7/8 you said to unload the gold buffalo coins within weeks of them going off sale at the mint, also to unload the proof plats. That was when prices were barely 20% higher at that point! The gold buffalo coins went higher from there 300% up to 1000% higher in price and you lost all of that. The gold buffalo prices would have to crash back almost to mint issue price for me to do as bad as that call, but let's not remember that.
So you folded em way too early, Kenny went home broke.
BTW notice how Eric said 'it is possible" not "it is certain" The mint has apparently only short struck 1 spouse coin and that coin went about 11 months before it sold out, not a week like you think. If a sell out in a week happens chances are it goes at the max mintage because they have 11 more months of sales possible like others have agreed and can strike more and take backorders. 15,000 between the two unc and proof is about 6500 unc and 8500 proof or 6,300 and 8,800. Very low even for the maximum. Way over the Van Buren though, why I say it should end up being the lowest mintage of the four.
What were you smoking when you thought up that 1000% percent jump? Interesting. The ONLY coin within the Buffalo Gold to even see those type numbers if you caught the eurphoria spike was the tenths and only in PR70 DCAM and MS70 FS.
Everything else was within the 300-500% range, as an average, many of us gladly took advantage of those levels. Depending on the quantity you hold, you probably should have too....
Right now, the market is VERY SOFT for Buffalo Gold, with even tenths bringing numbers maybe touching the top end of my previous mentioned range. Otherwise, you are in the 300% area.
As your unrealized annualized return keeps dropping on your holdings, the rest of us have moved on. Good luck with that.
I said >>>up to<<< 1000% and it was the regular PR70 1/10 proofs that hit that. You must not have been following retail very closely or forgot what happened
The 1/4 are still over 400%, even raw and not sure what you expect to see with those but you said a long time ago they were too high at under $1000 and went on to double from that. Demand will not drop on those as the have the buffalo nickel collectors and have low mintages, not worried about those.
The plat unc are still sleeping though, are you still sitting on those? Remember when we talked about what would do better, the proof or the unc? So far the proof seem to be winning.
PS Let's see who is right about the next Liberty spouse, should be interesting.
Those unc w plats have finally warmed up a bit after being ice cold for a l>o>n>g time, and trying to compare them to gold buffalo is like apples to oranges.
Talking about BINS, the unc w plats are all bins and you must see that, so it is the same for all of them. If people want the coin they will pay the bin price, no matter it still sold.
BTW I would love to see the unc w plats skyrocket in price, the question all along was would they and so far it is a big No. They haven't even matched proof plats, much less the gold buffalo.
Now with the Julia Tyler having a mintage nearly as low as the unc w plats, the question is which is the better buy, the spouse gold or the plat unc w?
The Julia only has two options, proof and unc in $10 denomination.
The plat unc w has 8 options, $10, $25, $50 and $100 in both unc and proof. It will take 4 times more plat collectors than gold collectors to move those coins.
Not necessarily-as to 4x as many plat collectors, many plat collectors focus on one denomination - like 1/4's and 1/2's being popular, and 08w being the lowest mintage of their respective denominations.
They will wake up, just a question of when.
As for the Spouse Gold, I like the Liberty subset, but not the regular issue gold spouses. Dont care what the numbers are on those. As far as i'm concerned, the Julia and Letitia are a play by flippers and that's it - no real interest by the collecting community.
Let's add up the mintages for your favorite, 08 w unc plats.
$10 +$25+$50+$100 = 11,306 coins.
$10 Julia unc...............= 2861 coins.
it is easy to see it takes way less collectors to move the Julia over the long haul as there is only 1 coin size to move. The plats need a lot more people to get that many coins to move, but maybe it happens. it should given enough time, but not yet.
Toss in the regular bullion 08 plats and it gets worse than this, that is why I think this is an interesting test to see how the 4 coin sets affect the potential going forward.
All collectors have to go to the $10 with the spouse coins, with the plats it is 4 sizes which increases the number of collectors needed.
It also seems gold mintages under or close to 3000 won't sit around for melt for very long, plat may but not gold.
Agreed that the Julia has a super low mintage, and anyone collecting that series is a fool not to own one - but to compare a highly rejected series (Gold Spouse) by collectors to any American Eagle Series, especially the 3 year changing reverse W mintmarked coin - is a stretch.
Also, I split the American Eagle Series collectors into two segments - the collector who wants the "collector versions" and those who also view the bullion versions as required for their collections.
The first segment has upper hand in percentages split between the two collecting disciplines, I would venture to say about 70/30.
