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 Replies: 47 / Views: 6,194 |
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Pillar of the Community
United States
1817 Posts |
Paleoguy, feel your pain. It's not your fault, the main hotspot is the Mint's continued indifference to the end user of their products, numismatic or for commerce. They have a monopoly on all legal tender coinage that stamped "United States of America." Their primary interest is making physical coinage, the amount of money made from seigniorage of same, and quickest most EXPEDIENT way to get said product out of the warehouse. Thus, the train wreck fiasco of the ASE set, which could be seen from weeks away. Distribution channels are a minor secondary consideration. Walking hand in hand with the Mint's indifference, are the legions of speculators who are only interested in profiting off of their fellow collectors with multiples of the initial MSRP. I know it's a free country and it's perfectly legal, but it has the effect of driving away legitimate would-be collectors, when the initial Ponzi-type pricing cannot be maintained, as the speculators have moved on to the next "hot" low mintage offering. Don't believe me? Just take a look at the prices for a raw set of 2010 ATB 5oz bullion from March and today's sell prices. Edited by Bizybackson
11/20/2011 12:06 am
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Pillar of the Community
United States
1372 Posts |
Remember the old fable about the boy who cried wolf? The mint has come up with so many profit motivated, less than artistically rendered products in the past decade, that it's like the "coin of the hour club". As a result, nothing they are minting is of any interest to me at all. People who are forking over that kind of money for something with those kind of mintages....ought to consider coins like the 1937-S Texas commemorative half dollar with just 6,637 minted. Here's a nice raw MS example that's on ebay right now for 350 dollars. It's far and away more beautiful than all 5 of the silver eagles put together, and is a bonafide rarity. It's also a shame that the most popular designs are the old ones. There seem to be no real sculptors left that possess any real talent. I'm tired of all their "paint shop pro" designs. This ...... is a coin worthy of my dollars. Chance   |
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Pillar of the Community
United States
1064 Posts |
Chance, you are certainly right about that commemorative, it's a beautiful example of a low-mintage coin. I guess there just isn't that much interest in them, probably people are just not aware of these, not as much publicity as we have today...
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Pillar of the Community
United States
1372 Posts |
People are like sheep.... lead them and they'll follow. I'll bet more than half of the folks that collect ASEs do so simply because they're popular. A good coffee table book of some of the beautiful classic commemorative coin designs would be an expensive undertaking, bt it would take something like that to raise awareness enough to have any effect on value. FWIW, I've no financial interest in the 1937-S Texas coin ... but if I can move a few things, I'm going to put that one in my type set. I do have one ASE ... a 2006 satin finish. That's enough for me. Chance |
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Pillar of the Community
United States
7840 Posts |
Until now, I have really never considered commemerative half dollars...I think you may have a convert, at least for 7070 album. The 1937-S Texas commemorative half is beatuiful!
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Pillar of the Community
United States
1372 Posts |
One word of caution .... the Chinese are very aware of the commems, and have counterfeited nearly all, if not all of them. be careful, and you'll probably want to deal with a reputable dealer, or at least a seller with a return policy if buying on ebay, or one with a reputation to protect. Chance |
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Pillar of the Community
United States
7840 Posts |
Thanks Chance, I will be looking for a TPG version, I would feel better that way! Edited by oih82w8
11/20/2011 2:32 pm
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Pillar of the Community
 United States
2936 Posts |
I'm completely "over" the "need" for the 25th Anniversary Set. Prior to release, I had bought a complete set of MS ASE's, but that's as far as it is going. Now I have 26 more ounces of silver bullion is my take on things. Moving right along...  |
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Pillar of the Community
United States
7194 Posts |
I am still holding out to get the set I had ordered and I remain on back order expect to ship December 2. My Son was born in 1986 and I have all the ASE's excepting the 1995 w. I want to continue to collect these coins so I can pass the silver dollar of our age down to him. |
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Pillar of the Community
United States
2734 Posts |
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Chancellor Sutler: This (1937-S Texas) is a coin worthy of my dollars. About two hours after I signed for my box of ASE Set's, I picked up this 1936 Oregon Trail. Gotta love the irony!  |
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Pillar of the Community
United States
1372 Posts |
Yes, The Oregon trail is a gorgeous coin. It was minted across several years as well. That one's on my radar too.
Chance
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Pillar of the Community
United States
1231 Posts |
The way the mint sells coins reminds me of the 1980's and concert tickets.
Today we have ppl buy as many sets as possible to sell for a huge profit just to make a buck because of limited number
In the 80's we had concert ticket scalpers buy mass amount and sell for a huge profit from a sold out show
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Pillar of the Community
United States
1027 Posts |
I have a thing for the design quality of the classic commems as well. They would not make very good modern proofs, even when they have "fields" (like on the California coin), they are not flat so they would make lousy mirrors but it is that use of sculpted space that makes them such outstanding coins. I would love to see a modern coin in the same vein, even if the mint would have to forgo the notion of a cameo proof.  1925 S 50C California Diamond Jubilee  1936 S 50C Texas Centennial |
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Pillar of the Community
2224 Posts |
Too often a member will post photos that just make me  Clair - those do that to me, thanks. Now I'm searching with $$ in my pocket. Jim |
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Bedrock of the Community
United States
14454 Posts |
Quote:
In the 80's we had concert ticket scalpers buy mass amount and sell for a huge profit from a sold out show this practice still goes on today, the only difference the scalpers do not have to stand outside at the venue trying to sell the tickets, they just post them on craigslist |
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Replies: 47 / Views: 6,194 |
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Posted 11/20/2011 11:08 am
