2009 ultra high relief double eagle unciruclated gold coin

/// I agree! in about 20 years or so $1389 will seem like a good price!

 

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the best price you can get right now:

8-8-8 prosperity set - $2,200.00 - $2,400.00

UHR double eagle - $1,389.00 from the mint.

so prosperity set is better than UHR double eagle.

 

Not getting the logic Elaine. Prosperity set contains one ounce (two half ounce coins) and the UHR is one ounce. Why would I want to pay more for two 1/2 ounce coins in very pretty packaging?

 

Apples and oranges elaine... especially for a collector who may already have the 8-8-8 set and needs/wants a UHR for their collection, who may or may not even have a budget to consider. A physical bullion investor (non collector) would see little difference in these other than price for metal content, such as the mintage numbers and the "W" on the 8-8-8 that you monitor/determine values from.

The investor wouldn't pay numismatic values for the 8-8-8 "W" coins based on their actual weight to that of the UHR: 2 half ounce coins in the 8-8-8 set (the Buffalo is 24k and the AGE is 22k) to a single full 1 ounce coin (UHR is 24k), which includes investor reasoning in difference of metal content. I don't think you could convince an investor to buy these collector 8-8-8 sets. Some investors may pay the Mint premium on the UHR but even at that may not wish to pay the Mint premium when looking to acquire physical bullion.

You're message just sounds unclear suggesting to a bullion investing thread to pay nearly twice as much for a numismatic item (the 8-8-8 set) when they could buy two one ounce 24k bullion coins for a touch more. Given the pull back this past week in gold, should that continue and hold, the Mint may even lower prices on their products. In the future the bullion UHRs on the secondary market may retreat to bullion prices with lower premiums where an investor might pick them up, while the 8-8-8 perhaps could continue to rise or maintain its numismatic value.

I think you are crossing up your audience of collectors and investors for whom you are dispensing this advice. As well your established biases for certain products, decisions when and when not to buy Mint products, desire to see PMs rise to recoup your much older Mint product 'investment' losses in collector PM coins from the Mint all this despite only being a buyer and not a seller.

 

When it's all said and done, if you timed it right, the UHR was one of the best short-term investment the Mint has ever produced. Maybe the single best when you consider it's been available the whole time, if you were tricky.

Conservatively, there was a 400% return just for taking delivery and selling. Sometimes more, sometimes less, but this coin was ripe for the taking in the first couple of months.

The long-term value of the UHR will be determined more by its demand and popularity than the mintage.

 

.......And this coin has the popularity and demand to ultimately drive up prices long term. And relatively speaking....this is still a low mintage coin.

 

Hey Argento,
Yep, timing and demand is everything. It doesn't have to be gold.
Lincoln Cent - eBay Item # 270458046524
8 hours to go and it's at $3,850.00 right now. That seller must be making a mint.
The future might look just as bright for silver as well.
If we could only see into the future . . .

 

Right. But in my biased opinion the 8-8-8 set is the most beautiful coin display that I have seen in my limited experience. I think the special effect is created by the contrast between both the color and style of the 22K Eagle and 24K Buffalo, enhanced by the display box which is a deeper red than other Mint boxes. The burnished hardware on the box adds another sense of texture to the burnished surfaces of the coins. I find it creates a greator sensory impression than any of my other sets. I just wish there was a proof version.

 

Just something that I was thinking/curious about and wanted ask at this point, were the same fractional coins of the 8-8-8 set available for sale separately at the time of 8-8-8 sets being on sale in 2008? Couldn't anyone 'create' an 8-8-8 set? Let's say someone sent out their coins from an 8-8-8 set to get the coins individually graded then sold the packaging (as you can often buy empty boxes / coa on secondary market, ebay, etc. from other packages) or swapped other fractionals of the same coins into the 8-8-8 packaging and kept or sold the set. Is the 8-8-8 packaging driving numismatic cost of these or just the low mintage of the "w" fractions from 2008? I can't recall what was available at the time, etc. If this is so then what's the current difference of selling these fractional gold coins together or separately without the 8-8-8 packaging. Does that make sense? Please let me know if someone has any ideas about this. Thanks.

