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<p>[QUOTE="Juan Blanco, post: 1589543, member: 41665"]Ya I remember looking at this coin back in the Summer of 2009: HUGE PREMIUMS, ordered from the Mint (~40% all incl.) For clients wanting longterm bullion, I specifically warned them away from this and that egregious markup. They bought cheaper Maples instead. </p><p><a href="http://www.coinnews.net/2009/11/08/2009-ultra-high-relief-gold-coin-values/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.coinnews.net/2009/11/08/2009-ultra-high-relief-gold-coin-values/" rel="nofollow">http://www.coinnews.net/2009/11/08/2009-ultra-high-relief-gold-coin-values/</a></p><p><br /></p><p>Pay Spot + over $1,000." for this coin? Well, a fool and his money are soon parted. Today, best price, 2009 UHR is certainly nowhere near "$1,000. premium" (+59% premium over Spot??!) The 2009 Ultra High Relief Double Eagle (w/Original Box and CoA) is readily available from Provident for $ 800. over Spot (pay more) and it's auctioning (or BIN) on eBay from Top-Rated Sellers for just <b>$575.- 600. over Spot</b> (pay less.) </p><p><br /></p><p>That's still a ~34% Premium - way too high. The premium has fallen at least 25% by this Quarter, within 3 years. Recently completed auctions show the coin selling for ~29.6% over Spot. So check the collapsed 'numismatic premium' for that gimmicky coin three years from now, when Gold is either >$2,800./ozt or, conversely (in another deflationary burp) Gold plunges -25% <i>again</i>. </p><p><br /></p><p>Don't believe putative 'numismatic value' will surge here: <i>most </i>modern PM coins are overpriced, hyped bullion. Caveat emptor.[/QUOTE]</p><p><br /></p>
[QUOTE="Juan Blanco, post: 1589543, member: 41665"]Ya I remember looking at this coin back in the Summer of 2009: HUGE PREMIUMS, ordered from the Mint (~40% all incl.) For clients wanting longterm bullion, I specifically warned them away from this and that egregious markup. They bought cheaper Maples instead. [URL]http://www.coinnews.net/2009/11/08/2009-ultra-high-relief-gold-coin-values/[/URL] Pay Spot + over $1,000." for this coin? Well, a fool and his money are soon parted. Today, best price, 2009 UHR is certainly nowhere near "$1,000. premium" (+59% premium over Spot??!) The 2009 Ultra High Relief Double Eagle (w/Original Box and CoA) is readily available from Provident for $ 800. over Spot (pay more) and it's auctioning (or BIN) on eBay from Top-Rated Sellers for just [B]$575.- 600. over Spot[/B] (pay less.) That's still a ~34% Premium - way too high. The premium has fallen at least 25% by this Quarter, within 3 years. Recently completed auctions show the coin selling for ~29.6% over Spot. So check the collapsed 'numismatic premium' for that gimmicky coin three years from now, when Gold is either >$2,800./ozt or, conversely (in another deflationary burp) Gold plunges -25% [I]again[/I]. Don't believe putative 'numismatic value' will surge here: [I]most [/I]modern PM coins are overpriced, hyped bullion. Caveat emptor.[/QUOTE]
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