Reverse Proof Gold Eagle from '06 - Worth it? - Page 2

bama guy · 11-05-2009, 07:52 AM

I was fortunate to get both. One day I like the silver reverse proof the best , the next day it is the gold. Both are very nice. The first regular proof I bought was out of the 3 piece gold set. I like gold but something about a large proof gold that is awesome to me.

I would think someday they will make another gold reverse proof. Like some, I do not think additional reverse proofs will affect the price in a negative way. May make the first one even more popular as many may want to collect the series.

Correct me if I am wrong but aren't there several * modern gold eagles which trade in the $2,500 range?

**jaceravone** · 11-05-2009, 10:01 AM

Ok, BNB...Once you get the silver reverse proof which is the easiest and the most affordable, next in line is the platinum reverse proof. It came out during a time when platinum saw record prices around $2000/oz and the price wasn't very affordable. Then platinum tanked in a big way, but this was before the mint adjusted its prices so the price of the coin stayed really high. Then the mint did something that shocked alot of people and angered alot of collectors who had already bought this coin at the initial high price....then the mint lowered the price... by a lot too. Here is a price example of a coin with a low mintage <20k coins, but hardly any demand. This coin will never have the value that many thought it would have, but as a collector of the reverse proof American Eagles, you need to consider getting this one. A proof 70 coin could be had for around $1000-1300. Also, since it came out a year after the other reverse proofs came out, much of the excitement about a reverse proof coin had died off. If it just came out a year earlier, it may be a different story. That would be an interesting topic to discuss....how does timing of a release of a coin affects its value?

CamaroDMD · 11-05-2009, 11:52 AM

Did the reverse proof platinum eagle only come out in the $50 denomination?

andrew289 · 11-05-2009, 03:34 PM

Quote:

Originally Posted by CamaroDMD

Did the reverse proof platinum eagle only come out in the $50 denomination?

yes

boxerchip · 11-05-2009, 04:41 PM

SH*T I didnt even know they did those. Thats next on my list for sure!

**jaceravone** · 11-05-2009, 05:35 PM

Here is a link to one of the best places that I know to buy modern American Eagle and bullion coins. Compare them to anyone...http://www.moderncoinmart.com/cart1/home.php?cat=19