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What is Happening with saint guadens double eagles
tggr
Posts: 748 ✭
I recieved an e-mail from Ledgens wanting to buy 63/64/65, saints.
What is going on with these?
What is going on with these?
0
Comments
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
<< <i>And I am just a small B & M in a small to mid size area, times this nationally and that is why >>
I can second what you say. I was a my local dealer today and it was non-stop people asking for gold and silver bullion. He didn't have much to offer them.
Anyone remember what TDN said about a year ago ? First there was a warning then the drop. By October '08, people were saying : "dude, you're a genius" .
Q: What tanked and what is happening ?
Practice makes perfect & nobody is perfect. So, practice being nobody and be perfect !
<< <i>demand for real Saints will only increase as more people come to find out about the upcoming UHR, IMHO. >>
Yup. And they will be a good hedge against the coming inflation.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
What does this mean? The current price of gold remains high and clearly reflects the cheap cost of owning it in terms of lost opportunity elsewhere.
Experience the World through Numismatics...it's more than you can imagine.
<< <i>So are most of these folks who are snarfin up the gold buying it to hold or are they flippin it for a quick buck? >>
Yes.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>
<< <i>So are most of these folks who are snarfin up the gold buying it to hold or are they flippin it for a quick buck? >>
Yes.
Wes, wut?
<< <i>
<< <i>So are most of these folks who are snarfin up the gold buying it to hold or are they flippin it for a quick buck? >>
Yes.
Wes, wut?
<< <i>This cycle could be alittle different- similar to the depression of the 1930s. Real estate will likely correct further as debt levels are at an all time high- the problem is debt is weighing on the dollar, but debt is weighing heavily on the Pound as well. There seems to be greater confidence in gold than in currency. I tend to doubt that gold will be an inflation hedge because the free market will likely correct into lower prices for goods and services. It is more of a confidence valuation at this time. Perhaps the other thing gold and even the entire coin market has going for it is simply this... what else are you going to do with your money? I was in a bank recently a saw a passbook interest rate at .13%- that really does nothing to encourage savings.
What does this mean? The current price of gold remains high and clearly reflects the cheap cost of owning it in terms of lost opportunity elsewhere. >>
The only bright light burning now is that inflation is relatively tame for the most part. If you had $100K in a MM fund a year ago at least you still have most of the buying power left. A $100K stock mutual fund has lost considerably more in that time. Things like groceries have gone up, but you can usually beat that by buying on sale or shopping around.
Somebody help me ! I can't stop!!!!
<< <i>Somebody help me ! I can't stop!!!! >>
If you like them and can afford to buy them, why stop?
<< <i>There is big demand from the firms that run radio, TV and print ads for gold. I'm sure others have heard or seen the ads. I would guess that the mainstream dealers are selling to the telemarketers, and the end customers are paying double to triple melt value. It is sad in a way. The firms often sell teaser at cost or a small loss to hook their customers. Once the hooks are in, they pitch common coins at 200% to 300% markups. The unfortunate buyers will learn the hard way when they go to sell. >>
Sad but true! I makes me sick!!!!!!!!!!!!!
<< <i>
<< <i>Somebody help me ! I can't stop!!!! >>
If you like them and can afford to buy them, why stop?
I got them at a price I could not refuse!! Nice pieces from an old collection down the street. And I can't stop!! It's out of my hands and in my safe
<< <i>
<< <i>There is big demand from the firms that run radio, TV and print ads for gold. I'm sure others have heard or seen the ads. I would guess that the mainstream dealers are selling to the telemarketers, and the end customers are paying double to triple melt value. It is sad in a way. The firms often sell teaser at cost or a small loss to hook their customers. Once the hooks are in, they pitch common coins at 200% to 300% markups. The unfortunate buyers will learn the hard way when they go to sell. >>
Sad but true! I makes me sick!!!!!!!!!!!!! >>
You wonder how smoeone smart/lucky enough to amass a lot of $$$ could be stupid enough to fall for these schemes tho they are hardly the only ones being suckered.
