Nov 5th 2020 75th Anniversary Gold Silver Coins

Quote:


I also got a v75 gold eagle and am wondering if some of the gold or US Mint experts on this forum can offer some guidance.

I know the 2019 Enhanced Reverse Proof American Silver Eagle has appreciated quite a bit since its release. And this AGE has much much lower mintage.

If you have a v75 gold eagle, would you hold (and speculate the price will go higher) or sell now?

@GraphTheory I would be quite shocked if gold didn't go up in value over the next few years (not financial advice). As for the premium on the coin, I'm not familiar enough with the AGE series to make a good judgment. I'm holding my ASE, though, due to it being the last piece in a now-finished set, and I suspect that many people will try to fill in the gaps of their ASE collection over the next few years. However, there are far fewer collectors of the AGE (and those who do collect it likely have more money than ASE collectors and might also be more likely to have the resources to fill in all of their gaps at once), so I'm not sure if that feature, which also applies to the AGE, will have the same effect.

I got my two coins in today. Beautiful.

Of course I agree with this. Nothing I wrote was to the contrary.



My point is that people who collect the series and pay the money for the unlimited mintage coins that frequently decrease in value should be put in the line in front of those who are just in it to resell to others.



Many who collect the series didn't get them while people who could care less about coins did.



It was about an hour and 42 minutes, but saying that it was available is a gross misrepresentation of the reality of what happened. I was very patient and spent the entire hour and 42 minutes trying, but failed to get one. Random luck was the primary thing that determined who got one.



I agree appreciation is nice. I thought that the household limit of the 2019-S ERP's was one? Did you buy your extra(s) on the secondary market or did you game the system to get more than your allotted limit (at the expense of a fellow collector)?

BTW, I'm not a collector of the AGE's and I've never purchased one directly from the mint. Most people who have purchased AGE's from the mint have seen their purchases decrease significantly in value as they've lost the vast majority of their premium. By limiting the mintage of this AGE to 1,945 the mint did two things. They ensured that there will never be more than 1,945 complete sets and they ensured that only the extremely wealthy will have an opportunity to be one of the 1,945. I have absolutely no problem with people being wealthy, but I don't think the mint helps its future offerings by limiting the completeness of the series to so few people. Future mint direct sales of AGE's will suffer as collectors won't bother because they don't have a realistic way of completing the series.

I agree that we're mostly on the same page. I just think that the mint could do much better with its distribution process. Their actions show that they don't give a poop about their collector customers. I do wonder where in the world the Citizens Coinage Advisor Committee is on this.

Very nice! Thanks for posting! Really love the AGE design. Wish they would make a silver version of it. Have you decided what path you'll be taking with these?

All bullion ASE's are sold on the secondary market, so they wouldn't be included. If a point system was used for the coins sold directly to the public, then those who buy the unlimited mintage coins (likely to lose value) would be given priority over those who prefer to buy on the secondary market because they don't like losing value on the unlimited offerings. They could do it by series, so getting a priority for limited mintage ASE offerings would mean nothing for the limited mintage AGE offerings.