| Author |
 Replies: 38 / Views: 7,195 |
Page 3 of 3
|
|
|
|
Pillar of the Community
United States
1450 Posts |
I just hope they don't produce a couple of million of these coins. That will destroy numismatic value IMO. I would buy the LWH dollar gold coin and the Mercury dime. These coins might just appreciate in my life time. It is either buy the gold coins of 20 century or get a SIG Sauer to protect my hoard. If you look at classic commemorative coins when mint produced hundreds of thousands of them the value just stayed weak forever. We may be suckers for buying these coins. |
|
Moderator
 United States
189502 Posts |
Quote:
HH limits removed today I just now got that e-mail.  |
|
New Member
United States
33 Posts |
The US Mint is having a very hard time getting much interest by collectors in these lack-luster coins....so much so that now they have just removed the household purchase limit.
It's a dull coin and a poor investment of my money at best and the only one's who will buy multiples are those who think that the coin is somehow a good investment.
I feel badly for those dealers who paid people like myself $50 or more to buy a coin for them now that the limit is removed.
Edited by CoinsA-Z
09/21/2016 12:43 pm
|
|
Pillar of the Community
United States
5862 Posts |
Yeah, I just got that e-mail as well. I don't think it's really a matter of there not being much interest by collectors, though. With a household limit of only 1, I don't think there was much interest by resellers who were able to snap up 10 (or more, with multiple accounts) of the previous gold dime.
|
|
Bedrock of the Community
United States
11951 Posts |
I am thinking, in the past the mint got a lot of complaints from collectors
that the coin was sold out before they got a chance to get one.
A household limit of one did away with this problem. Of course it took away
the coin shooting up in price.
I think for many collectors it is a nice looking coin, most just don't want
to spend that much on a coin.
|
|
Valued Member
United States
112 Posts |
The coin is amazingly beautiful in hand and I am very glad
I was able to purchase one with relative ease. Kudos to the
mint for the way they handled the sales allowing collectors to participate. Kudos too for the coin itself!
And now that the H.H. limits have been lifted perhaps we will see a sellout?
|
|
Moderator
United States
189502 Posts |
They are nice enough. I would have bought one (and the dime, too) if I had a budget for gold.
|
|
Pillar of the Community
United States
1027 Posts |
Dealers will have to step in if a sellout is ever going to happen. Only 1498 were sold in the week of 12-18 SEP. I like the coin but it is clearly the least favored of the 3 1916 designs (and always has been). I noticed that the mint has started striking the half dollars, so we should get a release date soon, once they get enough made to feel comfortable going to sales. The mint is also sitting on almost 9000 gold dimes, a combination of returns and ones that went unsold because the buyer's credit fell through. They have updated the price again, it is up to $215 now and still doesn't say sold out. Maybe there is still hope that they might release a few thousand more, or maybe they will issue a small number of 3 coin sets later in the year. Hopefully they understand that the demand for the half dollar will be more like that of the dime than the quarter and set mintage and HH limits appropriately.
|
|
Pillar of the Community
United States
5211 Posts |
Quote:
Hopefully they understand that the demand for the half dollar will be more like that of the dime than the quarter And a lot of that demand will be from window shoppers who can't afford it which will offset said sales. |
|
New Member
29 Posts |
This coin is a specimen, a hybrid between a proof and uncirculated, namely a 'business' strike. The aforesaid coin is second of the three being offered by the U.S. Mint to celebrate the 100th Anniversary. The first coin was the Mercury Gold Dime which sold out the first day, Although, the U.S. Mint still has between 8 and 9000 Mercury dimes which have been returned for damage or otherwise. The third and final coin is the Walking Liberty ½ ounce half-dollar, yet to be released. The secondary coin which you have displayed ( Walking Liberty ¼ ounce was initially offered at (1) per household. The U.S. Mint has recently changed that stipulation whereby one may purchase as much as they wish. In reality, this is not really a collector's coin but more of a 'specimen' as mentioned above. These commemorative coins are not something we believe has investment potential. * The U.S Mint has most likely realized that they cannot sell the 100,000 units, whereas the 'unlimited' offering has now become available. Remember, these coins "cannot" be sold in 2017, 'This year only to designate the 100th Anniversary'. * http://catalog.usmint.gov/standing-...6HHOL+ActiveEdited by Space22
09/22/2016 10:51 am
|
|
Valued Member
United States
112 Posts |
Space22 you say, "These commemorative coins are not something we believe has investment potential." I love your use of "we" like you are of royal lineage or one of many... If you don't like it, don't buy it...  |
|
New Member
29 Posts |
@ Troy White
Look to waters out of your own well.
|
|
Pillar of the Community
United States
1450 Posts |
The whole thing is that not that many Americans have the $485 sitting around to spend on a small but beautiful coin. This is for collectors and speculators. When the one per household rule was still in effect I saw this coin being sold on ebay and secondary markets at $150-$200 markup over the mint price. I think there is demand for the coin. Check ebay for selling price of gold Mercury dimes. $285 as opposed to $215 from the mint if they ever become available again. I bet when gold LWH dollar is released as soon as mint runs out they price will jump on ebay. Maybe it will settle down later when new car smell is off the coin. |
|
CCF Master Historian of USA Commemoratives
United States
12300 Posts |
Quote:
Remember, these coins "cannot" be sold in 2017, 'This year only to designate the 100th Anniversary' Where have you read this? These coins were not directly authorized by Congress; they are being produced by the Mint under its general mandate. As such, there is no formal legislation / public law that limits their sale to 2016. I would be very interested to know the source of your comment. Collecting history one coin or medal at a time! (c) commems. All rights reserved.
|
|
Moderator
United States
189502 Posts |
I think the law prevents minting not selling into the next calendar year.
|
|
Page 3 of 3
|
Replies: 38 / Views: 7,195 |
Page 3 of 3
|
First Page
Previous Page
Posted 09/21/2016 12:05 pm
