Long term, none of them.
Quote:
And I feel the uncirculated mint set for this year is worthy of buying multiple sets for resale and make some $$$.
And I think that most collectors out there are thinking and planning the same thing. I fully expect the mintages of the proof and mint sets this year to be some of the highest in years, if not all time highs. When they first hit the market there will probably be some short term flipping possibilities but eventually I expect the prices on them to fall. (Forget about the Mints nonsense about there being 120 million coin collectors, the market doesn't seem to be able to support the price on proof or mint sets with mintages over a million. What do you think will happen if the 2009 sets do have mintages of 2 to 4 million?
Quote:
I would imagine the copper Lincolns will be very popular.
Hence my expectation of high mintages for the sets.
People make a big deal out of the "low" mintages of the 2009 dimes and nickels. But go back to the last time the mint produced coins with similar mintages, now those coins were NOT widely hoarded they were not considered to be anything special. Now after 50 YEARS these coins, which were not hoarded, are bringing only a very modest premium. And even then only in 65 or better. The 2009 coins are being hoarded away in LARGE quantities. In 2059 it will be much easier to find a MS 2009 nickel or dime than it is today to find a 1959 nickel or dime. So I would expect that even after 50 years they will only be worth a very small premium as well.
Posted 07/26/2009 6:30 pm
