@JeffM said:
I wonder what the future holds for these coins. Different mint marks? Enhanced uncirculated? Burnished? Only time will tell, I guess.
I don't really care about additional MM. I would like to see the mint produce finishes (dies) that give the fields some luster. ....like Dan Carr's pieces...
Um, when was that 2022 Morgan issued?? Sure looks like a real coin to me, down to the one dollar face value. How can this be issued when there were no coins in 2022?
The label plainly states overstruck (O/S) on a USA 1878-1921 $.
Perhaps @dcarr can step in and clarify some issues for those unfamiliar with his work.
I once met him(Daniel Carr) in 2008, at the Baltimore ANA, and we had a very nice chat.
I will say this about the man, it's seldom you find a famous design artist that can run heavy cast iron, three phase electric production machinery. He designed both the Rhode Island and New York state quarters for the U.S. Mint.
Here's a pic of his ingot rolling mill.....~1895.
And then here is a pic of his Grabener Coin Press he acquired in 2007.
~7½ tons and can stamp nearly 10,000 strikes/hour.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
The label plainly states overstruck (O/S) on a USA 1878-1921 $.
If memory serves me correctly, Dan waited until after 2022 to release his Morgan and Peace dollars to avoid running afoul of the law in the event the Mint did a late release.
You mention that they are overstruck which adds the differentiating characteristics of composition of content and weight in relation to the modern issues.
Thanks for the reminder and cheers.
@JeffM said:
I wonder what the future holds for these coins. Different mint marks? Enhanced uncirculated? Burnished? Only time will tell, I guess.
I don't really care about additional MM. I would like to see the mint produce finishes (dies) that give the fields some luster. ....like Dan Carr's pieces...
Um, when was that 2022 Morgan issued?? Sure looks like a real coin to me, down to the one dollar face value. How can this be issued when there were no coins in 2022?
It's Dan Carr, he makes tokens, they are not authentic dollars from the mint. I don't know much more about his tokens then that though.
Interesting. I believe it's against the law to exactly replicate a coin. There needs to be differences, some markings or whatever. Plus, the dollar value can't be on it, meaning that it has the equivalent of U.S. currency. I wonder how he does this?
There were no US Morgan or Peace dollars issued in 2022. There is no coin replication if there is no coin in 2022 to replicate.
Steve Palladino - Ike Group member - DIVa (Designated Ike Varieties) Project co-lead and attributor
Interesting. I believe it's against the law to exactly replicate a coin. There needs to be differences, some markings or whatever. Plus, the dollar value can't be on it, meaning that it has the equivalent of U.S. currency. I wonder how he does this?
Coins like this are and can be made when it is not an actual issued coin. Like there are no US Mint 2022 Morgans, no 1964 peace dollar, and so on.
We're not so forgiving when the Chinese do it...
Ahhh, but the Chinese products are typically date and MM issues that were actually released by the mint...with likely intention to deceive.....there is a difference between counterfeit and fantasy tokens.
Steve Palladino - Ike Group member - DIVa (Designated Ike Varieties) Project co-lead and attributor
The label plainly states overstruck (O/S) on a USA 1878-1921 $.
If memory serves me correctly, Dan waited until after 2022 to release his Morgan and Peace dollars to avoid running afoul of the law in the event the Mint did a late release.
You mention that they are overstruck which adds the differentiating characteristics of composition of content and weight in relation to the modern issues.
Thanks for the reminder and cheers.
Yes! Specifically, he did not not pull the trigger on his 2022 fantasy Morgan and Peace overstrikes until 2022 had passed without the mint having produced a 2022 Morgan or Peace product. Mr Carr's production of 2022 fantasy Morgan and Peace overstrikes was not until January 2023.
Steve Palladino - Ike Group member - DIVa (Designated Ike Varieties) Project co-lead and attributor
I did not intend to side track the thread, but instead was merely offering an example of the finish quality with field luster that I hope the mint will consider at some point in the future for their Morgan and Peace products. The example was also posted to demonstrate that it can be done in modern times, if the mint had the inclination. If not routinely, then for at least one future issue.
Back to the topic....
