2009 UHR Gold
Bankerbob56
Posts: 1,402 ✭✭✭
What is the driving force for the prices these things are bringing? It can't simply be gold...the premiums are too high!
What we've got here is failure to communicate.....
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It's a personal thing. In a slab they look more like a half ounce than a full ounce. That super thick planchet kills the diameter of the coin.
Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
Is it beacuse 80K unsold will be melted so the supply is shorter.
I have 3 of them - 2 PCGS MS70 and one MS69. At this price levels it's very tempting to sell them - recent MS70 got nearly $3K on ebay and MS69 around $2600.
Not a bad return in 2 years from original approx $1300 - close to 100% excluding the fees.
I'm holding on to mine as I just love the look of it and I do not see a down side at any time of less than what I put into it when they were released.
<< <i>I think it is because they destroyed the extras that did not sell. That set the mintage lower and it is a one year type coin.
I'm holding on to mine as I just love the look of it and I do not see a down side at any time of less than what I put into it when they were released.
It sure is tough to pass up the big gains on this one! As a collector, I can only hope that my heirs appreciate the discipline it takes/took to hang on to all this "stuff!"
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I was fortunate to acquire two, on raw, the other FS/70, but haven't seen many of the latter on the bay... must be hoarding them!
A Truth That's Told With Bad Intent
Beats All The Lies You Can Invent
Prices were up there well before anyone knew publically they had 85k to be melted.
They sold over 100k and people knew that. Many said they'd fall towards melt with no premium at all. However, once the initial flip spurt died and prices settled from there, they began to climb.
There is one simple reason for the climb: buyers are holding onto theirs and few are coming to market. With over 100k sold, you'd think there'd be dozens on the market at a time, but there are not.
Now, explaining why so few are coming to market is a hard one.
<< <i>I totally disagree that the 85,000 melted influenced the prices.
Prices were up there well before anyone knew publically they had 85k to be melted.
They sold over 100k and people knew that. Many said they'd fall towards melt with no premium at all. However, once the initial flip spurt died and prices settled from there, they began to climb.
There is one simple reason for the climb: buyers are holding onto theirs and few are coming to market. With over 100k sold, you'd think there'd be dozens on the market at a time, but there are not.
Now, explaining why so few are coming to market is a hard one. >>
agree...many flipped early and fell into a very few hands (my guess)
<< <i>I totally disagree that the 85,000 melted influenced the prices.
Prices were up there well before anyone knew publically they had 85k to be melted.
They sold over 100k and people knew that. Many said they'd fall towards melt with no premium at all. However, once the initial flip spurt died and prices settled from there, they began to climb.
There is one simple reason for the climb: buyers are holding onto theirs and few are coming to market. With over 100k sold, you'd think there'd be dozens on the market at a time, but there are not.
Now, explaining why so few are coming to market is a hard one. >>
<< <i>I totally disagree that the 85,000 melted influenced the prices.
Prices were up there well before anyone knew publically they had 85k to be melted.
They sold over 100k and people knew that. Many said they'd fall towards melt with no premium at all. However, once the initial flip spurt died and prices settled from there, they began to climb.
There is one simple reason for the climb: buyers are holding onto theirs and few are coming to market. With over 100k sold, you'd think there'd be dozens on the market at a time, but there are not.
Now, explaining why so few are coming to market is a hard one. >>
You hit the nail on the head with the below statement.
<< <i>They sold over 100k and people knew that. Many said they'd fall towards melt with no premium at all. However, once the initial flip spurt died and prices settled from there, they began to climb. >>
There are no large quantities around either. We get them one here, one there etc.
- Ian
Owner/Founder GreatCollections
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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
- Ian
Owner/Founder GreatCollections
GreatCollections Coin Auctions - Certified Coin Auctions Every Week - Rare Coins & Coin Values
I too think that the current prices are high given the number of pieces the mint did sell. According to the Red Book it was 115,178. That is probably too many to sustain the premiums over melt, but right now gold in general is very hot, and “collector gold” must be even better. RIGHT?
realized my pants were the new pocketless version and the plastic holder would itch. So, I hold my raw PL close at night.
Miles
<< <i>I sold my UHR after a small red spot appeared on it. >>
I might sell mine, but I'm gonna wait until there are a BUNCH of GREEN spots on it.
A Truth That's Told With Bad Intent
Beats All The Lies You Can Invent
<< <i>I don't know, but If I had one I would sell it at these levels.
It's a personal thing. In a slab they look more like a half ounce than a full ounce. That super thick planchet kills the diameter of the coin. >>
Sell now while the price is climbing and just getting started? Yeah great idea!!
Has no one maybe considered the historical signification of the coin? The double eagle has some of the best American history a coin can ever have and on top of that..It was made by the greatest sculptor in all of Americas history and it's considered the most beautiful technologically advanced coin ever made!!! They didn't break out all the bells and whistles with a fancy book and gorgeous display box, specially designed web page and video just because the Double eagle is just another bullion coin cmon!!!
Not to mention the first struck is housed in the SMITHSONIAN!!! Call me an armature but I'm pretty sure not all coins struck by the U.S Mint gets this kind of attention and treatment..This should be a no brainer for any numismatist and collector. Of the kind of HUGE VALUE these coins will bring in the future.. The prices now are only getting started.. If you think the value is high now wait another 5 to ten years.. I truly feel sorry for anyone who sold there's and even more so for those who just "don't get it" Sorry for being so negative and a buzz kill but the question has struck a nerve.. Plus the scarcity on ebay is a small factor for such a coin because of the price jump..Not to mention the Dollar is about to take a dump but that is a WHOLE nother story..
<< <i>
<< <i>I don't know, but If I had one I would sell it at these levels.
It's a personal thing. In a slab they look more like a half ounce than a full ounce. That super thick planchet kills the diameter of the coin. >>
Sell now while the price is climbing and just getting started? Yeah great idea!!
Has no one maybe considered the historical signification of the coin? The double eagle has some of the best American history a coin can ever have and on top of that..It was made by the greatest sculptor in all of Americas history and it's considered the most beautiful technologically advanced coin ever made!!! They didn't break out all the bells and whistles with a fancy book and gorgeous display box, specially designed web page and video just because the Double eagle is just another bullion coin cmon!!!
Not to mention the first struck is housed in the SMITHSONIAN!!! Call me an armature but I'm pretty sure not all coins struck by the U.S Mint gets this kind of attention and treatment..This should be a no brainer for any numismatist and collector. Of the kind of HUGE VALUE these coins will bring in the future.. The prices now are only getting started.. If you think the value is high now wait another 5 to ten years.. I truly feel sorry for anyone who sold there's and even more so for those who just "don't get it" Sorry for being so negative and a buzz kill but the question has struck a nerve.. Plus the scarcity on ebay is a small factor for such a coin because of the price jump..Not to mention the Dollar is about to take a dump but that is a WHOLE nother story.. >>
I have to agree. Every now and then, I do a search in the bay, and it's a rare find to come across an FS PR70. When you find them, they command top dollar. If worthy today, the potential for increasing value is, it would seem, inescapable. But things do change, and to coin a phrase, turn on a dime (tee hee)... guess I'll just hang onto mine for a bit longer.
Come on, Ferrari!
A Truth That's Told With Bad Intent
Beats All The Lies You Can Invent
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.
I told my son,when they came out that it would be a good investment.He didnt want to hear it.Told my wife we should buy a few.It will go up in price I said.She fought me tooth and nail.With alot of pressure she agreed to buy one.
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
Locked the shop up early to get home and order the UHR for my Father that was in the Hospital...
Logged on just before the Noon release and thought I missed the boat as I was going by Mountain Time and they were on Eastern Time...
So it was 2:00pm and not Noon as I thought, surprisingly the order went right thru without a hitch in just a few minutes...
My joy was short lived as my Father Passed at 6:08pm that night...
I was so devastated that I've never opened the box and it sits in the safe unopened as we speak...
It's First Strike eligible and I have thought of slabbing the coin but just can't make up my mind so there it sits...
Anyway...
I think the price change from $1180 to $1230 within just a few days of issue put off some collectors and started the ball rolling on this Great Piece of History...
Now they have melted the remaining stock and those collectors realize they missed the boat and are driving the price increase...
This is the best numismatic product put out by the Mint in many years as it has deep roots into our History as a Country...
Unlike giant 5oz fake quarters that are nothing more then bullion, only being driven by hype and the price of silver...
Just my 2c...
Currently Listed: Nothing
Take Care, Dave
<< <i>One of the [many] reasons I will not sell my only UHR is this: If later I regret selling, it will be difficult and expensive to get another one. >>
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Rarely do you see the kind of loyalty to a coin that you do with this issue. That is reason enough.
<< <i>The Number One reason I am not contemplating selling my UHR's - I don't have enough.
Rarely do you see the kind of loyalty to a coin that you do with this issue. That is reason enough. >>
I think this is the answer to MsMorrisine's last question.
<< <i>A hypothetical question: If gold went to $5000 and the premium value of the UHR disappeared, who would decide to melt? >>
This might not be so hypothetical. Gold is constant, the dollar is .... well. I think that most of us will hold onto this piece of art work for its beauty, not for the $5000 because a month later it might be $6000.
