***Official I'm Buying It I Hope Someone Else Is 2021 Type 2 Gold Uncirculated Coin***

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MsMorrisine
MsMorrisine Posts: 40,052 ✭✭✭✭✭
edited October 6, 2021 3:41PM in U.S. Coin Forum

https://catalog.usmint.gov/american-eagle-2021-one-ounce-gold-uncirculated-coin-21EHN.html?cgid=https://forums.collectors.com/categories/u-s-coin-forum

American Eagle 2021 One Ounce Gold Uncirculated Coin - West Point (W)

This product will be available for sale on October 7, 2021, at 12 noon (ET).

Release price:: $2,620.00

Item Number: 21EHN
Mintage "Limit": 9,100
Product "Limit": 9,100
Household Order Limit: 1

Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
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Comments

  • Goldminers
    Goldminers Posts: 4,414 ✭✭✭✭✭
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    About the only good thing about this very expensive and repetitive offering, is that it might be the last new gold coin for 2021.

  • GhosOfRudy
    GhosOfRudy Posts: 123 ✭✭✭
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    Looks like they've done the "uncirculated" since 2006 based on those mintage figures (dated some)

    https://goldeagleguide.com/mintages/

    I don't know prior prices, but 2012-W is the lowest I see.

  • batumi
    batumi Posts: 936 ✭✭✭✭
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    @Goldbully said:
    2021 mintage is 9,100....the 2020 mintage was 7,000.

    Gold is currently $1,763/oz. ...the 2021-W Unc AGE is 91.67% pure gold.

    Sell price is $2,620.....do the math.

    Only a hard core modern gold collector would buy this coin.

    The Mint never gouged the coin collecting public to this extent in years past.

    Am I wrong?

    Secondary market only for moderns when I decide I desire to stack some of these bullion related issues. Tired of the high prices and games especially the last two years from the mint. Almost all issues are substantially less-even graded 70's-than USM prices.

  • vulcanize
    vulcanize Posts: 1,418 ✭✭✭✭✭
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    @Goldbully said:
    2021 mintage is 9,100....the 2020 mintage was 7,000.

    Gold is currently $1,763/oz. ...the 2021-W Unc AGE is 91.67% pure gold.

    Sell price is $2,620.....do the math.

    Only a hard core modern gold collector would buy this coin.

    The Mint never gouged the coin collecting public to this extent in years past.

    Am I wrong?

    It consists of an ounce of gold but the price gouging by the mint is rather shocking.
    I am passing up on this one because of having picked up the American Liberty 2021 High Relief Gold Coin in 24K on Aug. 19th and that is good enough for me.

  • micotu
    micotu Posts: 58 ✭✭
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    Was thinking of picking this one up as a carry piece and my first gold coin to celebrate some recent financial achievements. Not sure I want to though with a 50%+ premium. May just grab a bullion coin instead. Thoughts? Was really wanting this one but now not sure.

  • MsMorrisine
    MsMorrisine Posts: 40,052 ✭✭✭✭✭
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    Get a $20 lib or saint in AU

    Common dates will have much less premium

    A Mexico 50 peso is even beefier if you have a tight belt.

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • Jzyskowski1
    Jzyskowski1 Posts: 6,650 ✭✭✭✭✭
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    For a pocket piece I would suggest what ever you like for bullion level plus maybe ten percent if it’s an old common date. There’s a whole world of scratch and ding coins at bullion. Just my opinion

    🎶 shout shout, let it all out 🎶

  • micotu
    micotu Posts: 58 ✭✭
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    I guess a better question would be: How long would the burnished finish hold up when carrying it in a pocket daily? Like other than the mint mark, how long til this coin and a bullion one would be indistinguishable, or would the finish hold up for a decade as long as I'm not abusing it.

  • micotu
    micotu Posts: 58 ✭✭
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    I specifically am wanting a 2021 to mark the year.

  • MsMorrisine
    MsMorrisine Posts: 40,052 ✭✭✭✭✭
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    I think you would be the forum test pilot on this one

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • jmlanzaf
    jmlanzaf Posts: 43,048 ✭✭✭✭✭
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    I was going to buy the $1 trillion platinum coin to throw it in a wishing well...

    All comments reflect the opinion of the author, even when irrefutably accurate.

  • vulcanize
    vulcanize Posts: 1,418 ✭✭✭✭✭
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    @MsMorrisine said:
    Get a $20 lib or saint in AU

    Common dates will have much less premium

    A Mexico 50 peso is even beefier if you have a tight belt.

    True.

    Managed to recently acquire a slabbed 1908 without motto in MS 63 for slightly over spot.

  • vulcanize
    vulcanize Posts: 1,418 ✭✭✭✭✭
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    @jmlanzaf said:
    I was going to buy the $1 trillion platinum coin to throw it in a wishing well...

    I wish you well, now throw it my way :tongue:

  • kimber45ACP
    kimber45ACP Posts: 2,399 ✭✭✭
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    It's a pass for me.

  • ricko
    ricko Posts: 98,724 ✭✭✭✭✭
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    No thanks... Do not want to add at this - IMO - ridiculous premium. Cheers, RickO

  • vulcanize
    vulcanize Posts: 1,418 ✭✭✭✭✭
    edited October 7, 2021 6:52AM
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    @micotu said:
    3/4 a bottle of wine me from last night was pretty set on buying this today despite the ridculous premium. Sober me just bought the type 2 2021 BU from Apmex for $650 cheaper.

    A bottle of cheap wine on Father's day in 2009 made my wife go out with me and sign on the dotted line to buy me a motorcycle :lol:

    She has been regretting that decision ever since she became sober from that awful tasting wine and politely declines my offers to buy her booze on birthdays, anniversaries and other dates of significance. o:)

  • jdimmick
    jdimmick Posts: 9,992 ✭✭✭✭✭
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    Its a pass for me as well. At 2650 with a higher mintage than several years prior, no upside.

  • PaleElf
    PaleElf Posts: 990 ✭✭✭
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    It would be a better investment to buy $2.6k of Bitcoin.

  • Goldminers
    Goldminers Posts: 4,414 ✭✭✭✭✭
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    A few more approximate burnished uncirculated mintages:

    2011 was 8,729
    2012 was 5,829
    2013 was 7,293
    2014 was 7,902
    2015 was 6,533
    2016 was 6,887
    2017 was 5,800
    2018 was 8,518
    2019 was 6,365
    2020 so far 6,284

    My guess is this issue will sell less than 5,000 because the price is just way too high. If more sell at first, there will be hundreds of cancellations or returns. I doubt dealers will even buy very many to get graded, as 69's will be big money losers,

  • Goldminers
    Goldminers Posts: 4,414 ✭✭✭✭✭
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    I wonder how many Pinehurst and others will buy at that price before saying they have enough. There is a lot of demand for proof eagles, but these were never very popular.

  • MilesWaits
    MilesWaits Posts: 5,597 ✭✭✭✭✭
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    The “trouble” isn’t with buying :*

    Now riding the swell in PM's and surf.
  • Golden1
    Golden1 Posts: 208 ✭✭✭
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    Not for me at this price.
    I am impatiently waiting for my 3 2021 Peace Dollars!
    Buy silver bullion, much more upside potential! 3 -kilos for less than one 'dog' Type 2 unc, with money left over.
    https://bullionexchanges.com/buy-silver/bars/1-kilo-silver-bars

  • CoinMeister
    CoinMeister Posts: 651 ✭✭✭✭
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    Unless you collect these, I don’t see the value here at issue price vs other options with dry powder. Just my opinion.

    "What we are never changes, but who we are ... never stops changing."
  • Samuel8
    Samuel8 Posts: 432 ✭✭✭
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    I have several 2011 2012 ones, won't but this one, too expensive.

  • SMCoin
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    Sorry for the newbie question. What's the difference between this coin and the 2021 Type 2 BU that are being sold for hundreds less online? They seem like the same description: American Eagle 2021 One Ounce Gold BU, West Point mintage.

  • SMCoin
    SMCoin Posts: 2 ✭
    edited October 7, 2021 11:15AM
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    Thanks in advance for your expertise on this Q.

  • rangerpk
    rangerpk Posts: 16 ✭
    edited October 7, 2021 11:15AM
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    2021 Type 2 BU is bullion without mint mark and minted numbers in the hundreds of thousands. UNC has a mint mark and I believe a different finish and numbers just north of 9,000 minted.

  • Goldminers
    Goldminers Posts: 4,414 ✭✭✭✭✭
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    Well it looks like I am wrong again and there are a lot of buyers.

    Obviously a lot of new players in the game. It already may have sold 8,000 and about 1,000 left if the numbers started at 9100.

    Wow.

  • Jzyskowski1
    Jzyskowski1 Posts: 6,650 ✭✭✭✭✭
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    Wait until the Morgan’s and peace dollar drop. Then we will see how many new collectors there are. (Lots and lots)

    🎶 shout shout, let it all out 🎶

  • vulcanize
    vulcanize Posts: 1,418 ✭✭✭✭✭
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    Looks like it is still available almost two and a half hours later (2:25 PM EST).

    Reading the descritpion, am now curious as to what other "gold coins" have the new anti-counterfeit reeded edge variation?

  • Jzyskowski1
    Jzyskowski1 Posts: 6,650 ✭✭✭✭✭
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    All the type 2’s

    🎶 shout shout, let it all out 🎶

  • Goldminers
    Goldminers Posts: 4,414 ✭✭✭✭✭
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    Only about 900 left before it goes unavailable.

  • cagcrisp
    cagcrisp Posts: 1,063 ✭✭✭✭✭
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    @Jzyskowski1 said:
    All the type 2’s

    Only the 1 oz. coins have the missing single reed...

  • Jzyskowski1
    Jzyskowski1 Posts: 6,650 ✭✭✭✭✭
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    Correct. I thought it was implied. My mistake 😉

    🎶 shout shout, let it all out 🎶

  • Goldminers
    Goldminers Posts: 4,414 ✭✭✭✭✭
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    Only 636 left. Just hard to believe.

