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Would You Buy High Relief Coins As Numismatic Products?

 
 
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Valued Member
United States
112 Posts
 Posted 07/03/2019  12:29 pm Show Profile   Bookmark this topic Add BrandaBob to your friends list Get a Link to this Message
It shouldn't come as a surprise to anyone that the once bold relief of our coinage has... diminished over time. I don't have a problem with this as it doesn't hinder the coin's visual appeal for me, nor are they rendered any less effective as mediums of exchange. However, I acknowledge that a sizable number of you prefer to be able to "feel" your coins, but on the other hand, I respect the mint's decision to flatten the designs as it's simply more practical for mass striking and ensuring prolonged die integrity.

Classic style higher relief


Modern style lower relief


So with this all said, I couldn't help but notice the Mint's numismatic offerings have exploded over the years; never have consumers had a more diverse offering of products ranging from circulating to bullion coinage. The circulation grade S mintmark ATB Quarters are my case in point, as I never assumed a market would exist for ordinary, business strike S quarters, yet I stand corrected.



If the Mint were to offer high relief examples of circulating coins through rolls, bags, boxes, etc for a small premium, would you be willing to make the purchase, or would it be too gimmicky for your taste?
Pillar of the Community
United States
1312 Posts
 Posted 07/03/2019  1:31 pm  Show Profile   Bookmark this reply Add Bret to your friends list Get a Link to this Reply
I would likely make the purchase if it was something I needed to complete a series or I just liked the design.
Edited by Bret
07/03/2019 1:32 pm
Pillar of the Community
United States
4751 Posts
 Posted 07/03/2019  1:45 pm  Show Profile   Check GrapeCollects's eBay Listings Bookmark this reply Add GrapeCollects to your friends list Get a Link to this Reply
I dunno for Lincolns maybe
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Bedrock of the Community
United States
16247 Posts
 Posted 07/03/2019  5:34 pm  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
Please -No. They get closer to the RCM's massive yearly variety already. Remember Beenie Babies, Sports cards after 1987 or comics after 1990?

When the average collector has no chance of buying all production units, ESPECIALLY "created rarities", a downfall is in the making.

Take a look at mintage production for US commemorative coins. They continue to drop as so many are produced for marginally interesting events or dates.

You can now buy PCGS and NGC mint state commemorative gold issues in MS-70 with mintages under 5000 for $50 over bullion value. Buying the same coin from the mint, without grading, costs $100 or more over bullion.

Why buy from the mint when the price will go down on MOST issues if you wait a couple years?
Valued Member
United States
362 Posts
 Posted 07/04/2019  07:34 am  Show Profile   Bookmark this reply Add jaxenro to your friends list Get a Link to this Reply
As another version of an existing coin no I wouldn't like it

I wouldn't mind if they switched some of the commemoratives completely to high relief. But not a low and high version
Bedrock of the Community
United States
12245 Posts
 Posted 07/04/2019  3:28 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
Something like a high relief ASE sure, for normal coins there'd have to be a significant difference and a low mintage for me to be interested
Valued Member
United States
418 Posts
 Posted 07/06/2019  11:28 am  Show Profile   Bookmark this reply Add Ballyhoo to your friends list Get a Link to this Reply
I agree whole heartedly with moxking. With exception to the annual mint sets and an occasional, by that I mean one or two every five years or so, being all that I purchase from the Mint I pick them up at coin shows or dealers at less than issue. As to the subject, I do prefer high relief coins over the standard issues.
Bedrock of the Community
United States
17144 Posts
 Posted 07/06/2019  11:42 am  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
Mox nailed it, no use buying from the mint when you'll be able to get them cheaper from a retailer a few months down the road. Try selling anything you bought from the mint lately for anywhere near what you paid for it.
Pillar of the Community
United States
1312 Posts
 Posted 07/06/2019  6:06 pm  Show Profile   Bookmark this reply Add Bret to your friends list Get a Link to this Reply

Quote:
Try selling anything you bought from the mint lately for anywhere near what you paid for it.

2017 mint sets are going for about 50% over the issue price. The 2017-S proof ASE's are way above the issue price too. Alas, the point is still valid. There are way more losers than winners.
Valued Member
United States
112 Posts
 Posted 07/07/2019  12:26 pm  Show Profile   Bookmark this reply Add BrandaBob to your friends list Get a Link to this Reply
I agree with you regarding the second hand market but the question doesn't strictly apply to Mint only purchases. My point is if there existed modern high relief uncirculated coins, would you pay ANY premium for them as a numismatic product, at least on the secondary market?
Bedrock of the Community
United States
12245 Posts
 Posted 07/07/2019  10:11 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
My point is if there existed modern high relief uncirculated coins, would you pay ANY premium for them as a numismatic product, at least on the secondary market?


What's the mintage? By premium do you mean over face value or over issue price, basically everything can get some over face value premium
Valued Member
United States
362 Posts
 Posted 07/17/2019  6:54 pm  Show Profile   Bookmark this reply Add MrPink2018 to your friends list Get a Link to this Reply
circulating coinage? definitely not.

(but yes if it's an ASE that the mint would create just one time, and I wouldn't mind seeing that 2021 morgan or Peace dollar in high relief...)

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