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2013 $50 Uncirculated Gold Eagle on sale today at noon

hernancortes

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I think it's wk 1: $1575, wk 2: $1575, wk 3: $1525, wk 4: $1575.

Clearly the 2011's sales lag is due to the ever rising price of au that summer. Some weeks they were priced at over $2000 from the mint.
 

tekhen

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I have drank the kool-aide.
This will be a hold and sale coin for me. Being a mintage 'king' and with collectors wanting them it is an investors coin.
Thanks again to GIM for the schooling. I missed the boat on this one but never late than never.
 

MrLucky

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For those waiting for a chart. I'll be posting every 4 weeks moving forward. If you need one earlier, just post here and I'll put the current one up.
 

Krag

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Gold regularly is offered at 5% or more under melt in a coin club I am a member of. The catch is no one can join unless they get sponsored and they are non looking for new members.
 

MrLucky

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^^ And the purpose of your post is ......... ?
 

MrLucky

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If anyone's thinking of buying a 2012 coin, now would probably be the time. The 2012's topped out at 6114. Prices will only go up after the lines cross.

And 1061 coins sold @ $1525 ea = $1,618,025 in sales in 1 week.
 

MrLucky

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I have these numbers:

Week 20

2011: 5622 (wk 21 is 5817)
2012: 6118 (sold out) (wk 21 is 6114)
2013: 6765
2014: 5466
 

hernancortes

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week 22:

2011: 5919
2012: 6114 sold out
2013: 7070
2014: 5579

What was the initial strike for 2014? If I were in charge I would've felt safe ordering 7,000 struck.
 

SongSungAU

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I have a question about the numbers on the US Mint website now.

I had kept an Excel spreadsheet at one point with the sales figures I saw on the Coin Update website. I believe they get their numbers from the US Mint, right?

I had recorded 6,118 as the total for the 2012 Uncirculated American Gold Eagle.

If you check the US Mint's website now, they say the 2012 total is 5,829. That's a difference of 289 coins. Is the lower number the "audited" number or something and is it normal for the change to vary that much?

Or is the number on the website incorrect?

Here's what the US Mint is showing now:

2012uncTotal.jpg


source: http://www.usmint.gov/about_the_mint/index.cfm?action=PreciousMetals&type=numismatic


If the lower number is correct, you'd think people who market these coins, like APMEX, would use the lower number. But APMEX is using the 6,118 number (as of right now anyway):

2012Wapmex.jpg


Anyway, my question: Is it normal for the final sales figure to change so much from the initial year-end reported sales?
Thanks for any insight or light you can shed on this. I appreciate it.
 

hernancortes

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I have a question about the numbers on the US Mint website now.

I had kept an Excel spreadsheet at one point with the sales figures I saw on the Coin Update website. I believe they get their numbers from the US Mint, right?

I had recorded 6,118 as the total for the 2012 Uncirculated American Gold Eagle.

If you check the US Mint's website now, they say the 2012 total is 5,829. That's a difference of 289 coins. Is the lower number the "audited" number or something and is it normal for the change to vary that much?

Or is the number on the website incorrect?

Here's what the US Mint is showing now:



source: http://www.usmint.gov/about_the_mint/index.cfm?action=PreciousMetals&type=numismatic


If the lower number is correct, you'd think people who market these coins, like APMEX, would use the lower number. But APMEX is using the 6,118 number (as of right now anyway):



Anyway, my question: Is it normal for the final sales figure to change so much from the initial year-end reported sales?
Thanks for any insight or light you can shed on this. I appreciate it.
See post #146 in this thread. Audited mintages. They can take a LONG time to show up... years. 289 coins isn't too drastic compared to years past. In 2008 all the burnished coins gold silver platinum -- saw huge downward revisions, some by up to 20-25%.
 

hernancortes

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I was wrong, some coins were revised down nearly 40% in '08. As Jordan states in his 1st book, if a coin has a climactic sellout with high sales at the end, it is more likely to show a steeper downward revision in the audit.
Burnished Plat. Eagles, 2008-W
Last reported sales vs. final audited sales
$100 - 4063 / 2876
$50 - 3415 / 2253
$25 - 3894 / 2481
$10 - 4623 / 3706
 

SongSungAU

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I was wrong, some coins were revised down nearly 40% in '08. As Jordan states in his 1st book, if a coin has a climactic sellout with high sales at the end, it is more likely to show a steeper downward revision in the audit.
Burnished Plat. Eagles, 2008-W
Last reported sales vs. final audited sales
$100 - 4063 / 2876
$50 - 3415 / 2253
$25 - 3894 / 2481
$10 - 4623 / 3706

Thanks very much.

I find that amazing that the Mint's numbers can change so much. Is there something other than returns that would lower the sales number? I mean if they sell 4,000 of a platinum coin, I am surprised that they'd get 1,000 returned. What else would factor into the lower number?
 

hernancortes

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Thanks very much.

I find that amazing that the Mint's numbers can change so much. Is there something other than returns that would lower the sales number? I mean if they sell 4,000 of a platinum coin, I am surprised that they'd get 1,000 returned. What else would factor into the lower number?
Cancelled orders by consumers and cancelled orders by the mint probably.