-W O W- This could be the lowest minted ( Reverse Proof )

Cumulative sales have now reached 145,173, which is comfortably above the 100,000 total sales for the 25th Anniversary Silver Eagle Set, but still well below the 20th Anniversary Silver Eagle Set, which had a final audited mintage of 248,875.

http://mintnewsblog.com/2012/06/san-francisco-set-offering-at-midpoint/

The San Francisco Mint's 75th Anniversary

http://catalog.usmint.gov/webapp/wc...1&parent_category_rn=10191&top_category=10191

 

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There's enough time left to undo this coin remaining a lowest mintage of its kind, what with enough reporting like this going on. Such blogging about sales figures will only work against the coin remaining that way when there's plenty of time left to continue placing orders. A coins chances of maintaining a low mintage would be better left unspoken about until after its no longer offered for sale.

 

this will be a nice coin for the collector- but I just do not see anyone making money on it. For low mintage look at the 1/2 oz 2012 proof gold eagle http://www.numismaticnews.net/article/what-do-you-make-of-s-set it is sitting at 1,114- the 2011 1/2 oz gold eagle was way higher this time last year

 

2011 Proof AGE coins went on sale April 21st, 2011. That means the coin you are trying to make an example of here was only on sale for two months by this time last year!

The 1/2 oz AGE is often the runt of the litter while other denominations are also available. Last year that was also the case for the remaining 8 months of 2011 and until it was announced "sold out" in late February of 2012. The 1/2 oz Proof AGE never reached it's 15,000 individual coin maximum allowed mintage limit. And remember to add any sales from the the additional 35,000 mintage limit allowed by sales of the 4-coin Proof 2011 AGE set.

Sales of the 1/2 oz proof 2011 AGE only started climbing when other individually sold AGE coins sold out by hitting their maximum mintage limit, which was first the case of the 1 oz. 2011 Proof AGE. The 1 oz. coin had an individual coin maximum mintage limit of 30,000 units. Add to that the sales of the 4-coin set and the numbers are greater still.

The 2011 Proof 1/2 oz mintage limit last year was 15,000 units for individually sold coins. However, the proof 4-coin AGE sets remained on sale for long after the 1 oz. coin sold out, and remember the 4-coin sets limited sales to 40,000 units. The individual 1/2 oz. Proof AGE started selling more when gold spot price declined in early January of 2012 and the Mint had to lower prices on gold products.

By the time the final numbers for 1/2 oz Proof AGE coins were in earlier this year, it wasn't the lowest mintage of the 1/2 oz proof AGE. I was more like the third lowest amongst the Proof 1/2 oz. AGE coins.

After all was said and done with numismatic 2011 AGE products, it was the 2011 W Unc AGE that faired the best with lowest mintage.

As I said in the previous post, to discuss what is the lowest mintage while coins are sill available for sale is only to conspire against them remaining that way... loose lips sink ships comes to mind. Do you understand what I'm trying to say in this thread?

 

Even with the 4 coin set added in this will be low- I do understand that you can't know the final number while the coin is still available that is the risk factor. as for the "conspiring against them" idea - that is why I did not mention the spouses

 

:scratch:
I have no clue how you can be so confident so early in the sales period to make such a statement especially after being shown how and when last years sales figures (mintage) began to climb around the New Year and after other similar coins in the series sold out. And that was for sales over the course of 10 months. The 2012 has only been on sale 2-3 months so far. Even the mere mention of something being 'low mintage' can have an effect of driving sales, thus mintage higher. Don't go sabotaging your own predictions now, as I keep warning in this thread...


For 2011 Proof AGE 4-coin sets, as of 2/20/12 sold 17,697, while the 1/2 oz 2011 Proof AGE individual coins sold 7,855 for a total of 25,552*.


For your reference, here are three of the lowest 1/2 oz Proof AGE mintages:

2008 mintage 22,602
2001 mintage 23,240
1998 mintage 25,374

only after those dates do we have the 2011 Proof AGE 1/2 oz as the fourth lowest, to date for completed sales...

2011 mintage 25,552*


( *Actual final mintage may be ever so slightly, +/- this figure. )

 

Comparing ASE's to AGE's is like comparing apples to oranges - far less demand for AGE's or any gold coin due to the inherent high cost due to its bullion value.

I do agree that it's far too early to predict final mintages. Sales may end low since, to a bullion buyer, it's over priced for its pm value, in a declining silver market. However, to a numismatist, as long as it's sales end close to the 2006 set, it's a bargain at $150.

