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9/11 Medal on sale 6/20/11 - What are your opinions?
Lightrender3d
Posts: 195
Ok so the official 9/11 medal goes on sale tomorrow with a mintage max of 2 million for the year. What is YOUR opinion on its design and its investment posibilities?
Personally I think the design looks like it could have been MUCH better for such a special medal. = But I just gotta get some due to its ability to bring back memories on an important turning point in our modern day history.
Personally I think the design looks like it could have been MUCH better for such a special medal. = But I just gotta get some due to its ability to bring back memories on an important turning point in our modern day history.
0
Comments
<< <i>no investment possibilities unless the value of the of the silver content surpasses the issue price. >>
That's sad to think about. Anyone getting any just for the memories?
-Paul
btw... I think it's a terrible design.
I know by law, the US MINT is not to issue more than 2 commemoratives a year, but it's not like they didn't have 10 years to get this done!
This should have been a commemorative coin, and they could have done so much more with the design.
That being said, yes I will get one each from each mint. (& even place in my Modern Commemorative Proof Set, complete from 1982 all $1 & $.50 coins)
BLESSINGS
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Not marked as: One Troy Ounce .999 Fine Silver.
Potential Mintage is far too high.
It's a medal.
Destined to be quickly forgotten and difficult to sell on the secondary numismatic or bullion market.
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
<< <i>Poor design, late-late-late. Should have been a coin, issued for circulation, the following year, with a follow on after Hussein's capture that showed Uncle Sam with his boot on Saddam's neck. Now THAT would have sold. Cheers, RickO >>
Hussein ??
Don't you mean Bin Laden ?
<< <i>Not marked as: One Troy Ounce .999 Fine Silver. >>
Disagree---this wouldn't be appropriate. These aren't being sold as bullion although it wouldn't be a bad thing to put the "999 FINE SILVER" somewhere on the edge because, as you said, these are destined to become bullion.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>Poor design.
Not marked as: One Troy Ounce .999 Fine Silver.
Potential Mintage is far too high.
It's a medal.
/////
It's a medal....with two separate mint marked versions(?) Has this happened before? I did not know the medals could be mint marked. Two? It all seems very odd to me. I could maybe understand a gold medal with "W" and a silver medal with "P".
<< <i>
<< <i>Not marked as: One Troy Ounce .999 Fine Silver. >>
Disagree---this wouldn't be appropriate. These aren't being sold as bullion although it wouldn't be a bad thing to put the "999 FINE SILVER" somewhere on the edge because, as you said, these are destined to become bullion. >>
I am speaking from recent experience. Unmarked silver is poison on the bullion aftermarket. I sold some late last year and had to discount it heavily in order to make a sale.
artical on CNN ....will this bring more interest??
<< <i>CNN
artical on CNN ....will this bring more interest?? >>
Everytime I see this medal, it makes me think of the Olympics!
<< <i>
<< <i>
<< <i>Not marked as: One Troy Ounce .999 Fine Silver. >>
Disagree---this wouldn't be appropriate. These aren't being sold as bullion although it wouldn't be a bad thing to put the "999 FINE SILVER" somewhere on the edge because, as you said, these are destined to become bullion. >>
I am speaking from recent experience. Unmarked silver is poison on the bullion aftermarket. I sold some late last year and had to discount it heavily in order to make a sale. >>
Agreed about the non-marked silver. Bought 2 1974 'Bicentennial' medals, John Adams. Bought them as 90%...seen info on them (as well as ebay listings) being from .925 sterling, to 90%, to 40%. JJ Teaparty's walk-in store wanted NOTHING to do with them...NOTHING. Unmarked silver IS poison (no offense to the seller...I'll advertise as .925, as one prominent ebayer did, and make money, let the next guy worry about). But NEVER buy unmarked silver (I'd say the same about gold, but I'm not 'big' enough to be a gold buyer).
The above is the main reason, but a REAL close second place reason is the design....don't like it at all...could have done much more justice for those, like llafoe (THANK YOU, LARRY, FOR ALL YOU DO, MAN!!!). You guys/gals that do, have, and will serve, AND the respondents that day, are real heroes, putting your lives on the line every day in those sand-flea infested countries. This medal could have been something special...instead, when/if silver hits $75, or $100 oz (hypothetically), we'll have trouble getting a fair melt on it, due to the non silver content issue. It's a lose/lose, and it's a shame.
