/Offer and they were all turned down. It seems all the PCGS FS 70's (MS & PR) are currently listed for over $1k and as I pointed out, one sold for $1.5k. The raw coins were selling for a little over $500 around Christmas and now . . . . On the other hand, this may only be a spike though you would have thought the FS spike would of happened a long time ago.
<< <i>Yeah I think that auction will end somewhere between $650- $700 easily. I hope they keep on climbing cuz I intend to hold mine for the long term. >>
Yes, I am in a position where I can hold them long term.
<< <i>During this year another $5 gold coin comm comes out I think, and if sales are over 10k for this coin then the 2011 should bounce well higher is my guess. >>
Or because some collectors have expressed displeasure with the design, could we have another sub- 10000 mintage coin on our hands at the end of the year? >>
I don't see that happening. 2011 had two $5 gold commen's with nearly the same exact subject matter ! That equated to quite a bit of collector dilution as many people chose one coin over the other. This year collectors won't have to chose between two so I'm betting the coin has no problem breaking the 10K mark. Obviously no one knows for certain, and the 2012 coin could very well come in with an uber-low mintage for whatever reason, but my gut tells me the lack of another $5 gold commen to compete with will result in higher sales.
**EDIT -- I'm still looking for a nice, clean to the naked eye, Army unc coin for my collection for $600 delivered . >>
The fact that you are still looking and there have been no takers on your offer, indicates that this coin could be a winner.
The new higher mint issue prices scared away a lot of customers IMO. This was due to the high cost of gold bullion.
We have seen that as prices go up for gold bullion that the numismatic premium for some coins, especially low grade generic gold, goes to nothing or virtually nothing. I don't know if the Medal of Honor and Army gold coins are going to have that much of a numismatic premium if the bullion price remains high. If the price of bullion drops, you could see the collector premium go up only to be more than off set by the lower value of bullion.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
We can rant and rave all we want about our favorite coin or series, we can compare one example to another, one series to another, but in the end if marketplace price is how you measure a coins value then "Price is truth"
Design-metal base -mintage-finish-marketing-eye appeal-whatever measure you apply............................
<< <i>The new higher mint issue prices scared away a lot of customers IMO. This was due to the high cost of gold bullion.
We have seen that as prices go up for gold bullion that the numismatic premium for some coins, especially low grade generic gold, goes to nothing or virtually nothing. I don't know if the Medal of Honor and Army gold coins are going to have that much of a numismatic premium if the bullion price remains high. If the price of bullion drops, you could see the collector premium go up only to be more than off set by the lower value of bullion. >>
They are currently selling for close to $700 that is a heck of a numismatic premium over the price of bullion.
<< <i>There's currently a clut of the clad UNC halfs that just a few flippers are selling for about $60 raw and about $75 for NGC ERs. Very few PCGS coins are on the market at the moment. Once the volume sellers run out (I suspect they have hundreds of these) prices should drift even higher. >>
I've picked up about 6 NGC MS69ER for just over $50. Seems like a good deal in the long run.
<< <i>There's currently a clut of the clad UNC halfs that just a few flippers are selling for about $60 raw and about $75 for NGC ERs. Very few PCGS coins are on the market at the moment. Once the volume sellers run out (I suspect they have hundreds of these) prices should drift even higher. >>
I've picked up about 6 NGC MS69ER for just over $50. Seems like a good deal in the long run. >>
I sold 10 raw ones around $60. I've picked up a few NGC 69's as well. NGC 70's are POP 15 for the clad. Not many PCGS hitting yet to be sure.
Currently working with nurmaler. Older transactions....circa 2011 BST transactions Gecko109, Segoja, lpinion, Agblox, oldgumballmachineswanted,pragmaticgoat, CharlieC, onlyroosies, timrutnat, ShinyThingsInPM under login lightcycler
Here are the ebay completed listings for the $5 unc. army from 12/20/11- 1/17/12. They seem to be selling fairly well with well over a month since going dark. link Here are the completed listings for the $5 MOH, also doing well. link
Beer is Proof that God loves us and wants us to be happy -Benjamin Franklin-
<< <i>Feel like I need to brag as my grades just posted. Submitted 3 MOHs - 2 MS and 1 Poof, all 3 came back 70... TGIF >>
Congrats! Since we're on the subject of bragging I guess it's not out of line to mention the fact that I snagged another MoH unc at a tiny local show last weekend for $460. That's the third one I've purchased since the sell-out that was foolishly under-priced . I wish it had been the Army coin as I only have one of those and plenty of the MoH, but I'm not about to complain .
