Discussion in 'Bullion Investing' started by saltysam-1, Jul 24, 2015.
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Still available for order right now though so it's not sold out. All that back order means is the mint sold out of the stock they had minted. How many of those 35,000 coins were bought by collectors though and how many were bought by flippers and big dealers seeking to profit on reselling the coin? The answer to that question will probably determine how this coin does long term. My thought is it will be like the gold Kennedy up for a short period of time before dropping and eventually following spot price of gold.
Within next 2 yrs you can buy this coin for $100-$125 over spot gold.
I wonder why they made this coin using 3/4 oz gold?
I would've bought one had they made it a one ounce coin.
I purchased the American Gold Liberty for 3 reasons; 1. The design change; 2. The denomination; and, 3. The downward spiral of spot gold. I like the design, mainly because it is so different from previous designs. The denomination: To my knowledge this is the first $100 coin issued by the US Mint and as I for one like to collect "1st of issues". Though these days the Mint is making that practice more and more difficult to achieve with various series. Lastly, I have noticed the Mint unexpectantly discontinue sales for a few products when PM spot trended downward for a prolonged period. This caused the after market value of those products to soar and remain high.
With 1 and 2 having the most weight in my decision to purchase the over priced American Liberty Gold I must say if 3 happens, for once I will be on the, "I am glad I got it" side. Too many times in the past I did not purchase Mint products because logically, as a collector, they just did not make sense. This time I committed after I read the initial press release. Though I have to admit, this is probably it for me as far as purchasing gold products from the Mint for a while.
Thanks for all of the good information!
Welcome to CT DMac!
Sounds like you've thoroughly thought through the decision to buy this premium priced coin.
I agree. How do we get this message to the Mint?
Not like they'll care, look at the sales on this coin even though most of those sales were probably big dealers. This coins still approaching sell out which is likely to only support the mints decision to mint more 'modern' design by committee special offering coins.
What would you recommend?
To make the HR series complete.
a 1907 , the 2009 MS68PL - MS69 - MS70 - MS70PL
Order made 30JUL at 12:01PM and already here in Luxembourg.
Some problems with customs (they charge me Value Added Tax).
I complained of course. Will know more tomorrow.
On the invoice USMint just mention "American Liberty 2015 High Relief".
Doesn't mean anything at all for customs purposes.
Would be perfect if they could have put "legal tender gold coin with a purity
They do that quite often Sam.........telling you in an e-mail you're back ordered till December and two days later sending an e-mail that the product has just shipped.
Do you mean regarding designs? I would love to see designs similar to the statue of liberty silver dollar- better yet, the U.S. platinum series. That design is my personal favorite modern design, both, obverse and reverse.
It's hard to believe they are working in the dark this badly. Are they getting enough orders where they want to encourage cancellations? Maybe they want the smaller collectors to cancel so the bigger dealers have a chance of scooping up more? I don't see any benefit to guesstimates being wrong by this much.
Sometimes I see very good art work coming from them. But whom ever has the final say so, rejects them. After awhile you either join the approval board's thought process or you might find yourself replaced. Perhaps the problem is out of the artists control.
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