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 Replies: 12 / Views: 2,014 |
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Valued Member
United States
59 Posts |
hi guys, I just started getting into commemoratives because of the low premiums, I am a bullion guy so whenever I see cheap silver I buy it. my question is how do I know if an issue will be in demand or not? it seems like the lincoln coin is going for more than just the common dates. I picked up a BU last night for $55, by far the most I've spent on a commem.
this past weekend I snagged 14 for an average of $26.15 a pop. I also snagged 90 of the '82 washington halves for $10.35 a pop last week.
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Pillar of the Community
United States
2797 Posts |
Quote:
my question is how do I know if an issue will be in demand or not? If we only knew.  With mintage figures in the millions for modern commemoratives, chances are most all of them will float just above the bullion market during our lifetimes. That 82 Washington is probably the best example of over-production. Today no one wants them except for the silver content. There are some exceptions ... some new releases are homeruns, i.e., the $1 buffalo and the Lincoln that you mentioned. Both of these are tried and true popular designs from the past. Today they are popular, but no guarantees for tomorrow. |
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Pillar of the Community
United States
3592 Posts |
 Ouiji board, crystal ball,fortune teller,ask Nostradamus,etc ... Just kidding, but as SeatedNut says "if we only knew"..you could get a million responses but nobody will know until after the fact...barring a few lucky guesses. I say go with what you like and hope you get lucky...if not, you'll always have something you like.  |
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Pillar of the Community
United States
3345 Posts |
go with the "sleepers", coins that people generally overlook with moderatly low mintages. The problem with really low mintages is that everyone thinks the coin is going to be valuable and they get hoarded. Dont be a hoarder.look for the sleepers
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Valued Member
 United States
59 Posts |
im just wondering if it would be worth picking up 10-20 lincolns and hoping the demand remains
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Valued Member
United States
362 Posts |
97guns, as with any speculation you take the risk that they will fall in value as times and taste change. I would look at the price history of the coin, see if it has sustained an increase in value over the past decade. That might help. I bought one just because I like the design and the beauty of it. I personally think it will command a premium for quite some time but who knows?
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Pillar of the Community
United States
3184 Posts |
your a bullion guy, stick with the neat cool walking libs, franklins, kens, washingtons, mercs, and roosies! I avoid commems......many people don't like them.
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Bedrock of the Community
United States
12437 Posts |
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im just wondering if it would be worth picking up 10-20 lincolns and hoping the demand remains
You are about two years too late for that idea- the Lincoln commem was issued in Feb 2009. After the Mint sold out, prices were averaging ~$75 and have been slowly dropping since. |
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Valued Member
United States
59 Posts |
since starting the thread I've picked up 6 of them, all of them for under $45. I just got a BU yesterday that I paid $41.65 for.
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Pillar of the Community
Australia
1244 Posts |
"if we only knew"..
So true.
Everyone has there own tastes and trying to predict the market for what will be popular with any type of coin is a difficult game.
You could go with low mintage coins, but you can't always be sure that they will make any more money than release price as the mint puts the price up in the first place.
I guess if it is a commemorative, a special release or part of a series it might do a bit better.
Well if you can pick up cheap coins, go for it!! And best of luck to you.
My advice to collecting is buy things that you like, this way you will not be disappointed.
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Bedrock of the Community
United States
14454 Posts |
this is the hardest thing for people to figure out. There have been a few issues in the past 10 years that when they were announced collectors knew would probably be a opportunity like this but its always just a guess. One of the first I can remember since I have been collecting is the 20th anniversary ASE set with the Reverse Proof (these sold for 100.00 from the mint and had a limit of 10 per household, a month later they were selling for around 600.00 a set on ebay but then dropped down to around 300.00 which they are still at), the second I remember was in 2009 with the Lincoln set and to be honest I don't really know of any others that have been good runners except these two since I have been collecting since around 2005-2006. The 20th anniversary ASE's were thought to be more valuable than they are because no one knew they were going to release most of the coins individually the way they did and then the only way to really know it was actually a 20th anniversary set was if it was graded by the TPG's as such, and if you ever opened your package from the mint there was no way for the TPG's to put the 20th anniversary label on the slabs because they could have been pieced together instead of being actually bought together in a set |
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Pillar of the Community
United States
7189 Posts |
I am nearly complete with my modern proof commemorative dollars and have been adding to my stash every year when they come out. I was fortunate to get the unc and proof buffalo but I mostly get the proofs. Last one was the Columbus from ebay for $29, all I need for a complete set is the eight Atlanta Olympics dollars. This set will be for my grandson someday. |
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Pillar of the Community
United States
2424 Posts |
i know there are some lower mintages of the UNC commemoratives.
i think a few of them are around 50-60k. and can still be had for around melt. I think those will be sleepers for sure
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Replies: 12 / Views: 2,014 |
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Posted 04/06/2011 1:52 pm
