Discussion in 'Bullion Investing' started by elaine 1970, Jan 21, 2009.
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They're all pretty to me!
It's not really that a low mintage (115,178) when you compare it to some of the first spouse gold coins that have mintages of 5,000 to 10,000. I think that it's just beautiful and historical.
The same thing happened with the 2001 Buffalo Silver Dollar which also is not low mintage (272,869) but likewise sells for a big premium over melt.
I think when you are dealing with these historical coin designs, the demand is a lot higher than normal (as compared with some of the homely modern (and sadly boring) commemoratives that nobody seems to really want).
And like they always do, they minted more UHR $20s than they could sell and purportedly did melt those remainders down. I read that in one of the coin blogs a while back, but can't find the figure. It was pretty significant how many beyond the 115,178 sold that they melted. Such a waste and shame to produce them, store them, then melt these fine looking coins. I guess all the boxes, books, etc. get incinerated too.
I wish I could find that article again where I read the figure they had to melt down for other precious metals coin programs use. Coin News? Mint News Blog? Numismatic News? Coin Update.... so many sources to sift through.
Yup, I hear ya. But future generations may think otherwise. Time will tell. There used to be contemporary complaints about the reverse of the Morgan Dollar looking more like a buzzard than an eagle. My, how times have changed......
I know what you mean. Mint sets anyone??? :|
Ouch Vroomer. Don't remind me. But we do have fun collecting don't we? Them Morgans o' yours is lookin' mighty sweet of late.....
Just wait. I have my 2009 UHR in for grading with the PCGS now and my 2007 Jefferson's Liberties (proof and unc). We shall see.
Just got my UHR back from the PCGS and she graded MS69. Keeping her in the collection.
BUMP this thread one time. This is such a great record of the rise of gold prices entwined with the history of the 2009 UHR Double Eagle.
It's interesting to read how folks felt about the price of gold...way back then. :grandpa:
And shoot, it's been that long?
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