Would rare coin market be worth more without US Mint products?
HoldTheMayo
Posts: 130 ✭✭✭
Hear me out, technically the US mint is the worlds largest coin dealer, and in away they should advance the hobby. But over the last 20 or 30 years, it seems to me many people buy US Mint products thinking they will go up and become a substantial investment for their family, and that hasn’t been the case. So my theory is many people have been put off buying coins or coin collectibles because of this.
Do you think pre-1930s silver/gold coins would be worth substantially more if the US Mint didn’t release so many commemoratives?
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Comments
No
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
Most people buy Mint coins knowing full well they are not likely to appreciate in dollar terms.
They do appreciate in non-monetary ways - the joys maintaining set completeness, the beauty of the designs and quality of the craftsmanship, displaying and discussing with other collectors and club members, etc.
But yes, one's classic coin budget is occasionally impacted by Mint purchases.
I think that with some exceptions, the rare coin market and the US Mint market aren't the same. Is there potential for the US Mint to capture more of the rare coin market, especially with creating modern versions of classic gold coins, absolutely.
No. The US Mint makes some really cool mistakes, err I mean products
They seem to keep dropping a larger bucket into a dryer well.
No. Because most collectors cannot afford the rare coin market regardless of mint products.
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
That’s a very valid point. Hard to have overlap with someone who buys a $100 commemorative vs a $1000 MS65
No
USM products strong part of coin collecting.
Maybe a bit, but not by a significant amount.
Could be worth less. How many people started with a proof set?
Could be worth more. If the money is destined for coins.
Could have no effect.
But why pick on the Mint? What about bullion? Would the taste coin market be worth more of bullion were illegal to own?
I wonder how many converts there would be versus change pickers
Wonder what is overlap... I don't buy moderns (except a few Ikes), and many people only buy mint products.
My speculation is that tighter supply of mint collectables would have little direct affect on classic collectors, but might affect the next generations.
One (modern market) leads to the other ( rare coin market).
And somewhere near there is a good hobby.
Nope. Huge net positive promoter of the hobby and link to precious metals and numismatics.
And vice versa.
The key is occasionally. Mine wasn't really impacted this year. I wanted to buy the 2021 Peace and Morgan dollars but missed out so zero impact
I think the US Mint is a huge bonus. They get a lot of people in the door.
I think the rare coin market would be worth a lot less without the US Mint.
No... They are separate fields. In fact, with some limited minting's, the Mint contributes (somewhat) to the rare coin market. For example, the 1995 W ASE. Cheers, RickO