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 Replies: 117 / Views: 10,244 |
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Valued Member
United States
462 Posts |
Ceaton, paying 85 cents for a coin that is selling on ebay for $2.00 today seems like a fairly low risk investment. Using the coin for general circulation, you lose 35 cents. Once the US Mint sells out, I don't see them falling below $1 a coin, so there is profit already. In investment lingo, the upside potential is worth the downside risk. |
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Pillar of the Community
 United States
2602 Posts |
I agree MtnCoinMan. There is very little downside potential here. At the worst, I can spend them at face value, which I won't do. I could open them right now and sell on ebay for $1.50 ea. Minus fees I should be able to make 15 cents a coin. Or hold them for a few years and see what happens. The only problem I see is that the price may not take off for years and maybe not at all IF 2009 has an even lower mintage. Look at the low mintage 1987 P & D. These coins can still be bought for just 3.50-4.00- 22 years after and still no major increase. And now with so many recent low mintages, I don't think the 87 P & D will ever command much more than $5. So this is an example of how it could burn you in the long run. Edited by mycrob
01/08/2009 12:43 pm
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Pillar of the Community
United States
2602 Posts |
As a general remark, it would be nice to see some of the lower denomination modern coins to have low mintage to really spark an interest. Imagine the frenzy if they decided to mint just 100,000 of each of the 4 Lincon Cent varieties.
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Valued Member
United States
462 Posts |
Mycrob, lets use your 22 year old coin. If you paid fifty cents for it back in 1987 and you sold it today for $3.50, what is your return? If my calculations are correct, it is about 7.5% annually. With 5 year CDs paying around 3%, I would LOVE for my 2009 coin earning 7.5%. If you bought $1,000 worth of 1987s back in 1987, it would be worth $7,000 today. Where else are you going to get that return?
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Valued Member
United States
462 Posts |
Correction, I think it is closer to 9.25% annually.
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Pillar of the Community
United States
2602 Posts |
I like your thinking. But I think that 87 was only available in mint sets (1.82 face) and you had to buy the entire mint set for maybe $5, contains both 87 JFK P & D. In 22 years the 87 mint set has appreciated to maybe $7-8 from $5. I don't think 87 was available in bags or rolls by itself back then. So I think 87 P & D halves were already at 2.50-3 in 1987 when they came out. If the coin was available in bags, rolls or from the bank, then, yeah great return on your investment. But sell it now, because I don't think 87 will increase all that much, given the other lower mintages coming out from 2002-2008.
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Pillar of the Community
United States
5318 Posts |
Those low mintages are interesting.  Of course, if everyone is clued in to this already...but I'll still get some. |
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Pillar of the Community
United States
4541 Posts |
Quote:
I dunno, I don't think these will ever command a premium. If they do, oh well i used to think the same thing about Sacagawea's until I came across an auction a couple of years ago and saw them going for double of face... I even emailed the seller and said what are you doing there not worth that and he said uhhh check your sources and to my amazement  I was shocked Well I know when I found out I got some b/c you never know... The sacagawea's I bought not knowing earlier in the year have went off sale and now they are selling fro double what I paid for them |
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Bedrock of the Community
United States
17884 Posts |
The 87's were ONLY available in the mint sets, no bulk sales. (2001 was the first year for which bulk sales were available.)
The 1987 sets cost $7 apiece. The extra 82 cents in the set weren't worth any thing so you can figure you paid $3.09 apiece for the half dollars. In the first couple years after 1987 the half dollars sold for $5 to $6 apiece and then the prices fell. Now 22 years later you can get $3.50 - $4 for coins you paid $3.09 for. Suddenly those CD's look a LOT better. They would have to sell for $6 apiece today to beat a 3% CD. And there were times during that 22 year period when you could have gotten better than that 3%. So the 1987 half is a loser. Oh and during that same period the Dow went from 2000 to almost 14000. Eve with the recent plummet you are still talking a 4X increase. The 1987 halves were definitely losers.
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Pillar of the Community
United States
1179 Posts |
When were the rolls and bags released for the 2008 P&D Halves? If these are so hot, you would think they would have been sold out before the new year. So close to seeing the new 2009 halves that I think i'll wait and see the mintages for that. If its lower then 2008, even better, if not, oops! Not trying to argue with anyone, I'm just a stingy man and dont know if its worth sitting on these for 22 years to see a small profit.  Edited by ceaton
01/08/2009 1:47 pm
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Pillar of the Community
United States
4541 Posts |
Quote:Not trying to argue with anyone, I'm just a stingy man and dont know if its worth sitting on these for 22 years to see a small profit.  I know thats right Quote:
When were the rolls and bags released for the 2008 P&D Halves? If these are so hot, you would think they would have been sold out before the new year. they were released last January.. Bags have been sold out for a while now |
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Pillar of the Community
United States
4541 Posts |
I would say this also... Remember this is not a get rich quick hobby Its really a hope you hit and dont miss kinda thing with the modern coins... The KEY is to collect 1st what you enjoy and then invest second... There have been times when I bought b/c I thought it was gonna go up and it did the opposite... then there are times when I buy b/c I enjoy the coin and it goes up and I have only 1 and dont want to sell it.. So until ebay starts selling those crystal balls we all will just hope what we bought for investment will pan out |
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Pillar of the Community
United States
1208 Posts |
Sometimes perception is everything in this hobby.
Anyone remember the White House commems? They came
out and instantly were selling super high. They
stayed in the stratosphere pricing for a few years,
then suddenly the bottom fell out and they are now
like any other common commem. What happened there?
Really, I don't know! ?
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Pillar of the Community
United States
2602 Posts |
Answer to the commem question: Pump and dump?
As for why the 2008 P& D halves are not sold out yet, it might be lack of general collector interest. Also the mintage figures were not widely available throughout the year and are still not final yet.
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Pillar of the Community
United States
6326 Posts |
I wonder if the U.S. Mint mintage numbers will begin to reflect the horrible economic sitiuation.......not even 2009 numbers......but if it continues to get bad/worse, if like in 2010/2011 they will have the lowest mintage numbers in decades and decades (like 50-80 years or more)because of the bad and failing economy. And maybe the Mint itself will suffer badly too and have to be "scaled back"....You know ?........I wonder ?.....the next several years might be good times to buy for "the future".(hobby-wise & investment-wise) Assuming that there is a "sunny side" once and if we come out of the "dark years".....  Edited by eaglefoot
01/08/2009 3:03 pm
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Replies: 117 / Views: 10,244 |
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Posted 01/08/2009 12:38 pm
