4 pc UNC Gold AGE sets

BigDaddyz · January 19, 2007 7:00AM

I ordered 4 more of the 4 pc gold sets last nite, today they are "in stock and reserved" so I guess they aren't sold out yet. I don't get it...since you absolutely can't lose money on the deal, why aren't they all gone? Looks like someone with lots of cash would go nuts on it.

coinmickey · January 19, 2007 7:04AM

Are you sure you did not order the 4-pc PROOF set?

jamakin · January 19, 2007 7:12AM

I asked the same question about the single 2006 w uncirculated coins that the mint put out.
$19.99 was a bargin of a life time. The next closest uncirculated ASE mintage is the '96 and that mintage is in the millions. I bought and bougt and bought.

itsnotjustme · January 19, 2007 7:13AM

Cause all us speculators are tapped out on AGE 3-Coin Sets, ASE 3-Coin Sets, Plat 4-Coin Sets, Plat 1 oz Singles, and Gold Fractionals.

I agree they are winners, but I do not shoose to put 50% of my life savings into coins.... although they certainly outperform my other investments....

Manorcourtman · January 19, 2007 7:18AM

<< I ordered 4 more of the 4 pc gold sets last nite, today they are "in stock and reserved" so I guess they aren't sold out yet. I don't get it...since you absolutely can't lose money on the deal, why aren't they all gone? Looks like someone with lots of cash would go nuts on it. >>

I don't believe the profit potential is high enough for the big guns to dive in. I am considering a few but they just don't knock my socks off like the Plats and SAE sets. The reverse is very ho-hum imho. If they grade 69 you would about break even if you sell on the bay and take Paypal. Those factors weigh heavy at this point.

BigDaddyz · January 19, 2007 7:18AM

I had a windfall...used my son's excess student loan money

I guess I better start doing some selling

410a · January 19, 2007 7:23AM

OK so how are they sure winners? Is the mintage that low?
Regards, Michael

BigDaddyz · January 19, 2007 7:23AM

Because they are selling on ebay as individual coins for more than they cost.

fastrudy · January 19, 2007 7:32AM

Yeah! Coinboy had a thread about this. If you buy the set for $1350 from the mint. You can sell off the (now sold out at Mint) fractionals for
1/2 ounce $480
1/4 ounce $285, and
1/10 ounce$140. This totals $905. You get to keep the 1 oz for $445, which is less than melt. Of course, you have to sell the fractionals first.

I also noticed that these sets are on eBay for a BIN of $1750, and they are available from the mint at $1350. Talk about crazy money.

LALASD4 · January 19, 2007 7:37AM

Assuming you can get those prices, and nothing is for sure, then there are all the fees, is it really worth it for a 5% profit?

fastrudy · January 19, 2007 7:52AM

well there is $200 leeway there in case you don't realize those prices, and you can use the BST board. The fact is, on paper, its profitable.

"In theory, there is no difference between practice and theory; in practice, there is."

ttown · January 19, 2007 7:56AM

Gold is a good investment right now and these coins having a change of making good money is a big plus IMO

clackamas · January 19, 2007 8:18AM

So the availability of the sets is keeping the other coins in check in price. Once the sets sell out then the other coins should start moving.

Goldbully · January 19, 2007 8:23AM

These gold Unc sets were in a backorder status for the past few weeks up to this AM.

Now, they seem to be readily available.
For example, the Mint just allowed me to add 298 sets to my cart.

That's $402,300.00 !!!!!....I'll go and empty it now, thank you.

Try for yourself....see how many you can buy!!!!!........AGE Unc Sets

LALASD4 · January 19, 2007 8:29AM

I could add 99 at a time but I stopped after 1188 sets! Seems like there are still thousands of them.

I think you could only buy 99 at a time.

notwilight · January 19, 2007 8:33AM

<< I could add 99 at a time but I stopped after 1188 sets! Seems like there are still thousands of them.

I think you could only buy 99 at a time. >>

I doubt the computer has a maximum set in the database. I would expect that a human would review orders and determine if it is necessary to recuce an order. If they've got 15 sets left and you order 1000, they'll probably reduce your order to 15 when they verify it in a couple of days.

clackamas · January 19, 2007 8:35AM

<< 

<< I could add 99 at a time but I stopped after 1188 sets! Seems like there are still thousands of them.

I think you could only buy 99 at a time. >>

I doubt the computer has a maximum set in the database. I would expect that a human would review orders and determine if it is necessary to recuce an order. If they've got 15 sets left and you order 1000, they'll probably reduce your order to 15 when they verify it in a couple of days. >>

What they will do, and this takes time, is hold your order, and fill what they can, and put what they can't on back order.

