@jmlanzaf said:
Gee...how HORRIBLE for a collector to have affordable gem uncs available!!!!!!!!!!!
Always being available is actually the reason I don't buy many of them. If they are always available, why buy one now when I can use my funds to buy something that isn't always available.
Here's one of mine which I paid quite a bit for. These may be going up
I personally have never purchased a coin for investment. I collect and purchase coins I like not the ones I’m told to collect for the future. Classic commems have some great art work.
I put together a 50 piece type set, but for these coins, they are not high grade. The range is MS-63 to 66. The ranks something like #55 on the NGC registry.
It pleases me as a collector because all of the designs are represented. I”m glad I didn’t buy higher grades because if I had, I would been further in the hole financially with that set.
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 ... ?
Sold out of mine ages ago. The civil war, Texas, and Oregon issues did the best for me in terms of getting my price.
I am not a buyer of common generic dollars at this time. Would not pay more than 50-75-100 for 63 thru 65. Sold out of them during 2019-20. Pops in tens of thousands lol.
So almost everyone is putting down commems because they didn't make them tons of money poo poo
But it seems the vast majority collect Morgan dollars................one design for all the years from 1878-1921, how boring!! Not to mention the tens of thousands of them out there.
Atleast with commems there are different designs, 50 piece type set and 50 different coins!
JMO, I like them, always have, always will. I believe everyone has a chance to revisit this set and still complete the 50 type set without doing a cash-out refi.
It pleases me as a collector because all of the designs are represented. I”m glad I didn’t buy higher grades because if I had, I would been further in the hole financially with that set.
True, but as a generalization, those of us who bought Commems over the past two to three years have not been hurt financially, as we derive pleasure and learn the fascinating history of these coins. Matter of fact, also as a generalization, prices are slightly higher now than two to three years ago. As such, let’s not discourage collectors from STARTING to buy Commems just because years ago prices were much higher than today.
A day without fine wine and working on your coin collection is like a day without sunshine!!!
It pleases me as a collector because all of the designs are represented. I”m glad I didn’t buy higher grades because if I had, I would been further in the hole financially with that set.
True, but as a generalization, those of us who bought Commems over the past two to three years have not been hurt financially, as we derive pleasure and learn the fascinating history of these coins. Matter of fact, also as a generalization, prices are slightly higher now than two to three years ago. As such, let’s not discourage collectors from STARTING to buy Commems just because years ago prices were much higher than today.
Prices today are much lower than they were 10+ years ago, and WAY LOWER than they were 30+ years ago. I have a very nice, but not colorful, Antietam, with original surfaces, in MS-66 for which I paid $850. The collector, who owned it before I did, bought it in 1989 for $1,600.
I like the coin because of the reverse design, but it’s still a burial.
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 ... ?
As noted in my comment just above, I fully agreed with you that prices today are much lower than they were many years ago. My point is as a generalization they are not lower today than two to three years ago, and in many cases, are now somewhat higher today than two to three years ago. As such, let’s not discourage collectors from buying Commems at todays prices, simply because todays prices are lower than they were 10 or 30 years ago.
Using YOUR example (which makes my point), the PCGS Price Guide has an ms66 Antietam at $650 2-1/2 years ago, and $700 today. I’m not suggesting these make great investments, but Commem prices today as a generalization have held their own over the past two to three years. As such, for those looking to get the pleasure out of buying Classic Silver Commems now, they should do so.
A day without fine wine and working on your coin collection is like a day without sunshine!!!
The classically popular ones like the Pan-Pacs will always attract strong interest. I'd guess that the registry set high grade commemoratives have maintained their value.
@logger7 said:
The classically popular ones like the Pan-Pacs will always attract strong interest. I'd guess that the registry set high grade commemoratives have maintained their value.
It depends on your time frame but, as @winesteven noted, if going back 10+ years, you would be very much mistaken. However, I agree that it seems the prices hit/neared a floor and so it seems (to me at least) a very appealing time to build a collection of mostly beautiful and unique coins at a fairly reasonable price. I like Morgans and I have a few, but they are all the same design...for the price and enjpyment, I would rather own a full 50 coin type set in MS65 rather than, say for example, one 1889-CC Morgan in MS60.
@Kove said:
A 1992 MS65 is not the same as a 2020 MS65, making apples to apples price comparisons tough. Standards changed the most at the upper end of the scale, MS 66 and higher.
Further complicating things, grading on some commems changed more than others. For example, the silver Sequim has really loosened in 65 and higher.
Gettysburg and Antietam have always been among the easiest commems to sell.
Good point.
