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 Replies: 221 / Views: 36,943 |
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Valued Member
United States
451 Posts |
haha there are sales on ebay for $1765.00. I've picked up MS St Gaudens for a heck of a lot less than that. |
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Moderator
 United States
187862 Posts |
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also I look at the last few gold specials that did really nothing ( kennedy, RP buffalo) The Kennedy is the one I really wanted, but could not afford.  |
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New Member
United States
2 Posts |
@Foxwoods Man-
Your assessment of the bullion 'coins' not being true coins is correct - they are what they are - denominated medals. However, the AGEs are sort of coins, in that they are alloyed with copper and have the same composition as the early (pre-1834) gold coins. Where they diverge is in the values assigned. with one ounce of gold, the 'traditional' value should be $20.67 based on the price of gold when gold was money. The other problem is that the denominations do not track with the amount of gold, regardless of the price of gold.
I will, however, disagree on the commemoratives not being coins. Certainly the silver coins are coins, based on the traditional content of silver (90%) and copper (10%). If we accept the Silver Proof Sets as coins, we cannot dismiss the silver commems. Likewise, the clad halves are coins, as they are certainly the same composition as the current half dollar. The gold coins are also the same composition (with the exception of the 2000 Library of Congress $10) as their corresponding half-eagles and eagles from 1838 to 1933. Those were coins and intended to circulate, and while the modern commems are certainly not intended to circulate, they at least are coins by any definition.
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Pillar of the Community
 United States
1817 Posts |
Your point about the historical precedents is well taken. That begs the question why is the Liberty coin on the face of it worth 2 buffaloes when each has the same amount of metal? Shouldn't the Liberty coin contain 2oz relative to the gold buffalo just to keep things consistent? By that reasoning alone they could've made a vastly more affordable coin/coins by bringing back the fractional gold coins.
This puts the $100 coin in the fantasy/spurious category, a denominated medal just because the Mint can make this without the authority of Congress. There's not only not a historical precedent for such a coin, it's also an unnecessary coin cluttering up the numismatic marketplace with a fourth 1oz coin from the same source.
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Moderator
United States
187862 Posts |
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@Foxwoods Man-
Your assessment of the bullion 'coins' not being true coins is correct - they are what they are - denominated medals... I believe Foxwoods Man was actually disagreeing with Doug58s. That is, FM calls this a coin, Doug58s says it is a coin in name only. |
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Pillar of the Community
United States
718 Posts |
Here's what I think is going to happen.....1). Coin will sell for $1,490, that's pretty much a done deal. 2). It's going to sell out the first day. Probably in 2-3 hours. Resold raw coins will sell for $1,800-2,000. PCGS 70's will go for over $2,500. When they get them people will think they are gorgeous. They will never retail for less than the issue price unless they've been damaged somehow. When I get mine, I will wish I had ordered two.
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Pillar of the Community
United States
718 Posts |
More than one person will read my predictions and think I'm smoking something. (I'm presently in Colorado so it's legal)
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Moderator
United States
187862 Posts |
Interesting prediction.  |
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Pillar of the Community
United States
1913 Posts |
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Pillar of the Community
United States
4901 Posts |
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I believe Foxwoods Man was actually disagreeing with Doug58s. That is, FM calls this a coin, Doug58s says it is a coin in name only. Correct...depends on each collectors definition of what a coin is...but I disagree that it would be based TOTALLY on composition. If a W ASE is not a coin then it also holds true that ALL commems are not coins because none of these were intended for circulation...legal tender? Yes, if you are missing a few brain cells... I am more simple in my approach...if it is not portrayed as a bullion product and it is sold by the Mint as a coin then it simply is a coin... Not worth a research project...  . |
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Valued Member
United States
179 Posts |
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Here's what I think is going to happen.....1). Coin will sell for $1,490, that's pretty much a done deal. 2). It's going to sell out the first day. Probably in 2-3 hours. Resold raw coins will sell for $1,800-2,000. PCGS 70's will go for over $2,500. When they get them people will think they are gorgeous. They will never retail for less than the issue price unless they've been damaged somehow. When I get mine, I will wish I had ordered two.
 I totally agree with this. |
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Moderator
United States
187862 Posts |
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I am more simple in my approach...if it is not portrayed as a bullion product and it is sold by the Mint as a coin then it simply is a coin... Sounds good to me.  |
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Pillar of the Community
United States
899 Posts |
Foxwoods... actually the point is - "coins" are authorized by Congress and thus are actual coins. This modern gold offering is not authorized by any bill, has an artificial value of $100 and is nothing more than a US Mint medal. Perhaps you do need to research the history of coins.
The 2009 offering paid homage to the actual real coin that was minted for use from 2007 to 1933... the 2015 "coin" is nothing but a contrived offering.
Edited by Doug58s
07/29/2015 8:16 pm
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Pillar of the Community
United States
1005 Posts |
I like this because it signals a return to beautiful and original symbolic renderings of liberty on our coinage. I think it's more impressive to make a brand new design from scratch and have it look great, as this one does on both sides IMHO.
Edited by llewellin
07/30/2015 02:29 am
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Pillar of the Community
United States
4901 Posts |
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Perhaps you do need to research the history of coins. Maybe, but if YOU had done the research you would know that the Mint has the authority to issue gold coins without the approval of Congress. They just need the approval of the Secretary of the Treasury.... Still on the fence about getting this one....not cheap but it IS a nice coin... |
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Replies: 221 / Views: 36,943 |
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Posted 07/28/2015 4:55 pm
