I tend to agree, although the coin may turn out to be about the right price for the unique design. My only complaint would be that they varied from the original specifications. I would have preferred an exact copy of the original except for the date.
Same here. Don't get me wrong, I'd like to have one. But I wouldn't pay that much over spot for it. Great idea...bad price. Guy~
Here is the deal gang - get them while you can! I was originally going to hold off from buying this coin until later in the year to see how sales were going and if the price was going to fluctuate, But after the year we had last year with the price of gold going up and down and the difficulty the mint had securing precious metal planchets, well my game plan has changed. I will be buying this baby the first day it comes out. I don't have all the money saved, but I have most and will be getting paid on Friday. Keep in mind, traditionally there is a lag between the purchase and when the mint charges you. So if the money is not there yet, but coming soon, you may want to go ahead and place your order with the thought that you will get the money within the next few weeks. Also, with the mint now possibly going to change their prices on a weekly basis, it may eventually be priced well out of reach if gold continues to go up. The mint will most likely have great success minting these and have no problems, but you never know. I know the mint has already minted a bunch of these and we haven't heard anything negative yet. Think of this like the pharmaceutical industry.... they do years of testing on drugs in the lab and in small human studies, then when the drug really gets cranked out and millions of people are taking it, that is where the problems start with side effects and adverse reactions that were not necessarily seen in a controlled environment. Everything may be going smoothly now for the mint, but who knows what will happen months down the road. I'm not going to take any chances.
I would really love to buy this HR Gold coin but, money is tight now. So, I've come up with a plan, of sorts. I'm going to sell my Jefferson Liberty Spouse Proof & Unc coins for a good part of the cost of the St. Gaudens HR Double Eagle. I've listed it on ebay and will post in the auctions section here. Bruce
Today I got my 2009 ULTRA HIGH RELIEF DOUBLE EAGLE GOLD COIN brochure from the Mint. I must say that it is very well done. Lots of nice photos with a good dose of history of Augustus St. Gaudens' 1907 Double Eagle thrown in. Guess what one gets for almost $1200 (subject to change) when one buys the 2009 Ultra High Relief Double Eagle -- "a mahogany wood box with velvet lining" and a hardbound "official United States Mint companion book that chronicles the story of the original 1907 Double Eagle, and describes the modern technologies and processes that the United States Mint employed to perfect this unique legal tender United States coin". "The book is not sold separately." (Translation -- look for it on eBay.)
well its a crazy idea but Harvey is with me and we are going to be looking at the spot market before we throw our money away
I see Modern Coin Market is soliciting to buy these coins from individual since they can only purchase one and want to fill their pre order request. I do not work for this company but thought this was kind of interesting. So there will not be a proof version of this correct?
dear joe. just how do u think they will bring the uhf if they dont strike the darned thing a couple of times
I don't get your question? A proof coin is distinguished from a business strike, not by the number of strikes but rather by the treatment of the die. The proof coin has a polished and treated die, which gives it a different appearance compared to circulated coins or business strikes. The dies are applied with acid and the background of the die is polished. This gives the coin a mirror-like feel for the background and a frosted look for the other parts of the coin design. I am sure these coins will have multiple strikes, but the dies will be business dies not proof.
Dear Joe, There is no such thing as a business die or a proof die. Proofs were made long before they started to give what you call the proof effect or finish. Typically a proof coin is struck multiple times and till now the question never really came up as even though coins are stuck on CDs in a few countries never they have for the ultra high relief
I am not saying that this coin wont be struck multiple times, but it is not the number of strikes that determine whether it is proof or uncirculated, but rather how the die is made or polished that determines whether or not a coin is going to be a proof or uncirculated. Matter of fact, if you saw the Discovery Channel's show on how coins are made, most if not all "collector" grade coins were stamped more than once. Proofs, were stamped three times or more. I don't remember the exact numbers since it has been a while since I watched the show, but you get the idea. If I am wrong someone please tell me. http://www.usmint.gov/KIDS/campcoin/coinFinishes.cfm
the way proofs are made today with the special proof effects is a recent phenomenon ( maybe 150 years at best) even during this period and certainly before that circulation coins were struck once and proofs multiple times to bring out the details of the coin and that was the only difference ( except proofs were not meant for circulation) no one had the technology to do what they today in fact milled coins ddint even exist in most parts of the world till 1800 or so.
There is a "big" difference in dies and everything else! The fellow that said there is no difference in proof dies and dies meant to strike coins for circ. is not correct. There is a big difference - proof is not really a grade although it is used as such. Proof it a method of manufacturing. The dies are different, the planchets are different, how it's struck is different and how the coins are handled and packaged are different. To say there is no difference in dies is absurd even the die life is incredibly shortened on proof dies to as little as 5000 or less often times. Read the book please to give the best type of info. Ben Peters
Better make that before 1700 spock, milled coinage began in 1643. And the first Proof coins were made shortly after that. And Ben is correct, everything is different with a Proof.