Price Performance of 2008 US Mint Products
I recently compiled some data on the price levels for sold out 2008 US Mint products. There are literally dozens of big winners this year, led by the 2008 Proof Silver Eagle and 2008 Proof Set.
Full post available on Mint News Blog. Below is the data:
Full post available on Mint News Blog. Below is the data:
Tags: usmint
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Replies to This Discussion
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Permalink Reply by Platinum Fanatic on -
Great post, Michael! Wish I had gotten in on the clad proof sets. Also interesting that not many proof plat eagles are on Ebay. Could be a sign that those holding them believe they have enormous growth potential.
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Permalink Reply by Lureuin on -
Great post on Mint News Blog which made me come hear immediately. I am very interested in the final mintages figures for the Proof Plats. There still isn't any official counts for the proof plat mintages for 2006 and 2007, so we may have to wait 3 years for the final numbers for 2008.. If anyone knows these figures, I would love to know them.When I up-graded my 2008 1/2oz I didn't use my PF69 as a trade and only spent $659. I'm hoping that I'm holding an extra "key date" for the series.
Also, how sure are you on the 2008 proof sets being the lowest mintages since the 50's? If this is true, the Complete set should start to sell for over $100 very soon.
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Permalink Reply by coinnetwork on -
Lureuin said:Also, how sure are you on the 2008 proof sets being the lowest mintages since the 50's? If this is true, the Complete set should start to sell for over $100 very soon.
The Red Book has a section on Proof Sets that includes mintages for each year. Looking at just the regular issue proof sets, all of them show mintages greater than 1.4 million. You have to go back to 1959 to get below that number, when the mintage was 1,149,291.
However, the modern proof sets are arguably not comparable since there are multiple set options. For example, this year has a Proof Set, Silver Proof Set, American Legacy Set, State Quarter Proof Set, and Presidential Dollar Proof Set. Nonetheless I do think this year is pretty significant.
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Permalink Reply by Coin Blogger on -
I just wrote a blog article about Michael's research, Price Performance of 1/2 Oz. Gold Buffalo Coins, over at Coin Blogger. Why do you think that the half ounce coins performed worse than the other fractional issues?
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Permalink Reply by Justin on -
I've been tracking completed ebay coin sales for the last month or so (I don't track reserve not met or 0 bid). I ran a report against by DB and my numbers look a lot different. Below are average sales prices for all years and multiple grades of platinum coins over the last 30 days. NOTE: I only track PCGS graded coins.
$100 2001-W PR69DC 1240.00
$100 2002-W PR69DC 1225.00
$100 2004-W PR69DC 1850.00
$100 2005-W PR69DC 1278.99
$100 2006-W MS69 1488.00
$100 2007-W PR70DC 1850.00
$100 2008-W MS69 1194.00
$100 2008-W MS70 1475.22
$50 1997-W PR69DC 560.50
$50 2008 MS70 730.95
$50 2008-W MS69 541.00
$50 2008-W MS70 767.00
$25 1997-W PR69DC 340.00
$25 2008-W MS70 479.00
$10 1997 MS69 123.05
$10 1997-W PR69DC 139.56
$10 1999 MS69 122.50
$10 1999 MS70 3250.00
$10 2000-W PR70DC 226.99
$10 2002 MS69 121.50
$10 2003 MS69 155.00
$10 2003 MS70 127.59
$10 2006 MS69 120.40
$10 2006-W PR70DC 281.99
$10 2008-W MS70 260.00
and here are the gold buffalo....
$5 2008-W PR69DC 569.00
$10 2008-W MS69 523.99
$10 2008-W MS70 804.75
$25 2008-W PR70DC 821.40
$50 2006 MS69 1004.00
$50 2006 MS70 1326.01
$50 2006-W PR69DC 917.87
$50 2006-W PR70DC 1200.00
$50 2008 MS69 924.72
$50 2008 MS70 1071.34
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Permalink Reply by Jim on -
Coin Blogger said:I just wrote a blog article about Michael's research, Price Performance of 1/2 Oz. Gold Buffalo Coins, over at Coin Blogger. Why do you think that the half ounce coins performed worse than the other fractional issues?
Not sure why - the 1/2 ounce proof will likely have the lowest mintage of all the Gold Buffalos and thus be the most scarce. You would think that would lead to higher values. The certified 1/2 ounce gold is selling for a little more - between 800 and 1000 per coin. It was the last to sell out - is it possible there is some lag time? Maybe it has to catch up with the others...?
As for the uncirculated 1/2 ounce Gold Buffalo, it's still technically available in the double prosperity set - a set which could drive the mintage totals pretty high. It will likely be the fractional with the highest totals. So, the fact that you can still get it and the possible large quantity could be holding it back.
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Permalink Reply by Coin Blogger on
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Is it common for these coins to go up in price after the year closes? Is this consistently a good way to make some extra money on ebay?
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Permalink Reply by idunk on -
George Z-man said:I have noticed over the years that speculators tend to drive the price up during the year of production,
then as time passes the price usually tapers off to a more realistic value depending on demand and
supply. Try to buy from the saurce, the Mint, if possable. I think many second hand sales of coins
are over priced initially, but real value is in rarity. No one can judge early, the initial popularity a coin may have.
Its an individual's judgement call using mint figures that are available and circumstances affecting the production
and publicity surrounding the promotion of the product. Seek as much information through research, before you buy. Quick turn around on a coin sale on e-bay for quick profit has it's rewards, sometimes, but I prefer the long term.
Coin Blogger said:Is it common for these coins to go up in price after the year closes? Is this consistently a good way to make some extra money on ebay?
I agree with you, this is a great time to make some quick bucks. Wish I would have acted on my intuitions instead of my fear of buying a dead horse. Anyway if your a collector of any of these, I wouldn't be buying now......prices will cool down on all of these coins.
© 2012 Created by coinnetwork.