<< <i>A hypothetical question: If gold went to $5000 and the premium value of the UHR disappeared, who would decide to melt? >>
Since I have two, 10,000 bucks would be hard to turn down. I like 'em, but I ain't married to 'em.
<< <i>
<< <i>A hypothetical question: If gold went to $5000 and the premium value of the UHR disappeared, who would decide to melt? >>
Since I have two, 10,000 bucks would be hard to turn down. I like 'em, but I ain't married to 'em. >>
If gold went to $5000, it would be as a result of on going massive hyper-inflation and money would have greatly reduced purchasing power. I'll keep my gold, thank-you.
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
If forced to sell my collection, this would be the last to go.
<< <i>What is the driving force for the prices these things are bringing? It can't simply be gold...the premiums are too high! >>
I love looking through the original threads for this thing-- a lotta folks said they've never bring much more than a few $$$ over melt..
<< <i>
<< <i>What is the driving force for the prices these things are bringing? It can't simply be gold...the premiums are too high! >>
I love looking through the original threads for this thing-- a lotta folks said they've never bring much more than a few $$$ over melt.. >>
My local B&M dealer said he wouldn't touch that crap with a ten foot pole???!!! LOL.... he said he would let the "suckers" buy them at the premium price of 1239 and he would then buy them for melt.
Successful BST xactions w/PCcoins, Drunner, Manofcoins, Rampage, docg, Poppee, RobKool, and MichealDixon.
I wonder if storing the coin in a non-air-tight plastic disc, in a wooden box is likely to affect its surface or cloud its finish. My coin might qualify for a prooflike designation if graded.
<< <i>
<< <i>What is the driving force for the prices these things are bringing? It can't simply be gold...the premiums are too high! >>
I love looking through the original threads for this thing-- a lotta folks said they've never bring much more than a few $$$ over melt.. >>
One thing that gets me is if anyone is in the numismatic hobby should know that there are two big things that make this hobby fun is the artisticness of coins and also the HISTORY!!
When I found out that this coin was being reissued I was aware of the double eagle but honestly knew nothing about it but when I saw the images that the Mint provided that it will look like I thought whoa that's an awesome looking coin and did about 2 hours of research on the double eagle and it's history and then it instantly became my favourite coin.. people may not think much of this coin now because clearly they don't seem to realize that if you look at this coin and then look at thousands of other coins old or new NOTHING!!!! compares to the uniqueness or beauty and I'm willing to bet nothing else will come out again for a very long time that can come close to this piece..To me the 2009 UHR DE is the end game or crown jewel of a coin collection.. it's the ultimate display piece.. The king of kings of coins especially gold coins!! Gus had a thing for the mythology of the Greek gods and I'm willing to bet he wanted to design a gold piece that only the gods could use.. that's just the impression I get after reading the book striking change..
It has extra meaning for me as I once visited the Smithsonian a few years back and was able to hold and study the two original pattern pieces and photographed them with my digital camera. I had no inkling that the Mint would ever use the format of a double $10 gold planchet size to make such a piece in quantity for collectors.
My grandmother once bought a 1907 roman numerals high relief wire rim $20 in the mid 1960's and paid something like $550 for it, making payments over a year or two to do that. I always admired the beauty of that coin, as well.
I remember that toward the end of the 2009, the mint allowed purchases of ten coins per person, then I think they lifted any limits. I could kick myself now for not buying another one or two, I did not, but I do have my one example, don't plan to get it slabbed (I don't really see the point of getting it slabbed since they almost all are graded MS 69 or 70 and then the piece doesn't fit in the bulky and nice wooden box.)
I think this coin will continue to increase in value. The Mint's release of one per customer for most of the release, the limited release time, and the demand will all push the price up over time. Rising gold prices only make the price go up, too. To my knowledge, there is no dealer that has any supply of these, and where would they get them? I think the majority of these are held as individual pieces by collectors that mostly plan to keep them.
<< <i>My grandmother once bought a 1907 roman numerals high relief wire rim $20 in the mid 1960's and paid something like $550 for it, making payments over a year or two to do that. I always admired the beauty of that coin, as well. >>
What happened to your grandmother's coin? Did you inherit it?
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
Well, just Love coins, period.
I didn't buy more than one, because of the mintages.
I'd hazzard a guess that others had similar reasoning.
I knew it would happen.
Here's a warning parable for coin collectors...
<< <i>I bought one because I thought it would be cool, and it is.
I didn't buy more than one, because of the mintages.
I'd hazzard a guess that others had similar reasoning. >>
Exactly.