Home U.S. Coin Forum

Gold Spouse coin prices

2

Comments



  • << <i>Regardless of what many think, I will give you my opinion on why these coins are not a long term hold or winner -

    1) Unpopular theme
    2) Drawn out series (35+ coins over 9-10 yr period)
    3) Price Point/ Entry Price too high $400+ to collect as series
    4) Mintages too high, only to go higher due to heavy flipper dominated sell outs

    Whatever you may think, gold coins of this size and denomiantion, at this price point, should have mintages sub-10,000 to be successful. Even when you satisfy that criteria, it has to have a strong "end consumer" demand or collector base.

    When mintages on these coins exceed 15,000 on gold of this denom and size/price, they generally can be had for melt shortly after issue (ex. $10 First Flight commem gold)

    This doesnt mean that the price right now wont hold and you'll make a profit IF YOU SELL QUICK.

    I believe flippers heavily contributed to sellout of these items, and if we see the online auctions having 500-800 auctions with in hand coins soon (grown from 300+ now) prices will sink to sub 550, maybe sub 500. This will rattle most weak hands. It can get ugly. >>


    The sky is falling! Quick sell! :LOL

    image
    Never teach a pig to sing. You'll waste your time and annoy the pig image

    image
  • 7over87over8 Posts: 4,733 ✭✭✭
    FLBuff....

    If half the amount of these coins appear for a quick flip in the next two weeks, the price WILL plummet.

    You might even have experience in this, dont you remember the debacle with the Washie FDCC's? A solid collector base (or so called base) forming in the mid to high $20's...then whammmmmmm!!!!!''

    boxes and boxes of these appear for sale and quickly clobber the price to the high teens.......until some people got smart real quick and lightened up the "available for sale" supply.
  • aficionadoaficionado Posts: 2,309 ✭✭✭

    Let's see, I sold 5 for almost double, thus I get the first four coins for FREE. Hmmm, I don't see a problem with that. image

    As for $600+ selling price, 50% is still very good. image

    As for the future, I think the Unc. will be the hot item, if the mintage comes out with 25,000 Proof and 15,000 Unc., the Unc. could be as low as 10,000 or a 50/50 split at 25,000, we'll just all have to wait as see.




  • pf70collectorpf70collector Posts: 6,753 ✭✭✭
    I would have figured at least a PCGS one would be up very soon. Maybe the key will to sell the first four spouses as a set at the end of November when Dolly is offered. I got my other 3 MW Proofs today. I seriously doubt I will get the rest.
  • 7over87over8 Posts: 4,733 ✭✭✭
    aficianado....

    you did EXACTLY what you should do, sell at high first few week prices, cover your remaining position and hold the position if you think its moving higher.

    thats great while there arent many "in hand" sets selling and demand outstrips supply. But when there are 800 auctions next week, its a dog eat dog world on ebay.....and sellers will eat each other alive.....to sell


  • << <i>FLBuff....

    If half the amount of these coins appear for a quick flip in the next two weeks, the price WILL plummet.

    You might even have experience in this, dont you remember the debacle with the Washie FDCC's? A solid collector base (or so called base) forming in the mid to high $20's...then whammmmmmm!!!!!''

    boxes and boxes of these appear for sale and quickly clobber the price to the high teens.......until some people got smart real quick and lightened up the "available for sale" supply. >>


    Short term price fluctuations only affect those looking to unload the product quickly, in which case the supply over exceeds the demand at the moment and prices go down momentarily, but has no bearing on collector interest which I believe these coins do have. This series is unique to any previous for a number of reasons and I believe it is one of the best opportunities the mint has created this decade. I am buying the Proof's for the long term regardless of how they 'stack up' to previous mint issues. the past is only a reference to what has already occured and does not predict the future.
    Never teach a pig to sing. You'll waste your time and annoy the pig image

    image
  • 7over87over8 Posts: 4,733 ✭✭✭
    good luck.....FLBUFF

    no collector interest means no collector base.

    the only interest you see is speculators.

    these are UGLY coins. did you ever ask yourself "who as an END consumer collector really likes these things?"

    these will be duds. the women are not buying. soon the floodgates will open and 100's will appear on ebay, they will go the way of the beanies and tickle me elmos.


