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TerrapinWill
Valued Member
USA
57 Posts |
 Posted 07/27/2005 09:55 am
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Are you surprised they havent sold out yet. I thought I had read that the production of these sets stopped a few weeks back. Arent the new ones due out in a week or so. I would have expected the Bison 2 Roll sets to sell out. Does anyone know how many sets the mint has made? Are those numbers available? thoguhts on the future value of these sets?
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crystalk64
Pillar Of The Community
USA
3147 Posts |
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crystalk64
Pillar Of The Community
USA
3147 Posts |
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national dealer
Pillar Of The Community
USA
2724 Posts |
Posted 07/27/2005 10:28 am
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The roll sets are not a limited number release. 60% of all the 50 some million coins have been placed in rolls sold by the mint. I would be darn surprised to see a sell out of these rolls.
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TerrapinWill
Valued Member
USA
57 Posts |
Posted 07/27/2005 11:00 am
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the Mint 2 roll sets must have a production limit....why else would the other 6 month issues have sold out?
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national dealer
Pillar Of The Community
USA
2724 Posts |
Posted 07/27/2005 11:13 am
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They do have production runs, however, this can be in the many millions. There are NO hard and fast rules for such a production of circulation quality coins. The U.S. Mint is not the best at guessing collector demand, but this new Bison Nickel was a no brainer even for the Mint.
There will be Millions of these rolls available at any given time. This is a current hype and should not be considered investment potential at all.
If you want something that has a good chance at succeeding, stick with Mint and Proof sets. These are at least somewhat limited.
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TerrapinWill
Valued Member
USA
57 Posts |
Posted 07/27/2005 11:33 am
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I thought there was a limit on the number of 2 Roll sets that are produced, not an artificial limit, but rather a "we're done packaging these sets and when they are gone they are gone". I mean they must stop making the 2 Roll sets at some point. Dont they stop producing the two roll sets when they start the next series of two roll sets?
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national dealer
Pillar Of The Community
USA
2724 Posts |
Posted 07/27/2005 11:42 am
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In the State Quarter, Kennedy, Sacagawea rolls there is a law requiring this, but I am not aware of one for the Nickel series. It may very well be that all the rolls are already wrapped and ready to go, but the supply is still great.
You have to remember that the U.S. Mint is a branch of the government and logic is not always the formost factor in decisions. This Nickel series is a big cash cow, and 80% of the people in the country have no clue as to how to obtain these pieces. The Mint will sell as many as they can. There are NO numbers as to how many have been Mint wrapped, and probably won't be for quite some time.
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Errorcoins
Member
USA
703 Posts |
Posted 07/27/2005 11:55 am
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I think the error/ varieties have and will have the the best chance for the most gain, especially if you found the variety yourself in rolls or bags. YES there is a lot of junk varieties being sold on ebay. BUT there are also some REAL varieties that have a future.
The big three IMO are the "Speared Bison", "Two-Horned Bison" and "Detatched Leg Bison"
Then the next level of very nice bison varieties, "Wounded Bison" , "Detached Eye Jefferson" "Bald Bison" (worn dies, but nice eye appeal)
Then the long die cracks which there are many, still cool varieties imo.
Major die fills are nice as well as double cuds.
Small die cracks, cuds, and minor die fills are very common, but still carry a nice premium over face.
Other coins some ebayers are calling errors ...are not or are very very minor errors not worth much.
........................
As for the high grade uncirculated Bisons, I agree with Terry that those will be in demand. I have quite a few of these I found while searching for errors.
Two roll coin sets, bags, and boxes......man I have way, way too many of these. I sure hope they go up since my cost average is at least twice face. Most peoples cost average is about twice face so maybe they will hold at that. I used to buy stocks and they can go to zero. Coins bought at twice face can't go to zero. I don't see a huge price increase for the P&D rolls especially if opened... :)
No worries it was fun and I have a few very nice varieties and a lot of minor varieties and about a ton of bison laying around getting coffee spilt on em...just kidding....errrr....well I guess some have been spilled on.
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Edited by Errorcoins - 07/27/2005 11:58 am |
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crystalk64
Pillar Of The Community
USA
3147 Posts |
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TerrapinWill
Valued Member
USA
57 Posts |
Posted 07/28/2005 08:05 am
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I think the Sets will sell out soon. probably end of august.
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The_Cave_Troll
Valued Member
USA
218 Posts |
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national dealer
Pillar Of The Community
USA
2724 Posts |
Posted 07/28/2005 6:30 pm
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The Mint may stop sales soon, but that does not equal a sell out. Wholesalers will pick up the remaining inventory and it will still enter the market.
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TerrapinWill
Valued Member
USA
57 Posts |
Posted 07/29/2005 11:15 am
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Well I just assumed they stopped producing, and there are likely enough demand to pick up what is left. My gut says they will sell out shortly after new nickels are launched. No additional evidence here, just my best guess. I wonder if anyone has final mintage figured for 2 Roll Sets?
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national dealer
Pillar Of The Community
USA
2724 Posts |
Posted 07/29/2005 3:43 pm
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The new nickel goes on sale August 1st. Publications like CoinWorld will post the final sales numbers once the Mint releases them. It will be in the millions, so don't get your hopes up on these sets commanding any real premium.
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