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Small US Gold Coins

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Lost another 4 coins to 5160.
When one coin is the center of attention, there is no need to point out which one it is.

Something tells me that the 2017 Boys Town coin coming later this year will be overshadowed by this coin, even after the release. Maybe it will still get a low mintage, due to lack of attention...but it won't have the advantage of as many competing gold coin offerings at the Mint.
 
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When one coin is the center of attention, there is no need to point out which one it is.

Something tells me that the 2017 Boys Town coin coming later this year will be overshadowed by this coin, even after the release. Maybe it will still get a low mintage, due to lack of attention...but it won't have the advantage of as many competing gold coin offerings at the Mint.
By the way, Louis Golino seems to have high hopes for the Boys Town coin, but I have learned to disregard his prognostications, for the most part.
 

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If there's a prognosticator who is consistently, uncannily correct about moderns I have yet to meet him. The 2008-2011 years had a lot of people like me thinking this is all a piece of cake and look at us now. Until a new bull in pm's and a subsequent bull in numis the pain for those who bought high, and the boredom for others continues.
 

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10 more removed. 5150.
Good insurance to cover for any counting errors.

I think it is now safe to say that the new mintage record will stand.
 

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One lucky bidder on eBay got a 2013 5-Star Generals coin at MS70 for $490 (with $5.95 shipping), about a week ago.

http://www.ebay.com/itm/2013-P-5-St...993147?hash=item3ad8d5cbbb:g:FWcAAOSwImRYgq89

Granted, this coin was knocked from the 2nd place spot in the mintage rankings by the 2016 NPS coin, but its mintage is only a few hundred higher than the 1997 JR coin and it was easily going for $600 less than a year ago.

I will be looking for this coin to stabilize somewhere around this price, but maybe closer to the mid-500s.
 
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Grading results/ submission of 20 Parks gold $5 unc at pcgs: (14) MS70, (6) MS69
That is one more thing still on my to-do list for this year.

I will probably go with NGC, as that is my preference.
 

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Speaking of sports, seeing this coin win the "super bowl" in overtime was quite a relief, especially for someone on the wrong side of this year's actual super bowl.
 

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Finally...sales of the 2015-w US Marshals gold unc have been rising in price on eBay within the last 6 weeks, with sales of 485, 440, 469, and 465 for MS70 coins.

My buy prices for the MS70 coins I purchased were 419, 405, and 388. Taking the average of these prices, 404, and comparing it to the average of the 4 recent sales on eBay, 464, we are genuinely starting to see solid footing for this coin's price on eBay. I credit this development to the recent success of the 2016-w National Park Service gold unc coin, which has created a positive ripple effect in the prices of other gold unc commemoratives (especially the 2016-w Mark Twain coin, which I now regret not buying last year...the Mark Twain coin is now selling in the upper 600s, only about 100 below the NPS coin).

I have been patiently waiting for this time over the course of more than a year!
 

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Finally...sales of the 2015-w US Marshals gold unc have been rising in price on eBay within the last 6 weeks, with sales of 485, 440, 469, and 465 for MS70 coins.

My buy prices for the MS70 coins I purchased were 419, 405, and 388. Taking the average of these prices, 404, and comparing it to the average of the 4 recent sales on eBay, 464, we are genuinely starting to see solid footing for this coin's price on eBay. I credit this development to the recent success of the 2016-w National Park Service gold unc coin, which has created a positive ripple effect in the prices of other gold unc commemoratives (especially the 2016-w Mark Twain coin, which I now regret not buying last year...the Mark Twain coin is now selling in the upper 600s, only about 100 below the NPS coin).

I have been patiently waiting for this time over the course of more than a year!
Speak of the devil...I found auctions for both of these coins over the weekend and won both of them!

http://www.ebay.com/itm/2016-W-US-G...975145?hash=item2cbcda29a9:g:s1IAAOSwSlBY4Vd~

http://www.ebay.com/itm/2015-W-US-G...972051?hash=item2cbcda1d93:g:qR8AAOSwU8hY4VbB


Due to the unusual timing of these auctions (both ending on an afternoon, instead of an evening), I think there were fewer bidders than usual, resulting in lower auction prices. The prices with shipping for the two coins were 439 for the Mark Twain coin and 399 for the US Marshals coin, both graded at MS70, which are both significantly lower than recent sale prices for both coins.

