$50 American Gold Eagle Coin Proof going for $2K!
 

http://cgi.ebay.com.au/ws/eBayISAPI....=STRK:MEWAX:IT

http://cgi.ebay.com.au/ws/eBayISAPI....=STRK:MEWAX:IT

CRAzzzzy!!!! :thumb.aspx:

Re: $50 American Gold Eagle Coin Proof going for $2K!
 

the party about to start .... :signs1:

Re: $50 American Gold Eagle Coin Proof going for $2K!
 

My goodness. Value is finally being recognized. Up she goes.

Re: $50 American Gold Eagle Coin Proof going for $2K!
 

I'm loving it, I hold 2 of those 1986 proofs.:coolbeer:

Re: $50 American Gold Eagle Coin Proof going for $2K!
 

i bought 1 three months ago for $1450 over here in the far east. The flea bay prices was $1700 then......WHY is the eagle so valued? Its not even 99.99%

Re: $50 American Gold Eagle Coin Proof going for $2K!
 

might go higher if the seller had feedback

Re: $50 American Gold Eagle Coin Proof going for $2K!
 

1986 was the first year of the US American Eagles, and proofs always get a premuim over the same issue of regular strikes, but I don't get why they ar ebidding up the auction so high.

The auction is for an ungraded coin. PCGS lists the PF70 for the coin at $2100. Not many coins make it to PF70.

Re: $50 American Gold Eagle Coin Proof going for $2K!
 

Yes. the pop for 1986 is os high???? :36_1_25:

446,290 for 1 oz......gettin ridiculous..

i have the 2008 version..

30,237 for 1 oz.....does that mean its value is higher??

Re: $50 American Gold Eagle Coin Proof going for $2K!
 

it a proof look at the ad again .......... it in the box

Re: $50 American Gold Eagle Coin Proof going for $2K!
 

does the "population" make that much of a difference? I mean, every year looks the same but with a different date correct? I could see how it would make a difference if they changed the design every year but it's basically the same coin.

Can someone please explain why one might pay more for a different number on the coin?

Re: $50 American Gold Eagle Coin Proof going for $2K!
 

Well, at the end of the day, if you look back at history, even the higher mintage year numbers can be construed as actually being quite low, relatively speaking. To a certain extent, this is a perception issue (as so many things are in the world of sales.)

It's a good idea to compare the mintage of these coins with other coins. For example, the mintage numbers on all of the Gold Eagle proofs from 1987 to 2005 averages out to 1,056,489 per year (give or take a coin)

Now, you look back at another extremely successful coin in American history, the Morgan, and check out their mintages: Between 1878 and 1921, an average of 6,843,749 coins were minted (give or take a coin)

The best Morgans are selling in the HUNDREDS of thousands of dollars, (and yes, millions) and they're made of silver! Now, I'm not saying the comparison is perfect, for sure, but there is a strong correlation and a very interesting perspective to all of this.

My point is this: Proof Eagles (or any good proof gold coin, for that matter) are a much more rare item than many people realize. Only after x amount of time do they start to figure it out.

Here's one other way of looking at it. I got one of the 2010 Perth mint Year of the Tiger coins for the wife. (That's her lunar astrological sign). Now, if I wanted to push the boundaries a bit, I could opt for a proof as well, but it would set me back AUS $2,209.09, which is $2,053.24 U.S.! For a 1 ounce coin that looks remarkably like the one I already bought!

Notwithstanding the fact that it's a proof, so it should sell for more, the Perth mint has already built into the price a massive mark-up due to its tiny mintage population. They're super rare. But, to the layman on the street, they probably look the same as the bullion version.

Re: $50 American Gold Eagle Coin Proof going for $2K!
 

I remains to be seen if the mint will pickup the gold proof eagles in the future.

If the gold proofs are finished forever... people look back on threads like this and laugh about people being astonished over a measly $2K for a $50 gold eagle proof.

Re: $50 American Gold Eagle Coin Proof going for $2K!
 

Good post sir....cept if i bought the morgan in 1878, and for the matter in 1921, uhmmmmmmm it would probably be only 2k when i was alive! :s9:
Guess my son and daughter will enjoy those proofs then.......

Wow! Margan costing millions

i bought the 2010 tiger as well....for myself! :biggrin:

Re: $50 American Gold Eagle Coin Proof going for $2K!
 

that makes sense, thanks for the response :5_1_120:

Re: $50 American Gold Eagle Coin Proof going for $2K!
 

You're absolutely right about the timeline issues. No doubt it's illogical to think that we can personally see those kinds of price increases within our lifetimes. But, we're in a new era now. People in the know (GIM) are more aware of bullion, coins, and such, and their intrinsic values and price fluctuations.

For instance, Gresham's law applies here. Bad money chasing good. I personally believe that coins will soon be made of plastic. Already in places like Australia they are making bills out of plastic, not paper. In coins, we've gone from stuff like gold and silver to stuff like nickel, copper, zinc, steel... down and down it goes. (Don't forget, Morgan dollars were face valued at $1, with a silver content value of around 0.80c)

So now people are more aware (well, the ones that are awake are more aware, anyway!) so they know earlier that the trend is going to be up, and the price rises happen quicker. Price increases in coinage get built into the coins sooner. This is all based on the lying, cheating bullshit that the government has rammed down people's throats with fiat currency.

Back in the Morgan era, money was REAL. If you held a silver Morgan in your hand, why would you trade it in for silver if the silver value (80 cents or so) was less than the face value ($1)? Now, that was honest money. Today we have a situation where most of those Morgans are selling for around 20 bucks, a kind of balance between the silver and numi value, and the melt itself is around $14.28. Gosh, reality has really kicked in, hasn't it? The government is so full of crap.