Most 65’s from that era would easily grade 66+ or higher today.
Gradeflation over the last few years has been absolutely absurd. I keep wondering where it’s going to stop.
@FranklinHalfAddict said:
Most 65’s from that era would easily grade 66+ or higher today.
Gradeflation over the last few years has been absolutely absurd. I keep wondering where it’s going to stop.
My sense is while we've went through "gradeflation", things seem to have stabilized and tightened somewhat over the past few years. Naturally, there will always be exceptions one can find.
Steve
A day without fine wine and working on your coin collection is like a day without sunshine!!!
One factor that may be helping commemoratives today is the population growth of graded coins may be stabilizing. The 1939 is the key PDS set among the very popular Oregon group of coins. Out of 3004 coins minted, 2145 (71%) have been graded so far by PCGS and NGC. There are 60 of the MS67s with CACs.
Out of sight, out of mind. IMO what it boils down to is that there aren't enough classic commems to promote effectively and prices will not rise again unless someone starts doing so. BTW as you all know, the 80s pump and dump period wasn't just limited to these.
@DisneyFan said:
One factor that may be helping commemoratives today is the population growth of graded coins may be stabilizing. The 1939 is the key PDS set among the very popular Oregon group of coins. Out of 3004 coins minted, 2145 (71%) have been graded so far by PCGS and NGC. There are 60 of the MS67s with CACs.
Let me know when the graded numbers are higher than the mintage. 🤔
Q: When does a collector become a numismatist?
A: The year they spend more on their library than their coin collection.
A numismatist is judged more on the content of their library than the content of their cabinet.
@winesteven said:
As such, for those looking to get the pleasure out of buying Classic Silver Commems now, they should do so.
After reading posts here for a while, it would appear the only pleasure that matters to some is being able to sell a coin for more than they paid.
Explaining to your better half that you've lost money is even worse.
How much income do your better half's hobbies generate?
Nice try. Unfortunately, her dad died young and she only had one doll while growing up. She does not spend money on hobbies. Money is to be saved or invested for our old age.
Nice try. Unfortunately, her dad died young and she only had one doll while growing up. She does not spend money on hobbies. Money is to be saved or invested for our old age.
Sad story. Also pretty depressing. Being prudent is important but I have many clients like that who are so focused on the future, the what-if, the worst case scenario that they forget to live life and take pleasure in the present. Will she spend money on a vacation? A nice meal out?
Not intending any character assassination, I'm sure she is a lovely person. Just always curious about the mindset.
Nice try. Unfortunately, her dad died young and she only had one doll while growing up. She does not spend money on hobbies. Money is to be saved or invested for our old age.
Sad story. Also pretty depressing. Being prudent is important but I have many clients like that who are so focused on the future, the what-if, the worst case scenario that they forget to live life and take pleasure in the present. Will she spend money on a vacation? A nice meal out?
Not to worry - As Benjamin Graham said (Warren Buffett's mentor) in his "Memoirs." "Living well within one's means is the most brilliant financial strategy."
Comments
I sure like the Oregon and a few others...the lighting is not great for this picture but:
I personally have never purchased a coin for investment. I collect and purchase coins I like not the ones I’m told to collect for the future. Classic commems have some great art work.
Lafayette Grading Set
I actually like some of these and bought a few... My favorites are the Isabella quarter & Lafayette dollar which I currently have.
I put together a 50 piece type set, but for these coins, they are not high grade. The range is MS-63 to 66. The ranks something like #55 on the NGC registry.
It pleases me as a collector because all of the designs are represented. I”m glad I didn’t buy higher grades because if I had, I would been further in the hole financially with that set.
Sold out of mine ages ago. The civil war, Texas, and Oregon issues did the best for me in terms of getting my price.
I am not a buyer of common generic dollars at this time. Would not pay more than 50-75-100 for 63 thru 65. Sold out of them during 2019-20. Pops in tens of thousands lol.
So almost everyone is putting down commems because they didn't make them tons of money poo poo
But it seems the vast majority collect Morgan dollars................one design for all the years from 1878-1921, how boring!! Not to mention the tens of thousands of them out there.
Atleast with commems there are different designs, 50 piece type set and 50 different coins!
JMO, I like them, always have, always will. I believe everyone has a chance to revisit this set and still complete the 50 type set without doing a cash-out refi.
Mike
My Indians
Danco Set
True, but as a generalization, those of us who bought Commems over the past two to three years have not been hurt financially, as we derive pleasure and learn the fascinating history of these coins. Matter of fact, also as a generalization, prices are slightly higher now than two to three years ago. As such, let’s not discourage collectors from STARTING to buy Commems just because years ago prices were much higher than today.
My collecting “Pride & Joy” is my PCGS Registry Dansco 7070 Set:
https://www.pcgs.com/setregistry/type-sets/design-type-sets/complete-dansco-7070-modified-type-set-1796-date/publishedset/213996
Prices today are much lower than they were 10+ years ago, and WAY LOWER than they were 30+ years ago. I have a very nice, but not colorful, Antietam, with original surfaces, in MS-66 for which I paid $850. The collector, who owned it before I did, bought it in 1989 for $1,600.
I like the coin because of the reverse design, but it’s still a burial.
As noted in my comment just above, I fully agreed with you that prices today are much lower than they were many years ago. My point is as a generalization they are not lower today than two to three years ago, and in many cases, are now somewhat higher today than two to three years ago. As such, let’s not discourage collectors from buying Commems at todays prices, simply because todays prices are lower than they were 10 or 30 years ago.
Using YOUR example (which makes my point), the PCGS Price Guide has an ms66 Antietam at $650 2-1/2 years ago, and $700 today. I’m not suggesting these make great investments, but Commem prices today as a generalization have held their own over the past two to three years. As such, for those looking to get the pleasure out of buying Classic Silver Commems now, they should do so.
My collecting “Pride & Joy” is my PCGS Registry Dansco 7070 Set:
https://www.pcgs.com/setregistry/type-sets/design-type-sets/complete-dansco-7070-modified-type-set-1796-date/publishedset/213996
The classically popular ones like the Pan-Pacs will always attract strong interest. I'd guess that the registry set high grade commemoratives have maintained their value.
It depends on your time frame but, as @winesteven noted, if going back 10+ years, you would be very much mistaken. However, I agree that it seems the prices hit/neared a floor and so it seems (to me at least) a very appealing time to build a collection of mostly beautiful and unique coins at a fairly reasonable price. I like Morgans and I have a few, but they are all the same design...for the price and enjpyment, I would rather own a full 50 coin type set in MS65 rather than, say for example, one 1889-CC Morgan in MS60.
chopmarkedtradedollars.com
Just for fun.
Good point.
Most 65’s from that era would easily grade 66+ or higher today.
Gradeflation over the last few years has been absolutely absurd. I keep wondering where it’s going to stop.
My sense is while we've went through "gradeflation", things seem to have stabilized and tightened somewhat over the past few years. Naturally, there will always be exceptions one can find.
Steve
My collecting “Pride & Joy” is my PCGS Registry Dansco 7070 Set:
https://www.pcgs.com/setregistry/type-sets/design-type-sets/complete-dansco-7070-modified-type-set-1796-date/publishedset/213996
After reading posts here for a while, it would appear the only pleasure that matters to some is being able to sell a coin for more than they paid.
If the bubble bursts there will be wailing and gnashing of teeth...
Explaining to your better half that you've lost money is even worse.
One factor that may be helping commemoratives today is the population growth of graded coins may be stabilizing. The 1939 is the key PDS set among the very popular Oregon group of coins. Out of 3004 coins minted, 2145 (71%) have been graded so far by PCGS and NGC. There are 60 of the MS67s with CACs.
Out of sight, out of mind. IMO what it boils down to is that there aren't enough classic commems to promote effectively and prices will not rise again unless someone starts doing so. BTW as you all know, the 80s pump and dump period wasn't just limited to these.
RIP Mom- 1932-2012
Let me know when the graded numbers are higher than the mintage. 🤔
A: The year they spend more on their library than their coin collection.
A numismatist is judged more on the content of their library than the content of their cabinet.
How much income do your better half's hobbies generate?
Nice try. Unfortunately, her dad died young and she only had one doll while growing up. She does not spend money on hobbies. Money is to be saved or invested for our old age.
Her hobby could be investing
Wait a minute... can't coins be a form of investing?
I hope your coin investments work out.
Sure they can. So can beanie babies.
Sad story. Also pretty depressing. Being prudent is important but I have many clients like that who are so focused on the future, the what-if, the worst case scenario that they forget to live life and take pleasure in the present. Will she spend money on a vacation? A nice meal out?
Not intending any character assassination, I'm sure she is a lovely person. Just always curious about the mindset.
chopmarkedtradedollars.com
Classic Commems a super deal vs the run up Generic Dollars.
For me it’s all cost plus relative.
Not to worry - As Benjamin Graham said (Warren Buffett's mentor) in his "Memoirs." "Living well within one's means is the most brilliant financial strategy."
It’s a shame and makes no sense to me. They much lower pop than generic dollars.