Discussion in 'Bullion Investing' started by fatima, Nov 21, 2011.
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Guess its time to thin the herd...
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!
I'm rereading Double Eagle right now, in fact, by Alison Frank, on the 33 copy.
Now it seems prices are insane in any grade...
That's saying something.
Even it it was only worth melt I would still love it though, amazingly beautiful coin!
Me too........Who the devil knew?
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