Although I like the designs, the prices are outlandish & would suggest NOT taking too much of the mint's availability stats as has been suggested. How much does the new mint director have to do with all of this? Probably not much IMHO.
Having gotten the 2009 issues dulls my interest a bit in BOM 5 & also having the 2016 issues for the first three. I was OK on missing the "1804" as a gold clinical version of the original SILVER dollar just doesn't do it for me...Maybe a screw press striking giving a bit more of the original would have worked?
Love that Milled British (1830-1960) Well, just Love coins, period.
@7Jaguars said:
Although I like the designs, the prices are outlandish & would suggest NOT taking too much of the mint's availability stats as has been suggested. How much does the new mint director have to do with all of this? Probably not much IMHO.
Having gotten the 2009 issues dulls my interest a bit in BOM 5 & also having the 2016 issues for the first three. I was OK on missing the "1804" as a gold clinical version of the original SILVER dollar just doesn't do it for me...Maybe a screw press striking giving a bit more of the original would have worked?
The prices are no more outlandish than other products. For BM4, if you subtract the price of a Proof Gold Buffalo the medal pencils out to $250 and this set has better packaging. While we'd all like to pay less, this is far from outlandish unless you think all mint prices are outlandish.
@7Jaguars said:
Although I like the designs, the prices are outlandish & would suggest NOT taking too much of the mint's availability stats as has been suggested. How much does the new mint director have to do with all of this? Probably not much IMHO.
Having gotten the 2009 issues dulls my interest a bit in BOM 5 & also having the 2016 issues for the first three. I was OK on missing the "1804" as a gold clinical version of the original SILVER dollar just doesn't do it for me...Maybe a screw press striking giving a bit more of the original would have worked?
The prices are no more outlandish than other products. For BM4, if you subtract the price of a Proof Gold Buffalo the medal pencils out to $250 and this set has better packaging. While we'd all like to pay less, this is far from outlandish unless you think all mint prices are outlandish.
I do!
Love that Milled British (1830-1960) Well, just Love coins, period.
What is the best guess early thinking on this? I need to turn in a work schedule today for that week. Do I take the day off, so I can go to the library, have four desktops and my phone to try to successfully navigate this on sale? or am I good to go to work, have one or two desktops and my phone and possible interruptions?
@Survivor50 said:
What is the best guess early thinking on this? I need to turn in a work schedule today for that week. Do I take the day off, so I can go to the library, have four desktops and my phone to try to successfully navigate this on sale? or am I good to go to work, have one or two desktops and my phone and possible interruptions?
Based on BOM1-4, you don't need to do anything special. They will be easily available whenever you want them.
@Survivor50 said:
What is the best guess early thinking on this? I need to turn in a work schedule today for that week. Do I take the day off, so I can go to the library, have four desktops and my phone to try to successfully navigate this on sale? or am I good to go to work, have one or two desktops and my phone and possible interruptions?
In the first half of the year, I'd have 3 devices going to try to get the best shot of getting out of the waiting room early. However, for the past 4-5 releases I've gone for with a waiting room, I've only used my phone. All but once, I was in within the first 2 minutes. The Trump dollars were a different story. Was shown a 19 minute wait time, but was in within 4 minutes. I've yet to be skunked. Luck? Perhaps, but I think my strategy before drop has paid off. I won't go into detail, but it makes no sense to me to start waiting a half hour or more before the release when supposedly everyone gets randomly thrown into the real waiting room at noon. Only two more waiting rooms to go for me... Unless the mint drops a surprise or two before the end of the year. I'd really like a set of mint wrapped SemiQ nickel rolls.
@Survivor50 said:
What is the best guess early thinking on this? I need to turn in a work schedule today for that week. Do I take the day off, so I can go to the library, have four desktops and my phone to try to successfully navigate this on sale? or am I good to go to work, have one or two desktops and my phone and possible interruptions?
In the first half of the year, I'd have 3 devices going to try to get the best shot of getting out of the waiting room early. However, for the past 4-5 releases I've gone for with a waiting room, I've only used my phone. All but once, I was in within the first 2 minutes. The Trump dollars were a different story. Was shown a 19 minute wait time, but was in within 4 minutes. I've yet to be skunked. Luck? Perhaps, but I think my strategy before drop has paid off. I won't go into detail, but it makes no sense to me to start waiting a half hour or more before the release when supposedly everyone gets randomly thrown into the real waiting room at noon. Only two more waiting rooms to go for me... Unless the mint drops a surprise or two before the end of the year. I'd really like a set of mint wrapped SemiQ nickel rolls.
I had the library set up with the Trump dollars, everything was showing one hour wait then would vary up and down. I was sure I was going to get skunked, but 20 minutes in and I have orders processing, I just wish they would flip to shipping. Yes, I would like to get a set of mint wrapped nickels as well, we have had everything else, it would be nice to round out the set. I'm also thinking there will be a low mintage item pop up Oct/Nov that I will feel the need to try for.
@NJCoin said:
Based on BOM1-4, you don't need to do anything special. They will be easily available whenever you want them.
I strongly suspect this as well but is there a possibility that people who buy the yearly sets of the American Gold Eagles will feel compelled to buy this? I have no idea how many people that is but it might be a tiny extra source of demand.
@NJCoin said:
Based on BOM1-4, you don't need to do anything special. They will be easily available whenever you want them.
I strongly suspect this as well but is there a possibility that people who buy the yearly sets of the American Gold Eagles will feel compelled to buy this? I have no idea how many people that is but it might be a tiny extra source of demand.
Anything is always possible, but no. There was also a "strong suspicion" that those who bought BOM1-3 would chase BOM4, in addition to those in love with the design, creating a frenzy when the maximum mintage was cut in half.
Demand for BOM5 will be equal to or less than BOM4. If you want to get worked up and take the day off to travel to DC to be first in line, no one will stop you. But BOM5 will be no more difficult to obtain than BOM1-4.
@NJCoin said:
Based on BOM1-4, you don't need to do anything special. They will be easily available whenever you want them.
I strongly suspect this as well but is there a possibility that people who buy the yearly sets of the American Gold Eagles will feel compelled to buy this? I have no idea how many people that is but it might be a tiny extra source of demand.
Anything is always possible, but no. There was also a "strong suspicion" that those who bought BOM1-3 would chase BOM4, in addition to those in love with the design, creating a frenzy when the maximum mintage was cut in half.
Demand for BOM5 will be equal to or less than BOM4. If you want to get worked up and take the day off to travel to DC to be first in line, no one will stop you. But BOM5 will be no more difficult to obtain than BOM1-4.
Wholly and 100% agree with you here. Initial hour of a rush, followed by a slow draining of inventory with a couple thousand available 24 hours a day for weeks after drop date.
