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Will the special gold eagle hurt the Mint?
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<p>[QUOTE="Legomaster1, post: 4525239, member: 101260"]Certainly- once the hype is over, it might flop.</p><p>However, I've looked up the 2019 S burnished Eagle on ebay, and there is one auction where it has 5 bids, and the price is $940 so far (for a coin that cost just under $72, including shipping!) Quite a few of the coins have already sold for 1 grand.</p><p>So, it's hard to know what'll happen with this- maybe people will get over the hype, and maybe they'll end up paying 100 times what the coin is initially worth.</p><p>Only one thing is certain- all the speculators will cause the site to get hung up, and normal collectors won't be able to buy the coin. Lastly, of course, you'll have dealers sending out emails to random people in advance, attempting to bypass the household limit.</p><p>Interestingly enough, people like [USER=76863]@baseball21[/USER] assert that people who complain "aren't really modern collectors to begin with". I'd really like to decode that reasoning. If all of us collect ancients for example, why would we care about the issuance of this coin? As I'm sure you've noticed, people in other categories of coin collecting don't care enough to complain- I doubt they even know it's being released.[/QUOTE]</p><p><br /></p>
[QUOTE="Legomaster1, post: 4525239, member: 101260"]Certainly- once the hype is over, it might flop. However, I've looked up the 2019 S burnished Eagle on ebay, and there is one auction where it has 5 bids, and the price is $940 so far (for a coin that cost just under $72, including shipping!) Quite a few of the coins have already sold for 1 grand. So, it's hard to know what'll happen with this- maybe people will get over the hype, and maybe they'll end up paying 100 times what the coin is initially worth. Only one thing is certain- all the speculators will cause the site to get hung up, and normal collectors won't be able to buy the coin. Lastly, of course, you'll have dealers sending out emails to random people in advance, attempting to bypass the household limit. Interestingly enough, people like [USER=76863]@baseball21[/USER] assert that people who complain "aren't really modern collectors to begin with". I'd really like to decode that reasoning. If all of us collect ancients for example, why would we care about the issuance of this coin? As I'm sure you've noticed, people in other categories of coin collecting don't care enough to complain- I doubt they even know it's being released.[/QUOTE]
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Will the special gold eagle hurt the Mint?
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