<< <i>Household limit is only 50 coins. Wonder what it is for the big bullion dealers. >>
I wonder what price discount they will be getting for bulk purchases.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
And don't forget in 2009 with the UHR they didn't ship post on-sale for quite awhile as the jacked up the booklets.
And then there was the one guy Charlie that ordered what, something like 1/2 hour into the process and his coin somehow shipped out, and graded PCGS 70 and he sold it for 10G's...
Will these sell out in a day in the question? I have a feeling they will and will purchase my HH limit. I wish the silver was going to be struck. I wanted it for a pocket piece!
Positive BST Deals as a seller : Wondercoin, Chumlee, Jerster, Perry Hall , DMarks, MWK, drewsef, SoCalBigMark, Lakesammman, Nurmaler
This is too ludicrous to believe! A HH limit of 50 for a 1 oz. gold with a mintage of 50,000 - but a HH limit of 2 for a brass-manganese dollar with a mintage of 17,000???
In one instance, it's ok to drop $75,000 on 50 gold pieces, but in another instance, it' NOT OK to buy (5) sets at $57.95/each. "Fairness" must prevail, you know!
This is gross mismanagement, plain & simple. Where else but a big government agency can such irrational and stupid policy decisions be made with such regularity?
c-r-o-n-y c-a-p-i-t-a-l-i-s-m
Heck, it's not even capitalism.
Q: Are You Printing Money? Bernanke: Not Literally
<< <i>This is too ludicrous to believe! A HH limit of 50 for a 1 oz. gold with a mintage of 50,000 - but a HH limit of 2 for a brass-manganese dollar with a mintage of 17,000???
In one instance, it's ok to drop $75,000 on 50 gold pieces, but in another instance, it' NOT OK to buy (5) sets at $57.95/each. "Fairness" must prevail, you know!
This is gross mismanagement, plain & simple. Where else but a big government agency can such irrational and stupid policy decisions be made with such regularity?
c-r-o-n-y c-a-p-i-t-a-l-i-s-m
Heck, it's not even capitalism. >>
A post like this would have 6 or 7 replies by now, back in the good old days, Comrade.
Lots of people won't be getting the HR Gold just because of the cost. You could buy 25 C&C sets for each HR. Theoretically there will be 25 times as many buyers for the C&C. That's why the HH limit of 2...to avoid the 15 minute sell out. Maybe it will take a couple hours LOLOL
Im going to guess the big bullyon dealer will buy up the entire mintage on bulk purchase. But not to worry, they'll be selling First Day of Issue on July 30.
Isn't it safe to say these will be available for a few days? I'm assuming they'll be $1500 a pop, most can only afford 1, like myself. Not crazy about the design, the reverse is appealing, but the obverse is, can't find the word.
For awhile, I have been thinking this design looked a little familiar... well finally figured out what I was remembering! This one from Canada from 2013. Maybe some inspiration for this new high relief came from north of the border?
>>
Personally speaking as a Canadian, I much Much MUCH prefer this high relief US coin over the Canadian "allegory" coin which I find, frankly, silly. The US coin also has a great eagle design on the other side. On the other side of the Canadian coin? Some British lady. I'm really looking forward to this new high relief coin... although they can be tricky to photo.
Yeah, Senor Freud, from across the other border (where Trumps says our real problems are). is right in that you gotta dump that "lady" and let go of the Oedipus complex.
Come to the eagle... you will feel better. Better be quick, though!
Sorry, don't feel like this one will be a winner like the 09 HR. It may sell out, but it is not a must for my collection. Next years 100th Anniversary of walking liberty appeals more to me, even though I don't like them in gold but they are less like to spot than if they made them in silver.
It may take a few days but they will sell out. I can see many coin dealers and bullion companies placing multiple orders for the limit using different employee names but most of these coins will go to individual collectors and speculators. Let's face it that 50,000 is not that many coins---about a tenth of the mintage of the 1909 svdb cent.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
It's one time for 2015. In future years anything is possible. With gold in a downward spiral there will be plenty of opportunities to buy this coin cheaper later on.
