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Replies: 52 / Views: 9,625 |
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Pillar of the Community
United States
3789 Posts |
FIRST, let me say, I LOVE LOVE LOVE LOVEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE the eagle on the 1/2 ounce gold Walking Liberty coin. The eagle looks BEAUTIFUL, how majestic it looks. To me it screams " I am going to kick your a**", you better step back before my talons dig deep. Total strength, power, is displayed in this coin.
That said, 69s are coming in well below from the Mint's pricing and thats a negative sign for now. That means as spot gold goes lower, so will this coin.
My question to the gang here is- after some of the info I read over Us Mint blog over the demographics (such as the US Mints biggest base of customers are, lets say, a much OLDER age group) is anyone here concerned over re-selling these coins down the road.
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?
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Pillar of the Community
United States
2023 Posts |
Quote: 69s are coming in well below from the Mint's pricing and thats a negative sign for now. That means as spot gold goes lower, so will this coin. Well, most of the graded coins are coming in as 70s (at PCGS, it's about 7-to-1 over 69s), so 70s aren't getting a premium so much as 69s are getting a discount. Even 70s are selling on ebay for slightly less than the current Mint's price, but those had to have been purchased a while ago when gold was lower. In that sense, 69s are effectively nick-and-dent offerings, while 70s are barely holding their own. With mintages as high as they are, and the fact that they are still available from the Mint, spot is what anything under 70 will go for. Quote: ...who else besides this older demographic will appreciate these coins on the secondary market? From some of the other threads (such as "who attends coin shows") and succeeding comments, I'm getting the impression that the hobby tends towards older demographics with more expensive coins, but many younger collectors (and perhaps some younger non-collectors) will become older collectors someday.
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Pillar of the Community
United States
3789 Posts |
thing is, an older smaller collector base is not healthy for the US Mint.
They need to step up their game, and I highly doubt that in a society today where you have more and more folks staying at home with their parents because they cant afford rent and have many more interests than coins, that younger folks are going to fill in the gaps.
Its time the US Mint partners with all world mints, exports their product to other mints and reaches other collectors, besides the aging population.
Look, I became aware of AGE and SAE coins when I dropped into a baseball card shop that was inside a coin shop, seeing the coins in there and other older US currency sent me to my local bank, First Midwest, and in the lobby, they had this tall closed glass case, and inside was the entire run of proof gold eagles, I remember my friend and I just looking at these coins, stunned at all that gold lol
of course the lady who showed us was surprised and really not too crazy about telling us about these coins, I mean what are two young bucks, crazy about girls and baseball, going to be interested in gold and silver eagles lol
But I think about it and my friend didnt end up being a collector, but I did. None of my friends collected, none. In fact, the only people I know that collect these coins, its always much older folk, seniors to be exact.
So my worry is the US Mint needs to step its game, give these coins a much bigger exposure and I Think it needs to be done overseas FIRST and then a local effort, such as encouraging banks to sell collector coins and proof gold and silver, have them in the lobby, so that maybe at least 1 out of 1,000 takes a look and gets hooked.
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Pillar of the Community
United States
5208 Posts |
Is the mint still selling these on the website?
If not what are the final mintage numbers for each issue?
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Pillar of the Community
United States
2023 Posts |
The gold SLQ and WLH are still available directly from the mint. According to http://www.coinnews.net/2017/03/09/...n-set-debut/ -- the current sales figures are: SLQ = 88,511 WLH = 61,573 The dime is no longer available. Its final sales figure is 124,885.
Edited by Alpha2814 03/10/2017 12:40 am
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Pillar of the Community
 United States
1450 Posts |
To me the Mint just charges too much for what are essentially bullion coins. The Mercury gold dime went fast because of the price. You could buy a tribute to the coins of 1916 for relatively small price. The SLQ and WLH are much more expensive and the size problem shows up as a negative for me. I did buy them anyway. If you show a SLQ, Mercury dime or LWH to a person under 40 years old they will not even recognize them as US coins unless they are coin collectors. All the 1916 silver coins have been out of circulation for decades. I was born in 1950. I remember seeing LWH's, SLQ's and Mercury dimes in circulation up until the early 60's. After that it was rare to see a silver coin in circulation. Even the silver Washington, Franklin and Roosevelt coins disappeared in mid 60's. By 1970 which was 47 years ago I bet almost all silver US coins were in collections or had been melted. Most people under 40 don't recognize the Peace or Morgan silver dollars and probably not the Ike dollars either. I think the last people to really use silver dollars were casino's in Vegas. When silver prices went way up during 1980's and again 2010-11 I bet a lot of silver coins were melted illegally. For the mint to charge over 100% markup on bullion commemorative coins does not make sense to me. Gold and silver stackers are not going to line their safe's with coins directly from the Mint. They will look to buy them at small premium over spot prices.
