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Bedrock of the Community
13014 Posts |
Quote:
Do they even exist? I've only seen one NGC 70 of those. Ive only seen NGC as well. I just checked the pop reports on PCGS and if these are updated there are 86 Army half dollar proofs in the 70. For the uncirculated hall dollars however, PCGS has 0 in the 70 grade so those have to be sent in if you want one of those which I do. Im tempted to get some of the NGC 70s and send them as crossovers Edited by basebal21
06/23/2012 6:21 pm
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Pillar of the Community
1283 Posts |
Sorry if this is already posted somewhere, but these are the first graded sets I have seen offered by the big guys in this months Coin World.  |
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Bedrock of the Community
United States
10047 Posts |
I just put in an order for two today. Counter at 156,569.
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Pillar of the Community
United States
1255 Posts |
I just ordered another one too. I was going to wait until the last day and see where the count was but I started to think what if the US Mint servers get clogged up like normal during a big sale and I can't get my order in because everyone waited for the last day to order after they saw it was still under 200 K. So at least my first set will ship early. I wonder if you will be able to see any differences from the first sets going out compared to the later sets being shipped in late Sept.? Anyways I think it is smart to have at least 2 sets.
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Pillar of the Community
United States
2295 Posts |
There should be no difference in the quality of the coins, no matter on when you order them. They do take extra care on the proofs.
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Pillar of the Community
United States
2295 Posts |
There is an ad, in the NN (7-3-12), on page 2, they are selling MS-70 of the 2012-S proof for $95. Pretty bad typo, since it should be PRF-70. But how do they know how many they are going to get? They must have ordered a ton, hoping quite a few will be PRF-70. And they are calling them First Strikes and Early Releases. No ads for the reverse proof though.
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Pillar of the Community
United States
1255 Posts |
Maybe they think it is easier to get a 70 on a normal proof than on a reverse proof? Since they are minting the same amount of both coins one shouldn't be worth more than the other at the same grade would they be? Or I guess maybe so if there are less 70s for the reverse than the normal than I could see a price difference. But for the ungraded coin they should sell on the open market for the same price, correct?
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Pillar of the Community
United States
1027 Posts |
The RP will usually sell for a premium over a normal proof because it is a more costly coin to produce. As the set is being sold by the mint you can assume $60 for the normal proof (what the W sells for), and at least $80 for the RP (if you allow $10 for the packaging). In 2006, 70s were much scarcer in the RP than the proof but with the newer production techniques used for 2011 and 2012 they are yielding a much higher percentage of 70s in the RP coins. Die life is shorter for the RP and that probably has some effect on the percentage of perfect strikes as well.
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Bedrock of the Community
13014 Posts |
Agreed. If the RPs became a yearly series I could see the prices being pretty equal in the future though
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Bedrock of the Community
United States
10047 Posts |
I may be proven wrong in the future, but I think the word "IF" does not apply to the statement of whether or not the RPs will become a yearly issue. The mint makes money in them b/c the amazing eye candy sells. The mint probably will not slay the goose that lays the golden (silver) coin. The US mint also seems to take cues from the RCM. The RCM found RP Maples sell, and now they not only make them annually, but I think they even do multiple ones per year by adding privy marks (?) I can see the day the US starts making RP ASE's with privy marks b/c they will sell. Or making a collectable set of them with state outline privy marks, state flag privy marks, state annual grass growth privy marks, state population of road killed frogs privy marks - anything that sells! The Mint seems to take its cues from the RCM. In 1967 Canada made a centennial set by changing all coin reverses. These were a big hit. In 1973 they changed the quarter to an RCMP on horseback (cool looking coin!). But then Canada started making several reverses on quarters every year and people started to collect them. In fact, it got to the point that the RCM started making a new coin change almost every time some famous Canadian burped! And people still could not get enough of it. The US mint finally saw this was a good way to make money (pun intended) and the states quarter program started; the modern (cool looking IMHO) Buffalo nickel etc. came into being; etc. etc. Commercialism took over. Now when I see my bicentennials, I am not as impressed by them as I used to be. The unique REVs used to be more special. Nowadays you turn over a coin and can see anything there you wish (some are great designs too). Some people like this - a lot of variety - all the more power to them! To me, the more specialty coins that are produced, the more "specialty" is taken out of them being special. But this is only my opinion/feeling. There is no right or wrong in this. How much squash could a Sasquatch squash if a Sasquatch would squash squash? Download and read: Grading the graders Costly TPG ineptitude and No FG Kennedy halveshttps://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2 |