I have this item on the wish list. When you pull it up there is shows backorder status and expected shipping date September 17. It doesn't even go on sale til the 24th 🤣
The St. Guadens High Relief set is the only one of these overpriced offerings which interests me. I will be able to resist because I have an original. If the mint's prices were more reasonable, I'd consider it.
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 ... ?
@BillJones said:
The St. Guadens High Relief set is the only one of these overpriced offerings which interests me. I will be able to resist because I have an original. If the mint's prices were more reasonable, I'd consider it.
Wow, so beautiful.
For the price of the BOM series, coukd get an original
The BOM 5 wont be as beautiful. Its smaller & has the privy - whis is so unfortunate
Prob the most beautiful circulating coin in history
Totally agree re how absurdly overpriced the gold offerings are.
@BillJones said:
The St. Guadens High Relief set is the only one of these overpriced offerings which interests me. I will be able to resist because I have an original. If the mint's prices were more reasonable, I'd consider it.
Wow, so beautiful.
For the price of the BOM series, coukd get an original
The BOM 5 wont be as beautiful. Its smaller & has the privy - whis is so unfortunate
Prob the most beautiful circulating coin in history
Totally agree re how absurdly overpriced the gold offerings are.
The mint sold this one back in 2009. It actually does have a place in history since it's made after a pattern which was diameter of a $10 gold coin, but twice as thick. There are only two originals which survived, and they are in the Smithsonian.
The mint sent me "a hunk of junk" with die polishing marks. I bought this one, which is in an MS-70 holder from the ticked off dealer who as angry because the prices were coming down. The high cost of gold is bailing me out right now.
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 ... ?
@7Jaguars said:
You know, the glowing gold of the original is SO beautiful. Look at it compared to the 2009 or the 1804 gold.
you bring up an excellent point here - im v used to the look of 24k gold; it's extremely warm and saturated - and, now that you mention it, when I had the 1804 in-hand in front of my eyes, I did not see the same warmth and saturation ... for 24k gold coins, why do these BOMs not have the same saturation as, say, baht jewelry
@BillJones said:
The St. Guadens High Relief set is the only one of these overpriced offerings which interests me. I will be able to resist because I have an original. If the mint's prices were more reasonable, I'd consider it.
If you can afford to have an original, and if it interests you, why is price holding you back?
@BillJones said:
The St. Guadens High Relief set is the only one of these overpriced offerings which interests me. I will be able to resist because I have an original. If the mint's prices were more reasonable, I'd consider it.
If you can afford to have an original, and if it interests you, why is price holding you back?
Paying way over melt for a modern gold coin is financially very risky. I collected the modern gold pieces for years. Could I make money if I sold them? Yes, but only because of their gold content. Their numismatic value is zero in almost all cases.
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 ... ?
@BillJones said:
The St. Guadens High Relief set is the only one of these overpriced offerings which interests me. I will be able to resist because I have an original. If the mint's prices were more reasonable, I'd consider it.
If you can afford to have an original, and if it interests you, why is price holding you back?
Paying way over melt for a modern gold coin is financially very risky. I collected the modern gold pieces for years. Could I make money if I sold them? Yes, but only because of their gold content. Their numismatic value is zero in almost all cases.
Understood. So you buy it if you like it, and if you can afford it. Not because it's a better investment than the S&P 500.
Because, as you well know, you have far more numismatic value tied up in your 1907 High Relief than the $1,000 premium the Mint is asking for the 2026 version. Which means, believe it or not, you actually have far more risk in holding it.
@BillJones said:
The St. Guadens High Relief set is the only one of these overpriced offerings which interests me. I will be able to resist because I have an original. If the mint's prices were more reasonable, I'd consider it.
If you can afford to have an original, and if it interests you, why is price holding you back?
Paying way over melt for a modern gold coin is financially very risky. I collected the modern gold pieces for years. Could I make money if I sold them? Yes, but only because of their gold content. Their numismatic value is zero in almost all cases.
Understood. So you buy it if you like it, and if you can afford it. Not because it's a better investment than the S&P 500.
Because, as you well know, you have far more numismatic value tied up in your 1907 High Relief than the $1,000 premium the Mint is asking for the 2026 version. Which means, believe it or not, you actually have far more risk in holding it.
I would be surprised if the mint’s issue price is only $1,000 over melt. The last time I priced the four AGE Proof set, which contains 1.85 ounces of gold, the premium was much higher than that. I don’t recall the exact numbers but was like melt $8,350 and issue price over $11,000.
If the prices for the 1907 High Relief goes to pot, the rest of your collection won’t amount to much.
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 ... ?
@BillJones said:
The St. Guadens High Relief set is the only one of these overpriced offerings which interests me. I will be able to resist because I have an original. If the mint's prices were more reasonable, I'd consider it.
If you can afford to have an original, and if it interests you, why is price holding you back?
Paying way over melt for a modern gold coin is financially very risky. I collected the modern gold pieces for years. Could I make money if I sold them? Yes, but only because of their gold content. Their numismatic value is zero in almost all cases.
Understood. So you buy it if you like it, and if you can afford it. Not because it's a better investment than the S&P 500.
Because, as you well know, you have far more numismatic value tied up in your 1907 High Relief than the $1,000 premium the Mint is asking for the 2026 version. Which means, believe it or not, you actually have far more risk in holding it.
I would be surprised if the mint’s issue price is only $1,000 over melt. The last time I priced the four AGE Proof set, which contains 1.85 ounces of gold, the premium was much higher than that. I don’t recall the exact numbers but was like melt $8,350 and issue price over $11,000.
Then you'd be surprised. The price this week is $5640, and that includes a one ounce silver medal with the same 15K mintage.
Back out around $200 for the medal, and you have $5440 for the gold coin. Gold closed today at $4395 per ounce. That $5640 will likely be going down by $50 tomorrow night.
The AGE proof set is currently $10,022.50. 1.85*4395=8130.75. 10,022.5/1.85=5417.58. A little over $1K premium, and likely to go down a little when they reprice tomorrow night.
They publish a grid that shows the exact premium at every price band. The premium for proof AGEs is $850-900 per ounce. It's $1150-1190 per ounce of gold for BOM because that includes $300 for a limited mintage silver medal. And/or they are charging a little more for the limited BOM. Still around $1,000 per ounce of gold.
@BillJones said:
The St. Guadens High Relief set is the only one of these overpriced offerings which interests me. I will be able to resist because I have an original. If the mint's prices were more reasonable, I'd consider it.
If you can afford to have an original, and if it interests you, why is price holding you back?
Paying way over melt for a modern gold coin is financially very risky. I collected the modern gold pieces for years. Could I make money if I sold them? Yes, but only because of their gold content. Their numismatic value is zero in almost all cases.