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Pillar of the Community
United States
2023 Posts |
Quote: For the mint to charge over 100% markup on bullion commemorative coins does not make sense to me. Markup for these coins is on the order of 45-50%. I don't see a single thing on the Mint's pricing schedule with a markup higher than that.
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CCF Master Historian of USA Commemoratives
 United States
12279 Posts |
Quote: To me the Mint just charges too much for what are essentially bullion coins. That is your opinion and I can't argue it, but the fact is that these coins are not "essentially bullion" and were never intended to be such. Quote: For the mint to charge over 100% markup on bullion commemorative coins does not make sense to me. First, these gold coins are not bullion pieces - they are specially-struck and handled collector coins. Expecting them to be priced near their bullion value is an unrealistic expectation. Second, the coins are not priced with a 100% markup. Yes, the markup exceeds 40%, but that is in line with other numismatic/collector coins from the US Mint (and is a much lower premium than what is charged by many other world mints). Quote: Gold and silver stackers are not going to line their safe's with coins directly from the Mint. They will look to buy them at small premium over spot prices. These coins were never intended for "stackers" and so they are not relevant in a discussion of the sales of these coins. They were meant for collectors - those who are more familiar with the history of US coins than a member of the general public.
Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Pillar of the Community
United States
3789 Posts |
Hey, I was over the past decade and a half been a strong buyer of the US Mints proof silver and proof gold eagles and have all the various sizes, especially in gold. My main beef is its much more cost effective to bid on an auction from say MCM or another reputable dealer for a PF 69 than buy right from the Mint. As silver and gold prices tumble, MOST of these proof eagles go for much less on ebay, not all but most do, thats a mintage game on the ones that stay high and one I do not play. The other thing is I wish the US Mint would start some sort of gold and silver series based on animals found in this country, or a bird series, something.... I do like the eagles but I got MORE than enough lol The LWH, while the eagle is just man, I could write paragraphs for DAYS on how much I like it being produced in gold, my worry is what if I had to sell, is it going to take forever to sell the darn thing? That said, that eagle on the coin is driving me nuts and I most likely satisfy the itch by getting one and saying "screw it, if I have to sell I will deal with it later" lol. But I mean, these are collector coins, the proofs that is. It is hard to compare them to bullion. However, when they get sold on the secondary, heaven forbid you go to a coin shop, they are only going to give you spot.
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Pillar of the Community
United States
2023 Posts |
Quote: The LWH, while the eagle is just man, I could write paragraphs for DAYS on how much I like it being produced in gold, my worry is what if I had to sell, is it going to take forever to sell the darn thing? Depends on what kind of price you're looking for. List it on ebay with a starting bid of 99˘ and I guarantee it will sell for at least spot.
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Pillar of the Community
 United States
1450 Posts |
You know the items that are sold as being collectable with documents of authenticity are not usually collectable. Items become highly collectable because people like them. The 1921-D LWH dollar was not made as a collectable, nor were the Saint-Gaudens $20 pieces. They became highly collectable by accident due to the government melting those Saints from the 1920's down due to FDR and the Great Depression. The 1916 LSQ was not sold to the public solely as a collectable (perhaps a bit since every collector knew it would be low mintage and rare) but as currency. Some of the classic commemorative coins sold are highly collectable and some are not. The 1922 Grant Memorial, with Star in Obverse Field is highly collectable because only 4256 were minted. The Grant Memorial coin with no Star is not highly collectable because 67,405 were minted. It is funny with the Booker T. coins since they were minted from 1946-1951 and some are quite scarce (6000)and they just don't cost that much and the same with the Daniel Boone Bicentennial coins with 1938-D set (2100) for $1640 in MS65. I have read that the 1986 Statue of Liberty Gold $5 coin is highly desirable as is the 1987 Constitution $5 gold and the 2006 San Francisco Old Mint gold $5. What about markup on Silver Eagles. I can usually buy them for a few bucks over spot after a year but the mint wants twice that in many cases. I believe the Silver Eagles and Gold Saints and Buffalo's are a combination of bullion and commemorative coin. The mint does not seem to be able to keep some gold coins in stock and I mean the gold coins of lessor value than the 1 ounce coins. I am not arguing but I just don't want to pay such high prices for coins whose value is mostly due to their being gold.
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Pillar of the Community
United States
4211 Posts |
dime was $205 quarter was $485 half dollar was $865 On the first day of issue. I bought one of each and have no interest in ever reselling them. 
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Pillar of the Community
United States
1277 Posts |
was happy to pick up a sp69 walking liberty off ebay last week for under $700 after considering the ebay bucks
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Pillar of the Community
United States
2023 Posts |
Well done! 
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Pillar of the Community
United States
3789 Posts |
wow that was a great deal, but bodes ill for future prices lol
the only thing that will float these coins higher will be a rising spot PM market, which is tough right now
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Replies: 52 / Views: 9,625 |