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2013 $50 Uncirculated Gold Eagle on sale today at noon

Discussion in 'PM's - Coins - Numis - Base Metals' started by hernancortes, Jun 6, 2013.



  1. hernancortes

    hernancortes Gold Member Gold Chaser

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    week 30:

    2011: 7894
    2012: 6114 sold out @ wk 20
    2013: 7298 sold out @ wk 27
    2014: 7130
    2015: 5819
     
  2. hernancortes

    hernancortes Gold Member Gold Chaser

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    week 31:

    2011: 7791
    2012: 6114 sold out @ wk 20
    2013: 7298 sold out @ wk 27
    2014: 7458
    2015: 6035
     
  3. savvydon

    savvydon Gold Member Gold Chaser

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    With the price of gold doing what it is doing right now methinks the 2012 low will likely hold.
     
  4. hernancortes

    hernancortes Gold Member Gold Chaser

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    Yeah, plus the mint's site is showing at least 100 more left in inventory. I guess they struck about 7000 2015's.
    The sales trend is definitely down over the last couple years though, which means the mint may strike fewer of next year's, which could give that one a better shot.
     
  5. hernancortes

    hernancortes Gold Member Gold Chaser

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    Week 32 data for prior years is lost.
    week 32:
    2015: 6157
     
  6. MrLucky

    MrLucky Silver Member Silver Miner

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    Week 32

    2011: 7885
    2012: 6114
    2013: 7329 (this is the number I have not 7298)
    2014: 7544
     
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  7. SongSungAU

    SongSungAU Midas Member Midas Member

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    And they are out of them.

    UncAGE2015.jpg
     
  8. hernancortes

    hernancortes Gold Member Gold Chaser

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    Thanks for the heads up! This is why we keep track of this stuff.

    I just bought and bought until it hurt, paid about $50 over last price the mint had on these.

    MCM had these in MS69 on black friday for about $1325 ea. They and apmex still have 'em but they're higher now.
     
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  9. savvydon

    savvydon Gold Member Gold Chaser

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    I haven't been paying much attention to these. You think it will garner interest?
     
  10. tekhen

    tekhen Seeker Seeker

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    Ouch... the Greysheet from Dec 04 2015 shows what I would consider a drastic drop.
    2011: $1900
    2012: $1950
    2013: $1400
    2014: n/a

    I wonder what has taken place? Aside from the price drop.
     
  11. savvydon

    savvydon Gold Member Gold Chaser

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    I think the continued battering of the price of gold (and silver) has taken it's toll on the rare coin market in general, but especially the modern segment.
     
  12. hernancortes

    hernancortes Gold Member Gold Chaser

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    6147 on the 2015 vs. 6118 on the 2012 for last reported sales. These 2015's went off sale without warning; I checked the day before they went red and they had at least 100 left in inventory. So i'm counting on this weeks sales report not showing like 400-600 more coins sold or anything like that. If I'm wrong I'm not gonna be too pleased. My coins have shipped already... no turning back.:bear_whistle:

    No new key equals no home run but I do see the premium rising a few hundred.
     
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  13. MrLucky

    MrLucky Silver Member Silver Miner

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    ? Can't you just return them since they just shipped and you don't have them yet? Or am I missing something.
     
  14. hernancortes

    hernancortes Gold Member Gold Chaser

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    I didn't get them from the mint

    XLS Sheet saying 6395 sales as of 12/13
     
  15. MrLucky

    MrLucky Silver Member Silver Miner

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    ^^ Oh.

    Wow 6395 vs 6147, that's quite a jump. Maybe it'll drop when they do the final audit (eventually).
     
  16. tekhen

    tekhen Seeker Seeker

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    I will assume that the 2015 mintage will be more than 2012. Even so, it will be the 2nd lowest mintage.

    Given the fiat price drop over the year, it will be interesting to see what happens next.
     
