Comments on: US Mint Coin Production in July 2012 Hits 906.62 Million

By: Stewart

Stewart — Mon, 10 Sep 2012 00:36:06 +0000

Ultimately this coin has no numismatic value, unless the production numbers are very very small, so YES, you can lose on this and all gold coins. The price per ounce will determine its value, nothing else. Sell it if the price per ounce gets to a point that makes sense to you and your own personal situation.

By: RonnieBGood

RonnieBGood — Sat, 25 Aug 2012 19:51:10 +0000

George,
The proof Lucy Hayes are still available from the mint. The UNC are doing very well now, off sale & do to the very low mintage. You will not lose with this one!!

By: Munzen

Munzen — Sat, 25 Aug 2012 14:31:30 +0000

Production has tracked economic activity, even in this day of credit cards and e-payments, so a 15% increase is very good news.

By: RonnieBGood

RonnieBGood — Fri, 24 Aug 2012 14:55:47 +0000

Hi George, Ready…
The gold content will matter the most in short term profiting from your wise purchase and gold is on an upward move. The much larger than expected unemployment figures are fueling an upward movement in the gold (and 24kt gold coin) market. Watch for a run to the $2000+ level in the 4th quarter of this year. Gift purchases in October and November will also increase the demand for quality coins such as the one you have acquired. This is especially true for a grade 69 or 70 coin with no visible imperfections (a 70 will do the best).

Long term prospects are also very good with the Spouse Series due to the very low mintages (2,263 for this coin so far). You will do best when this coin is “Sold Out or No Longer On Sale” from the Mint but again, if gold prices fall… however, most do not think gold will fall significantly in price anytime over the next three years (until the housing market recovers). There is much more support for gold rising significantly with estimates up to $4,500 (but $2,500 is more realistic), especially if Q3 occurs (the 3d round of devaluing the dollar) and if we have continued high unemployment.

Check out this article on gold: http://www.marketwatch.com/story/gold-futures-soar-after-fed-and-china-data-2012-08-23

The beauty, rarity and grade mater to Spouse Series Coin Collectors but Long Story Short: If you want to make a good profit, wait until it this coin goes off sale And/Or when gold makes the run to $2000+ an ounce.
Ronnie

By: Joe

Joe — Fri, 24 Aug 2012 02:07:30 +0000

Sell when they get to Kennedy.

By: george glazener

george glazener — Thu, 23 Aug 2012 18:42:25 +0000

Ronnie;
What do you think about the long term investment potential of the Lucy Hayes UNC FS Gold Coin? I was lucky enough to get one several months ago. But being kind of inexperienced at flipping, I’m wondering when to hold it, and when to sell it?

By: RonnieBGood

RonnieBGood — Thu, 23 Aug 2012 17:34:26 +0000

That’s a lot of change on the dresser!