  • << <i>good luck.....FLBUFF

    no collector interest means no collector base.

    the only interest you see is speculators.

    these are UGLY coins. did you ever ask yourself "who as an END consumer collector really likes these things?"

    these will be duds. the women are not buying. soon the floodgates will open and 100's will appear on ebay, they will go the way of the beanies and tickle me elmos. >>


    I think you said the same about the Washington FDCC's and we all know how well that prediction turned out. You have now way of knowing who is buying these coins. Selling 80,000 coins in three hours at a max of 5 per issue, means alot of people are buying them and there is no way speculators bought them all. Time will tell.
    Never teach a pig to sing. You'll waste your time and annoy the pig image

    image
  • 7over87over8 Posts: 4,733 ✭✭✭
    it means alot of speculators found other people to buy for them. you are kidding yourself if you dont think this is not a speculator driven sell-out.

    you may be aware of a couple of guys who nearly trashed the wash FDCC market before it got going, then realized thier mistake and quickly corrected. maybe you even know them, huh? well, if you want to sell one or two covers at a time, you may be done selling in a couple months and get 29-32 a cover....
  • 7over87over8 Posts: 4,733 ✭✭✭
    even though I dont like this series, I bought my 20.


  • << <i>it means alot of speculators found other people to buy for them. you are kidding yourself if you dont think this is not a speculator driven sell-out.

    you may be aware of a couple of guys who nearly trashed the wash FDCC market before it got going, then realized thier mistake and quickly corrected. maybe you even know them, huh? well, if you want to sell one or two covers at a time, you may be done selling in a couple months and get 29-32 a cover.... >>




    << <i>it means alot of speculators found other people to buy for them. you are kidding yourself if you dont think this is not a speculator driven sell-out.

    you may be aware of a couple of guys who nearly trashed the wash FDCC market before it got going, then realized thier mistake and quickly corrected. maybe you even know them, huh? well, if you want to sell one or two covers at a time, you may be done selling in a couple months and get 29-32 a cover.... >>


    That is your opinion with no facts to back it up. No I don't recall that at all. What I do recall, is you saying the FDCC's were dogs and there was no future in them, which no thanks to you, have been doing just fine.
    Never teach a pig to sing. You'll waste your time and annoy the pig image

    image
  • 7over87over8 Posts: 4,733 ✭✭✭
    loads of market immersed experience.......

    yep, they have been doing just great, selling 1-2 at a time for 29-32. you may want to fool around for months with those FDCC's, but there are other fish to fry
  • TomBTomB Posts: 22,096 ✭✭✭✭✭
    I can give no opinion as to the future price of these issues, but I have seen the final product in-hand and they actually look better than I expected, especially the proof issue. However, FLBH wrote something quite recently that, while technically correct, isn't exactly the entire story. It is true that the Mint sold out 80,000 coins in three hours with a limit of five coins per issue, but the true limit was 20 coins per order. Obviously, not everyone bought to the max, but the average and median number of coins purchased per buyer may have been higher than five pieces.
    Thomas Bush Numismatics & Numismatic Photography

    In honor of the memory of Cpl. Michael E. Thompson

    image
  • 7over87over8 Posts: 4,733 ✭✭✭
    not only 20 coins per order, but,

    mom, dad, next door neighbor, friends, sisters, brothers, etc......20 coins x as many people you can persuade to buy for you.