  17. hernancortes

    hernancortes Gold Member Gold Chaser

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    I expect an adjustment up or down from 6395 for next weeks report. Mr. Lucky feel free to check my numbers.
    week 33:

    2011: 7885
    2012: 6114 sold out @ wk 20
    2013: 7326 or 7298 sold out @ wk 27
    2014: 7630
    2015: 6395 (went red)
     
  18. MrLucky

    MrLucky Silver Member Silver Miner

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    Occupation:
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    Week 33, I have:

    2011: 7994 (7885 was week 32)
    2012: 6114 sold out @ wk 20
    2013: 7329 sold out @ wk 27
    2014: 7630
    2015: 6395 (went red @ wk 33)
     
  19. hernancortes

    hernancortes Gold Member Gold Chaser

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    12/20 xls sheet reading 6490 for the 2015. Not what I was wantin to see.
     
  20. hernancortes

    hernancortes Gold Member Gold Chaser

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    My data might be a little off for past years by a week or so but the point is that this years coin was the slowest-selling ever. Given the mint's propensity to play it safe by striking fewer coins than the prior year, next years coin coming out in April could contend for key.

    Sales @ week 34:

    2011: 7944
    2012: 6114 sold out @ wk 20
    2013: 7298 sold out @ wk 27
    2014: 7794 sold out @ wk 34
    2015: 6490 (went red wk. 33)
     
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  21. hernancortes

    hernancortes Gold Member Gold Chaser

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    week 35: 2015 6486 per xls sheet.
    Final unaudited sales: 6533
     
    Last edited: Apr 12, 2016
  22. hernancortes

    hernancortes Gold Member Gold Chaser

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    week 1 sales, $50 gold unc-w A.G.E
    2011: 1098
    2012: 1949
    2013: 1448
    2014: 1844
    2015: 2157
    2016: 2968 (not 2998)
     
    Last edited: Apr 12, 2016
  23. savvydon

    savvydon Gold Member Gold Chaser

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    Wow, that is a helluva week!
     
  24. tekhen

    tekhen Seeker Seeker

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    Greysheet pricing: 04-22-2016

    2006 - $1330
    2007 - $1375
    2008 - $2100
    2009 - n/a
    2010 - n/a
    2011 - $1900
    2012 - $1950
    2013 - $1400
    2014 - not published
    2015 - not published
     
  25. southfork

    southfork Mother Lode Found Mother Lode

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    Greysheets are out to lunch with tons of their prices, try to get even 10/15% under dealer bid and your lucky, theres a large disconnect between their prices and reality
     
  26. tekhen

    tekhen Seeker Seeker

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    I do not disagree but it seems that many LCSs still use the CDN when they buy/sale.
    With this UNC Au Eagle being a 'mintage' winner. At least the greysheet can be used as a negotiating starting point.
     
  27. Starter

    Starter Silver Member Silver Miner

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    I find it helpful to separate premium from melt value, and then apply a discount to the premium.

    For example, if the book value of a 1-oz gold coin says 2000, that equals a premium of 750 (with a spot price of 1250).

    Then I take the 750 and apply a discount factor of 0.35 (the actual number depends on which price scale you are using) to the premium, making it 750 * 0.35 = 262. Added to the melt value, this makes the total value of the coin 1250+262 = 1512.

    Most book prices are overpriced, but the amount they are overpriced may vary across different price scales.
     
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  28. hernancortes

    hernancortes Gold Member Gold Chaser

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    tekhen,
    what does the latest greysheet say for $10 unc-w AGE's? '06 to '08 where the only years made.
     
  29. tekhen

    tekhen Seeker Seeker

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    hern...

    2006 = $550
    2008 = $1400
     
  30. tekhen

    tekhen Seeker Seeker

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    Starter... is that as a buy or sell?

    If I were to buy at $2000, I would not sell at $1512 which is an almost $500 lost, no matter the publication. This is the reason I believe most LCS use the greysheet. You still go by the daily spot but if the coin has a numismatic premium you have to take that into account. Based on your calculations the coin maybe worth $1512(melt) but if selling the numismatic premium has to be taken into account.
    This is one of the reasons, I started to exchange fiat for Unc Au Eagles. Even with the Mint's premium, they have held a hold of their numismatic premium over the years... thanks to all here that started this thread! I really do wish I would have started in 2012!
     
  31. Starter

    Starter Silver Member Silver Miner

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    Of course it is a price scale for buying. When buying, it is always important to buy only at prices well below the book price.

    But on eBay, as we know, buy prices are the same as sell prices, except for the fees, which are around 10% or so.

    When selling, I would raise the premium factor a little bit (maybe use 50% book premium instead of 35%) to account for the fees.

    For example, I bought a 1906-s MS62 half eagle for 423, which has a book price of 775. Taking 35% of the book premium, a fair buy price for this coin would be (775-300)*.35+300= 466. But when selling, I would use a price of (775-300)*.50+300 = 537.

    Either way, whether using the .35 factor for buying or the .50 factor for selling, both buy and sell prices will be well below the book value. Different price scales are biased differently, but once you tune each price scale by the appropriate factor (for either buying or selling) for the premium, they work pretty well.

    Remember, though, that the melt value is a hard price that doesn't receive the discount. Only the book premium receives a discount, and it is added to the melt value. In my earlier example for the 1-oz coin, the melt value was 1250 and the adjusted premium was 262.

    When buying, it is important to find lower prices, but with good research, it can be done.
     
    Last edited: Apr 23, 2016
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  32. hernancortes

    hernancortes Gold Member Gold Chaser

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    Wow the greysheet hasnt budged on the 08 $10 in many years. I'd be over the moon if I could get 1400 minus 20% for all of mine.
     
  33. tekhen

    tekhen Seeker Seeker

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    On some products... my favorite (the 2008 bison) took somewhat of a hit during the spot 'smackdown'. Based on fiat fundamentals not changing, I can see another increase in the fiat spot price of PMs to where Au will break the $2000/ozt mark on the next wave up. I will assume that the numismatic premium will increase accordingly.

    On a 1/4ozt eagle... I agree with you. Too bad, I did not choose both the Au Bison and the UNC Au Eagle when I caught the bug.
    "better late, than never", I guess.
     
  34. Starter

    Starter Silver Member Silver Miner

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    Here is one reason I chose to buy small gold coins rather than large ones...sending them for online sales (through eBay) will have less risk.
     
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  35. tekhen

    tekhen Seeker Seeker

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    Greysheet pricing - Aug 26 2016

    2006 = $1330
    2007 = $1375
    2008 = $2100
    2009 = n/a
    2010 = n/a
    2011 = $1900
    2012 = $1950
    2013 = $1400
    2014 = not published
    2015 = not published

    no changes since April of this year
     
  36. tekhen

    tekhen Seeker Seeker

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    Related history of the Unc. Au Eagle from the Gold Eagle Guide website.
    http://goldeagleguide.com/2006-gold-eagle/

    Along with the Mint's pricing at the coins introduction...
    http://www.usmint.gov/about_the_mint/index.cfm?action=PreciousMetals&type=numismatic
     
  37. HistoryStudent

    HistoryStudent Midas Member Midas Member

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    Wisdom AKA Common Sense - which is not VERY common.

    I see the 2016 are around 5,480 in population tonight from the US Minty.

    I also realize from reading Jordan's OLD book that if the price of gold goes over, say, $5,000.00 dollars the price of rare or low minted coins goes only up around $1,000.00
    ish over that inflationary price.
     
  38. hernancortes

    hernancortes Gold Member Gold Chaser

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    $50 UNC GOLD EAGLE SALES CUMULATIVE @ week 26: (could be off by a few coins but close enough for what we're doing)

    2011: 6769
    2012: 6114 sold out @ wk 20
    2013: 7329 (went red)
    2014: 6044
    2015: 5576
    2016: 5638
     
  39. hernancortes

    hernancortes Gold Member Gold Chaser

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    week 27:
    2011: 7316
    2012: 6114 sold out @ wk 20
    2013: 7326 sold out @ wk 27
    2014: 6193
    2015: 5603
    2016: 5677
     
  40. hernancortes

    hernancortes Gold Member Gold Chaser

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    week 28:
    2011: 7674
    2012: 6114 sold out @ wk 20
    2013: 7298 sold out @ wk 27
    2014: 6363
    2015: 5623
    2016: 5696
     

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