 

What you are stating could be a possibility Krispy. Wouldn't be the first time something like this was (could be) done....

 

Chris, what you say is true, so if I am not mistaken, this is why you must send your coins to the us mint in their unopen box in order for it to be designated as such. For instance..... when the 3 coin ASE and AGE sets came out in 2006....if you opened the box to look at the coins then sent them in to be graded as the 20 year anniversary coin, they would only slab the reverse proof as such, but the reason that was given to me was that dealers could go out and essentially cherrypick the best proof and unc eagles and send them in claiming they came from that set. There was no way to prove whether they were from the set or not so therefore, the TPGs would not designate them as such. You absolutely had to send the unopened box into the TPG and they would slab the coins accordingly. This was the same for the buffalo/AGE set as well since you could very easily cherrypick from seperate purchases and they take the best and submit it as the 8-8-8 set. Hope this helps.

 

why 8-8-8 prosperity set is way up?. because it contained two pc of 2008w fractional 1/2 oz gold. one is am buffalo and another is am eagle. and those two were up significantly. or else during early days. 8-8-8 set seem no body like it. it only sold 7,751 set. and these added to the already few 2008w fractional 1/2 oz gold. check cdn latest newsletter and also check ampex.

 

So it's really not the 8-8-8 coins in original Mint packaging, it's the individual 2008-W fractionals themselves as you've been saying all along that are numismatically up and good 'investments' due solely to mintage stats. The packaging has little to do with value here because the 8-8-8 sets and the coins themselves were available for sale at the same time during 2008, and for a decent price early on in 2008. But if it's the packaging which is key to greater resale value, then it is worth buying empty 8-8-8 boxes, even for $39.99 + $10s/h = $50, see ebay here and assembling them as an 8-8-8 set as opposed to selling the coins separately. Still, to me, something about packaging and the coins numismatic value doesn't seem like it will hold value over time just because of the original 8-8-8 Mint wood box is retained. Seems in time the only focus will be the coin(s).

I'm still not clear about your 8-8-8 vs. UHR logic...

 

Thanks Joe, that's a perfect example.

Here's an 8-8-8 set eBay auction that just ended with sort of the same idea that I was inquiring about, and in Elaine's value range as well.

 

to krispy: you see that the 8-8-8 prosperity set worth right now. and the UHR double eagle still at $1,389.00. the original 8-8-8 price is only less than $1,100.00. i think it fluctuated between $1,025.00 and $1,075.00. and now it is over $2,000.00 a set. that is the different between UHR and 8-8-8.

honestly speaking. 8-8-8 is really not better than UHR double eagle in term of collecting. 8-8-8 is very lucky. because it contained two fractional (W) half ounce gold which really take off. maybe what the chinese belief 8-8-8 is really lucky and prosperity.

 

Yeah, it's definitely not luck/superstition, that's some people's bias for promoting the 8-8-8 set. The packaging hasn't anything to do with it really, even you know that, look at the mintage figures of the individual coins which you post about often, they're very low and the return on investment for these coins can be very good since they sold at a good price when originally on sale from the US Mint. The 8 is just a symbol, and one heavily marketed upon in 2008 (and not only for selling coins, it was a 2008 Beijing Chinese Olympics year that heavily used the 8 as well, and Chinese GDP is also often wishfully forecast to be 8%!) therefore it's not a reasonable factor in numismatic nor bullion value and shouldn't cloud the difference between any coins in comparison either. It's whether or not you trust or allow marketing and symbolism to factor in, the packaging is superficial.

 

Elaine, I tryed to PM you but couldnt do so. I was hopeing you could give me the mintage numbers on the 2004-W Proof silver eagle? I just picked up one in a PCGS holder marked PCGS PR70 DCAM for $45.00 and am trying to get some info on it. THANKS!

 

http://silvereagleguide.com/mintages/

 

Man you're quick......

 

THANKS for those numbers! WOW! over 800,000 minted in Proof thats alot!. I found out the PCGS one I just got had numbers listed 500/0! that cuts it down a bit! I guess it might be worth the $45.00 I paid for it!