tag:blogger.com,1999:blog-4433024393760369647.post3359085926234978680..comments2023-05-05T02:34:17.002-07:00Comments on Mint News Blog: US Mint Catching Up with Gold OfferingsUnknownnoreply@blogger.comBlogger27125tag:blogger.com,1999:blog-4433024393760369647.post-38947939635625523762010-05-11T15:04:09.948-07:002010-05-11T15:04:09.948-07:00Yes I concur with above comment. The odds are much...Yes I concur with above comment. The odds are much better that the monkeys will fly out and that you will you also find Pam Anderson with her shorts on at a rock star convention.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-61368733437882565162010-05-11T12:43:54.287-07:002010-05-11T12:43:54.287-07:00Anybody who bought quantities of Gold Eagles in 20...Anybody who bought quantities of Gold Eagles in 2001 when gold was only $2xx/oz. could make a "paper" killing today. But with the state of the economy now, who would want to convert their gold to paper?<br /><br />I guess they could sell off enough of it to recover the paper they spent on it back then, and if the price ever goes back down to those levels again they could re-invest it and increase their holdings even more.<br /><br />About the price ever getting back down to $2xx/oz. again, hey, it could happen! Yeah! And monkeys might fly out of my butt!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-47042889719545477412010-05-11T12:38:24.432-07:002010-05-11T12:38:24.432-07:00It will be interesting to see if higher prices beg...It will be interesting to see if higher prices begin to deter collectors. I remember thinking how steep the 2009 proof buffalos were at over $1300. Looks like the 2010s may be $1500. Gold is quickly beginning to become unaffordable to many former collectors.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-34008927573083868732010-05-11T12:00:23.965-07:002010-05-11T12:00:23.965-07:00I put 20% of my 401k into gold and silver. From th...I put 20% of my 401k into gold and silver. From the time I bought to now, gold is up 25% and silver is up 10%<br />Best performing asset in my portfolio.<br /><br />JAAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-9954033811531465762010-05-11T11:49:09.717-07:002010-05-11T11:49:09.717-07:00I could be mistaken but I think the gold prices re...I could be mistaken but I think the gold prices reflect a "hedging of bets" in the investment community. The world economy is still in the doldrums. The recovery may take a few years but money in gold funds will eventually move over to other portfolios. Perhaps the lucky ones are those who purchased mounds of AGEs in 1986 and are cashing in now. I used to have a couple of 1986 Proof 1 Oz'ers but I sold them to help with the house down payment.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-44835483240613884232010-05-11T11:16:42.675-07:002010-05-11T11:16:42.675-07:00Never say never, but the prospects for much of a d...Never say never, but the prospects for much of a decrease in the gold price DO seem pretty dim in the immediate present.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-9313958135491665572010-05-11T11:02:27.865-07:002010-05-11T11:02:27.865-07:00I am not a gold bug either...just a realist who se...I am not a gold bug either...just a realist who sees the present illusion of value in paper that is printed on an "as-needed" basis. Apparently, I'm not the only one based on what's happening with currencies and gold prices. Gold will never see $800 again; and perhaps $1K!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-71378328285971057982010-05-11T09:28:52.772-07:002010-05-11T09:28:52.772-07:00Folks of Indian ansestry (from India) must be happ...Folks of Indian ansestry (from India) must be happy. Most Indians have a decent amount of gold around the house.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-38385348496258703552010-05-11T08:50:46.999-07:002010-05-11T08:50:46.999-07:00You think that the buffalos have done well so far,...You think that the buffalos have done well so far, wait till people realize that gold is just beginning to go into its new phase!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-78932935177352831742010-05-11T08:49:34.772-07:002010-05-11T08:49:34.772-07:00For all those who thought gold would pop, we hit a...For all those who thought gold would pop, we hit a new record today. PEOPLE, wake the hell up and realize that the world is throwing TRILLIONS, not billions of fiat currency into the world. This is only pushing the problem and only helps in the short term. Gold and I think particularly silver will benefit from this. How many of your friends or neighbors own gold, I would guess ZERO. Imagine if only 10% of US residents put 10% of their wealth into PS metals, what happen to the price. This is not a gold bug talking but someone that has been saying all along that this kind of monetary policy cannot continue.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-63737296522437110112010-05-11T07:08:07.929-07:002010-05-11T07:08:07.929-07:00They really should make more fractionals, especial...They really should make more fractionals, especially the 1/10 oz. The new healthcare law says every time you sell coins to a coin dealer he has to get your SS# and give you and the IRS a 1099 if it is over $600 (per year).<br /><br />While it's not bad paying tax on a $100 profit if you sell a $500 item for $600, if you lost your receipt from when you bought it then you pay tax on the whole $600!<br /><br />And if you bought something for $1200 and sell it for $1000, a loss, you pay tax on the $1000 if you lost your receipt!<br /><br />Good thing the mint keeps record of all our orders for the last 10 years online!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-15192703701272448822010-05-11T06:52:04.789-07:002010-05-11T06:52:04.789-07:00Yeah, gold is very strong right now. If it doesn&...Yeah, gold is very strong right now. If it doesn't pull back soon, it appears very likely that the Mint's coin prices could rise again this week, also to a new all-time level.<br /><br />I calculated the current average this week through today's AM fix at $1,194 and change. Michael will post about the possibility of a price hike in more detail after today's PM fix is known.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-6393158838957606902010-05-11T04:24:43.869-07:002010-05-11T04:24:43.869-07:00Breaking news: This morning gold hit an all time ...Breaking news: This morning gold hit an all time historical high! Highest value ever!