@engmtic said:
so in terms of raw mintage numbers the v75 seems to be the best comparison and seems to have value of 10k.
+1 for Liberty = cool shape
+1 for Gold Eagle = established collector base.
Bottom line: I'm having a very hard time seeing the gold be worth 20k. I predict the market will settle at cost or less. Silver will do great tho.
changemymind
I cancelled my gold orders.
Shouldnt have cancelled, they are selling for a few thou profit already.
not after fees and ebay risk. All the BG's I am part of pulled their gold offers. I cant see how the market settles north of 20k for these. the premium is just way too ginormous. Doesnt pass the smell test to me. Liberty Bell? Sorry dont see it.
The novelty is cool but at this point the mint has turned to the dark side of the force.
They have tasted the greed of being flippers themselves after decades of watching others profit. Theres no going back. there will be an endless stream of new novelty items coming, thats for sure.
Is a liberty bell more interesting that a bat shaped coin for MLB's 125th anniversary?
or a MJ dancing pose coin for some annual milestone etc etc etc etc etc. Theres no end to novelty coins.
@engmtic said:
so in terms of raw mintage numbers the v75 seems to be the best comparison and seems to have value of 10k.
+1 for Liberty = cool shape
+1 for Gold Eagle = established collector base.
Bottom line: I'm having a very hard time seeing the gold be worth 20k. I predict the market will settle at cost or less. Silver will do great tho.
changemymind
I cancelled my gold orders.
everyone said the same thing about the "American Liberty 2025 High Relief Gold Coin". its ugly. its stupid and it has 12K or so minted.
can easily sell it for $5K right now. sure its only 800 on the 4200 investment. but it's still 20%.
No one will think that a $10K or $20K coin (yeah it's a coin) will have an instant flip market. bet not even 10% of the people who entered the queue today have a credit card with $20K in availability.
know your market. your won't be able to flip it out in 5 days. but it will hold its value.....
@engmtic said:
so in terms of raw mintage numbers the v75 seems to be the best comparison and seems to have value of 10k.
+1 for Liberty = cool shape
+1 for Gold Eagle = established collector base.
Bottom line: I'm having a very hard time seeing the gold be worth 20k. I predict the market will settle at cost or less. Silver will do great tho.
changemymind
I cancelled my gold orders.
everyone said the same thing about the "American Liberty 2025 High Relief Gold Coin". its ugly. its stupid and it has 12K or so minted.
can easily sell it for $5K right now. sure its only 800 on the 4200 investment. but it's still 20%.
No one will think that a $10K or $20K coin (yeah it's a coin) will have an instant flip market. bet not even 10% of the people who entered the queue today have a credit card with $20K in availability.
know your market. your won't be able to flip it out in 5 days. but it will hold its value.....
wayy too risky to gamble. Market can settle at 10k easy. Downside far greater than upside.
In term of the High Relief coin - that may be the single greatest coin ever made with GINORMOUS historic interest.
This Liberty Bell has as much history with it (from a coin perspective) as Las Vegas
@engmtic said:
so in terms of raw mintage numbers the v75 seems to be the best comparison and seems to have value of 10k.
+1 for Liberty = cool shape
+1 for Gold Eagle = established collector base.
Bottom line: I'm having a very hard time seeing the gold be worth 20k. I predict the market will settle at cost or less. Silver will do great tho.
changemymind
I cancelled my gold orders.
everyone said the same thing about the "American Liberty 2025 High Relief Gold Coin". its ugly. its stupid and it has 12K or so minted.
can easily sell it for $5K right now. sure its only 800 on the 4200 investment. but it's still 20%.
No one will think that a $10K or $20K coin (yeah it's a coin) will have an instant flip market. bet not even 10% of the people who entered the queue today have a credit card with $20K in availability.
know your market. your won't be able to flip it out in 5 days. but it will hold its value.....
You're going to have an absolute minimum of 500 ATS on the 1oz coin within the next few days. Knock yourself out.
@Tomthemailcarrier said:
I bought a 1/2 oz gold to flip. After credit card points and a small profit flipping it on PURE I clear about $250.
I went onto PURE and they offered me $7,500. How do you sell it at a profit? I'd love to flip mine, not looking to get rich, just want a small upside.
List your ask. Then see how it’s shaking. Adjust your price as needed. Right now lowest ask is $10,219. Depends on your credit card rewards what you’d make. I wouldn’t sell this expa coin on eBay.
@engmtic said:
so in terms of raw mintage numbers the v75 seems to be the best comparison and seems to have value of 10k.
