How far can these coins go up?

American Eagle 20th Aniversary Gold Coin Set- Soldout in 24 hours!

From the mint: Orders have been taken that meet the maximum mintage level of 10,000 for the American Eagle 20th Anniversary Gold Coin Set. We will continue to accept orders in the event cancellations occur...

 

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Shill bidding ...

 

bidding start

so far the highest bidder for gold set is $3,100.00 up 18.8%

the highest silver set bidder is $175.00 up 75.0%

i told you before that the silver set will be faster than gold. it is always like that.

sorry, please delete all same post. thanks.

 

Ever heard of shill bidding? I see an one item for sale at a buy now for $149.95 and hasn't even sold yet. If it is such a screaming buy why hasn't anyone bought at at that price. Mint isn't even sold out and people are putting them on Ebay when delivery isn't until at least mid-October. Fools born every minute.

I bought 5 ASE sets myself. I like them. Maybe get a quick pop after they sell out from the Mint but the long term winner is going to be the 3 piece Gold set with only 10,000 Minted.

 

predictions

few more years from now. i think the am eagle gold and bufflalo gold will be down back to bullion value. just like the rest of yearly issue am eagle proof and unc version. while the 3 pc set am eagle silver coins will move up toward $1,000.00 per set.

 

Thanks for starting my Sunday with a really good laugh:mouth: I see the Silver set hasn't even sold out yet (I did buy 5 myself). If you want to go give me 500 bucks on a couple of years I will take it.

The Gold set sold out in less than 24 hours. Better tell those people on Ebay that paid 4000 grand for the set to stop it!

Keep hoarding those common date nickels now:headbang:

 

By the way this prediction wrong already. Not even close actually:
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"2006 20th anniversary amercian gold and silver sets. how far can these coins go up?. let's predict it.

for short term: three gold coins set: cost $2,610.00 my guess is $3,200.00 or 23% profit"

 

ist few days results from e-bay

ist few days results from e-bay shown:

gold set at $4,000.00 up 53%

silver set at $160 to $170.00 up 60% - 70%

shipping charge not included.

 

Tracy...I think from a comment like this you need to study the AGE series. I challenge you to buy any piece for bullion value...cant be done! Even the highest minted AGE sells for more than bullion value. Try to find a 1989,1990, and 1991 as an example at bullion..look at the 1/2 oz 1991 @ 1500 to 1900 in MS-67 to 69..

Better hit the books again my dear.:kewl:

RickieB

 

mintage figures?

anyone have the estimated mintage for american eagle:

gold 50.00
proof 2003,2004, 2005
unc 2003, 2004, 2005

silver 1.00
proof 2003, 2004, 2005
unc 2003, 2004, 2005

thanks

 

Well, of course they all sell for a slight premium. But I think she means that they will be at bullion value plus a small premium. And quite a few coins sell at bullion plus a small premium.

I don't think that will be the case though. 10k sets is quite limitted for the gold reverse proof. Additionally, I see no reason why the gold set would have no premium and the silver set would have a 900% premium. The main differences are mintage (advantage gold) and affordability (advantage silver).

 

mintages

10,000 for any gold coin is rather high. 250,000 mintage for silver is extremely low.

 

If you look at 2000 (the last year I have info in my redbook), the silver eagles had mintage of 600k proofs and 9.2M regular strikes vs gold eagles with 33k proofs and 433k regular strikes.

So I'd say the gold is still a smaller fraction of regular mintage. Still they are roughly comparable fractions. And if you went by historic gold to silver ratios (20:1), gold is again slightly underrepresented vs silver (again, only slightly).

 

tsk, you are right. time will tell us that which coin will go up faster than the other as follows:

1. uncirculated silver dollar with w mint mark, mintage: 270,000
lowest mintage: 1996 - 3,603,386, highest mintage: 1987 - 11,442,335

2. reverse proof silver dollar with p mint mark, mintage:250,000
lowest mintage: 1995 - 30,125, highest mintage: 1986 - 1,446,776

3. uncirculated gold with w mint mark, mintage: 30,000
lowest mintage: 2001 143,605, highest mintage: 1999 - 1,505,026

4. reverse proof gold with w mint mark, mintage: 10,000
lowest mintage: 2002 - 24,242 highest mintage: 1986 - 446,290

5. proof silver dollar with w mint mark, mintage: over 1,000,000
lowest mintage: 1995 - 30.125, highest mintage: 1986 - 1,446,776

