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 Replies: 33 / Views: 7,322 |
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Pillar of the Community
United States
6326 Posts |
I think some of us are just in that "grey area".....first and foremost, we're "collectors" NOT "investors". But, it makes us feel good that something we have remains valuable or semi-valuable for years to come. And that's a tricky thing with Ultra Modern coins/sets. Most of the time they fall to "below" original issue price in time. So it's just a "big deal".......if it's above that for whatever amount of time. But for Ultra Modern "collectors"..... we don't just collect for "ourselves".....it's also for our young kids to have when they grow up or if times got rough........whatever. It isn't important that we didn't "flip" during the feeding frenzy on ebay when the time was good for the best profits, but moreso that it "retains" a certain level well above original issue price, at least. Obviously "Classic" coins are better in most all regards with this.....but when you love Ultra Modern "too"....... You gotta do what ya gotta do........and then you close your eyes and just HOPE ! .....  Edited by eaglefoot
11/07/2011 11:33 am
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Moderator
 United States
188952 Posts |
Quote:
There are a lot of people that talk about these items as an investment. What most fail to realize is that if they bought from the mint with the idea that it would be an investment they succeeded as soon as they purchased. Holding the item for any length of time diminishes the % profit of their investment. From an investment standpoint the items should be sold at the height of the frenzy. I will revise my position to say that they are still doing good, but had done much better in the past.  Quote:
I understand that many people buy modern sets strictly from a collector standpoint. Their best bet is obviously to buy direct from the mint. Failing that they should wait until the frenzy subsides & prices stabilize at a lower level. I agree.  |
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Pillar of the Community
United States
1745 Posts |
Yes, I agree the height of the frenzy is over. When released, I bought two and sold one for double the price, so the one I kept was essentially free. Free is always good.
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Pillar of the Community
United Kingdom
1682 Posts |
I do think this set is special since it celebrate the 200th anniversary of Abraham Lincoln's birth. So I bought one for that fact, not as investment but knowing 50K made is nice for long term value. Unlike the ASE set, they did a 20th and now a 25th. What next the 30th? |
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Pillar of the Community
United States
7840 Posts |
Would not be surprised with a 30th Anniversary ASE set. |
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Pillar of the Community
United States
2150 Posts |
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Pillar of the Community
United States
6326 Posts |
Hey guys.....we're talking about the United States Mint here ! You KNOW there's going to be a "Reverse Proof" AT LEAST every 5 years now ! ......  They will take something "special" (which is a rare thing for them to do in the first place) and OVER-produce it in time on such a MASS level that it will reduce their value horrifically......but they'll count their profits all the way to the "bank" so to speak....no pun intended ! In "my" lifetime...... I suspect that I'll see at least 8 more Reverse Proofs .....  |
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Pillar of the Community
United States
5618 Posts |
Overall this set is special, the packaging is sweet and the set has a great spot in my collection. I also have the dollar in unc and proof, and the cents in the proof sets and the mint sets too. I do think if they did something special, above the production of the set, things would have another attraction to make/keep the set more special........PS, 1st and foremost a collector, I agree there is a special feeling seeing any coins or sets go up in value when you know you have it in your collection.....
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Pillar of the Community
United States
7629 Posts |
Quote:There is one significant problem with these wants of zinc proofs, W mintmarks, Wheat cent reverse, or gold composition- they all would have required Congressional legislation. The Lincoln Bicentennial legislation specifically authorized collector versions to be minted in the original bronze composition but it did not allow for all the other scenarios. Since the US Mint is not allowed to make unilateral decisions regarding design and composition changes, the other ideas never had a chance of happening. But it 'could' have happened if their heads weren't stuck where the sun doesn't shine when they were making their 'decisions'. I think they need more collectors in the chain of decisions. More people to keep the officials clear on what they should and should not do. |
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Moderator
United States
188952 Posts |
Quote:
I think they need more collectors in the chain of decisions. More people to keep the officials clear on what they should and should not do. I agree. There would be a lot less to complain about. However, not all of the complaints would end, given how we (the collectors) disagree at times. |
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Pillar of the Community
2224 Posts |
Although the ASE 25th set package is nice, in alot of respects the Linc Chron packaging is much nicer to my eye. |
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Bedrock of the Community
United States
20753 Posts |
Just as with a new car, prices drop sometimes. Ever notice how a new restaurant is packed with people and a few months later almost empty. Don't forget the 2009 coins are still basically new. Only a few years old so the real price will be what it is in a few more years. Many coins start out high, drop a bit, sometimes continue to drop, others go up, up, up. In 1957 who would have ever thought a Chevy Convert would be worth 50 times what it is selling for. Coins too are like that. IF popular, the price goes up. IF not, the price goes down. And now to go back an count my Beanie Babies.  |
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Pillar of the Community
United States
6326 Posts |
Quote:
Whytlash ....... I also received my Lincoln Coin and Chronicles set today (Awesome set!) that I completely missed the boat on. Got it from Mint Products for $130 From another post.......the latest happy customer with the Lincoln Coin & Chronicles Set ! He paid $130.00 and is super pleased with it ! This price falls into the average that I've been hearing they're going for.......and staying at, which is nice ! This is one Set where we are all " down with the OGP" ! ....     |
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Bedrock of the Community
United States
20753 Posts |
Quote:
The C&C should have had a unique 95% copper 2009-S VDB uncirculated Cent
(in addition to its five Proof coins) and a mintage of 484,000. Sounds like a great idea. A little to late though or we could have mentioned this to the USMint. |
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Valued Member
United States
407 Posts |
Eaglefoot is right. I was grabbing a couple of other things and noticed that they showed it in stock. I checked the prices on ebay and they were all higher, so I ordered it. I was happy to pay that price for it. It is a stunning set. Very well done. True, I already have the coins that are in the set, but the presentation of the coins in the SET with the the copy of the Gettysburg Address written in Linclon's hand, all in a book form, is inspiring. Steve |
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Posted 11/07/2011 3:44 pm