    I sure wish the folks buying all these lately were new long term collectors, and that would be really nice, but probably wishful, if not completely irrational thinking.

  • HoneyMarket
    HoneyMarket Posts: 1,032 ✭✭✭✭✭
    edited October 7, 2021 12:58PM
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    @Goldminers said:
    I sure wish the folks buying all these lately were new long term collectors, and that would be really nice, but probably wishful, if not completely irrational thinking.

    What else could they be, if not collectors?
    I doubt they're flippers - then again, I have doubted the strength of Pinehurst and their low profit game before!

    But seriously, other than Pinehurst, there was no interest (that I'm aware of) at all out there from the other "normal" buyers.

    BST references available on request

  • Mercury
    Mercury Posts: 1,053 ✭✭✭✭
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    I received the email below...

    Park Avenue Numismatics

    IS BUYING

    We'll pay you $250 over your cost if confirmed today with us. These coins go on sale at 12 noon EST and will sell out in moments. Immediate profit of $250 from us upon confirmation.

    Collecting Peace Dollars and Modern Crap.
  • MetroD
    MetroD Posts: 2,569 ✭✭✭✭✭
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    @SMCoin said:
    Sorry for the newbie question. What's the difference between this coin and the 2021 Type 2 BU that are being sold for hundreds less online? They seem like the same description: American Eagle 2021 One Ounce Gold BU, West Point mintage.

    @rangerpk said:
    2021 Type 2 BU is bullion without mint mark and minted numbers in the hundreds of thousands. UNC has a mint mark and I believe a different finish and numbers just north of 9,000 minted.

    The Mint explanation of the difference between finishes ...

  • Goldminers
    Goldminers Posts: 4,414 ✭✭✭✭✭
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    .> @Mercury said:

    I received the email below...

    Park Avenue Numismatics

    IS BUYING

    We'll pay you $250 over your cost if confirmed today with us. These coins go on sale at 12 noon EST and will sell out in moments. Immediate profit of $250 from us upon confirmation.

    That is truly crazy. I really wonder who they are selling to, that want to pay so much more for these, to justify these type of premium offers. Regardless, there are less than 500 left.

  • vulcanize
    vulcanize Posts: 1,418 ✭✭✭✭✭
    edited October 7, 2021 1:50PM
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    Perhaps dealers are buying to fuel the SP 70 AGE first year of issue of Type II frenzy.

    Edited to correct

  • Goldminers
    Goldminers Posts: 4,414 ✭✭✭✭✭
    edited October 7, 2021 1:44PM
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    @vulcanize said:
    Perhaps dealers are buying to fuel the MS 70 AGE first year of issue of Type II frenzy.

    These will be graded SP70. They are a separate category.

  • vulcanize
    vulcanize Posts: 1,418 ✭✭✭✭✭
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    @Goldminers said:

    @vulcanize said:
    Perhaps dealers are buying to fuel the MS 70 AGE first year of issue of Type II frenzy.

    These will be graded SP70. They are a separate category.

    My bad. I meant to type SP

  • HoneyMarket
    HoneyMarket Posts: 1,032 ✭✭✭✭✭
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    @Mercury said:
    I received the email below...

    Park Avenue Numismatics

    IS BUYING

    We'll pay you $250 over your cost if confirmed today with us. These coins go on sale at 12 noon EST and will sell out in moments. Immediate profit of $250 from us upon confirmation.

    I see from their Twitter Feed ( https://twitter.com/ParkAveNumis ) that they are indeed indicating what you posted but I can't get over the fact that they don't have any tweets from all the other crazy sales this year?

    Are they only into Gold and not Silver? They didn't even buy the Gold offering this year...and now they're buying this for $250 over??

    ???

    BST references available on request

  • vulcanize
    vulcanize Posts: 1,418 ✭✭✭✭✭
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    @HoneyMarket said:

    @Mercury said:
    I received the email below...

    Park Avenue Numismatics

    IS BUYING

    We'll pay you $250 over your cost if confirmed today with us. These coins go on sale at 12 noon EST and will sell out in moments. Immediate profit of $250 from us upon confirmation.

    I see from their Twitter Feed ( https://twitter.com/ParkAveNumis ) that they are indeed indicating what you posted but I can't get over the fact that they don't have any tweets from all the other crazy sales this year?

    Are they only into Gold and not Silver? They didn't even buy the Gold offering this year...and now they're buying this for $250 over??

    ???

    Very intriguing indeed. Perhaps proxy for someone else???

    I know for sure that Bullion Shark is staying away from these dabbling only in the gold buffalo and right now their website is full of the Morgan and Peace dollar set graded MS70 for 2500$

    bullionsharks.com/modern-rare-coins/2021-morgan-and-peace-dollars/

    It would indeed be very interesting to see who all are going to the behind scenes wheeler-dealers.

  • JimTyler
    JimTyler Posts: 4,100 ✭✭✭✭✭
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    Since nearly everyone here has written this off as an undeniable loser it will probably be a winner. Wouldn’t be the first time. If I didn’t just spend $3700 I would take the gamble.

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