@blitzdude said:
I'll buy them in a year or a two at melt. Same as it alvvays was!!!!
My son's argument was the same. Buy low and sell high and then buy again when low.
He missed out on the CC and O because he was at school but snagged and sold the one tenth ounce gold two coin designer set for 1000$ along with all three each of his P, D & S Morgans for 175$ and the Peace dollars for 200$
Makes a whole lot of sense when viewed from an almost 17 year old's perspective.
@BStrauss3 said:
Does anyone remember the 1971 Brown Box Ikes at $10 each?... we were all going to get rich.
50 years later, they are finally selling for $11, above issue price!!!!!
Ikes have always been "sleepers". Forever. The most expensive regular issue Ike dollar to ever sell at auction that I could find (HA, Stacks, GC) went for about $25K. Most of the elite from the series trade in the $10K range. I would guess that Ikes are some of the least collected US coins.
Morgans, on the other hand, are arguably the most collected US coin by actual numismatists, second only to Lincoln cents collected by the wider population.
We are like children who look at print and see a serpent in the last letter but one, and a sword in the last. --Severian the Lame
@Overdate said:
It's too early to write off the 2021 Morgan/Peace dollars regarding their potential for appreciation. The 1995-W proof Silver Eagle was available for under $300 for months after the 30K mintage was announced. The 1991 bullion half-ounce Gold Eagle (mintage 24K) could easily be obtained for a long while for less than two hundred dollars above melt. Some coins are just late bloomers.
30,000 is not 875,000
The 1950-D nickel (mintage 2.6 million) traded for less than a quarter as late as 1956. My point is not the mintage, it's that the price of a coin shortly after its release may not reflect its true value down the road.
Comments
My son's argument was the same. Buy low and sell high and then buy again when low.
He missed out on the CC and O because he was at school but snagged and sold the one tenth ounce gold two coin designer set for 1000$ along with all three each of his P, D & S Morgans for 175$ and the Peace dollars for 200$
Makes a whole lot of sense when viewed from an almost 17 year old's perspective.
https://www.pcgs.com/setregistry/u-s-coins/quarters/PCGS-2020-quarter-quest/album/247091
Ikes have always been "sleepers". Forever. The most expensive regular issue Ike dollar to ever sell at auction that I could find (HA, Stacks, GC) went for about $25K. Most of the elite from the series trade in the $10K range. I would guess that Ikes are some of the least collected US coins.
Morgans, on the other hand, are arguably the most collected US coin by actual numismatists, second only to Lincoln cents collected by the wider population.
--Severian the Lame
The 1950-D nickel (mintage 2.6 million) traded for less than a quarter as late as 1956. My point is not the mintage, it's that the price of a coin shortly after its release may not reflect its true value down the road.
My Adolph A. Weinman signature