Understood. So you buy it if you like it, and if you can afford it. Not because it's a better investment than the S&P 500.
Because, as you well know, you have far more numismatic value tied up in your 1907 High Relief than the $1,000 premium the Mint is asking for the 2026 version. Which means, believe it or not, you actually have far more risk in holding it.
I would be surprised if the mint’s issue price is only $1,000 over melt. The last time I priced the four AGE Proof set, which contains 1.85 ounces of gold, the premium was much higher than that. I don’t recall the exact numbers but was like melt $8,350 and issue price over $11,000.
Then you'd be surprised. The price this week is $5640, and that includes a one ounce silver medal with the same 15K mintage. Back out around $200 for the medal, and you have $5440 for the gold coin. Gold closed today at $4395 per ounce. That $5640 will likely be going down by $50 tomorrow night.
Go ahead and buy the thing if you think it’s a great investment. I’ve seen modern coin prices collapse time and time again over my 60+ years as a collector. Back in the ‘60s a 1960 small date Proof cent $50. A 1950-D nickel was $35. The 1973 40% silver Proof Ike was $250. I could go on and on.
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 ... ?
@BillJones said:
The St. Guadens High Relief set is the only one of these overpriced offerings which interests me. I will be able to resist because I have an original. If the mint's prices were more reasonable, I'd consider it.
If you can afford to have an original, and if it interests you, why is price holding you back?
Paying way over melt for a modern gold coin is financially very risky. I collected the modern gold pieces for years. Could I make money if I sold them? Yes, but only because of their gold content. Their numismatic value is zero in almost all cases.
Understood. So you buy it if you like it, and if you can afford it. Not because it's a better investment than the S&P 500.
Because, as you well know, you have far more numismatic value tied up in your 1907 High Relief than the $1,000 premium the Mint is asking for the 2026 version. Which means, believe it or not, you actually have far more risk in holding it.
Why are you trying to tell people why they should or should not buy a coin? Don’t you think they should get to make that decision however they’d like? Ridiculous.
@BillJones said:
The St. Guadens High Relief set is the only one of these overpriced offerings which interests me. I will be able to resist because I have an original. If the mint's prices were more reasonable, I'd consider it.
If you can afford to have an original, and if it interests you, why is price holding you back?
Paying way over melt for a modern gold coin is financially very risky. I collected the modern gold pieces for years. Could I make money if I sold them? Yes, but only because of their gold content. Their numismatic value is zero in almost all cases.
Understood. So you buy it if you like it, and if you can afford it. Not because it's a better investment than the S&P 500.
Because, as you well know, you have far more numismatic value tied up in your 1907 High Relief than the $1,000 premium the Mint is asking for the 2026 version. Which means, believe it or not, you actually have far more risk in holding it.
Why are you trying to tell people why they should or should not buy a coin? Don’t you think they should get to make that decision however they’d like? Ridiculous.
I gave opinion, and you don’t like it. One would think that I am some kind of influencer. I’m not.
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 ... ?
@BillJones said:
The St. Guadens High Relief set is the only one of these overpriced offerings which interests me. I will be able to resist because I have an original. If the mint's prices were more reasonable, I'd consider it.
If you can afford to have an original, and if it interests you, why is price holding you back?
Paying way over melt for a modern gold coin is financially very risky. I collected the modern gold pieces for years. Could I make money if I sold them? Yes, but only because of their gold content. Their numismatic value is zero in almost all cases.
Understood. So you buy it if you like it, and if you can afford it. Not because it's a better investment than the S&P 500.
Because, as you well know, you have far more numismatic value tied up in your 1907 High Relief than the $1,000 premium the Mint is asking for the 2026 version. Which means, believe it or not, you actually have far more risk in holding it.
I would be surprised if the mint’s issue price is only $1,000 over melt. The last time I priced the four AGE Proof set, which contains 1.85 ounces of gold, the premium was much higher than that. I don’t recall the exact numbers but was like melt $8,350 and issue price over $11,000.
Then you'd be surprised. The price this week is $5640, and that includes a one ounce silver medal with the same 15K mintage. Back out around $200 for the medal, and you have $5440 for the gold coin. Gold closed today at $4395 per ounce. That $5640 will likely be going down by $50 tomorrow night.
Go ahead and buy the thing if you think it’s a great investment. I’ve seen modern coin prices collapse time and time again over my 60+ years as a collector. Back in the ‘60s a 1960 small date Proof cent $50. A 1950-D nickel was $35. The 1973 40% silver Proof Ike was $250. I could go on and on.
I buy because I like. Not because I think any of this is "a great investment." Rising gold provides a kicker. Hopefully, numismatic premiums will kick in if gold collapses.
Not my point. My point was only that you are in a position to own a 1907 High Relief St. Gaudens. I am not. You have a lot more to lose in it than I do in a 2026 BOM set. And yet you'll buy one and not the other, due to "numismatic premium."
@BillJones said:
The St. Guadens High Relief set is the only one of these overpriced offerings which interests me. I will be able to resist because I have an original. If the mint's prices were more reasonable, I'd consider it.
If you can afford to have an original, and if it interests you, why is price holding you back?
Paying way over melt for a modern gold coin is financially very risky. I collected the modern gold pieces for years. Could I make money if I sold them? Yes, but only because of their gold content. Their numismatic value is zero in almost all cases.
Understood. So you buy it if you like it, and if you can afford it. Not because it's a better investment than the S&P 500.
Because, as you well know, you have far more numismatic value tied up in your 1907 High Relief than the $1,000 premium the Mint is asking for the 2026 version. Which means, believe it or not, you actually have far more risk in holding it.
Why are you trying to tell people why they should or should not buy a coin? Don’t you think they should get to make that decision however they’d like? Ridiculous.
I gave opinion, and you don’t like it. One would think that I am some kind of influencer. I’m not.
@BillJones said:
The St. Guadens High Relief set is the only one of these overpriced offerings which interests me. I will be able to resist because I have an original. If the mint's prices were more reasonable, I'd consider it.
If you can afford to have an original, and if it interests you, why is price holding you back?
Paying way over melt for a modern gold coin is financially very risky. I collected the modern gold pieces for years. Could I make money if I sold them? Yes, but only because of their gold content. Their numismatic value is zero in almost all cases.
Understood. So you buy it if you like it, and if you can afford it. Not because it's a better investment than the S&P 500.
Because, as you well know, you have far more numismatic value tied up in your 1907 High Relief than the $1,000 premium the Mint is asking for the 2026 version. Which means, believe it or not, you actually have far more risk in holding it.
Why are you trying to tell people why they should or should not buy a coin? Don’t you think they should get to make that decision however they’d like? Ridiculous.