" If you push something hard enough, it will fall over. " The 1st Law of Opposition from The Firesign Theater
<< <i>It may take a few days but they will sell out. I can see many coin dealers and bullion companies placing multiple orders for the limit using different employee names but most of these coins will go to individual collectors and speculators. Let's face it that 50,000 is not that many coins---about a tenth of the mintage of the 1909 svdb cent. >>
If you examine the sales of the 2013 RP Buffalo ($100 to $150 above the price of the HR coin, but gold itself had a higher spot price, and both are a 1ozt 24k coin), it would have taken about 2 more days to hit 50K. (That's 30 days. The RP Buffalo had a 4 week sales window.)
I wish the mint would put up a daily sales counter on special offerings like these. I'd really like to compare sales data at a finer granularity than a week.
I suppose that fixes the over/under at 30 days to sell out.
Flipper alert : The bar has been set high for graded 70'S by a big dealer. Presale NGC MS70 and PCGS MS70 prices for both are $2,495 check/wire and $2,595 for credit card/ paypal purchases. Thoes are expensive labels and is more that the price of 2 ounces of gold bullion. Interesting there is no premium for PCGS over NGC.
" If you push something hard enough, it will fall over. " The 1st Law of Opposition from The Firesign Theater
<< <i>It's one time for 2015. In future years anything is possible. With gold in a downward spiral there will be plenty of opportunities to buy this coin cheaper later on. >>
As was said prior to the release of the 2009 UHR, but never after
<< <i>London spot closed at $1088.60 on Wed, $1097.40 yesterday, $1083.75 today.
If the Average London fix is still below $1100 on Wednesday, and Wednesday's fix is below $1100, the price of the 2015 HR coin will be $1490... >>
That's still a hell of a premium over melt value. Of course price gouging is nothing new for the US Mint.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>It's one time for 2015. In future years anything is possible. With gold in a downward spiral there will be plenty of opportunities to buy this coin cheaper later on. >>
As was said prior to the release of the 2009 UHR, but never after >>
The 2009 UHR had a mintage of over 114,000 while the 2015 HR Liberty will only have a mintage of 50,000. I'm guessing this coin will be a winner.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>London spot closed at $1088.60 on Wed, $1097.40 yesterday, $1083.75 today.
If the Average London fix is still below $1100 on Wednesday, and Wednesday's fix is below $1100, the price of the 2015 HR coin will be $1490... >>
That's still a hell of a premium over melt value. Of course price gouging is nothing new for the US Mint. >>
True, but it's better than $1540!
With a special size blanks and unique dies, I would expect a premium over the 1ozt 24k Buff. (The RP Buff came in at the same price as the proof, but it was just a different die prep than the proof...) A $50 premium over the Buff is a bit much, but with 1ozt gold, it seems the Mint can only talk in $50 increments...
And yes, I'm completely ignoring the $400 premium over spot. I'm getting one of these, and it makes it less painful. HAhahahahaha....
<< <i>London spot closed at $1088.60 on Wed, $1097.40 yesterday, $1083.75 today.
If the Average London fix is still below $1100 on Wednesday, and Wednesday's fix is below $1100, the price of the 2015 HR coin will be $1490... >>
That's still a hell of a premium over melt value. Of course price gouging is nothing new for the US Mint. >>
True, but it's better than $1540!
With a special size blanks and unique dies, I would expect a premium over the 1ozt 24k Buff. (The RP Buff came in at the same price as the proof, but it was just a different die prep than the proof...) A $50 premium over the Buff is a bit much, but with 1ozt gold, it seems the Mint can only talk in $50 increments...
And yes, I'm completely ignoring the $400 premium over spot. I'm getting one of these, and it makes it less painful. HAhahahahaha.... >>
If they sell out they could be worth a whole lot more than what you paid for it.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Usually there are 1 to 2 dealers out there that price PCGS FS 70's at around $200 over US Mint raw pricing......but you have to act super fast and buy their pre-sale.
Made it. Average London fix for the week is below $1100. If London gold fix closes below $1100 tomorrow, the 2015 HR coin will be $1490. If it closes $1100 or above, the coin will be $1540...
<< <i>Made it. Average London fix for the week is below $1100. If London gold fix closes below $1100 tomorrow, the 2015 HR coin will be $1490. If it closes $1100 or above, the coin will be $1540... >>
For once I'm hoping gold doesn't go up in value.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>Made it. Average London fix for the week is below $1100. If London gold fix closes below $1100 tomorrow, the 2015 HR coin will be $1490. If it closes $1100 or above, the coin will be $1540... >>
For once I'm hoping gold doesn't go up in value. >>
True dat as it will help me decide between 49 or 50.
This has been an indecisive choice. First hated design, then it grew on me and decided to go for it until the $400 premium pricing. I realize there is overhead but cannot comprehend $20,000,000 @ $400 x 50k units needed to make this offering viable.
Looking back I had same desire to purchase the reverse proof buffalo and glad I passed. Never cared for the Kennedy gold but it did not hold up well.
With the high 35% premium, falling gold prices I will have to hold out. Truely hope it is sucessfull and all units are sold so in the future I can get one after the pump has subsided. With lack of discussion regarding this vs past items I am now curious if it will sell 50,000 units. The mint upped their household limit to 50... That tells me they want to get this moved quickly. The question is are they concerned over falling gold prices reducing profit margin or general lack of interest.
If this is a hot seller than they should follow up with silver, if sales linger doubt silver would be considered for 2016.
People are trying to compare this to the 2009 UHR which I did buy but I am beginning to compare to the limited platinum eagle sets. They were a one off offering as well.
<< <i> The mint upped their household limit to 50... >>
Originally there was no limit until the mint set it at 50. If it sells out fast they could lower the limit again.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Gold price volatility is dealt with via the mint open market buying gold to replace the gold they sell. If they sell 25,000 this week they will be on the market buying ~25,000 ounces.
They borrow the gold from the treasury for minting and replace it with the above market buys.
==== Silver - they have a hedging partner ==== Platinum - they lease it
Comments
<< <i>Household limit is only 50 coins.
Wonder what it is for the big bullion dealers.
I wonder what price discount they will be getting for bulk purchases.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
And then there was the one guy Charlie that ordered what, something like 1/2 hour into the process and his coin somehow shipped out, and graded PCGS 70 and he sold it for 10G's...
That was a neat story to follow.
Gee, I wonder what grades they are getting......they should be available on Aug. 1st.
I knew it would happen.
<< <i>Probably means MCM, HSN and a few other dealers have taken 48k of the 50k mintage already.
Gee, I wonder what grades they are getting......they should be available on Aug. 1st. >>
MCM says the expect to begin shipping on Aug. 4.
<< <i>
<< <i>Probably means MCM, HSN and a few other dealers have taken 48k of the 50k mintage already.
Gee, I wonder what grades they are getting......they should be available on Aug. 1st. >>
MCM says the expect to begin shipping on Aug. 4.
Wondering what they sale for Pcgs 70, hope same price as gold buffalo.
50,000,
$1500 price range,
50 HH limit,
That is only 1,000 buyers ($75,000 ea.)
Alex
<< <i>I don't think there will be anywhere close to 1000 buyers that purchase the household limit of 50... that's just too much money >>
That HH limit wasn't done for folks like you or I, it was done to appease the businesses/retailers. MCMs, HSN, etc.
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
U.S. Population
That is over 3.2 million individuals with deep pockets.
1,000 buyers = 0.03% of deep pocket folks. They will definitely sell out in a few hours.
I'm in for my household limit which is ZERO 'cause I'm broke like a joke.
Unless I skip my mortgage payment and pay a late fee??
Alex
In one instance, it's ok to drop $75,000 on 50 gold pieces, but in another instance, it' NOT OK to buy (5) sets at $57.95/each. "Fairness" must prevail, you know!
This is gross mismanagement, plain & simple. Where else but a big government agency can such irrational and stupid policy decisions be made with such regularity?
c-r-o-n-y c-a-p-i-t-a-l-i-s-m
Heck, it's not even capitalism.
I knew it would happen.
<< <i>This is too ludicrous to believe! A HH limit of 50 for a 1 oz. gold with a mintage of 50,000 - but a HH limit of 2 for a brass-manganese dollar with a mintage of 17,000???
In one instance, it's ok to drop $75,000 on 50 gold pieces, but in another instance, it' NOT OK to buy (5) sets at $57.95/each. "Fairness" must prevail, you know!
This is gross mismanagement, plain & simple. Where else but a big government agency can such irrational and stupid policy decisions be made with such regularity?
c-r-o-n-y c-a-p-i-t-a-l-i-s-m
Heck, it's not even capitalism. >>
A post like this would have 6 or 7 replies by now, back in the good old days, Comrade.
Im going to guess the big bullyon dealer will buy up the entire mintage on bulk purchase. But not to worry, they'll
be selling First Day of Issue on July 30.
Really cheap too. Only $2500 for a 70.
Not crazy about the design, the reverse is appealing, but the obverse is, can't find the word.
Hey man, I gave it my best shot!
I knew it would happen.
<< <i>
<< <i>
For awhile, I have been thinking this design looked a little familiar... well finally figured out what I was remembering! This one from Canada from 2013. Maybe some inspiration for this new high relief came from north of the border?
Personally speaking as a Canadian, I much Much MUCH prefer this high relief US coin over the Canadian "allegory" coin which I find, frankly, silly. The US coin also has a great eagle design on the other side. On the other side of the Canadian coin? Some British lady. I'm really looking forward to this new high relief coin... although they can be tricky to photo.
Radiant Collection: Numismatics and Exonumia of the Atomic Age.
https://www.pcgs.com/setregistry/showcase/3232
Come to the eagle... you will feel better. Better be quick, though!
Box of 20
<< <i>They will sell out in a few hours...
50,000,
$1500 price range,
50 HH limit,
That is only 1,000 buyers ($75,000 ea.) >>
You guys are silly.
<< <i>
<< <i>They will sell out in a few hours...
50,000,
$1500 price range,
50 HH limit,
That is only 1,000 buyers ($75,000 ea.) >>
You guys are silly. >>
It may take a few days but they will sell out. I can see many coin dealers and bullion companies placing multiple orders for the limit using different employee names but most of these coins will go to individual collectors and speculators. Let's face it that 50,000 is not that many coins---about a tenth of the mintage of the 1909 svdb cent.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Online Link.
The name is LEE!
Thanks--
plenty of opportunities to buy this coin cheaper later on.
<< <i>less than $75,000 now.
And a bargain at that price!
Still closed in London @ $1110, and the Mint bases the price on London close. NY looks to close at $1097.
Price at London close will have to average less than 1099.99 for a week.
This happened when the RP Buffalo went on sale, and cost $50 less than what was anticipated. Did the Chinese dump metal then, too?
(Edit: Had NY Spot $100 too high...)
<< <i>It may take a few days but they will sell out. I can see many coin dealers and bullion companies placing multiple orders for the limit using different employee names but most of these coins will go to individual collectors and speculators. Let's face it that 50,000 is not that many coins---about a tenth of the mintage of the 1909 svdb cent. >>
If you examine the sales of the 2013 RP Buffalo ($100 to $150 above the price of the HR coin, but gold itself had a higher spot price, and both are a 1ozt 24k coin), it would have taken about 2 more days to hit 50K. (That's 30 days. The RP Buffalo had a 4 week sales window.)
I wish the mint would put up a daily sales counter on special offerings like these. I'd really like to compare sales data at a finer granularity than a week.
I suppose that fixes the over/under at 30 days to sell out.
My guess is under. Maybe even under 4 weeks...
prices for both are $2,495 check/wire and $2,595 for credit card/ paypal purchases. Thoes are expensive labels and is more that the price of
2 ounces of gold bullion. Interesting there is no premium for PCGS over NGC.
Kidding.
If the Average London fix is still below $1100 on Wednesday, and Wednesday's fix is below $1100, the price of the 2015 HR coin will be $1490...
<< <i>It's one time for 2015. In future years anything is possible. With gold in a downward spiral there will be
plenty of opportunities to buy this coin cheaper later on. >>
As was said prior to the release of the 2009 UHR, but never after
<< <i>London spot closed at $1088.60 on Wed, $1097.40 yesterday, $1083.75 today.