+1 for Liberty = cool shape
+1 for Gold Eagle = established collector base.
Bottom line: I'm having a very hard time seeing the gold be worth 20k. I predict the market will settle at cost or less. Silver will do great tho.
changemymind
I cancelled my gold orders.
everyone said the same thing about the "American Liberty 2025 High Relief Gold Coin". its ugly. its stupid and it has 12K or so minted.
can easily sell it for $5K right now. sure its only 800 on the 4200 investment. but it's still 20%.
No one will think that a $10K or $20K coin (yeah it's a coin) will have an instant flip market. bet not even 10% of the people who entered the queue today have a credit card with $20K in availability.
know your market. your won't be able to flip it out in 5 days. but it will hold its value.....
wayy too risky to gamble. Market can settle at 10k easy. Downside far greater than upside.
In term of the High Relief coin - that may be the single greatest coin ever made with GINORMOUS historic interest.
This Liberty Bell has as much history with it (from a coin perspective) as Las Vegas
the sunflower? what GINORMOUS historic interest? 2025.
@engmtic said:
so in terms of raw mintage numbers the v75 seems to be the best comparison and seems to have value of 10k.
+1 for Liberty = cool shape
+1 for Gold Eagle = established collector base.
Bottom line: I'm having a very hard time seeing the gold be worth 20k. I predict the market will settle at cost or less. Silver will do great tho.
changemymind
I cancelled my gold orders.
everyone said the same thing about the "American Liberty 2025 High Relief Gold Coin". its ugly. its stupid and it has 12K or so minted.
can easily sell it for $5K right now. sure its only 800 on the 4200 investment. but it's still 20%.
No one will think that a $10K or $20K coin (yeah it's a coin) will have an instant flip market. bet not even 10% of the people who entered the queue today have a credit card with $20K in availability.
know your market. your won't be able to flip it out in 5 days. but it will hold its value.....
wayy too risky to gamble. Market can settle at 10k easy. Downside far greater than upside.
In term of the High Relief coin - that may be the single greatest coin ever made with GINORMOUS historic interest.
This Liberty Bell has as much history with it (from a coin perspective) as Las Vegas
the sunflower? what GINORMOUS historic interest? 2025.
@engmtic said:
so in terms of raw mintage numbers the v75 seems to be the best comparison and seems to have value of 10k.
+1 for Liberty = cool shape
+1 for Gold Eagle = established collector base.
Bottom line: I'm having a very hard time seeing the gold be worth 20k. I predict the market will settle at cost or less. Silver will do great tho.
changemymind
I cancelled my gold orders.
everyone said the same thing about the "American Liberty 2025 High Relief Gold Coin". its ugly. its stupid and it has 12K or so minted.
can easily sell it for $5K right now. sure its only 800 on the 4200 investment. but it's still 20%.
No one will think that a $10K or $20K coin (yeah it's a coin) will have an instant flip market. bet not even 10% of the people who entered the queue today have a credit card with $20K in availability.
know your market. your won't be able to flip it out in 5 days. but it will hold its value.....
wayy too risky to gamble. Market can settle at 10k easy. Downside far greater than upside.
In term of the High Relief coin - that may be the single greatest coin ever made with GINORMOUS historic interest.
This Liberty Bell has as much history with it (from a coin perspective) as Las Vegas
Always know your market.
You have NO RISK in the short term up until delivery. Then you have 7 days return.
Even with an ebay store and reduced fees, making even 2-3k on a 10k investment is 20-30% short term.
@engmtic said:
so in terms of raw mintage numbers the v75 seems to be the best comparison and seems to have value of 10k.
+1 for Liberty = cool shape
+1 for Gold Eagle = established collector base.
Bottom line: I'm having a very hard time seeing the gold be worth 20k. I predict the market will settle at cost or less. Silver will do great tho.
changemymind
I cancelled my gold orders.
everyone said the same thing about the "American Liberty 2025 High Relief Gold Coin". its ugly. its stupid and it has 12K or so minted.
can easily sell it for $5K right now. sure its only 800 on the 4200 investment. but it's still 20%.
No one will think that a $10K or $20K coin (yeah it's a coin) will have an instant flip market. bet not even 10% of the people who entered the queue today have a credit card with $20K in availability.
know your market. your won't be able to flip it out in 5 days. but it will hold its value.....
wayy too risky to gamble. Market can settle at 10k easy. Downside far greater than upside.
In term of the High Relief coin - that may be the single greatest coin ever made with GINORMOUS historic interest.