It all comes down to a 'collector version" W mintmarked plat collector who desires the 3 year changing reverse set, and possibly only in one denomination. They will go after 1/4's and 1/2's primarily, and with 2,481 1/4's and 2,253? halves (keys) available, it doesnt take much to move those prices skyward.
The best coin rarity for the money out there in the market right now. Hands down. All the others have moved too far too quick, the big % gains have already been realized.
ordered proof & unc, forgot to get the bronze and now am on hold to see if it can be added to my order. The bronze medals look cool on my desk without having an outrageously expensive coin on display. I'm looking for the bronze Jefferson if anyone has an extra. PM me.
<< <i>These coins must have the spouse jinx on them, if they were not part of the spouse series sales would have been triple so far. >>
Sales may actually be high since there are no ordering limits. Many board members are buying multiples, and some deep pocket speculators could be buying dozens or even hundreds in a single order. Plus there could be large orders from dealers who specialize in moderns.
The coins are a no-brainer, the ungraded past Liberties aren't doing real hot yet though so maybe that has an effect. In a month or a year though things may be different when people can't buy any more and have to come to those that bought.
The real secret is anyone that bought any Liberty gold coin should have made money at issue price, even the first one. Some will be kicking themselves for not buying the Liberty coins in years to come because it was like the gold buffalo fractional coins, an old classic design that people will want eventually even if it is jinxed for now.
The regular spouse collectors have to have them, so the mintages beyond that are for those that only want the 4 and it isn't much. A few thousands will be all it takes to move them higher for the Jackson, Van Buren and maybe this one.
I enjoy these, they are getting difficult to buy because of the price of gold and the premium the mint puts on them, but as long as the funds are available, I plan to keep buying the uncs. For the 4 piece lib series I have both unc and PROOF, just because I really like the looks of them.
If I ultimately make money, so much better, but I really enjoy them.
So it seems the Buchanan mintage will definitely surpass Jackson and Van Buren by a large margin. Does it mean the real winner will not be Buchanan, but Van Buren (unc)?
Comments
So you folded em way too early, Kenny went home broke.
BTW notice how Eric said 'it is possible" not "it is certain" The mint has apparently only short struck 1 spouse coin and that coin went about 11 months before it sold out, not a week like you think. If a sell out in a week happens chances are it goes at the max mintage because they have 11 more months of sales possible like others have agreed and can strike more and take backorders. 15,000 between the two unc and proof is about 6500 unc and 8500 proof or 6,300 and 8,800. Very low even for the maximum. Way over the Van Buren though, why I say it should end up being the lowest mintage of the four.
What were you smoking when you thought up that 1000% percent jump? Interesting. The ONLY coin within the Buffalo Gold to even see those type numbers if you caught the eurphoria spike was the tenths and only in PR70 DCAM and MS70 FS.
Everything else was within the 300-500% range, as an average, many of us gladly took advantage of those levels. Depending on the quantity you hold, you probably should have too....
Right now, the market is VERY SOFT for Buffalo Gold, with even tenths bringing numbers maybe touching the top end of my previous mentioned range. Otherwise, you are in the 300% area.
As your unrealized annualized return keeps dropping on your holdings, the rest of us have moved on. Good luck with that.
7/8
The 1/4 are still over 400%, even raw and not sure what you expect to see with those but you said a long time ago they were too high at under $1000 and went on to double from that. Demand will not drop on those as the have the buffalo nickel collectors and have low mintages, not worried about those.
The plat unc are still sleeping though, are you still sitting on those? Remember when we talked about what would do better, the proof or the unc? So far the proof seem to be winning.
PS Let's see who is right about the next Liberty spouse, should be interesting.
As a reader of your text, it wasn't very clear, I wondered what you were smoking when you saw the whole series ride from 300% up to 1000%.
Buffalo gold has turned primarily into a BIN market on the bay, where sellers are quoting prices they "WISH" to get....
keep "WISHING"
we have seen the high water mark for a while in the Buffalo Gold.
By the way - on the 08w 1/4 plat unc's, I dont know how a 250% to 300% profit is bad????
Talking about BINS, the unc w plats are all bins and you must see that, so it is the same for all of them. If people want the coin they will pay the bin price, no matter it still sold.
BTW I would love to see the unc w plats skyrocket in price, the question all along was would they and so far it is a big No. They haven't even matched proof plats, much less the gold buffalo.
Now with the Julia Tyler having a mintage nearly as low as the unc w plats, the question is which is the better buy, the spouse gold or the plat unc w?
The Julia only has two options, proof and unc in $10 denomination.
The plat unc w has 8 options, $10, $25, $50 and $100 in both unc and proof. It will take 4 times more plat collectors than gold collectors to move those coins.