    SPECULATOR DRIVEN*******





  • << <i>loads of market immersed experience.......

    yep, they have been doing just great, selling 1-2 at a time for 29-32. you may want to fool around for months with those FDCC's, but there are other fish to fry >>




    << <i>loads of market immersed experience.......

    yep, they have been doing just great, selling 1-2 at a time for 29-32. you may want to fool around for months with those FDCC's, but there are other fish to fry >>


    I guess your 'loads of market immersed experience' dosen't tell you tha summer is a slow season for the coin market. Facts are you have NO WAY of knowing who bought the First Spouse coins. Anything you say is your opinion and nothing more than that. You can fool yourself but your not fooling me.
    Never teach a pig to sing. You'll waste your time and annoy the pig image

    image
  • 7over87over8 Posts: 4,733 ✭✭✭
    i'll stack my experience calling these things against yours any day...in good fun that is......
  • CasmanCasman Posts: 3,935 ✭✭


    << <i>loads of market immersed experience.......

    yep, they have been doing just great, selling 1-2 at a time for 29-32. you may want to fool around for months with those FDCC's, but there are other fish to fry >>




    I missed a few math classes, but ain't the numbers 100% in 8 weeks? No, I'm not falling for this, not me, I'm putting my money in the bank, soon as I get rid of these Boxes of Covers. image

    P.S. The Hotties like these Ugly Coins! Yes they do! And they want 4 piece sets....
  • 7over87over8 Posts: 4,733 ✭✭✭
    not bad unless you miss a 200% opportunity while trying to market alot of covers......

    realizing your gain as opposed to a "unrealized gain" are very different things.
  • 7over87over8 Posts: 4,733 ✭✭✭
    casman,

    with a comment about the hotties that like haags.....

    you must verify a hottie who likes these and post a pic, and I will forever hold my peace.
  • CasmanCasman Posts: 3,935 ✭✭


    << <i>not bad unless you miss a 200% opportunity while trying to market alot of covers......

    realizing your gain as opposed to a "unrealized gain" are very different things. >>




    At least you agree it's "Unless". When I'm playing coins, I'm trying to relax, not work, I already have 3 jobs.image
  • CasmanCasman Posts: 3,935 ✭✭


    << <i>casman,

    with a comment about the hotties that like haags.....

    you must verify a hottie who likes these and post a pic, and I will forever hold my peace.[/q

    I can't put nude pics on here, I'd get booted, maybe I can find our old website, some are on there.
  • JoshLJoshL Posts: 656 ✭✭
    Sounds like some people are upset because they are either not making money on the coins because they missed the boat or they don't want to see other people making money on them. If you like the coins then buy them...if you don't like them and think that they are ugly then by all means do not buy them! Pretty simple really. Not sure which is more ugly...this thread or the coins themselves.

    I think it would be cool to have an entire set graded by PCGS - will take a few years to get them all - but would be nice.
    I love coins...image
  • LALASD4LALASD4 Posts: 3,602 ✭✭✭


    << <i>not only 20 coins per order, but,

    mom, dad, next door neighbor, friends, sisters, brothers, etc......20 coins x as many people you can persuade to buy for you.

    SPECULATOR DRIVEN******* >>





    It is not that easy to have people buy expensive coins for you.image
    Coin Collector, Chicken Owner, Licensed Tax Preparer & Insurance Broker/Agent.
    San Diego, CA


    image
  • The one thing I have'nt heard on this thread is the fact that HSN and the other coins shows will create a customer base for us. They will repeatedly sell these as each issue comes out and each time they will bring in new collectors. $400 is jack these days when your talking about people spending money. People LOVE to collect series of things and once they own one they will want to own them all.
    I agree with flbuffalo and think these coins are attractive.I also believe they will have good demand when put on TV.

    The mint has brought in a lot of NEW collectors with all the different series of moderns they have roled out. I think the collectors base for these is alot bigger than everyone thinks.
    I could be classified as a fairly new collector and I have no less than 4 friends who ave been collecting pretty much everything coming out. We all started cause of the Diff SERIES and the fun (and Challenge) of having the whole thing.
    I bought a total of 12
    I will keep at least 1 of each.. Would be nice to sell two to pay for the 3rd of each but not necessary.

    Mike

    PS..Can't wait for the price dive I will be buyng more
    Michael Marquis
  • 7OVER8 has always been on the wrong side of a trade.

    He sour grapes every deal he's not in. That's the barometer if you are doing good,...he missed out.

