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 Replies: 21 / Views: 2,822 |
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Pillar of the Community
United States
2764 Posts |
Who bought First Spouse Gold Coin? Why did you buy it? Is it worth it? What's your plan/what are you going to do with them (ie: Sale or keep)?
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Valued Member
Canada
86 Posts |
I can't see making any money on something that is so readily available.
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Pillar of the Community
United States
2269 Posts |
Did not purchase any, I only plan on purchasing the Jefferson Uncirculated.
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Valued Member
United States
414 Posts |
Spider5689, it looks like we have a competition on Jefferson UNC.
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Pillar of the Community
United States
2269 Posts |
I can see the Jefferson selling out faster than the first two.
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Valued Member
United States
414 Posts |
 Last time, there are four coins. With Jefferson, there only two. But with the Internet, I think it will run out in one hour. |
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New Member
United States
25 Posts |
Well, I didn't get any but they are selling on ebay around $700 a pop, proof or unc. Issue price was what? Around $430 for the proof and a little less for the Unc. Talk about a quick return on your investment. I recommend if anyone has these to sell them now! Once the fad..fades they will drop in price and at the least you will just have a half oz of Gold. Edited by coininfo
07/17/2007 5:13 pm
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Valued Member
United States
246 Posts |
the only thing is, the fad won't fade for probably 11 or so years when the last coins are finally minted.....the first two sure appreciated quickly.
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New Member
United States
25 Posts |
People will get tired of collecting them and demand will go down as well as the price. But hey, if you don't think so, hold them and don't get double what you paid. BTW, if you had to sell them to a dealer 2-3yrs from now..do you really think a dealer is going to pay these prices for a half oz of gold? Not likely unless gold goes up to $1400 an oz in 2-3yrs
Edited by coininfo
07/18/2007 12:56 pm
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Valued Member
United States
246 Posts |
See, I believe yes the fad may drop slightly, but who's the one collecting these coins? I can't afford to collect them all, but I bet there are at least 40,000 who can, and then some, and are willing to pay a big premium for these. Who is paying $700 right now for the coins? I can't see a pure speculator paying this price for something and holding it for years to sell later for a profit. That wouuld tie up too much money VERY QUICKLY. If one were a gold speculator, they wouldn't buy these, they would buy bullion, but that's just my take. I'm a noob :)
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New Member
United States
25 Posts |
The ones collecting are probably people that think it's going to keep going up. But like the 1986 Statue of Liberty set, when the mint released this comm. they set a mintage limit. The Comm. sold out very quick, was selling for double the issue price for a time and then dropped. Right now, those are selling at half the issue price. I am guess a higher percentage buyers bought these to resale on ebay. Making the coins "Rare" because they mint sold out so fast and created a temperary false demand. Who knows, maybe these coins will always be in high demand. But no one really knows the future. I can tell you this, I will try my hardest to get the next Spouse coin, especially if the mintage is the same. After I get my allocations from the mint, you will see them for sell as well on ebay. Profit is to huge not too...the problem is getting them |
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Valued Member
United States
246 Posts |
OH if I get any, they will go on sale as well. I'm just saying that for future coins, I think they'll all be like this. Be up for a month or two, and then slowly drop afterwards, though I still think you will make a profit if you got them directly from the mint.
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New Member
United States
12 Posts |
Am I missing something with the Jefferson? Why do some of you see that going quickly?
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Valued Member
United States
414 Posts |
Washington and Adams were sold out in 75 minutes at the same time (basically four coins, two version for each). That is before anyone know they will be sold out. When Jefferson comes out, there will be only two coins (UNC and proof). Since Washington and Adams are doing well now on ebay, a lot of people will rash to buy Jefferson. The only bottle neck for how quick it will be sold out, I think, is the mint's web traffic and phone traffic, which I predict it will be out at about one hour. See what other might think. |
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Bedrock of the Community
United States
12437 Posts |
Jefferson did not have a wife while in office so his spouse will be represented by Lady Liberty from a 1800-1808 Draped Bust half-cent. The old-school image of Lady Liberty will probably be very popular since it isn't just the mostly unknown dead wife of a dead President.
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New Member
United States
12 Posts |
(I am going to try and buy a jefferson 'spouse', so please do not consider this a contradicting comment)
The only thing about buying the jefferson spouse because of the lady liberty, am I not correct in the fact that all of the presidents that were not married will also have the same scenario on their gold coin? I beleive I read somewhere that three of the presidents coming out next year were not married, but I may be wrong, it was sometime ago that I read that....
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Replies: 21 / Views: 2,822 |
Posted 07/17/2007 3:00 pm
