@ProofCollection said:
Why? They were selling 2018 Platinum Eagles earlier this year. The mint can stand to leave the inventory on their shelves, especially at those markups.
Check the updated numbers. The mint botched this release with the bots and the bad packaging. The strikes were like they came from the Dahlonega mint.
It appears 944 have already been destroyed.
2026 was too aggressive and they should settle for around `1000 mintages for the gold. The market is already saying that.
No need to be a conscientious objector tonight. I said VERBAL combat. Im not suggesting they fight. It was a joke, because they argue incessantly. You had to post twice about it? Sheesh
@DesertCoin said:
(Answer to OP) Doubt they will melt them. The mint has a tenacious habit of hanging onto unpopular products for...ever. If they're smart they can halve the price and sell out. Still well over melt.
Which they won't do, unless they are also willing refund original purchasers, which they will never do.
They have, on occasion, discounted things slightly to move them during so-called clearance sales. But they will never burn the people who paid full price by clearing them out at half price.
That would destroy their ability to ever again overcharge for anything. And they know it.
As a result, they will either sit forever, or they will take the hit and melt them. Years from now. Not on January 2nd.
In the meantime, maybe gold rockets to $20K and they get bailed out. One can always dream!
@Tomthemailcarrier said:
I get tired of the constant bickering. It seems that some have too much time on their hands and feel compelled to get the last word.
No need to get tired. Ignore is a feature for a reason, and this is it.
I happen to think it's the people who think it's their right or obligation to control the speech of others who have "too much time on their hands." There are pretty clear rules regarding harassment, political speech, offensive speech, hate speech, etc.
Beyond that, you are given a tool to exert personal control over anyone or anything you don't like. Complaining, publicly or privately, about people you just don't like, as a way to exert control over something you don't own or control, is, in my mind, inappropriate.
If just one other person appreciates anything anyone has to say, you have a right to be annoyed or to Ignore, but you have no right to deny either the person posting or those who want to read the posts the right to do so.
The internet has democratized pretty much everything. If you think you have a better way to run a numismatic forum, the cost of entry is low, and no one is stopping you. Good luck.
@Tomthemailcarrier said:
I get tired of the constant bickering. It seems that some have too much time on their hands and feel compelled to get the last word.
@Tomthemailcarrier said:
I get tired of the constant bickering. It seems that some have too much time on their hands and feel compelled to get the last word.
OK the Bell saga has been rehashed now ad nauseum.
Every mass production manufacturer has stubbed their toe. EVERY ONE.
Does the Mint produce some cool collectibles representing our cultural heritage? IMO yes. Are they also stretching the product listing a little....yes. Some of it Congessional authorization, but still Mint leadership is gifting some worthy numismatics.
Apparently on many products, collectors are subscribing or they would not be rolling out an ample lineup every year.
@Tomthemailcarrier said:
I get tired of the constant bickering. It seems that some have too much time on their hands and feel compelled to get the last word.
Agreed. Lots of people with too much time on their hands and a curious need for validation.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
A too late update from the MINT: "The Freedom Ringing – Liberty Bell is unlike anything the United States Mint has produced before. Its distinctive Liberty Bell shape makes it our first modern non-round coin, and it presented new and complex challenges in both production and packaging. We recognize that when our customers invest in a historic product like this, the entire experience—from the craftsmanship of the coin or medal to the moment the package is opened—should reflect its significance. That is why we are taking action.
Our actions include enhancing the capsule to provide additional support and improved retention of the product during handling and transportation. The updated design is intended to provide an added level of protection and help maintain the product in its intended position."
The two gold are now unavailable, after being on backorder for a few months. Here is the latest sales for these:
The mint might have permanently pulled these as sales crashed due to the bad packaging and collectors not wanting to get returns.
Both gold are close to a 1000 mintage if this is the end.
PS Just one clarification on the original sales of these, as a claim was made that the mint cancelled many bot orders after these all sold out. The evidence suggests that the mint did not cancel any orders, since the silver remained fully sold out and no major inventory came back like with the gold.
@NJCoin said:
The organic demand for crap like this turns out to be around 1K. Not 2K. To be honest, even that is around 1K >more than I would have thought.
Yes, like the number of serious registry players for various gold coin sets like Saints. Even people with a total financial net worth of a few million can NOT be players for all the coins unless they want to tap the value of their homes and/or retirement accounts, which few will do being smart financial investors.
That Flowing Hair Gold Coin that went for -- I think $7,000 ? -- last year would NOT have had the demand it did and would not have appreciated in price either if it came with a $20,000 price from the Mint. The risk in paying that rich a premium to spot gold would deter lots of people who in theory COULD borrow or liquidate assets to raise $20,000 (I'm thinking of myself and many of my clients/friends/family).
