2008 (w) american eagle uncirculated gold series

Discussion in 'Bullion Investing' started by elaine 1970, Apr 1, 2008.

  1. elaine 1970

    elaine 1970 material girl

    if you see the ad from mcm that one of your coin you would like to sell it is there. you can make 50% or more by selling that same coin at e-bay by adding mcm bid price + 50% mark up. maybe krispy can calculate it for us.
     
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  3. krispy

    krispy krispy

    I differ to think that most dealers got rich by cheating customers who didn't know what they were selling, especially customers with a product like this in hand and the idea to sell to a coin/bullion dealer. I don't think most dealers try to make their reputations nor risk them while undercutting the value of transactions to their benefit when buying from customers. Certainly they will buy back of bid and below spot on bullion but deceiving the value to a customer who might later realize the bad deal they got on a big ticket item wouldn't bode well for word-of-mouth recommendations from those customers to others.
     
  4. jello

    jello Not Expert★NormL®

    I know in a few more years the 2008-W 4pc set Buffalo's will go up 4 sure just look at the mintage #
    ???but 2009-W UHR still to soon to tell what that will do.
     
  5. krispy

    krispy krispy

    I think UHR will be a sleeper for collectors. It's a single year of issue coin plus most people called these just a bullion coin last year and didn't buy them or they refused to pay the Mint price after the increase from the original retail offering price when gold was climbing last year. This is too beautiful of a coin not to attract many collectors. The Proof Like designated UHR bring decent prices already and the graded examples in 69 or 70 are readily available but in time will disappear from the market into collections. There might be a market for lower end coins if their populations between 64-68 are lower than the number of those 69 and 70 grades out there. Keep the 2009 UHR in mind and an eye on collector interest.
     
  6. jello

    jello Not Expert★NormL®

    I agree!!!
    there is a few more older Gold coin made before the AME program in 81&82 . I was I had got the complete set of like the link below.I only got the Samuel Clemons 1oz & 1/2 oz.they were made for the mint but only and only sold to folk on the US mint mail order list back then.


    http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=360245182592&ssPageName=STRK:MEWAX:IT


    they are one hard set to put together.

     
  7. krispy

    krispy krispy

    Yes, I have seen many of the Mint Art Medals series from those coins issued prior to the Eagle programs that began after the 1985 legislation. In fact you can still pic them up without much searching, Apmex sells them a bit over spot as bullion coins: 1 oz gold medals and 1/2 oz. gold medals.

    I know there are the serious devotees to the First Spouse gold coin series but for the majority of collectors the FS coins are a dud. When I first saw the FS designs I thought of the Mint gold art medals series. I think there exists a danger of the FS coins, despite the low low mintages, becoming bullion like these medals down the road.
     
  8. jello

    jello Not Expert★NormL®



    I agree,but I hope I can find a few:thumb: before there melted :headbang:
     
  9. elaine 1970

    elaine 1970 material girl

    maximum retail price with complete box and certificate.

    06w AGE unc 1/2 oz mintage 6,075 - $1,950.00
    06w AGE unc 1/4 oz mintage 7,150 - $1,000.00

    07w AGE unc 1/2 oz mintage 5,180 - 1,950.00
    07w AGE unc 1/4 oz mintage 6,437 - 1,000.00

    08w AGE unc 1/2 oz mintage 5,209 - $2,400.00
    08w AGE unc 1/4 oz mintage 6,032 - $1,600.00

    08w AGB unc 1/2 oz mintage 3,237 - $2,700.00
    08w AGB unc 1/4 oz mintage 3,900 - $1,900.00

    08w AGB proof 1/2 oz mintage 4,666 - $2,800.00
    08w AGB proof 1/4 oz mintage 5,322 - $1,900.00
     
  10. elaine 1970

    elaine 1970 material girl

    with gold jump up another $50.00 recently. i see the 2006w to 2008w AGE unc prices will continue to adjust higher and higher.
     
  11. elaine 1970

    elaine 1970 material girl

    krispy. you mentioned about the gold medal one oz.and 1/2 oz. why is it apmex is buying below bullion value on gold?.

    apmex spot one oz gold bid $1,162.90 ask $1,163.90
    one ounce gold medal bid $1,117.34 ask 1,193.89

    apmex spot 1/2 oz gold bid $581.45 ask 581.95
    half ounce gold medal bid $558.67 ask 601.94
     
  12. krispy

    krispy krispy

    Perhaps because individuals cannot find buyers out there, distrust the offers from local retail dealers, so the bigger (online) bullion dealers are offering their typical below spot percentage. Those people in need of cash are willing to take what's offered, especially if they haven't got the kind of bullion that carries a premium or those collectors coins that cannot be sold with a premium on auction sites to other collectors or to dealers of numismatic coins. The art medals were never very successful and are pretty easily found selling for very little over spot price. The designs aren't so bad but most of the public has never heard of them and most collectors don't seem to care for them, much like the current issued gold FS coins. People selling the gold art medals are likely convinced they bought into something substantial but aren't being offered anything significant when they learn of the lack of popularity in a flat art medal collector market. It's just down to bullion minus a few percent.

    Elaine, how many gold art medal coins do you have in your inventory? Did you buy them when they first came out back in the early 80s before the Eagle program took off? I think there are a total of 10 designs of famous Americans right?
     
  13. elaine 1970

    elaine 1970 material girl

    apmex should have sell it on spot value instead of add so much premium on it.
     
  14. elaine 1970

    elaine 1970 material girl

  15. krispy

    krispy krispy

    Well those are all graded, all are BIN and all currently listed on eBay are unsold... the price could be anything but unsold they remain at those prices. Apmex gold art medals are not graded, but sent out to buyers in a plastic flip.
     
  16. elaine 1970

    elaine 1970 material girl

    even they sell it for $1,100.00 plus. they still make a lot of money. because during those years. the gold is way below $1,000.00.
     
  17. krispy

    krispy krispy

    assuming they bought it then at those prices and are just selling now for the first time, but there may have been those over the years who picked these up at or near spot prices when gold was at higher levels. the dealers selling them now aren't really moving any units of them and so aren't making much on them and wont' until they can. Some coins unfortunately should probably go to the refiner and returned to the market as bullion or supplied as blanks so we can get more of the coins people currently want, especially in these times of demand for PMs and limited supply of quality blanks for the Mint to produce their lucrative collectible proof or burnished coins.
     
  18. coinsider007

    coinsider007 gold digger

    i like gold medal produced from the mint too.
     
  19. elaine 1970

    elaine 1970 material girl

    during those years. i bought many franklin mint and sunshine mining bullion silver coins. at first, i plan to buy some american art gold medal. but i preferred silver. until 1995. that i bought many 5 pc. 1995w AGE proof set. again because the mint give away free silver dollar.
     
  20. krispy

    krispy krispy

    Now those are the ones you should cash in on! :thumb:

    p.s. did you zip up the front of your avatar pic or did a moderator do that?
     
  21. elaine 1970

    elaine 1970 material girl

    i did it. just learning how to do avatar. before someone did it for me. next is to learn digital camera and scanning. and finally learn how to sell thru ebay or other channel like auction. well. i am planning to visit japan soon.
     
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