2009 ultra high relief double eagle unciruclated gold coin

Discussion in 'Bullion Investing' started by elaine 1970, Jan 21, 2009.

  1. elaine 1970

    elaine 1970 material girl

    prosperity set - 7,360 (will sell out this week)

    UHR double eagle - 45,420 (continue selling until every collector has it)

    2008w am eagle 1/2 oz. unc. - 13,718 (very near sell out, part of prosperity set and single 1/2 oz).

    2008w am buffalo 1/2 oz unc. - 16,960 (will sell out this week, part of prosperity set).
     
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  3. Argento

    Argento Perplexed

    EDIT: Actually, I just updated the original thread with your new mintage stats.

    http://www.cointalk.com/forum/t45697/
     
  4. SirCharlie

    SirCharlie Chuck

    Thank you Elaine. Then that Prosperity Set will end up being worth some bucks, especially if you have it and keep it in the original mint packaging.
    I'm glad that I got in getting my 2008 $50 Buffalo proof and the 2008 $50 Gold Eagles early. They just may end up being one of the keys to a set.

    You are also right about this UHR and all the to-do about it. Unless they do run out of planchets, it will end up being just another bullion coin, and abundant just above spot price. What a shame for such a neat coin. I'm telling my age here huh, saying neat, ha. kewl.
    Chuck
     
  5. SirCharlie

    SirCharlie Chuck

    Thank you very much Elaine. That was a great idea. Hopefully I will still get it before they are all gone. I placed my order for the Prosperity Set today. I've had several people tell me that the Prosperity Set is much nicer than the regular ones. There are fewer minted, and coupled with the fact that most people that order them don't want the Mint packaging, and will ditch it, I'm thinking all original will be worth big $$$ if it's kept all original. I may not even open the box.
     
  6. FreakyGarrettC

    FreakyGarrettC Wise young snail

    With your numbers I think the plain 2008w AGE 1/2 oz. will jump in price a lot.
     
  7. elaine 1970

    elaine 1970 material girl

    UHR double eagle - 47,999

    prosperity set - 7,751 (sold out)

    lincoln proof - 116,558

    lincoln unc - 61,164
     
  8. maksimfa

    maksimfa New Member

    1/3 of the lincolns now sold out... in a week, nice.
     
  9. ikas

    ikas Junior Member

    You are also right about this UHR and all the to-do about it. Unless they do run out of planchets, it will end up being just another bullion coin, and abundant just above spot price. What a shame for such a neat coin. I'm telling my age here huh, saying neat, ha. kewl.
    Chuck[/quote]


    I don't believe the UHR will ever become "just another bullion coin". These are extraordinary times... gold is in great demand, and the Mint can't get enough gold... witness the 2nd half of 2008. I would predict that the UHR of 2009 will always be a highly treasured collector's item.
     
  10. ikas

    ikas Junior Member

    Most interesting.... gold is trading above $970, and yet the Mint did not revise the price of the UHR upward according to their schedule. Theoretically, should now be selling at $1339. it's still posted today at $1289. Does the right hand know what the left hand is doing?
     
  11. maksimfa

    maksimfa New Member

    Wasnt it the average price of Gold over the week?

    Anyhoo, CPI numbers come out tomorrow and they will likely read negative... Gold/Silver has backed off today, and tomorrow's deflationary numbers may start the trend down by bursting the bubble gold has been sittting on.

    Gold will be quite high towards end of year or as soon as signs of economy starting to recover, and there is any actual industrial demand for it.... In the short term.. :hatch:
     
  12. pbryan

    pbryan Member

    I'm curious about this too... According to the mint's pricing grid:
    "*The new pricing methodology is based primarily on the London Fix weekly average (average of the London Fix prices covering the previous Thursday A.M. Fix through the Wednesday A.M. Fix) gold prices, which reflect the market value of the gold bullion that these products contain."

    Last week's London A.M. Fixes:
    Th. 2/12 : $944.00
    Fr. 2/13 : $939.25
    Mo. 2/16 : $943.00
    Tu. 2/17 : $962.25
    We. 2/18 : $964.75
    Average = $950.65

    That should bump them into the next pricing level ($950 - $999.99). But it hasn't yet. When do they update the prices? Or is the key thing here the logic is "primarily" based on the London A.M. fix average, and some other factor is keeping it in the $900 - $949.99 bin?
     
  13. SirCharlie

    SirCharlie Chuck

    Here's one better for you pbryan, why did they just hit my CC for $1189 for my UHR? It has fallen off the pending before, and now has been added back @ $1189 again.
     
  14. matt37

    matt37 New Member

    great

    well just recieved an email from the mint both lincoln dollars have been
    shipped but no uhr. So im assuming the shipping is not an issue.
    We will see what happens today.
     
  15. elaine 1970

    elaine 1970 material girl

    will the mint just declare UHR double eagle sold out at 50,000 mintage because of lack of blanks.

    the last 2008w am eagle 1/2 oz will be sell out very soon. hurry to grab one...
     
  16. ikas

    ikas Junior Member

     
  17. breakintheweb

    breakintheweb Senior Member

    pbryan,

    You are neglecting the PM fix price in your calculation. Notice the mint's release said "(based on the average of the London Fix prices covering the previous Thursday A.M. Fix through the Wednesday A.M. Fix)".



     
  18. pbryan

    pbryan Member

    I had thought about that, but the wording is somewhat ambiguous. If you include the PM fixes (excluding the Wed PM fix) the average falls to $949, so that could be it.

    Seems strange that a Wednesday PM fix will never be used in their calculations. That may distort their view of the true weekly average price of gold somewhat as a Wed. afternoon spike or dip won't be included in their average. In fact for the last period, if the Wed PM fix was included (to round out a full week of AM/PM fix prices) the average would be greater than $950.

    But, I suppose it's still better than the old method...

    --Paul
     
  19. elaine 1970

    elaine 1970 material girl

    i think the mint want to freeze the prices. since the sales last week were not so great. they should have authority to do that in either way. that means the price of gold go down heavily. the can freeze at a higher price too. that is business. what is your comment on this. thanks.
     
  20. ikas

    ikas Junior Member

    Can't agree to that... the Mint's recommendation to coordinate the price of the gold coins to spot gold is appropriate. I don't think the Mint could or should seek to influence influence the price of gold.
    Never interfere with free markets.
     
  21. Argento

    Argento Perplexed

    The price of gold is not governed by a free market. Not even a sorta, kinda free market. It's called the London Fix for a reason. While there is a difference between spot and fix, fix is the boss.
     
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