  • 7over87over8 Posts: 4,733 ✭✭✭
    COINBOY

    You must not read very well, my replies say that "I bought 20" anyway, which I did - I never miss out on these limted issues, regardless of what I think of them - its worth taking a shot at it.

    We've been down this road, you gathering with the herd and proclaiming 7over8 is just "sour grapes".

    Just like with the 06W PLATS, I will be proven correct and you wrong. Then you will crawl back to the forum, just like before, realizing what happened and admit where your theory was flawed.

    I just dont get caught up in the moment, with wild thoughts of this issue becoming the next hot thing, there are so many things NOT going for it. The potential for this to FLOP is there and its not a 10 or 20% chance. Its more like a 60-70% chance.

    The TV will pump this series, marketing galore, and if you are in and out of these fairly quick - you will make a decent profit. This is my plan as well. But dont think this is a long term winner - it will disappoint you.

    The true winners, and keepers from the Mint over the last year are (in order of rate of return and desire to hold):

    2006-W Silver Unc Eagle (dont under estimate this coin getting to 250-300 raw by end of year)
    2006 3 pc Silver Set ( this is a sure winner, will top 1000 raw by year end)
    2006-W Platinum Fractionals (although the 1oz is still a very rare coin, I said there will be at least 3000 coins, not itr looks like maybe 4500 coins! Farctionals are the rarest of the rare - a true keeper)
    2006 3 pc Gold (like this set, but not as much as the silver - has growth potential from current 5K+, but limited)


  • << <i>Unlike the 20th anniversary coins, I think it's all downhill for the golden girls.

    Russ, NCNE >>



    I agree 100% with Russ. This seems like unsupported hype that will surely die out as this series progresses...especially due to the fact that these coins are so unattractive. I guess beauty is in the eye of the beholder but I sure don't see it. Time will tell I guess.

    Jim
  • pitbosspitboss Posts: 8,643 ✭✭✭
    I think the coins look great but my question is, how many people can afford to collect them?
  • Nascar360Nascar360 Posts: 1,854 ✭✭✭
    The price might be higher than most mint issues but this is just a high end series. There are modern sports card packs in that price range. With these you at least have a 1/2 ounce of gold. I am a new collector and was pulled in for by the presidential dollars but then moved away to these. If I was going to buy a few rolls of each presidential dollar that came out. Then I thought that I might as well pay a little more and collect the golden girls. At the end of the day I have the gold content to hedge the investment instead of an over produced dollar coin. That is why I think the series will work but I am new to this coin thing.
  • Snowman24Snowman24 Posts: 468 ✭✭✭
    here some graded ones coming due on ebay in 6 hours



    Spouse Gold
  • levinlllevinll Posts: 1,231 ✭✭✭
    Question to the sellers of these on Ebay. Are you including the boxes the coins come in with your sales ?
  • NGC Proof 70 now @$1005.00.
    Hope I can make a PCGS 70 out of my 4 Uncs.

    And Yes, I am going to collect them all, unlike some just here to flip. image
    Audentes fortuna juvat
  • sonoranmonsoonsonoranmonsoon Posts: 2,078 ✭✭
    I have no idea how they will do in "shirt time", but in the long run they will trade at bullion prices. Just like the overhyped U.S. olympic silver commemoritives.
  • Which overhyped Silver Olympic Commemoratives? Try to pick up any '96 model at spot. Good luck if you can even Find a few.
    Plus, comparing gold spouse gold to Olympic silver is just not realistic.
    Audentes fortuna juvat
  • OPAOPA Posts: 17,143 ✭✭✭✭✭


    << <i>I have no idea how they will do in "shirt time", but in the long run they will trade at bullion prices. Just like the overhyped U.S. olympic silver commemoritives. >>