Not telling anyone anything. Just asking why someone with the means to own a coin that costs tens of thousands of dollars, and who said they find the new version "interesting," would deny themselves over the premium the Mint charges, when it represents a much smaller premium over intrinsic value than the classic coin.
He could lose money on both, and could lose far more on the one he owns than on the one he finds "overpriced." That's all.
Just asking a question. Certainly not trying to tell anyone what to do with their money.
You're very quick to jump on me. Maybe try to follow the conversation from the beginning before chiming in to scold me.
@BillJones said:
The St. Guadens High Relief set is the only one of these overpriced offerings which interests me. I will be able to resist because I have an original. If the mint's prices were more reasonable, I'd consider it.
If you can afford to have an original, and if it interests you, why is price holding you back?
Paying way over melt for a modern gold coin is financially very risky. I collected the modern gold pieces for years. Could I make money if I sold them? Yes, but only because of their gold content. Their numismatic value is zero in almost all cases.
Understood. So you buy it if you like it, and if you can afford it. Not because it's a better investment than the S&P 500.
Because, as you well know, you have far more numismatic value tied up in your 1907 High Relief than the $1,000 premium the Mint is asking for the 2026 version. Which means, believe it or not, you actually have far more risk in holding it.
I would be surprised if the mint’s issue price is only $1,000 over melt. The last time I priced the four AGE Proof set, which contains 1.85 ounces of gold, the premium was much higher than that. I don’t recall the exact numbers but was like melt $8,350 and issue price over $11,000.
Then you'd be surprised. The price this week is $5640, and that includes a one ounce silver medal with the same 15K mintage. Back out around $200 for the medal, and you have $5440 for the gold coin. Gold closed today at $4395 per ounce. That $5640 will likely be going down by $50 tomorrow night.
Go ahead and buy the thing if you think it’s a great investment. I’ve seen modern coin prices collapse time and time again over my 60+ years as a collector. Back in the ‘60s a 1960 small date Proof cent $50. A 1950-D nickel was $35. The 1973 40% silver Proof Ike was $250. I could go on and on.
I buy because I like. Not because I think any of this is "a great investment." Rising gold provides a kicker. Hopefully, numismatic premiums will kick in if gold collapses.
Not my point. My point was only that you are in a position to own a 1907 High Relief St. Gaudens. I am not. You have a lot more to lose in it than I do in a 2026 BOM set. And yet you'll buy one and not the other, due to "numismatic premium."
I have coins with a much higher numismatic premium relative to melt than 1907 High Relief, like a 1792 half disme. I guess I’m crazy.
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 ... ?
@BillJones said:
The St. Guadens High Relief set is the only one of these overpriced offerings which interests me. I will be able to resist because I have an original. If the mint's prices were more reasonable, I'd consider it.
If you can afford to have an original, and if it interests you, why is price holding you back?
Paying way over melt for a modern gold coin is financially very risky. I collected the modern gold pieces for years. Could I make money if I sold them? Yes, but only because of their gold content. Their numismatic value is zero in almost all cases.
Understood. So you buy it if you like it, and if you can afford it. Not because it's a better investment than the S&P 500.
Because, as you well know, you have far more numismatic value tied up in your 1907 High Relief than the $1,000 premium the Mint is asking for the 2026 version. Which means, believe it or not, you actually have far more risk in holding it.
I would be surprised if the mint’s issue price is only $1,000 over melt. The last time I priced the four AGE Proof set, which contains 1.85 ounces of gold, the premium was much higher than that. I don’t recall the exact numbers but was like melt $8,350 and issue price over $11,000.
Then you'd be surprised. The price this week is $5640, and that includes a one ounce silver medal with the same 15K mintage. Back out around $200 for the medal, and you have $5440 for the gold coin. Gold closed today at $4395 per ounce. That $5640 will likely be going down by $50 tomorrow night.
Go ahead and buy the thing if you think it’s a great investment. I’ve seen modern coin prices collapse time and time again over my 60+ years as a collector. Back in the ‘60s a 1960 small date Proof cent $50. A 1950-D nickel was $35. The 1973 40% silver Proof Ike was $250. I could go on and on.
I buy because I like. Not because I think any of this is "a great investment." Rising gold provides a kicker. Hopefully, numismatic premiums will kick in if gold collapses.
Not my point. My point was only that you are in a position to own a 1907 High Relief St. Gaudens. I am not. You have a lot more to lose in it than I do in a 2026 BOM set. And yet you'll buy one and not the other, due to "numismatic premium."
I have coins with a much higher numismatic premium relative to melt than 1907 High Relief, like a 1792 half disme. I guess I’m crazy.
No. You're certainly not crazy. You just have the means to indulge in classic rare coins.
That's great. I was only asking why you were hesitant to indulge in something modern you find "interesting," at a small fraction of the price.
You might think the value is not there, and you might very well be correct. But you would still have a fraction of the amount at risk as compared to the classics. The classics are not guaranteed to hold their value, or go up, over time, given how expensive they are.
@BillJones said:
The St. Guadens High Relief set is the only one of these overpriced offerings which interests me. I will be able to resist because I have an original. If the mint's prices were more reasonable, I'd consider it.
If you can afford to have an original, and if it interests you, why is price holding you back?
Paying way over melt for a modern gold coin is financially very risky. I collected the modern gold pieces for years. Could I make money if I sold them? Yes, but only because of their gold content. Their numismatic value is zero in almost all cases.
Understood. So you buy it if you like it, and if you can afford it. Not because it's a better investment than the S&P 500.
Because, as you well know, you have far more numismatic value tied up in your 1907 High Relief than the $1,000 premium the Mint is asking for the 2026 version. Which means, believe it or not, you actually have far more risk in holding it.
Why are you trying to tell people why they should or should not buy a coin? Don’t you think they should get to make that decision however they’d like? Ridiculous.
I gave opinion, and you don’t like it. One would think that I am some kind of influencer. I’m not.
Huh? I wasn’t even talking to you 😂
Sorry, I thought you were the other guy who is telling me a 1907 High Relief is a dangerous investment compared to the modern, overpriced stuff the mint is selling.
I paid $250 for the 2026 silver Proof set. A local dealer was offering $350 for them. I guess I should take it, but I am a collector. The set contains the only semi quintessential coins I have.
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 ... ?
@BillJones said:
The St. Guadens High Relief set is the only one of these overpriced offerings which interests me. I will be able to resist because I have an original. If the mint's prices were more reasonable, I'd consider it.
If you can afford to have an original, and if it interests you, why is price holding you back?
Paying way over melt for a modern gold coin is financially very risky. I collected the modern gold pieces for years. Could I make money if I sold them? Yes, but only because of their gold content. Their numismatic value is zero in almost all cases.
