My strategy of buying the UHR Eagles

What about ASEs?

 

Log in or Sign up to hide this ad.

While I have ordered from the Mint in the past, I was wondering how the wait list works as far as when will they charge my credit card. When I order or when they actually ship the item? I haven't ordered any wait list items in the past.

 

I got the little catalog/brochure for this in yesterday's mail, but they didn't include the price in it. I think they need to add a disclaimer at the bottom of one of the pages that reads:

* - Mint not responsible for you swallowing your tongue when you see the actual price.

I should have posted this last night....it seemed a lot funnier to me then

 

If you are suggesting that the ASEs that the Mint sells are bullion, it is my understanding that they are not.

Bullion is sold by bullion dealers. Bullion comes in plastic tubes and monster boxes. Bullion does not have a mintmark. The Mint does not sell bullion directly to the public.

The mint sells collector coins. The mint sells Proof ASEs and Burnished ASEs with the W mintmark. These are collector coins. They come packaged individually in faux felt lined boxes with certificates of authenticty.

 

Your price will be determined when you place your order. For example, if you order tomorrow and the price was $1189, but next week the price goes up to $1300... you will be charged the $1189 since you placed your order when it was that price.

 

Is this a one year issue? also is the price going to change weekly?

 

Yes and Yes, allegedly.

 

The current price $1189, was based upon the 12 Jan Gold price 'average'... so it is ten days later... I believe gold changed... will be interesting to see if the price is different at 12p ET...

US Mint pricing guide: http://catalog.usmint.gov/wcsstore/ConsumerDirect/images/catalog/en_US/GoldCoinGrid.pdf

 

If it opens at $1,239, I'm out. To rich for my blood.

 

So Doug, are you implying that there may be only a few planchets for this or are you implying that there will be many avail for this?

6-9 Months waiting period could go either way I suppose?


RickieB

 

Thanks...that is how I took your implication. Just wanted your opinion.

Regards,

RickieB

 

Well here it is....from Numis News!!


Eager collectors trying to buy the proof 2009 Ultra High Relief Saint-Gaudens $20 gold piece slowed the U.S. Mint's Web site and backed up its 800 number for a time Jan. 22 when the new coin went on sale at noon Eastern Time.

By the end of the day, collectors were e-mailing Numismatic News with reports that they had successfully purchased the coin at the issue price of $1,189 each, with confirmed delivery by Feb. 6.

During the first four days of sales, the Mint said it sold 40,727 of the coins, generating $48.4 million in revenue by noon Jan. 26.
The Mint is limiting orders to one per household during the opening days of the coin's availability to assure the widest and fairest distribution. It might strike up to 300,000 of the coins if collector orders reach that level.

Though it resembles the Saint-Gaudens gold $20, it has a smaller diameter of 27mm and is more than 50 percent thicker than a regular pre-1933 $10 gold piece, which has the same diameter. It contains one troy ounce of .9999 fine gold.

The $20 coin of that size was never produced for circulation. It was the brainchild of Augustus Saint-Gaudens, who in 1907 was attempting to fulfill a dream of President Theodore Roosevelt to create a new American coinage worthy of the ancient Greeks.

High relief and increased thickness were characteristics that proved unsuitable both for mass production and use in commerce.

The gold coin's price changes each week to take into account the fluctuating price of gold. The second week's price was $1,239, effective Jan. 29.



RickieB

 

To my way of thinking, this coin combines the Best of Both Worlds. It is more or less faithful to Saint-Gaudens' original vision for the design (albeit somewhat smaller), and thus is certainly a collector coin, and a beautiful work of art. That is why I ordered mine on the first day, and I intend to keep it. BUT ... It is also protected from downside risk by being a pure ounce of gold. Not too bad when gold is today, what, $920? I see where the Mint repriced them up 50 bucks. Not that that really matters to me in the short or long run. I would be extremely upset, though, if I had waited until later in the year to order, and then another shortage of planchets occurred so that I missed the boat. This is not a recommendation to anybody else, just what I am doing and thinking. :thumb:

Best Regards,

George
==========================
VDB Coins

 

does anybody know how many UHR Eagles had been sold so far?

 

Yep!! Read a few posts up where I inserted info from Numismatic News!
That will give you a good Idea. I am sure it is past 50,000 at this point...
Nice coin...but I think it will be a high mintage coin as well.

RickieB

 

We shall see how many orders get cancelled. Hoping all the ones after my dads. (sorry if you are after him)

 

I saw a Ultra High Relief Double Eagle at the Mandalaly Bay Casino in Las Vegas. It was beautiful to look at. This version is supposed to be smaller in diameter but I am looking forward to having it anyway.

 

I am most likely canceling my order. I hope I don't come to regret this. Sorry Ken, I know how long we talked about getting this coin. As much as I am disappointed that I will not be buying this coin, I am excited at what 2009 will bring. Two wonderful commems. The special Lincoln set. 5 First Spouse coins!!! and the Buffalo proof. Also don't forget the ASEs. So my year is booked. I rather spend money on coins that I need to continue my sets rather than a one year issue coin that has no mintage limits and will most likely sell above 100k. Now I am going to hold off canceling my order for as long as I can because I want to see how sales are going before I make my decision. But there is a chance that I may still get it because if gold continues to go up, I will have bought it at the lowest price. I am just afraid because once i get it in hand, I may not want to get rid of it.