RP $1 Truman set

BigA · April 30, 2015 9:33PM

C & C...reverse proof dollar limited to 17k

Interesting

291fifth · April 30, 2015 9:41PM

Does the hobby need yet another ultra-modern variety?

FullStrike · April 30, 2015 9:49PM

Apparently the renewed and revitalised Franklin Mint does.

Oops, I mean the US Franklin Mint. No make that the US Turkey Mint.

Darn these smart edit keyboard things. The Turkeyfied US Mint.

Oh forget it. You know who I mean.

OPA · April 30, 2015 10:00PM

with only 17k produced, this may become an instant winner. Although I have all the reverse proofs (8) produced so far, not interested in this one.

BigA · April 30, 2015 10:11PM

<< <i>not interested in this one. >>

Wink, wink..

ricko · May 1, 2015 12:09AM

Sales must be lagging on the prezzies, so they add another gimmick... Cheers, RickO

Eagleguy · May 1, 2015 12:26AM

Don't they realize that most collectors have some level of OCD and if we wanted a RP pres dollar, we would want a RP for EVERY pres dollar? Why start now?

JH

jmski52 · May 1, 2015 12:48AM

<<Don't they realize that most collectors have some level of OCD and if we wanted a RP pres dollar, we would want a RP for EVERY pres dollar? Why start now?>>

Let me see if I can help answer that question. I refer you to RickO's comment above:

Sales must be lagging on the prezzies, so they add another gimmick... Cheers, RickO

Eagleguy · May 1, 2015 1:34AM

Yeah, but my point is that it is a little too late to introduce a gimmick. The series ends next year.

JH

LindeDad · May 1, 2015 1:55AM

Glad I lost that urge long ago. Haven't even opened the junk mail from them just use it as shredder fuel anymore.

Overdate · May 1, 2015 2:14AM

The 2011-P reverse proof silver eagle (mintage 100k) is currently selling for around $250 in PR69 and $400+ in PR70.

Even though silver eagles are much more popular than presidential dollars, I expect that the much lower mintages of the 2015-P reverse proofs will make them worth quite a bit more than $42 each (the set price minus the $16 silver bullion value). I anticipate an early sellout on all four sets.

pf70collector · May 1, 2015 2:28AM

They did 17k because the other chronicle sets only sold around 15K. But who really needs a reverse proof copper clad which will probably develop spots. I was going to avoid the these chronicle sets, but don't know now if this will induce me to buy. The presidential series is mostly going nowhere. The mint needs a gimmick. They see the results from the sac enhanced last year.

Type2 · May 1, 2015 2:44AM

In for ten I can always cancel my order but once sold out cant order...Just me dumb Type2 thinking

MsMorrisine · May 1, 2015 2:53AM

Statue of Liberty will either look really good in RP or really bad.

Overdate · May 1, 2015 2:55AM

It just occurred to me that the Mint plans to strike reverse proof sets this year. If the presidential dollars in the Coin and Chronicle sets are identical to those in the reverse proof sets, then the C&C sets will not be nearly as special.

The biggest potential difference is that the pres. dollars in the reverse proof sets will be struck in San Francisco, while the pres. dollars in the C&C sets will be struck in Philadelphia.

19Lyds · May 1, 2015 3:06AM

In December of 2008, the Mint scheduled the cancellation of many of the product offerings which they figured were extraneous, unimportant, not popular.

In 2007, they offered a Presidential Dollar Signature Set which came in a smart looking Library Folder and included 1 Proof Presidential Dollar with an intaglio print of that President produced by the BEP with a facsimile of the Presidents Signature embossed into the folder. The Price was $19.95 for each President. In support of this product, PCGS was offering a Presidential Dollar Signature Slab and Registry Set.

After 2 years of production and seemingly lack luster sales, this product made the cut list.

In early 2009 the prices for these discontinued products got fairly serious with some selling for close to $100 each.
By 2010 the luster was gone and now you can't give them away much less expect $19.95 for each set. A couple of these had releases of less than 4000 units.

I expect that this last minute thrust by the US Mint to tag yet another product onto the Presidential Dollar Set will has some great flipping opportunities shortly after they are released but as is typical with ANY Modern US Mint Product, their values will drop off significantly after the 1st year and then be difficult to move once the program ends. All potential buyers will have already received theirs and potential "new" collectors simply won't have any interest.

I kinda like the idea of where they are going but I don't think this was very well thought out. BTW, I do have 2 of the FDR C&C Sets in addition to a couple Lewis and Clark C&C Sets with a Ben Franklin C&C Set thrown in for good measure.

NONE have any real value over bullion and all have been losers over the long wrong with little to no actual "collectability".

I believe that this is where these RP coins are headed.

Overdate · May 1, 2015 3:38AM

To a great extent, the long-term value of a special Mint product depends on whether it contains one or more coins that cannot be obtained elsewhere.

A 2015-P reverse proof presidential dollar, with a mintage of only 17K to 25K, will be a winner regardless of how the Mint releases and markets it. To a lesser extent, the same will be true of the silver medal if it is available only in the set.

BigA · May 1, 2015 4:31AM

<< <i>I kinda like the idea of where they are going but I don't think this was very well thought out. BTW, I do have 2 of the FDR C&C Sets in addition to a couple Lewis and Clark C&C Sets with a Ben Franklin C&C Set thrown in for good measure. NONE have any real value over bullion and all have been losers over the long wrong with little to no actual "collectability". >>

Well maybe because none of them had any unique, low mintage coin in them...just sayin'

MedalCollector · May 1, 2015 7:08AM

Strange that they're changing the size of the presidential medal now. While I like the 1 5/16'' much better since that is the size of the bronze presidential miniature medals, now the short silver miniature medal set will not be consistent.

planetsteve · May 1, 2015 2:03PM

What a strange offering. Are these silver medals something new that's associated with the prezzies?

BigA · May 1, 2015 9:39PM

<< <i>Strange that they're changing the size of the presidential medal now. While I like the 1 5/16'' much better since that is the size of the bronze presidential miniature medals, now the short silver miniature medal set will not be consistent. >>

There are a couple (few) weird things about the article..

...all four C & C sets are being released in the same month (December).... true and probably one per week

...silver medal is totally different in size from the previous Presidential C & C sets ...probably not true. It most likely will be the ASE blank again. Why change now?

...no bronze medal...probably not true. Again, why change now?

RP $1 Truman set

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