MonumentMetals offers $100 to be their shill

Discussion in 'Bullion Investing' started by jb10000lakes, Nov 14, 2019.

  1. BSquared

    BSquared New Member

    What am I missing here? A 1 oz. bullion type proof coin with a mintage of 30,000 going for these prices.? Makes me happy to think I snagged a 5oz. Black-flag'r for a lot less. Can't wait to see where this one settles out
     
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  3. Don P

    Don P Active Member

    From what i understand, the 1995 W Proof coin was only available in a set where you had to purchase a 1oz gold AGE to go along with it. That was the only way it was available from the mint.

    This made is tough for the "common" man back then since AGE's were about $300 and you had to get in this set.

    Someone correct me if I'm wrong.
     
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  4. GoldFinger1969

    GoldFinger1969 Well-Known Member

    I'll bet the set was closer to $800 or so.

    Gold eagles had to be selling for $400-$450 solo.
     
  5. ddddd

    ddddd Member

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  6. Don P

    Don P Active Member

    Ah thank you. Good information. So it makes the coin more special and more rare than the current offering since it was so hard for an individual to afford.

    Do you think most dealers bought these and thus pumped the price up?
     
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  7. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Graded ones at PF69 cost $5,000 and PF70's can cost $10K - $25K...but the price has been falling for years. Demand has slackened, and more ungradeds got high grades.:wideyed:
     
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  8. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Just checked HA.....PR69's sell for about $3,500 down from about $10K 5 years ago....PR70's sell for about $11,000 down from $30,000. :wideyed:
     
  9. GoldBug999

    GoldBug999 Active Member

    I logged into the US Mint site at 1 second past 12:00 noon and added the ASE to my cart, but when I got to the point of confirming my credit card and mailing address, I kept getting a message - something went wrong. Over the next 15 minutes I continued to try and check out without success. Finally I got a message - please remove 1 item from your cart since it is no longer available. Great.
     
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  10. GoldFinger1969

    GoldFinger1969 Well-Known Member

  11. -jeffB

    -jeffB Greshams LEO Supporter

    There was certainly some dealer pumping, but I think there are also a lot of them that won't be separated from the rest of the set (the gold coins). This makes even fewer available for collectors who are only interested in the ASE.
     
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  12. ddddd

    ddddd Member

    Are you asking about the 1995-W? Either way (I'd say this applies to most low mintage coins), I think the price was mainly due to collectors wanting a complete set of Silver Eagles. There are more than 30,000 Silver Eagle collectors and so the demand (combined with the low supply) pushes up the prices. Now Dealers also play a role. By offering a certain price (similar to how some were willing to pay $400-$500 for the 2019 before the release) and buying the coins in quantity, the dealers help set a floor. And as long as they don't budge from those prices and enough people are willing to buy the coins from them, the prices stay relatively high.
     
  13. Mr Roots

    Mr Roots Underneath The Bridge

    I got into it with a person getting rid of the 2019-S Reverse Enhanced Proof for $8000
     
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  14. Casman

    Casman Active Member

    It's notta shill but a straw. Ridiculous offer for a coin that everybody and their red headed step kid knew or shoulda known was a $1,500 plus coin sealed.
     
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  15. -jeffB

    -jeffB Greshams LEO Supporter

    Really? There were an awful lot of people surprised that it went as high as $700-800.

    Can you ask "everybody" whether it's likely to go up further from current levels in the near term, or whether it's about to come down? Because I think near-term speculation is driving an awful lot of trade at the moment.
     
    GoldFinger1969 likes this.
  16. Casman

    Casman Active Member

    Ya really. Projected $1500 months ago. Raw opened will drop as label play is over. Weak handed sellers that normally sell used tennis shoes have joined the party thanks to social media. As far as speculation the majority are TV & dealer buys but they know how to play and it's a short term move. The 69's will drop, as large players want their money pull back. They're not keeping them, and the guy with one coin gave it a shot, but afterall it's cheap fun.
    The surprised people should stick to playing spot bullion swings.
     
  17. GoldFinger1969

    GoldFinger1969 Well-Known Member

    There are asking prices for COA coins up to $150,000. :wideyed:
     
  18. Casman

    Casman Active Member

    Yup JJ's #2 which is just a piece of paper. He pooled with other dealers to buy it.
     
  19. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Who's JJ...you're saying a bunch of dealers/speculators split the cost and are now trying to recoup their investment ?

    I wonder how much they are in for.....
     
  20. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Based on my investment experiences where people chase similar investments, I am sure that people are saying that with a "lower" mintage than the 1995-W....and with more demand...and with a nicer coin (RV PF)....that the price has to at least equal if not exceed the 1995-W.

    That's why so many people are OK with paying $900 - $1,500 raw the last few weeks....or more.
     
  21. Casman

    Casman Active Member

    Jesse James.
    This coin will never equal the 95W except the papered COA's. The 95W 70's will dwarf todays mint technology with thousands of 70's, not hundreds.
     
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