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End of World War II gold eagle proof on sale Nov 5, 12 PM ET
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<p>[QUOTE="Virginian, post: 4833846, member: 27579"]It's a good point. With this coin you'e going to have bullion value competing with collecting value. Imagine an ASE MS70 coin with a total mintage of 1945. How much would it sell for in the open market? Easily $10000. Maybe not $20000. Almost all of that price based on collecting/rarity value. Buy it from the Mint at $75 . . . like hitting the lotterry.</p><p><br /></p><p>Here, however, we have a coin that I think the Mint will sell for at least $3K because of bullion cost. How much would it sell for in the open market? Maybe not more than (or as much as) an ASE with similar mintage, because there are a lot fewer collectors (not stackers) of Gold Eagles. So you can make a nice profit, but not like hitting the lottery like it would be with a $75 ASE with a total mintage of 1945. This coin would have to sell in the open market for more than $300K to get that kind of return, and that's not going to happen.[/QUOTE]</p><p><br /></p>
[QUOTE="Virginian, post: 4833846, member: 27579"]It's a good point. With this coin you'e going to have bullion value competing with collecting value. Imagine an ASE MS70 coin with a total mintage of 1945. How much would it sell for in the open market? Easily $10000. Maybe not $20000. Almost all of that price based on collecting/rarity value. Buy it from the Mint at $75 . . . like hitting the lotterry. Here, however, we have a coin that I think the Mint will sell for at least $3K because of bullion cost. How much would it sell for in the open market? Maybe not more than (or as much as) an ASE with similar mintage, because there are a lot fewer collectors (not stackers) of Gold Eagles. So you can make a nice profit, but not like hitting the lottery like it would be with a $75 ASE with a total mintage of 1945. This coin would have to sell in the open market for more than $300K to get that kind of return, and that's not going to happen.[/QUOTE]
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End of World War II gold eagle proof on sale Nov 5, 12 PM ET
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