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Replies: 41 / Views: 3,298 |
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Valued Member
United States
88 Posts |
Big-Byte,
I think that you have a good strategy there. I think collecting key date coins is the best investment; provided that you don't pay too much.
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Pillar of the Community
United States
6326 Posts |
Quote: which modern set of coins will improve the most I put forth the "Special Set" the Mint is putting out for 2009. This Set will include the four proof Lincoln Cents and the Lincoln Silver Dollar. Only 50,000 of these "special sets" will be produced. (And these Lincolns will be 95% copper !!)  ....  ..... So, I think this "modern Set" would "improve the most" in time....especially if they sell out in 4 hours !
Edited by eaglefoot 02/04/2009 4:49 pm
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Pillar of the Community
United States
1228 Posts |
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Pillar of the Community
United States
6326 Posts |
Yeah....there will be 500,000 "coppers" produced for Proof Sets, Silver Proof Sets, American Legacy Sets, Uncirculated Sets, and the "Special Lincoln Sets" and/or whichever Sets they'll include them in.......BUT, my point, was that there will only be "50,000" of these "Special Sets" produced.
Edited by eaglefoot 02/05/2009 09:44 am
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Valued Member
United States
88 Posts |
When will these special sets go on sale?
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Pillar of the Community
United States
6326 Posts |
There is no "official release date" yet.....but the word is "Spring". So, it should be within a couple of months.
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Bedrock of the Community
United States
12437 Posts |
Quote: Yeah....there will be 500,000 "coppers" produced for Proof Sets, Silver Proof Sets, American Legacy Sets, Uncirculated Sets, and the "Special Lincoln Sets" and/or whichever Sets they'll include them in The 500,000 number has nothing to do with the cents, that is the maximum mintage of the Lincoln commemorative dollar and they are reserving 10% of that mintage for the special Lincoln sets. I suppose the real question is will the copper cents only be included in this set and no other Proof or Mint Sets  If that is the case 50,000 coppers of each design will make them a true modern rarity 
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Pillar of the Community
United States
6326 Posts |
Perhaps this is an assumption on my part, but it seems to imply that they'll be in the Proofs, Silver Proofs, etc.. Quote:
These coins will be issued for circulation in quantities to meet the demands of commerce. In addition, the Secretary of the Treasury shall mint and issue numismatic one-cent coins in 2009 with the exact metallic content as contained in the 1909 one-cent coin (95% copper, 5% tin and zinc). These numismatic versions will be included in the United States Mint's annual product offerings. And so I read this US Mint website paragraph to mean that the "numismatic versions" and "annual product offerings" ARE the Proofs, the Silver Proofs, American Legacy Sets, Special Lincoln Sets, and Uncirculated Mint Sets.....
Edited by eaglefoot 02/06/2009 11:07 am
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Pillar of the Community
United States
959 Posts |
[quote][/Posted - 02/04/2009 : 3:55:43 PM -------------------------------------------------------------------------------- Quote: I put forth the "Special Set" the Mint is putting out for 2009. This Set will include the four proof Lincoln Cents and the Lincoln Silver Dollar. Only 50,000 of these "special sets" will be produced. Good point: Look at the 1996 Prestige Proof Set. Issue price was $57.00. Red Book listing is $575.00. And 55,000 sets made.
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Pillar of the Community
United States
6326 Posts |
Yeah, except for that 1996 Prestige Set and one or two other anomaly's, THERE IS NO OTHER MINTAGE NUMBER EVEN CLOSE TO THIS !! ! (50,000) However...with the Special Lincoln Sets...... as far as I know there are only 4 copper Cents and 1 Lincoln Silver Dollar in this set.......  So, I'm not sure it would command such a high premium in time as a few of those other "Prestige and Premier Sets" have.... maybe though. If they would include a couple other denominations in this Set, but then it wouldn't be a "Lincoln" Special Set I guess........ BUT THAT MIGHT ADD TO IT NICELY !It's just the five coins though I'm sure.