<< <i>well, hopefully the OGP will have the weight and silver content. >>
Won't matter......the piece itself needs to have that '.999' on it, regardless of the OGP, as those bicentennial medals don't have the silver content in the OGP either, and it's a Mint product. I tried finding it in the COA...told me not to bother looking (again, a comment made by one of the gents at JJ Teaparty). If it's a medal, it needs to be on the medal itself, per JJ Teaparty...and I'd be inclined to listen to what they say.
CONDITION Proof
CONTAINS 1 ounce of silver
DIAMETER 1.598 inches
EDGE Smooth
MINTAGE LIMIT 2,000,000 (across all options)
MINT Philadelphia or West Point
MINT MARK P or W
and the Law that created them
Public Law 111–221
111th Congress
National
September 11
Memorial &
Museum
Commemorative
Medal Act of
2010.
31 USC 5111
note.
An Act
To require the Secretary of the Treasury to strike medals in commemoration of
the 10th anniversary of the September 11, 2001, terrorist attacks on the United
States and the establishment of the National September 11 Memorial & Museum
at the World Trade Center.
Be it enacted by the Senate and House of Representatives of
the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ‘‘National September 11 Memorial
& Museum Commemorative Medal Act of 2010’’.
SEC. 2. STRIKING AND DESIGN OF MEDALS.
(a) STRIKING OF MEDALS.—In commemoration of the 10th
anniversary of the September 11, 2001, terrorist attacks on the
United States and the establishment of the National September
11 Memorial & Museum at the World Trade Center, the Secretary
of the Treasury (hereinafter referred to as the ‘‘Secretary’’) shall
strike and make available for sale not more than 2,000,000 silver
medals, each of which shall contain 1 ounce of silver.
(b) DESIGN REQUIREMENT.—
(1) IN GENERAL.—The design of the medals struck under
this Act shall be emblematic of the courage, sacrifice, and
strength of those individuals who perished in the terrorist
attacks of September 11, 2001, the bravery of those who risked
their lives to save others that day, and the endurance, resilience,
and hope of those who survived.
(2) INSCRIPTIONS.—On each medal struck under this Act,
there shall be—
(A) an inscription of the years ‘‘2001–2011’’; and
(B) an inscription of the words ‘‘Always Remember’’.
(c) SELECTION.—The design for the medals struck under this
Act shall be—
(1) selected by the Secretary, after consultation with the
National September 11 Memorial & Museum at the World
Trade Center and the Commission of Fine Arts; and
(2) reviewed by the Citizens Coinage Advisory Committee.
SEC. 3. ISSUANCE OF MEDALS.
(a) QUALITY OF MEDALS.—The medals struck under this Act
shall be made available for sale in the quality comparable to proof
coins.
(b) MINT FACILITY.—
(1) IN GENERAL.—Only 2 facilities of the United States
Mint may be used to strike medals under this Act.
Aug. 6, 2010
[H.R. 4684]
124 STAT. 2377 PUBLIC LAW 111–221—AUG. 6, 2010
(2) USE OF THE UNITED STATES MINTS AT WEST POINT,
NEW YORK, AND PHILADELPHIA, PENNSYLVANIA.—It is the sense
of Congress that, to the extent possible, approximately one-
half of the medals to be struck under this Act should be struck
at the United States Mint at West Point, New York, and
approximately one-half struck at the United States Mint at
Philadelphia, Pennsylvania.
(c) DATE OF ISSUANCE.—The Secretary may make the medals
available for sale under this Act beginning on January 1, 2011.
(d) TERMINATION OF AUTHORITY.—No medals shall be struck
under this Act after December 31, 2012.
SEC. 4. NUMISMATIC ITEMS.
For purposes of sections 5134 and 5136 of title 31, United
States Code, all medals struck under this Act shall be considered
to be numismatic items.
SEC. 5. NATIONAL MEDALS.
The medals struck under this Act are national medals for
purposes of chapter 51 of title 31, United States Code.
SEC. 6. SALE OF MEDALS.
(a) SALES PRICE.—The medals made available for sale under
this Act shall be sold by the Secretary at a price equal to the
sum of—
(1) the cost of designing and selling such medals (including
labor, materials, dies, use of machinery, overhead expenses,
marketing, and shipping); and
(2) the surcharge provided in section 7 with respect to
such medals.
