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2016 Coin & Chronicles Set - Ronald Reagan

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87472 Posts
 Posted 10/19/2016  11:48 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Unfortunately, one of the Reagan dollars has a brown spot on it, so it's going back. I sure wish the mint had visual QC.
In this case, lucky for you they are nowhere near close to a sell out. I hope you get this remedied quickly.


Quote:
Last total...24,893 sold
Seems like they could have had a 25,000 limit and been fine.
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 Posted 10/19/2016  1:37 pm  Show Profile   Bookmark this reply Add Bret to your friends list Get a Link to this Reply
Yes, I am fortunate that they're still available. If they had said there would be a 25k limit, then they would have sold out in minutes. So, a lower stated limit equals more demand while a higher stated limit equals less demand. Perhaps they should just try a different approach like putting them on sale for a month or two.
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 Posted 10/19/2016  2:52 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Limited window, not limited mintage. I think it would be worth a shot. If you want them, order them between this date and that one.
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 Posted 10/19/2016  8:09 pm  Show Profile   Bookmark this reply Add Moorek to your friends list Get a Link to this Reply
How do you get coins graded and how much does it cost?I thought I heard you have to have a account and pay a yearly fee through the main one NGC and others?My Reagan C&C set looks very good plus my 50 anniversary Kennedy 4 coin set.I have several coins and sets that look awesome and just wondered if it was worth it to get some graded.Thanks for any replies I get!
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 Posted 10/19/2016  8:21 pm  Show Profile   Bookmark this reply Add Bret to your friends list Get a Link to this Reply
Moorek, this is just my opinion. If you have a rare coin where authenticity could be in doubt or a slight difference in condition might make a big difference in value, then it's worth the $$$ to have that coin graded. On the other hand, if you have a common modern coin that you look at and believe to be awesome, don't waste your money on having it 3rd party graded. You don't need to spend money to get someone to tell you what you already know. Spend that money on more coins instead. Plus, I like the original packaging better than the 3rd party slabs anyway.
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 Posted 10/19/2016  9:19 pm  Show Profile   Bookmark this reply Add Moorek to your friends list Get a Link to this Reply
Ok thanks Bret,that's what I kinda thought also,I have never had any graded so really wouldn't know what to do anyway!!
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 Posted 10/20/2016  06:57 am  Show Profile   Check Foxwoods Man's eBay Listings Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply
..Yes you have to join either PCGS or NGC before submitting any coins (or have a dealer submit for you...around $49/year

..most modern issues have a minimum of 5 coins needed for submission

..I agree that common issue modern coins are not appropriate for grading unless they are errors, varieties or of very low mintage. Cheaper just to buy the graded coin.

..FYI..in order to get the "set" designation you would have had to send the unopened box for grading. The PF ASE is common to other sets (soon) and available on its own. The dollar is unique.

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 Posted 10/20/2016  8:42 pm  Show Profile   Bookmark this reply Add clairhardesty to your friends list Get a Link to this Reply
Here is a pic of my Reagan reverse proof, and I have to agree with some others who think it looks kind of creepy. When held in hand the eyes sort of stare at you and in this image both the eyes and his smile stand out. Maybe the mint folks should have looked at this and said "that won't work" and done a little redesign. Anyway, I think I captured a decent image of the coin as it is.

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 Posted 10/20/2016  9:16 pm  Show Profile   Bookmark this reply Add Debrajc to your friends list Get a Link to this Reply
Nice picture clair.

I am hoping to get a quite weekend where I can have time to study some of my newer arrivals.

I am holding out examining mine more closely til then.
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 Posted 10/21/2016  12:50 am  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply
Wow, great picture, clair. It almost looks like a negative (now who remembers those?).
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 Posted 10/21/2016  08:26 am  Show Profile   Bookmark this reply Add Oldephriam to your friends list Get a Link to this Reply
My set arrived yesterday. I looked it over carefully. There are two good things I can say about it. First, there are no spots on the coins or the medal. Second, thankfully this is the last coin in the series. If I posted my negative comments I would be banned from this site forever.