LALASD4 · January 19, 2007 8:39AM

Can't they afford to have a real time inventory tracking system?

I don't trust those humans from the mint.

jmski52 · January 19, 2007 8:40AM

Cause all us speculators are tapped out on AGE 3-Coin Sets, ASE 3-Coin Sets, Plat 4-Coin Sets, Plat 1 oz Singles, and Gold Fractionals.

Not to mention the 2007 tsunami coming soon: Gold Buffs 1 oz. & Fractionals - Circulation Strikes and Proofs, ASE, AGE & APE Proofs, ASE, AGE and APE "W" Uncs, ASE, AGE and APE Circulation Strikes, Presidential Dollars in Circulation Strikes and Proofs, Presidential Spouses in Circulation Strikes and Proofs, Regular and Silver Proof Sets, Regular and Silver Quarter Sets, Mint Sets, Kennedy Rolls and Bags, Sac Rolls and Bags, and of course, a full complement of Commemoratives, no doubt.

Do you think that the market will absorb it all, or do you think there will be some sleepers? And do you think that the whole paradigm of "low mintage" is about to be turned on its ear?

GAT · January 19, 2007 8:56AM

ericj96 should be updating the sells figures today on the board. NN should also have some figures tonight on their site.

Higashiyama · January 19, 2007 9:00AM

"And do you think that the whole paradigm of "low mintage" is about to be turned on its ear?"

Very good question. "Low" is a relative term, in particular, mintage is low if it is small compared to the number of collectors with a devoted interest to a particular series.

If there are only a few hundred people interested in completing a particular series, a mintage of 2500 may be high.

MilesWaits · January 19, 2007 11:24AM

Hoping for new mintage numbers.....

Miles

cullenbryant · January 19, 2007 11:46AM

i'm just about to cancel the 1/2 oz out. not worth the hassle. fingers on the button
with 10 days or so left to decide.

Joflax · January 19, 2007 12:24PM

<< i'm just about to cancel the 1/2 oz out. not worth the hassle. fingers on the button
with 10 days or so left to decide. >>

You still have 1/2 ozers backordered??? I thought they have been unavailable since early december???

ddbird · January 19, 2007 12:26PM

Wouldn't cancel...

I expect them to drop in price with the slighlty higher than expected 4-coin set numbers...but it still puts it as the key. In three years you're gonna be kicking yourself all the way down the street.

cullenbryant · January 19, 2007 12:34PM

<< << i'm just about to cancel the 1/2 oz out. not worth the hassle. fingers on the button
with 10 days or so left to decide. >>

You still have 1/2 ozers backordered??? I thought they have been unavailable since early december??? >>

mine is set to ship at the end of january. i got in late, but they are in there and in process.
i wasn't planning on holding onto it for 3 years. the goal was to sell it and maybe half pay for the
jamestown $5, or go back and buy the san fran $5 i wasn't able to get.

Joflax · January 19, 2007 12:36PM

<< 

<< << i'm just about to cancel the 1/2 oz out. not worth the hassle. fingers on the button
with 10 days or so left to decide. >>

You still have 1/2 ozers backordered??? I thought they have been unavailable since early december??? >>

mine is set to ship at the end of january. i got in late, but they are in there and in process.
i wasn't planning on holding onto it for 3 years. the goal was to sell it and maybe half pay for the
jamestown $5, or go back and buy the san fran $5 i wasn't able to get. >>

The prices on Ebay seem to be holding up in spite of them still being available , I hope you get it!

FloridaBill · January 19, 2007 12:41PM

For what it’s worth, I’ve placed orders for 43 sets (mostly one order at a time, but a few were 2 at a time) over the past few days. I know I can’t lose on this trade, plus the miles I earn (on this one trade alone) will give me a free round trip, anywhere in the world, First Class!

And, I’m placing another set of multiple orders tonight (20-30).

FloridaBill

Goldbully · January 19, 2007 12:43PM

<< For what it’s worth, I’ve placed orders for 43 sets (mostly one order at a time, but a few were 2 at a time) over the past few days. I know I can’t lose on this trade, plus the miles I earn (on this one trade alone) will give me a free round trip, anywhere in the world, First Class!

And, I’m placing another set of multiple orders tonight (20-30).

FloridaBill >>

"I'd gladly pay you Tuesday, for a hamburger today!"