Steve Palladino - Ike Group member - DIVa (Designated Ike Varieties) Project co-lead and attributor
@SPalladino
Speaking about the topic, thanks so much for your continued updates on the 2023 subscription numbers.
It really helped me out with adjusting my orders.
@JeffM said:
I wonder what the future holds for these coins. Different mint marks? Enhanced uncirculated? Burnished? Only time will tell, I guess.
I don't really care about additional MM. I would like to see the mint produce finishes (dies) that give the fields some luster. ....like Dan Carr's pieces...
Um, when was that 2022 Morgan issued?? Sure looks like a real coin to me, down to the one dollar face value. How can this be issued when there were no coins in 2022?
It's Dan Carr, he makes tokens, they are not authentic dollars from the mint. I don't know much more about his tokens then that though.
Interesting. I believe it's against the law to exactly replicate a coin. There needs to be differences, some markings or whatever. Plus, the dollar value can't be on it, meaning that it has the equivalent of U.S. currency. I wonder how he does this?
There were no US Morgan or Peace dollars issued in 2022. There is no coin replication if there is no coin in 2022 to replicate.
So, hypothetically, I could make 1913 Liberty Nickels by overstriking Jefferson nickels? Asking for a friend...
Interesting...so I'm assuming that the "overstrike" process is significantly improving the finished surface and design elements...because no way did those tokens start out as MS70 coins?
@SPalladino said:
There were no US Morgan or Peace dollars issued in 2022. There is no coin replication if there is no coin in 2022 to replicate.
So, hypothetically, I could make 1913 Liberty Nickels by overstriking Jefferson nickels? Asking for a friend...
I don't know what your production capabilities are , but if you did produce a exact replica of a 1913 Liberty Nickel by overstriking a Jefferson nickel, that would be considered, IMO, counterfeit (especially if being passed as the real thing - deception), rather than a fantasy token, given that five 1913 Liberty Nickels were released from the US Mint, of which three are PCGS graded (unless you also struck "copy" into the product). https://www.pcgs.com/coinfacts/coin/1913-5c-liberty/3912
In contrast, there were no US Morgan or Peace dollars issued in 2022. Consequently, if you produced an overstrike 2022-dated Morgan or Peace dollar, you would be producing a fantasy token, IMO.
Note: the above response is my own opinion, in response to a hypothetical question.
Or, as I previously replied to a different comment:
Ahhh, but the Chinese products are typically date and MM issues that were actually released by the mint...with likely intention to deceive.....there is a difference between counterfeit and fantasy tokens.
Steve Palladino - Ike Group member - DIVa (Designated Ike Varieties) Project co-lead and attributor
@RichR said:
Interesting...so I'm assuming that the "overstrike" process is significantly improving the finished surface and design elements...because no way did those tokens start out as MS70 coins?
Unless there are deep gouges in the host coin, the overstrike process with fresh dies and sufficient coin press pressure, can produce surfaces that could grade higher than the host coin. Example: I have what was once a VF20 Details 1872 Seated Liberty dollar that is now a MS70 1874-CC Seated Liberty fantasy token.
.
Also keep in mind that raw planchets used in the production of standard mint coinage may not necessarily have "70' surfaces, but may, in fact, have "70" surfaces after the striking process.
Steve Palladino - Ike Group member - DIVa (Designated Ike Varieties) Project co-lead and attributor
@SPalladino said:
There were no US Morgan or Peace dollars issued in 2022. There is no coin replication if there is no coin in 2022 to replicate.
So, hypothetically, I could make 1913 Liberty Nickels by overstriking Jefferson nickels? Asking for a friend...
I don't know what your production capabilities are , but if you did produce a exact replica of a 1913 Liberty Nickel by overstriking a Jefferson nickel, that would be considered, IMO, counterfeit (especially if being passed as the real thing - deception), rather than a fantasy token, given that five 1913 Liberty Nickels were released from the US Mint, of which three are PCGS graded (unless you also struck "copy" into the product). https://www.pcgs.com/coinfacts/coin/1913-5c-liberty/3912
In contrast, there were no US Morgan or Peace dollars issued in 2022. Consequently, if you produced an overstrike 2022-dated Morgan or Peace dollar, you would be producing a fantasy token, IMO.