The moral of the story is that auction prices tend to be lower than "buy it now" prices. In these examples, the difference in price for each coin was substantial. I enjoyed an "auction discount" of $50+ for the US Marshals coin and $150+ for the Mark Twain coin (readers of my posts may have noticed my anxiety over failing to buy this coin at a good price...at last, this anxiety has been dispelled!).

It seems that the "auction discount" tends to be larger for less well-known coins. In these cases, the scarcity of both of these coins was probably not recognized by casual bidders, but more informed buyers (aware of the low mintage of these coins) were willing to shell out more money for these coins with the "buy it now" method.
 

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Nice snags. Seems like you are on your way to forming the nucleus of a nice $5 gold commem collection. Congrats
 

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Nice snags. Seems like you are on your way to forming the nucleus of a nice $5 gold commem collection. Congrats
As I remember from last year, I started collecting these coins in order to branch away from the ATB 5-oz series I have been collecting over the last 4 years.

Out of the 18 $5 gold coins I have bought up to now, many of them are NGC-graded coins bought by auction on eBay. I enjoy being in the driver's seat and having some control over the prices of the coins I buy. I try hard to discipline myself to avoid paying too much for a coin, by setting limits on my bids. I also like the extra security provided by the NGC slab and serial number (although a few NGC counterfeits exist, I believe the modern commems will be harder to counterfeit).

My first gold coin was a MS70 NGC 2015-w Marshals gold unc coin, and yesterday's auction win will bring my count of that coin to 4. I am happy to own these 4 coins, as I still think the coin has more upside in the market. I believe this coin marks the first issue of the new wave of rare unc gold coins from the Mint, closely following the previous wave of coins from 2011 to 2013. There is quite a gap in price between this coin and the 2012-w Star Spangled Banner coin, which I still believe will be narrowed.

I am also encouraged by the great performance of the 2016-w NPS gold unc in the secondary market, but I still have work to do for the 6 of these coins I bought last year. I plan to send them in to NGC for grading, along with some of the 2017 silver dollar commems I ordered recently.

After the dust settles from tax reporting, spring yard maintenance, and my most recent wave of coin purchases, I will look into sending in those National Park coins for grading.
 
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I did pick up a NGC PF-69 Ultra Cameo 1997-W Jackie Robinson $5 Gold coin (Proof version) for $375 from a LCS last month. I usually do not buy $5 gold commemorative coins since it is outside what I usually collect but I liked that particular one and that is why I bought it. This is my first $5 gold commemorative coin that I purchased.
 

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I did pick up a NGC PF-69 Ultra Cameo 1997-W Jackie Robinson $5 Gold coin (Proof version) for $375 from a LCS last month. I usually do not buy $5 gold commemorative coins since it is outside what I usually collect but I liked that particular one and that is why I bought it. This is my first $5 gold commemorative coin that I purchased.
If that was your first one, I'd say it was a very good choice. Reason number one is that it is a well-known coin. Reason number two is that you probably saved a lot of money by choosing the proof over the unc.
 

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Some good news and bad news...

First, the bad news.

This afternoon while I was at the office for work, I just witnessed the 2015-w US Marshals MS70 $5 Gold coin making a fresh low in eBay prices, shattering the low point of $395 held a few weeks ago by 3 auctions in one weekend. Today's auction of the coin broke that low by $26, and together with the sub-$400 sales a few weeks ago, rejected the uptrend in price that seemed to be taking place in the last few months.

http://www.ebay.com/itm/2015-W-Five...371755?hash=item2832680d2b:g:CjMAAOSwRUhY~6QM

Now, the good news.

I was the winner of the auction! With a winning bid of $368.85, this auction brings down my price average of comparable coins from $402.95 to $396.13, and the coin has a First Day of Issue label! We are now looking at average prices equal to or below issue prices, when grading costs and results are taken into consideration. This coin has the 5th lowest mintage in the series (after both 2016-w coins, the 2013-p coin, and the 1997-w Jackie Robinson coin) and a great design, but it just can't seem to take off into the next tier of pricing.
 

