End of World War II gold eagle proof on sale Nov 5, 12 PM ET

Mint hasn't announced price yet, but if you get one, it will worth several times what you paid the next day. With only 1945 produced, only a lucky few will get one. Basically a can't lose, but very unlikely to win, lottery.

Cal

 

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Another case of the mint producing rarities intentionally. They should announce a coin, pre-sale it, have the money in hand and then set the limit. No more orders after that. At the same time, the vast majority of collectors have little if any interest in such releases.

 

They tried that with the 2012 Silver Eagle Set. Some people were happier but others were disappointed that the mintage was too high. It's not the easiest thing to decide because either way you end up disappointing someone (low mintage means those that didn't get it are disappointed while unlimited mintage means the prices while often fall after release and cause those that bought it to be disappointed).

https://www.coinnews.net/2012/04/27/2012-american-silver-eagle-san-francisco-two-coin-proof-set/

 

You are probably correct. I am not collecting modern commemoratives anymore so it doesn't really matter to me. Up until a couple of years ago I could say that I have every dollar and half dollar coin from 1900 to date (exception being the early commemoratives).

 

I don't, and never have collect modern coins. In my opinion, and only my opinion, this business of fabricating rarities and a lack of ingenuity in design has hurt the mint sales. I believe the Mint needs newer and fresher thinkers on board.

 

Only if you turn around and sell it. I don't collect to make money, so have no interest in trying to make a profit from something like this. I've sworn off purchasing from the mint for this very reason.

 

"...business of fabricating rarities..." A lot of people will disagree with us, but, I do agree with you and have stopped buying everything except proof and mint sets. Let others have the speculation stuff.

 

What they should do with this, and should have done with limited edition ASEs, is offer them to their customers that are on the subscription list for the series, for say at least the past 5+ years, so that true collectors of the series have the chance to get them. IMHO
Yes, I’m still bitter that I didn’t get last year’s enhanced ASE, despite the fact that I had it in my cart the second they went on sale, but couldn’t check out.
Don’t season ticket holders get first crack at playoff, etc... tickets?

 

Dealers hire scabs to buy household limits for them. I've seen some dealers with a hundred or more sets shortly after release.

 

Maybe they should be like the rest of the Government and just start doing whatever they feel will make them money, no rules no laws, no pushback, no oversight, or just make your own oversight with family and friends.
Thus they can do double die (On purpose) mi-strikes on wrong plantchet, etc. Then sell into the system under the name of the mint. Name of the mint in name only.

My Opinion they should, as with this coin set a limit per house, per business, and then offer a 5 day sale. Nothing after that.... Everyone gets a shot

 

1945?!?

Servers are going to melt . . .

And yes, I'll be one of the millions trying to hit this lottery. Historically, I've had good luck. Snared one of the 2011 ASE 25th Anniversary 5-coin sets (still sitting unopened in the Coin Closet nine years later), and both the 2019 ASE enhanced reverse proofs. Helps to get my (adult) daughter involved - cuts the odds in half. Although this is a whole other level . . . And if you cut infinite odds in half, they are still infinite.

 

same thing happened to me , still bugs me

 

Will soar early on drop in aftermarket

 

Yep, some do, and dealers also have a lot of collectors that buy sets and immediately sell them to them. So very shortly after a new issue come out the dealers have lots of them. (Evil dealers)

Of course a lot of collectors also have all their friends try and buy sets for them as well, and often they end up with a lot of sets. Some of which they then sell to the "evil dealers" (evil collectors)

In short we complain about the actions of the dealers, but then the collectors do the same thing on a smaller scale, because they don't have the money and resources to do it on a larger scale.

 

Have to admit this is another level price wise.... I can see people lining up to spend $100.00. What are the guesses on the price of the Gold one ? I figure Spot to be up $100.00 more. Even at $2k spot, this will list at $2950.00 ?

 

Yep, the rich keep getting richer and poor keep getting poorer. Falls right in line with just how corrupt our government is. No integrity whatsoever.

 

It's a good point. With this coin you'e going to have bullion value competing with collecting value. Imagine an ASE MS70 coin with a total mintage of 1945. How much would it sell for in the open market? Easily $10000. Maybe not $20000. Almost all of that price based on collecting/rarity value. Buy it from the Mint at $75 . . . like hitting the lotterry.

Here, however, we have a coin that I think the Mint will sell for at least $3K because of bullion cost. How much would it sell for in the open market? Maybe not more than (or as much as) an ASE with similar mintage, because there are a lot fewer collectors (not stackers) of Gold Eagles. So you can make a nice profit, but not like hitting the lottery like it would be with a $75 ASE with a total mintage of 1945. This coin would have to sell in the open market for more than $300K to get that kind of return, and that's not going to happen.

 

These are not 'collectable' coins. These are status symbols.

 

This is another example of the mint putting shaft to the collector to please the flippers. This thing is bogus from the start. If you want to celebrate the end of World War II, issue a real commemorative coin.

My advice is remember what the late First Lady Nancy Reagan said about drugs. "Just say NO!" and forget this thing was ever issued.

 

Amen John, Amen.