Comments on: The 2007 24K Gold First Spouse Coins Are Now Available http://blog.adamnash.com/2007/06/19/the-2007-24k-gold-first-spouse-coins-are-now-available/ The personal blog of Adam Nash Thu, 29 Jul 2010 05:07:45 +0000 hourly 1 http://wordpress.com/ By: Goldreak http://blog.adamnash.com/2007/06/19/the-2007-24k-gold-first-spouse-coins-are-now-available/#comment-28685 Goldreak Tue, 27 Apr 2010 18:40:23 +0000 http://psychohistory.wordpress.com/2007/06/19/the-2007-24k-gold-first-spouse-coins-are-now-available/#comment-28685 The motivation to purchase gold is generally driven by the pursuit of some defensive financial strategy. The motivation to purchase gold is generally driven by the pursuit of some defensive financial strategy.

]]> By: Adam Nash http://blog.adamnash.com/2007/06/19/the-2007-24k-gold-first-spouse-coins-are-now-available/#comment-11249 Adam Nash Thu, 19 Jul 2007 03:12:27 +0000 http://psychohistory.wordpress.com/2007/06/19/the-2007-24k-gold-first-spouse-coins-are-now-available/#comment-11249 I'm not sure that there can be any flood in the market - in the end, the mintage is extremely limited. This firm didn't create any new sets, they are just buying sets because they think they can sell them for more. At some point, the price will flatten out when supply & demand meet. I think the bigger issue isn't supply, but rather what is the demand for coins at this price? The number of people collecting the whole set has to be fairly small given the price overall. My guess is that the price will decrease as the novelty wears off. There is also a clear "buzz" going on now, largely because of how fast they sold out, and how slowly the mint is fulfilling orders. My own orders have been pushed to August for fulfillment from the US Mint. Terrible. Adam I’m not sure that there can be any flood in the market – in the end, the mintage is extremely limited. This firm didn’t create any new sets, they are just buying sets because they think they can sell them for more.

At some point, the price will flatten out when supply & demand meet. I think the bigger issue isn’t supply, but rather what is the demand for coins at this price? The number of people collecting the whole set has to be fairly small given the price overall.

My guess is that the price will decrease as the novelty wears off. There is also a clear “buzz” going on now, largely because of how fast they sold out, and how slowly the mint is fulfilling orders.

My own orders have been pushed to August for fulfillment from the US Mint. Terrible.

Adam

]]> By: henry goldman http://blog.adamnash.com/2007/06/19/the-2007-24k-gold-first-spouse-coins-are-now-available/#comment-11232 henry goldman Wed, 18 Jul 2007 21:45:44 +0000 http://psychohistory.wordpress.com/2007/06/19/the-2007-24k-gold-first-spouse-coins-are-now-available/#comment-11232 Im interested to hear opinions on this: A friend of mine informed me that the coins were going on sale and a reputable company was offering 10% on top of the purchase price to buy the coins from whomever purchased them. I personally know of over ten thousand sets bought this way. The company is now offering 25% + considering you can get more than that on ebay. Once all these buyers - who all have no interest in coin collection - recieve the coins and begin to flood the market...where will the price go??? Do you think there is enough real demand to keep the price up? your thoughts? henry Im interested to hear opinions on this:
A friend of mine informed me that the coins were going on sale and a reputable company was offering 10% on top of the purchase price to buy the coins from whomever purchased them. I personally know of over ten thousand sets bought this way. The company is now offering 25% + considering you can get more than that on ebay. Once all these buyers – who all have no interest in coin collection – recieve the coins and begin to flood the market…where will the price go??? Do you think there is enough real demand to keep the price up?
your thoughts?
henry

]]> By: Adam Nash http://blog.adamnash.com/2007/06/19/the-2007-24k-gold-first-spouse-coins-are-now-available/#comment-10454 Adam Nash Fri, 06 Jul 2007 01:04:19 +0000 http://psychohistory.wordpress.com/2007/06/19/the-2007-24k-gold-first-spouse-coins-are-now-available/#comment-10454 I just checked, and the US Mint does not seem to be taking orders for the First Spouse coins. They all show up as unavailable. Adam I just checked, and the US Mint does not seem to be taking orders for the First Spouse coins. They all show up as unavailable.

