Quote:
"If an event is important enough to commemorate, why shouldn't every collector have an equal and fair chance to obtain these collector items?"
That is a fine sentiment from Mr. Burnette, but IMO it is not grounded in the reality of how collectibles are valued and sold.
In many cases the intrinsic value of precious metals contained in commemoratives or medals is an economic forcing function that limits the audience who can obtain them.
As you said ....
Quote:
It's long been a part of the hobby.
To the question of continuing with commemorative coins back in 1960, I could have supported this with a few constraints:
1. The events to be commemorated must have been of national significance, not York County Maine Tercentenary (as a specific egregious example of limited and local significance).
2. The coins were to be issued for only one year and from only one mint. Uncirculated and Proof versions are OK.
3. Coins containing precious metal should be priced at the sum of: metal spot value, mint production costs and an appropriate surcharge.
It would be a fun thought exercise to imagine the events that occurred between 1954 (final classic commemorative issue) and 1982 (first modern commemorative issue) that fit these requirements.
I'll start thinking about it.