(b) BULK SALES.—The Secretary shall make bulk sales of the
medals at a reasonable discount.
(c) INTRODUCTORY ORDERS.—
(1) IN GENERAL.—The Secretary shall accept introductory
orders for medals made available for sale under this Act.
(2) DISCOUNT.—Sale prices with respect to introductory
orders under paragraph (1) shall be made at a reasonable
discount.
SEC. 7. SURCHARGES.
(a) IN GENERAL.—All sales of medals made available for sale
under this Act shall include a surcharge of $10 per medal.
(b) DISTRIBUTION.—Subject to section 5134(f) of title 31, United
States Code, all surcharges received by the Secretary from the
sale of medals under this Act shall be paid to the National September
11 Memorial & Museum at the World Trade Center to
support the operations and maintenance of the National September
11 Memorial & Museum at the World Trade Center following its
completion.
(c) AUDITS.—The Comptroller General of the United States
shall have the right to examine such books, records, documents,
and other data of the National September 11 Memorial & Museum
at the World Trade Center as may be related to the expenditures
of amounts paid under subsection (b).
SEC. 8. BUDGET COMPLIANCE.
The budgetary effects of this Act, for the purpose of complying
with the Statutory Pay-As-You-Go Act of 2010, shall be determined
124 STAT. 2378 PUBLIC LAW 111–221—AUG. 6, 2010
LEGISLATIVE HISTORY—H.R. 4684:
CONGRESSIONAL RECORD, Vol. 156 (2010):
July 20, considered and passed House.
July 22, considered and passed Senate.
by reference to the latest statement titled ‘‘Budgetary Effects of
PAYGO Legislation’’ for this Act, submitted for printing in the
Congressional Record by the Chairman of the Committee on the
Budget of the House of Representatives, provided that such statement
has been submitted prior to the vote on passage.
Approved August 6, 2010.
<< <i>
<< <i>well, hopefully the OGP will have the weight and silver content. >>
Won't matter......the piece itself needs to have that '.999' on it, regardless of the OGP, as those bicentennial medals don't have the silver content in the OGP either, and it's a Mint product. I tried finding it in the COA...told me not to bother looking (again, a comment made by one of the gents at JJ Teaparty). If it's a medal, it needs to be on the medal itself, per JJ Teaparty...and I'd be inclined to listen to what they say. >>
Well, I've decided to wait and pick mine up on eBay by the soon to be unsuccessful flippers. Hopefully I get a decent price that'll make owning this silver "non scarlet letters" coin liveable.
<< <i>Well, I've decided to wait and pick mine up on eBay by the soon to be unsuccessful flippers. Hopefully I get a decent price that'll make owning this silver "non scarlet letters" coin liveable. >>
Same here.
<< <i>btw... I think it's a terrible design. >>
same WT: 1 oz Silver (just not marked on coin (I mean MEDAL))!!
I don't know much about US Mint "Medals" but is this the first one at 1 oz silver??
Was thinking of getting a few but now have "come to my senses" and will just get one each from both mints
(PCGS PR69 FS from someone on the board
Blessings
<< <i>
<< <i>well, hopefully the OGP will have the weight and silver content. >>
Won't matter......the piece itself needs to have that '.999' on it, regardless of the OGP, as those bicentennial medals don't have the silver content in the OGP either, and it's a Mint product. I tried finding it in the COA...told me not to bother looking (again, a comment made by one of the gents at JJ Teaparty). If it's a medal, it needs to be on the medal itself, per JJ Teaparty...and I'd be inclined to listen to what they say. >>
You are absolutely correct. It needs to be on the medal itself, not on some piece of paper.
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 700
OSU....0-2 in their last two games.....
Been away a few days. Was just reading the responses at the bottom of page 3 of the original 9/11
commemorative medal thread. When I tried to go to page 4, I got the dreaded "error 102" message.
Then the whole thing went "poof". Anyone know why?
"The only place success comes before work is in the dictionary."
~ Vince Lombardi
Mint sold 12,000 in the first 2 hrs. So there is some demand.
But, is Liberty pregnant ?
Box of 20
<< <i>I thought these shipping in Sept. Bought two of each mint. Seems European in design. >>
You are correct...not scheduled for shipment until September.