2009 Ultra High Relief Gold Coin now over $3000

Has anyone noticed how much this coin is appreciating these days? Looks like the going price for just a plain ordinary ungraded coin is now over $3000 with graded coins going, in some cases for substantially more than this. This is for a coin that cost ~$1199 from the mint just 3 years ago and which never sold out.

 

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I'm glad I have one.

 

Ima gunna git me 1 of those someday. Seriously, that is such a beautiful coin and I could kick myself for passing on it, not just because of its increase in value, but primarily because of its eye appeal.

 

Eye appeal is why I purchased one. It's a beautiful coin and the Mint did an excellent job in producing it.

 

You have to feel fortunate to indeed own one, but I have a delema with mine. It has great value as a First Strike MS70, but there is the lure to send it in to see if it will upgrade to Proof Like. That classification was not available to me when it was initially graded. I have studied it and I think it has a good possibility. It's a question of "be happy with what you have" or go for broke and and send it in for regrading. I have been thinking about this when I saw the PL designation come out, but can't get myself to decide. I would love to do a side by side comparision if I knew where to find one. My guess would be at another major show when it comes to town, (Chicago) but I would like to do this without other "experts" (dealers) around. If there is to be bias, I would prefer to make it simply my own.

 

Coin and bullion dealer I frequent said he gets them in once in a great while, has been selling them for $3000+, and they don't sit long in his case. He said if you're fortunate enough to own one, hold on to it for as long as you can. He thinks it will aggressively appreciate in the coming years.

He can't keep the 2011 anniversary sets in stock either. As soon as one shows up, it's gone very quickly. I don't know what he's selling them for.

 

ap*** has a lot and selling at $2,495.00 each.

 

anchor this is a 8 month old thread and price has dropped a bit for those coins.

 

Action Required !! I have received a few offers to buy some TPG 2009 UHRs....these coins are an MS69, and MS70, and an MS70PL (I think too high for my blood).

I'm curious as to why I got a bunch of e-mail offers from my contacts all at the same time, has the price suddenly dropped that folks want to unload them ? Is a new UHR being announced that I am unaware of ?

I heard nothing from these contacts for like a year and now I get 2 or 3 emails in like 3 days.

If anybody has thoughts on which 2009 UHRs are a good value, let me know. I have 1 direct from the Mint so I just want 1 TPG for my collection and 1 for a gift.

 

It might have something to do with your recent post in another thread...

https://www.cointalk.com/threads/2009-ultra-high-relief-double-gold-eagle.212266/#post-2344796

 

Well make sure you don't pay anywhere close to $3,000. I see a MS69 on Ebay for $1939, and a MS70 for $2365 or best offer.

I guess prices have fallen off quite a bit.

 

Thx....yeah, there's a good supply of both near the prices you quoted. Did I mention $3K ? For non-PL, that would be super-overpriced.

 

What am I missing here ?

http://www.ebay.com/itm/161919145143?_trksid=p2055119.m1438.l2649&ssPageName=STRK:MEBIDX:IT

First, this is 2x the other Early Release/First Strike prices in the past and currently listed.

Second, an MS70 (and this one is MS69 !!) with PL (PCGS) or DPL (NGC) goes for just over $4,000. How can the marketing ploy thing of Early Release possibly increase the coin by almost 2,000% from the raw price and even 900% from the MS70 PL/DPL price ?

In the past, I have seen the First Strike and Early Release things increase prices by 10-50% on much less-expensive modern coins but never by this amount being asked for the 2009 UHR. I wonder if the seller is into the coin for serious $$$ and never understood that the designation was mostly bogus. Maybe they bought it a long time ago before the TPGs settled that marketing disclosure lawsuit.

 

I think it's a "mistake". Should be $3,950 for that MS69.

That'd make sense for their MS70 price of $4,950: http://www.ebay.com/itm/2009-20-NGC...711044?hash=item2348e34c04:g:kbQAAOSw8d9UsALT

Anyway, it all sounds high to me.

 

Don't think so, COC....that other coin is NOT an Early Release. That's the difference between the 2 coins and why he/she is asking almost 8x as much for the ER designation.

If anybody can find where the ER or FS designation has even doubled the price of any recent mint coin, chime in. This one is 8-fold which is idiotic...but even "the market" for that particular coin (ER/FS MS70 PL/DPL) at about $12,000-$15,000 is 3-4x the underlying MS70PL/DPL coins.

Which I think is nuts.

 

"Early release" does not make the coin any more valuable. It drives up prices because collectors think it does. If there is a collective realization of "what difference does it really make" prices will drop like a lead anvil.

 

Agreed, Santini....I double-checked and that coin is not PL but DPL. Which I think is splitting hairs a bit, even though DPL vs. PL on a Morgan can be seen a bit.

Still...it's one thing to pay an extra 10-30% so that you can theoretically see a reflection another 4" further away on a MSD. On this coin, to pay 10x the cost of the coin for that marginal difference plus the EARLY RELEASE gimmick is still ridiculous. Yeah, it might be the only one of its kind, MS69 or MS70. WHO CARES !!!??!!

 

PCGS has 0 with a designation higher than PL and NGC only has 11 69s and 13 70s with the DPL. With only 24 coins total getting a DPL tag when it has been several years since it was issued and numerous ones have been graded, it will command a premium. 30k+ is probably to high for a 69 but it is not like a buyer who wants one has a lot of choices.

The real question is did PCGS not go higher than PL on any of them because they didn't feel any warranted it, or because they just weren't going to give any anything higher than PL. If it was because they decided PL would be the max that should bring the NGC DPL value down as some of the PCGS ones could end up with that designation if you switched the coin over, but if they just didn't see anything that deserved better than the substantial premium could be warranted.

 

B21 -- BTW, 40 days or so until the baseball season starts !! -- PCGS didn't give out the PL designation on the 2009 UHR until much later than NGC, like a year or so as I recall.

It's DPL and Early Release that accounts for that price. And I'm not sure even if it is a legit DPL and ER that it's worth that much. What happens if PCGS decides in the future to add DMPL for resubmittances OR NGC takes in PCGS PLs to see if they qualify as DPLs ?

That coin is a 69, I don't believe there are ANY 70's.

 

Don't remind me I am trying to forget until it starts lol. I feel like I am waiting for a grading submission waiting for it to start.

That's the real question. Did PCGS refuse to give out DMPL or did they not see any that were worthy of a designation. But it is also true just because they wouldn't give it to any of them does not mean NGC wouldn't.

I suspect if they priced that at 10-15k instead of 30+ it would sell.

NGC has 13 70s in their population report.