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-   -   2009 UHR gold coin question...... (http://goldismoney.info/forums/showthread.php?t=386144)

SilverTrees 06-25-2009 02:33 PM

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!

Gordon Gekko 06-25-2009 02:49 PM

Re: 2009 UHR gold coin question......
 
My advice is to hold onto EVERYTHING.

Quote:

Originally Posted by SilverTrees (Post 1786148)
Is it worth saving the box it was mailed in?

I am saving mine. You just never know...

How about the booklet or wooden display box?

Whoaaa there. ABSOLUTELY save the booklet and the wooden display box. Why would you want to get rid of either of these items?

That stuff takes up a lot of space, do collectors pay more for all that stuff?

Yes, yes they do. If you have all of the .gov packaging, your coin will command a higher premium.

Should I just keep the coin and sell the book and wood box on ebay?

Absolutely not. Keep the stuff. I am sure you could find somewhere to put it.

Looking for any feedback.

Thanks!


Apocalypto 06-25-2009 03:06 PM

Re: 2009 UHR gold coin question......
 
Quote:

Originally Posted by Gordon Gekko (Post 1786168)
My advice is to hold onto EVERYTHING.

+1 on Mr. Gekko's advice.

Gordon Gekko 06-25-2009 03:17 PM

Re: 2009 UHR gold coin question......
 
Quote:

Originally Posted by Apocalypto (Post 1786186)
+1 on Mr. Gekko's advice.

Apocalypto and I are EXPERTS on this coin and we both think you should keep EVERYTHING that came with the coin from the Mint.

SilverTrees 06-25-2009 03:34 PM

Re: 2009 UHR gold coin question......
 
How much value do you think it will add?

Gordon Gekko 06-25-2009 03:48 PM

Re: 2009 UHR gold coin question......
 
Quote:

Originally Posted by SilverTrees (Post 1786237)
How much value do you think it will add?


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.

sterling 06-25-2009 03:51 PM

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?

Gordon Gekko 06-25-2009 03:54 PM

Re: 2009 UHR gold coin question......
 
Quote:

Originally Posted by sterling (Post 1786265)
Anybody know how long the Mint will be taking orders for them?
Also anybody know if there is a limit on the mintage?

The program is supposed to cease at the end of 2009.

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.

SilverTrees 06-25-2009 03:59 PM

Re: 2009 UHR gold coin question......
 
Quote:

Originally Posted by Gordon Gekko (Post 1786256)
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.

then why not sell the packaging and keep just the coin, saving safe deposit space?

Gordon Gekko 06-25-2009 04:00 PM

Re: 2009 UHR gold coin question......
 
Quote:

Originally Posted by SilverTrees (Post 1786274)
then why not sell the packaging and keep just the coin, saving safe deposit space?

I'm confused. You are keeping the coin in a safe deposit box?

SilverTrees 06-25-2009 04:03 PM

Re: 2009 UHR gold coin question......
 
that is where it will end up

Barrettone 06-25-2009 04:05 PM

Re: 2009 UHR gold coin question......
 
Not good....:36_1_30:

Gordon Gekko 06-25-2009 04:06 PM

Re: 2009 UHR gold coin question......
 
Quote:

Originally Posted by Barrettone (Post 1786287)
Not good....:36_1_30:

Not good at all.

:36_1_28:

Gordon Gekko 06-25-2009 04:08 PM

Re: 2009 UHR gold coin question......
 
Quote:

Originally Posted by SilverTrees (Post 1786284)
that is where it will end up

Do yourself a big favor and hang onto all of the government packaging with the UHRDE. Do yourself a HUGE favor and keep your precious metals out of "safe" deposit boxes and as far away from a bank as possible,.

SilverTrees 06-25-2009 04:16 PM

Re: 2009 UHR gold coin question......
 
Quote:

Originally Posted by Gordon Gekko (Post 1786294)
Do yourself a big favor and hang onto all of the government packaging with the UHRDE. Do yourself a HUGE favor and keep your precious metals out of "safe" deposit boxes and as far away from a bank as possible,.

my deposit box is SAFE.
who said it was in a bank?:111:

rodzm 06-26-2009 05:16 PM

Re: 2009 UHR gold coin question......
 
Quote:

Originally Posted by Gordon Gekko (Post 1786268)
The program is supposed to cease at the end of 2009.

