| Author |
 Replies: 29 / Views: 4,988 |
Page 2 of 2
|
|
|
|
CCF Master Historian of USA Commemoratives
  United States
12318 Posts |
@nickelsearcher: There's no disputing the market data and the logic of your argument, but let me offer my perspective. There are two new commemorative programs released each year. A silver dollar seems to be the default coin for each release, some add a CuNi clad half dollar and some offer a gold half eagle. Purchased within the first 30 days of release, all of the coins are offered by the Mint at a discounted price. For the silver dollars, it has generally been about a $5 discount. Using the discounted 2017 silver dollars for my pricing example, it will cost me about $95.00 to acquire an uncirculated example of each of the two new coins. If I wait a year, I may be able to purchase them for less - let's say 25% less (though that's not always the case). In such a scenario, I will save myself less than $25.00. That works out to be about $2.00 per month that I have to pay to enjoy the coins throughout the first year after their release. It's a time during which I can bring them to my local coin clubs for show-and-tell, possibly incorporate them in an exhibit at a local coin show and maybe even include them in one of the numismatic talks I give during the year. To me, $2.00 a month is a negligible amount to pay to take each new release "on the road" for a year. If there were 10 or 20 releases each year, my thoughts might be different. But, at the current pace allowed by Congress (two programs per year), I feel the slight premium required by direct-from-the-Mint purchases is well worth it (at least for me). If push comes to shove, however, I'll buy one less bottle of Pepsi each month and break even!  Collecting history one coin or medal at a time! (c) commems. All rights reserved.
Edited by commems
02/02/2017 7:21 pm
|
|
Bedrock of the Community
 United States
12863 Posts |
Good points for sure, both sides.
Also, when you buy on the secondary market, you run the risk of getting someone else's reject or cherry pick dumps. For coins that I missed out on the original offering for, I have no choice. Now of course that reasoning can bite you if you get a scratched coin direct from the mint but at least you can return it for a replacement.
|
|
Bedrock of the Community
United States
12863 Posts |
I'm hitting the sack early tonight but did want to put up a picture of the shipping box that I received today with my Lions Club commemoratives. I'll take them out tomorrow or this weekend and get some photos of the coins. The reason I'm posting this is because It looks like the Mint's fulfillment center finally found a reasonably-sized box for shipping one or two coins. In years (shipments) past, I would have gotten a box at least 4x as big filled with paper. You can get the length and width reference from the quarter, but I didn't capture the thickness very well, which is only about an inch. I probably didn't need to redact everything like I did, but it was fun.  Anyway I'm glad to see they're using less packaging where applicable.   Edited by CelticKnot
02/02/2017 10:08 pm
|
|
Pillar of the Community
United States
4901 Posts |
Buy the coin to keep if you collect commems. Do not buy it if you plan to sell it. Great looking reverse and a lame obverse. The 400,000 max between the two is the killer and also means that it will be on sale until 12/31/17 and never get close to that number. I DO love the reverse.. |
|
Valued Member
United States
343 Posts |
I had to zoom in pretty far to see the $1. Figured that should be a little more prominent.
|
|
Moderator
United States
189767 Posts |
Very nice, CelticKnot. Look forward to seeing the inside. |
|
Valued Member
United States
372 Posts |
Celtic Knox - Please breakdown what COTY is Thanks goldnugget
|
|
New Member
United States
49 Posts |
COTY = Coin Of The Year
(Hey look, I can help someone by answering a question! Go me!)
|
|
Moderator
United States
189767 Posts |
Quote:
Hey look, I can help someone by answering a question! Go me!  Quote:
A look at a proof example. Very nice! |
|
Moderator
United States
15544 Posts |
Quote:
If push comes to shove, however, I'll buy one less bottle of Pepsi each month and break even! I concede to the deductive logic that arrived at this conclusion from our master collector commems.  Clearly acknowledge that the pursuit of these coins as a hobbyist is not about making money ... it's the collecting passion and joy for the coins that drives us onward. Otherwise ... why would I be collecting worn-out coins with truly little market value? The original point that most of the modern US Mint products can be obtained on the after-market at less than original cost is true ... and should be considered by every collector pursuing these with the realization that the difference is a bottle of Pepsi every month. David Take a look at my other hobby ... http://www.jk-dk.artEdited by nickelsearcher
02/05/2017 3:12 pm
|
|
Pillar of the Community
United States
5640 Posts |
Received my Uncirculated version of this Beauty, ( the reverse ) . It is nicked and found more than just a speck of dirt under the holder and in the light, being the Unc, there are nicks and chips on both sides,  back He goes....... :( |
|
Bedrock of the Community
United States
12863 Posts |
Ok, so it took me a little longer than I had expected to get a couple photos up here. But you, know...life. Anyway, here is a side-by-side of the proof and uncirculated:   |
|
Pillar of the Community
United States
4901 Posts |
That proof reverse is cool... |
|
Valued Member
United States
343 Posts |
This makes me wish we had big dollar coins circulating again.
|
|
Moderator
United States
189767 Posts |
Quote:
Ok, so it took me a little longer than I had expected to get a couple photos up here. But you, know...life. Anyway, here is a side-by-side of the proof and uncirculated: Better late than never.  Very nice! |
|
Page 2 of 2
|
Replies: 29 / Views: 4,988 |
Page 2 of 2
|
First Page
Posted 02/02/2017 9:51 pm