Understood. So you buy it if you like it, and if you can afford it. Not because it's a better investment than the S&P 500.
Because, as you well know, you have far more numismatic value tied up in your 1907 High Relief than the $1,000 premium the Mint is asking for the 2026 version. Which means, believe it or not, you actually have far more risk in holding it.
I would be surprised if the mint’s issue price is only $1,000 over melt. The last time I priced the four AGE Proof set, which contains 1.85 ounces of gold, the premium was much higher than that. I don’t recall the exact numbers but was like melt $8,350 and issue price over $11,000.
Then you'd be surprised. The price this week is $5640, and that includes a one ounce silver medal with the same 15K mintage. Back out around $200 for the medal, and you have $5440 for the gold coin. Gold closed today at $4395 per ounce. That $5640 will likely be going down by $50 tomorrow night.
Go ahead and buy the thing if you think it’s a great investment. I’ve seen modern coin prices collapse time and time again over my 60+ years as a collector. Back in the ‘60s a 1960 small date Proof cent $50. A 1950-D nickel was $35. The 1973 40% silver Proof Ike was $250. I could go on and on.
I buy because I like. Not because I think any of this is "a great investment." Rising gold provides a kicker. Hopefully, numismatic premiums will kick in if gold collapses.
Not my point. My point was only that you are in a position to own a 1907 High Relief St. Gaudens. I am not. You have a lot more to lose in it than I do in a 2026 BOM set. And yet you'll buy one and not the other, due to "numismatic premium."
I have coins with a much higher numismatic premium relative to melt than 1907 High Relief, like a 1792 half disme. I guess I’m crazy.
No. You're certainly not crazy. You just have the means to indulge in classic rare coins.
That's great. I was only asking why you were hesitant to indulge in something modern you find "interesting," at a small fraction of the price.
You might think the value is not there, and you might very well be correct. But you would still have a fraction of the amount at risk as compared to the classics. The classics are not guaranteed to hold their value, or go up, over time, given how expensive they are.
“Interesting” does not translate into pulling the trigger. People with means don’t buy everything they see. My last car was nine years old when I traded it.
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 ... ?
I think it would be interesting to compare the original 1907 HR with this 2026, re detail, finish, etc. of course one doesn’t need to own either to do so. Still, it would be fun. (Value aside).
@BillJones said:
The St. Guadens High Relief set is the only one of these overpriced offerings which interests me. I will be able to resist because I have an original. If the mint's prices were more reasonable, I'd consider it.
If you can afford to have an original, and if it interests you, why is price holding you back?
Paying way over melt for a modern gold coin is financially very risky. I collected the modern gold pieces for years. Could I make money if I sold them? Yes, but only because of their gold content. Their numismatic value is zero in almost all cases.
Understood. So you buy it if you like it, and if you can afford it. Not because it's a better investment than the S&P 500.
Because, as you well know, you have far more numismatic value tied up in your 1907 High Relief than the $1,000 premium the Mint is asking for the 2026 version. Which means, believe it or not, you actually have far more risk in holding it.
I would be surprised if the mint’s issue price is only $1,000 over melt. The last time I priced the four AGE Proof set, which contains 1.85 ounces of gold, the premium was much higher than that. I don’t recall the exact numbers but was like melt $8,350 and issue price over $11,000.
Then you'd be surprised. The price this week is $5640, and that includes a one ounce silver medal with the same 15K mintage. Back out around $200 for the medal, and you have $5440 for the gold coin. Gold closed today at $4395 per ounce. That $5640 will likely be going down by $50 tomorrow night.
Go ahead and buy the thing if you think it’s a great investment. I’ve seen modern coin prices collapse time and time again over my 60+ years as a collector. Back in the ‘60s a 1960 small date Proof cent $50. A 1950-D nickel was $35. The 1973 40% silver Proof Ike was $250. I could go on and on.
I buy because I like. Not because I think any of this is "a great investment." Rising gold provides a kicker. Hopefully, numismatic premiums will kick in if gold collapses.
Not my point. My point was only that you are in a position to own a 1907 High Relief St. Gaudens. I am not. You have a lot more to lose in it than I do in a 2026 BOM set. And yet you'll buy one and not the other, due to "numismatic premium."
I have coins with a much higher numismatic premium relative to melt than 1907 High Relief, like a 1792 half disme. I guess I’m crazy.
No. You're certainly not crazy. You just have the means to indulge in classic rare coins.
That's great. I was only asking why you were hesitant to indulge in something modern you find "interesting," at a small fraction of the price.
You might think the value is not there, and you might very well be correct. But you would still have a fraction of the amount at risk as compared to the classics. The classics are not guaranteed to hold their value, or go up, over time, given how expensive they are.
“Interesting” does not translate into pulling the trigger. People with means don’t buy everything they see. My last car was nine years old when I traded it.
Fair enough. I misunderstood.
But, yeah, "a 1907 High Relief is a dangerous investment compared to the modern, overpriced stuff the mint is selling," due to the gross dollars involved.
Might be a much better investment, but it is indisputable that far more dollars are at risk. And that there are no guarantees.
So, yeah, by definition, investing $50K is a double eagle is more dangerous than investing $5K in one.
Because $50K can turn into $40K, and you will lose $10K. $5K will never go below $0.
@NJCoin said:
But, yeah, "a 1907 High Relief is a dangerous investment compared to the modern, overpriced stuff the mint is >selling," due to the gross dollars involved. Might be a much better investment, but it is indisputable that far more >dollars are at risk. And that there are no guarantees. So, yeah, by definition, investing $50K is a double eagle is >more dangerous than investing $5K in one. Because $50K can turn into $40K, and you will lose $10K. $5K will never >go below $0.
Unless a secret hoard of several hundred or more MCMVII HRs materializes out of nowhere.....the price has been pretty stable over time. While I haven't checked pricing religiously of late, $50,000 should get you an MS-64 or something close to that (probably Wire Rim).
I would rather put $$$ into the classic MCMVII since I don't think tastes will suddenly turn against it. Who knows if the modern one fades in interest over time -- the MMIX UHR did see the premium fade after about 5-7 years.
Agree that absolute $$$ are at higher risk with the MCMVII HR but on a percentage basis and also liquidity in being able to get out of the purchase, I'd probably rather have the MCMVII HR. Frankly, if I ever needed cash, I'd rather sell modern stuff than a classic like the MCMVII HR.
Never forget that the MCMVII HR is held by non-numismatists in the past and likely going forward, either from 1-time coin purchasers or inheritors who keep a family heirloom.