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.

As of June 21 there has been 67,173 sold

esoteric 06-28-2009 08:27 PM

Re: 2009 UHR gold coin question......
 
Quote:

Originally Posted by rodzm (Post 1788086)
As of June 21 there has been 67,173 sold

just curious is this a high number compared to the other 'numie' coins? rarity is produced from comparison........

EE_ 06-28-2009 08:41 PM

Re: 2009 UHR gold coin question......
 
Quote:

Originally Posted by j-son (Post 1791201)
the gold lunar ox coin in full ounce has a final mintage of 13,709 and the dragon has 30,000 minted.

this UHR is already double the highest minted lunar coin.

The difference between lunars and the UHR, the lunars are another in a series and the UHR is considered the pinacle of US coin mintage history.
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

goldfingerer 06-28-2009 09:03 PM

Re: 2009 UHR gold coin question......
 
Quote:

Originally Posted by esoteric (Post 1791187)
just curious is this a high number compared to the other 'numie' coins? rarity is produced from comparison........

Yes it is. Don't let anybody kid you, the premium on UHR's is going to collapse before it's over. Probably sometime in 2010 or whenever something new comes along from the mint that catches the public interest. When it's all said and done, mintage numbers are what counts.

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.

EE_ 06-28-2009 09:16 PM

Re: 2009 UHR gold coin question......
 
Quote:

Originally Posted by goldfingerer (Post 1791243)
Yes it is. Don't let anybody kid you, the premium on UHR's is going to collapse before it's over. Probably sometime in 2010 or whenever something new comes along from the mint that catches the public interest. When it's all said and done, mintage numbers are what counts.

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.

What's your opinion if this is a one of a kind and not produced again.
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

goldfingerer 06-28-2009 09:59 PM

Re: 2009 UHR gold coin question......
 
Quote:

Originally Posted by EE_ (Post 1791263)
What's your opinion if this is a one of a kind and not produced again.
Let's face it, there's no other US design they can reproduce to beat it.

[]


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.

Gordon Gekko 06-28-2009 11:09 PM

Re: 2009 UHR gold coin question......
 
Quote:

Originally Posted by goldfingerer (Post 1791331)
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.


Are you just talking the coin by itself? Or, the graded version i.e. FS MS70?

esoteric 06-28-2009 11:31 PM

Re: 2009 UHR gold coin question......
 
so whats the opinion on the price the mint is currently selling for?? $1280 if I remember correctly....

goldfingerer 06-29-2009 07:55 AM

Re: 2009 UHR gold coin question......
 
Quote:

Originally Posted by Gordon Gekko (Post 1791433)
Are you just talking the coin by itself? Or, the graded version i.e. FS MS70?


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.

goldfingerer 06-29-2009 07:57 AM

Re: 2009 UHR gold coin question......
 
Quote:

Originally Posted by esoteric (Post 1791466)
so whats the opinion on the price the mint is currently selling for?? $1280 if I remember correctly....


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.

ShortJohnSilver 06-30-2009 10:06 PM

Re: 2009 UHR gold coin question......
 
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.

Gordon Gekko 06-30-2009 11:31 PM

Re: 2009 UHR gold coin question......
 
Quote:

Originally Posted by ShortJohnSilver (Post 1795130)
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.

Congrats. This coin is a work of art and you should feel privileged to own it. Now, disregard number 5 on your list and hang onto it! Once you have it in your hands, I think it will be hard to part with it.

Master_Ho 07-01-2009 01:03 AM

Re: 2009 UHR gold coin question......
 
Quote:

Originally Posted by ShortJohnSilver (Post 1795130)
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.


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!

OutlawJoseyWalesJr 07-01-2009 07:16 AM

Re: 2009 UHR gold coin question......
 
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.

shortstack 07-01-2009 09:11 AM

Re: 2009 UHR gold coin question......
 
Quote:

Originally Posted by SilverTrees (Post 1786237)
How much value do you think it will add?

Wait a second. I have one of these coins. Are you saying that you want to ditch that beautiful high quality mahogony box because it takes up space?