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If that was your first one, I'd say it was a very good choice. Reason number one is that it is a well-known coin. Reason number two is that you probably saved a lot of money by choosing the proof over the unc.
I took a look at some prices on ebay on the uncirculated version of the 1997 Jackie Robinson gold coin and I will have to agree with you on this. The premiums on the unc. version of the 1997 Jackie Robinson gold coin are a lot higher than I initially imagined.
 

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I took a look at some prices on ebay on the uncirculated version of the 1997 Jackie Robinson gold coin and I will have to agree with you on this. The premiums on the unc. version of the 1997 Jackie Robinson gold coin are a lot higher than I initially imagined.
The 1997-w Unc Jackie Robinson is a coin that I consider part the "old guard" of the series. This coin, along with the 2001-w Capitol Visitor coin, seems to have established a strong collector base over the years.

Despite falling behind in the mintage rankings--the 1997-w Unc Jackie Robinson barely fell behind the 2016-w Unc National Park, and the 2001-w Capitol Visitor barely fell behind the 2015-w US Marshals (and also the 2016-w Mark Twain and 2013-P Generals coins)--no "changing of the guard" has taken place, in terms of market prices...at least not yet. The high premium of the older coins does not magically transfer to the newer coins with lower mintage, unfortunately...

At some point later, though, the low mintage of the newer coins will lead to scarcity in the secondary market, and "buy it now" sales on eBay should be able to help push up the prices of the lower mintage coins that are undervalued in the current market (such as the 2015-w US Marshals coin).
 

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The NPS gold unc coin has taken a dive recently, with some MS70s going for as low as $569 on eBay within the last month, which is only about $40 more than the price 3 months before they were discontinued.

If the coin goes down $40 from here, it may be a good buy.
 

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The NPS gold unc coin has taken a dive recently, with some MS70s going for as low as $569 on eBay within the last month, which is only about $40 more than the price 3 months before they were discontinued.

If the coin goes down $40 from here, it may be a good buy.
One such opportunity came last night, but my bid of $512 was too low...

http://www.ebay.com/itm/322620051022?ul_noapp=true

The winning bid of $522 happened at the last second. Hopefully this price range will create a bottom for the coin in the near future; although it's a bargain price, I am glad I lost this auction, as I can use the funds elsewhere.

My real intended purchase was this liberty $5 gold coin, which I just completed today, at $363.79:

http://www.ebay.com/itm/US-Gold-5-Liberty-Head-Eagle-NGC-MS61-Random-Date-/371920647719

Although this coin is listed as Buy it Now, the price is better than many auction prices of the same grade and type that I have seen over the past year, by about $25. The downside is that it is a random coin, and I can only rely on the NGC grade of MS61 to ensure its quality (of course, it is hard to go below that grade for mint state coins...). Needless to say, many other collectors have also pulled the trigger on this deal.

By the way, my 2017-w Boys Town coin (17CB) just came in the mail today. Though I was never impressed by the design, even this coin looks better when held in hand.

Back to the topic of the 2016-w National Park coin--I think the reason for the price decline over the last 3 months is due to collectors realizing that the 2017-w Boys Town coin is now a favorite to unseat the NPS coin as the mintage key, causing many collectors to shy away from the NPS coin. But I think and hope that the coin is due for a rebound...
 

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The coin has arrived!

1893_liberty_5.jpg

Just the kind of coin I was wishing for...an 1893 coin with better shine than its MS61 grade would typically indicate--and certainly brighter than my 1906-s coin in MS62 condition (although when looking at the coins side-by-side, I now better understand why the 1906-s coin was graded higher).

With coins from the 1880s, 1890s, 1900s, and 1910s (3 Liberty and 1 Indian, each with a different grade), I now feel comfortable putting this part of my collection aside, though I can still see myself buying 1 more modern $5 gold commemorative within a year, if a good coin becomes available at a good price...
 
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BTW, the 'shine' is referred to in the numismatic community as 'luster', and your coin certainly has that attribute in spades.
 