@NJCoin said:
But, yeah, "a 1907 High Relief is a dangerous investment compared to the modern, overpriced stuff the mint is >selling," due to the gross dollars involved. Might be a much better investment, but it is indisputable that far more >dollars are at risk. And that there are no guarantees. So, yeah, by definition, investing $50K is a double eagle is >more dangerous than investing $5K in one. Because $50K can turn into $40K, and you will lose $10K. $5K will never >go below $0.
Unless a secret hoard of several hundred or more MCMVII HRs materializes out of nowhere.....the price has been pretty stable over time. While I haven't checked pricing religiously of late, $50,000 should get you an MS-64 or something close to that (probably Wire Rim).
I would rather put $$$ into the classic MCMVII since I don't think tastes will suddenly turn against it. Who knows if the modern one fades in interest over time -- the MMIX UHR did see the premium fade after about 5-7 years.
Agree that absolute $$$ are at higher risk with the MCMVII HR but on a percentage basis and also liquidity in being able to get out of the purchase, I'd probably rather have the MCMVII HR. Frankly, if I ever needed cash, I'd rather sell modern stuff than a classic like the MCMVII HR.
Never forget that the MCMVII HR is held by non-numismatists in the past and likely going forward, either from 1-time coin purchasers or inheritors who keep a family heirloom.
That's all well and good, but nothing is really "stable" with this stuff. Prices move up and down a lot over time. Yes, the quantity is known. It's the demand that fluctuates wildly. And due to the high values and dealer spreads, you are typically buried in high value coins for years after purchase.
Not to mention, "percentage wise" means nothing when you are talking about a 5 or 6 figure asset whose price is stable over time. That means it is losing significant purchasing power after inflation. In addition, for the reason you cited (I'd rather sell modern stuff), the modern stuff, with a robust, active market with tight spreads, is actually more liquid than a single high value coin, if quick cash is what you are looking for.
I won’t be able to convince you, but I’ll leave it with this. I probably have a collection that would make some people jealous. I know the feeling. I felt the same way when I saw the coins some of the old guys brought to clubs, like the New Jersey Numismatic Society in the 1980s. How could I ever afford that stuff?
I’ve been collecting for 66 years. I bought mostly what people call “the classic coins.” When I was in my 20s and early 30’s, I bought the early type coins from 1793 to 1807. I would buy only one or two major coins a year. Back then pieces in the grade ranges from VF to AU cost $2 to $3 thousand. Now a lot of them are $15 to $35 thousand.
One thing I didn’t do was to spend a lot of money on “modern fad coins.” They didn’t do much for me. I collected a Proof set every year (a consistently bad buy) and not much else.
I did buy a 1984 Olympic Proof set and the Statue of Liberty Proof set. Those coins went up like a rocket and crashed to earth just as fast. A bit over 30 years ago, I bought the 6 piece Uncirculated and Proof Statue of Liberty set, in the wooden box, for $155, which was melt. No lie. That’s how bad it can get with that stuff.
If you want to have a great collection 10 or 20 years from now, buy the good stuff. This modern stuff that the mint is pushing is overpriced. A lot of it is going to be worth in melt value in the long run. If you can afford to spend $5 thousand on a modern mint trinket., consider spending it on a collectible with a track record.
End of rant.
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 ... ?
@NJCoin said:
Not to mention, "percentage wise" means nothing when you are talking about a 5 or 6 figure asset whose price is >stable over time. That means it is losing significant purchasing power after inflation. In addition, for the reason you >cited (I'd rather sell modern stuff), the modern stuff, with a robust, active market with tight spreads, is actually more >liquid than a single high value coin, if quick cash is what you are looking for.
I think most buyers except for a few here and in society are looking at a 5-figure purchase, not 6-figure. That would be at the MS-66 level I would suspect.
I also don't think buyers are making an investment and tracking the asset vs. inflation, the S&P 500, or some other bogey. Like art, it's an emotional purchase.
You could be right on selling moderns but who knows how many are selling in the future. My experience is that while not all grades are covered, MCMVII HR sales are pretty robust for a liquid market across multiple grades.
@BillJones said:
If you want to have a great collection 10 or 20 years from now, buy the good stuff. This modern stuff that the mint >is pushing is overpriced. A lot of it is going to be worth in melt value in the long run. If you can afford to spend $5 >thousand on a modern mint trinket., consider spending it on a collectible with a track record.
I agree. Anything I buy modern I assume could or will go back to melt in the future. My classic coins and bills are what I really like.
Don't have an MCMVII HR yet but hope to get one in the future.
@BillJones said:
I won’t be able to convince you, but I’ll leave it with this. I probably have a collection that would make some people jealous. I know the feeling. I felt the same way when I saw the coins some of the old guys brought to clubs, like the New Jersey Numismatic Society in the 1980s. How could I ever afford that stuff?
I’ve been collecting for 66 years. I bought mostly what people call “the classic coins.” When I was in my 20s and early 30’s, I bought the early type coins from 1793 to 1807. I would buy only one or two major coins a year. Back then pieces in the grade ranges from VF to AU cost $2 to $3 thousand. Now a lot of them are $15 to $35 thousand.
One thing I didn’t do was to spend a lot of money on “modern fad coins.” They didn’t do much for me. I collected a Proof set every year (a consistently bad buy) and not much else.
I did buy a 1984 Olympic Proof set and the Statue of Liberty Proof set. Those coins went up like a rocket and crashed to earth just as fast. A bit over 30 years ago, I bought the 6 piece Uncirculated and Proof Statue of Liberty set, in the wooden box, for $155, which was melt. No lie. That’s how bad it can get with that stuff.
If you want to have a great collection 10 or 20 years from now, buy the good stuff. This modern stuff that the mint is pushing is overpriced. A lot of it is going to be worth in melt value in the long run. If you can afford to spend $5 thousand on a modern mint trinket., consider spending it on a collectible with a track record.
End of rant.
It's all good. They are 2 VERY different markets.
I absolutely never meant to poop on the classic market. I was just expressing surprise that someone with the means to participate in the classic market would deny themself a modern they find "interesting" over a few hundred dollars in price. That's all.
@NJCoin said:
I absolutely never meant to poop on the classic market. I was just expressing surprise that someone with the >means to participate in the classic market would deny themself a modern they find "interesting" over a few hundred >dollars in price. That's all.
Most of my silver purchases are moderns or commemoratives. I have a bunch of National Park Foundation Saint-Gaudens commemoratives that have many of the patterns of ASG.
I like them and it's good to have the actual ones made into coins in HR/UHR and also the patterns that never made it to production. And best of all.....a heckuva lot cheaper than in gold !!!
Comments
How is it BOM1 is available to order?
BM1 ats = 14
Down to 2...better be fast.
Wow! B3 might be the winner of the bunch, with only about 10,000 sold! How soon before the mint scraps them? Never?