This Liberty Bell has as much history with it (from a coin perspective) as Las Vegas
Always know your market.
You have NO RISK in the short term up until delivery. Then you have 7 days return.
Even with an ebay store and reduced fees, making even 2-3k on a 10k investment is 20-30% short term.
Ive had the mint lose a return. 30k is a lot to risk. plus they can ban you for returns per terms and conditions.
In the waiting room at 11:45 with one minute then went to 10 minutes, etc. Never made it to the the purchase page till it was to late. I expected a blank show and got one.
I've been in the mix with every major mint offering for the last 30+ years.
I've been buying from the USM since the late 1970's.
I've had many cases where I thought the coin would absolutely bomb. I was surprised several times.
After my first few misses on decent deals, I generally would take a chance on almost everything limited and with precious metal content.
It's harder now with the huge USM premiums on precious metal coins - you have to overcome a steep hurdle to get into the "black" as they say.
@NJCoin said:
All bots. According to @illini420, they had no wait at all and still couldn't check out. The fact that happened, in addition to gold still being available, tells us exactly who is buying, and why. Now let's see where eBay sales end up.
The bots are being directed by humans, and humans will take possession of these. They will also be paying for them.
So it doesn't matter if bots bought most, as those running the bots are getting the coins and medals.
What this shows is the mint website is broken, as I have been saying all along. Is it fair bots can order? No, but that is how this is set up.
You lost badly here, I am surprised you are still trying to turn this somehow. Accept how it went and try to learn something for once in your life.
A few posters tried to help you, and instead the fangs came out.
yikes the BG's im part of all cancelled their offers, and 1 even agreed to pay the promised commission ($250 over) and still asked everyone to just cancel. No one wants to be holding the bag on golds.
@fathom said:
It's not a cash cow play, the numbers are minuscule.
It's a halo item.
Uncertain that it's even that. Right now, it's just flippers.
Let's see just how many people chase them on eBay. If they show up on TV for several thousand dollars, and sell out, then it's a "halo item." Right now it's just Pavlovian dogs answering a buyers club bell.
The orderbook on Pure tells it all. There's more demand than supply for the silver (1 offered at ~$5k, lots of bids around $2800). After early market action on the 1/2oz at ~$10.4k, there's zero action and lots of supply at $10.2k. Still, sales continue to trickle in at ebay at nice premiums there but I assume the sellers will start undercutting each other in a race to the bottom unless more demand develops.
Im so happy I was too busy working that I forgot these 3 ridiculous coins were up for sale. FOMO is a crazy thing, I mightve tried to win the gold even though I don't collect medals.
@Peyroguy said:
Im so happy I was too busy working that I forgot these 3 ridiculous coins were up for sale. FOMO is a crazy thing, I mightve tried to win the gold even though I don't collect medals.
@fathom said:
It's not a cash cow play, the numbers are minuscule.
It's a halo item.
Uncertain that it's even that. Right now, it's just flippers.
Let's see just how many people chase them on eBay. If they show up on TV for several thousand dollars, and sell out, then it's a "halo item." Right now it's just Pavlovian dogs answering a buyers club bell.
They are selling for close to $3000 on ebay now. Confirmed orders. Real sales.
All comments reflect the opinion of the author, even when irrefutably accurate.
@fathom said:
It's not a cash cow play, the numbers are minuscule.
It's a halo item.
Uncertain that it's even that. Right now, it's just flippers.
Let's see just how many people chase them on eBay. If they show up on TV for several thousand dollars, and sell out, then it's a "halo item." Right now it's just Pavlovian dogs answering a buyers club bell.
They are selling for close to $3000 on ebay now. Confirmed orders. Real sales.
Fake news. Those aren’t real sales - just bots selling to other bots.
@fathom said:
It's not a cash cow play, the numbers are minuscule.
It's a halo item.
Uncertain that it's even that. Right now, it's just flippers.
Let's see just how many people chase them on eBay. If they show up on TV for several thousand dollars, and sell out, then it's a "halo item." Right now it's just Pavlovian dogs answering a buyers club bell.
They are selling for close to $3000 on ebay now. Confirmed orders. Real sales.
Fake news. Those aren’t real sales - just bots selling to other bots.
And they just pay eBay 13% of the sales price to make the transaction seem legitimate?
That seems unlikely.
Llamas and alpacas are camels. They aren't like camels, or related. They are camels. When was anyone going to tell me this?! How long had Bill Nye been holding out on us?
I ordered the 1/2 oz gold and cancelled a couple hours later. Part of me wanted to keep it because it’s really unique and cool. Part of me wanted to flip it. But I just worry the demand isn’t there at $10k and $20k. If the price on the secondary market drops enough, I wouldn’t mind having one. But if it doesn’t, I won’t fret about anything.
This seems like a high risk flip and I don’t know if it the level of potential reward matches the level of risk.
Kudos to the mint for potentially pricing the gold appropriately. Hopefully in the future people won’t rush to sell out the gold unless they actually want to keep it. Hopefully some lessons were learned by both the mint and the buyer.
@NJCoin said:
All bots. According to @illini420, they had no wait at all and still couldn't check out. The fact that happened, in addition to gold still being available, tells us exactly who is buying, and why. Now let's see where eBay sales end up.
The bots are being directed by humans, and humans will take possession of these. They will also be paying for them.
So it doesn't matter if bots bought most, as those running the bots are getting the coins and medals.
What this shows is the mint website is broken, as I have been saying all along. Is it fair bots can order? No, but that is how this is set up.
You lost badly here, I am surprised you are still trying to turn this somehow. Accept how it went and try to learn something for once in your life.
A few posters tried to help you, and instead the fangs came out.
Sorry. As hellbent as you seem to be to beat me into submission, it's not going to happen.
You already have my mea culpa on the flip. I clearly underestimated the ferocity with which the buyers clubs would slam the website.
Beyond that, I'm not wrong. Pretty much everyone bought them to sell. Just about no one bought them to keep.
As evidenced by the widely reported cancellations of the gold, and the total disappearance of bids for them. TBD what ultimately happens with the silver. Not sure who's going to be holding the bag when the music stops, and at what price, but it's pretty clear that 6K people just aren't interested in having an example in any metal at any price. So there's that.
@fathom said:
It's not a cash cow play, the numbers are minuscule.
It's a halo item.
Uncertain that it's even that. Right now, it's just flippers.
Let's see just how many people chase them on eBay. If they show up on TV for several thousand dollars, and sell out, then it's a "halo item." Right now it's just Pavlovian dogs answering a buyers club bell.
They are selling for close to $3000 on ebay now. Confirmed orders. Real sales.
Fake news. Those aren’t real sales - just bots selling to other bots.
And they just pay eBay 13% of the sales price to make the transaction seem legitimate?
That seems unlikely.
He was being sarcastic.
All comments reflect the opinion of the author, even when irrefutably accurate.
@fathom said:
It's not a cash cow play, the numbers are minuscule.
It's a halo item.
Uncertain that it's even that. Right now, it's just flippers.
Let's see just how many people chase them on eBay. If they show up on TV for several thousand dollars, and sell out, then it's a "halo item." Right now it's just Pavlovian dogs answering a buyers club bell.
They are selling for close to $3000 on ebay now. Confirmed orders. Real sales.
Okay. And didn't a few July 4th privy quarters also sell, confirmed orders, real sales, at crazy prices?
Yes, tremendous action at noon. Did you get one?
Lots of FOMO right now. The fever already broke on the gold after like 2 hours.
Quite frankly, I was very surprised the gold sold out at all, and said so at the time. You can go back and check.
So I was at least right about them. Tons of them will be going back to the Mint. You can take that to the bank.
Is there going to be sustained demand for silver at these prices? Seems unlikely, given who the buyers were, and what portion are going to be offered for resale in the next few weeks.
Will you be looking on eBay to add one to your collection? I doubt anyone else here will either.
So maybe they'll end up on TV for $5K, they will sell out at that price, I will have turned out to have been wrong, and collectors really need these.
But the fact that there does not seem to be a market for the gold, at much higher pricing but much lower premiums to intrinsic value, coins, not medals, indicates this might be a big crash and burn.
You don't think July 4th quarters were ever really worth $1K+, although they sold there at a snapshot in time to people who didn't know any better, assuming those sales were real, right? So let's just wait and see with these. If they are still $3K in a few weeks, let alone months or years, I was wrong.
Right now, I was wrong about how the buyers clubs would hit this. I'm going to leave it at that for now.
@fathom said:
It's not a cash cow play, the numbers are minuscule.
It's a halo item.
Uncertain that it's even that. Right now, it's just flippers.
Let's see just how many people chase them on eBay. If they show up on TV for several thousand dollars, and sell out, then it's a "halo item." Right now it's just Pavlovian dogs answering a buyers club bell.
They are selling for close to $3000 on ebay now. Confirmed orders. Real sales.