There's a small show in Tampa this weekend that I may hit just to see if I can find a cheap Army unc.
Comments
Decline in collector base.
Interrupted sales for development of pricing grid.
Poor ecconomy.
Excess US Mint offerings.
I'll add one other factor that likely impacted sales of Army and MOH................Overlap of product offering in relation to target market. .
In other years where there were two different gold coins offered to collectors they were always directed at different target markets or appealed to different affiliated groups....................
1992 Olympics and Columbus
1995 Olympics and Civil War
1996 Olympics and Smithsonian
etc.
http://www.usmint.gov/mint_programs/commemoratives/?action=modern
In 2011 I would argue that the basic profile/demographics of someone who was interested in the Army coin was very similar to those with interest in the MOH.
2 expensive coins offered at same time, to basically the same target market, likely resulted in some reduction of sales for each coin.
Many people may have wanted both but could simply only afford one.
they of course sit in a bank vault
<< <i>In other years where there were two different gold coins offered to collectors they were always directed at different target markets or appealed to different affiliated groups.................... >>
Here is the most extreme case of same theme commemorative coin program: The 1995/1996 olympic commemorative coins. That was 32 different coins in proof and uncirculated all with the same 1996 olympic theme.
Because of "same theme saturation", the 1996 Olympic commemorative coins include all five of the lowest mintages in the uncirculated commem dollars.
<< <i>High price of gold
Decline in collector base.
Interrupted sales for development of pricing grid.
Poor ecconomy.
Excess US Mint offerings.
I'll add one other factor that likely impacted sales of Army and MOH................Overlap of product offering in relation to target market. .
In other years where there were two different gold coins offered to collectors they were always directed at different target markets or appealed to different affiliated groups....................
1992 Olympics and Columbus
1995 Olympics and Civil War
1996 Olympics and Smithsonian
etc.
http://www.usmint.gov/mint_programs/commemoratives/?action=modern
In 2011 I would argue that the basic profile/demographics of someone who was interested in the Army coin was very similar to those with interest in the MOH.
2 expensive coins offered at same time, to basically the same target market, likely resulted in some reduction of sales for each coin.
Many people may have wanted both but could simply only afford one. >>
In God We Trust.... all others pay in Gold and Silver!
Decline in collector base.
Interrupted sales for development of pricing grid.
Poor ecconomy.
Excess US Mint offerings.
I'll add one other factor that likely impacted sales of Army and MOH................Overlap of product offering in relation to target market. .
In other years where there were two different gold coins offered to collectors they were always directed at different target markets or appealed to different affiliated groups....................
1992 Olympics and Columbus
1995 Olympics and Civil War
1996 Olympics and Smithsonian
etc.
http://www.usmint.gov/mint_programs/commemoratives/?action=modern
In 2011 I would argue that the basic profile/demographics of someone who was interested in the Army coin was very similar to those with interest in the MOH.
2 expensive coins offered at same time, to basically the same target market, likely resulted in some reduction of sales for each coin.
Many people may have wanted both but could simply only afford one. >>
I would like to add that there were so many offerings last year that cut into peoples budgits. Not only the Army and MOH gold you also had the ATB that early on people could not live without and the 25th Anniversary set, 2011 W $50 gold unc., and the annual sets with low mintage etc.
No Way Out: Stimulus and Money Printing Are the Only Path Left
<< <i>For what is worth sales on Ebay seem to be between $600-$700 for raw examples of Army and MOH. >>
Anyone with an Army unc that wants to make a quick tidy profit should check the BST forum as some nut is offering $600 for a nice example
I was fortunate enough to buy a number of the MoH coins, but I simply didn't have the money for the Army coins too.
http://www.ebay.com/itm/2011-U-S-Army-Commemorative-5-Gold-Coin-Uncirculated-BU-7-718-Mintage-/250966788337?pt=Coins_US_Individual&hash=item3a6ec948f1
First is thought that going forward they have a natural deep well of support from the 20+ million US veterans and 10+ million army veterans in particular.
Sure beats out the Capital Vistors Center support group..............
Secondly that there is significant appeal of both coins to many in that large natural target base.