Note: the above response is my own opinion, in response to a hypothetical question.
Or, as I previously replied to a different comment:
Ahhh, but the Chinese products are typically date and MM issues that were actually released by the mint...with likely intention to deceive.....there is a difference between counterfeit and fantasy tokens.
Except the Mint did NOT release 5 1913 Liberty nickels...
And how would I know the 2022 Morgan isn't a rare trial strike or pattern coin...
@Goldminers said:
That is getting a lot of crazy high bids for a piece of paper with a signature and a cardboard box lid. Oh, and the $10.92 shipping is extra. LOL
Yes, it is! I, myself, put in a bid of $500 a couple weeks ago for a lunch bag once used by Ventris Gibson. I did not win the item and haven't slept since!
Re the fire sale clearance prices by some...as a holder of many proof sets from the '70s and '80s (all in OGP and shipping boxes)...I don't feel compelled to throw stuff out the window at flea market prices...
Interesting. I believe it's against the law to exactly replicate a coin. There needs to be differences, some markings or whatever. Plus, the dollar value can't be on it, meaning that it has the equivalent of U.S. currency. I wonder how he does this?
Coins like this are and can be made when it is not an actual issued coin. Like there are no US Mint 2022 Morgans, no 1964 peace dollar, and so on.
We're not so forgiving when the Chinese do it...
Ahhh, but the Chinese products are typically date and MM issues that were actually released by the mint...with likely intention to deceive.....there is a difference between counterfeit and fantasy tokens.
Not only that, but Chinese fakes are made with base metal, no silver or gold.
@Goldminers said:
That is getting a lot of crazy high bids for a piece of paper with a signature and a cardboard box lid. Oh, and the $10.92 shipping is extra. LOL
Yes, it is! I, myself, put in a bid of $500 a couple weeks ago for a lunch bag once used by Ventris Gibson. I did not win the item and haven't slept since!
@Bullsitter said:
5 days to go.....SAY WHAT?
$10.92 shipping...
.
That's crazy money. Better put my signed DSCOA in the safe.
😮😮
Especially since it cannot be encapsulated with a special label
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
@Goldminers said:
That is getting a lot of crazy high bids for a piece of paper with a signature and a cardboard box lid. Oh, and the $10.92 shipping is extra. LOL
Yes, it is! I, myself, put in a bid of $500 a couple weeks ago for a lunch bag once used by Ventris Gibson. I did not win the item and haven't slept since!
A couple of out the ordinary occurrences today on the mint subscriptions page:
1) It appears that the page source -> subscription stocklevel may be back to updating in realtime. Until today, it would update only every 12 or 24 hours. Perhaps this new updating rate will also be seen on the sales page on release day (like they used to do prior to 2023)?
2) As occasionally happens, the mint does data housekeeping - this time with the Peace proof subscriptions available. There was a big overnight drop, more likely due to mint accounting than actual new subscriptions.
.
Steve Palladino - Ike Group member - DIVa (Designated Ike Varieties) Project co-lead and attributor
As mentioned the mint is sending out emails preparing for the next release. Soooo
Decisions decisions.
I’m dialing down to one each.
If 275,000 dropped the value to dang near release price. Imagine how 400,000 will do. I’ll get one each.
Now perhaps I’ll keep the 2 for the reverse proof set. Thanks 🙏
@Bullsitter said:
5 days to go.....SAY WHAT?
$10.92 shipping...
.
That's crazy money. Better put my signed DSCOA in the safe.
😮😮
Especially since it cannot be encapsulated with a special label
Am I sensing some sarcasm here?
Simply pointing out that the high bidding is on a loose coin accompanied with a loose special certificate. While the coin can be graded/encapsulated with a normal label, the certificate, because it can no longer be submitted in a sealed mint box, is simply just another US Mint piece of paper. Regardless of the fact that there are only two hundred out there their value is being greatly over estimated per the ebay bids. After all, subtract $100 from the bidding for the value of the coin, is that piece of paper worth the bidding? LOL
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
@Bullsitter said:
5 days to go.....SAY WHAT?