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Pillar of the Community
United States
1116 Posts |
Earle42 I would tend to agree with you. The more "special" product that is produced the less special the procuct becomes. It further seems to me that the mint is taking a page out of the playbook of the USPS by all their offerings (which by the way I do like). However, I do feel that the mint could also be at risk of killing the fatted calf before its time. The first spouse and 5 oz silver ATB coins could be losing the last vestiges of popularity they have with the way that the mint is releasing the coins to the collectors so close together. |
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Valued Member
United States
223 Posts |
For sure ghostrider, way to close together. I was hoping to order a second SF set but with dropping a bunch of coin on my home automation toys and the next ATB being released soon I have to chill... bummer... |
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Bedrock of the Community
United States
10047 Posts |
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However, I do feel that the mint could also be at risk of killing the fatted calf before its time. Ghostrider, you may be right on this, but I have to wonder if the mint isn't keeping a close eye on the RCM and will try the same. I would not even want to think of how much $ it would take to get one of everything the RCM offers in one year! Our mint doesn't come close to the output in variety. IThe RCM has gone nuts and the people drink it in! C'mon, get real - a glass bug on a coin? Oops - duh on me - it sold like hotcakes and the people smarter than I am who bought numerous examples made a lot of money on the initial AND the second year issues! I just have a feeling our mint will follow suit. And, sorry, but I also think the RCM has a better feel for creativity. I am a staunch, loyal, American patriot. But a first lady spouse set? Canada produces coins with coloring (ooh - eye candy the masses snap up), holograms, animal themes (polar bears, birds, dragons), flowers, BESIDES their flavor of patriotic themes, They think of what collectors would want (our mint finally doing this with the RP questionnaire last year). The RCM made a commemorative proof set last year containing a 100 year anniversary issue of the first silver dollar they ever made in 1911. This was a winner b/c tons of collectors always dreamed of owning a real 1911 silver dollar when the pattern was made, but none released for circulation. It sold out very quickly. Can you imagine if the mint here had made a commemorative version of the 09S VDB? Maybe in silver? They would have sold a ton! How about if they had made a 125 year anniversary Morgan n the year 2000? That would have been a winner. But we get spouses instead. One great thing going for the mint though is that we do have the best looking Bullion silver rounds - and I think the world wanting them shows this. |
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Valued Member
United States
223 Posts |
I was under the impression the the RCM will punch anything for anyone who has the cash to pay for it. Isn't that why APMEX had exclusives on the something privy. I forget which one. I also think if the mint was able to use their creative minds for products rather then what congress thinks is a good idea we would see a lot less poop and things along the line of what Earle is referring to. Edited by Landude
06/27/2012 10:26 pm
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Pillar of the Community
United States
1116 Posts |
I think that if the money is right and congress passes the proper authorization laws the US mint would create a silver coin with an elephant and a donkey coin.
If the signorage was correct congress would very likely see the benefit in making a coin that would celebrate the political parties and they could get some sense of the backing that each party may have. The only decisions that would have to be made in the denomination value and what to put on the obverse.
If they did that the only collectors that would not be represented would be the independents.
I'm just feeling sarcastic tonight and am waxing philosophically.
{edit} I do feel that the USPS killed off their collecting following. I know I don't save stamps any longer. I am afraid that the mint could be following in their tradition.
Edited by ghostrider
06/27/2012 11:11 pm
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Posted 06/24/2012 08:19 am
