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Classic/Modern Commemorative Thoughts

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cownas22's Avatar
United States
1055 Posts
 Posted 07/05/2010  11:57 am Show Profile   Bookmark this topic Add cownas22 to your friends list Get a Link to this Message Number of Subscribers
Since starting my U.S. Type coin set I have really enjoyed the aspect of collecting by type and not just by set. I am still working on the type set and am thinking of starting on the Commemorative series. I want to put together a type set of the commemorative coins (love the different designs) and realize it will be a giant undertaking, esp for some of the classics.

For the Moderns do you think it would be advantageous to go for the MS coins or the proofs? The MS often have smaller mintages, but some of them can get pretty pricy. I wonder how a mixed set of some proofs, some MS coins would look. I would like a uniform set but I can't see spending $5,000 for a Jackie Robinson Gold MS. Oh did I mention I would collect all the Gold Moderns too?
Some issues have a wide price range between MS/Proof. For example, The Olympic $1 high jump. $450 in MS vs. $65 PR.

Any suggestions?

Also does anyone know the composition of the Library of Congress $10 Gold/Platinum? Is it 1/4oz Gold and 1/4 of Platinum?
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nickelsearcher's Avatar
United States
15435 Posts
 Posted 07/05/2010  1:22 pm  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply

Quote:
and realize it will be a giant undertaking


Indeed ..... even a type set of the modern commemorative would be a giant undertaking.

The 2000-W Library of Congress $10 bimetallic coin was issued at a weight of 16.259 grams with a composition of 48% platinum, 48% gold and 4% 'alloy'.

The original pre-issue price for the Uncirculated version was $380 ...... and today a MS65 example is on the order of $4,000!

Wish I could wind the clock back 10 years and buy a dozen or so.

Best wishes with whatever set you decide on ...... we're looking forward to seeing some photos.

David

Take a look at my other hobby ... http://www.jk-dk.art
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cownas22's Avatar
United States
1055 Posts
 Posted 07/07/2010  4:44 pm  Show Profile   Bookmark this reply Add cownas22 to your friends list Get a Link to this Reply
Thanks for the info David. Where did you find the original sale price info? I would be interested in looking at that info for appreciation data.

I have decided to work towards a complete US commemorative set (minus some of the extremely rare classic gold issues). So this will include the classic silvers, modern 50c., modern $1 silvers, and modern $5 & $10 Gold, and maybe a couple classic gold pieces.

For the moderns I want to do a complete set of 50c and $1 in MS. (I like the lower mintages and look of the coins) And may have to do a mix of MS and Proofs for the gold coins. I want to do the MS but I cant see myself ever paying $4k-$5k for Jackie Robinson or $1k+ for the Olympics coins or the Library of congress. So I might opt to just go with a mix or do the proofs all together.

I am really excited about this task, I know it will take years to complete and lots of $$$ but will make a great set to go along with my Regular issue type set (which I am still working on).

I have noticed that many of the modern gold commemoratives prices are connected to spot prices so I may try to buy them up first. Many have increased $75+ in a year or two due to the spot going up.

For the classic silvers I will buy mainly MS63-65 coins but may choose a AU coin for the pricier issues. I am not too concerned with having a uniform MS-65 or MS-66 set (my pockets are not that deep).



Anyone have any suggestions or comments for the set?
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Namachieli's Avatar
United States
2120 Posts
 Posted 07/07/2010  5:41 pm  Show Profile   Bookmark this reply Add Namachieli to your friends list Get a Link to this Reply
Will be a very cool set when you are done. should start a thread to track your progress.
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United States
103 Posts
 Posted 07/08/2010  01:48 am  Show Profile   Bookmark this reply Add zazenboy to your friends list Get a Link to this Reply

cownas22,
You didn't mention how you were thinking of approaching the classic commemorative set, viz., raw AU/BU collector coins or the high grade investment slabs. The degree of formidability is only matched by the depth of your wallet and whether you want to enjoy your collected results on a coin by coin basis or as a group. Some of the most unusual and striking U.S. Coinage designs came from the 20s and 30s. 

As for the modern commemoratives, the proof set consists of 61 silver dollars, 17 halves, 24 half eagles and 6 eagles (3 if you choose 1 LA Olympics).  The unc set is 65 $1, 17 50c, 24 $5.00 & 3 $10.00. Personally from a show perspective, I would go with the proofs, as I like to display them 12 at time in a black Capital Plastics holder. The unc set has 2 set stoppers both of whom you mentioned, the Jackie Robinson half eagle and the bimetallic Library of Congress both averaging about $5K each. (For that price I'd go for a Lafayette Dollar and a Hawaiian in MS-64 just to put things in perspective, and they are the two major keys in the classic set, the two PanPac $50 pieces notwithstanding.) 

From a design standpoint, the last 10 years of commems have been an improvement over the 80s & 90s, especially after the Atlanta Olympics marketing fiasco. Federal coinage will never approach the innovations of European coins, as everything is mandated by law, but I think we are in the midst of a coinage design Renaissance that harks back to the 30s, thanks to the 50 State Quarters program and a forward thinking Mint Director like Ed Moy.

If you are intrigued by modern design concepts on a "commemorative" scale, I'd suggest you check out the $10 and $25 platinum proof coins for the yearly rotating reverses, and then check the mintages in Red Book. It seems deceptively easy to complete the 12 coin set now, but as time goes by, you would really have something like rivaling the '36-'42 proof run, as these platinum coins, IMO, are the true modern day rarities.

Good luck & best wishes on assembling your commem set.   
zb
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cownas22's Avatar
United States
1055 Posts
 Posted 07/08/2010  10:13 am  Show Profile   Bookmark this reply Add cownas22 to your friends list Get a Link to this Reply
Thanks for your thoughts Zazanboy.


For the classic commemoratives you are right, it all depends on the depth of your pockets. I am not going for a complete set of MS66 coins, there I would be getting into huge numbers for some coins. I will simply buy the best grade of each issue I can afford. For some coins it may be MS66 (I have the California San Diego Expo in MS66) while others I may have to make due with AU. Each design has a different character so I don't think it will make the set look bad by having grades ranging AU-MS66. I am planning on buying certified coins from PCGS or NGC.
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