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 Replies: 11 / Views: 1,179 |
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Pillar of the Community
United States
3098 Posts |
Right... by the way the market is heading, the St Gaudens is going to be in the ballpark of $1200 to $1300. The question is should I get it now from the mint, or wait for it to enter the secondary market? If so, where should I get it from, then?
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Bedrock of the Community
United States
10982 Posts |
If you can catch the price of gold under $800, and I think it will be this spring, then you can get one for $1139. At that price you should buy it if it's on your want list.
My UHR 2009 brochure showed up today. The coin purchase includes a few extras including a book on the history of the 1909 Double Eagle, the special mahogany presentation case, and the COA.
My gut tells me we'll see $749.99 gold in the first half of 2009. That would put your purchase price at $1089. I'd buy from the Mint directly and funds permitting, plan to do so.
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Pillar of the Community
 United States
3098 Posts |
UHR Brochure? Can I see?  And how did you get it? And yeah... I think after this rise (this week and the next) it's going to get recession-ized and then drop to the 700s. The 3 month charts shows the gold up and down but mostly on a negative slope, comparing the peaks and valleys of each trend. Given this drop, should I still buy it from the mint? |
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Bedrock of the Community
United States
10982 Posts |
Quote:
Given this drop, should I still buy it from the mint? For under $1100 the mint's a good bet. I'd go for it too if I had the funds available but I'm saving for another purchase (non-coin  ) I'll see if I can upload a couple pics of the brochure. |
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Bedrock of the Community
United States
10982 Posts |
Edited by BH1964
01/17/2009 01:05 am
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Pillar of the Community
United States
1228 Posts |
Yes do buy it you wouldnt want to live to regret it once in a lifetime opportunity in my opinion!
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New Member
United States
4 Posts |
This on is also on my want list. It is going to be an absolutely beautiful coin
john
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Pillar of the Community
United States
1231 Posts |
The US Mint currently lists the price as $1189
and the following...
The United States Mint will accept orders beginning on January 22, 2009 at 12:00 noon (ET). Orders will be processed on a first-in, first-out basis, and could potentially take up to six to nine months to complete based on gold blank availability.
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Valued Member
United States
193 Posts |
My understanding is the the blanks are made in Canada and their availability is what has driven the production.
As BRETT as stated 6 to 9 months puts us in October and in 2008 the mint stopped producing Silver Eagle proofs in August, if there is a finite supply of blanks then there is a finite mintage. There is also the demand factor of 100 years of anticipation. A coin/bullion dealer recently told me that he thinks 'this is one to get early'.
On Thursday I'm in.
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Pillar of the Community
United States
1231 Posts |
And thr price will change as gold does. here is the link to the US Mint's pricing chart http://catalog.usmint.gov/wcsstore/...rey1-15G.pdfWhich in essence says... Gold Price = $ 500.00 to $ 549.99 then Coin Price = $ 889.00 Gold Price = $ 550.00 to $ 599.99 then Coin Price = $ 939.00 Gold Price = $ 600.00 to $ 649.99 then Coin Price = $ 989.00 Gold Price = $ 650.00 to $ 699.99 then Coin Price = $1,039.00 Gold Price = $ 700.00 to $ 749.99 then Coin Price = $1,089.00 Gold Price = $ 750.00 to $ 799.99 then Coin Price = $1,139.00 Gold Price = $ 800.00 to $ 849.99 then Coin Price = $1,189.00 Gold Price = $ 850.00 to $ 899.99 then Coin Price = $1,239.00 Gold Price = $ 900.00 to $ 949.99 then Coin Price = $1,289.00 Gold Price = $ 950.00 to $ 999.99 then Coin Price = $1,339.00 Gold Price = $1,000.00 to $1,049.99 then Coin Price = $1,389.00 Gold Price = $1,050.00 to $1,099.99 then Coin Price = $1,439.00 Gold Price = $1,100.00 to $1,149.99 then Coin Price = $1,489.00 |
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Bedrock of the Community
United States
20753 Posts |
Nice to know someone has money lately. I don't think to many people even have jobs now. I know you won't see any Circuit City employees buying those.
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Pillar of the Community
United States
3098 Posts |
No, not really. I have a Krugerrand that I got near the low 800s before as a hedge for this. I'll probably wait for a few weeks for gold to go up this cycle and sell it for near 900.
But... both my parents have been without a job (actually their company - a huge tech firm - is on an indefinite shutdown, so that means the company is not really dead but on life support) for 2 months now, so I'm probably just going to sell the Krugerrand and then deposit the money...
In this time... cash is king...
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Replies: 11 / Views: 1,179 |
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Posted 01/16/2009 11:57 pm