The dime "sold out" and has gone in and out of stock since then in small numbers due to order cancellations, returns, etc.
ANA 50+ year/Life Member (now "Emeritus")
Author: 3rd Edition of the SampleSlabs book, https://sampleslabs.info/
Although I like the designs, the prices are outlandish & would suggest NOT taking too much of the mint's availability stats as has been suggested. How much does the new mint director have to do with all of this? Probably not much IMHO.
Having gotten the 2009 issues dulls my interest a bit in BOM 5 & also having the 2016 issues for the first three. I was OK on missing the "1804" as a gold clinical version of the original SILVER dollar just doesn't do it for me...Maybe a screw press striking giving a bit more of the original would have worked?
Well, just Love coins, period.
The prices are no more outlandish than other products. For BM4, if you subtract the price of a Proof Gold Buffalo the medal pencils out to $250 and this set has better packaging. While we'd all like to pay less, this is far from outlandish unless you think all mint prices are outlandish.
duplicate.
I've been assigning a value/price of $170 to the companion medals. Gold wise, BM3 has been the best deal so far.
I do!
Well, just Love coins, period.
What is the best guess early thinking on this? I need to turn in a work schedule today for that week. Do I take the day off, so I can go to the library, have four desktops and my phone to try to successfully navigate this on sale? or am I good to go to work, have one or two desktops and my phone and possible interruptions?
Based on BOM1-4, you don't need to do anything special. They will be easily available whenever you want them.
In the first half of the year, I'd have 3 devices going to try to get the best shot of getting out of the waiting room early. However, for the past 4-5 releases I've gone for with a waiting room, I've only used my phone. All but once, I was in within the first 2 minutes. The Trump dollars were a different story. Was shown a 19 minute wait time, but was in within 4 minutes. I've yet to be skunked. Luck? Perhaps, but I think my strategy before drop has paid off. I won't go into detail, but it makes no sense to me to start waiting a half hour or more before the release when supposedly everyone gets randomly thrown into the real waiting room at noon. Only two more waiting rooms to go for me... Unless the mint drops a surprise or two before the end of the year. I'd really like a set of mint wrapped SemiQ nickel rolls.
I had the library set up with the Trump dollars, everything was showing one hour wait then would vary up and down. I was sure I was going to get skunked, but 20 minutes in and I have orders processing, I just wish they would flip to shipping. Yes, I would like to get a set of mint wrapped nickels as well, we have had everything else, it would be nice to round out the set. I'm also thinking there will be a low mintage item pop up Oct/Nov that I will feel the need to try for.
I strongly suspect this as well but is there a possibility that people who buy the yearly sets of the American Gold Eagles will feel compelled to buy this? I have no idea how many people that is but it might be a tiny extra source of demand.
Anything is always possible, but no. There was also a "strong suspicion" that those who bought BOM1-3 would chase BOM4, in addition to those in love with the design, creating a frenzy when the maximum mintage was cut in half.
Demand for BOM5 will be equal to or less than BOM4. If you want to get worked up and take the day off to travel to DC to be first in line, no one will stop you. But BOM5 will be no more difficult to obtain than BOM1-4.
Wholly and 100% agree with you here. Initial hour of a rush, followed by a slow draining of inventory with a couple thousand available 24 hours a day for weeks after drop date.
I have this item on the wish list. When you pull it up there is shows backorder status and expected shipping date September 17. It doesn't even go on sale til the 24th 🤣
The pick-up date for ABPP members is September 17, 2026. Orders must be received by September 15, 2026, at 3 p.m. For BOM4, they took 1,781 of 3,750.
The St. Guadens High Relief set is the only one of these overpriced offerings which interests me. I will be able to resist because I have an original. If the mint's prices were more reasonable, I'd consider it.
Wow, so beautiful.
For the price of the BOM series, coukd get an original
The BOM 5 wont be as beautiful. Its smaller & has the privy - whis is so unfortunate
Prob the most beautiful circulating coin in history
Totally agree re how absurdly overpriced the gold offerings are.
The mint sold this one back in 2009. It actually does have a place in history since it's made after a pattern which was diameter of a $10 gold coin, but twice as thick. There are only two originals which survived, and they are in the Smithsonian.
The mint sent me "a hunk of junk" with die polishing marks. I bought this one, which is in an MS-70 holder from the ticked off dealer who as angry because the prices were coming down. The high cost of gold is bailing me out right now.
You know, the glowing gold of the original is SO beautiful. Look at it compared to the 2009 or the 1804 gold.
Well, just Love coins, period.
you bring up an excellent point here - im v used to the look of 24k gold; it's extremely warm and saturated - and, now that you mention it, when I had the 1804 in-hand in front of my eyes, I did not see the same warmth and saturation ... for 24k gold coins, why do these BOMs not have the same saturation as, say, baht jewelry
If you can afford to have an original, and if it interests you, why is price holding you back?
Paying way over melt for a modern gold coin is financially very risky. I collected the modern gold pieces for years. Could I make money if I sold them? Yes, but only because of their gold content. Their numismatic value is zero in almost all cases.
Understood. So you buy it if you like it, and if you can afford it. Not because it's a better investment than the S&P 500.
Because, as you well know, you have far more numismatic value tied up in your 1907 High Relief than the $1,000 premium the Mint is asking for the 2026 version. Which means, believe it or not, you actually have far more risk in holding it.
I would be surprised if the mint’s issue price is only $1,000 over melt. The last time I priced the four AGE Proof set, which contains 1.85 ounces of gold, the premium was much higher than that. I don’t recall the exact numbers but was like melt $8,350 and issue price over $11,000.
If the prices for the 1907 High Relief goes to pot, the rest of your collection won’t amount to much.
Then you'd be surprised. The price this week is $5640, and that includes a one ounce silver medal with the same 15K mintage.
Back out around $200 for the medal, and you have $5440 for the gold coin. Gold closed today at $4395 per ounce. That $5640 will likely be going down by $50 tomorrow night.
The AGE proof set is currently $10,022.50. 1.85*4395=8130.75. 10,022.5/1.85=5417.58. A little over $1K premium, and likely to go down a little when they reprice tomorrow night.
They publish a grid that shows the exact premium at every price band. The premium for proof AGEs is $850-900 per ounce. It's $1150-1190 per ounce of gold for BOM because that includes $300 for a limited mintage silver medal. And/or they are charging a little more for the limited BOM. Still around $1,000 per ounce of gold.
Go ahead and buy the thing if you think it’s a great investment. I’ve seen modern coin prices collapse time and time again over my 60+ years as a collector. Back in the ‘60s a 1960 small date Proof cent $50. A 1950-D nickel was $35. The 1973 40% silver Proof Ike was $250. I could go on and on.