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-65610865476294343812010-05-10T23:11:06.097-07:002010-05-10T23:11:06.097-07:00A Newly Designed Eagle could be neat, maybe even a...A Newly Designed Eagle could be neat, maybe even a ultra high relief Silver one,to replace the current big old 'wagon wheel'.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-61006766579775355132010-05-10T22:22:11.603-07:002010-05-10T22:22:11.603-07:00I don't see what the point is in issuing coins...I don't see what the point is in issuing coins this year that were not issued last year. Once you skip a year you lose a lot of collectors.<br /><br />The mint needs to come up with some new coin designs and start fresh with new coin series, not issue coins in broken series that have already gone on for far too long. How many more gold American Eagle coins do we need? Isn't 25 years of them enough?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-11577853621012235752010-05-10T22:17:30.128-07:002010-05-10T22:17:30.128-07:00When all those 73 Anniversary sets and 233 single ...When all those 73 Anniversary sets and 233 single Reverse Proof coins get milk spots you will go crazy, but hopefully not.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-39389867177115063482010-05-10T20:33:59.897-07:002010-05-10T20:33:59.897-07:00To each his own they say. Folks with the necessar...To each his own they say. Folks with the necessary resources have made pretty solid investments in both collector and bullion gold pieces. But, it takes a substantial amount of funds to acquire a sizeable quantity of those lovely items. <br /><br />I chose a different approach to private accumulation for the future of my children and grandchildren. Back in 2006, I had the good fortune to convert a once in a lifetime Casino slot machine win into ASE's. I had bought several 3 coin Anniversary sets from the Mint and upon examination found the Reverse Proof coin particularly absolutely stunning. Actually all 3 pieces as a group were, in my estimation, one of the top 5 sets ever produced by the Mint in recent times. <br /><br />I decided to use that large slot machine win to buy additional 3 coin sets from the Mint direct while timing allowed, and single Reverse Proof pieces from dealers, coin shows, other collectors, and ebay for quite some time then and since. <br /><br />My inventory shows 73 Anniversary sets, and 233 single Reverse Proofs. Call me crazy, but I think the young ones will benefit in the future from these silver items that I was able to acquire in quantity. Silver or Gold, which is best for the little people to hold? Time will tell. ~ GrandpaAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-90706596868050600732010-05-10T19:42:23.030-07:002010-05-10T19:42:23.030-07:00Above commenter: I think it has something to do w...Above commenter: I think it has something to do with the law.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-50173834828231854992010-05-10T19:21:35.560-07:002010-05-10T19:21:35.560-07:00other country like australia. they can produce any...other country like australia. they can produce any coin and dated what you want. like the lunar series I. the last three years were made in the same year. why can the u.s. mint produce this year AGE proof and dated 2009 and 2010?.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-20515926909196984942010-05-10T16:34:07.201-07:002010-05-10T16:34:07.201-07:00Too bad no silver ASEs means only the rich can col...Too bad no silver ASEs means only the rich can collect USMint precious metal products.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-11543587732707597942010-05-10T16:15:57.411-07:002010-05-10T16:15:57.411-07:00I think there is a lot of hype getting into the 08...I think there is a lot of hype getting into the 08-W buffaloes. There are also the 08-W fractionals, some of which have lower mintages with equivalent or larger collector bases. Or the reverse proof 2006 W AGE which is also a long term winner. I for one did very well with the humble 07/08 ASEs!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-34459186604983290502010-05-10T15:07:24.510-07:002010-05-10T15:07:24.510-07:00The fractional proof eagles would be a great help ...The fractional proof eagles would be a great help to the collector on a limited budget although right now it looks like the 1/10 oz proof may still end up close to 200 bucks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-17538444206739340102010-05-10T14:55:44.725-07:002010-05-10T14:55:44.725-07:00The Mint could always "re-evaluate" the ...The Mint could always "re-evaluate" the analysis that led to the demise of the fractional Buffalos. As Michael pointed out in an article a while back, the death of the fractional Buffalos was just a series of unfortunate events that skewed the data the Mint based their decision on.<br /><br />There is a possibility that the Mint will realize that discontinuing the collector fractional Buffalos was a mistake, and may bring them back in the future. It won't happen this year, but there's always next year or beyond. A lot of it will hinge on what happens to the gold price over that time, and investor demand for the bullion coins mandated by law.<br /><br />Man, if the fractional Buffalos ever DO make a comeback, the sky's the limit for the value of the 2008 sets! Holy smokes! Those coins are so RARE, it's hard to take in. I've NEVER seen one for sale in person, only on the internet. I'm fortunate enough to own two Uncirculated 4-coin sets that I bought from the Mint for $1,902.45 each, right before the sellout. I recognized those back then for what they were: An incredible opportunity. I only wish I could have afforded to buy some Proof sets too at that time, but I chose the Uncirculateds since they were lower mintage. At any rate, I did okay.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-52173865148732041282010-05-10T13:32:08.778-07:002010-05-10T13:32:08.778-07:00The Buffalo fractionals are history...you're g...The Buffalo fractionals are history...you're giving way too much credit to the Mint.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4433024393760369647.post-86972667288905715922010-05-10T13:00:52.797-07:002010-05-10T13:00:52.797-07:00Since the mint seems to be catching up, does this ...Since the mint seems to be catching up, does this mean they may revisit the Buffalo fractionals?Anonymousnoreply@blogger.com