If they were being collected, there wouldn't be so many up for sale so soon. We live in a, "How much is this worth?" society now. People collect autographs to resell, not to collect. Not opinion, just observing the reality around us.
That's the problem, there are many for sale because they are not yet in collectors hands for various reasons. I'm sure the biggest reason is the high price. I'm guessing the prices will drop after the Holidays. Sellers won't want to sit on inventory.
That's really not true. There were 30k of them dealers and flippers were of course going to get some to sell. If they weren't being collected they wouldn't be selling as much There's plenty of excitment all around.
COA #16 got lots of bids and went for $14,000. But that was a few weeks ago, other COA low numbers going begging at higher and lower prices. $1,800 for a recent PF70 and just over $1,000 for a PF69. Appears prices are falling. https://www.ebay.com/sch/i.html?_fr...+reverse+proof&_sacat=0&LH_Complete=1&_sop=13 https://www.ebay.com/sch/i.html?_fr...+reverse+proof&_sacat=0&LH_Complete=1&_sop=16
In relation to your analysis, it seems there is a strong market for the coin ungraded and in the OGP.
Are those prices falling ? They should, if the PF70 and PF69's are showing weakness. Doesn't seem you need $2,000 to buy a PF70 anymore.
There currently have been 7139 sold and 792 currently for sale on eBay. So roughly about 25% of the total. I'm sure a lot of those are being resold after being purchased the first week for half of what they are selling for today.
Very widely dispersed,many will never see secondary market for years.ASE collectors who didn't get one will take wait see on prices and get one when dust settles regardless of cost .
It's a nice coin, But for the price?, give me gold. I have the 2016 100th anniversary 3 gold coin set, And to me, I rather have that any day compared to the same old eagle that possibly can aquire the milk spots. 30k really doesn't impress me. I was able to get one and sold it to Pinehurst. didn't want to go through the hell with ebay. I didn't even know til the last minute that coin was coming out. Mike selling them for $4400.00 in ms70. Gold baby gold... whatever makes your boat float.
'Slider'. I couldn't say for sure as I don't collect palladium. My feeling though, is that they'll be considered 'bullion' and only trade based on the current spot market. My advice is to collect these pieces (if you enjoy them) as additions to your collection and nothing more. The coin you mention is still for sale at the mint. They are also very expensive, and that expense turns a lot of collectors off. The rarity factor (30,000) is nonexistent because there is no demand for them.
Notice one PR68 being offered for $1,499 on eBay. That seller should go ahead and fire sale his coin while prices are up.
Hey, plastic surgery on the behind, highest facebook postings, talk-talk-talk, shyster companions, and it is still a bullion coin IMO, Jim
Not a bullion coin never was a bullion coin. Must just be trying to get people pissed off repeating that over and over
It's like saying a proof Morgan dollar is just a bullion coin. By that logic all coins are just bullion coins.
If it is not a bullion coin why does it have 1 ounce of Silver on the reverse? The Morgan and other dollar coins didn't have it, None had it until the ASE except for the Trade dollar which was later demonetized. Read the US Coinage act of 1965 to see what led up to the sale of excess silver and eventually to the mint selling silver to the public. The ASE was the government's way of allowing the sale of silver to the public at or above bullion value. From the mint https://www.usmint.gov/news/press-r...er-enhanced-reverse-proof-coin-on-sale-nov-14 About the United States Mint Congress created the United States Mint in 1792, and the Mint became part of the Department of the Treasury in 1873. As the Nation’s sole manufacturer of legal tender coinage, the Mint is responsible for producing circulating coinage for the Nation to conduct its trade and commerce. The Mint also produces numismatic products, including proof, uncirculated, and commemorative coins; Congressional Gold Medals; silver and bronze medals; and silver and gold bullion coins. Its numismatic programs are self-sustaining and operate at no cost to taxpayers. So you have a "Numismatic Product". IMO, Jim
If it is bullion why is it sold to the public when bullion is sold to authorized distributors ONLY of which there's only 5 or 6 in the US? Why is it a reverse proof? Why was it sold as a collectors item, priced as a collectors coin, given a collector finish, packaged as a collector item etc etc etc. It's not bullion period
I guess it doesn't matter what you call it if you value it as a collectable. I guess I'm old fashioned in the thinking that a coin is something that was designed to be circulated for commerce.