Hmmm ... good question that I have considered as well ...
I start with the premise that the classic USA commemorative series will never be 'main-stream' as a collecting goal. We are not going to find hundreds of thousands of collectors chasing these coins like we have today for say Lincoln Cents.
I also believe that demand for these coins ... hence long term price appreciation as an investment, will be driven by two separate segments of the collecting world ...
One collector segment will be looking for a coin or two from the series that meets certain aesthetic/personal criteria. These collectors will never intend to assemble a full 50-coin type set ... but their demand for a few 'special' coins should drive long-term price appreciation.
muddler captured IMHO a some key points of this potential market segment ...
Quote:
I would look at the most aesthetically pleasing design that will cross over to more main stream collectors creating more demand and retaining value.
Along those lines I would include the Oregon Trail, Texas and the Civil War coins (Stone Mountain, Gettysburg and Antietam). I do not believe that this segment of collectors care about mintage totals ... they are after a few well designed coins.
I do believe long-term investment opportunities exist for these coins in most grades as they should continue to appeal to future generations of collectors.
The second market demand I suggested above is IMHO more critical ... the committed collector who wishes to assemble a full type set of premium quality coins.
These future collectors will be after premium coins with eye appeal and certification ... investment grade coins regardless of the specific design.
To this future market segment an MS63 Oregon Trail is 'common' ... regardless of it's particular design appeal. A PCGS MS67/CAC approved Oregon Trail however with excellent strike and great eye appeal will forever be valued by the second segment of collectors.
Personally ... I'm not considering my classic silver commemorative type set as an 'investment' ... but FWIW I have taken approach #2 ... premium quality coins in PCGS holders with CAC approval.
Hence two options for you PG based on my viewpoints ... whatever you do I would avoid 'common' MS63-MS64 coins that do not fit either model. For example ... IMHO there is no future potential appreciation in buying an MS63 1893 Columbian half.
Best
David
Take a look at my other hobby ...
http://www.jk-dk.art