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 Replies: 7 / Views: 1,319 |
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Pillar of the Community
United States
2168 Posts |
I am wondering why this particular gold coin has increased so much in value. I see them going for near 3000 a piece. Any ideas on why? Thanks!
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Rest in Peace
 United States
1380 Posts |
My fault. I sold mine last winter in a financial tight spot, and since I want to replace it, the price has skyrocketed. As soon as I buy a replacement one, the price will then drop by 50%.
At least that's how it looks to me.
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Pillar of the Community
United States
2589 Posts |
Most of them are now in stable collections, leaving very few on the open market and therefore the high price. Expect the same to happen with the 2011 reverse proof and s mint silver eagles.
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Pillar of the Community
United States
4008 Posts |
Quote:
My fault. I sold mine last winter in a financial tight spot, and since I want to replace it, the price has skyrocketed. As soon as I buy a replacement one, the price will then drop by 50%. OK, no problem... just post here what you are about to do so the rest of us know what WE need to do!  |
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Pillar of the Community
 United States
2168 Posts |
Thank you for all the help. I happened to be checking for eagles in general and saw that these commanded a much higher price.
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Bedrock of the Community
Australia
21788 Posts |
The U.S. Mint tried really hard with these, to produce a superior result. The cost per coin over the bullion price was quite significant. Small wonder they will set you back around $3000 apiece now.
Despite the extra cost, the result, I think, justified the effort. That explains the high initial premium on this product.
I am not interested in NCLT, BUT, I wish I had one! It is truly a superior technical work of art.
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Pillar of the Community
United States
2168 Posts |
So what would you do if you had one keep or exchange for current eagles or other bullion for PM value (or something else for that matter) just wondering
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Pillar of the Community
United States
931 Posts |
I bought one a while back for $2350, but had to return it because it was a particularly poor example. If you are going to get a good one you will pay through the nose. I was surprised how small they seem in hand due to their thickness making up most of the weight. They are about one-half the diameter of a Gold Buffalo, yet they weigh exactly the same. They are a beautiful coin, but the detail is so small you need a loupe to enjoy the beauty. I personally love the Gold Buffaloes, so I stopped looking for an Ultra High Relief Double Eagle. The Buffaloes are such a big, beautiful bullion coin they are hard to beat IMO.
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Replies: 7 / Views: 1,319 |
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Posted 11/16/2011 2:13 pm
