200x return in 1 month

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the way
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200x return in 1 month

Post by the way » Wed Dec 04, 2019 8:41 pm

Here's a deal bogleheads might not have heard about: the American Eagle 2019-S One Ounce Silver Enhanced Reverse Proof Coin. Last month this coin was sold by the US Mint for $65. 30,000 were sold in about 20 minutes, with ebay sales hitting the $500 range immediately afterwards. It just went up from there. This one is the highest auction so far at $13,001 - 200x returns! - for one of the rare "first 100" that were hand signed by the mint director in flawless PR70 condition: https://www.ebay.com/itm/2019-S-Silver- ... 2834927700

original sales price $65.95:
https://catalog.usmint.gov/american-eag ... -19XE.html

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Wiggums
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Re: 200x return in 1 month

Post by Wiggums » Wed Dec 04, 2019 8:47 pm

What is your question?

RadAudit
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Re: 200x return in 1 month

Post by RadAudit » Wed Dec 04, 2019 8:51 pm

Thanks for sharing the article. Did you get one of the first 100? Did you sell before the break in price?
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gougou
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Re: 200x return in 1 month

Post by gougou » Wed Dec 04, 2019 8:56 pm

I got one. Realistically it's just a 10x return on a mere $60. There are better ways to make money.

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the way
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Re: 200x return in 1 month

Post by the way » Wed Dec 04, 2019 9:11 pm

RadAudit wrote:
Wed Dec 04, 2019 8:51 pm
Thanks for sharing the article. Did you get one of the first 100? Did you sell before the break in price?
Unfortunately, no :( I tried for it but the website was timing out left and right. I did get the much less desired 2019-W which is identical except for the mint mark, and very beautiful too.

The unsigned 2019-S coin is typically going for between $1000 and $4500 right now, based on a variety of factors. This seller is probably smart to sell now, since my guess is prices will settle down slowly. However, this is the rarest coin of this series, so demand is pretty high. The collectors market is probably even more unpredictable than the stock market.

Auction just ended at $14,001 (I just wonder if the buyer will come thru now)

(To the critics, probably right to not really call this a "deal" or investment. However, there definitely were some big coin dealers aggressively scooping up coins from individual sellers, grading them, and doubling their money. They knew what they were doing!)

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LadyGeek
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Re: 200x return in 1 month

Post by LadyGeek » Wed Dec 04, 2019 9:38 pm

This thread is now in the Personal Consumer Issues forum (coins).
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Cubicle
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Re: 200x return in 1 month

Post by Cubicle » Wed Dec 04, 2019 11:31 pm

Nice to marvel at in retrospect. But I would presume its difficult to know which future coins would appreciate as much. Like picking which penny stock will skyrocket.

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celia
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Re: 200x return in 1 month

Post by celia » Thu Dec 05, 2019 12:22 am

^+1

Plus the OP spent time trying to get his/her bid accepted, but it wasn't meant to be. Either you had to be lucky or know how to work your keyboard a certain way.

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JoeRetire
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Re: 200x return in 1 month

Post by JoeRetire » Thu Dec 05, 2019 7:21 am

After reading the title, I thought this was going to be about winning a lottery.
I guess in a way, it was.
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flyingaway
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Re: 200x return in 1 month

Post by flyingaway » Thu Dec 05, 2019 7:44 am

Mint more coins to solve the deficit problem.

njdealguy
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Re: 200x return in 1 month

Post by njdealguy » Thu Dec 05, 2019 9:09 am

gougou wrote:
Wed Dec 04, 2019 8:56 pm
I got one. Realistically it's just a 10x return on a mere $60. There are better ways to make money.
Only on Bogleheads will it be said that there's "better ways to make money" than a relatively easy $540 profit :)

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Sandtrap
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Re: 200x return in 1 month

Post by Sandtrap » Thu Dec 05, 2019 9:15 am

Was the 200X return based on reselling it on ebay and funds received for it?
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bluebolt
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Re: 200x return in 1 month

Post by bluebolt » Thu Dec 05, 2019 9:20 am

njdealguy wrote:
Thu Dec 05, 2019 9:09 am
gougou wrote:
Wed Dec 04, 2019 8:56 pm
I got one. Realistically it's just a 10x return on a mere $60. There are better ways to make money.
Only on Bogleheads will it be said that there's "better ways to make money" than a relatively easy $540 profit :)
If it doesn't scale, most BH aren't interested :happy

ohai
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Re: 200x return in 1 month

Post by ohai » Thu Dec 05, 2019 9:30 am

I heard the real money nowadays is in Air Jordans and "Yeezies".

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David Jay
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Re: 200x return in 1 month

Post by David Jay » Thu Dec 05, 2019 9:34 am

bluebolt wrote:
Thu Dec 05, 2019 9:20 am
If it doesn't scale, most BH aren't interested :happy
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