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 Replies: 52 / Views: 9,647 |
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Pillar of the Community
 United States
1450 Posts |
Who knows where spot PM market will go next month, next year or next decade?
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Pillar of the Community
United States
1026 Posts |
Just in case anyone is looking for a Standing Liberty 2016 Centennial Gold Coin for less than issue: https://www.ebay.com/itm/2016-W-US-...302211604872I think the lowest price ever at the US Mint was $422.50 - $419 with free delivery beats it. The latest sales figure (Jun18) is 89,463 out of a max of 100,000. |
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Pillar of the Community
United States
1026 Posts |
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Pillar of the Community
United States
4901 Posts |
This is what happens with unrealistic (or no) mintage limits.
This coin has been on sale for around nine months with still plenty of time to go and you can buy it from re-sellers for a significant discount to what it is still selling for at the Mint.
There has to be a happy in between here....
Same thing will happen to this years' silver medal
Edited by Foxwoods Man
06/27/2017 4:55 pm
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Pillar of the Community
United States
1026 Posts |
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Bedrock of the Community
 United States
12845 Posts |
WOW. How does that even work?
If you're just comparing spot price, that's nearly $1500/ounce. Still "ouch" considering spot is $1255, but way less "ouch" than the $1700/ounce retail.
SO, what's the catch? The listing looks legit. Are they just selling the ones they know won't get a 69 or 70?
Edited by CelticKnot
07/28/2017 02:04 am
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Pillar of the Community
United States
4901 Posts |
A couple of weeks ago a raw one sold for $700 (in a capsule..no OGP) and the packaging sold the same day for $30
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Pillar of the Community
United States
744 Posts |
Quote:
To me, that is one major hang up on these wonderful US mint coins, the customer base is so small, an aging, dying demographics. Now dont get me wrong, I am not trying to put down or disrespect the much older senior collectors among us or older than me. I totally respect seniors, but the question must be, who else besides this older demographic will appreciate these coins on the secondary market? The older folks, like me, no longer have kids at home, have most of the tools and toys we wanted, and now have some disposable money for buying coins again. I collected as a kid, put when y kids came along, taking care of family came first. 2009 hit a lot of people hard and the money they used to spend on hobbies dried up. General aviation is about 80% people over 50 now, just as an example. (Younger aviators are looking for careers, not fun) As the economy grows and recovers, younger people will get back into hobbies... Just an old guy opinion... |
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Pillar of the Community
United States
744 Posts |
I should include that I have all 3 also...
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Pillar of the Community
United States
1450 Posts |
I think a big part of the problem with the 2016 coins is price. You notice how fast the Dimes went, but when you get to more expensive SLQ's and LWH's they linger on the mint market for almost a year. The gold dimes went fast and they even issued more due to demand. I bet if the Mint offered the dimes again they would sell out fast because most collectors love them. Not that many younger collectors have $800 plus to buy a modern gold coin.
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Moderator
 United States
189219 Posts |
Price is definitely a factor. The mushy design is probably another.
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Pillar of the Community
United States
1026 Posts |
Current low-ball offer on the 1/2oz Walking Liberty is ProvidentMetals at 6% above spot: https://www.providentmetals.com/201...-dollar.html96 in stock and probably grading rejects. But at essential bullion price this is a good opportunity to buy it. Current US Mint price is US$915 in comparison. |
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Bedrock of the Community
United States
12845 Posts |
Thanks for the link. At 6%, that's hard to pass up!
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Pillar of the Community
Canada
5246 Posts |
Well, here in Canada, 99% of mint products sell for below issue price in a few years after issue. The market is saturated. What is the track record of US mint products?
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Valued Member
United States
154 Posts |
I'm not an expert but I would put the U.S. at about 95% as there are a few products that have increased in value but some of that is hype, some of it demand and some even folklore (labels).
I also have the 3 100 year anniversary gold commems and yes the price hurt.
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Replies: 52 / Views: 9,647 |
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Posted 06/27/2017 09:35 am
