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With a 10,000 mintage why.........
holeinone1972
Posts: 5,368 ✭✭✭
With a mintage of only 10,000 sets why is the 20th anniversary gold set not higher than in value than it is?
It does not seem to much over gold spot even with a First Strike PCGS 69 set?
Just curious.
It does not seem to much over gold spot even with a First Strike PCGS 69 set?
Just curious.
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Box of 20
I have a feeling that these 25th Anniv sets even though only of silver will not hold the big values....I mean 2k for MS 70 sets!
Sorry not to pirate the thread but sticking to supply and demand issues.
Well, just Love coins, period.
If the set contains 3 special coins, it would be in the 8-9k range by now
<< <i>I don't think many people can afford $6000 for a set of coins. Combine that with the fact that few peole collect and you see why a set recently sold for $5300 on eBay. Also I like your avatar a lot
I'm not sure where you came up with that synopsis, but here is one that recently sold for this.
If you collect "old gold" a mintage of 10,000 is not unusual. When you consider that a lot of the 10,000 mintage of "old gold" is now in "gold heaven" the 10k mintage means even less.
Once a price gets to a few thousand dollars, lots of collectors are "out." These sets depend on bullion now that the melt is so high and less on numismatic interest.
<< <i>
<< <i>I don't think many people can afford $6000 for a set of coins. Combine that with the fact that few peole collect and you see why a set recently sold for $5300 on eBay. Also I like your avatar a lot
I'm not sure where you came up with that synopsis, but here is one that recently sold for this. >>
I wish all my 5 year old purchases from the Mint could have such a "poor" return of 100%+
<< <i>I've been wondering the same thing about the Booker T. Washington and Carver-Washington half dollars for years. >>
There are several reasons for this. First, many collectors, who get interested in the "old" commemorative half dollars, only go for the 50 piece type set. For that reason they only need one Booker T. Washington and one Washington-Carver and are happy with a common variety.
Second, many collectors don't think that these coins are very attractive. Few collectors buy them because many collectors have found the designs inane and boring.
The third reason might ruffle some feathers. Sadly racism is still alive in our country. When I was dealer I had a couple of people tell me that they weren’t interested in either of those coins because an African-American appeared in them.
On the other side I ran into very few African-American collectors. One of the few African-American collectors who did have an interest didn’t have that much extra cash to spend on one of these coins even though I could have offered him a certified one in MS-64 for $20. He was more limited to pocket change and one and two dollar items.
I don't consider, and I think many people agree, these to be "coins" - although legal tender - but rather more like medals.
I see them as just bullion and would never buy them as anything else. Simply a vehicle to invest in precious metals.
Yes, I realize that these frequently do go for more then melt and that there is a collectors market for them, but I think those days are numbered. Coin collecting as a hobby is dying, and these types of items are the "condominiums" of the coin world. They will be the first to die once the tipping point in the hobby is reached.
<< <i>I don't consider, and I think many people agree, these to be "coins" - although legal tender - but rather more like medals. >>
Totally agree. If they were real coins they would be made of copper-nickel clad base metal and have an ugly design with a dead president on it and weakly struck in shallow relief.
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>Coin collecting as a hobby is dying, and these types of items are the "condominiums" of the coin world. >>
That statement is totally untrue. Not because I am a collector, and not out of any 'emotional reaction'. There are major coin shows all over the country, as well and thousands of small shows. The economy has impacted it a bit, but that will change. If the interest in moderns is any indication (and it is), the hobby is actually growing... check out the quantity of YN's at big shows... you will be surprised. Cheers, RickO
<< <i>If the Franklin mint came out with a new "coin" with just 10000 mintage, it would be worth less then the issue price.
I don't consider, and I think many people agree, these to be "coins" - although legal tender - but rather more like medals.
I see them as just bullion and would never buy them as anything else. Simply a vehicle to invest in precious metals.
Yes, I realize that these frequently do go for more then melt and that there is a collectors market for them, but I think those days are numbered. Coin collecting as a hobby is dying, and these types of items are the "condominiums" of the coin world. They will be the first to die once the tipping point in the hobby is reached. >>
Franklin Mint? I thought these were US Mint Commems....
<< <i>
<< <i>I don't consider, and I think many people agree, these to be "coins" - although legal tender - but rather more like medals. >>
Totally agree. If they were real coins they would be made of copper-nickel clad base metal and have an ugly design with a dead president on it and weakly struck in shallow relief. >>
One of the best responses I've ever read here!!!
Edit to add: The Burnished 2006 W, that is.
<< <i>With a mintage of only 10,000 sets why is the 20th anniversary gold set not higher than in value than it is? >>
Extrapolate this to the 'uber rare' 100K 2011 25th anniversary ASE sets say in 5 years. They will be selling for not that much over melt at that time. If there are 30 1995 W ASE's on flee bay now, there will be 100 of these 25th ASE sets on flee bay in 5 years. No reason to overpay for any modern day bullion. --aap
<< <i>
<< <i>With a mintage of only 10,000 sets why is the 20th anniversary gold set not higher than in value than it is? >>
Extrapolate this to the 'uber rare' 100K 2011 25th anniversary ASE sets say in 5 years. They will be selling for not that much over melt at that time. If there are 30 1995 W ASE's on flee bay now, there will be 100 of these 25th ASE sets on flee bay in 5 years. No reason to overpay for any modern day bullion. --aap >>
I don't think that they will be selling for close to melt, but I predict that they well be selling for less, at least in real dollar (inflation adjusted) terms. If you are one of those guys who has paid $4,000.00 for one of these sets, I opinion is that you might not be happy with your purchase five years from now.