Sounds like I did good for once.
Coins 101: Without strong DEMAND coming in, these coins will likely go "nowhere fast". I would not be surprised to see them at the same place they are right now by the Summer, unless something changes between now and then. I will certainly be keeping my eyes open to see if that happens. I have not seen it yet.
I hope I am wrong as I have some coins in stock including another one I just bought from a forum member in the $500's this past week. I just hope it does not go the way of the 2002 SLC $5 ... ten years of essentially no interest and a coin worth about melt to this day.
Wondercoin
<< <i>Just my 2 cents:
Coins 101: Without strong DEMAND coming in, these coins will likely go "nowhere fast". I would not be surprised to see them at the same place they are right now by the Summer, unless something changes between now and then. I will certainly be keeping my eyes open to see if that happens. I have not seen it yet.
I hope I am wrong as I have some coins in stock including another one I just bought from a forum member in the $500's this past week. I just hope it does not go the way of the 2002 SLC $5 ... ten years of essentially no interest and a coin worth about melt to this day.
Wondercoin >>
Hi Wondercoin- It's interesting you bring up the SLC. I own the unc. but used to own the proof, but I wonder if it didn't take off because of a mintage of over 10,000. I think the '02 SLC $5 unc. is an eye-appealing design.
Wondercoin
<< <i>Ajman: Think about it ... a 10,500 mintage back in 2002 for a US gold coin vs. an 8,000 mintage 10 years later for a US gold coin. How excited can I get today when US gold coins with 3,500-5,000 mintages are "popping out" every 90 days. I was pretty excited back in 2002 with the SLC 10,500 mintage!!
Wondercoin >>
I'm not sure comparing the low mintage Spouse gold with slightly less low mintage commem gold is apples to apples. I assume that's what you are referring to.
The spouses do have some nice low pops, but it's a $10 coin, it doesn't have the same following as a commem set and some people are just against the idea of spouses on coins. That's sort of a triple whammy, which is a bummer, because I like the unc spouses. But I think the 2011 unc commem gold does have an opportunity.
Let's see between now and Summer if MY excitement level grows (or others' excitement level lessens). Then we can all analyze the situation in real time and make adjustments for the next opportunity that comes our way.
Wondercoin
Army MS70
but, only time will tell.
<< <i>During this year another $5 gold coin comm comes out I think, and if sales are over 10k for this coin then the 2011 should bounce well higher is my guess. >>
Or because some collectors have expressed displeasure with the design, could we have another sub- 10000 mintage coin on our hands at the end of the year?
Once you get a couple of major stories (Coin World...ect) about the final official mintage numbers street collectors will start searching for coins and the prices should take off.
In God We Trust.... all others pay in Gold and Silver!
<< <i>
<< <i>During this year another $5 gold coin comm comes out I think, and if sales are over 10k for this coin then the 2011 should bounce well higher is my guess. >>
Or because some collectors have expressed displeasure with the design, could we have another sub- 10000 mintage coin on our hands at the end of the year? >>
I don't see that happening. 2011 had two $5 gold commen's with nearly the same exact subject matter
**EDIT -- I'm still looking for a nice, clean to the naked eye, Army unc coin for my collection for $600 delivered
<< <i>
<< <i>
<< <i>During this year another $5 gold coin comm comes out I think, and if sales are over 10k for this coin then the 2011 should bounce well higher is my guess. >>
Or because some collectors have expressed displeasure with the design, could we have another sub- 10000 mintage coin on our hands at the end of the year? >>
I don't see that happening. 2011 had two $5 gold commen's with nearly the same exact subject matter
**EDIT -- I'm still looking for a nice, clean to the naked eye, Army unc coin for my collection for $600 delivered
Here's one that has a shot at the criteria you're interested in, don't know if it'll make it though. I think the train has left the station for finding anything for 6 Benjamin's.
<< <i>There's currently a clut of the clad UNC halfs that just a few flippers are selling for about $60 raw and about $75 for NGC ERs. Very few PCGS coins are on the market at the moment. Once the volume sellers run out (I suspect they have hundreds of these) prices should drift even higher. >>
There was a PCGS 69 example that closed not to long ago a bit over $125. It wasn't a FS, just the plain-jane label.
