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 Replies: 30 / Views: 5,251 |
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Valued Member
United States
462 Posts |
I just wondered what others think about the mint having a 17,000 mintage on these sets. Do you think they didn't think it'd be that popular? I imagine they spend a good amount of time preparing the dies so wouldn't it make more sense to produce more to maximize profits? I got two sets yesterday, but missed the first one. The website timed out constantly and I was afraid I'd miss out on this one too. After a little persistence I was able to place my order at 12:06. I checked back again at 12:10 out of curiosity and it was sold out. Shouldn't they up the mintage of things like this? 17K is very low. What are your thoughts?  |
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Pillar of the Community
United States
7390 Posts |
Yes the mint messed up. The previous sets were stagnant at a 20k mintage and they thought 17k was enough but thought kennedy would be slightly more popular so they set him at 25k. Here's the rub... they completely overlooked the reverse proof finish and what that would do for interest/sales. It was too late to up the ike mintage so they lowered the hh limit to 2 and now we know how that worked out. The upped the kennedy now to 50k (which still isn't going to be enough) and will probably up the Johnson and Regan from 17k as well... you just scored an instant key date coin that will only increase in value over the years. You won the mint lottery in a small way, congrats!
Edited by Cascade
08/12/2015 10:45 am
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Moderator
 United States
187702 Posts |
I have to say I would be shocked if Johnson stays at 17k. Popularity of the president is immaterial, the reverse proof is the motivating factor.
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Pillar of the Community
United States
4901 Posts |
Quote:
Do you think they didn't think it'd be that popular? Yes... Quote:
I have to say I would be shocked if Johnson stays at 17k. Popularity of the president is immaterial, the reverse proof is the motivating factor.  No way it will be 17k.... |
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Pillar of the Community
United States
1817 Posts |
Coin World article about the Eisenhower drop mentioned the Johnson set will be raised to 25,000, making the Truman and Eisenhower RPs the keys of the Presidential $1 series. Reagan is sure to be at least 25,000 if not more.
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Pillar of the Community
United States
7390 Posts |
Ya and once kennedy sells out in under 20 mins they're gonna up Johnson to 75k if they can
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Pillar of the Community
1153 Posts |
I think LBJ will stay at 17k
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Pillar of the Community
United States
4901 Posts |
The "new" Mint needs to have everything ready for shipping when a product goes on sale...so...they have to decide NOW what the limit will be.... 25k will be another frenzy....Nice  |
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Moderator
United States
187702 Posts |
Reagan will be 50k or more if the Kennedy has a fast sell out at 50k
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Pillar of the Community
United States
1254 Posts |
I like instant rare coins.
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New Member
United States
43 Posts |
The Kennedy sets won't appreciate much at all, too many sets
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Pillar of the Community
United States
1254 Posts |
I don't know about that, even though there is 50K of the Kennedy coin, I think there will be a large demand for this coin. People now have several series they need to complete by having this coin. Is this lowest mintage Kennedy coin ever minted, I thought I heard that somewhere? I think demand will greatly outweigh the supply causing websites to crash again and people being disappointed they weren't able to get in and get one. Another quick sell out.
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Pillar of the Community
United States
7390 Posts |
Kennedy will have same sellout conditions as truman & ike. Secondary market I see them going $150-$175 at first and down to $100-125 once it settles down.
Truman I see settling at $175-200 after ike bump
Ike I see leveling off around $250 +/- after the fever passes
5+yrs... ?
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Pillar of the Community
United States
7390 Posts |
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Pillar of the Community
United States
2764 Posts |
Should we consolidate threads that have similar discussion? I like the way the ATB 5oz thread evolve. |
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Pillar of the Community
United States
899 Posts |
I actually like the limited mintage products. Look at the resell values of these and tell me what other modern coin has such a high value? That is what most are complaining about - they didn't get one straight from the mint and look what they are selling for... personally - I had already been collecting the C&C sets and like them for what they are. I read how many here want the RP coin and are totally ignoring the actual package they are getting - the Ike medal to me was worth the purchase price. (altho I wish they would have included the bronze medal as well)
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Replies: 30 / Views: 5,251 |
Posted 08/12/2015 3:57 pm