Looking ahead I hope the American Innovator series idea gets defeated.
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 Posted 10/21/2016  08:33 am  Show Profile   Check Foxwoods Man's eBay Listings Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply
I find it makes more sense to just avoid products that do not fit my idea of what I want. There are MANY, MANY Mint products that I do not buy...but they don't upset me just because they exist.

Edited by Foxwoods Man
10/21/2016 08:34 am
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 Posted 10/21/2016  11:30 am  Show Profile   Check Foxwoods Man's eBay Listings Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply
Another view; (from Coin World)


Quote:

Will the 2016 Ronald Reagan Coin & Chronicles set be a bust?

The Reverse Proof 2016-S Ronald Reagan Presidential dollar is exclusive to the set.

Has the ship sailed on limited-edition U.S. Mint products, or is there still unlimited collector interest?

The Oct. 11 release of the Ronald Reagan Coin & Chronicles set would suggest interest is somewhat waning.

Just over 21,000 sets were sold on the opening day of sales for a product with a maximum release of 150,000.

Collectors and speculators seem to be content with ordering the sets at their leisure based on the maximum population available. You would think that hobbyists interested in obtaining the set because of the Reverse Proof 2016-S Ronald Reagan Presidential dollar exclusive to the set would do so sooner than later.

It's possible that sales are slow because collectors who actually want one of the sets with the exclusive Reverse Proof dollar and not looking to flip the set for a quick profit have already placed their orders.

The set will close out the 10-year run of the Presidential $1 Coin Series.

Earlier Coin & Chronicles sets exclusive with Reverse Proof dollars like those in 2015 for Harry S. Truman and Dwight D. Eisenhower sold out in minutes based on product limits of 17,000 sets each. The John F. Kennedy and Lyndon B. Johnson sets in 2015 took longer, with limits of 50,000 and 25,000 sets respectively.

The Mint didn't even bother with issuing 2016 Coin and Chronicles set for Presidents Richard M. Nixon or Gerald R. Ford. Did the Mint not deem the pair worthy of consideration, or was it because they ran out of different Mint production facilities from which to strike the Reverse Proof dollars?

The Mint increased the maximum mintage on the JFK and LBJ sets based on the sales performance of the Truman and Eisenhower sets. Beloved as he was, JFK still did not have the numismatic draw the Mint expected.

And the high regard in which President Reagan was held prompted officials to triple the Reagan Coin & Chronicles set availability from that of JFK. By Oct. 16, sales had only reached 24,983 sets.

It's likely the sales of the Reagan Coin & Chronicles are not going to increase in leaps and bounds anytime soon. The only likelihood of a surge is as the calendar year winds down and collectors and speculators decide to make last-minute purchases.

Although the Mint can still sell the sets into 2017, production of the Reverse Proof 2016-S Reagan dollar and the Proof 2016-W American Eagle 30th Anniversary silver dollar can only go through Dec. 31, 2016.

The Mint won't be stockpiling large quantities of fully packaged sets in hopes of possible sales. Whatever doesn't sell has the packaging scrapped, the coins melted, and the metal reclaimed.

So, if you're planning on buying one of the sets, sooner is better. There might not be a later.
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 Posted 10/21/2016  2:31 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Here is a pic of my Reagan reverse proof...
I would be pretty freaked out if I had not already seen my own set on person.


Quote:
I find it makes more sense to just avoid products that do not fit my idea of what I want. There are MANY, MANY Mint products that I do not buy...but they don't upset me just because they exist.
This.

Just because they make it does not mean you have to buy it.
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 Posted 10/23/2016  6:47 pm  Show Profile   Bookmark this reply Add Debrajc to your friends list Get a Link to this Reply
I got the boys all out this afternoon to admire them and thought I would snap a quick pic before I packed them away until next time. I have enjoyed this series but wish they all had the silver medal. That was my favorite part of the set.



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