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 Replies: 32 / Views: 4,804 |
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Pillar of the Community
United States
992 Posts |
It's not just coinage, it's everything. Even conservative authorities issue postage stamps with puppies on them, and collectors were deluged with Kennedy stamps in 1963, Princess Diana, Royal Weddings, from places like Dubai and Mali. Even national currencies are becoming 'popularized', with soccer players, politically correct amalgams of history, and the like. It's not just Fiji and the Maldive Islands doing this, so is Canada, and the US was slated to produce a new note featuring a politically desireable portrait until it was stopped this year.
When you've got commercial goods like Elvis on Velvet and John Wayne Commemorative Wall Plates fetching millions of dollars a year, it was only a matter of time until that was recognized by the governments of the world. Now we're stuck with it until federal budgets are slashed to the point where producing such dross is no longer possible.
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Pillar of the Community
United States
6130 Posts |
I'll admit that I only know a handful of trends in modern US commemoratives. I'd be interested to see some data if anyone has any.
I bought 3 of the 2015 March of Dimes set; I think the issue price was $60. Coulda-shoulda sold them three months later for $90-150 for a raw set. Now an OGP set goes for about $75-80. Not as bad, but I would take a $45 profit on my investment if I wanted or needed to sell them today. I like the W mint dime in particular, and hope that it will go up in value as more collectors see that very tough hole in future albums.
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Moderator
 United States
189767 Posts |
"I only like a coin of the traditional style, proof or struck for circulation."
However, I have recently taken an interest in medals. Specifically the silver and bronze medals in the C&C sets, as well as the new silver Liberty medals.
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Pillar of the Community
United States
3327 Posts |
Quote:
I like the W mint dime in particular, and hope that it will go up in value as more collectors see that very tough hole in future albums. This is why it's good to keep people interested in our hobby. Maybe newer collectors will be fond of the "cartoon coins" and will move to more conventional sets that need pieces like your dime. If all of us dinosaurs die out with no one to pick up the torch, our modern coins that have lost half their value will lose All of it save face. Current or future value doesn't drive my acquisition, but I want what I have to bring as much as it can for whomever decides to liquidate later. "Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae
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Valued Member
United States
434 Posts |
Last time I directly supported the U.S. Mint Public Enterprise Fund (PEF) was back in the year 2012. Quote:
Established in 1792, the Mint is the world's largest coin manufacturer. Since Fiscal Year (FY) 1996, the Mint has operated under the Public Enterprise Fund (PEF) (31 U.S.C. § 5136). The PEF enables the Mint to operate without an appropriation. The Mint generates revenue through the sale of circulating coins to the Federal Reserve Banks (FRB), numismatic products to the public, and bullion coins to authorized purchasers. Revenue in excess of amounts required by the PEF is transferred to the United States Treasury (Treasury) General Fund. When a U.S. Mint product is purchased directly from the U.S. Mint itself, you are contributing to the PEF which pays for U.S. Mint operations, Act of Congress medals (e.g. Congressional gold medals), etc... Excess funds are transferred to the U.S. Treasury General Fund of which pays for essential government services. The U.S. Mint is incentivized to produced/sell numismatic and bullion coins, as a result you will see an abundant number of new issues and new products. https://www.usmint.gov/wordpress/wp...alReport.pdf |
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Moderator
United States
189767 Posts |
Thank you for posting that, DrDarryl. Many do not realize the US Mint is self funded.
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Bedrock of the Community
Canada
24885 Posts |
I voted : Quote:
It's all good, anything goes. Makes no difference to me. If I like it I get it Is an extra hobby for me .  a simple way to relax and research . |
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Pillar of the Community
United States
3477 Posts |
Any truth to the rumor the RCM will be releasing a maple syrup silver coin? A one ounce coin with a vial of maple syrup incorporated in the design? |
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Pillar of the Community
United States
6130 Posts |
Here's a good example: http://www.mint.ca/store/coins/pure...nese_Zodiac&Canadian 1 kilo .9999 gold coin, sold for CAD $75,000. Right now, 1 kilo of gold is worth CAD $51,164. $24,000 surcharge for a ceremonial face value, lackluster artistry, a vague and culturally insignificant commemoration (for Canada), and a meaningless low mintage. Yes, you could break even or even make a profit if gold sees a 50% price hike in the coming years. But why not just buy a kilo bar at current market price? A kilo gold coin is not something that carries any demand beyond its melt value, so why make them at all? There is no way around the fact that coins like these are a money pit. |
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Bedrock of the Community
13014 Posts |
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A kilo gold coin is not something that carries any demand beyond its melt value, That's not necessarily true |
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Moderator
United States
189767 Posts |
Quote:Any truth to the rumor the RCM will be releasing a maple syrup silver coin? A one ounce coin with a vial of maple syrup incorporated in the design? Say what!?  I have to admit, as a lover of real maple syrup, I would be tempted.  |
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Pillar of the Community
Norway
1358 Posts |
Don't worry about these futuristic items having an impact on the hobby. Most people will only know traditional coins as the special issues are for collectors only, usually, so they stay out of sight of the masses anyway. Except in Transnistria, of course, where composite coins are released for circulation. And I assume that we'll all go cashless in the (near) future anyway, so...
For me, I mostly like traditional coins, with a few variations just for fun. As long as it's authentic and durable.
ps. Remember that a lot of people collect German Notgeld. That went beyond creative compared to some of the futuristic issues nowadays...
Edited by UltraRant
10/04/2017 3:02 pm
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Pillar of the Community
United States
1119 Posts |
I voted other, I mainly collect US coinage of the traditional style. I also collect irradiated dimes and elongated cents. Although the motorized transformer coin with lazerbeam eyes sweetens the deal |
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Bedrock of the Community
 United States
10284 Posts |
Maple syrup is expensive. I must say I picked up a 2014 Canada Perched Eagle today pretty cheap in PF70 and it has gold plating on the Eagle. This may be as far as I'll go on adorned coins. That makes the third type coin I have with some plating on it. Kind of looks neat to me.  |
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Moderator
United States
189767 Posts |
Quote:
Maple syrup is expensive. Worth. Every. Cent.  Quote:
I must say I picked up a 2014 Canada Perched Eagle today pretty cheap in PF70 and it has gold plating on the Eagle. It actually looks really nice, but I cannot say it would fit in with my collection. I will never say never, because there was a time I was not interested in medals at all. Out tastes are always being refined with time.  |
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Posted 10/03/2017 11:58 am
