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September 11 National Medal 9-11 Silver Proof

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Valued Member

United States
90 Posts
 Posted 03/22/2013  7:48 pm Show Profile   Bookmark this topic Add ant024 to your friends list Get a Link to this Message Number of Subscribers
Question about this medal. I know some didn't like design and some didn't like it being a medal as opposed to a coin. They had a max mintage of 2 million and didn't come close to that around 70k P and 120k W. On ebay these have been selling $35-60 for a 69 grade. It's one Troy oz silver.

What is everyone's thoughts on future value of this medal.
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basebal21's Avatar
13014 Posts
 Posted 03/22/2013  7:59 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
I think the future value of it is exactly where its at now. A powerful design on something like that would have done huge numbers even as a medal and the fact they only sold about 10 percent of the mintage pretty much tells the story for these.

Theres nothing to me that indicats it will ever be hard to find. Very few people collect mint medals as a series so it doesn't even get the sales of people buying it because they have to to complete the set.
Valued Member
United States
90 Posts
 Posted 03/22/2013  8:49 pm  Show Profile   Bookmark this reply Add ant024 to your friends list Get a Link to this Reply
Even with the low mintage you don't think it turns into something valuable ?

I mean a bullion eagle is $31. For $40 each graded I would think that's a steal
Valued Member
United States
90 Posts
 Posted 03/22/2013  8:53 pm  Show Profile   Bookmark this reply Add ant024 to your friends list Get a Link to this Reply
My thinking is years down the road low mintage and not many available maybe the graded 69's sell $100-150 range
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basebal21's Avatar
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 Posted 03/22/2013  9:07 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
Low mintage doesn't really mean anything. Its not the mintage that gives the coin its value its the demand. A low mintage certainly helps but all you need is the number of people who want one to out number how many there are. Think of it this way a coin could have a mintage of 10 but if only 1 person wants it theres no demand for it. Another could could have a mintage of 2 million but if 4 million people want it its price will shoot up from demand.

The other thing to consider is that for 9-11 there were A LOT of privately minted memorial medal/coins and frankly the vast majority if not all of them had a more meaningful design on them. There is a lot of private stuff out there this medal is competing with. Its not like 9-11 was some obscure event either, these medals were advertised on tv and people still stayed away from them.

The other thing about this is medal is it really cant be compared to other things that have been over looked in the past to be discovered at a later date because of what it represents. The 9-11 attacks had a dramatic effect on the country both at the time and its future direction, in fact we are still involved in actions from. I bring that up because its a very emotional issue for people. Some people cant look at the medal or talk about 9-11 without crying, others get very angry at the subject. The design on this medal really angered a lot of people (myself included) and theres some old threads on it here. I'm not bashing anyone that likes it by any means, its just that its something that you like or you dont. Due to the fact its for 9-11 whatever your initial impression of it is thats what your impression will be forever. You arent going to look back 5 10 years from now and say you know what I was wrong 9-11 wasnt that big of a deal and the medal is fine ill get it, its one of those events that sticks with you forever much like pearl harbor did or the jfk assassination for older generations.

With all that said I dont have a magic 8 ball that tells me everything that will go up or not so I could be wrong and it could happen. I just dont see personally why it would. If you like them though 40 dollars is a good price to pick up a 69
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United States
90 Posts
 Posted 03/22/2013  9:11 pm  Show Profile   Bookmark this reply Add ant024 to your friends list Get a Link to this Reply
Thanks for the insight. That does make a lot of sense. I wasn't really thinking about the coins medals out there.
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 Posted 03/22/2013  9:56 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
Hopefully I didnt discourage you from getting it if you like it. If you like it by all means get it. I just wouldnt recommend it as an investment
Valued Member
United States
90 Posts
 Posted 03/23/2013  10:56 am  Show Profile   Bookmark this reply Add ant024 to your friends list Get a Link to this Reply
I was offered 10-$400. Was considering it. When they came out I got one of each to have.
CCF Master Historian of USA Commemoratives
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commems's Avatar
United States
12266 Posts
 Posted 03/25/2013  7:32 pm  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply

Quote:
What is everyone's thoughts on future value of this medal.

I agree with basebal21 that demand is the key variable for this medal, not its mintage. That said, I believe that future collector demand will likely only increase for one of three reasons:
  • the approach of another major anniversary of September 11th - for example, the 15th in 2016, 20th in 2021, etc.

  • the US Mint begins to more regularly issue silver commemorative medals, thus creating a collectible series that collectors are more likely to pursue and want to complete

  • an increase in the price of silver



Coin collectors are a "funny" breed when it comes to medals. Even though medals are the same as coins in almost every aspect, many (most?) collectors "look down" upon them because they do not feature legal tender status. I believe this to be a primary reason for the poor sales of the Mint's September 11th medal and why its secondary market price will likely continue to be largely based on its metal content.


Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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