Coin Community Family of Web Sites Live Coin auctions starting as low as $1
Like us on Facebook! Subscribe to our Youtube Channel! Check out our Twitter! Check out our Pinterest!
Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.
Welcome Guest! Need help? Got a question? Inherit some coins?
Our coin forum is completely free! Register Now!

Rare Coins "American Innovations"

Next Page | Last 15 Replies
 
To participate in the forum you must log in or register.
Author Previous TopicReplies: 21 / Views: 1,205Next Topic
Page: of 2
Pillar of the Community
Russian Federation
1128 Posts
 Posted 01/30/2023  08:27 am Show Profile   Bookmark this topic Add Slerk to your friends list Get a Link to this Message
I am slowly starting the collection of the "American Innovations" series and so far I have only 4 coins. Each of them cost from $2.85 to $4.30. But I was just looking for a MASSACHUSETTS Telephone coin and found that dealers are selling it from $8.60. Where does this price come from ? Is this coin really considered rare compared to others? Are there rare coins in this series relative to the entire series ?

*** Moved by Staff to a more appropriate forum. ***
Pillar of the Community
United States
530 Posts
 Posted 01/30/2023  09:10 am  Show Profile   Bookmark this reply Add bzookaj to your friends list Get a Link to this Reply
I've been buying the proofs and reverse proofs from the mint. The business strikes I've been buying full year sets on eBay for under $3 each. I haven't seen prices that high, and wouldn't buy them unless it's graded.
Moderator
Learn More...
United States
122382 Posts
 Posted 01/30/2023  10:44 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
I have been buying the proof and reverse proof coins on subscription, but many of the past releases are still for sale at the US Mint site.

https://catalog.usmint.gov/coins/co...dollar-coins

The business strike coins are only sold by the Mint in rolls or bags. If you want to buy them singly, you need to get them from a person or dealer who bought them that way. The price they charge you is going to be whatever the market allows.
Pillar of the Community
United States
590 Posts
 Posted 01/30/2023  10:55 am  Show Profile   Bookmark this reply Add ericgreen to your friends list Get a Link to this Reply
Massachusetts is definitely not more rare than any of the other Innovation Dollars, none of which are really "rare". I do see what you are saying, on eBay they are selling for a lot more than other ones. Could be that a lot of the bulk buyers from 2020 have ran out of stock, pushing the price up?
Pillar of the Community
Russian Federation
1128 Posts
 Posted 01/30/2023  7:44 pm  Show Profile   Bookmark this reply Add Slerk to your friends list Get a Link to this Reply
I don't have the opportunity to buy something directly from the Mint, nor can I buy on eBay. But even if it were possible, shipping would be too expensive for me. I will have to look for it, but the price is high at large dealers and the price on the market is not much different.

Hubble is also an expensive coin, dealers sell it for about 8,50$.
Edited by Slerk
01/30/2023 7:50 pm
Pillar of the Community
United States
875 Posts
 Posted 01/30/2023  8:08 pm  Show Profile   Bookmark this reply Add datadragon to your friends list Get a Link to this Reply
It is because the American Innovation $1 Coin 2020 Rolls and Bags - Maryland (hubble) and American Innovation $1 Coin 2020 Rolls and Bags - Massachusetts (telephone) are now sold out at the mint finally and when that happens the secondary market is able to raise prices based on free market demand vs lower supply and now since the lower cost direct from mint option is gone those are more by default. You can therefore either start as I did with the ones available from the mint that might be popular later like the reverse proofs, then proofs starting earliest years and then uncirculated if you wish as well. Keep in mind that those uncirculated have had some serious quality differences and so buying bags may not necessarily net you high quality coins, perhaps need to buy rolls as I did instead of individual coin sets from dealers who may just have bought bags in bulk, or go to shops in person and try to cherry pick if you are able. I only have a partial set due to that and less wanting to collect the uncirculated as I just liked the different designs. Most online sellers dont show actual coins for these unfortunately. However on the other side the varying quality does make for possible numismatic increase in value for highest grade examples in the future of the uncirculated versions, but I'm not that keen on using this series for that purpose as its demand is lower overall with some issues still available at the mint years later, but a thought nonetheless if you collect them anyway.
Edited by datadragon
01/30/2023 8:23 pm
Pillar of the Community
United States
1360 Posts
 Posted 01/30/2023  9:05 pm  Show Profile   Bookmark this reply Add NumismaticsFTW to your friends list Get a Link to this Reply
I'm not sure why they are more, but if the market is paying that then it is what it is.

These coins aren't rare or expensive though.
Pillar of the Community
Russian Federation
1128 Posts
 Posted 01/31/2023  07:25 am  Show Profile   Bookmark this reply Add Slerk to your friends list Get a Link to this Reply
Buying whole bags or rolls is not the best idea I think. What to do with the rest of the coins ? I don't think selling them will be a quick thing, considering that I'm not a big dealer and I'm not a dealer at all (no matter how much I would like to become one).