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>>>My real intended purchase was this liberty $5 gold coin, which I just completed today, at $363.79:

http://www.ebay.com/itm/US-Gold-5-Liberty-Head-Eagle-NGC-MS61-Random-Date-/371920647719

Although this coin is listed as Buy it Now, the price is better than many auction prices of the same grade and type that I have seen over the past year, by about $25. The downside is that it is a random coin, and I can only rely on the NGC grade of MS61 to ensure its quality (of course, it is hard to go below that grade for mint state coins...). Needless to say, many other collectors have also pulled the trigger on this deal.<<<


Perhaps a bit off topic but I bought a random date Eagle from that same company the other day and got the 10% ebay bucks. I wonder why they dont offer it on that particular coin being its from the same vendor?

By the way that 1893 is a real beauty!
 

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The coin has arrived!

View attachment 92570

Just the kind of coin I was wishing for...an 1893 coin with better shine than its MS61 grade would typically indicate--and certainly brighter than my 1906-s coin in MS62 condition (although when looking at the coins side-by-side, I now better understand why the 1906-s coin was graded higher).

With coins from the 1880s, 1890s, 1900s, and 1910s (3 Liberty and 1 Indian, each with a different grade), I now feel comfortable putting this part of my collection aside, though I can still see myself buying 1 more modern $5 gold commemorative within a year, if a good coin becomes available at a good price...
Looking back, buying this Liberty gold coin effectively gave me that much less dry powder to buy another Boys Town gold unc coin, which shattered the mintage record set by the National Park coin, just one year earlier.

But I don't regret it, actually. Sometimes the sentimental value of collector's items is just as important as their monetary value. Eight months after making this purchase, I still feel great about my gold coin purchases in the last two years.
 

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Looking back, buying this Liberty gold coin effectively gave me that much less dry powder to buy another Boys Town gold unc coin, which shattered the mintage record set by the National Park coin, just one year earlier.

But I don't regret it, actually. Sometimes the sentimental value of collector's items is just as important as their monetary value. Eight months after making this purchase, I still feel great about my gold coin purchases in the last two years.
This

The art being one part investor, one part collector.
 

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I've never been very good at choosing coins for investment, I'm just more of a stacker. And, for one of my attempts at numismatic speculation I thought these would be a great investment — wrong again!

2008-W-5-Gold-Bald-Eagle-Commemorative-Proof-w.jpg
2008-W Proof Bald Eagle $5 Gold Coin

Coin Specifications:
Weight: 8.3590 g
Composition: 90% gold (0.242 ounces of gold)
Diameter: 21.6 mm
Pre-Issue Price: $294.95
Regular Price: $319.95
Final Mintage: 59,269

Bought ten in February, 2008 for $2949.50, now worth 3200.00 (melt), a $251.00 (8.5%) increase in value over ten years. Roughly .8% a year return on my money, about the same I could expect from any POS bank on a "savings" account. And, I don't even want to think about the ten years of inflation that has transpired. I see that they sell for about $400 each on ebait, but I ain't never goin there (maybe the wife unit will after I'm gone, but...) so, if I could flog them somewhere without the pain of ebait, I'd probably be tempted to sell em.

BF
 

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I've never been very good at choosing coins for investment, I'm just more of a stacker. And, for one of my attempts at numismatic speculation I thought these would be a great investment — wrong again!

2008-W Proof Bald Eagle $5 Gold Coin

Coin Specifications:
Weight: 8.3590 g
Composition: 90% gold (0.242 ounces of gold)
Diameter: 21.6 mm
Pre-Issue Price: $294.95
Regular Price: $319.95
Final Mintage: 59,269

Bought ten in February, 2008 for $2949.50, now worth 3200.00 (melt), a $251.00 (8.5%) increase in value over ten years. Roughly .8% a year return on my money, about the same I could expect from any POS bank on a "savings" account. And, I don't even want to think about the ten years of inflation that has transpired. I see that they sell for about $400 each on ebait, but I ain't never goin there (maybe the wife unit will after I'm gone, but...) so, if I could flog them somewhere without the pain of ebait, I'd probably be tempted to sell em.

BF
Your problem is that you are valuing your gold in US$, when you should be valuing them in ounces.

And, you should probably begin to view your precious metal purchases as speculations rather than investments; you even use both terms interchangeably in the same sentence. Your gold coins pay no rents. Should you net a profit from selling a gold coin, count that as good fortune.
 
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hernancortes

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I've never been very good at choosing coins for investment, I'm just more of a stacker. And, for one of my attempts at numismatic speculation I thought these would be a great investment — wrong again!