Fake news. Those aren’t real sales - just bots selling to other bots.
And they just pay eBay 13% of the sales price to make the transaction seem legitimate?
That seems unlikely.
He was being sarcastic.
Once the bots start collecting, the sky's the limit for moderns, I'd think.
@fathom said:
It's not a cash cow play, the numbers are minuscule.
It's a halo item.
Uncertain that it's even that. Right now, it's just flippers.
Let's see just how many people chase them on eBay. If they show up on TV for several thousand dollars, and sell out, then it's a "halo item." Right now it's just Pavlovian dogs answering a buyers club bell.
They are selling for close to $3000 on ebay now. Confirmed orders. Real sales.
Okay. And didn't a few July 4th privy quarters also sell, confirmed orders, real sales, at crazy prices.
Yes, tremendous action at noon. Did you get one?
Lots of FOMO right now. The fever already broke on the gold.
Is there going to be sustained demand for silver at these prices? Seems unlikely, given who the buyers were, and what percent are going to offered for resale in the next few weeks.
Will you be looking on eBay to add one to your collection? I doubt anyone else here will either.
So maybe, they'll end up on TV for $5K, and I will have turned out to have been wrong, and collectors really need these.
But the fact that there does not seem to be market for the gold, at much higher pricing but much lower premium to intrinsic value, coins, not medals, indicates this might be a big crash and burn. You don't think July 4th quarters were ever worth $1K+, although they sold there, right? So let's just wait and see with these. If they are still $3K in a few weeks, I was wrong.
Right now, I was wrong about how the buyers clubs would hit this. I'm going to leave it at that for now.
Flipping prices almost never gold long term. Respectfully, you are moving the goal post.
All comments reflect the opinion of the author, even when irrefutably accurate.
I do know what a cash cow is. W the profit on these I think that they qualify.
A "halo item" is a unique, high priced, limited edition that is supposed to confer a "halo" of prestige across an entire brand. Corvettes for Chevy. FH gold privies and Omega cents for the Mint.
I don't think these would qualify. But, sure, if the Mint can sell a half ounce of silver in limited quantities for $1500 per ounce, and have a sustained secondary market develop for it at a significant premium to the issue price, then, yeah, limited edition medals in unique shapes will be a halo item to accompany 250K reverse proof Morgan and Peace Dollars.
@fathom said:
It's not a cash cow play, the numbers are minuscule.
It's a halo item.
Uncertain that it's even that. Right now, it's just flippers.
Let's see just how many people chase them on eBay. If they show up on TV for several thousand dollars, and sell out, then it's a "halo item." Right now it's just Pavlovian dogs answering a buyers club bell.
They are selling for close to $3000 on ebay now. Confirmed orders. Real sales.
Fake news. Those aren’t real sales - just bots selling to other bots.
And they just pay eBay 13% of the sales price to make the transaction seem legitimate?
That seems unlikely.
He was being sarcastic.
Once the bots start collecting, the sky's the limit for moderns, I'd think.
Tell @cladking to have co-pilot start coding some up for him.
@Heubschgold said:
Silver appears 'hot' for resale or at least 'warmer'
That one ounce gold is interesting.
Someone is apparently looking to dump it at cost, before returning to the Mint, just to grab the credit card points. And finding no takers.
That is going to be a disaster for the Mint. Good. They reaped what they sowed with this.
Tons of money to make them, package them, ship them, and then process the returns. Good. With nothing to show for it, other than 2K silver out the door at $750 each.
If the silver holds, the lesson here will be to limit things like this to lower cost items that they can gouge on, since the people attracted to things like this cannot afford gold. Would be better if the lesson was to not do things like this at all, but $3K sales on eBay are not exactly making that case for me.
@fathom said:
It's not a cash cow play, the numbers are minuscule.
It's a halo item.
Uncertain that it's even that. Right now, it's just flippers.
Let's see just how many people chase them on eBay. If they show up on TV for several thousand dollars, and sell out, then it's a "halo item." Right now it's just Pavlovian dogs answering a buyers club bell.
They are selling for close to $3000 on ebay now. Confirmed orders. Real sales.
Fake news. Those aren’t real sales - just bots selling to other bots.
And they just pay eBay 13% of the sales price to make the transaction seem legitimate?
That seems unlikely.
He was being sarcastic.
Once the bots start collecting, the sky's the limit for moderns, I'd think.
Tell @cladking to have co-pilot start coding some up for him.
