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2009 UHR gold coin question......
Is it worth saving the box it was mailed in?
How about the booklet or wooden display box? That stuff takes up a lot of space, do collectors pay more for all that stuff? Should I just keep the coin and sell the book and wood box on ebay? Looking for any feedback. Thanks! |
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My advice is to hold onto EVERYTHING.
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How much value do you think it will add?
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It's hard to put an actual number on it. But, personally, if I were given the option of just the coin by itself vs. the coin and all of the packaging for a higher price, I would definitely take it at the higher price with all the packaging. Judging by Ebay auctions on the book, the box, etc. I'd say it probably adds over $50 of value without a doubt. |
Re: 2009 UHR gold coin question......
Anybody know how long the Mint will be taking orders for them?
Also anybody know if there is a limit on the mintage? |
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Not sure about the limit on the mintage. Check out the 2009 UHRDE thread and I know it's there somewhere. I think someone posted how many have been minted as of May or something. |
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that is where it will end up
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Not good....:36_1_30:
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:36_1_28: |
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who said it was in a bank?:111: |
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Demand is what counts most. Hoping to see the UHR at 87,000 when done. One of the worlds most beautiful gold coin designs! http://www.coinlink.com/News/images/New_saints_2009.jpg |
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Right now, UHR demand is exibiting classic "bubble" behavior. Dont' get me wrong, I think it's a beautiful coin, but there are far too many minted for them to maintain the kind of premium they have right now. |
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Let's face it, there's no other US design they can reproduce to beat it. http://www.coinlink.com/CoinGuide/images/ust_146.jpg |
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I don't believe the design is as important as the scarcity. If the mintage was around 20,000 or maybe even 30,000, it might have a shot at some numismatic appreciation. But, when it's all said and done, this coin could have a mintage of 100,000 or more. I just think that's too many, for long term appreciation. I also think a lot of folks who are holding them now are speculators/dealers, not collectors. When the market finds a new favorite gold coin and the price for UHR's starts to trend down, the market will probably get glutted with them, as everyone tries to cash out at the same time. This will press prices further down. Having said that, I do believe they will alway command a bit more premium than regular bullion eagles. I just don't think it will be double the spot price of gold. |
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Are you just talking the coin by itself? Or, the graded version i.e. FS MS70? |
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so whats the opinion on the price the mint is currently selling for?? $1280 if I remember correctly....
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Modern minting processes are so good, that I personally think scarcity is more important than grade or label. Most all UHR's are going to be at least 69 and many will be 70's. a grade of 70 was once thought to be nearly unobtainable by coin collectors. Now they are fairly common. |
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My opinion is that it is inflated. The mint is trying to induce the "rarity" factor by limiting one per household and inflating the price way over spot. That only works if you limit the mintage. |
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I decided to buy a UHR in spite of the higher price relative to spot.
Amazingly I ordered a few days ago and they have already shipped it to me as of today! I was expecting a waiting period. Reasons are: 1. It is a beautiful coin and very striking. My other gold (yet to be purchased) will be bullion, GAEs or Krugerrands most likely. 2. Yes it will be plentiful but, it will also be in demand. 3. I decided to make a "heart" instead of "head" decision, quite frankly. I can cut back on other things to pay for it. 4. If gold does go up, as seems likely, then the premium over spot will be less important. 5. I intend to take it with me to a different country in a few months and try to sell it there for much more than I paid for it. |
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Me too - same reasons............ AND - it is considered (in its orginal form) America's Most Beautiful Coin for circulation. I have always loved the coin - but can't afford to sink $850,000 - $3.5 million for one gold coin!! This gives me the chance to own a coin that, I have no doubt, will go up in value over time -but that's not even on my list of reasons to own it. I have no plans, at this point, on selling mine - I have bullion to sell, but I have a few coins that I have no intentions of selling till I absoutely have to cause I love them - this is going to one one of those. So I do not care how rare it is - tho it would be nice if it were. I also think once more people see them the demand might go up. I bought it cause I love - and always have - loved the coin....the artwork jumps out at you. Either way, I didn't buy it to make a profit - I bought it to look at and enjoy. But I also think gold will eventually go up so much the premium will be something we'll laugh about. The head and heart need to be in balance..........its a Tao thing.............. THIS time, the heart won............ My head is not unhappy about it either, cause my head usually wins! This is a lovely exception. Cheers! |
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That is the important part IMO. If you like the UHR and have the cash to pay for it then a person should buy it. The UHR is a very beautiful gold coin IMO. The last time I saw a UHR on display was at a coin show earlier this year.
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Are you in the Navy, so that all of your personal affects are stored undeaneath you bunk, or in the Army so you are limited to a footlocker? I mean, if you have any more room than that, then your question makes no sense. If you are in the service, and space is that tight, throw away two pairs of underwear and your footlocker will now have room for the box. I have never heard of someone who actually has the box complain of shoddy workmanship or that the box is a piece of junk. I have to ask here. Do you even have the box? Perhaps you have a defective wooden box. Send it back to the mint for a new one then. Post a pic and one of us will tell you if you have a defective box |
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