$10.92 shipping...
.
That's crazy money. Better put my signed DSCOA in the safe.
😮😮
Especially since it cannot be encapsulated with a special label
Am I sensing some sarcasm here?
Simply pointing out that the high bidding is on a loose coin accompanied with a loose special certificate. While the coin can be graded/encapsulated with a normal label, the certificate, because it can no longer be submitted in a sealed mint box, is simply just another US Mint piece of paper. Regardless of the fact that there are only two hundred out there their value is being greatly over estimated per the ebay bids. After all, subtract $100 from the bidding for the value of the coin, is that piece of paper worth the bidding? LOL
Rarity makes people do silly things... It is technically a rarity regardless if it can be specially encapsulated. It's far more value than I would personally put on it... But what is something worth? Whatever someone will pay for it. Whoever wins may never get their money back out but they may be happy knowing they have one of only 200 signed cards. 🤷
@Bullsitter said:
5 days to go.....SAY WHAT?
$10.92 shipping...
.
That's crazy money. Better put my signed DSCOA in the safe.
😮😮
Especially since it cannot be encapsulated with a special label
Am I sensing some sarcasm here?
Simply pointing out that the high bidding is on a loose coin accompanied with a loose special certificate. While the coin can be graded/encapsulated with a normal label, the certificate, because it can no longer be submitted in a sealed mint box, is simply just another US Mint piece of paper. Regardless of the fact that there are only two hundred out there their value is being greatly over estimated per the ebay bids. After all, subtract $100 from the bidding for the value of the coin, is that piece of paper worth the bidding? LOL
Rarity makes people do silly things... It is technically a rarity regardless if it can be specially encapsulated. It's far more value than I would personally put on it... But what is something worth? Whatever someone will pay for it. Whoever wins may never get their money back out but they may be happy knowing they have one of only 200 signed cards. 🤷
And how long before more than 200 are out there? An amateur could likely counterfeit them. IMHO without encapsulation and certification they have no added value.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Simply pointing out that the high bidding is on a loose coin accompanied with a loose special certificate. While the coin can be graded/encapsulated with a normal label, the certificate, because it can no longer be submitted in a sealed mint box, is simply just another US Mint piece of paper. Regardless of the fact that there are only two hundred out there their value is being greatly over estimated per the ebay bids. After all, subtract $100 from the bidding for the value of the coin, is that piece of paper worth the bidding? LOL
People collect what they like and put their value on it. I am sure there are hundreds of millions of people out there that believe what you collect is not worth what you paid for it .
To each his own.
" If you push something hard enough, it will fall over. " The 1st Law of Opposition from The Firesign Theater
And how long before more than 200 are out there? An amateur could likely counterfeit them. IMHO without encapsulation and certification they have no added value.
Anything can be counterfeited if just the possibility of that is a deciding factor we should give up collecting everything. Due diligence and buyer beware apples to all and there are many ways to determine the integrity of the seller and his products
" If you push something hard enough, it will fall over. " The 1st Law of Opposition from The Firesign Theater
Simply pointing out that the high bidding is on a loose coin accompanied with a loose special certificate. While the coin can be graded/encapsulated with a normal label, the certificate, because it can no longer be submitted in a sealed mint box, is simply just another US Mint piece of paper. Regardless of the fact that there are only two hundred out there their value is being greatly over estimated per the ebay bids. After all, subtract $100 from the bidding for the value of the coin, is that piece of paper worth the bidding? LOL
People collect what they like and put their value on it. I am sure there are hundreds of millions of people out there that believe what you collect is not worth what you paid for it .
To each his own.
While there are many that collect special slab labels, I don't know any coin collectors who also collect modern mint COAs.
What we are seeing is a feeding frenzy on what will turn out to be tulip mania. likely most secondary market buyers are expecting a profitable flip opportunity. Not a bet I would take. While a novelty to own, I find it hard to believe that a serious coin collector would put such value on this particular piece of paper.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Well. Perhaps we should discuss the ase’s from a couple years back. At over $1200+. Certified $2000? How much is the ase and how much is the certificate. Those required a sealed box. No? Thanks 🙏
there is no fair value comparison to a certified special COA and a loose one that can no longer become certified.