You'all can bet that there are many folks out there who have a little stack of gold coins...somewhere. and they are NOT collectors, they are working on a basic survivalist mindset.
How far from actual is this amount?
<< <i>I recieved an e-mail from Ledgens wanting to buy 63/64/65, saints.
What is going on whit these? >>
More to the point ... what is going on with your spellcheck?
<< <i>Just folks looking for 90% gold with a small numismatic premium. I like trolling for XF and AU common dates at shows. I have high hopes gold will pop $1050 or so in ten months and depending on momentum, I'll flip the ones I have then. >>
I'm betting it'll happen and then some. Same for silver.
The dollar's weakness is only going to get worse if our govt. doesn't
stop running the printing presses 24/7.
JT
I collect all 20th century series except gold including those series that ended there.
<< <i>
<< <i>I recieved an e-mail from Ledgens wanting to buy 63/64/65, saints.
What is going on whit these? >>
More to the point ... what is going on with your spellcheck?
I wundered much the sam.
Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1
Sure gold tanked, in fact over-tanked, then recovered strongly to essentially beat out anything over the past 12 months. If you happened to own $20 Saints or $20 Libs in 2008 you gained following the price of gold falling. The premiums have increased. In fact right now, MS61-MS65 Saints and MS61-64 $20 Libs are at their highest prices in about 15 years....with gold still $120 short of it's March 2008 high. Those MS63 $20 Libs at $500-$650 from 2002 aer now at around $1900. Not a a bad return while many other items got smoked. MS65 Saints are up from around $1600 to $1850 just over the past 2 or 3 months.
I tend to doubt that gold will be an inflation hedge because the free market will likely correct into lower prices for goods and services. It is more of a confidence valuation at this time. Perhaps the other thing gold and even the entire coin market has going for it is simply this... what else are you going to do with your money? I was in a bank recently a saw a passbook interest rate at .13%- that really does nothing to encourage savings.
Gold has been a great inflation hedge and will continue to do so. It earns effective interest as an appreciating asset against other depreciating assets. Let us know when everyday goods and services fall in value as that's what is supposed to happen during a deflation. I have yet to see it yet. I don't see my grocery bill dropping, gas prices are headed back up, repair services still cost the same or more, etc. In other words the necessities that we spend on every day or week are not really any cheaper just because long term assets like stocks, bonds, collectibles, homes, commodities, etc fell in price during the 2nd half of 2008.
What does this mean? The current price of gold remains high and clearly reflects the cheap cost of owning it in terms of lost opportunity elsewhere.
I'm sure those who were holding stocks in their retirement accounts in 2008 would have been happy to own gold in the end and suck up those lost opportunity costs (ie 30-50% drop in stocks).
roadrunner
My point is real estate prices have fallen... the amount of money chasing goods and services are declining. I do not see this as inflationary but deflationary. The reality prices cannot continue to go up if few can afford the services now. As for examples... electronics ranging from cell phones to computers, prices have dropped. TV sets have dropped and they will continue to drop. Drugs- there are many generic drugs that create opportunities to lower costs in health care.
Oil has dropped-mainly because it is being manipulated and the day will come when futures trading will be halted.
What I am saying is that there is so much debt... consumer debt, government debt and we have entered a cycle where cash is King. I say it is alittle different because of the debt and the confidence issue. I am not saying Gold is over valued or undervalued... I am just explaining my view that its not the typical inflation hedge line that people want to believe. If you look at Gold and stocks dating back to 1974 and adjust for inflation what has performed better?
There is no question 2008 was a disaster for stocks... 2008 was a year to be in cash or gold... depending when you bought gold in 2008.
Experience the World through Numismatics...it's more than you can imagine.
<< <i>What I am saying is that there is so much debt... consumer debt, government debt ........ >>
How have governments gotten rid of massive debt in the past? Inflate the currency and pay off the debt with cheap money.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
What is going on with these?
