http://catalog.usmint.gov/webapp/wc...ctId=14708&langId=-1&parent_category_rn=10112 I wasnt going to buy the UHR on the first day, I was going to wait until I thought gold was at a low before buying the UHR. However, now that the US Mint is saying that there will by a SIX to NINE month wait for the coin, my strategy has changed. I will purchase the coin tomorrow evening. I will not deal with the busy signal and other nonsense at noon. Then, I will visit the Mints website every week. If the price of gold falls and thus the price of the UHR falls, I will cancel my order and place a new order with the lower price. By having a SIX to NINE month delay, the Mint will be selling the coin at the lowest price to most, if not all customers. I cannot see how this will benefit the Mint.
hhaah what a plan i will buy 3 of those coins if my career takes off for 2 i have the same strategy for the third they dont call me king spock for nothing
My strategy: Don't buy. Don't get mixed up in this. Although I have a gut feeling that this coin could take off in the secondary market, at least initially. Or the gut feeling could be last night's salsa.
This coin will double after it goes off sale. If it doesn't, I will gladly buy back anyone who wants to sell theirs for $1,189. I see this coin settle in the $2,500 range by summer 2010. Bookmark this thread and check back in 16 months.
Andrew, May I ask you why you see this price appreciation for a Modern "Bullion Version" of the Original? Just curious as to your assumption that this will be something more? I saw this on the 2006 Anniversaty Gold Set and it has settled down quite a bit! Do not get me wrong, I once collected all the Eagle coins, you pay through the nose on some of them and when you sell, well they are just bullion... I am under the impression there is no limit on the Mintage?? Regards, RickieB
So if we sell our house trailer and buy one of these, you're telling me that in one year we could buy a house trailer that is even nicer plus put an extra flamingo out front?
Spock.....you have been around long enough to smell the cheese?? Be careful my friend....everyone and their brother will want one of these. The Anniversaty Set was at least limited to 10,000, these will easily go way beyond that!! RickieB
i dont sell coins anyways so i wont make a profit but i like the design. i was supposed to buy 11 of these as a gift but sadly it doesnt look possible at the moment but life is strange isnt it ?
I know some make a big deal out of this being a "modern bullion" but what does that mean? really. Does it mean this coin aint worth a darn or only worth spot? That's naive to say the least. I think this will act like the 2006 gold reverse proof which would be in the $2,500-3,000 range. It's a modern version but it's not a replica, it's an interpretation. It's new and improved, a thicker planchet, new technology with a limited release. WHile true these will be minted to demand but who knows how many they will make? No one knows for sure but an educated guess is not that many. The economy is tanking and has yet to bottom out. It will take 6-8 months for any stimulus package to get going. Gold supplies could repeat the last half of 08. Not many folks will able to afford these, that might normally would. Sure, it could all be smoke and mirrors and nothing is for sure but I'm betting that in hand this is a beautifual piece of numismatic history and I hope to be rewarded for taking the chance, so, I'm in on this one. I was in on the 2006 gold reverse proof and that has not disappointed one bit.
I would hope that your trailer would be worth more than $1,200. If not, do not sell. It's not worth the risk of a good flamingo.
Interesting prediction. Only time will tell. If they do make 50,000 of these, atleast it will make a nice paper weight ...lol. I have no doubt that there will be a long..long...long waiting list but it will be interesting how many actually get made. That's why it's CRITICAL to get in line tomorrow to save your place and hope that you get yours by August. PS. Here is a real life example to illustrate my hypothesis. Yesterday was the inauguration. The Inaugural Committee printed and distributed 240,000 tickets, yet even if you had a ticket, you weren't guaranteed a place. While the list of potential buyers of the coin will be long, that doesn't guarantee a coin. The plight of the Purple tunnel people: http://www.youtube.com/watch?v=Oj63nz-DiaM&feature=related http://www.youtube.com/watch?v=YqJVuPayi9Q&feature=related
I have two real St. G's (No Motto and Motto). No, neither is a High Relief, never mind Ultra High Relief. But together they cost me only slightly more than the price of this new release. And they were produced as business strikes; coins made for circulation. The bottom line is that these new coins, as beautiful as they may be, are really only bullion coins. Buy them as collector items, not as investments.
Thanks Andrew. I think the trailer market is down right now, so we'll sit tight. Serious question--is the mintage quantity pre-determined, or can the mint produce more coins as the orders start coming in? Is there a waiting list so they can gauge demand before they determine the amount they will actually produce in the end? Based on the way the economy is going, I'm guessing that if they have a pre-determined figure, they are shooting low, but if they wait to see how many orders they get, the production will be high and this will be a bad investment. Is this correct? My husband wants to buy gold at some point, but I feel like we're wading into deep water without our swimmer floaties on.
Excellent advice. From time to time, we all need to be reminded that coins are not investments. If your coins happen to appreciate, all the better but coin collecting is a hobby. If you want to "invest" in precious metals, buy bullion. Bullion can be purchase from your local bullion dealer. The mint does not sell bullion. Bullion does not come in a fine mahogony box. Bullion comes in plastic tubes. The Mint sells collector coins to collectors.
Good questions and I don't know all the answers but, I understand that this coin will be minted to demand. Which generally means that they will mint as many as they take orders for. I'm guessing that when they start taking orders tomorrow, the names will go on a list and they will ship out as the coins are made to the folks that have ordered them. No one really knows how the mint operates, though. As Kanga is correct to point out, this is a collector coin. Whether it has a low mintage or high mintage is unknown. Whether it will gain value or lose value is also unknown. It's a big gamble. It could go either way. I can understand your and your husbands interest in buying gold but I wouldn't rest any hopes and dreams on this particular coin. I'd search the forums and read the volumes of threads that offer different perspectives from the other forum members that have offered to folks who want to get into buying gold. There is a wealth of knowledge here and there are a lot of decisions to be made when deciding to wade into the pool. You have to decide if you all want to "invest" in precious metals or if you are interested in "collecting" a particuler gold coin series. You need to determine your monthly budget. Do you want to buy 1/2 ounce coins or 1/4 ounce coins or just the big 1 ouncers. Do your research, ask alot of questions in the forums and get a good knowledge base before you dive in. That would be my advice.
I don't see these appreciating much above the spot, but who knows. I think they'll be too many made to be considered low mintage. The problems with gold last year wasn't a shortage of bullion, but rather a shortage on people to make the plamchets. Gold is everywhere and not in short supply by a long shot. It'll be a neat coin to own just to have one, but I don't see much investment potential. Guy~
I think since they have a household limit on these the initial prices for these coins will be high and as the year wears on the prices will probably drop. My guess is any mintage over 25,000 will drop prices considerably from the initial aftermarket prices.