25 years ago the wiki article about modern coins pointed out the obvious truism that "Moderns Are Uncollectible". I changed it to "to each his own" and it was changed back almost immediately. Today the wiki article on pyramids says that Hatnub has proven they must have put posts on the ramps to help drag the stones.
Now days you can bypass wiki altogether and let an AI find possible solutions to your questions and AI knows moderns are collectible and some are tough. You're welcome.
This is the nature of progress; only what works persists. AI works. Egyptology won't last.
Interestingly, many of the buyers, right up until an hour before 12:00 pm EDT were sending out e-mails saying they would be buying all three issues.
Some were offering $1k & 1.5k over sale price on the Gold coins.
By 12:30 they were all back-tracking and saying they were full on their Gold buys but asking if anyone had any silver.
Ugh...the cancellations & returns are going to be interesting!
I wonder how many more mornings at 7:30am will the Gold's be offered...
@HoneyMarket said:
Interestingly, many of the buyers, right up until an hour before 12:00 pm EDT were sending out e-mails saying they would be buying all three issues.
Some were offering $1k & 1.5k over sale price on the Gold coins.
By 12:30 they were all back-tracking and saying they were full on their Gold buys but asking if anyone had any silver.
Ugh...the cancellations & returns are going to be interesting!
I wonder how many more mornings at 7:30am will the Gold's be offered...
The golds are dead. They will be available tomorrow, and probably every day thereafter.
Because people were buying them to flip, not keep. And it turns out that there is no flip.
Silver is another story, because there is a flip. TBD how many come back due to Mint cancellations, but they will go fast as long as there is a flip.
@Capgun said:
Any ideas as to what the 70's will bring when they appear
Your guess is as good as anyone's. They are already going for huge premiums, and there aren't that many of them.
So it will totally depend on how they grade. If there are relatively few 70s, they'll go for a big premium over the already big premium. Otherwise, not so much.
My guess is that, based on how few there are and how they are being struck, that they will almost all be 70s, and that there won't be a big premium. But it's just a guess, because no one really has any way to know until they are graded, and then offered for sale.
Comments
Shouldnt have cancelled, they are selling for a few thou profit already.
not after fees and ebay risk. All the BG's I am part of pulled their gold offers. I cant see how the market settles north of 20k for these. the premium is just way too ginormous. Doesnt pass the smell test to me. Liberty Bell? Sorry dont see it.
The novelty is cool but at this point the mint has turned to the dark side of the force.
They have tasted the greed of being flippers themselves after decades of watching others profit. Theres no going back. there will be an endless stream of new novelty items coming, thats for sure.
Is a liberty bell more interesting that a bat shaped coin for MLB's 125th anniversary?
or a MJ dancing pose coin for some annual milestone etc etc etc etc etc. Theres no end to novelty coins.
everyone said the same thing about the "American Liberty 2025 High Relief Gold Coin". its ugly. its stupid and it has 12K or so minted.
can easily sell it for $5K right now. sure its only 800 on the 4200 investment. but it's still 20%.
No one will think that a $10K or $20K coin (yeah it's a coin) will have an instant flip market. bet not even 10% of the people who entered the queue today have a credit card with $20K in availability.
know your market. your won't be able to flip it out in 5 days. but it will hold its value.....
wayy too risky to gamble. Market can settle at 10k easy. Downside far greater than upside.
In term of the High Relief coin - that may be the single greatest coin ever made with GINORMOUS historic interest.
This Liberty Bell has as much history with it (from a coin perspective) as Las Vegas
You're going to have an absolute minimum of 500 ATS on the 1oz coin within the next few days. Knock yourself out.
List your ask. Then see how it’s shaking. Adjust your price as needed. Right now lowest ask is $10,219. Depends on your credit card rewards what you’d make. I wouldn’t sell this expa coin on eBay.
the sunflower? what GINORMOUS historic interest? 2025.
Augustus St Gaudens US American Eagle
the sunflower.
Always know your market.
You have NO RISK in the short term up until delivery. Then you have 7 days return.
Even with an ebay store and reduced fees, making even 2-3k on a 10k investment is 20-30% short term.
Sorry - I thought you meant the 2009 High Relief. Anyways, the sunflower is a proof to me, not a rebuttal. The premium over melt is small.
Ive had the mint lose a return. 30k is a lot to risk. plus they can ban you for returns per terms and conditions.
In the waiting room at 11:45 with one minute then went to 10 minutes, etc. Never made it to the the purchase page till it was to late. I expected a blank show and got one.
I've been in the mix with every major mint offering for the last 30+ years.
I've been buying from the USM since the late 1970's.
I've had many cases where I thought the coin would absolutely bomb. I was surprised several times.
After my first few misses on decent deals, I generally would take a chance on almost everything limited and with precious metal content.
It's harder now with the huge USM premiums on precious metal coins - you have to overcome a steep hurdle to get into the "black" as they say.
The bots are being directed by humans, and humans will take possession of these. They will also be paying for them.
So it doesn't matter if bots bought most, as those running the bots are getting the coins and medals.
What this shows is the mint website is broken, as I have been saying all along. Is it fair bots can order? No, but that is how this is set up.
You lost badly here, I am surprised you are still trying to turn this somehow. Accept how it went and try to learn something for once in your life.
A few posters tried to help you, and instead the fangs came out.
It's not a cash cow play, the numbers are minuscule.
It's a halo item.
yikes the BG's im part of all cancelled their offers, and 1 even agreed to pay the promised commission ($250 over) and still asked everyone to just cancel. No one wants to be holding the bag on golds.
Will mint learn lesson? who knows.
Uncertain that it's even that. Right now, it's just flippers.
Let's see just how many people chase them on eBay. If they show up on TV for several thousand dollars, and sell out, then it's a "halo item." Right now it's just Pavlovian dogs answering a buyers club bell.
Of course I'm not going to sell at a loss when I have a return option. I was asking the OP how he made a profit selling through PURE.
The orderbook on Pure tells it all. There's more demand than supply for the silver (1 offered at ~$5k, lots of bids around $2800). After early market action on the 1/2oz at ~$10.4k, there's zero action and lots of supply at $10.2k. Still, sales continue to trickle in at ebay at nice premiums there but I assume the sellers will start undercutting each other in a race to the bottom unless more demand develops.
Im so happy I was too busy working that I forgot these 3 ridiculous coins were up for sale. FOMO is a crazy thing, I mightve tried to win the gold even though I don't collect medals.
1/2 oz gold has shipped (or tracking provided).
gold are coins only silver is medal
They are selling for close to $3000 on ebay now. Confirmed orders. Real sales.
All comments reflect the opinion of the author, even when irrefutably accurate.
Fake news. Those aren’t real sales - just bots selling to other bots.
And they just pay eBay 13% of the sales price to make the transaction seem legitimate?
That seems unlikely.
Llamas and alpacas are camels. They aren't like camels, or related. They are camels. When was anyone going to tell me this?! How long had Bill Nye been holding out on us?
I ordered the 1/2 oz gold and cancelled a couple hours later. Part of me wanted to keep it because it’s really unique and cool. Part of me wanted to flip it. But I just worry the demand isn’t there at $10k and $20k. If the price on the secondary market drops enough, I wouldn’t mind having one. But if it doesn’t, I won’t fret about anything.
This seems like a high risk flip and I don’t know if it the level of potential reward matches the level of risk.
Kudos to the mint for potentially pricing the gold appropriately. Hopefully in the future people won’t rush to sell out the gold unless they actually want to keep it. Hopefully some lessons were learned by both the mint and the buyer.
Successful transactions with: wondercoin, Tetromibi, PerryHall, PlatinumDuck, JohnMaben/Pegasus Coin & Jewelry, CoinFlip, coinlieutenant, bigjpst, and joebb21.
Sorry. As hellbent as you seem to be to beat me into submission, it's not going to happen.
You already have my mea culpa on the flip. I clearly underestimated the ferocity with which the buyers clubs would slam the website.
Beyond that, I'm not wrong. Pretty much everyone bought them to sell. Just about no one bought them to keep.
As evidenced by the widely reported cancellations of the gold, and the total disappearance of bids for them. TBD what ultimately happens with the silver. Not sure who's going to be holding the bag when the music stops, and at what price, but it's pretty clear that 6K people just aren't interested in having an example in any metal at any price. So there's that.
He was being sarcastic.
All comments reflect the opinion of the author, even when irrefutably accurate.
I don't know what a halo item is.
I do know what a cash cow is. W the profit on these I think that they qualify.
Okay. And didn't a few July 4th privy quarters also sell, confirmed orders, real sales, at crazy prices?
Yes, tremendous action at noon. Did you get one?
Lots of FOMO right now. The fever already broke on the gold after like 2 hours.
Quite frankly, I was very surprised the gold sold out at all, and said so at the time. You can go back and check.
So I was at least right about them. Tons of them will be going back to the Mint. You can take that to the bank.