Adam

]]> By: Ilya http://blog.adamnash.com/2007/06/19/the-2007-24k-gold-first-spouse-coins-are-now-available/#comment-10449 Ilya Thu, 05 Jul 2007 19:58:46 +0000 http://psychohistory.wordpress.com/2007/06/19/the-2007-24k-gold-first-spouse-coins-are-now-available/#comment-10449 The mint is taking orders again -- for shipment on July 20. I placed my order and it shows up "Backorered until July 20". I wonder if they have raised the number of coins being made or these were some that came from incompleted sales. The mint is taking orders again — for shipment on July 20.
I placed my order and it shows up “Backorered until July 20″.
I wonder if they have raised the number of coins being made or these were some that came from incompleted sales.

]]> By: Kenny http://blog.adamnash.com/2007/06/19/the-2007-24k-gold-first-spouse-coins-are-now-available/#comment-9984 Kenny Tue, 26 Jun 2007 23:11:25 +0000 http://psychohistory.wordpress.com/2007/06/19/the-2007-24k-gold-first-spouse-coins-are-now-available/#comment-9984 These baby's are going to sky rocket. I bought 8 of these honeys and lock them in my safe for retirement. These baby’s are going to sky rocket. I bought 8 of these honeys and lock them in my safe for retirement.

]]> By: Adam Nash http://blog.adamnash.com/2007/06/19/the-2007-24k-gold-first-spouse-coins-are-now-available/#comment-9981 Adam Nash Tue, 26 Jun 2007 22:56:35 +0000 http://psychohistory.wordpress.com/2007/06/19/the-2007-24k-gold-first-spouse-coins-are-now-available/#comment-9981 BTW My bet is that the value of the first spouse coins goes down before it goes up - there is always artificial demand around sellout coins at the mint, even commemorative coins. But usually that demand wanes when people realize there are plenty available on eBay, and they don't want them that much anyway. Supply & demand. We'll see if this is really a series people want to own. I have a tough decision to make on whether I keep mine or not. BTW My bet is that the value of the first spouse coins goes down before it goes up – there is always artificial demand around sellout coins at the mint, even commemorative coins. But usually that demand wanes when people realize there are plenty available on eBay, and they don’t want them that much anyway.

Supply & demand. We’ll see if this is really a series people want to own. I have a tough decision to make on whether I keep mine or not.

]]> By: Adam Nash http://blog.adamnash.com/2007/06/19/the-2007-24k-gold-first-spouse-coins-are-now-available/#comment-9980 Adam Nash Tue, 26 Jun 2007 22:55:12 +0000 http://psychohistory.wordpress.com/2007/06/19/the-2007-24k-gold-first-spouse-coins-are-now-available/#comment-9980 I writing a new post today with the dates for the next two dates for first spouse coins. August 16th for Jefferson's liberty, and November 15 for Dolley Madison. I expect there will be a rush for both, given the sellout of the first two. Adam I writing a new post today with the dates for the next two dates for first spouse coins.

August 16th for Jefferson’s liberty, and November 15 for Dolley Madison. I expect there will be a rush for both, given the sellout of the first two.

Adam

]]> By: Mac attack http://blog.adamnash.com/2007/06/19/the-2007-24k-gold-first-spouse-coins-are-now-available/#comment-9967 Mac attack Tue, 26 Jun 2007 18:03:02 +0000 http://psychohistory.wordpress.com/2007/06/19/the-2007-24k-gold-first-spouse-coins-are-now-available/#comment-9967 Since the spouse coins sold out so fast, do you how much they will be worth 5 months to a year from. And how about the next two coins coming out. It's going to get crazy before the of this year. Since the spouse coins sold out so fast, do you how much they will be worth 5 months to a year from. And how about the next two coins coming out. It’s going to get crazy before the of this year.

]]> By: Adam Nash http://blog.adamnash.com/2007/06/19/the-2007-24k-gold-first-spouse-coins-are-now-available/#comment-9555 Adam Nash Thu, 21 Jun 2007 19:08:13 +0000 http://psychohistory.wordpress.com/2007/06/19/the-2007-24k-gold-first-spouse-coins-are-now-available/#comment-9555 Hi Ron, The new dollar coins are the same size as the Sacagewea. The first spouse coins are roughly the same size as a 1/2 ounce gold eagle. Adam Hi Ron,

The new dollar coins are the same size as the Sacagewea. The first spouse coins are roughly the same size as a 1/2 ounce gold eagle.