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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Gold & Silver Forum - 2009 UHR gold coin question......
Gold & Silver Forum

Gold & Silver Forum (http://goldismoney.info/forums/index.php)
-   Gold - Silver - Coins - Numismatics (http://goldismoney.info/forums/forumdisplay.php?f=51)
-   -   2009 UHR gold coin question...... (http://goldismoney.info/forums/showthread.php?t=386144)

Gordon Gekko 07-01-2009 09:46 AM

Re: 2009 UHR gold coin question......
 
...meanwhile, a First Strike MS70 went for $2,700 on Ebay a few days ago. I am pretty pumped about this.

Bob 07-01-2009 10:11 AM

Re: 2009 UHR gold coin question......
 
Just curious: are you guys suggesting that one keep the cardboard shipping box also (the one with the shipping label that you cut open to get the stuff out of)? I agree with keeping the book and the nice box from the mint, just not necessarily the shipping box unless you kept it unopened.

Gordon Gekko 07-01-2009 10:13 AM

Re: 2009 UHR gold coin question......
 
Quote:

Originally Posted by Bob (Post 1795930)
Just curious: are you guys suggesting that one keep the cardboard shipping box also (the one with the shipping label that you cut open to get the stuff out of)? I agree with keeping the book and the nice box from the mint, just not necessarily the shipping box unless you kept it unopened.

Meh, it's probably not TOTALLY necessary, but, I am keeping mine just for the hell of it. Better to be safe than sorry. I am just keeping it all together.

hernancortes 07-01-2009 10:15 AM

Re: 2009 UHR gold coin question......
 
Quote:

Originally Posted by Gordon Gekko (Post 1795886)
...meanwhile, a First Strike MS70 went for $2,700 on Ebay a few days ago. I am pretty pumped about this.

Man! If that's true then the time is surely ripe for gettin' out if you've got a FS MS70. Given that there's really no shortage of these, and they are all essentially the same--only the 'plastic' is different-- I'd think hard about selling and just buying another to keep in the mint packaging.

Gordon Gekko 07-01-2009 10:52 AM

Re: 2009 UHR gold coin question......
 
Quote:

Originally Posted by hernancortes (Post 1795941)
Man! If that's true then the time is surely ripe for gettin' out if you've got a FS MS70. Given that there's really no shortage of these, and they are all essentially the same--only the 'plastic' is different-- I'd think hard about selling and just buying another to keep in the mint packaging.

I don't know. If the POG keeps going higher (and I think it will, after a small dip, perhaps) then this coin will continue to go higher as well, naturally. While many were indeed produced (80,000+), there are under 1,600 First Strike MS70s, which is a pretty low population.

HistoryStudent 07-10-2009 12:09 AM

Re: 2009 UHR gold coin question......
 
Quote:

Originally Posted by Gordon Gekko (Post 1796012)
I don't know. If the POG keeps going higher (and I think it will, after a small dip, perhaps) then this coin will continue to go higher as well, naturally. While many were indeed produced (80,000+), there are under 1,600 First Strike MS70s, which is a pretty low population.

Because of the coin - I'd like to have say a few of each - in BOX (no country for old collectors) and in SLAB - nice country for all collectors.

:ok::Surrender::111:

Master_Ho 07-10-2009 01:49 AM

Re: 2009 UHR gold coin question......
 
1 Attachment(s)
FOR WHAT'S IT'S WORTH - HERE IS WHAT I AM HEARING.......<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o:p></o:p>
<o:p></o:p>
This coin is going in for constant resubmissions. "They" know the difference in price for an MS69 and MS70, and are - to some extent - "selling" the MS70 grade......so if you resubmit a few times (at about $70 for grading and shipping, to round it off), its worth it to some, in the hopes they will finally give it the MS70 slab.<o:p></o:p>
<o:p></o:p>
I know a lot of people are not into grading and slabs - and that's fine (no need to get on your soapboxes)……but this coin is considered, by many experts and writers, to be the most beautiful coin this country ever produced, and having seen one as a child, I have always wanted one, even before I was really into coins. Teddy Roosevelt wanted a gorgeous coin, and St. Gaudens gave him just that - a sculptured work of art………
<o:p></o:p>
<o:p></o:p>
<o:p></o:p>
Attachment 75095
<o:p></o:p>
<o:p></o:p>
<o:p></o:p>
Now, while I can not have an original, I can have a copy........I am happy........<o:p></o:p>
<o:p></o:p>
I think, however, as more and more people see it, it will become more desirable - and less people these days have the extra money to buy gold, so while there will be more sales as it gets more visual exposure, that doesn’t mean a lot of people will buy it. Even if they do, it doesn’t mean they have all been graded, so when time comes for sales - because people are so "grade" oriented, the MS70 will probably be worth a lot more than it is now. The MS69 is what most coins will grade at and probably not be worth all that much more- but who knows? That's the fun of this hobby - you never really know!<o:p></o:p>
<o:p></o:p>
So, for many people, especially those looking more for investment in coins, rather than, say bullion. because the MS70 will be a bit rarer on paper.........and will get more on the re-sale.<o:p></o:p>
<o:p></o:p>
Personally, along with my various Lunar golden dragons, and my Isle of Mann "Angel"-dragon gold coin, this would be the last gold coin I would sell - and only if I absolutely had to.<o:p></o:p>

