The Decline of the Classic US Commemorative
I have read over the past several years a number of posts commenting about price declines for the 1892-1954 silver commemoratives. But I hadn't realized just how large the values had gone down. I have two Red Books, one from 1992 I had for many years and one from 2020 I just bought at a library book sale. On a lark, I decided to compare MS 65 pricing for the 50 types and was amazed at how much they had dropped during that 28 year period. Overall, if you purchased the 50 coins in 1992, you would have lost 68% of your money by 2020, much more if you factor in inflation ($100 in 1992 = $193 in 2020). Not a single coin went up. The two Civil War memorials were the best: the Gettyburg going from $1,100 to $775 and the Antietam from $725 to $600 (the smallest reduction of all 50). Your $3800 investment in an MS 65 Columbian (either year) would have valued at $310 in 2020, a 92% loss! Only 13 of the 50 types were able to hold on to even 50% of their worth over that period.
I know the pricing in the Red Book hasn't always been indicative of actual retail, and perhaps the 2020 Redbook is closer to real world pricing (I am pretty much a non-US collector, so am not as knowledgeable here as many of you). But these data make me wonder if there are some bargains to be had? Or, is it going to get worse? Heritage's forthcoming sale may tell us something.
I have attached the chart I created, for what it is worth...