Several U.S. Mint programs have allowed for fast, nearly immediate,
profits for fast collectors.
Yet, in some instances, if collectors held the coins, the rewards
would be potentially greater.
At noon Eastern Standard Time on Jan. 22, 2009, the U.S. Mint
released the 2009 Saint-Gaudens, Ultra High Relief gold $20 coin. The
Mint had warned collectors on its website, “Orders will be processed
on a first-come, first-serve basis, and may take up to six to nine
months to fulfill based on gold blank availability.”
Once the coins began to be shipped in February, the first buyers
could sell their allotment of one coin for a fast $500 profit.
On July 27, 2009, the ordering limit was raised to 10 per
household and at the 2009 American Numismatic Association World’s Fair
of Money in Los Angeles, collectors who waited in line for an hour and
purchased the maximum of 10 could sell them on the floor for a fast
$60 per coin profit or $600 total profit.
By the time the ordering limit was raised to 25 per household on
Aug. 31, 2009, demand subsided as had the time for fast profits.
Yet, those collectors who purchased the limit of 25 coins at the
then-going rate of $1,389 and held them have also been rewarded
handsomely. As of April 5, at least one market maker is paying $2,600
for fresh examples, nearly doubling a buyer’s initial $34,725
investment in the 25 Ultra High Relief coins.
Another area of quick profits has been with Proof American Eagle
silver bullion coins. Buyers who ordered their allotment of 100 Proof
2010-W American Eagle silver coins at $45.95 each were rewarded with a
quick $400 gain when selling them immediately to dealers who were
paying $50 each.
Those who waited to sell them have been fortunate, indeed. As of
April 5, several national dealers are paying $64 each for these,
providing those who bought and held the 100 coins with a possible
profit of $1,800!
When the Lincoln Coin and Chronicles set was released by the Mint
on Oct. 15, 2009, priced at $55.95, with an ordering limit of one per
household, buyers could quickly sell their sets for $150 each. After
the initial flurry, the set stayed at the $140 to $175 level where it
The 2009-P Abraham Lincoln Bicentennial silver dollar went on sale
Feb. 12, 2009, at a pre-issue price of $37.95 for the Proof version
and $31.95 for the Uncirculated coin.
The first coins to enter the marketplace sold for modest premiums
that allowed $10 to $15 profits per coin, and today these coins trade
at the $50 to $60 level, allowing for $20 to $25 per-coin profits.
But, not every modern issue is a winner, well-suited for fast profits.
Steven Roach is associate editor of Coin World. Email him