American Liberty Gold Coin

Discussion in 'Bullion Investing' started by saltysam-1, Jul 24, 2015.

  1. Svmyt

    Svmyt New Member

    This coin sold 35000 (out of 50000) units in 4 hours and then went back into back-order category. Folks were saying..?
  2. Avatar

    Guest User Guest

    to hide this ad.
  3. Blissskr

    Blissskr Well-Known Member

    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.
    GoldFinger1969 likes this.
  4. Svmyt

    Svmyt New Member

    You have good points. However, Kennedy half 3/4 oz gold piece is following the spot price, where?
  5. Dancing Fire

    Dancing Fire Junior Member

    Within next 2 yrs you can buy this coin for $100-$125 over spot gold.
    Mr Roots likes this.
  6. midas1

    midas1 Exalted Member

    "Kennedy half 3/4 oz gold piece"

    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.
    GoldFinger1969 likes this.
  7. Collecting Nut

    Collecting Nut Borderline Hoarder

    And how much over spot are we willing to spend to get this coin? The Mint has set it's price and gold continues to drop, for the short term. I know it will go up but the lower it gets the more over spot you pay. That's not good sense just to own a coin. There are too many other gold coins to choose from, nice older prettier issues.
  8. Themadhouse7

    Themadhouse7 New Member

    I also passed on this offering.I don't care for the obverse at all! The reverse is better.The cost is overpriced, and with 50 per HH most of the big dealers snapped these up to grade & flip,which is probably why the Mint put it in a cheap box because they didn't care about the collector or the presentation,So....why spend more on a nice presentation box.
  9. DMac

    DMac New Member

    After joining this forum some months back I am making my first post today. Though I have been collecting and studying for some years I find this forum to be a great source of relevant and informative postings.

    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!
    GoldFinger1969, green18 and medjoy like this.
  10. Daniel Jones

    Daniel Jones Well-Known Member

    I don't know who is hiring the artists at the mint these days, but I would fire them all! Come on, U.S. mint! You can do better than that! I am definitely not buying any more U.S. coins with amateurish designs on them!
  11. medjoy

    medjoy Active Member

    Welcome to CT DMac!
    Sounds like you've thoroughly thought through the decision to buy this premium priced coin.
  12. midas1

    midas1 Exalted Member

    I agree. How do we get this message to the Mint?
  13. Blissskr

    Blissskr Well-Known Member

    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.
  14. stewart dandis

    stewart dandis Well-Known Member

    What would you recommend?
  15. Roygbiv

    Roygbiv Member

    Had no choice than purchasing one.
    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
    of 9999".
    GoldFinger1969 likes this.
  16. saltysam-1

    saltysam-1 Junior Member

    I received a notice that my back ordered coin shipped today. It had an original ship date of 11/02/2015. Very interesting?
  17. jwitten

    jwitten Well-Known Member

    Interesting. My coin has one slight imperfection. Maybe I should send it back for a replacement... might still have time to get it graded Early release?
  18. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    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.
    saltysam-1 likes this.
  19. Daniel Jones

    Daniel Jones Well-Known Member

    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.
  20. saltysam-1

    saltysam-1 Junior Member

    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.
  21. saltysam-1

    saltysam-1 Junior Member

    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.
Draft saved Draft deleted

Share This Page