Comments on: US Mint Unlikely to Lower Numismatic Gold and Platinum Coin Prices

By: RonnieBGood

RonnieBGood — Thu, 22 Mar 2012 18:25:25 +0000

I must add this to this discussion. In addition to the cost paid for say a one ounce Gold Proof, if you add the cost of certification and then the minimum of $100 that a sales method such as eBay takes for the sale…. There has to be a significant move ($200+) in the price of Gold over what you paid in order to make a reasonable Profit. It is a bit of a gamble, however, I doubt in the current World situation that Gold will retreat and become undesirable. The low mintages are also a great selling point.

An eBay Coin PowerSeller. Member ANA and NGC.

By: RonnieBGood

RonnieBGood — Thu, 22 Mar 2012 18:10:58 +0000

The US Mint Proof coins are truly beautiful. And I agree that the low mintages give them a much greater change of appreciating as an investment. The one thing the Mint does well (for the most part) is the Quality and Beauty of their coinage!

By: bubba

bubba — Thu, 22 Mar 2012 00:16:44 +0000

This is an interesting dillema. As the prices go up on available coins the mintages stay low. If the mintages end up low, the prices go up in the secondary market. People don’t buy numismatic coins for investment? I would tend to disagree. I don’t consider people that buy bullion as investors. I think they are more hedging. It generally goes back to mintage vs demand on any numismatic coins. Lots of times uncirculated coins are worth more than proofs because of the lower mintages. But, all things being equal people prefer proofs in general as demonstrated by numbers old. Future demand may differ from today. The mint isn’t perfect, but they do a pretty good job.

By: george glazener

george glazener — Wed, 21 Mar 2012 20:45:23 +0000

Jim;
Hmm, Interesting take on the reason for owning proof coins. I’m somewhat new to the hobby, and I’ve always just collected what I liked. I guess I assumed that proof coins were struck so as to be shiny & lovely & desirable, and make people ooh and ahh at their beauty, etc….and by doing this, they would in fact rise in value accordingly since people tend to collect lovely objects. That’s how I look at them as being “worth more” in 5 years than what I had to pay the US MINT to get them.

By: Jim

Jim — Wed, 21 Mar 2012 19:24:27 +0000

Blame the deputy director (I do) who after a year still doesn’t know what to do.

One doesn’t buy proof coins for investment purposes unless you plan on holding them for a very long time. They’re numismatic coins for collectors who are interested in collecting coins and not necessarily in selling them.

By: poggie

poggie — Wed, 21 Mar 2012 12:47:28 +0000

I refuse to pay $300.00 over melt. 10% would be plenty or $165.00 a fair price to stamp out this coin. Results have shown there is little gain in own the Proof’ version. Where are the new 5 oz silver and the Spousal coins… The Mint is failing to do it’s job.