Joflax · January 19, 2007 12:53PM

<< For what it’s worth, I’ve placed orders for 43 sets (mostly one order at a time, but a few were 2 at a time) over the past few days. I know I can’t lose on this trade, plus the miles I earn (on this one trade alone) will give me a free round trip, anywhere in the world, First Class!

And, I’m placing another set of multiple orders tonight (20-30).

FloridaBill >>

There you go , close these suckers out so we can finally get a number on the final mintage, it seems that supply is limitless on these coins

LALASD4 · January 19, 2007 12:58PM

You know the dies could still be on the machine and the more you order the later they will stop it.

FloridaBill · January 19, 2007 1:00PM

yep....could be....of course the same thing could have been said about the plats....

Folks, this one is the last No-Brainer we will see until the 10th anniversary plats!

FloridaBill

Joflax · January 19, 2007 1:02PM

I agree, just wish they would stop selling them

fastrudy · January 20, 2007 12:47AM

]

Goldbully · January 20, 2007 12:51AM

<< ] >>

Link

Goldbully · January 20, 2007 12:52AM

<< 

<< ] >>

Link >>

What moron would buy this on eBay????

fastrudy · January 20, 2007 1:00AM

goldbully, That's what I was trying to post when the link got messed up. Incredible when they are available from the mint

Lionel · January 20, 2007 1:46AM

Just out of curiosity, why do you think this is a "no brainer" in light of the fact that the four-coin set numbers seem to be coming up higher than we thought (way higher than I thought, actually) and that the set is still in stock and for sale (as I've just verified) and we don't know what the final numbers will be?

<< yep....could be....of course the same thing could have been said about the plats....

Folks, this one is the last No-Brainer we will see until the 10th anniversary plats!

FloridaBill >>

puritan9 · January 20, 2007 1:58AM

I have no problem with the gold uncirculated sets. I have just sold all the 1 oz gold from my sets. The fractionals are much more limited and what I want.

Lionel · January 20, 2007 2:05AM

Has it occured to anyone that if several thousand of these sets are cannibalized to take advantage of the higher market price of the fractionals, that eventually an intact set of these coins might become the rarity?

CoinMaster1229 · January 20, 2007 2:09AM

The NN reports this week 9,644 --- 4 Coin Gold sets sold so far! I hope we don`t cross 10,000??

Lionel · January 20, 2007 2:12AM

What's funny is that I own a set because one night I was watching Rob Chambers on "Coin Vault", and he was selling one of these sets at very high price, and he said that the mint was sold out, so I went to the US Mint site and bought one. I got it weeks ago.

ddink · January 20, 2007 2:36AM

<< What moron would buy this on eBay >>

ar·bi·trage
–noun 1. Finance. the simultaneous purchase and sale of the same securities, commodities, or foreign exchange in different markets to profit from unequal prices.

Kinda like when you could get the Goodacre Sacs from H.E. Harris at $200 each and sell them on eBay for $400.

puritan9 · January 20, 2007 3:11AM

That's a very good point. A few days ago I bought one set that I am going to keep in its box and not grade. They really are beautiful!

VintageJeff · January 20, 2007 4:16AM

Am I missing something isn't the max mintage for the 4 coin set 27,000?

I also see they list the mintage of the individual proofs at 12,000.

So why are you guys talking about not knowing how many sets?

itsnotjustme · January 20, 2007 4:28AM

Jeff,
those numbers are for the proofs. People here are talking about the Unc sets/singles.

quattrocoins · January 20, 2007 4:31AM

<< Am I missing something isn't the max mintage for the 4 coin set 27,000?

I also see they list the mintage of the individual proofs at 12,000.

So why are you guys talking about not knowing how many sets? >>

From the mint site:
>>>
American Eagle Gold Proof Four Coin Set Maximum Mintage: 27,000 <<<

We're talking about the unc. set

VintageJeff · January 20, 2007 5:16AM

Stupid newbie mistake, sorry guys. Thanks for the kind clarification.

billboat · January 20, 2007 1:17PM

Mint now says 02/04/07 availability--I'm not happy--how long after 2006 will they mint and ship? Hoping for a 10K cut off date.

ddbird · January 20, 2007 2:20PM

I think the mint is def. getting ready to close shop on the 2006 AGEs...

Joflax · January 20, 2007 2:55PM

I think the Mint is flipping all the returns....they cannot possibly be minting more.
10 000 sounds about right with the current nn numbers , that means less than 15000 1/2 and 1/4 oz which should bring a great premium in a few years if they dont design another new key in a year or 2.

4 pc UNC Gold AGE sets

Comments

Leave a Comment