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2019 Apollo 11 Commems - Released January 24th, 2019

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Foxwoods Man's Avatar
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 Posted 02/03/2019  2:54 pm  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply
I was shocked when I saw that post they sold out....makes sense that they didn't
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basebal21's Avatar
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 Posted 02/03/2019  3:11 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
I would think the Mint is obligated to strike the 100K that they state is the limit across all options, if they sell or not. And I believe they all sell eventually.


Striking the entire mintage would be incredibly foolish by the mint, they strike what they are believe they can sell and go from there. The mintages are FAR FAR to high to be doing that and total sales have been trending lower and lower for a while now with some exceptions like the baseball and these Apollo coins mixed in.

The last commemorative to actually have a sell out is the baseball one, and even with that one it was only the gold the sold out.

The silver dollar commemoratives have only ever sold out twice with the 2001 Buffalo and the 2009 Abe Lincoln. The baseball ones came close but even they fell sort. No half has ever actually sold out that I can think of
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 Posted 02/03/2019  3:12 pm  Show Profile   Bookmark this reply Add livingwater to your friends list Get a Link to this Reply
It is a bit confusing for the US Mint to say on their site a coin is "sold out" when it really means they sold all they made, not that they made the entire limit allowed by law and they all sold out. One needs to look at the final sales figures to be sure. I went to the US Mint site, did a legislation search, looked at Public Law 114-282 for the Apollo ll coins and some other commemorative coins laws. They all say the coins can only be sold for one year and the coin limits are "NOT MORE THAN"....This means the mint is not legally bound to make the total limits of the coins, they can just make whatever the demand is and stop making them when the demand ends short of the limits, which often happens with commemoratives. But it is a pain to wait. I got one proof silver dollar and one 5 ounce Apollo ll and regret not getting the gold. Now I'll have to wait. Lesson learned.

I think the next curved coins will be the 2020 Naismith Basketball Hall of Fame but the legislation does not include a 5 oz silver saucer.
Edited by livingwater
02/03/2019 3:53 pm
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BadDog's Avatar
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 Posted 02/03/2019  3:53 pm  Show Profile   Bookmark this reply Add BadDog to your friends list Get a Link to this Reply

Quote:
No half has ever actually sold out that I can think of


no modern commemorative half dollar has come even close to its authorized mintage.


Quote:
The baseball ones came close but even they fell sort.

Although this is technically correct, the $1 Ag Baseball HOF coin is widely considered to have achieved a sold out status with 399.986 out of 400,000 (99.996%) authorized.

The 2010 Boy Scouts commemorative is also considered to have achieved a sold out status with 349,983 out of 350,000 (99.995%) authorized.

As is the 1993 Thomsas Jefferson commemorative with a mintage of 599,818 out of 600,000 (99.967%) authorized.

And the 1992 White House commemorative as well, with a mintage of 499,654 out of 500,000 (99.931%) authorized.



Quote:
The silver dollar commemoratives have only ever sold out twice with the 2001 Buffalo and the 2009 Abe Lincoln.

The 2009 Lincoln is also generally considered to be a sold out coin with a mintage of 497,224 out of 500,000 authorized (99.444%) since it exceeded 99% and Mint didn't strike the last few thousand coins.

If your criteria is that the mintage must EXACTLY equal the authorized number, then the 2001 Buffalo commemorative is the only commemorative Ag $1 to sell out, with 500,000 authorized and 500,000 sold.
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Foxwoods Man's Avatar
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 Posted 02/03/2019  4:06 pm  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply
As far as the definition of a sell out, a few coins below the max mintage as a final number is a sellout. There has to be some wiggle room for returns...


Quote:
no modern commemorative half dollar has come even close to its authorized mintage


I will bet the Kennedy from the two coin Apollo set will break that no sellout thing
Edited by Foxwoods Man
02/03/2019 4:06 pm
Valued Member
United States
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 Posted 02/03/2019  4:10 pm  Show Profile   Bookmark this reply Add rayder to your friends list Get a Link to this Reply
I bought a few of the 1oz silver dollars and a few of the 1oz proofs. Does anyone have any idea if paying PCGS to grade and put first strike on these would increase their value by more than the 40 bucks (each) it would cost me to send them in?
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howell1018's Avatar
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 Posted 02/03/2019  4:11 pm  Show Profile   Bookmark this reply Add howell1018 to your friends list Get a Link to this Reply
I ordered a gold proof within 3 minutes. I then ordered 3 of the 5 ounce coins separately. I got confirmations on both, and received the gold coin this past Thursday, but thus far no shipping confirmation on the five ounce coins. Does this mean I'm likely waiting until August or so for those?
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BadDog's Avatar
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1375 Posts
 Posted 02/03/2019  4:14 pm  Show Profile   Bookmark this reply Add BadDog to your friends list Get a Link to this Reply

Quote:
They all say the coins can only be sold for one year and the coin limits are "NOT MORE THAN"....This means the mint is not legally bound to make the total limits of the coins, they can just make whatever the demand is and stop making them when the demand ends short of the limits, which often happens with commemoratives. But it is a pain to wait.


Yup, all of the modern commemorative coin legislation indicates not more than mintages and sales only in the year the coins are released. Only rarely does the Mint strike close to the authorized number of coins in any denomination. It's also not unusual for the Mint to end sales before the absolute end of the year. If the coins on hand sell out close to the end of the year, it's just not worth the resources to strike a few more coins, even if they'd be able to sell them.

