It is an extremely low mintage in proportion to demand for this issue. Obviously, the secondary market for these coins is illustrating that.
It may not make sense to some, but those facts are undeniable.
in my mind, the only question is where on the spectrum between $500 and $1500 this coin falls. In any case, not a bad return on a $65 investment.
'
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
@metalmeister said:
I used to think so. Let's see, there's over 350 Million folks in American. Surely there must be 10% coin collectors like me, 35 million all chasing a Comem. with 5000 mintage. No so.
Sometime I feel Collectors must be less than 1%.
There is a big difference between the number of coin collectors and the number of people who collect ASE's.
@Overdate said:
Interesting factoid: Every P-mint 5 ounce silver quarter has a mintage of less than 30,000.
"Common dates" sell for $130 and up, while the lowest-mintage (14,731) George Rogers Clark can be obtained for about $300.
Shhhhhh! Some of us are still trying to flip the SAEs.
In reality price is a function of supply and demand. With sufficient demand 30k can be a low mintage in a relative sense even if not in an absolute sense.
Go to the Canadian mint website right now. There are several coins with mintages under 10k still available for purchase weeks after their release date.
Here’s a thought: say the mint elected to charge $500 for the coin at issuance. Do you think it would’ve sold out in the manner that it did? Because the price was so grossly below perceived value, the demand spiked. If the asking price were more in line with expectations of secondary value the speculation driven spike in demand would have been at least tempered. I’m not sure it would’ve sold out at $500 per coin (at least not as quickly as it did) and if that were the case, the market value wouldn’t be at its current $1k range. The price is powerfully driven by speculation. People will continue to pay high prices if they continue to believe there’s upside. Maybe I underestimate the ASE fan base, but I’d be surprised if there are more than 15,000 ASE collectors that would pay $1k plus for the coin just because they want to have it and not because they expect it to appreciate. My point: release the coin at $65 and the current result is a $1k plus resale. Release it at $500 and I do not think you’d be at that level, notwithstanding the fact that the coin remains the same and so does its “low” 30k mintage.
The answer is an emphatic no. Thirty thousand is not all that impressive when you add in the fact that the survival rate is virtually 100%, and the number of collectors who will spend over $1,000 for a single coin is not huge.
There are many 19th century coins that are rarer which sell for similar prices in the given grades. Here’s one. The 1876-P Twenty Cent Piece has a reported mintage of 14,750 plus 1,150 Proofs. Today the estimated surviving population is all grades is something less than 2,000.
Most collectors only want one Twenty Cent Piece for type if they want one at all. Yet, the 1876-P is “scarce” if you want to own something that most collectors can’t have. The bottom line is, as a raw number, 30,000 coins not that big of a deal.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
@3stars said:
Go to the Canadian mint website right now. There are several coins with mintages under 10k still available for purchase weeks after their release date.
It’s because there are less collectors of modern candian products.
Collector 91 Positive BST transactions buying and selling with 56 members and counting! instagram.com/klnumismatics
@tommymozz77 said:
It is the lowest mintage ASE, but IMO it only matters if you want to complete the complete series of American Silver Eagles. That includes proofs, reverse proofs, and other special finishes. I was unable to buy one from the Mint, would have liked to have one, but will not pay the prices they're asking on eBay
not sure if you'll ever get one at a lower price than $1000. when people start grading them, price should keep going up or at least in the $1k mark
As more get graded, it’s likely that more will become available for sale, which could easily cause a drop in price. I think it’s unrealistic to think that ”not sure if you'll ever get one at a lower price than $1000”.
I tend to agree, but I'm not sure the price is going to end up much lower in the near term. $500 to $750 is probably the bottom, if I had to make a guess. People (not you) are trying too many parallels to normal Mint products and not recognizing > @Wahoo554 said:
Here’s a thought: say the mint elected to charge $500 for the coin at issuance. Do you think it would’ve sold out in the manner that it did? Because the price was so grossly below perceived value, the demand spiked. If the asking price were more in line with expectations of secondary value the speculation driven spike in demand would have been at least tempered. I’m not sure it would’ve sold out at $500 per coin (at least not as quickly as it did) and if that were the case, the market value wouldn’t be at its current $1k range. The price is powerfully driven by speculation. People will continue to pay high prices if they continue to believe there’s upside. Maybe I underestimate the ASE fan base, but I’d be surprised if there are more than 15,000 ASE collectors that would pay $1k plus for the coin just because they want to have it and not because they expect it to appreciate. My point: release the coin at $65 and the current result is a $1k plus resale. Release it at $500 and I do not think you’d be at that level, notwithstanding the fact that the coin remains the same and so does its “low” 30k mintage.
I've said it before and it bears saying again: IT WOULD BE CRIMINAL FOR THE MINT TO SELL THEM AT $500
The Mint could then create artificially low mintages of everything from Mint sets to Proof sets and escalate the price accordingly. They are a MONOPOLY.
a mintage of 30k for a 5ozt. hockey puck probably isn't a low mintage. that same amount for a circulation issue placed in regular channels almost certainly is.
to the point of demand argued by jmlanzaf and Coinguy, I think that when word got out that the 2019-D Lincoln Cent only had a mintage of 30k we would have plenty of demand and a declared instant rarity by those selling that coin. at this site, that knowledge would push all Silver Eagle threads off page one.
Compared to 30,125 , it is. That's the mintage of the '95-W (If your question is about this 2019-S Eagle).
So my answer is no. It is lower, but far from low.
@3stars said:
Go to the Canadian mint website right now. There are several coins with mintages under 10k still available for purchase weeks after their release date.
It’s because there are less collectors of modern candian products.
Exactly. Low mintage does not necessarily mean rare
Comments
It is an extremely low mintage in proportion to demand for this issue. Obviously, the secondary market for these coins is illustrating that.
It may not make sense to some, but those facts are undeniable.
in my mind, the only question is where on the spectrum between $500 and $1500 this coin falls. In any case, not a bad return on a $65 investment.
'
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
Well, I think the mint is changing the reverses soon. So these first series ASE's will be a great set with two keys and a couple of semi keys..
There is a big difference between the number of coin collectors and the number of people who collect ASE's.
Shhhhhh! Some of us are still trying to flip the SAEs.
In reality price is a function of supply and demand. With sufficient demand 30k can be a low mintage in a relative sense even if not in an absolute sense.
Go to the Canadian mint website right now. There are several coins with mintages under 10k still available for purchase weeks after their release date.
Serious question.
Do they teach Economics in school anymore?
I took the elective in high school, was probably one of the best courses that taught me about the pressures on S/D and how the money system works.
I've seen (not necessarily here, mind you) so many ignorant posts I start to wonder....
Here’s a thought: say the mint elected to charge $500 for the coin at issuance. Do you think it would’ve sold out in the manner that it did? Because the price was so grossly below perceived value, the demand spiked. If the asking price were more in line with expectations of secondary value the speculation driven spike in demand would have been at least tempered. I’m not sure it would’ve sold out at $500 per coin (at least not as quickly as it did) and if that were the case, the market value wouldn’t be at its current $1k range. The price is powerfully driven by speculation. People will continue to pay high prices if they continue to believe there’s upside. Maybe I underestimate the ASE fan base, but I’d be surprised if there are more than 15,000 ASE collectors that would pay $1k plus for the coin just because they want to have it and not because they expect it to appreciate. My point: release the coin at $65 and the current result is a $1k plus resale. Release it at $500 and I do not think you’d be at that level, notwithstanding the fact that the coin remains the same and so does its “low” 30k mintage.
The answer is an emphatic no. Thirty thousand is not all that impressive when you add in the fact that the survival rate is virtually 100%, and the number of collectors who will spend over $1,000 for a single coin is not huge.
There are many 19th century coins that are rarer which sell for similar prices in the given grades. Here’s one. The 1876-P Twenty Cent Piece has a reported mintage of 14,750 plus 1,150 Proofs. Today the estimated surviving population is all grades is something less than 2,000.
Most collectors only want one Twenty Cent Piece for type if they want one at all. Yet, the 1876-P is “scarce” if you want to own something that most collectors can’t have. The bottom line is, as a raw number, 30,000 coins not that big of a deal.
It’s because there are less collectors of modern candian products.
Collector
91 Positive BST transactions buying and selling with 56 members and counting!
instagram.com/klnumismatics
I tend to agree, but I'm not sure the price is going to end up much lower in the near term. $500 to $750 is probably the bottom, if I had to make a guess. People (not you) are trying too many parallels to normal Mint products and not recognizing > @Wahoo554 said:
I've said it before and it bears saying again: IT WOULD BE CRIMINAL FOR THE MINT TO SELL THEM AT $500
The Mint could then create artificially low mintages of everything from Mint sets to Proof sets and escalate the price accordingly. They are a MONOPOLY.
a mintage of 30k for a 5ozt. hockey puck probably isn't a low mintage. that same amount for a circulation issue placed in regular channels almost certainly is.
to the point of demand argued by jmlanzaf and Coinguy, I think that when word got out that the 2019-D Lincoln Cent only had a mintage of 30k we would have plenty of demand and a declared instant rarity by those selling that coin. at this site, that knowledge would push all Silver Eagle threads off page one.
Compared to 30,125 , it is. That's the mintage of the '95-W (If your question is about this 2019-S Eagle).
So my answer is no. It is lower, but far from low.
``https://ebay.us/m/KxolR5
Exactly. Low mintage does not necessarily mean rare