Not necessarily-as to 4x as many plat collectors, many plat collectors focus on one denomination - like 1/4's and 1/2's being popular, and 08w being the lowest mintage of their respective denominations.
They will wake up, just a question of when.
As for the Spouse Gold, I like the Liberty subset, but not the regular issue gold spouses. Dont care what the numbers are on those. As far as i'm concerned, the Julia and Letitia are a play by flippers and that's it - no real interest by the collecting community.
$10 +$25+$50+$100 = 11,306 coins.
$10 Julia unc...............= 2861 coins.
it is easy to see it takes way less collectors to move the Julia over the long haul as there is only 1 coin size to move. The plats need a lot more people to get that many coins to move, but maybe it happens. it should given enough time, but not yet.
Toss in the regular bullion 08 plats and it gets worse than this, that is why I think this is an interesting test to see how the 4 coin sets affect the potential going forward.
All collectors have to go to the $10 with the spouse coins, with the plats it is 4 sizes which increases the number of collectors needed.
It also seems gold mintages under or close to 3000 won't sit around for melt for very long, plat may but not gold.
Agreed that the Julia has a super low mintage, and anyone collecting that series is a fool not to own one - but to compare a highly rejected series (Gold Spouse) by collectors to any American Eagle Series, especially the 3 year changing reverse W mintmarked coin - is a stretch.
Also, I split the American Eagle Series collectors into two segments - the collector who wants the "collector versions" and those who also view the bullion versions as required for their collections.
The first segment has upper hand in percentages split between the two collecting disciplines, I would venture to say about 70/30.
It all comes down to a 'collector version" W mintmarked plat collector who desires the 3 year changing reverse set, and possibly only in one denomination. They will go after 1/4's and 1/2's primarily, and with 2,481 1/4's and 2,253? halves (keys) available, it doesnt take much to move those prices skyward.
The best coin rarity for the money out there in the market right now. Hands down. All the others have moved too far too quick, the big % gains have already been realized.
<< <i>the gold is gorgeous...but the bronze will complete "my" subset >>
Mine too!
#35237
Successful Trades: Swampboy,
mbogoman
https://pcgs.com/setregistry/collectors-showcase/classic-issues-colonials-through-1964/zambezi-collection-trade-dollars/7345Asesabi Lutho
Successful Trades: Swampboy,
35238--- @ 12:10
Forgot to add that I got three of the medals too.
Order Status: Your order request has been suspended.
<< <i>What does it mean?
Order Status: Your order request has been suspended. >>
Hmmm, credit card to expire or expired?
<< <i>What does it mean?
Order Status: Your order request has been suspended. >>
It should change to "on hold" shortly.
In honor of the memory of Cpl. Michael E. Thompson
And four Dolley Madisons will be going to the melting pot to pay for them!
<< <i>I would say there wasn't much demand as you could surf the site at will minutes after they went on sale. >>
Or possibly they improved the site to handle the demand. The difference between the early order numbers and later order numbers should give us a clue.
My Adolph A. Weinman signature
<< <i>Got 2 Proof & 2 Unc...no problems at all...hard to believe this was the Mint site.
And four Dolley Madisons will be going to the melting pot to pay for them! >>
At this rate, the early First Spouses will soon be scarcer than the recent ones!
My Adolph A. Weinman signature
Successful Trades: Swampboy,
tenth one at 12:10, order # 35238xxx
order number increased 568 from first to last
site was pretty fast
FloridaBill
Order No. 35239XXX
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448
Box of 20
<< <i>These coins must have the spouse jinx on them, if they were not part of the spouse series sales would have been triple so far. >>
Sales may actually be high since there are no ordering limits. Many board members are buying multiples, and some deep pocket speculators could be buying dozens or even hundreds in a single order. Plus there could be large orders from dealers who specialize in moderns.
My Adolph A. Weinman signature
<< <i>ONE DEALER HIT THEM UP FOR ABOUT 800 COINS ON ONE ORDER. >>
WOW!!
Any word on how many uncirculated vs. proof?
My Adolph A. Weinman signature
The real secret is anyone that bought any Liberty gold coin should have made money at issue price, even the first one. Some will be kicking themselves for not buying the Liberty coins in years to come because it was like the gold buffalo fractional coins, an old classic design that people will want eventually even if it is jinxed for now.
The regular spouse collectors have to have them, so the mintages beyond that are for those that only want the 4 and it isn't much. A few thousands will be all it takes to move them higher for the Jackson, Van Buren and maybe this one.
3500 difference between order numbers. Approx. 3.5 hours of sales.
If I ultimately make money, so much better, but I really enjoy them.
Does it mean the real winner will not be Buchanan, but Van Buren (unc)?