Is there going to be sustained demand for silver at these prices? Seems unlikely, given who the buyers were, and what portion are going to be offered for resale in the next few weeks.
Will you be looking on eBay to add one to your collection? I doubt anyone else here will either.
So maybe they'll end up on TV for $5K, they will sell out at that price, I will have turned out to have been wrong, and collectors really need these.
But the fact that there does not seem to be a market for the gold, at much higher pricing but much lower premiums to intrinsic value, coins, not medals, indicates this might be a big crash and burn.
You don't think July 4th quarters were ever really worth $1K+, although they sold there at a snapshot in time to people who didn't know any better, assuming those sales were real, right? So let's just wait and see with these. If they are still $3K in a few weeks, let alone months or years, I was wrong.
Right now, I was wrong about how the buyers clubs would hit this. I'm going to leave it at that for now.
Once the bots start collecting, the sky's the limit for moderns, I'd think.
Flipping prices almost never gold long term. Respectfully, you are moving the goal post.
All comments reflect the opinion of the author, even when irrefutably accurate.
A "halo item" is a unique, high priced, limited edition that is supposed to confer a "halo" of prestige across an entire brand. Corvettes for Chevy. FH gold privies and Omega cents for the Mint.
I don't think these would qualify. But, sure, if the Mint can sell a half ounce of silver in limited quantities for $1500 per ounce, and have a sustained secondary market develop for it at a significant premium to the issue price, then, yeah, limited edition medals in unique shapes will be a halo item to accompany 250K reverse proof Morgan and Peace Dollars.
Tell @cladking to have co-pilot start coding some up for him.
chopmarkedtradedollars.com
Silver appears 'hot' for resale or at least 'warmer' edit: e.g. Pinehurst is only buying the silver bell $1250.
You're welcome to try telling him if you like. Good luck!
I have teenage kids, there are more than enough people around who don't listen to me, don't need to add him to the list.
chopmarkedtradedollars.com
How's the 'weather' ?? Hey if you end up opening the box, please share the Lib Bell 'porn' Thanks
That one ounce gold is interesting.
Someone is apparently looking to dump it at cost, before returning to the Mint, just to grab the credit card points. And finding no takers.
That is going to be a disaster for the Mint. Good. They reaped what they sowed with this.
Tons of money to make them, package them, ship them, and then process the returns. Good. With nothing to show for it, other than 2K silver out the door at $750 each.
If the silver holds, the lesson here will be to limit things like this to lower cost items that they can gouge on, since the people attracted to things like this cannot afford gold. Would be better if the lesson was to not do things like this at all, but $3K sales on eBay are not exactly making that case for me.
25 years ago the wiki article about modern coins pointed out the obvious truism that "Moderns Are Uncollectible". I changed it to "to each his own" and it was changed back almost immediately. Today the wiki article on pyramids says that Hatnub has proven they must have put posts on the ramps to help drag the stones.
Now days you can bypass wiki altogether and let an AI find possible solutions to your questions and AI knows moderns are collectible and some are tough. You're welcome.
This is the nature of progress; only what works persists. AI works. Egyptology won't last.
Interestingly, many of the buyers, right up until an hour before 12:00 pm EDT were sending out e-mails saying they would be buying all three issues.
Some were offering $1k & 1.5k over sale price on the Gold coins.
By 12:30 they were all back-tracking and saying they were full on their Gold buys but asking if anyone had any silver.
Ugh...the cancellations & returns are going to be interesting!
I wonder how many more mornings at 7:30am will the Gold's be offered...
BST references available on request
$20k????
At least make it 2.5 ounces of gold to lessen the sting!
I'm a little late to the discussion. Too bad! 😛
Throw a coin enough times, and suppose one day it lands on its edge.
The golds are dead. They will be available tomorrow, and probably every day thereafter.
Because people were buying them to flip, not keep. And it turns out that there is no flip.
Silver is another story, because there is a flip. TBD how many come back due to Mint cancellations, but they will go fast as long as there is a flip.
Any ideas as to what the 70's will bring when they appear
Your guess is as good as anyone's. They are already going for huge premiums, and there aren't that many of them.
So it will totally depend on how they grade. If there are relatively few 70s, they'll go for a big premium over the already big premium. Otherwise, not so much.
My guess is that, based on how few there are and how they are being struck, that they will almost all be 70s, and that there won't be a big premium. But it's just a guess, because no one really has any way to know until they are graded, and then offered for sale.
Not sure why, on this occasion, the big guns aren't out with them already
I dont think so.