You'll also notice that starting with last year's BCA Ag $1 the legislation says not less than 90% Ag versus the previous 90% Ag. The Mint has recently said that they pushed Congress to make this change to give them the flexibility to use a higher Ag content. I'm guessing it's cheaper for the Mint to just use an ASE content blank and adjust the selling price, rather than have Sunshine Mint make the 90% Ag blanks.

It wouldn't surprise me if before long you see another change in commemorative legislation. One indicating the diameter of the Ag $1 to be AT LEAST 1.5 inches. That would allow the Mint to use the larger ASE blank for commemorative Ag $1s. It's probably more cost effective to use the ASE blank rather than order the 1.5 inch blanks currently used as well.
Edited by BadDog
02/03/2019 4:36 pm
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BadDog's Avatar
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 Posted 02/03/2019  4:21 pm  Show Profile   Bookmark this reply Add BadDog to your friends list Get a Link to this Reply

Quote:
I will bet the Kennedy from the two coin Apollo set will break that no sellout thing

Foxwoods Man,

I also think the Apollo/Kennedy half dollar proof sets will eventually sell out, BUT since the enhanced reverse proof Kennedy half is a special issue coin, not a commemorative coin, it won't break the streak of not having a modern commemorative half dollar come close to its authorized mintage

The authorized mintage for commemorative half dollars is just WAY too high for one to come close to a sell out.
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Foxwoods Man's Avatar
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 Posted 02/03/2019  4:28 pm  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply
Good point....I did grab a bunch of the sets just for the Kennedy
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BadDog's Avatar
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1375 Posts
 Posted 02/03/2019  4:32 pm  Show Profile   Bookmark this reply Add BadDog to your friends list Get a Link to this Reply

Quote:
I bought a few of the 1oz silver dollars and a few of the 1oz proofs. Does anyone have any idea if paying PCGS to grade and put first strike on these would increase their value by more than the 40 bucks (each) it would cost me to send them in?


IMHO, yes but only IF they grade as 70, but otherwise no.

Also, PCGS already has 11 different labels for the Apollo prf. I suppose it could depend upon which label you get as well
Edited by BadDog
02/03/2019 5:09 pm
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Foxwoods Man's Avatar
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 Posted 02/03/2019  4:40 pm  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply
I will admit surprise to the completed sale prices of the silver proof 70's

Essentially excessive mintage (400k total for both) but completed sales run between $160-$180 for ER/FS

I just can't see that holding but we will see...

Edit: 69's are $75-95 so kinda a wash+ and maybe worth the submission chance of a 70
Edited by Foxwoods Man
02/03/2019 4:44 pm
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basebal21's Avatar
13014 Posts
 Posted 02/03/2019  7:15 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
If your criteria is that the mintage must EXACTLY equal the authorized number, then the 2001 Buffalo commemorative is the only commemorative Ag $1 to sell out, with 500,000 authorized and 500,000 sold.


Doesn't need to be exact anything over 99.9% sold out and returns brought it back down.

The baseball one I should have remembered but was thinking it had a 450k authorization for some reason.


Quote:
I will bet the Kennedy from the two coin Apollo set will break that no sellout thing


I don't consider the Kennedy in that set to be a modern commemorative. It's just a Kennedy with a different finish.

I agree with Baddog, the mintages are just way to high for the halfs especially at the price they charge for them.


Quote:
I bought a few of the 1oz silver dollars and a few of the 1oz proofs. Does anyone have any idea if paying PCGS to grade and put first strike on these would increase their value by more than the 40 bucks (each) it would cost me to send them in?


If you get the 70 grade yes it would.


Quote:
Also, PCGS already has 11 different labels for the Apollo prf. I suppose it could depend upon which label you get as well


Most of those will be exclusive to bulk dealers with only one or two options for normal submitters. There may be some extra premiums for some of the more "exclusive" ones but the one available to everyone is very well designed.

The first strike on the 5 oz ash trays though will likely play a pretty big role given how far back the majority of purchases have been pushed back
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Morgans Dad's Avatar
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5650 Posts
 Posted 02/03/2019  8:11 pm  Show Profile   Bookmark this reply Add Morgans Dad to your friends list Get a Link to this Reply
HSN, Now selling the Apollo 11 100% Silver Dollar Anacs graded Proof 70 for $199.00. I wonder how they received the 3000 He is saying the lot was, to get only 2969 70's. I think the playing field is still, NOT level , with originally a house hold limit they still have these slabbed and ready to ship, in less then 12 days ..... Uncirculated MS70 $179.00 , The Clad Half Proof $129.00........ Move over fellas, the Big Boys are in town, LOL.
Edited by Morgans Dad
02/03/2019 8:30 pm
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basebal21's Avatar
13014 Posts
 Posted 02/03/2019  8:24 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
HSN, Now selling the Apollo 11 100% Silver Dollar Anacs graded Proof 70 for $199.00. I wonder how they received the 3000 He is saying the lot was, to get only 2969 70's. I think the playing field is still, with originally a house hold limit they still have these slabbed and ready to ship, in less then 12 days .....


The household limit was 100 for those and I have been saying for a years household limits never stop anyone from getting what they want. They have plenty of employees to order or they pay other people to do it, same thing that always happens.

As far as graded and ready to go, HSN gets extremely special treatment from ANACS due to how much they submit. I believe HSN is their biggest customer and it is very likely a wide margin to number 2. It would be a major blow for them to lose HSN so they get things back basically instantly. You can draw your own conclusions on the quality of grading for them.
Edited by basebal21
02/03/2019 8:25 pm
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