Anyway, my point is, it won't take 105 years to see substantial increases in the values of these beautiful coins. Too many people have figured out that the value will come sooner or later, so the prices may as well get bumped up faster. Ironically, when the Morgans first came out, most people thought they were ugly, and most reviews of the coins in newspapers and such were terrible. Little did they know!

Re: $50 American Gold Eagle Coin Proof going for $2K!
 

Man Apocalypto!!! You are on a roll! I didn't want to waste space by clipping and quoting your two last posts. But, I have to say those posts are the stuff of championship thinking!

Re: $50 American Gold Eagle Coin Proof going for $2K!
 

Although I understand your point, IMO this may not be a good comparison. Morgan’s were circulated coins with a history that goes back 100+ years as stated. Over the years these coins have been lost and melted and therefore their population numbers are not what is usually published. So, even though the mintage numbers are known, the population numbers are at best, guesses.

Comparing circulated coins that are known to have been melted by the US gov't to modern uncirculated collectable coins that have a history of less than 30 years and have no record of being melted is not the route I would go.

Again, IMVHO... In this case the buyer and availability of coins sets the market
- Over the past two weeks Au has set record highs vs. the US dollar almost daily
- Many are starting to rush into PMs w/o DD
- The MSM has picked up the story

EBay is an outlier... The same coin can be found for less if one looks

One must DYODD!

Re: $50 American Gold Eagle Coin Proof going for $2K!
 

Hoiw much can you get a $50 American Gold Eagle Coin or a set of eagle proof for in the streets?

Re: $50 American Gold Eagle Coin Proof going for $2K!
 

Does anyone know what the populations are on the 1989 $50 Proof Gold Eagle. Saw one on eBay (NGC PF70) for $2088. After cashback it might not be a bad deal.

Re: $50 American Gold Eagle Coin Proof going for $2K!
 

54,570

http://goldismoney.info/forums/showthread.php?t=424587

Re: $50 American Gold Eagle Coin Proof going for $2K!
 

i just listed a 1986 ngc proof eagle on ebay...for some reason the original ungraded versions sell for higher than graded versions.

we'll see how mine does..i figure i'll sell the proof coin and rebuy cheaper gold instead to increase my ounces.

there are several right now for big bucks

http://shop.ebay.com/i.html?LH_BIN=1...&_udhi=3%2C000

Re: $50 American Gold Eagle Coin Proof going for $2K!
 

Damn near any old Double Eagle is getting close to that, too!

Re: $50 American Gold Eagle Coin Proof going for $2K!
 

Over 2k now...........

http://cgi.ebay.com/1986-W-AMERICAN-...item19b800170a

http://cgi.ebay.com/1986-AMERICAN-EA...item19b7ff8344

WOW!

Re: $50 American Gold Eagle Coin Proof going for $2K!
 

I wonder that myself. Then I reach past them and pick out a couple Krugerrands.:applause_

Re: $50 American Gold Eagle Coin Proof going for $2K!
 

i bought that one for collection.
Its a 2008 mintage...wonder if thats worth abit more those 1986 selling inexcess of 2k? :yes:

1986- 446k pop vs 2008 30k pop.........:23_30_104: i hope!

Re: $50 American Gold Eagle Coin Proof going for $2K!
 

I forgot what thread I was in, proof's are definately worth spending on. I was slapping myself in the face while handing over $1265 for a boxed proof Britannia a while back, but I wanted it! :bear_wub:I got the 2 coin boxed 1/4 and 1/10 set in the same year, 1988.
It doesn't seem so silly now.:bear_w00t:

Re: $50 American Gold Eagle Coin Proof going for $2K!
 

Hitting 2.2k soon i guess!

http://cgi.ebay.com.au/ws/eBayISAPI....=STRK:MEWAX:IT

Re: $50 American Gold Eagle Coin Proof going for $2K!
 

Re: $50 American Gold Eagle Coin Proof going for $2K!
 

$2.2k.........................comfirmed

http://cgi.ebay.com/2006-W-American-...item3357e32cfc

Re: $50 American Gold Eagle Coin Proof going for $2K!
 

Tulving is offering $1900 per ounce for proofs, if I read his eye-bleeding page properly.

Re: $50 American Gold Eagle Coin Proof going for $2K!
 

:s1: you are right. One of the worst website ever!

Wonder if they have stock?

Re: $50 American Gold Eagle Coin Proof going for $2K!
 

DONE!

http://cgi.ebay.com.au/ws/eBayISAPI....torefresh=true

US $2,220.99

Re: $50 American Gold Eagle Coin Proof going for $2K!
 

Hard to beleive, but it's a lot better than it used to be. :111:

The site is a perfect of example of how not to build a website. It must be done by his 12 year old grandkid or something.

I used to do websites for a living. A few years ago I sent him an email saying I would design a brand new web site for him, and he could pay me in junk silver at face value. I never heard back from him. :111:

Re: $50 American Gold Eagle Coin Proof going for $2K!
 

ok here's the report....i sold my ngc proof 1986 gold 1 oz eagle pf68 , after all fees involved i ended up getting $1950 for it.

i took the $1950 and rebought a 1 oz gold philharmonic, a 1/4 oz gold maple leaf, and a 1 oz pamp palladium bar.

not bad i thought.

Re: $50 American Gold Eagle Coin Proof going for $2K!
 

They going for $1500 or so now......... :23_30_104:

Those who sold at $2,000 :23_28_100s:

Those who bought at $2,000 :23_1_22: