Ungraded UHRs are now worth $3000

Discussion in 'Bullion Investing' started by fatima, Nov 21, 2011.

  1. fatima

    fatima Junior Member

    I saw on another forum that MCM is paying $3000 for any ungraded UHR with it's box. Certainly this coin has been one of the deals of the new century given that 2 years ago, you could have bought as many of these as you wanted from the Mint.

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  3. chip

    chip Novice collector

    I am still smarting over missing that one. Since at the time they were selling for a premium over spot, I foolishly thought they would soon be seen in local dealers stock, where I could pick them up for close to spot.
  4. Twinturbo

    Twinturbo New Member

    Ive been wanting to pick some up.
    Guess its time to thin the herd...
  5. silvermex

    silvermex Junior Member

    there is a short supply right now only about 20 on ebay lowest price was 2850 for a NGC 69
  6. 2schnauzers2luv

    2schnauzers2luv Junior Member

    I pulled mine out of the safe a few days ago and noticed it has a small, reddish brown spot on it. Great. Still in the box and plastic mint holder. Can't figure that out.
  7. saltysam-1

    saltysam-1 Junior Member

    If the FSMS70 ever sells at $5000, mine goes up for sale the next day. I have seen them listed at that, but never sold at that price. I'm tracking one right now at a BIN price of $5100.
  8. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    FS as in First Spouse Sam?
  9. krispy

    krispy krispy

    After reading this thread, I went through some of my old links and files today to revisit some of the news articles I followed on the 2009 UHR. I thought I'd put them together to share with this thread for some perspective on how far these coins have come since that one-year special issue coin was released. Enjoy! :)

    US Mint 2009 UHR Double Eagle Limits Lifted Sept. 21 from Coin News.net on September 16th 2009

    Final US Mint 2009 UHR $20 Gold Coin Sales at 115K
    from Coin News.net on January 13th 2010

    2009 UHR $20 Gold Coin Values Robust from Coin News.net on February 19th 2010.

    "By the 31st of December (2009), the last day in which the Mint was accepting orders for the UHRs, their $1,489 purchase price was the highest it had been all year — exactly three hundred dollars over where they started. Final sales figures show a total of 115,178 were sold."

    Finally, Coin World (Amos Publishing) ran a story in the January 17th 2011 (Vol. 52, Issue 2649) issue titled, "U.S. Mint will melt 85,000+ 2009 UHR coins. Fate of 62,240 UHR blanks to be determined."

    From the story (see attached image) There were over 67,240 unstruck gold blanks for the UHR coins left over and some 85,227 stamped coins sitting at West Point Mint waiting to be melted down for other coin programs after the coins went off-sale.


    I didn't order my own UHR until October of 2009 after the price had moved up to $1489 above the initial offer price. I knew these one-year of issue special coins would continue to be great buys. Even buying late in the year I got a fantastic looking example. Many people said these coins would just be considered bullion someday. How glad am I to see that hasn't happened.

    Still, I wouldn't sell mine... it's a beauty!

  10. Vess1

    Vess1 CT SP VIP

    I was a fool for not pulling the trigger for one of these.... :(
  11. fatima

    fatima Junior Member

    Yes indeed Krispy. It's a beautiful coin. I have no plans to sell mine either.
  12. Siwash

    Siwash Senior Member

    Aesthetic appeal. It exists.

    I'm rereading Double Eagle right now, in fact, by Alison Frank, on the 33 copy.
  13. midas1

    midas1 Exalted Member

    I bought in at $1,189.00 It's a beautiful coin. I'd like to see the same design on a larger coin. I saw, what I was told, was an original Saint UHR at a Whitman coin show awhile back and it's thinner with a larger diameter. A couple of years ago the rep (retired Mint employee) working the Mint booth at Penn station DC told me the 2009 UHR was a replica of the original UHR. apparently not or the coin I saw at the Whitman show was misrepresented.
  14. fatima

    fatima Junior Member

    The 2009 UHR is a replica of the original UHR design. The reason you are seeing the difference between the two coins is because the US Mint lacked the technical ability to produce the 1930s coins to the UHR spec. They simply couldn't produce the extreme relief and ended up flattening the coin some. In 2009 they could produce the original design and it looks more like the original than the originals did.
  15. snaz

    snaz Registry fever

    I wish I would have picked one of these up when they came out. To be honest I couldn't believe the hype at first. I remember these were selling for insane prices at MS 70, and they seemed to be a dime a dozen.

    Now it seems prices are insane in any grade...
  16. midas1

    midas1 Exalted Member

    " . . . In 2009 they could produce the original design and it looks more like the original than the originals did. . . . "

    That's saying something.
  17. phdunay

    phdunay Member

    I wish I had bought one of these, but it's way out of my budget and I didn't collect in 2009 when it came out...
  18. JJK78

    JJK78 Member

    I knew this would be a winner and was actually my first major purchase/investment. Only regret is that I wish I had gotten both of mine graded! Got one graded ms70 by NGC and its twin is still living in the OGP :)

    Even it it was only worth melt I would still love it though, amazingly beautiful coin!
  19. silvermex

    silvermex Junior Member

    I started stacking in 08 but didnt have $ for the uhr first gold piece was in 2010 AGE proof, in time I hope to buy or trade for one, its a beautiful coin
  20. GypsyTears

    GypsyTears Mammy 2 shoes

    got mine at about 1200.00 from the mint and sold about year 1/2 later for about 1750.00. I was stoked but hearing these prices WOW do I wish I hadn't sold it, then again I wish I had not sold a bunch of my silver @18.00 oz. 2 years ago. Beautiful coin though.
  21. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    Me too........Who the devil knew? :)
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