UHR as an investment.
How good of an investment do you think these ultra high relief coins will turn out to be.
Views: 0
Replies to This Discussion
-
Permalink Reply by Gary on -
If the sales end up being above 40,000, which his high for a coin that large and made from gold. I would say it would all depend on how high the demand remains on it. If people are just holding on to them and not trading, buy, or selling them. That could cause the market for them to go dormant, and the value would go down. For the market on a coin to say strong, demand had to say high and there has to be not enough to go around. If your lucky though gold might go up and make the value of the coin go up. But then wouldn't it just be bullion?
-
Permalink Reply by Ono on -
I plan on keeping mine and had said just the way it is, but now I'm starting to feel a little different. I wouldn't mind having it graded just because it looks so damn good. I would hope it receives a 70, but I'd still be happy with a 69. Besides the fact that it looks flawless, I can't get passed it looking so small in it's huge home. So my idea is to have it graded and while it's out doing that I will notch out with a router a new home for the PCGS holder it will be in. I'll stain and lacquer the new area to match as best as possible to the old. I want to keep it in it's original wood box and I think this will up it's presentation. Ay input on my idea? And if I send it in quickly enough I would still get on of those First Strikes that everyone loves so much. lol.
-
Permalink Reply by Adam on -
I like the general idea... there was a coin issue I am still hoping to buy and I'm not 100% happy with the box it comes in so my plan is to have it graded and have a new box carved specially... sounds similar hahaha.
Just a case of saving for all this now!
Ono said:I plan on keeping mine and had said just the way it is, but now I'm starting to feel a little different. I wouldn't mind having it graded just because it looks so damn good. I would hope it receives a 70, but I'd still be happy with a 69. Besides the fact that it looks flawless, I can't get passed it looking so small in it's huge home. So my idea is to have it graded and while it's out doing that I will notch out with a router a new home for the PCGS holder it will be in. I'll stain and lacquer the new area to match as best as possible to the old. I want to keep it in it's original wood box and I think this will up it's presentation. Ay input on my idea? And if I send it in quickly enough I would still get on of those First Strikes that everyone loves so much. lol.
-
Permalink Reply by Ono on
-
Guys,
I appreciate the support, now it's 3 against the rest. LOL. I've never had a coin graded either but have a few that I've wanted to. Now when I get the free vouchers I'll get to do that and enjoy some of the nice features on the PCGS site. I think overall it's a win win situation and I can't wait to see how my box idea comes out.
-
Permalink Reply by Adam on
-
I don’t think anyone on here is really 'against' slabbing I just imagine they live by the rule "By the coin, not the slab" and in this way it would stop profiteers from ruining what collecting and grading is all about.
I have never had a coin graded by a third party grading company but I think they provide a valuable service... some coins where I'm not happy with the presentation I would definitely have them slabbed instead and arrange my own box to store this in... its for personal reasons and will probably mean more to me that way anyway.
-
Permalink Reply by AdamL on -
OK. Let me ask another question. If you want the coin purely as an investment, would you sell the UHR on ebay for a profit right now, and turn around and spend that money on regular gold coins with less of a premuim over spot price than the UHR is selling for?
-
Permalink Reply by Adam on
-
Uhhh... I guess you would want to wait and see if there were further delays or even if the mint runs out of blanks. I would say if someone were purely after profit either selling now or after they are no longer minted would be the best guess.
If someone is driven by profit I might suggest they have purchased the wrong coin... its too popular, too beautiful and obvious.
AdamL said:OK. Let me ask another question. If you want the coin purely as an investment, would you sell the UHR on ebay for a profit right now, and turn around and spend that money on regular gold coins with less of a premuim over spot price than the UHR is selling for?
-
Permalink Reply by BigA3723 on -
Adam said:
If someone is driven by profit I might suggest they have purchased the wrong coin... its too popular, too beautiful and obvious.
TO ANSWER Adam:
I purchased 11 of these coins at $1,206 with ship, then paid $64 for rush grading done in 5 days. I have received back 9 so far from PCGS at MS70 First Strike. Therefore, I have 9 coins so far I paid a total of $1,270 each and can sell them immediately on eBay for $2,950 and up. That's about $15,000 in profit JUST on the 9 I received back so far, and was all done in the past 7 days. $15,000.00 PROFIT so far in 7 days! I didn't go to Harvard Business School, but that doesn't sound like the wrong coin to me?!
-
Permalink Reply by Lureuin on -
Remember Charlie Camp and his first First Strike; here it is:
http://cgi.ebay.com/2009-PCGS-MS70-FS-Ultra-High-Relief-Gold-Eagle_...
-
Permalink Reply by BigA3723 on
-
He's crazy! I was saying I can profit a VERY conservative $1,700 per coin, since I have 9 of them in hand so far, I paid $1,206 for each, payed $64 for grading and was using a sale price of $2,950.
So the math is:
9 coins x $1700 PROFIT ($2,950 - $1,206 paid) = $15,300
I also am using $2,950 as sale price, although actual sales today is higher. Here is link of the last PCGS MS70 First Strike that SOLD on eBay about 1.5 hours ago. Price is $3,250, much higher than the numbers I used.
-
Permalink Reply by Dave on -
One of the reasons I don’t want to have mine graded is that I’m comfortable with taking it out of its current capsule if I want to have a closer look. This coin is twice as beautiful when there is no plastic between me and it. I wouldn’t be as comfortable taking a modern day proof coin out for a look. I know the capsules aren’t air tight but I just don’t want to expose a proof to any additional air or respiration.
As for the future value of the coin. It’s hard to gauge an accurate rarity premium for it since it’s a single year issue. The mintage will be higher than most of the annual proof eagle totals but we knew there would be demand for this coin.
The economy and the planchet shortage should keep production numbers below what we would see in a “good” year. I’m figuring future demand will rise, years down the road. But it will also follow the spot price to some degree. To me this will be a family heirloom though. Still thinking about picking up another one…
-
Permalink Reply by Platinum Fanatic on -
The future investment potential all depends on whether the one-per-household limit is lifted or not. If the Mint discontinues the UHR without lifting the limit, they will do very, very well.
© 2012 Created by coinnetwork.
