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 Replies: 221 / Views: 36,968 |
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Pillar of the Community
United States
1228 Posts |
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Pillar of the Community
United States
1913 Posts |
"In Stock"? I'm trying to figure out how that's even possible so fast.
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Pillar of the Community
United States
1228 Posts |
Ya they probably payed extra for overnight expedited shipping imagine what pcgs 70 fs cac certified one would go for .
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Moderator
 United States
188213 Posts |
I got the Mint's e-mail for this product today. Not last week, not on release day. Today.
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Valued Member
United States
71 Posts |
Also just got the email, interesting marketing!
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Pillar of the Community
United States
669 Posts |
Got the email notifying me the coin was on sale today also............a minute after I got the email that my order was shipped.
Edited by mrpapageorgio
07/31/2015 6:23 pm
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Pillar of the Community
United States
3789 Posts |
Just remember the reverse proof buffalo coin...gold was tanking then and still is and that coin continues to drop hard from its initial release price.
As someone here said, dont believe the hype. If you really want it, be patient and wait say 6 months. You will get it at a fair market price and not at the US Mint over priced offering.
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Pillar of the Community
1153 Posts |
I doubt this will ever drop below the US Mint offering price, if it does, it might go just a little below. Nobody is going to unload this thing and take $100, $200 or $500 hit just because spot tanks.
IMO the market will hold steady for a while on this. I think the supply will be ample but I don't see the price dropping.
Then again, I am not a gold watcher so I could be wrong.
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Pillar of the Community
United States
1913 Posts |
Quote:
Just remember the reverse proof buffalo coin...gold was tanking then and still is and that coin continues to drop hard from its initial release price. I think that a better comparison would be the 2009 Ultra High Relief (UHR) Double Eagle Gold coin. It had a final mintage of over 115k. They're currently selling in the $1,800+ range. They started out at $1,189 which was $300 above spot. |
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Pillar of the Community
United States
669 Posts |
Picture of the physical coin (rather than the digital image on the mint's website):  Personally: I think the physical final product looks better than the digital images posted on the mint's website. Edited by mrpapageorgio
07/31/2015 10:07 pm
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Valued Member
United States
108 Posts |
The last time the mint released a UHR St. Gaudens (2007-8?), I think they ended up melting down like 80,000 of the things in 2009.
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Pillar of the Community
United States
899 Posts |
Keep in mind - these sold 37,000 coins and had 15,000 buyers... if you think that means there aren't going to be a lot of these available on the secondary market your not doing very good math. This isn't the 2009 offering.
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Pillar of the Community
United States
2589 Posts |
If the order limit was 1 per household I would have gotten my hands on a few, as the secondary market would push up demand and therefore the price
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Pillar of the Community
United States
1913 Posts |
Quote:
The last time the mint released a UHR St. Gaudens (2007-8?), I think they ended up melting down like 80,000 of the things in 2009. So they produced 195k and ended up selling 115k? 115k is still over twice what the maximum mintage of this coin will be. The fact that they melted down coins only speaks to the fact that they overestimated demand at the time. It says nothing about the current demand for the UHR St. Gaudens nor what the demand for this coin will be. Personally, I'd like to see the mint produce a different UHR gold $100 coin each year. I'd buy one. |
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Pillar of the Community
United States
592 Posts |
The ability to afford something like this is far beyond my wildest imaginings at the moment. That is a handsome coin, and I really wish I could have afforded to buy one.
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Replies: 221 / Views: 36,968 |
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Posted 07/31/2015 3:25 pm