Wondercoin
https://acoinshop.com/ —-> https://ebay.us/m/KxolR5
<< <i>Totally agree. If they were real coins they would be made of copper-nickel clad base metal and have an ugly design with a dead president on it and weakly struck in shallow relief. >>
Awesome post Sir
<< <i>What about the 2006 W 1/2oz Platinum Eagle? It sells for just a fraction over melt, and less than 600 of those puppies were minted. Guess people just don't like them much.
Edit to add: The Burnished 2006 W, that is. >>
I don't know where you're getting your numbers from, but they made 2,577 2006W "burnished" $50 plat eagles. Regardless that's still a crazy low number when you think about it. Eric Jordan's awesome book on modern commen's has a list of the lowest mintage MS coins of the last 200 years and the '06 coin in question is listed as the 27th lowest mintage. I bought one a few months back for roughly 20% over melt and will continue buying every one I see with premiums like that. Those of you under 50 would be wise to pay attention to the burnished plat eagles as every coin but one in the series has a mintage of less than 5,000 coins. The 2008W $50 already sells for roughly twice melt, but otherwise I've been able to put together a set of the fractionals for roughly melt pricing. People don't want them right now, but I'm young and willing to wait for collectors to catch on and recognize the series at some point in the future. Even if no one cares about them in 30 years, I'm still only into the coins for melt and I'm sure platinum will still be worth something in 30 years
As for the RV proof eagle, I think many people here are under-estimating the long term potential of the coin. Personally I haven't bought one yet as I don't focus on 1oz gold, but if gold continues to rise and prices remain flat on the coin I will definitely look to buy one once the premium on the coin is within 20% of melt. I doubt we'll ever see $500 gold again, but buying coins like the RV proof eagle offers you a bit of downside protection.
<< <i>
<< <i>Totally agree. If they were real coins they would be made of copper-nickel clad base metal and have an ugly design with a dead president on it and weakly struck in shallow relief. >>
Awesome post Sir
<< <i>What about the 2006 W 1/2oz Platinum Eagle? It sells for just a fraction over melt, and less than 600 of those puppies were minted. Guess people just don't like them much.
Edit to add: The Burnished 2006 W, that is. >>
I don't know where you're getting your numbers from, but they made 2,577 2006W "burnished" $50 plat eagles. Regardless that's still a crazy low number when you think about it. Eric Jordan's awesome book on modern commen's has a list of the lowest mintage MS coins of the last 200 years and the '06 coin in question is listed as the 27th lowest mintage. I bought one a few months back for roughly 20% over melt and will continue buying every one I see with premiums like that. Those of you under 50 would be wise to pay attention to the burnished plat eagles as every coin but one in the series has a mintage of less than 5,000 coins. The 2008W $50 already sells for roughly twice melt, but otherwise I've been able to put together a set of the fractionals for roughly melt pricing. People don't want them right now, but I'm young and willing to wait for collectors to catch on and recognize the series at some point in the future. Even if no one cares about them in 30 years, I'm still only into the coins for melt and I'm sure platinum will still be worth something in 30 years
As for the RV proof eagle, I think many people here are under-estimating the long term potential of the coin. Personally I haven't bought one yet as I don't focus on 1oz gold, but if gold continues to rise and prices remain flat on the coin I will definitely look to buy one once the premium on the coin is within 20% of melt. I doubt we'll ever see $500 gold again, but buying coins like the RV proof eagle offers you a bit of downside protection. >>
Thanks. The 2011 Red Book listed a mintage of 588, but I see the 2012 Red Book lists 2,577. I guess the 2011 had the figures wrong. Acually, now that I take a closer look, almost all of the Platinum Eagle mintage figures listed in the 2011 Red Book's are different from the 2012 issue. Strange.
<< <i>I seem to recall reading here the same arguments concerning the 115,000 "high" mintage UHR of 2009. That was when the coin was around $1,200. Of course, today it is closing in on $3,000 for a raw example!!
Wondercoin >>
Assuming that the mint does not issue any more 2009 UHR coins, it'd say that coin as more going for it than this ASE collection. The UHR contains an ounce of gold which puts a floor under the price, and it is an excellent copy of an unobtainable classic coin.
This is set a close repeat of a set that the mint issued five years ago, and it is five ounces of silver, not gold. There is also a very good chance that we will another set similar to this five years from now. The best thing this set has going for it is the fact that the ASE is a popular series.
<< <i>
<< <i>I seem to recall reading here the same arguments concerning the 115,000 "high" mintage UHR of 2009. That was when the coin was around $1,200. Of course, today it is closing in on $3,000 for a raw example!!
Wondercoin >>
Assuming that the mint does not issue any more 2009 UHR coins, it'd say that coin as more going for it than this ASE collection. The UHR contains an ounce of gold which puts a floor under the price, and it is an excellent copy of an unobtainable classic coin.
This is set a close repeat of a set that the mint issued five years ago, and it is five ounces of silver, not gold. There is also a very good chance that we will another set similar to this five years from now. The best thing this set has going for it is the fact that the ASE is a popular series. >>
Popular for what group? I don't think that the traditional collector base (i.e. those willing to purchase and hold the sets long term) are infatuated with the series at all. I think mostly bullion speculators are interested, and any interest generated is from hype and marketing. I wouldn't be surprised to see the prices fall on these silver sets significantly in the coming years.
<< <i>
<< <i>I don't consider, and I think many people agree, these to be "coins" - although legal tender - but rather more like medals. >>
Totally agree. If they were real coins they would be made of copper-nickel clad base metal and have an ugly design with a dead president on it and weakly struck in shallow relief. >>
lol - yes you'll get no argument from me! All moderns are ugly and intrinsicly worthless. Not sure why anyone would collect these. None of them will hold their value long term. I laugh (sadly) and shake my head when I see these high prices. And again I will point to my condo comparison. I just hope it is none of you guys left holding the bag when people realize that he emporer has no clothes.