Moderator
Learn More...
United States
122382 Posts
 Posted 01/31/2023  12:28 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Buying whole bags or rolls is not the best idea I think. What to do with the rest of the coins ? I don't think selling them will be a quick thing, considering that I'm not a big dealer and I'm not a dealer at all (no matter how much I would like to become one).
They are not for most of us. I think most are bought by dealers, who can afford to sell them over time given the decent premium (as evidenced by what you are seeing) or speculators who search out the gems for TPG encapsulation looking for the 70s which will sell for a nice profit.
Pillar of the Community
United States
875 Posts
 Posted 01/31/2023  5:57 pm  Show Profile   Bookmark this reply Add datadragon to your friends list Get a Link to this Reply
You can buy the proofs and additionally reverse proofs if you want the best look of the designs as well as these most recent proofs tend not to have drastic differences in quality. The discussion is really whether you wish to also get the uncirculated for collecting, and if so most will be perfectly happy with the ones sold by dealers or online sellers whether sold individually or as year sets. Its just that quality has certainly been variable and so they may not appeal as much to those seeking out top quality examples. You may just pay a premium on certain coins by buying them later after the mint no longer has stock. Thats where some might like to buy rolls or bags themselves (or cherry pick) and then resell or spend the ones they cant resell.
Valued Member
United States
114 Posts
 Posted 01/31/2023  6:49 pm  Show Profile   Bookmark this reply Add coinnewcomer1 to your friends list Get a Link to this Reply
Datadragon's information is correct. However, if you truly want to get the best quality American Innovation $1 business strikes, I would suggest getting a few that are graded. What I have seen for sale and gotten on ebay have been far worse than what I offered and chose for my collection --- despite one or two members having seemingly better luck.

In general AI dollars have a very modest to modest mintage but would not be considered scarce or rare with ONE exception --- finding AI dollars in attractive circulated condition would be scarce in the US, rare elsewhere as these coins are sold directly to collectors and NOT put into the general circulating coinage.

IF you cannot buy from the mint I would first try members here who can sell or looking for a trade. Go tot he buy/sell/trade forum

Also as a final note, shipping costs are expensive from the US. The minimum I think you could send something is about $3 IF it weighs less than 1 lb. If not the price shoots up to $16 and higher.
Edited by coinnewcomer1
01/31/2023 7:06 pm
Bedrock of the Community
Learn More...
United States
15474 Posts
Valued Member
United States
310 Posts
 Posted 01/31/2023  7:24 pm  Show Profile   Bookmark this reply Add Alpha33 to your friends list Get a Link to this Reply

Quote:
I am slowly starting the collection of the "American Innovations" series and so far I have only 4 coins. Each of them cost from $2.85 to $4.30. But I was just looking for a MASSACHUSETTS Telephone coin and found that dealers are selling it from $8.60. Where does this price come from ? Is this coin really considered rare compared to others? Are there rare coins in this series relative to the entire series ?


Just because something is "expensive", doesn't make it rare, and rarity doesn't necessarily mean expensive. Especially with modern coins (post WW2).
Pillar of the Community
Russian Federation
1128 Posts
 Posted 01/31/2023  8:38 pm  Show Profile   Bookmark this reply Add Slerk to your friends list Get a Link to this Reply
I think buying TPG coins is the best idea. Buying such coins will cost about $ 40, unprocessed coins are not much cheaper. But I didn't plan to invest a lot of money in this series. Some coins from the series are not on the Russian market at all. We'll have to look for them. I think I won't buy expensive no graded coins for my set yet and will buy them later. Maybe I can find them cheaper later.
Valued Member
United States
328 Posts
 Posted 02/01/2023  11:08 am  Show Profile   Bookmark this reply Add goldnugget to your friends list Get a Link to this Reply

Quote:
*** Moved by Staff to a more appropriate forum. ***


Could you in your moving the Post to a different Forum, provide us the information to the Forum that you are forwarding it to.
Moderator
Learn More...
United States
122382 Posts
 Posted 02/01/2023  11:13 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Could you in your moving the Post to a different Forum, provide us the information to the Forum that you are forwarding it to.
The forum it was forwarded to is the one it is currently in where you are reading it! That is: US Commemoratives and Non-Circulating Coinage (NCLT) Including Grading, Varieties, and Errors

It was moved from: US Modern Coins

The American Innovation Dollars are NCLT, which is why it was moved.
Page: of 2 Previous TopicReplies: 21 / Views: 1,205Next Topic  
 
To participate in the forum you must log in or register.





Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2023 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2023 Coin Community Forums
It took 0.42 seconds to rattle this change. Powered By: