2009 Ultra High Relief Gold Coin now over $3000

Early Release though ?

Friend contacted the seller who said: "...This was a special coin that I held back after selling though 5000 High Reliefs since 2009 because I felt it was special. Only a couple months ago did NGC GRADE there First Deep Prooflike High Relief and this one is special because it is also an Early Release DPL."

 

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It didn't specify in the population report or at least not where I was looking in it. If there are only 24 total it is fairly safe to assume they aren't all ER

 

Which assumes, of course, that it is worth the premium over another MS-69 DMPL UHR 2009 that isn't ER.

I think there's some value -- some !! -- for DMPL vs. PL when dealing with MSDs. It might be a noticeable difference (might) on a modern coin like the 2009 UHR.

But if it is worth having, it can't be worth tens of thousands. Can't !!

Can it ??

 

Well, this listing says NO:

http://www.ebay.com/itm/2009-20-Ult...043511?hash=item1a0e4c7d37:g:16AAAOSwzgRWxfH1

Actually, it screams it. Slightly different label...same MS69.....DPL....NGC.....$35,000 difference for the Early Release moniker.

I wouldn't pay $35,000 extra if there was a videotape showing this coin as actually being the 1st off the West Point press !

 

Sure it could. Tens of thousands of them were graded and only 24 got DPL. 2100 got PL and 16k got neither from NGC. I can't find any sales history for a DPL though I didn't look that hard, but it very well could be worth a significant premium considering how few got the designation.

I already said I think it is priced to high, but I am not the target audience anyway. Time will tell with what they sell for. Regardless of what any of us thinks the ER is almost certainly sell for more, the only question is how much more.

Lol if that was the case I would bet money 35k wouldn't be enough to purchase that coin.

 

When the 2009 UHR gold coin was released, a few hundred were shipped immediately, but then shipment stopped. There was a delay of almost one month and the mint started to ship again. To get an Early Release or First Strike designation, that coin had to be in the hands of the TPG within the first 30 days of actual release. (Or post marked and unopened when received by these companies.) They did not delay this time frame to reflect the mints change in stopped shipments to those who even purchased on the first day or first hour of sales. I happened to be one of the lucky ones to get a new coin in time for this designation. None of the TPG's offered PL or DPL for the first ten months after release. They didn't inform any owners from the prior time period that this new designation was now being offered. I just saw it on the internet and called PCGS to see what happened. I was told I could resubmit my coin (new fee) and they would honor the first strike designation, but it could come back MS69 and not MS70. It may or may not be PL or DPL besides. What this means is very few coins were submitted to received all the bells and whistles on their label to get top dollar. I know I didn't chance it. FYI; I did sell the piece when gold was around 1850 per oz. and the 2009 UHR was still a hot item. I tripled my money selling it to a local dealer. He had a chance to sell it immediately for $800 over what he paid. He held off for more. The last time I was in his shop, it was still in his showcase.

 

B21, I just think that this an example of splitting the baby (the coin) by multiple designations to the point where nobody is going to care about the super-rare specimen even if they COULD afford it.

There's a natural rarity to collecting older coins -- a 1927-D Saint Double Eagle, for example -- but this rarity was created by a chance strike (PL or DPL) and a batch of early RECEIVED coins (they could have been struck weeks later than others, but they arrived by mail first).

If gold is at $1,250 I get paying $1,800 for a 2009 UHR in a box. I can even see paying up for an MS-69 or MS-70 that the TPGs encapsulated. And I can see paying double for a PL/DPL coin if you really like the finish.

I'm just not sold, even if it could be proven, that the ER designation is worth it. I saw a message board post elsewhere that in 2010 there were only 8 ER MS70PLs and one sold on Ebay for $31,000 at that time. Not a DPL just a PL which is available for alot less today.

 

Salty, your information jibes with what I have picked up....great story and congrats on the good timing of the 2009 UHR. I'm keeping mine for posterity.

 

Some will, most won't. The one thing that does hurt the DPL to an extent is the difference in quality between it and a PL or even a regular one with today's quality is not as great as it used to be.

ER is definitely worth it for the seller. Whether it should or shouldn't increase the price is a different conversation all that really matters is it does. I doubt whoever bought that one is overly concerned about money. People that can buy 30k+ coins have more than enough money to spend what they need to to get what they want. To them it would be like most of us buying a 100 dollar coin or a 1k coin.

While it wasn't 31k one did sell a month ago for just under 8k which is a substantial premium over the non ER versions.

 

2009 $20 NGC MS 70 PL ULTRA HIGH RELIEF Gold Eagle Coin

The MS 70 PL are selling in $3.500- $4.000 range

 

ER MS70PL, right ? That's about double what the regular PCGS and NGC Pls sell for right now.

But I do see 1 NGC DPL MS69 and it's under $5K, so the adding of the ER designation is increasing it 6-fold (at least the asking price).

 

Yes a NGC one and it was an actual sale on Ebay.

 

There's a few auctions right now where the bidding is much less than the asking prices on MS70PLs from both NGC and PCGS. Let's see where they end up.

 

If anybody is interested, there's an active bidding ending tonight for a 2009 UHR MS70 PL....these coins normally go for about $4,000 or so....asking prices on Ebay are usually about 10-15% higher but sellers are flexible.

http://www.ebay.com/itm/26229734992...38.l2649&ssPageName=STRK:MEBIDX:IT&rmvSB=true

Auction ends just before 10 PM EST. This is a PCGS graded coin, so it should sell for a slight premium to an NGC though I think for a modern coin that's ridiculous. Right now it's at $2,400.

I'm kind of surprised the current price is that low, but maybe there's gonna be a rush as we approach the auction deadline and it gets the price up closer to what is the recent FMV.

 

$3,725 for a 2009 Ultra-High Relief PCGS MS70PL:

http://www.ebay.com/itm/262297349922?_trksid=p2055119.m1438.l2649&ssPageName=STRK:MEBIDX:IT&autorefresh=true&rmvSB=true

 

Couple of MS70PL's sold in the last day or so.....1 NGC and 1 PCGS for $3,600 and $4,242 respectively....then another PCGS for $3,725 earlier in the week.

$100 or so premium for PCGS I can see (though the premium on modern bullion coins seems specious to me). But the $600 premium on the other coin is eye-opening.

 

Yeah, $3,250 a few days ago....and for a PCGS !!

http://www.ebay.com/itm/2009-20-Ult...707802?hash=item4d3f41061a:g:qK8AAOSwG-1WujkN

 

Yeah. Unsold at $3,250.

 

Good catch, Santini...I didn't see that there was a Reserve that wasn't met.

I'm surprised it didn't get sold or the bid higher. I would have thought higher prices would have been bid even if the Reserve wasn't met.

Will make upcoming auctions esp. for PCGS MS70PL's interesting. Wonder if the seller being in Europe meant anything bidding-wise.

 

Using a stock photo was a terrible decision by the seller for a coin hes trying to sell for thousands