<< <i>**EDIT -- I'm still looking for a nice, clean to the naked eye, Army unc coin for my collection for $600 delivered . >>
<< <i>Here's one that has a shot at the criteria you're interested in, don't know if it'll make it though. I think the train has left the station for finding anything for 6 Benjamin's. >>
I guessing the one in your link will be north of 6 bills. It seems the people that have them are holding tight. I made a couple offers around the $600 mark on some raw BIN/Offer and they were all turned down. It seems all the PCGS FS 70's (MS & PR) are currently listed for over $1k and as I pointed out, one sold for $1.5k. The raw coins were selling for a little over $500 around Christmas and now . . . . On the other hand, this may only be a spike though you would have thought the FS spike would of happened a long time ago.
<< <i>Yeah I think that auction will end somewhere between $650- $700 easily. I hope they keep on climbing cuz I intend to hold mine for the long term. >>
Yes, I am in a position where I can hold them long term.
<< <i>
<< <i>
<< <i>During this year another $5 gold coin comm comes out I think, and if sales are over 10k for this coin then the 2011 should bounce well higher is my guess. >>
Or because some collectors have expressed displeasure with the design, could we have another sub- 10000 mintage coin on our hands at the end of the year? >>
I don't see that happening. 2011 had two $5 gold commen's with nearly the same exact subject matter
**EDIT -- I'm still looking for a nice, clean to the naked eye, Army unc coin for my collection for $600 delivered
The fact that you are still looking and there have been no takers on your offer, indicates that this coin could be a winner.
We have seen that as prices go up for gold bullion that the numismatic premium for some coins, especially low grade generic gold, goes to nothing or virtually nothing. I don't know if the Medal of Honor and Army gold coins are going to have that much of a numismatic premium if the bullion price remains high. If the price of bullion drops, you could see the collector premium go up only to be more than off set by the lower value of bullion.
We can rant and rave all we want about our favorite coin or series, we can compare one example to another, one series to another, but in the end if marketplace price is how you measure a coins value then "Price is truth"
Design-metal base -mintage-finish-marketing-eye appeal-whatever measure you apply............................
"Price is truth"
<< <i>The new higher mint issue prices scared away a lot of customers IMO. This was due to the high cost of gold bullion.
We have seen that as prices go up for gold bullion that the numismatic premium for some coins, especially low grade generic gold, goes to nothing or virtually nothing. I don't know if the Medal of Honor and Army gold coins are going to have that much of a numismatic premium if the bullion price remains high. If the price of bullion drops, you could see the collector premium go up only to be more than off set by the lower value of bullion. >>
They are currently selling for close to $700 that is a heck of a numismatic premium over the price of bullion.
<< <i>There's currently a clut of the clad UNC halfs that just a few flippers are selling for about $60 raw and about $75 for NGC ERs. Very few PCGS coins are on the market at the moment. Once the volume sellers run out (I suspect they have hundreds of these) prices should drift even higher. >>
I've picked up about 6 NGC MS69ER for just over $50. Seems like a good deal in the long run.
<< <i>
<< <i>There's currently a clut of the clad UNC halfs that just a few flippers are selling for about $60 raw and about $75 for NGC ERs. Very few PCGS coins are on the market at the moment. Once the volume sellers run out (I suspect they have hundreds of these) prices should drift even higher. >>
I've picked up about 6 NGC MS69ER for just over $50. Seems like a good deal in the long run. >>
I sold 10 raw ones around $60. I've picked up a few NGC 69's as well. NGC 70's are POP 15 for the clad. Not many PCGS hitting yet to be sure.
<< <i>Feel like I need to brag as my grades just posted. Submitted 3 MOHs - 2 MS and 1 Poof, all 3 came back 70... TGIF
Nice! The MS ones especially-- they had some problems this year.
<< <i>Feel like I need to brag as my grades just posted. Submitted 3 MOHs - 2 MS and 1 Poof, all 3 came back 70... TGIF
Congratulations! Did you cherrypick the ones you submitted?
<< <i>Feel like I need to brag as my grades just posted. Submitted 3 MOHs - 2 MS and 1 Poof, all 3 came back 70... TGIF
Congrats! Since we're on the subject of bragging I guess it's not out of line to mention the fact that I snagged another MoH unc at a tiny local show last weekend for $460. That's the third one I've purchased since the sell-out that was foolishly under-priced
There's a small show in Tampa this weekend that I may hit just to see if I can find a cheap Army unc.