    Yeah, I know...just like the 20th Anniv. AGE & ASE Sets & the G.W. FDCC's, .....I've heard that "song & dance act" before....
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • $1076.54 First NGC70 just sold on ebay.
    12 bidders.
    PCGS70? Got Gold!!!
    Audentes fortuna juvat
  • OPAOPA Posts: 17,143 ✭✭✭✭✭
    FYI NGC graded PR69 not selling above non graded sets....range $622 - $710. I did not see any PCGS up for auction yet.
    PR70 NGC $998 & $1,076.........
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • Nobody has listed a PCGS coin as of yet, to my knowlege. But I wish the Mint would turn my 4 coins loose so I can submit!
    Audentes fortuna juvat
  • pf70collectorpf70collector Posts: 6,753 ✭✭✭
    Odd that no PCGS ones are up yet. Maybe no one wants to take a chance on the 69's and easier to sell raw. I could be wrong. Too early probably.
  • I'm trying to get coin numbers so I can submit mine to PCGS. Wish my uncs were here, but I'll try the proofs for now, maybe the uncs will be in soon.
    I'd keep playing. I don't think the heavy stuff will be coming down for quite a while!


  • << <i>Selling 80,000 coins in three hours at a max of 5 per issue, means alot of people are buying them and there is no way speculators bought them all. >>



    Most collectors have no idea when a product is going to be released, let alone drop everything they are doing and order within the first two hours. Look at the GW FDCCs--collectors are paying 2x issue price for an item that was on sale for eight full days. Look at 2006 20th Anniversary Silver sets--people are paying 5x issue price for a set that was available for three months. This tells us that collectors rarely know when an item is going to go on sale. Otherwise they would have all purchased their GW FDCCs and 20th Ann. sets from the mint.

    When something sells out in two hours, it's speculators (the people who know and plan their schedules around the Mint's release schedule) that drove the sellout.



    << <i>It is not that easy to have people buy expensive coins for you >>



    Pay cash (total price + 10%) on the spot. I've never had a problem =)

    <<
    7OVER8 has always been on the wrong side of a trade.

    He sour grapes every deal he's not in. That's the barometer if you are doing good,...he missed out.
    >>

    Actually, 7over8 is the one who influenced me to buy 2006-W Plat 4 coin sets. Nobody is every 100% right.
    I heard they were making a French version of Medal of Honor. I wonder how many hotkeys it'll have for "surrender."


  • << <i>I'm trying to get coin numbers so I can submit mine to PCGS. Wish my uncs were here, but I'll try the proofs for now, maybe the uncs will be in soon. >>


    MW Proof = 150891
    AA Proof = 150893
    MW Uncirculated = 150887
    AA Uncirculated = 150889
    Never teach a pig to sing. You'll waste your time and annoy the pig image

    image
  • OPAOPA Posts: 17,143 ✭✭✭✭✭


    << <i>

    << <i>I'm trying to get coin numbers so I can submit mine to PCGS. Wish my uncs were here, but I'll try the proofs for now, maybe the uncs will be in soon. >>


    MW Proof = 150891
    AA Proof = 150893
    MW Uncirculated = 150887
    AA Uncirculated = 150888 >>



    Are the above coin #'s for the "First Strike" or non first strike.....
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • The numbers I was given are.-


    First Strike.-

    MW Proof = 150891
    AA Proof = 150893
    MW Uncirculated = 150887
    AA Uncirculated = 150889

    Non-First Strike-

    MW Proof = 150890
    AA Proof = 150892
    MW Uncirculated = 150886
    AA Uncirculated = 150888

    No pop figures until Sunday.
    Never teach a pig to sing. You'll waste your time and annoy the pig image

    image
  • OPAOPA Posts: 17,143 ✭✭✭✭✭
    Danke .... image
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • pop figures from today:

    image
    image
    image
    image
    Never teach a pig to sing. You'll waste your time and annoy the pig image

    image
  • I have no idea what's going to happen with these. All I know is I don't care for them and won't be spending hard earned cash on em, that's for sure!
    Ilikacoinsawholebuncha
  • pf70collectorpf70collector Posts: 6,753 ✭✭✭
    There will be a lot of disappointed ebayers for those presales I believe.

Leave a Comment

BoldItalicStrikethroughOrdered listUnordered list
Emoji
Image
Align leftAlign centerAlign rightToggle HTML viewToggle full pageToggle lights
Drop image/file