It's just TOO much money that even someone who had $20,000 liquid to buy 5 or 6 gold coins when it came out would not have thought paying $20K for 1 single coin was smart.
@WCC said:
I'm aware of one or maybe two coins with 1000+ where each one sells for the same or higher price, the 1907 HR >Saint and V75 AGE. That's one or two out of how many US coins? 5000+? 00's of 000s if counting all others for US >collectors who also collect non-US coinage. Not very many, is it?
The reason for the strong demand for the silver coins appears simple: lower price.
Those who can not afford the gold coin or could but don't want to pay that much of a premium will pay even more of a premium for lower-priced silver.
We've seen this "kink" in lower-priced demand with SSCA coins, Large Denomination Bills during Covid, and the rise in lower-priced Morgans (also during Covid).
People with some $$$ want to buy something but they can't buy gold coins. Also explains the love for fractional gold.
Almost $20,000 for a prize-in-a-box-of-cereal looking trinket with less than $5,000 intrinsic value that we'll ship to you in carelessly designed packaging that will likely cause damage to it. Yup, hard to understand why this wasn't an instant sellout with no returns.
@HalfDime said:
These came back up for sale, and appear to have a small remaining amount to sell.
ats
1 ounce gold 58
1/2 ounce gold 74
Potential final mintages assuming this is it
1 ounce 1058
1/2 ounce 1099
If those ats numbers hold, they'll be gone soon enough.
Especially so, since they'll be shipped with the new & improved "Capsule" (of which I personally had zero issues with it).
Can't wait to see the new holder/capsule assembly...
@WCC said:
I'm aware of one or maybe two coins with 1000+ where each one sells for the same or higher price, the 1907 HR >Saint and V75 AGE. That's one or two out of how many US coins? 5000+? 00's of 000s if counting all others for US >collectors who also collect non-US coinage. Not very many, is it?
What about that Flowing Hair Gold coin ?
There are far fewer of the Privy coin and more of the one without it which sells for less.
That Flowing Hair Gold Coin that went for -- I think $7,000 ? -- last year would NOT have had the demand it did and would not have appreciated in price either if it came with a $20,000 price from the Mint. The risk in paying that rich a premium to spot gold would deter lots of people who in theory COULD borrow or liquidate assets to raise $20,000 (I'm thinking of myself and many of my clients/friends/family).
It's just TOO much money that even someone who had $20,000 liquid to buy 5 or 6 gold coins when it came out would not have thought paying $20K for 1 single coin was smart.
JMHO.
You are sugar coating it. Even if it turns out to be a profitable "investment" due to speculation, this coin is an absolutely awful relative collectible value to practically any collector who can afford to spend $20K on any coin.
I've used it as a counter example to NCLT many times. Last I checked; it was possible to buy the common date US Assay Office DE in AU-58 with CAC for less than $20K. Yes, it's more common absolutely, but nowhere near it in "high" quality. Not much different for any number of other both US and non-US gold.
Comments
What an odd thing to say...a bit unfriendly. I'm disappointed. (As you are, since I'm still here!)
The invisible man.
All comments reflect the opinion of the author, even when irrefutably accurate.
Meanwhile back at the mint, the saga goes on about gold liberty medals 🏅 and there demise 😜
$750 for a half ounce of silver shocked me.
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
Check the updated numbers. The mint botched this release with the bots and the bad packaging. The strikes were like they came from the Dahlonega mint.
It appears 944 have already been destroyed.
2026 was too aggressive and they should settle for around `1000 mintages for the gold. The market is already saying that.
I get tired of the constant bickering. It seems that some have too much time on their hands and feel compelled to get the last word.
He's just trying to stir things up.
Only made more so by your thoughtful contributions.
Which they won't do, unless they are also willing refund original purchasers, which they will never do.
They have, on occasion, discounted things slightly to move them during so-called clearance sales. But they will never burn the people who paid full price by clearing them out at half price.
That would destroy their ability to ever again overcharge for anything. And they know it.
As a result, they will either sit forever, or they will take the hit and melt them. Years from now. Not on January 2nd.
In the meantime, maybe gold rockets to $20K and they get bailed out. One can always dream!
No need to get tired. Ignore is a feature for a reason, and this is it.
I happen to think it's the people who think it's their right or obligation to control the speech of others who have "too much time on their hands." There are pretty clear rules regarding harassment, political speech, offensive speech, hate speech, etc.
Beyond that, you are given a tool to exert personal control over anyone or anything you don't like. Complaining, publicly or privately, about people you just don't like, as a way to exert control over something you don't own or control, is, in my mind, inappropriate.
If just one other person appreciates anything anyone has to say, you have a right to be annoyed or to Ignore, but you have no right to deny either the person posting or those who want to read the posts the right to do so.
The internet has democratized pretty much everything. If you think you have a better way to run a numismatic forum, the cost of entry is low, and no one is stopping you. Good luck.