 

Not really, numismatic AGE and ASE products are both modern coins produced in significant quantity, 'not intended for circulation' (NIFC) which by all definitions of coin rarity obviates them from the realm of low mintage, including the 1995-W ASE! Plenty of other world mints produce similar collector products in quantities of 5,000, or less in certain cases.

There's no logical bargain when buying a product made of silver where the asking price is $75 per ounce when spot has been decreasing and in roughly a third of that price. That's certainly no bargain for the consumer, but it certainly is increasing profit for the Mint. As well, with each year's Proof and Unc-W ASE release and now each successive "special" product they release in this series, we continue to see them increase the offer price, annually. If silver products were a part of the Mint's precious metals pricing matrix, this product would be much closer to a reasonable retail price for what it is. Sales are slow(er) for a few simple and obvious reasons, an elongated opportunity to purchase them without fear of a sell out, the new 'mint-to-demand' concept they have currently in trial with this product and the falling silver spot price compared to the asking price of this product.

 

4 coin set is 2,600 currently- point is that the proof gold sets are on the low end for this time of year - that set was 7,400 this time last year http://www.numismaticnews.net/article/mint-stats-summer-numbers-stay-sluggish the AGE's went on sale April 21 last year and sales were high (as noted in this article) that was not the case this year- I am noting that difference http://www.numismaticnews.net/article/buyers_grab_proof_gold_eagles the 2011 sold 3,900 of the 4 coin set IN THE FIRST WEEK last year- we are months into sales and only 2,600 have sold this year. Read those links and see what I mean - it is a real thing

 

I don't see any burden of proof Danr and like I keep saying, being a cheerleader for low mintage isn't likely to work in your favor given the length of time left that the Mint may sell these products. Each time the Mint lowers product price they manage to sell more units.

While currently you can quote weekly or monthly sales figures (not final mintage) now around 2,600 for the 4-coin set after just two months of availability, multiply that figure out for 10-12 months and you'll see the figure is fast approaching the other years I cited above. You wil have to revisit this thread in a year from now to see how narrow or great the difference works out to be.

 

I am not arguing- just point out that sales of proof gold are very low compared to last year- again 3900 in the first week last year 2600 in two months this year

 

Again on the mintage figures, 2012 Proof AGE mintage limits have been adjusted down from last year by about 10,000 units per product.

In 2011, only the 1 oz. Proof AGE "sold out" at its individual coin limit of 30,000 -- and this year they have maintained that limit for this coin, but reduced the amount of 4-coin sets; those did not sell out last year at 40,000 limited.

 

My argument is that your premature optimistic reasoning presents unreasonable risk when suggesting current levels will end up lower than previous years based on past published figures. Your track record on predictions of how modern Mint products will do has also been pretty poor. I recall a number of times you cheered for silver commemorative dollars only to see those predictions sunk! I'm reminding you that there is a lot of time between now and then to be making such assumptions, in which price may decline, other collectors take notice and sales move up and who knows what else could inspire consumers to buy these products. Your margin of successfully predicting this, I am cautioning you about, is very narrow and only aided by the lowering of mintage limits this year from last year, but which isn't saying much since the sales last year didn't really approach the lowered mintage limits for this year's products. As I reiterate, the best way to see the coin undersell and produce a lowered mintage is not to speak about it publicly so that others take notice.

 

I sold the BSA coins for a small profit-

 

very small

 

Flipping one of a kind commemorative products for a small profit is hardly worth the effort. Sluggish sales of current year annual Proof AGE products isn't likely to produce quick flipping opportunities like those one of a kind commemorative coins, when the AGE coin is no longer for sale a year from now, not in the way you are thinking. You should be looking at completed auctions for the other low mintage Proof AGE coins to see which grades and which years, as well as how much "x" number of years after they were sold they are currently selling for. I think the demand is smaller than you wish it to be.

 

Your post immediately makes me think of the fractional buffaloes.

 

Numismatic versions 2008 AGB were very rewarding for those who got them in 2008:

AGB Proof
[TABLE="width: 445"]

[TD="width: 89"]Date
[/TD]
[TD="width: 89"]1 oz.[/TD]
[TD="width: 89"]1/2 oz.[/TD]
[TD="width: 89"]1/4 oz.[/TD]
[TD="width: 89"]1/10 oz.[/TD]
[/TABLE]
[TABLE="width: 445"]

2008

18,863
12,169
[TD="align: right"]13,125[/TD]
[TD="align: right"]18,884
[/TD]
[/TABLE]

AGB Unc-W
[TABLE="width: 445"]

2008

[TD="align: right"]9,074[/TD]
[TD="align: right"]16,908[/TD]
[TD="align: right"]9,949[/TD]
[TD="align: right"]17,429[/TD]
[/TABLE]