Adam

]]> By: Psychohistory 2007 Presidential $1 Dollar Coin Proof Set Now Available (US Mint, June 21) « http://blog.adamnash.com/2007/06/19/the-2007-24k-gold-first-spouse-coins-are-now-available/#comment-9552 Psychohistory 2007 Presidential $1 Dollar Coin Proof Set Now Available (US Mint, June 21) « Thu, 21 Jun 2007 18:54:01 +0000 http://psychohistory.wordpress.com/2007/06/19/the-2007-24k-gold-first-spouse-coins-are-now-available/#comment-9552 [...] The 2007 24K Gold First Spouse Coins Are Now Available [...] [...] The 2007 24K Gold First Spouse Coins Are Now Available [...]

]]> By: ron http://blog.adamnash.com/2007/06/19/the-2007-24k-gold-first-spouse-coins-are-now-available/#comment-9545 ron Thu, 21 Jun 2007 17:12:24 +0000 http://psychohistory.wordpress.com/2007/06/19/the-2007-24k-gold-first-spouse-coins-are-now-available/#comment-9545 Big as a quarter?, big as the sacagewa dollar? or smaller? Big as a quarter?, big as the sacagewa dollar? or smaller?

]]> By: Adam Nash http://blog.adamnash.com/2007/06/19/the-2007-24k-gold-first-spouse-coins-are-now-available/#comment-9485 Adam Nash Thu, 21 Jun 2007 04:35:19 +0000 http://psychohistory.wordpress.com/2007/06/19/the-2007-24k-gold-first-spouse-coins-are-now-available/#comment-9485 You are 100% correct. I would never have thought! I'm glad I got my order in when I did. I should have ordered more! It will be very interesting to see the relative mintage of the two types of coins. It looks like the uncirculated sold out first... not sure what that means. I need to investigate those eBay prices... add it to my marketplace research saved queries. You are 100% correct. I would never have thought! I’m glad I got my order in when I did. I should have ordered more!

It will be very interesting to see the relative mintage of the two types of coins. It looks like the uncirculated sold out first… not sure what that means.

I need to investigate those eBay prices… add it to my marketplace research saved queries.

]]> By: Geoff http://blog.adamnash.com/2007/06/19/the-2007-24k-gold-first-spouse-coins-are-now-available/#comment-9472 Geoff Thu, 21 Jun 2007 01:32:30 +0000 http://psychohistory.wordpress.com/2007/06/19/the-2007-24k-gold-first-spouse-coins-are-now-available/#comment-9472 I also forgot to note that they are no longer taking orders for the Cancelation list. I also forgot to note that they are no longer taking orders for the Cancelation list.

]]> By: Geoff http://blog.adamnash.com/2007/06/19/the-2007-24k-gold-first-spouse-coins-are-now-available/#comment-9471 Geoff Thu, 21 Jun 2007 01:28:47 +0000 http://psychohistory.wordpress.com/2007/06/19/the-2007-24k-gold-first-spouse-coins-are-now-available/#comment-9471 Well lets just say, they are selling on Ebay for $800-$1000. And the waiting list for cancelations is 35,000. I would say it was a success. May I also add that the coins sold out within 1.5 hrs Well lets just say, they are selling on Ebay for $800-$1000.
And the waiting list for cancelations is 35,000. I would say it was a success. May I also add that the coins sold out within 1.5 hrs

]]> By: markcole http://blog.adamnash.com/2007/06/19/the-2007-24k-gold-first-spouse-coins-are-now-available/#comment-9435 markcole Wed, 20 Jun 2007 17:11:43 +0000 http://psychohistory.wordpress.com/2007/06/19/the-2007-24k-gold-first-spouse-coins-are-now-available/#comment-9435 They sold out already. When I clicked on: http://catalog.usmint.gov/webapp/wcs/stores/servlet/CategoryDisplay?langId=-1&storeId=10001&catalogId=10001&identifier=8500 They were all: "Product is not available" I am going to settle for the bronze metal ones for now. Those are only $3.50 apiece. Gold is going for about $700 an ounce, so the gold content of the first spouse coins is about $350. They sold out already. When I clicked on:
http://catalog.usmint.gov/webapp/wcs/stores/servlet/CategoryDisplay?langId=-1&storeId=10001&catalogId=10001&identifier=8500

They were all: “Product is not available”
I am going to settle for the bronze metal ones for now. Those are only $3.50 apiece. Gold is going for about $700 an ounce, so the gold content of the first spouse coins is about $350.

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