Just too many options. The mint seemed to have been more intelligent in 1976.
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
No. Just a lot less greedy.
Back then, there was an actual Franklin Mint, so the US Mint did not feel the need to be one.
Happy Columbus Day. I like coins with more than two sides.
If you’re watching Jmanzalaf: EBay sucks. 🤣
+1
2
OK the Bell saga has been rehashed now ad nauseum.
Every mass production manufacturer has stubbed their toe. EVERY ONE.
Does the Mint produce some cool collectibles representing our cultural heritage? IMO yes. Are they also stretching the product listing a little....yes. Some of it Congessional authorization, but still Mint leadership is gifting some worthy numismatics.
Apparently on many products, collectors are subscribing or they would not be rolling out an ample lineup every year.
Agreed. Lots of people with too much time on their hands and a curious need for validation.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
A too late update from the MINT: "The Freedom Ringing – Liberty Bell is unlike anything the United States Mint has produced before. Its distinctive Liberty Bell shape makes it our first modern non-round coin, and it presented new and complex challenges in both production and packaging. We recognize that when our customers invest in a historic product like this, the entire experience—from the craftsmanship of the coin or medal to the moment the package is opened—should reflect its significance. That is why we are taking action.
Our actions include enhancing the capsule to provide additional support and improved retention of the product during handling and transportation. The updated design is intended to provide an added level of protection and help maintain the product in its intended position."
I can see why no 70 silver bell First Strikes.
The two gold are now unavailable, after being on backorder for a few months. Here is the latest sales for these:
The mint might have permanently pulled these as sales crashed due to the bad packaging and collectors not wanting to get returns.
Both gold are close to a 1000 mintage if this is the end.
PS Just one clarification on the original sales of these, as a claim was made that the mint cancelled many bot orders after these all sold out. The evidence suggests that the mint did not cancel any orders, since the silver remained fully sold out and no major inventory came back like with the gold.
Yes, like the number of serious registry players for various gold coin sets like Saints. Even people with a total financial net worth of a few million can NOT be players for all the coins unless they want to tap the value of their homes and/or retirement accounts, which few will do being smart financial investors.
That Flowing Hair Gold Coin that went for -- I think $7,000 ? -- last year would NOT have had the demand it did and would not have appreciated in price either if it came with a $20,000 price from the Mint. The risk in paying that rich a premium to spot gold would deter lots of people who in theory COULD borrow or liquidate assets to raise $20,000 (I'm thinking of myself and many of my clients/friends/family).
It's just TOO much money that even someone who had $20,000 liquid to buy 5 or 6 gold coins when it came out would not have thought paying $20K for 1 single coin was smart.
JMHO.
What about that Flowing Hair Gold coin ?
The reason for the strong demand for the silver coins appears simple: lower price.
Those who can not afford the gold coin or could but don't want to pay that much of a premium will pay even more of a premium for lower-priced silver.
We've seen this "kink" in lower-priced demand with SSCA coins, Large Denomination Bills during Covid, and the rise in lower-priced Morgans (also during Covid).
People with some $$$ want to buy something but they can't buy gold coins. Also explains the love for fractional gold.
Here is a video of how not to handle Liberty Bell gold coins and how bad the packaging was.
Almost $20,000 for a prize-in-a-box-of-cereal looking trinket with less than $5,000 intrinsic value that we'll ship to you in carelessly designed packaging that will likely cause damage to it. Yup, hard to understand why this wasn't an instant sellout with no returns.
Now listen boy, I'm tryin' to teach you sumthin' . . . . that ain't an optical illusion, it only looks like an optical illusion.
My mind reader refuses to charge me. . . . . . .
These came back up for sale, and appear to have a small remaining amount to sell.
ats
1 ounce gold 58
1/2 ounce gold 74
Potential final mintages assuming this is it
1 ounce 1058
1/2 ounce 1099
If those ats numbers hold, they'll be gone soon enough.
Especially so, since they'll be shipped with the new & improved "Capsule" (of which I personally had zero issues with it).
Can't wait to see the new holder/capsule assembly...
Innovative USM coins.....
.
There are far fewer of the Privy coin and more of the one without it which sells for less.
You are sugar coating it. Even if it turns out to be a profitable "investment" due to speculation, this coin is an absolutely awful relative collectible value to practically any collector who can afford to spend $20K on any coin.
I've used it as a counter example to NCLT many times. Last I checked; it was possible to buy the common date US Assay Office DE in AU-58 with CAC for less than $20K. Yes, it's more common absolutely, but nowhere near it in "high" quality. Not much different for any number of other both US and non-US gold.
ats Yesterday Today 1 Day Change
1 ounce gold 58 47 -11
1/2 ounce gold 74 49 -25
May sell out in a few days if this is the final amount.