Gordon Gekko 07-10-2009 05:57 PM

Re: 2009 UHR gold coin question......
 
Quote:

Originally Posted by HistoryStudent (Post 1810141)
Because of the coin - I'd like to have say a few of each - in BOX (no country for old collectors) and in SLAB - nice country for all collectors.

:ok::Surrender::111:


I am jealous of you HS. I only have my one lonely FS MS70. I was contemplating picking up another to leave in the original mint packaging. If the POG continutes to head south, I might just have to buy another before the program is finished.

Apocalypto 07-10-2009 06:01 PM

Re: 2009 UHR gold coin question......
 
Quote:

Originally Posted by Gordon Gekko (Post 1811408)
I am jealous of you HS. I only have my one lonely FS MS70. I was contemplating picking up another to leave in the original mint packaging. If the POG continutes to head south, I might just have to buy another before the program is finished.

I might join you in that idea, Mr. Gekko. The clock is ticking.

Gordon Gekko 07-10-2009 06:05 PM

Re: 2009 UHR gold coin question......
 
Quote:

Originally Posted by Apocalypto (Post 1811410)
I might join you in that idea, Mr. Gekko. The clock is ticking.

Yea, no kidding. The program is supposed to end at the end of the year, correct? Knowing my luck, the POG will bottom out here and skyrocket. If it falls far enough and the UHR goes from $1,289 to $1,189, I'm a buyer without a doubt.

HistoryStudent 07-11-2009 11:22 AM

Re: 2009 UHR gold coin question......
 
Funny thing is that this year TPTB (read givermint) printed a doubling of the money supply by various means. That means that today gold is half price from last January when it was around $875.00

Or it soon will be when all this inflation (a monetary issue of printing money in the dictionary before the jerks changed the real truth definition) hits.

This is just like the 1970s again on steriods (A GAIN - if smart - right?) and we'll probably rhyme with Japan 1990 to 2009 too in many ways.

Bottom line is cash and precious metals. Or you can sell the specific sectors short to get more cash that should bounce around for a while until all that inflationary cash starts to hit.


SilverSirian 07-11-2009 04:57 PM

Re: 2009 UHR gold coin question......
 
Does one need to order exactly on the July24th ship date on the mint website? Or can you just order anytime and they aren't doing first in first out anymore? It says it is backordered on the mint website, how long would it take to receive it when it is back ordered? I usually just buy bars and rounds, but that UHR is really nice looking!

Gordon Gekko 07-11-2009 05:19 PM

Re: 2009 UHR gold coin question......
 
Quote:

Originally Posted by SilverSirian (Post 1812498)
Does one need to order exactly on the July24th ship date on the mint website? Or can you just order anytime and they aren't doing first in first out anymore? It says it is backordered on the mint website, how long would it take to receive it when it is back ordered? I usually just buy bars and rounds, but that UHR is really nice looking!


I wouldn't use that as a gauge as to when they are actually going to ship it. When I ordered mine, it didn't say it was going to be ship FOREVER. Turned out, it shipped a whole heck of a lot earlier than what they anticipated. I would just order it and not worry about it. Plus, even if it didn't ship until the 24th, that's only 2 weeks off. Certainly you can wait that long for a piece of history like this!

livtocruz 07-11-2009 11:06 PM

Re: 2009 UHR gold coin question......
 
I feel like Charlie Brown. I missed the football and bought the coin. AAARRRRGGGGHHHH


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