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Say Kadish for the modern gold commems.
Coinstartled
Posts: 10,135 ✭✭✭✭✭
The Capitol Visitor Center's sold for $2400, 6 or seven years ago. I bought this at Heritage for a bit under melt on Tuesday.
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@Coinstartled
WOW $312.... Patience is rewarded. Congrats!
That is interesting. It is "only" an MS-69, and it is in the "wrong holder."
Still it shows that the there is nothing firm about the prices of modern coins like this with high survival rates. When they get older and the luster wears off, down they come.
Even tulips can be ugly....
Where's the melting pot?
Yep lost a bunch on them.
I've been saying kadish for modern gold commems for quite some time.
But, as long as there are punters willing to put up the readies, the mint will continue to pop them out.
Cheers
Bob
Yep, and Dealers will offer you 5-6% back of melt for any 69.
looks like the ms 2007 Jackie Robinson gold is still selling strong
https://www.ebay.com/itm/1997-w-Jackie-Robinson-5-Gold-Modern-Commemorative-Graded-Ms69-By-PCGS-/222903658509?hash=item33e617e80d:g:7jUAAOSwaadavZIj&nma=true&si=f4HZnFUFTojVenrWakzs3O7PKEs%3D&orig_cvip=true&rt=nc&_trksid=p2047675.l2557
Robinsons still hold some premium at $850. Peak was $4500 or so 7 or 8 years ago.
I enjoy watching the feeding frenzy on coins such as these....Most retreat in price within a year or so.... some - such as the Jackie Robinson - hold value for longer periods. Even those coins suffer price erosion over time. If one can avoid the emotional rush, one can save a lot of 'coin'..
My gold Haida coin is one that has not experienced this phenomena... I like that since it is a beautiful coin and valuable. Cheers, RickO
How is the First Spouse gold doing these days? When the series started I started a Proof set for my wife and a BU set for myself, but when she died suddenly in 2010 I lost interest and sold them off.
apmex is selling them for around melt
https://www.ebay.com/itm/1-2-oz-Gold-First-Spouse-Coins-BU-PR-Random-Year-SKU-42641/121832138407?hash=item1c5dc2e6a7:g:9EUAAOxy3NBSi4fF
I've been able to get a few pcgs graded ones at melt or a little above. there are a lot of them out there. I Do like the 1984 $10 Olympic the U.S. Marsharls and the Bald Eagle. They kinda grow on ya
Lafayette Grading Set
If I found a graded Andrew Jackson I'd probably get it too
Lafayette Grading Set
They'll go back up in value after more than a few of them hit the melting pot. The 1984 $10 Olympic and the 1987 $5 for the Constitution come to mind - in about another 50 years there won't be many of them left. If you can hold out that long.
If you buy the generic spouses at Apmex on Ebay, the premium is 8.1%.
If you buy them directly from Apmex's website, the premium is 3.7%.
I knew it would happen.
I've been considering starting a set of the $5.00 gold commems for the very reason that they are gold and cheap (at least right now).
I knew it would happen.
Here's the raw set coins I'm considering buying on gold dips:
$5 and $10 gold commems at melt, and maybe a premium for a select few
The three 2016 gold Mercury, SLQ and Walker tribute coins
The gold Kennedy
The "Liberty" spouses
==Looking for pre WW2 Commems in PCGS Rattler holders, 1851-O Three Cent Silvers in all grades
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Because so many people chase keys, I wonder what will happen to the series now that the boys town coin has a mintage well under 3000. If that means when sales of coins hit the 3000 mark that people lose interest, we could end up with the next round of gold commemorative coins with mintages under 4,000.