Edited by eaglefoot 02/06/2009 5:06 pm
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Valued Member
United States
429 Posts |
...back to the question at hand... lol Are you looking at the entire set, grade, number made.... 1. Sets. Most people do not like to go out and buy an entire set, but when it comes to the short sets the rule does not seem to count. If you are looking at the short sets then I would say: A. Franklin's: most people that see these fall in love with them and you do not have any key dates to worry about. B. Sacagawea: the start of the rebirth of a dollar coin and again, no key dates. 2. Grade. This is the area most people go back and forth on what they feel important but deep down we all want the best. A. Franklin's: again, there are not that many but there really is not a lot of detail so the difference between a circulated coin and a MS coin could be in one small detail or two. These are getting tougher to buy in the lower grades to MS64 with the ease of buying them as junk silver and getting a nice collection in MS63 grade. The nicer ones will soon be sought after more and used as upgrades and the others again will fall into the junk silver to hoard for later. B. Memorial Lincolns: if you have been a member of this board for more than a day you will notice how everyone complains about the higher grades and that you really can not find much in a MS66 or higher range. If you can find these coins you hurry and buy them and wait 20 years and see how much they truly will be in demand. C. Lincoln Wheat's: you can still find them in circulation but they mainly are 40-58 and in bad condition. I bet that most people on this site have a few of them even if they do not collect them and they will hold onto them. If you look at the earlier dates, most of the first 30 years the G4 range is from 50 cents to a dollar, I do not know of another common date coin that would give you 50x-100x face at G4 for a easy to get coin. Over the last 10 years most of these have gone up in price from 10-50% as well. D. Jefferson nickels: like others have posted before, most of the public views these as cents and do not care about them. Have you tried to collect a set with full steps, full detail in the cornice and full hair lines? Most of the ones I pull from circulation will not have 2 out of the 3 and make it not worth saving. E. Key dates, mintage and varieties: This is where a lot of your time will be dedicated to no matter what you collect, but they ALWAYS go up in price and can be sold for more than Red Book to a much needed collector. There is also a shortage of these because of their mintage and higher grades are always in demand. Someone stated earlier to buy the low grade ones when you can and I completely agree. I am not in the situation to do so but I would if I could because they could be sold or traded for other much needed coins. Along with this, certain varieties and errors are also highly sought after: the 1955 double die, the 3 legged buffalo... these also will be in demand for some and could be another great investment.
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Valued Member
 United States
290 Posts |
thanks for the replies. This has been an interesting thread to watch. (maybe because I started the thread).
I also found it interesting that the recent presidential series wasn't mentioned, and the Sac's were only mentioned in the post directly above. what that means... I dunno.
thanks again
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Pillar of the Community
United States
6326 Posts |
novillero.......With long term collectors, I doubt there are very many people putting together or expressing desire of Presidential dollar Sets and/or Sacagawea Sets..... Reasons......low value....too high of mintages.....and the old veteran coin masters just don't seem to have much good to say about them. Just the occasional "Fun for Kids"....."I put the Pres. Sets together for my Kids and/or Grandkids" kind of thing. But they themselves, EVEN TWENTY YEARS FROM NOW, do not think much of the Presidential dollars or the Sac's........ People new to the hobby can certainly be excited by these and it's a good "introductory spirit" and "fun".....etc. etc.
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Valued Member
 United States
290 Posts |
Yes, since I am re-entering this hobby, I thught about these sets... especially since they would be inexpensive to keep up with, and easy to be up-to-date.
I am looking to (1) have fun; (2) have my collection be at least part investment; (3) have a nice collection to give to grandkids many many years form now.
But fun first, so I may wind up collecting the presidential and Sacs.
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Valued Member
United States
250 Posts |
Based on recent auction results on so called "modern" sets, super high grade Roosevelt dimes in both silver and clad as well as Jefferson nickels must be considered. In the January 2009 F.U.N show Superior sold about half of the JHF collection of PCGS graded Roosevelt dimes, most designated as finest known or graded, for prices very close to $8,000. or more. I don't recall what the total of the auction brought for the dimes that sold, but I seem to recall it was around $165,000. for approximately 40 dimes. Granted, the majority of us do not have that type of collection, nor will we ever, but what did happen, is the entire series went up considerably almost over night. There was also recently a Jefferson nickel that auctioned for over $5,000. (I don't remember the details.) Clad Roosevelt dimes in "super grades" are already bringing over $1,000. in some instances for business strikes. My problem with some of the other moderns such as the Presidential dollars, Sacs, etc. is there are too many high grades to really gain in value. Especially in proofs. The PF70 coins are "relatively abundant, thus they will never be rare. Business strikes, do not / will not circulate that much so high grades should be available as well. I like the Franklins as well and do collect them, but I really do not see much on the upside. There are really no rare dates although if you get into high grades with FBL certified, some can get a little pricey. That being said, you can still purchase some dates in certified grades of Ms65 and MS66 for less than $100. a piece. I just like them because of being silver and the shear size!
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