Why are you trying to tell people why they should or should not buy a coin? Don’t you think they should get to make that decision however they’d like? Ridiculous.
I gave opinion, and you don’t like it. One would think that I am some kind of influencer. I’m not.
I buy because I like. Not because I think any of this is "a great investment." Rising gold provides a kicker. Hopefully, numismatic premiums will kick in if gold collapses.
Not my point. My point was only that you are in a position to own a 1907 High Relief St. Gaudens. I am not. You have a lot more to lose in it than I do in a 2026 BOM set. And yet you'll buy one and not the other, due to "numismatic premium."
Huh? I wasn’t even talking to you 😂
Not telling anyone anything. Just asking why someone with the means to own a coin that costs tens of thousands of dollars, and who said they find the new version "interesting," would deny themselves over the premium the Mint charges, when it represents a much smaller premium over intrinsic value than the classic coin.
He could lose money on both, and could lose far more on the one he owns than on the one he finds "overpriced." That's all.
Just asking a question. Certainly not trying to tell anyone what to do with their money.
You're very quick to jump on me. Maybe try to follow the conversation from the beginning before chiming in to scold me.
I have coins with a much higher numismatic premium relative to melt than 1907 High Relief, like a 1792 half disme. I guess I’m crazy.
No. You're certainly not crazy. You just have the means to indulge in classic rare coins.
That's great. I was only asking why you were hesitant to indulge in something modern you find "interesting," at a small fraction of the price.
You might think the value is not there, and you might very well be correct. But you would still have a fraction of the amount at risk as compared to the classics. The classics are not guaranteed to hold their value, or go up, over time, given how expensive they are.
Sorry, I thought you were the other guy who is telling me a 1907 High Relief is a dangerous investment compared to the modern, overpriced stuff the mint is selling.
I paid $250 for the 2026 silver Proof set. A local dealer was offering $350 for them. I guess I should take it, but I am a collector. The set contains the only semi quintessential coins I have.
“Interesting” does not translate into pulling the trigger. People with means don’t buy everything they see. My last car was nine years old when I traded it.
I think it would be interesting to compare the original 1907 HR with this 2026, re detail, finish, etc. of course one doesn’t need to own either to do so. Still, it would be fun. (Value aside).
Fair enough. I misunderstood.
But, yeah, "a 1907 High Relief is a dangerous investment compared to the modern, overpriced stuff the mint is selling," due to the gross dollars involved.
Might be a much better investment, but it is indisputable that far more dollars are at risk. And that there are no guarantees.
So, yeah, by definition, investing $50K is a double eagle is more dangerous than investing $5K in one.
Because $50K can turn into $40K, and you will lose $10K. $5K will never go below $0.
Unless a secret hoard of several hundred or more MCMVII HRs materializes out of nowhere.....the price has been pretty stable over time. While I haven't checked pricing religiously of late, $50,000 should get you an MS-64 or something close to that (probably Wire Rim).
I would rather put $$$ into the classic MCMVII since I don't think tastes will suddenly turn against it. Who knows if the modern one fades in interest over time -- the MMIX UHR did see the premium fade after about 5-7 years.
Agree that absolute $$$ are at higher risk with the MCMVII HR but on a percentage basis and also liquidity in being able to get out of the purchase, I'd probably rather have the MCMVII HR. Frankly, if I ever needed cash, I'd rather sell modern stuff than a classic like the MCMVII HR.
Never forget that the MCMVII HR is held by non-numismatists in the past and likely going forward, either from 1-time coin purchasers or inheritors who keep a family heirloom.
That's all well and good, but nothing is really "stable" with this stuff. Prices move up and down a lot over time. Yes, the quantity is known. It's the demand that fluctuates wildly. And due to the high values and dealer spreads, you are typically buried in high value coins for years after purchase.
Not to mention, "percentage wise" means nothing when you are talking about a 5 or 6 figure asset whose price is stable over time. That means it is losing significant purchasing power after inflation. In addition, for the reason you cited (I'd rather sell modern stuff), the modern stuff, with a robust, active market with tight spreads, is actually more liquid than a single high value coin, if quick cash is what you are looking for.
I won’t be able to convince you, but I’ll leave it with this. I probably have a collection that would make some people jealous. I know the feeling. I felt the same way when I saw the coins some of the old guys brought to clubs, like the New Jersey Numismatic Society in the 1980s. How could I ever afford that stuff?
I’ve been collecting for 66 years. I bought mostly what people call “the classic coins.” When I was in my 20s and early 30’s, I bought the early type coins from 1793 to 1807. I would buy only one or two major coins a year. Back then pieces in the grade ranges from VF to AU cost $2 to $3 thousand. Now a lot of them are $15 to $35 thousand.
One thing I didn’t do was to spend a lot of money on “modern fad coins.” They didn’t do much for me. I collected a Proof set every year (a consistently bad buy) and not much else.
I did buy a 1984 Olympic Proof set and the Statue of Liberty Proof set. Those coins went up like a rocket and crashed to earth just as fast. A bit over 30 years ago, I bought the 6 piece Uncirculated and Proof Statue of Liberty set, in the wooden box, for $155, which was melt. No lie. That’s how bad it can get with that stuff.
If you want to have a great collection 10 or 20 years from now, buy the good stuff. This modern stuff that the mint is pushing is overpriced. A lot of it is going to be worth in melt value in the long run. If you can afford to spend $5 thousand on a modern mint trinket., consider spending it on a collectible with a track record.
End of rant.
I think most buyers except for a few here and in society are looking at a 5-figure purchase, not 6-figure. That would be at the MS-66 level I would suspect.
I also don't think buyers are making an investment and tracking the asset vs. inflation, the S&P 500, or some other bogey. Like art, it's an emotional purchase.
You could be right on selling moderns but who knows how many are selling in the future. My experience is that while not all grades are covered, MCMVII HR sales are pretty robust for a liquid market across multiple grades.
I agree. Anything I buy modern I assume could or will go back to melt in the future. My classic coins and bills are what I really like.
Don't have an MCMVII HR yet but hope to get one in the future.
It's all good. They are 2 VERY different markets.
I absolutely never meant to poop on the classic market. I was just expressing surprise that someone with the means to participate in the classic market would deny themself a modern they find "interesting" over a few hundred dollars in price. That's all.
Most of my silver purchases are moderns or commemoratives. I have a bunch of National Park Foundation Saint-Gaudens commemoratives that have many of the patterns of ASG.
I like them and it's good to have the actual ones made into coins in HR/UHR and also the patterns that never made it to production. And best of all.....a heckuva lot cheaper than in gold !!!
bulk buyers start ordering tomorrow. I think these will sell a little better than BM4 but we'll see. ATS 3,750
I'm seeing ATS 13800 for BM5, down from 15000.