6. proof gold dollar with w mint mark, mintage: 49,000
lowest mintage: 2002 - 24,242 , highest mintage 1986 - 446,290

 

TSK...no kidding?? I have been collecting AGE for 20 years now along with other gold. There are certain years 1998 and 1999 are the most common higher mintage AGE in uncirc. I think you are way off and again ask you to try to purchase them if you can find them for a small premium over bullion. As far as the new 3 coin sets...no one know whats going to happen but I feel pretty confident to say that there have only been a handful of gold 1 oz coins (double eagles) issued at 10K mintage or under take a look at those prices!
Also, the three coin set offers the 1 oz Uncirc with a "W" Mint mark first time in history! Reverse proof also first time in history...these coins are destined for popularity and much higher premiums. Time will tell...I am happy to say that I am 1 of 10 thousand people ever to own such a set!:kewl:

RickieB

 

Well, I'm a little confused here. I think you may be arguing over what I consider a "small premium" over spot. I am just trying to say that there are a variety of the gold eagles that you can buy and the only real consideration a seller has is the spot price of gold. He then ads some fixed amount to that. That amount tends to be a higher percentage for the smaller gold coins and a smaller one for the one ounce coins. There are a variety of places you can go and if you don't care particularly about the year, you can go buy 1 ounce gold eagles for maybe $25 over the spot of gold which is currently about a 4% premium.

Now, since you mention the 1999, I just went to eBay and searched completed auctions for the 1 ounce and I see the following prices on the first 3 auctions I came across (last 2 include shipping): 640+S&H, 658 and 668. I can almost guarantee you that the primary factor in the bidders mind was the price of gold on the day the auction ended. If gold was $50 less, I bet those prices would be about $50 less. I assume you could repeat the results with the 1998 coins also (and I'm too lazy to try it right now).

Again, I'm in no way claiming that the gold set will be selling at some fixed premium to gold spot (that was Tracy's claim).

 

Ok, I wouldn't dispute that. I read the following:

"There are certain years 1998 and 1999 are the most common higher mintage AGE in uncirc. I think you are way off and again ask you to try to purchase them if you can find them for a small premium over bullion."

and took that to mean that 98 and 99 cannot be purchased for a small premium over spot (something that 2 minutes of research showed me was false in the case of the 99's).

I also was not trying to argue that you can buy *any* AGE for a small premium over spot, just that many trade for a small premium over spot.

 

TSK...Doug is right on track. Not tryiong to argue with you or anyone for that fact. The examples I used 1998 and 1999 are two of the higher minted years for the series...granted these you can get for the modest premium you talked about. If you focus for a moment on the series as a whole and look at each denomination, year, mintage figures...you will find that the majority of these so called bullion coins carry quite a hefty premium! When I began the collection I noticed a trend within the first 5 years that the 1/2oz coin was by far the least minted coin. Be it the fact that the 1 oz coin is more desireable or whatever the case...the 1/2oz coin was always the lagger! If you were to persue putting together this series today I think you would be shocked to discover that the majority of the AGE coin from .50, .25 and .10 oz carry premiums..especially the roman numeral dates. As an example (I collect only MS and Prf 69 PCGS ) the 1989, 1990 and 1991 1/2 oz coins alone will cost you a small fortune. Now add the .25 oz in the same dates as well as the .10 oz. Just those 9 coins alone are a total shocker!

For me, they are not just bullion...they have developed collectability and starting to obtain numismatic rating on some issues. Add the .25 oz and .10 oz 1999 "W" uncirculated error coins and all th sudden the 11 coins have really escalated! For my collection these are the foundation as I have every one of them (some in multiples) since 1986. I missed the 1995 Special Set...but have been confirmed on the 2006 Aniv Set.

A few years ago I began working on the Platinum sets as well and have finished the .10 oz from 1997 to 2006 in both proof and uncirc. The AGE are the same way but still working on the proofs to complete the entire series (one day I hope).

Like you, I once thought of these as just a bullion investment...and once they were, but that is changing rapidly and if you have interest in these then you might want to jump on the wagon before the small premium jumps out of reach. Kind regards too all.....BTW look up some old post of mine on the pics of the AGE and APE's...

RickieB


RickieB

 

I predict the Home Shopping Network will be selling the ASE reverse proof MS69 for $300 and the 3-piece set in NCG multi-holders for $500