so what's the problem? it's a little high for the gold one, but they are selling on Ebay for $11-15 thousand dollars. somewhere around $12 thousandish is the norm. A little commentary on your thoughts besides OMG might be helpful though.
Oh and the listing isn't clear exactly which one he's selling or both but I'd assume he's talking about the gold one, or he's crazy. Maybe that's the problem?
Someone buying these will take a serious butt whooping pretty soon. Something tells me the mint will go to this privy mark well over and over going forward just like most other world mints have done.
So what if they do keep using a privy? I think this price point has to do with the small mintage (for the US Mint anyways), and the fact that it's an eagle.
I dunno, pretty sure there's only one 75th anniversary of the end of WWII. I'll need to check my Encyclopedia Britannica about that. They may do other privy marks in the future no doubt, but this one... I dunno. it's everything to do with the mintage of it. is 1945 of them enough for demand? Judging by how quick it sold out probably not, but we won't know for sure until they are all in collector hands and then what it takes to pry an example away from a collector. if it stays among flippers trying to make a buck, and collectors don't sit on them in collections, the price won't get crazier than this, but I think, it's possible collectors will want this issue to hang on to. Lowest Mintage St. Gaudens is the 1907 high relief, at 12,367 minted. theres a couple liberty double eagles 1882, 1885, 1886, 1891 that are lower mintages than this one. but not the same kind of "class of coin" the liberty double eagles were for use. this one is a proof and will all grade highly so populations will be higher in high grades also, and no attrition over time effect either. Anyways, supply and demand I guess, only 1945 people worldwide can have one of these in their collections.
Apparently 1945 was a neat mintage choice but nowhere near meeting demand. For these prices I'd be afraid to ship one off and might opt to hand deliver myself.
I think he means they are close to being delivered. The prices he showed are the mint prices. I think he is showing the tracking of the package. How far is Camarillo from Thousand Oaks?
Everyone that is buying one basically. That's their price, these same comments get posted everytime some actually popular hot mint item gets released which of course is rare. Someone isn't a fool just because you disagree with the price
Who said anything about the buyers being an investor? Why cant people buy things because they like it and have the means to do so? Many of you were saying the same thing this time last year about the low mintage ERP at the same time last year and the price has essentially held. At some point it would be much more accurate for some of you guys to start considering that moderns are much more popular than you think, and when the mintage is low enough there are enough people with the will and the means for them to become very valuable.
Um, one year is not nearly enough time to judge. A TON of moderns have spiked after release. How many are at the same price point 5 or 10 years after? My comment about the privy mark was intended to point out I do not believe they will use the V75 again, I will wager more "limited" privy issues will be coming. Those new issues will make this one less unusual. People chasing modern mintages have been doing so for 50 years. Each one is lower than the last, and each "instant rarity" I can remember is now much cheaper than right after it was released. Can you give me a listing sir of moderns that the price has held or gone up 5 years or more after release, (not just tied to PM value)? The only moderns I am aware of that have gone up like that are ones under the radar, and didn't spike right after introduction. I am not against modern coins. I like some designs. I think the Franklin silver dollars were well done, I like my UHR St Gaudens, my gold $.10, .25 and half, and collect proof APE. I just think such issues are VERY dangerous to buy right after issue, as ALL I can see lose a ton of value. I will put up $100 right now to be held by a third party that this coin will be cheaper 5 years from now than it is currently on Ebay, (ignoring pm price changes). Any takers?
One year is significant and most of the initial release hype prices have historically come down by then. They won't nor can they. It would just be stupid to release a 75 year privy another year. That's a silly bet. There are countless things that go into the price of a coin and when you are talking half a decade later countless things that have nothing to do with coins can have a major impact. Every classic coin the same arguments can be made against when you're talking a time frame that long and PMs oh man does that argument destroy them.
I’d guess the dummies will buy at 10K send in for grading then flip for $20-$25K (PCGS) That’s just dumb.
