I hope gold dips below $1100 on the 29th, that's for sure. I for one WILL be buying this coin, maybe more than one. I think the design is actually a good one and I'm happy to see a new interpretation of Lady Liberty on the obverse. I bet this coins sells out on day one!
Reminds me of the reverse proof gold buffalo I purchased from the mint. Not the electric coin the 2009 UHR was. I am going to pass on this one.
I like the idea of a UHR coin, I like the design, I hate the price over spot. I'd get one but I am not taking the $400 dollar hit. My like it will be a hit and I'll be left with not ever having one, but that's ok. So many other options for $1500.
Glad the price came down right before release for the sake of those about to buy. What do people think about the potential numismatic value of this coin?
Basically zero. I don't think any other than certified 70's will trade at a significant premium in a year. Common-date St. Gaudens double eagles don't even have a significant numismatic premium (APMEX's price is $1370 for PCGS MS63 right now, compared to a melt value of $1057.) After the initial feeding frenzy dies down, these will drop to around $100 over melt for anything raw or graded less than 70.
http://catalog.usmint.gov/american-...l?cm_sp=HPA3-_-high_relief_gold_coin-_-063015 Household order limit of 50. I wonder how they came up with that number?
Like the 2009 UHR, with more than double the mintage? The one that's still trading more than 60% above spot? With an order limit of 50 (?!), and mintage of 50K, I wouldn't be a bit surprised if this is a quick sellout. I wasn't expecting that before they announced the (non-) limit. I'm tempted to speculate, but I'm not in a position where it would be wise to throw around that much cash right now.
The markup on the 2009 UHR was $300+, roughly the same percentage over spot. Folks who bought that coin did quite well. Still wish I knew which way this one will go.