2008-W Proof Bald Eagle $5 Gold Coin

Coin Specifications:
Weight: 8.3590 g
Composition: 90% gold (0.242 ounces of gold)
Diameter: 21.6 mm
Pre-Issue Price: $294.95
Regular Price: $319.95
Final Mintage: 59,269

Bought ten in February, 2008 for $2949.50, now worth 3200.00 (melt), a $251.00 (8.5%) increase in value over ten years. Roughly .8% a year return on my money, about the same I could expect from any POS bank on a "savings" account. And, I don't even want to think about the ten years of inflation that has transpired. I see that they sell for about $400 each on ebait, but I ain't never goin there (maybe the wife unit will after I'm gone, but...) so, if I could flog them somewhere without the pain of ebait, I'd probably be tempted to sell em.

BF
I bought one of these when they came out too, before I really studied moderns. Shortly after I bought it I realized the $5 proof gold series has no keys. Easy to say in hindsight I know. Anyway the trend in moderns now is declining interest and new definitions of what's 'low mintage'. I would look at how badly bullion + proof gold Eagles are selling now. An opportunity could present itself later this year.
 

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And, you should probably begin to view your precious metal purchases as speculations rather than investments; you even use both terms interchangeably in the same sentence. Your gold coins pay no rents. Should you net a profit from selling a gold coin, count that as good fortune.
Actually, if you save them long enough, they will do better than most investments.
Gold bought in 1992 or 2002 was around 300, today 1300. That beats real estate, my other favorite, by a bunch.


Your problem is that you are valuing your gold in US$, when you should be valuing them in ounces.
It is just that simple !!!
 

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Gold is a terrible investment.
However it is a tremendous store of wealth.

Numismatics are to speculate on,
Gold and silver to stack —
oh wait, I said that already...
Shit,
BF
 

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I bought one of these when they came out too, before I really studied moderns. Shortly after I bought it I realized the $5 proof gold series has no keys. Easy to say in hindsight I know. Anyway the trend in moderns now is declining interest and new definitions of what's 'low mintage'. I would look at how badly bullion + proof gold Eagles are selling now. An opportunity could present itself later this year.
The proof series historically has much higher mintage than the unc, and that is one reason that secondary market prices for uncs tend to be higher, in the long term, for lower mintage years.

Last year's Boys Town proof coin ended relatively low in the 7000s (with 5k from the 3-coin set and 2k from individual sales), which stacks up with some of the lower mintage unc coins.

One of the reason for higher mintage in the proof series is because of the Mint offering the 3-coin set, which includes proof coins only. This year, the Mint is not offering a 3-coin set, perhaps for this reason. If the Mint has indeed stopped offering 3-coin sets for good, it would be a good sign for proof coin collectors, who can then look forward to lower mintage in the future.
 

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The discovery of a lifetime...

https://www.ngccoin.com/news/article/6557/discovery-of-a-lifetime-1854-s-five-dollar/

https://www.ngccoin.com/certlookup/001854-001/45/

I must say, absolutely amazing!

My own discovery came on a much smaller scale on eBay, just a few days ago. More on this later...
My own small discovery came on eBay last week, when I won the auction on an 1879 Liberty $5 gold coin.

https://www.ebay.com/itm/1879-5-Liberty-Head-Half-Eagle-NGC-AU58-Super-nice-Choice/123092084623

The coin arrived in the mail yesterday.

It seems that over the past year, prices of gold half eagles in the 1860s and 1870s have gone up, including 1879. I also witnessed two 1861 AU-graded coins sell for over $500, which was higher than my maximum price.

After collecting at least one gold half eagle coin from each decade from the 1870s to the 1910s, every remaining decade is now an uphill battle to find each coin at a reasonable price. On the bright side, I am not under a time limit to complete this goal.


liberty_1879_obv.jpg
 

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It seems that over the past year, prices of gold half eagles in the 1860s and 1870s have gone up, including 1879. I also witnessed two 1861 AU-graded coins sell for over $500, which was higher than my maximum price.

After collecting at least one gold half eagle coin from each decade from the 1870s to the 1910s, every remaining decade is now an uphill battle to find each coin at a reasonable price. On the bright side, I am not under a time limit to complete this goal.
You are venturing out from the halls of bullion land in through the walls of numisville.