If the Average London fix is still below $1100 on Wednesday, and Wednesday's fix is below $1100, the price of the 2015 HR coin will be $1490... >>
That's still a hell of a premium over melt value. Of course price gouging is nothing new for the US Mint.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>
<< <i>It's one time for 2015. In future years anything is possible. With gold in a downward spiral there will be
plenty of opportunities to buy this coin cheaper later on. >>
As was said prior to the release of the 2009 UHR, but never after >>
The 2009 UHR had a mintage of over 114,000 while the 2015 HR Liberty will only have a mintage of 50,000. I'm guessing this coin will be a winner.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>
<< <i>London spot closed at $1088.60 on Wed, $1097.40 yesterday, $1083.75 today.
If the Average London fix is still below $1100 on Wednesday, and Wednesday's fix is below $1100, the price of the 2015 HR coin will be $1490... >>
That's still a hell of a premium over melt value. Of course price gouging is nothing new for the US Mint.
True, but it's better than $1540!
With a special size blanks and unique dies, I would expect a premium over the 1ozt 24k Buff. (The RP Buff came in at the same price as the proof, but it was just a different die prep than the proof...) A $50 premium over the Buff is a bit much, but with 1ozt gold, it seems the Mint can only talk in $50 increments...
And yes, I'm completely ignoring the $400 premium over spot. I'm getting one of these, and it makes it less painful. HAhahahahaha....
<< <i>
<< <i>
<< <i>London spot closed at $1088.60 on Wed, $1097.40 yesterday, $1083.75 today.
If the Average London fix is still below $1100 on Wednesday, and Wednesday's fix is below $1100, the price of the 2015 HR coin will be $1490... >>
That's still a hell of a premium over melt value. Of course price gouging is nothing new for the US Mint.
True, but it's better than $1540!
With a special size blanks and unique dies, I would expect a premium over the 1ozt 24k Buff. (The RP Buff came in at the same price as the proof, but it was just a different die prep than the proof...) A $50 premium over the Buff is a bit much, but with 1ozt gold, it seems the Mint can only talk in $50 increments...
And yes, I'm completely ignoring the $400 premium over spot. I'm getting one of these, and it makes it less painful. HAhahahahaha.... >>
If they sell out they could be worth a whole lot more than what you paid for it.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Well, just Love coins, period.
After all, 50,000 is a big number for 'small collectors.'
I will purchase this issue on beauty alone. I leave the predictions to others.
But unknown flip ability.
Edited: thought it was the 27th now I see its the 30th.
<< <i>Made it. Average London fix for the week is below $1100. If London gold fix closes below $1100 tomorrow, the 2015 HR coin will be $1490. If it closes $1100 or above, the coin will be $1540... >>
For once I'm hoping gold doesn't go up in value.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>
<< <i>Made it. Average London fix for the week is below $1100. If London gold fix closes below $1100 tomorrow, the 2015 HR coin will be $1490. If it closes $1100 or above, the coin will be $1540... >>
For once I'm hoping gold doesn't go up in value.
True dat as it will help me decide between 49 or 50.
<< <i>Looks like the idea for a high relief Silver has been scrapped.
Online Link. >>
But, but, but...
Gary Marks, a member of the Citizens Coinage Advisory Committee..."I am confident we will see a silver medal in 2016."
What a looneytune the association of the US Mint, the CCAC and the coin buying public is. Up is down, left is right, crazy.
Looking back I had same desire to purchase the reverse proof buffalo and glad I passed. Never cared for the Kennedy gold but it did not hold up well.
With the high 35% premium, falling gold prices I will have to hold out. Truely hope it is sucessfull and all units are sold so in the future I can get one after the pump has subsided. With lack of discussion regarding this vs past items I am now curious if it will sell 50,000 units. The mint upped their household limit to 50... That tells me they want to get this moved quickly. The question is are they concerned over falling gold prices reducing profit margin or general lack of interest.
If this is a hot seller than they should follow up with silver, if sales linger doubt silver would be considered for 2016.
People are trying to compare this to the 2009 UHR which I did buy but I am beginning to compare to the limited platinum eagle sets. They were a one off offering as well.
<< <i> The mint upped their household limit to 50... >>
Originally there was no limit until the mint set it at 50. If it sells out fast they could lower the limit again.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
They borrow the gold from the treasury for minting and replace it with the above market buys.
====
Silver - they have a hedging partner
====
Platinum - they lease it
Mark