Fractional Gold Eagles

Do you guys like these? Do you think they can have the Gold Buffalo Fractional effect where they become very valuable a year from now?

 

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no. only the fractional gold eagle with w mint mark. that is dated from 2006w to 2008w. the gold eagle without mint mark were all bullion value.

 

you don't think people will collect the 2009 non w since the mint isn't making w mint marks for 2009.

 

Yes, we will. :bow:

 

that's my opinion as well, at least you got a 2009 fractional for your set instead of an empty pocket...

 

I just got mine today. I like it, but I wish the mint would package them individually in plastic (like the gold bullion buffalos). My fractional has a number of small dings and luster breaks - probably from being in a roll. I was hoping to slab it, but my guess is that it would come back as a 68 - not worth it.

 

yes we can collect them. but it will be a bullion value. unless some year mintage fall below 20,000.

 

I'm not trying to argue with you on this but isn't there just a little bit of supply/demand in coins? I really don't see why they would only be worth the value of metal or bullion and have no numismatical value as the mint is not making any W-mint fractionals.

Is the mint is making way more fractional then collectors are needing for their collection? I also don't see why they couldn't be worth alot more if they grade out MS70 or even MS69.As least there's a fractional out there this year for any of the set collectors to continue their sets even if it's not a W-mint mark.

 

". . . if they grade out MS70 or even MS69.As least there's a fractional out there this year for any of the set collectors to continue their sets even if it's not a W-mint mark?. . . "

I've got a 2009 AGE NGC 70 early release, AGB NGC 70 early release I was told both of the coins are worth a tiny premium over spot. also have both coins in mint proof. next year I'll buy two each mint proof instead of two early release and two proofs.

 

There is supply and demand. Many of these fractionals are high enough supply to meet that demand (as of now anyway). I think you would be hard pressed to find any AGE coin selling for bullion value since even the common dates tend to sell for a little premium (like all American Eagle coins), but many of these higher mintage AGE fractionals can be had for slightly above bullion. If the demand for these was to go up (which it might someday), then they would increase in value.

 

I'm just saying that assuming the mint isn't making an over abundance of these coins. I can't see how they wouldn't be worth more then bullion value. Since they are the only way to have a AGE fractional w/o the proofs being made this year.
Of course if the proofs were made this year I would rush to buy them over the bullion versions.

 

I would say they do have a value over bullion...all American Eagle coins tend to have some premium. But, many of these issues have been minted in a quantity that exceeds the demand and thus that premium is minimal. Now, with this year not having any proof versions, I would imagine that there would be more than the typical demand for these coins...but I think that has yet to be seen.

One would wonder if the economy would increase the demand as well. It's pretty bad right now...so on one hand some might want to put their money into gold such as these coins, on the other hand they might be stretched so thin that they can't afford to do so.

 

here are the latest data from the mint:

2009 bullion one ounce AGE - 1,193,500
2009 bullion 1/2 ounce AGE - 83,000
2009 bullion 1/4 ounce AGE - 90,000
2009 bullion 1/10 ounce AGE - 270,000
2009 bullion one ounce ASE - 27,679,500

1/2 ounce:
2005 - 80,023
2006 - 66,005
2007 - 47,002
2008 - 61,000
2009 - 83,000 - not final

1/4 ounce:
2005 - 72,015
2006 - 60,004
2007 - 34,004
2008 - 70,000
2009 - 90,000 - not final

 

Just wanted to share this link here for anyone who hasn't read it yet:

from MintNewsBlog 12.14.2009 The Return of Gold and Silver Eagle Rationing

 

this is what bothers me the most about that article...

"These statements were provided before the US Mint was forced to revive their allocation programs. With the programs now in place, the US Mint is now apparently even further away from meeting public demand, calling into question the status of collectible gold and silver coins for 2010 and beyond."

 

Given the problems meeting demand this year and willingness to start new programs such as next year with the 5 oz. Silver Am. Beautiful Quarters, I will be upset yet not surprised if the Proof AGE/ASE coins bite the dust. This may be the kick-off era to a bunch of one offs, like gold UHR and boring long running series like the Parks quarters, FS coins... it just seems a mess in the making.

 

APMEX is selling uncirculated
1/10oz AGE 151.25
1/4oz AGE 341.25
1/2oz AGE 627.42
s/h 24.95
total 1,145.34

Would I be better off buying a 1oz AGE for investing or should I spend the 1,154.34 for the three fractionals?

thanks

 

midas1: The AGEs are just bullion so it would be better get more gold for your money and pay less of the premiums that come with the frationals as these are marked up quite high right now. CT member elaine_1970 also posted yesterday the recent sales figures (mintage stats) on these in this thread and the 1/2oz. seems to be the lowest sold so far. IF they would ever carry a premium for collectors (numismatic) the ones with the lowest mintage would possibly fetch more in future should you find a buyer but selling back to a dealer wouldn't get you more, most likely. Follow those threads to get some further sense about what direction you wish to take with your investments. :thumb:

 

I agree with you that the lower mintage AGE's are the coins that might carry a more significant premium...but I disagree with your "IF they would ever carry a premium" part. American eagles, whither they be silver, gold, or platinum, seem to always carry a premium over spot. Many of these coins carry a very small premium, but it is there. I know that sometimes they can be found right at bullion value, but it is rare. All these coins are considered collectible and as a result will typically demand a premium. Now, the mintage plays a large part in how much of a premium.

 

Elaine, your forgot one of the most important 1/2 oz AGEs:
The 1991 1/2 oz at 24,100


RickieB