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 Replies: 1,581 / Views: 148,797 |
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Pillar of the Community
United States
1913 Posts |
I think the last time that the mint messed up a mintage on the low side this much was when the issued the 2015 Presidential dollar reverse proofs. There were only 17k minted of the Truman and Eisenhower dollars. To make matters worse, the household limit of the Truman was five. The mint reduced the household limit to two for the Eisenhower. To this day the value of the Truman is more than the Eisenhower even though they have the same mintage. |
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Valued Member
United States
165 Posts |
I'm not sure that the Mint messed up on the mintage.. Maybe they realize that some of us have been collecting the Proof ASE for more than 25 years and we are loosing interest in the dozens of ways the Mint comes out with"collectible" versions of the same ASE. Issuing the 2019S as the lowest mintage in history is the Mint's way of renewing interest in their most popular collectible/bullion coins. I understand that the 35th anniversary coins may have updated designs, so getting the faithful energized might be what the Mint intended. Personally I have all the ASE coins I intend to purchase. The 2019 S and 2019 W ( RCM) just could not be ignored as a sure way to make a few $$ |
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Pillar of the Community
United States
7293 Posts |
All, will this many sales affect the low cost shipment times? I'm expecting it will but don't know. Usually I get my stuff in 3-5 days from the mint, will this one take the full 2 weeks?
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Pillar of the Community
United States
7293 Posts |
Another question, I guess this is for the mods...
Should we start a new thread when these come in so people can post pictures or keep it on here?
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Forum Dad
 United States
24180 Posts |
Keep it in this topic please.
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New Member
United States
37 Posts |
Hello! new to the forum.
What is your estimate value of this coin in 5 years?
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Pillar of the Community
United States
7293 Posts |
Quote:
Hello! new to the forum.
What is your estimate value of this coin in 5 years? My personal opinion which is just that and has no basis in any factual information is that this coin will have a slight premium compared to the others. I would expect it to be probably on the higher side of current sales price so maybe $750-$850 for one in 69-70 proof. Personally I think that's high but people really seem to want this one and it's low mintage will affect its price. In the end it's all on the consumer. I wouldn't pay that much but many others will. |
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New Member
United States
37 Posts |
The low mintage is key to the increase in value over time. On ebay I've seen them from $500-$1900. and that is one day after the mint sale. If we compare it to the 1995W proof, over time it should be worth quite a bit I believe. |
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Valued Member
United States
137 Posts |
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Pillar of the Community
United States
1913 Posts |
Quote:I'm not sure that the Mint messed up on the mintage.. Maybe they realize that some of us have been collecting the Proof ASE for more than 25 years and we are loosing interest in the dozens of ways the Mint comes out with"collectible" versions of the same ASE. Issuing the 2019S as the lowest mintage in history is the Mint's way of renewing interest in their most popular collectible/bullion coins. I understand that the 35th anniversary coins may have updated designs, so getting the faithful energized might be what the Mint intended. Based on how out of touch the mint seems to be with many of their decisions, I just can't come to the conclusion that there was much thought at all put in to the 30k mintage. I sure wish that whoever made the decision could be interviewed to explain the logic. I think that the ultimate impact of the ultra low mintage will be to discourage some collectors from attempting the series (now there are two very expensive coins), make loyal ASE collectors who didn't get one feel like they have received nothing for their loyalty to the series and allow flippers to make some easy money off of those same ASE collectors (if they can even afford the new coin). |
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Forum Dad
United States
24180 Posts |
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Valued Member
United States
165 Posts |
Guess as to value in five years? I recently sold two Pride of Two Nations RCM sets with two pf70 graded coins (including the 2019W Enhanced Reverse Proof) for more than $400 each set. Similar sets have recently sold on ebay for around $200, about 50% of what I sold my sets for. The lesson to be learned is no one has a clue as too what a reasonable person might agree to pay for something. I guess that is why we call this a "Hobby" and not a business. We don't collect with the intention to make money, but it sure does make the collecting more interesting. Edited by dave92029
11/15/2019 3:30 pm
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New Member
United States
37 Posts |
Since I'm new to the page, I dont know how to quote previous messages.
In regards to misfits post, that coin will not sell at this point in that amount BUT what about in the months or years to come?
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Pillar of the Community
United States
1770 Posts |
Fantastic I'm glad more CCF members were able to get one this morning, hopefully the rest of you guys can get one tomorrow at 730 am EST (if available of course) good luck to those who still need one!!
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Pillar of the Community
United States
7293 Posts |
Quote:The low mintage is key to the increase in value over time. On ebay I've seen them from $500-$1900. and that is one day after the mint sale. If we compare it to the 1995W proof, over time it should be worth quite a bit I believe. Correct but remember.. 1) This coin was HYPED a lot 2) There was a push for dealers to buy this coin from speculators 3) Every local dealer will only give $100-$150 over purchase price, so the ebay prices are purely speculators 4) And once the speculators are out of the market you will have the collectors, and once the collections are built out, how much interest will there be? 5) Price long term will be based on rarity, 30K isn't really rare, the 1995 W probably has less than 10K in collectors hands as the 1995 W came in a set with gold coins. Most 100+ year old dollar coins don't sell for what this coin is selling now and many of those older coins have been used/melted/lost.... But I have no crystal ball, so I really have no idea what the price will be, but today it just seems very high and can drop or go higher at any time. I do think it has a ceiling and very few people will pay more then $1000 for 1, at that point, I would buy gold. Edited by hfjacinto
11/15/2019 3:36 pm
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Replies: 1,581 / Views: 148,797 |
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Posted 11/15/2019 2:40 pm