There is big demand from the firms that run radio, TV and print ads for gold. I'm sure others have heard or seen the ads. I would guess that the mainstream dealers are selling to the telemarketers, and the end customers are paying double to triple melt value. It is sad in a way. The firms often sell teaser at cost or a small loss to hook their customers. Once the hooks are in, they pitch common coins at 200% to 300% markups. The unfortunate buyers will learn the hard way when they go to sell.
taken seperately, these statements seem innocent enough. the funny thing is that the "Ledgens" seem to be the first in line to criticize all the entities that prey on the naive, even going to point of forming an organization to that end. if true that the bigger firms are going the telemarketer route it would seem a bit disingenuous to me.
<< <i>I recieved an e-mail from Ledgens wanting to buy 63/64/65, saints.
What is going on with these?
There is big demand from the firms that run radio, TV and print ads for gold. I'm sure others have heard or seen the ads. I would guess that the mainstream dealers are selling to the telemarketers, and the end customers are paying double to triple melt value. It is sad in a way. The firms often sell teaser at cost or a small loss to hook their customers. Once the hooks are in, they pitch common coins at 200% to 300% markups. The unfortunate buyers will learn the hard way when they go to sell.
taken seperately, these statements seem innocent enough. the funny thing is that the "Ledgens" seem to be the first in line to criticize all the entities that prey on the naive, even going to point of forming an organization to that end. if true that the bigger firms are going the telemarketer route it would seem a bit disingenuous to me. >>
Do you believe that Legend is selling these to the telemarketers?
How have governments gotten rid of massive debt in the past? Inflate the currency and pay off the debt with cheap money.
It is just not that simple... it is the value of the dollar in relationship to what it is capable of buying. Is the dollar cheaper today than it was two years ago when real estate prices were 15-20% higher?
I
Experience the World through Numismatics...it's more than you can imagine.
<< <i>RR:
My point is real estate prices have fallen... the amount of money chasing goods and services are declining. I do not see this as inflationary but deflationary. The reality prices cannot continue to go up if few can afford the services now. As for examples... electronics ranging from cell phones to computers, prices have dropped. TV sets have dropped and they will continue to drop. Drugs- there are many generic drugs that create opportunities to lower costs in health care.
Oil has dropped-mainly because it is being manipulated and the day will come when futures trading will be halted.
What I am saying is that there is so much debt... consumer debt, government debt and we have entered a cycle where cash is King. I say it is alittle different because of the debt and the confidence issue. I am not saying Gold is over valued or undervalued... I am just explaining my view that its not the typical inflation hedge line that people want to believe. If you look at Gold and stocks dating back to 1974 and adjust for inflation what has performed better?
There is no question 2008 was a disaster for stocks... 2008 was a year to be in cash or gold... depending when you bought gold in 2008. >>
Deflation is a reduction in the supply of money vs. available goods and services. What we've seen is demand destruction, and some would say disinflation (oil being a great example).
Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1
<< <i><< What I am saying is that there is so much debt... consumer debt, government debt ........ >>
How have governments gotten rid of massive debt in the past? Inflate the currency and pay off the debt with cheap money.
It is just not that simple... it is the value of the dollar in relationship to what it is capable of buying. Is the dollar cheaper today than it was two years ago when real estate prices were 15-20% higher? >>
You are looking to the past. What about the future after the government has accumulated overwhelming debt?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>
<< <i>I recieved an e-mail from Ledgens wanting to buy 63/64/65, saints.
What is going on with these?
There is big demand from the firms that run radio, TV and print ads for gold. I'm sure others have heard or seen the ads. I would guess that the mainstream dealers are selling to the telemarketers, and the end customers are paying double to triple melt value. It is sad in a way. The firms often sell teaser at cost or a small loss to hook their customers. Once the hooks are in, they pitch common coins at 200% to 300% markups. The unfortunate buyers will learn the hard way when they go to sell.
taken seperately, these statements seem innocent enough. the funny thing is that the "Ledgens" seem to be the first in line to criticize all the entities that prey on the naive, even going to point of forming an organization to that end. if true that the bigger firms are going the telemarketer route it would seem a bit disingenuous to me. >>
Do you believe that Legend is selling these to the telemarketers? >>
I can only imagine that Legend would sell to anybody for a profit. That's the capitalistic way and I do not intend this to be a critism.
