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<p>[QUOTE="Conder101, post: 188708, member: 66"]I know people are buying them, but how many of them are actually COLLECTING them. I think either a great many of them are buying for speculation and most of the people who DO actually collect them have already purchased them directly from the mint. I suspect there will be little long term market. Look at the mintages over the years, the premium the mint asked over spot for them when they sold them, and the premium over spot on the secondary market today. The early years had high mintages but the mintages fell steeply over the years because there just wasn't really that much of a real demand. The mint sold the proof for a significant premium over the gold value of the coins, but today most of them are selling for roughly the same small premium over the spot value no matter what the mintage was. Yes the RP has some potential but I don't think it is as great as many believe.</p><p><br /></p><p>Also in the fiures you quote you are comparing total sales of the regular proofs with just the number SLABBED in a particular grade. Look at your figures again. The 10,000 three coin set means there are 10,000 RP coins out there not 1,000. Or 25% of the total not 2%. Now how does the RP 70 pop compare to the regular 70 pop. That will give you a better feel for the actual percentage. And you will probably find that the earlier years regular coins have lower pops than the RP does. (I'm guessing, I don't follow the pops.)[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 188708, member: 66"]I know people are buying them, but how many of them are actually COLLECTING them. I think either a great many of them are buying for speculation and most of the people who DO actually collect them have already purchased them directly from the mint. I suspect there will be little long term market. Look at the mintages over the years, the premium the mint asked over spot for them when they sold them, and the premium over spot on the secondary market today. The early years had high mintages but the mintages fell steeply over the years because there just wasn't really that much of a real demand. The mint sold the proof for a significant premium over the gold value of the coins, but today most of them are selling for roughly the same small premium over the spot value no matter what the mintage was. Yes the RP has some potential but I don't think it is as great as many believe. Also in the fiures you quote you are comparing total sales of the regular proofs with just the number SLABBED in a particular grade. Look at your figures again. The 10,000 three coin set means there are 10,000 RP coins out there not 1,000. Or 25% of the total not 2%. Now how does the RP 70 pop compare to the regular 70 pop. That will give you a better feel for the actual percentage. And you will probably find that the earlier years regular coins have lower pops than the RP does. (I'm guessing, I don't follow the pops.)[/QUOTE]
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