gold open at $587.30 today. hit a low or $585.40. if you sell your 3 pc set 20th ann. gold set right now. it is only worth $1,800 plus?. i think it will go down to around$550.00.
DO read the site http://www.kitco.com to really understand what is going on with the current market trends. Making speculations itself is a major mistake.
Tracy- At the time of this post Gold is at about 586 (down about 4 percent) How come you don't mention how far down silver is? Down over 7 percent at 11.25. You want to talk about melt value so much about coins let's do some comparisons shall we? 3 piece gold set sold for $2610. 3 ounces of gold melts for about $1758 so you are paying a premium of $852 to buy the 3 piece gold set or about a 48 percent premium right now over melt. 3 piece silver set sells for 100 and not even sold out yet. 3 ounces of silver melts for about $33.75 right now so you are paying a premium of $66.25 to buy the 3 piece silver set or about a 196 percent premium over melt. Silver aint looking to good if you want to do the numbers by melt value. You are are like a stock board pumper when it comes to coins you buy. You have no clue on things called nusmatic value. Remember. If you want to base this purchase of what is the better buy the AGE 3 piece set or the ASE 3 piece set strictly on melt value Gold blows it away.
am eagle mintages am eagle gold proof & unc mintages: cdn bid price based on $595.00/oz. 1986w 446,290 $710.00-- 1986 1,362,650 $607.00 1987w 147,498 $710.00-- 1987 1,045,500 $607.00 1988w 87,133 $710.00-- 1988 465,000 $607.00 1989w 53,960 $710.00-- 1989 415,790 $607.00 1990w 62,401 $710.00-- 1990 373,210 $607.00 1991w 50,411 $710.00-- 1991 243,100 $607.00 1992w 44,835 $710.00-- 1992 275,000 $607.00 1993w 34,389 $710.00-- 1993 480,192 $607.00 1994w 36,300 $710.00-- 1994 221,633 $607.00 1995w 46,553 $710.00-- 1995 200,636 $607.00 1996w 37,302 $710.00-- 1996 189,148 $607.00 1997w 28,000 $710.00-- 1997 664,508 $607.00 1998w 26,060 $710.00-- 1998 1,458,530 $607.00 1999w 31,446 $710.00-- 1999 1,505,026 $607.00 2000w 33,000 $710.00-- 2000 433,319 $607.00 2001w 24,580 $710.00-- 2001 143,605 $607.00 2002w 24,242 $710.00-- 2002 222,029 $607.00 2003w 29,000 $710.00-- 2003 416,032 $607.00 2004w 28,731 $710.00-- 2004 356,555 $607.00 2005w 34,695 $710.00-- 2005 350,000 $607.00 2006w 48,985 $710.00-- 2006w 29,990 $ x x x 2006w(r) 9,995 $ x x x note: in order for gold proof to jump up. mintage should be around 2,500 - 4,000. but the unc version will be a different story. 29,990 mintage is quite low. maybe a winner for gold unc coin. that is also applied to silver eagle. 06 w unc is a winner too. period. and the silver unc will be 10 x as high as gold unc. check the 95 w gold and silver 10th anniversary.
am eagle silver mintages am eagle silver proof mintages: (dealer's selling price) 1986s 1,446,776 $32.00 1987s 904,732 $32.00 1988s 557,370 $70.00 1989s 617,694 $40.00 1990s 695,510 $35.00 1991s 511,924 $60.00 1992s 498,552 $50.00 1993p 403,625 $180.00 1994p 372,168 $230.00 1995p 395,400 $190.00 1995w 30,125 $6,000.00 1996p 473,021 $90.00 1997p 429,682 $85.00 1998p 452,319 $60.00 1999p 549,769 $65.00 2000p 600,000 $32.00 2001w 746,154 $32.00 2002w 647,342 $32.00 2003w 750,000 $32.00 2004w 812,299 $32.00 2005w 823,000 est. $32.00 2006w 1,000,000 est.$30.00 2006p(r) 249,995 est. $ x x x am eagle silver unc mintages: 1986 5,393,005 $20.00 1987 11,442,335 $15.50 1988 5,004,646 $18.00 1989 5,203,327 $16.50 1990 5,840,210 $15.50 1991 7,191,066 $15.50 1992 5,540,068 $15.50 1993 6,763,762 $15.50 1994 4,227,319 $15.00 1995 4,672,051 $16.50 1996 3,603,386 $80.00 1997 4,295,004 $16.50 1998 4,847,549 $15.50 1999 7,408,640 $15.50 2000 9,239,132 $15.00 2001 9,001,771 $15.00 2002 10,539,026 $15.00 2003 8,495,008 $15.00 2004 8,882,754 $15.00 2005 9,500,000 est. $15.00 2006 9,000,000 est. $14.00 2006w 269,990 est. $ x x x am eagle unc pricing is based on bullion value plus some premium on some common date minted. prices ranging from $14.00 (common date) to $80.00. am eagle proof pricing ranging from $30.00 (common date) to $6,000.00 (1995w). my guess is that the 2006 unc silver am eagle will take charge while that of 2006 silver proof am eagle will not.
gold dropped again gold @ $586.70 and silver @ 10.98/oz. as of 9/12/06 4pm cdn bid prices for am eagle unc gold coin is $598.40 and proof is $700.00 while am eagle silver dollar bid is $11.98 for common date, while some other dates with premium should stay unchanged. this is also applied to am eagle silver proof.
This is a correction. That's all. Historically, commodity boom periods last for at least 14 years at a time. This is just a small correction for Gold and Oil. "The time to buy is when there’s blood in the streets."
Since the 20th Ann. Sets don't trade at bullion values, they won't be affected. The mindset (The sky is falling!! AAAA- Gold has dropped two dollars- headed toward $400 again-) of some/many people may temporarily contribute to lower secondary market prices, but not in the long run.
the truth is... to tell everyone the truth. the gold set intially result from ebay is too high. it will gradually come down to near bullion value. and the buffalo gold too. while the silver set will be stay low at the beginning. but will gradually go up and up and nothing but up. after few years. the gain will be hugh. ex: the 1995w american eagle silver dollar. it took ten years to see that big increased.
the truth is you are clueless The 3 coin gold set has a mintage of only 10,000 and sells out in less than 24 hours and will be selling for only bullion value soon? The 2 coin silver set has a mintage of 250,000 and still hasn't sold out and doesn't look that close to even selling out. Tell me you are kidding. I bought 5 of the silver sets myself so not trying to take anything from the silver sets but the real winners will be the low mintage gold coins. And no I couldn't afford the gold set myself. I showed you why just on bullion value and I am telling you why on a supply/demand scarcity value. Now keep hoarding those nickels! :headbang:
This is all so funny....I haven't been to the forum in a few months and last I saw...all the prognosticators were "how high will it go? silver $60? gold $1000?" And now a few months later is a game of Limbo...TOO FUNNY! Me, I did well...in a small way...found $15 in 1964's while searching Kennedy Halfs and sold them for $105 when silver was at $15.
In bullion value, in collecting value that number can be doubled. I've already seen someone on Ebay preselling their set for $3,400.
