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2013 Age

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Author Previous TopicReplies: 8 / Views: 1,565Next Topic  
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ghostrider's Avatar
United States
1116 Posts
 Posted 04/23/2013  11:25 pm Show Profile   Bookmark this topic Add ghostrider to your friends list Get a Link to this Message Number of Subscribers
I usually purchase proof gold eagles from the mint and hold onto them for my kids. Last year I got caught short and wasn't able to purchase them at all. This is the first time in over 11 years that I didn't get a suitable number of coins.

I'm not going to be caught like this again. On ebay they are asking for almost 40% more than I could have purchased them for from the mint. Current ebay prices are 50% higher for 2012 than 2013 coins.

So I'm truely considering on doubling up on the quantity that I would normally buy (2) but at the ounce size it is going to get expensive. So I think that this year I'll be doubling up on the 1/10 ounce size (which fortunately for me is what I usually buy).

So it's going to be expensive if I go after the 2012 proof coins. And I'm not sure if it is worthwhile. Any opinions?
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BH1964's Avatar
United States
10982 Posts
 Posted 04/24/2013  02:31 am  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
It's great you can purchase some gold and put it away for your children's future. If it was me then regular BU AGEs would suffice. The premiums are lower and you have the same design and liquidity. BU pieces aren't as flashy as proofs but are still very nice.
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basebal21's Avatar
13014 Posts
 Posted 04/24/2013  03:27 am  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
BU pieces have more risk for the price of gold dropping though.

As far as the initial question theres no surefire answer. Some coins take off more than others and the future price of gold is a iffy if youre buying just to flip. About the best you could do is look at last years issue and see what its doing now since thatd be the time frame to sell I assume, and unless there was some unusually low mintage this year will probably follow suit
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Scropper's Avatar
United States
702 Posts
 Posted 05/01/2013  3:41 pm  Show Profile   Bookmark this reply Add Scropper to your friends list Get a Link to this Reply
ghostrider, although I have not used the site a great deal personally, I've seen good deals on teletrade for gold - in particular classic gold. You may look into a couple of classic pieces to augment the set and make up for the lack of 2012s until you find just what you're looking for. Another alternative is a modern gold commem, the star spangled banner coins are pretty. I have no affiliation with aerlooms whatsoever, I've seen them offer specials that are pretty nice. Not sure if they even offer proofs, but it might be worth looking into. Keep an eye out on the bay and if you look hard enough and stay diligent, I'm fairly sure you'll find the deal you're looking for.
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SA4H's Avatar
United States
2764 Posts
 Posted 05/01/2013  5:29 pm  Show Profile   Bookmark this reply Add SA4H to your friends list Get a Link to this Reply
I think part of the reason for 2012 extra premium is because of the mintage (many people were caught off-guard by the Mint's sudden end to many of the coin). Here's 2012 Proof AGE for your research/reference (in order of 1oz - 0.5oz - 0.25oz - 0.10oz): 14,848 - 3,962 - 4,969 - 11,680.

If I have the money, I would buy the uncirculated version of the First Spouse (24 karat gold, 1/2 oz size).... just pick a year/design that you like. The mintage is in the low 2K. It's like a sleeper series in the making....
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basebal21's Avatar
13014 Posts
 Posted 05/01/2013  6:08 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
The first spouse do have really low minatges, but also really low interest. You could have a mintage of 10 but if only two people want them there would be no premium. Now if interest picked up they could get some nice premiums, but will interest really pick up anytime? They aren't exactly new and they do compete against all gold and platinum products at those prices. Time will tell but so far other series have proved more popular
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ghostrider's Avatar
United States
1116 Posts
 Posted 05/01/2013  6:11 pm  Show Profile   Bookmark this reply Add ghostrider to your friends list Get a Link to this Reply
Scroper thanks for the info I have looked at Heritage or Teletrade and saw that they deal primarily in graded coins and I was hoping to stay with proof coins that still have their OGP and I have looked at ebay and will continue to look there and at the lcs. I know that I am going to be paying a premium, it's just how much of a premium am I going to be willing to pay.

SA4H: like a number of other folks around the country I was caught short by the unexpected closure of last year's AGE. If last years coins aren't a key date they are really close to that status. If I can't them through a LCS there is a big coin show in my area over the 4th of July that may be just the ticket.

Your suggestions about 1st spouses is an excellent one and the uncirculated species of that issue is an outstanding choice and one that is surely to appreciate in time. It would probably either be a 1st spouse or the gold commerative coin that I would get as a replacement. However, my druthers would still be the 1/10th ounce AGE if I can find one or two.

My other alternative is to purchase 2 of the 2013's for each and be done with it.

I know well enough if I give them the money to purchase the coin on their own it will never get done. So it's going to be my decision and action that will get it done.
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Scropper's Avatar
United States
702 Posts
 Posted 05/02/2013  1:37 pm  Show Profile   Bookmark this reply Add Scropper to your friends list Get a Link to this Reply
There's something about those first spouse coins that I think will stand the test of time... Presidents, too...
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SA4H's Avatar
United States
2764 Posts
 Posted 05/03/2013  05:04 am  Show Profile   Bookmark this reply Add SA4H to your friends list Get a Link to this Reply
I agree with basebal21.

However, comparing the premium of the AGE vs the 1st Spouse Gold coins, they are pretty much equal (getting from the Mint, on release). The 1st Spouse sometime can get have for cheaper than the AGE. An other advantage to that is the fact that it's 24karat (0.9999 gold), the purest US gold coin, and those information are on the coin so in the worst case scenario, it would be easily trade-able anywhere gold is recognized (not just the US or western countries)..... I am saying this because Asian culture value 24k gold more and command a slight premium over 22k gold. As for the interest, currently it's minimal, but at such low mintage, you don't have much to loose (average circulated bullion gold coins, half oz, usually have the premium of about $50 above spot), for $50 on top of that, you can have the 1st Spouse coin in a nice presentation box at a much lower mintage, why not? Add on it the history behind the coin and the history of the 1st Spouse. This is just my take (disclosure, I haven't able to afford to buy any of the 1st Spouse lately (the last one I've bought was the Lincoln), but I am aiming for the Alice Paul.... hoping may be I can sell/exchange the Lincoln for the Alice Paul or may be save enough to buy it before the Mint end it (may be in early June)).

Another way to look at this: Consider the premium % for each of the gold coin, to get the most bang for your buck. I am sure the 1st Spouse have the lowest premium % of any 24k gold coins and it's probably no more than 5% above AGE premium %.

@ ghostrider: I like your alternatvie of 2x 2013 AEG. However, I can't blame you for hunting for the 2012 as I do hate to have the series be interrupted.
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