2009 uhr double eagle ????

The UHR and the Buffalo are not coins, they're bullion. Personally, I'd use the whole $1200, or whatever, and buy real coins.

 

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They are real coins. They've been monetized.....:smile

 

I agree my numbers are very speculative but, how many people do you think would wade in the blistering slowness to place an order for 2009 Kennedy halves :mouth:

 

I wonder how many people aren't aware that you can buy the coins from the mint.

http://shop.ebay.com/?_from=R40&_trksid=m38&_nkw=2009+Ultra-High+Relief+Double

completed listings are ~ $1700

http://completed.shop.ebay.com/items/__2009-Ultra-High-Relief-Double_W0QQ_nkwZ2009Q20UltraQ2dHighQ20ReliefQ20DoubleQQLHQ5fCompleteZ1QQ_dmptZCoinsQ5fUSQ5fIndividualQQ_flnZ1QQ_trksidZp3286Q2ec0Q2em283?MA2ShowItems&guest=1

 

Just re-visited the mint web site. Clear sailin' now. Breezin' right through all the options......okay, I spent enough for one day.

 

:kewl: Although there is a "value" imprinted on the Mint's bullion coins, nowhere in the Mint's advertising do they refer to any of the bullion coins by their "face value". They are only referred to by their bullion weight. Furthermore, their selling cost is totally independent of the "value" imprinted on them. The only reasons that they have been given a "value" is so they can move across national borders without the taxation that would be imposed on strictly bullion pieces, and to appeal to collectors who are more likely to collect something called a coin as opposed to bullion.

:loud:Coins have a fixed value which is imprinted on them. This value is guaranteed by the issuer regardless of what they're made from. Bullion "coins" may have a token value imprinted on them but their true value is based solely on the intrinsic value of the metals from which they are made.

:thumb:If you want to pay a 50% premium for gold bullion that someone calls a coin, please go right ahead and do so. I'll stick to collecting real working coinage, and bullion at spot plus 3 to 5%

:whistle:Finally, real pre-1933, St.Gaudens' coins are available for the same price or less. If I were going to drop that kind of money on a gold coin, I'd get the real deal instead of something that just looks like it. High relief? Small size? Looks like a game token. I'm not impressed.

 

You go your way David and I'll go mine.....:smile

 

Arrghhh, Stupid heating. Finally saved up the money, then gas company sends me a bill for $974. Heat or a coin? I'm goin with heat and gonna try and talk my dad into getting one instead.

 

Know the feelin' all too well buddy. Good luck with Dad......:smile

 

Yes, but we are not talking about just any pre 1933 St. Gaudens.... there is only one type that can be considered UHR.... and trust me, you can't get those for $1200.

 

Thanks. He stopped by and told me to call him later with the website as he is running errands. hya:
Saw your post too. Better to be alive and warm than buried with a gold coin.

 

Mine says backordered 2/6/09

 

Have they? The one of the arguments about the 1933 double eagle was that they were never monitized because they were never received by or distributed by the Federal reserve and were therefor never monitized. I don't think the Fed is receiving any of the bullion coins or distributing them. So how are they being "monitized"?

 

Frankly, I've got a different 'M' word for it. I think they're being Marketed in the old, classic way.

"The 2009 Ultra High Relief Double Eagle Gold Coin will be produced and orders fulfilled, subject to gold blank availability. To ensure the broadest and most fair product access, a household order limit of one (1) coin is currently in effect. The household order limit will be re-evaluated on a weekly basis and the United States Mint will either extend, adjust or remove the limit as needed."


Are they being honest? Who knows? To me it would appear they could be trying to create a stir and maybe even un-needed panic, playing on people's fears. Trying to move product.

There's no way of knowing what they have or what their intentions are. But look at this board. It's lit up with people talking 'back order' which is inciting panic and making people question whether or not they need to order one now too.

Let's face it. There's already "X" number of people who are going to buy one. They have these people's money locked in no matter what propaganda they put out. But the people on the fence....there's the people who need to be targeted. The people who may have otherwise waited.
So how do you nudge them over the fence? Create panic. Make it look like these will run out early and maybe not everybody will get one. All these people who may have waited and ended up not buying one down the road, now are buyers out of fear.

It costs them nothing to use this tactic. They can lift the order limit in April, May, July, whenever, and let all the bulk orders flood in then. Now is the chance to incite panic after last year's "planchet" shortage. Not bullion shortage. Planchet shortage. Which in this economic climate and for how long last years bullion products have been sold out, they should have been cranking out planchets like they never have before, in the past several months, in preparation for '09. There's plenty of people to hire to work around the clock and obviously the profit is there for the taking. So I ask why should there be a planchet shortage again?

People buying today took a 50/50 chance. Gold's either going to climb in the short term or dive. As my luck goes, as soon as I buy something, the price drops. As soon as I sell, it climbs. So I'll contently sit on the sidelines and see what this does throughout the year, as the price possibly changes *WEEKLY*. 2009 has 343 days left and there's no shortage of other coins to buy. We'll see how this pans out.

The long term value I think is there. Short term, I think it would be better to wait and see. Just my opinion.

As an example, the DOW was cruising along in the 14,000s barely a year ago. It dropped to 11k and people were telling me to get in while it's low! Very few imagined we'd see it settle back into the 7,000s to begin 09 (and probably getting worse).

Some unforeseen thing could send gold plummeting just as easily. We're still riding on a peak, lets not forget. Who knows? With manipulation and less people buying jewelery and other gold luxury items for a while, gold could take a bad hit this year as supply increases and demand goes down.
Did the main bullion investors get in, in 08? Or will more be flocking to it in 09? What if this stimulus package starts a recovery process in 09? What if the market starts creeping back up? People will panic! Large amounts of bullion will be unloaded to get cash back into the markets to catch the upswing, and gold could dive. Very volatile times we live in. I guess nothing would surprise me.

 

As it has been, so shall it be.

 

Via con Dios Amigo....:smile

 

The interesting thing about the blank availability being listed int he item description is that Coin World reported weeks ago that the Mint had received the blanks form the Perth Mint and were getting more from them and yet another supplier.

I doubted Coin World's article that quoted Michael White and bought out of fear today when I read 6-9 months possible waiting period.

 

Quite honestly Vess, I just wanted to be one of the first guys to get this coin. Panic and lack of so called availability never entered my mind....

 

3082**** was my order number so it looks like i am pretty ahead in the line lets see

 

sure u can ull just need $1200 worth of double eagles

very interesting thoughts.

Harvey will be proud