Many people thought I was insane. I was banking on gold staying long term steady in and around the $5-600 range. Personally I wouldn't buy any gold myself right now, but I wonder if I ought to sell these shiny yellow widgets I have
Problem is, if I hold em, gold will go to $400/oz and stay there. If I sell em, gold will go to $2k/oz. Think I might unload the libs, never liked that coin.
Jay
<< <i>
<< <i><< What I am saying is that there is so much debt... consumer debt, government debt ........ >>
How have governments gotten rid of massive debt in the past? Inflate the currency and pay off the debt with cheap money.
It is just not that simple... it is the value of the dollar in relationship to what it is capable of buying. Is the dollar cheaper today than it was two years ago when real estate prices were 15-20% higher? >>
You are looking to the past. What about the future after the government has accumulated overwhelming debt? >>
They get rid of it just like you or I would; default on it or go bankrupt.
<< <i>
<< <i>
<< <i><< What I am saying is that there is so much debt... consumer debt, government debt ........ >>
How have governments gotten rid of massive debt in the past? Inflate the currency and pay off the debt with cheap money.
It is just not that simple... it is the value of the dollar in relationship to what it is capable of buying. Is the dollar cheaper today than it was two years ago when real estate prices were 15-20% higher? >>
You are looking to the past. What about the future after the government has accumulated overwhelming debt? >>
They get rid of it just like you or I would; default on it or go bankrupt. >>
Default or bankruptcy is not an option nor will it be necessary. The gov will just run the printing presses to pay off any debt or, in other words, they will inflate the currency.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>They get rid of it just like you or I would; default on it or go bankrupt. >>
Default or bankruptcy is not an option nor will it be necessary. The gov will just run the printing presses to pay off any debt or, in other words, they will inflate the currency. >>
We can fix it. Tax incentives for American Business people. Those of us without a green card
Practice makes perfect & nobody is perfect. So, practice being nobody and be perfect !
<< <i>
You'all can bet that there are many folks out there who have a little stack of gold coins...somewhere. and they are NOT collectors, they are working on a basic survivalist mindset. >>
I imagine there are many, but still a small part of the population. Many Americans are still too enamored with toys and electronics. Not to mention most also have no concept of metals being real money and look at a fiat dollar as real money.
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Its not about printing presses and inflating currency, it is about the cost of money and the interest paid on debt. Case and point- the Prime Rate peaked out at around 21 1/2 % in the 1981-82 time frame to the historic lows today. What would you rather do, finance debt at 3% or 21 1/2%?
Experience the World through Numismatics...it's more than you can imagine.
<< <i>Problem is, if I hold em, gold will go to $400/oz and stay there. If I sell em, gold will go to $2k/oz. >>
At least you are honest about your forecasting skills. LOL.
Its not about printing presses and inflating currency, it is about the cost of money and the interest paid on debt. Case and point- the Prime Rate peaked out at around 21 1/2 % in the 1981-82 time frame to the historic lows today. What would you rather do, finance debt at 3% or 21 1/2%?
The thing is, the total debt and obligations can't even be serviced at 0% anymore. Reducing interest rates from 20% to 0% over the past 30 years has basically bankrupted or made insolvent so many of our largest corporations. They have slowly increased their debts to proportions where it is now unmaneageable and no matter how high the interest rates offered, no one wants to pay it. The cost to service the debt has actually risen over this time. Just having lower and lower interest rates doesn't mean debt is easier to service. As interest rates approach 0%, the equation blows up. The piper eventually has to be paid.
roadrunner
I really disagree... I am not even going to continue the discussion at this point.
Experience the World through Numismatics...it's more than you can imagine.