Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Old SF Mint Gold Coins once again.
>
Reply to Thread
Message:
<p>[QUOTE="Silver Striker, post: 376168, member: 1745"]About a year ago, I posted <a href="http://www.cointalk.org/showthread.php?t=25781" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.cointalk.org/showthread.php?t=25781" rel="nofollow">THIS</a> about these coins.</p><p><br /></p><p>After the 2008 / 2007 Burnished ASE mix-up, I became puzzled why all the frenzy over these coins with a production of maybe 47,000. I see these coins reaching prices of upwards of $400 especially if graded. </p><p><br /></p><p>I wondered why if this is a collecting hobby why the lowly, 2006 gold uncirculated San Francisco Old Mint coins can still be had at under U.S. Mint prices and sometimes right at their gold content price.</p><p><br /></p><p>Yes, I do understand the ratio of collector to issue values, but wonder why most people are willing to pay $400 for a coin with a mintage of 47,000 and a bullion value of nearly $18.00 compared to a bullion coin with a mintage of probably 15,000 (guessing here since Silvertowne claims to have melted 3,000 of these coins, originally 16,149) with a bullion value alone of nearly $220.00.</p><p><br /></p><p>I usually buy about 12 of each of the ASE varieties when they become available from the mint and I didn't want to currently purchase them since the silver price had dropped. However, with the 2008 / 2007 situation I purchased 12 and got none of the variety. My sister purchased 6 more and gave them to me as an early birthday gift, still none. I seem to be more of an investor than a true collector saving for my retirement day or for the relatives to fight for if I don't make it. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /> So recently, I've been buying up some of the best buys I can of the "OLD MINT UNCIRCULATED'S" and have been doing pretty good getting them at near bullion prices and even graded at that. Have only gotten a handful or so but, they sure are pretty coins. </p><p><br /></p><p>I think these are just "sleeping" right now. I just hope they don't wake up too soon! <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="Silver Striker, post: 376168, member: 1745"]About a year ago, I posted [URL="http://www.cointalk.org/showthread.php?t=25781"]THIS[/URL] about these coins. After the 2008 / 2007 Burnished ASE mix-up, I became puzzled why all the frenzy over these coins with a production of maybe 47,000. I see these coins reaching prices of upwards of $400 especially if graded. I wondered why if this is a collecting hobby why the lowly, 2006 gold uncirculated San Francisco Old Mint coins can still be had at under U.S. Mint prices and sometimes right at their gold content price. Yes, I do understand the ratio of collector to issue values, but wonder why most people are willing to pay $400 for a coin with a mintage of 47,000 and a bullion value of nearly $18.00 compared to a bullion coin with a mintage of probably 15,000 (guessing here since Silvertowne claims to have melted 3,000 of these coins, originally 16,149) with a bullion value alone of nearly $220.00. I usually buy about 12 of each of the ASE varieties when they become available from the mint and I didn't want to currently purchase them since the silver price had dropped. However, with the 2008 / 2007 situation I purchased 12 and got none of the variety. My sister purchased 6 more and gave them to me as an early birthday gift, still none. I seem to be more of an investor than a true collector saving for my retirement day or for the relatives to fight for if I don't make it. :) So recently, I've been buying up some of the best buys I can of the "OLD MINT UNCIRCULATED'S" and have been doing pretty good getting them at near bullion prices and even graded at that. Have only gotten a handful or so but, they sure are pretty coins. I think these are just "sleeping" right now. I just hope they don't wake up too soon! :)[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Old SF Mint Gold Coins once again.
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...