But hey, to those that are willing to pay moon money for the loose one, knock yourselves out.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
@Goldbully said:
Perhaps @dcarr can step in and clarify some issues for those unfamiliar with his work.
I once met him(Daniel Carr) in 2008, at the Baltimore ANA, and we had a very nice chat.
I will say this about the man, it's seldom you find a famous design artist that can run heavy cast iron, three phase electric production machinery. He designed both the Rhode Island and New York state quarters for the U.S. Mint.
Here's a pic of his ingot rolling mill.....~1895.
And then here is a pic of his Grabener Coin Press he acquired in 2007.
~7½ tons and can stamp nearly 10,000 strikes/hour.
@derryb said:
there is no fair value comparison to a certified special COA and a loose one that can no longer become certified.
But hey, to those that are willing to pay moon money for the loose one, knock yourselves out.
Being certified is far from being the HOLY GRAIL in value in many collectors eyes.
" If you push something hard enough, it will fall over. " The 1st Law of Opposition from The Firesign Theater
@derryb said:
there is no fair value comparison to a certified special COA and a loose one that can no longer become certified.
But hey, to those that are willing to pay moon money for the loose one, knock yourselves out.
Being certified is far from being the HOLY GRAIL in value in many collectors eyes.
looking at ebay numbers the loose once appear to be the holy grail. Prices over time will fall like a rock.
Anyone here collecting losing tickets on the recent $1B Powerball?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Comments
I wouldn’t care if someone in China were to make tokens in a similar fashion and added truthful disclaimers to the context of their listing.
The label plainly states overstruck (O/S) on a USA 1878-1921 $.
Perhaps @dcarr can step in and clarify some issues for those unfamiliar with his work.
I once met him(Daniel Carr) in 2008, at the Baltimore ANA, and we had a very nice chat.
I will say this about the man, it's seldom you find a famous design artist that can run heavy cast iron, three phase electric production machinery. He designed both the Rhode Island and New York state quarters for the U.S. Mint.
Here's a pic of his ingot rolling mill.....~1895.
And then here is a pic of his Grabener Coin Press he acquired in 2007.
~7½ tons and can stamp nearly 10,000 strikes/hour.
Dude is a legend in the coin world.
ps. Got the images and specs from Moonlight Mint
my favorite Carr Coin:
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
If memory serves me correctly, Dan waited until after 2022 to release his Morgan and Peace dollars to avoid running afoul of the law in the event the Mint did a late release.
You mention that they are overstruck which adds the differentiating characteristics of composition of content and weight in relation to the modern issues.
Thanks for the reminder and cheers.
There were no US Morgan or Peace dollars issued in 2022. There is no coin replication if there is no coin in 2022 to replicate.
- Ike Group member
- DIVa (Designated Ike Varieties) Project co-lead and attributor
Ahhh, but the Chinese products are typically date and MM issues that were actually released by the mint...with likely intention to deceive.....there is a difference between counterfeit and fantasy tokens.
- Ike Group member
- DIVa (Designated Ike Varieties) Project co-lead and attributor
Yes! Specifically, he did not not pull the trigger on his 2022 fantasy Morgan and Peace overstrikes until 2022 had passed without the mint having produced a 2022 Morgan or Peace product. Mr Carr's production of 2022 fantasy Morgan and Peace overstrikes was not until January 2023.
- Ike Group member
- DIVa (Designated Ike Varieties) Project co-lead and attributor
I did not intend to side track the thread, but instead was merely offering an example of the finish quality with field luster that I hope the mint will consider at some point in the future for their Morgan and Peace products. The example was also posted to demonstrate that it can be done in modern times, if the mint had the inclination. If not routinely, then for at least one future issue.
Back to the topic....
- Ike Group member
- DIVa (Designated Ike Varieties) Project co-lead and attributor
@SPalladino
Speaking about the topic, thanks so much for your continued updates on the 2023 subscription numbers.
It really helped me out with adjusting my orders.
You might not but the old Asian fakes were often impossible date mint mark combinations but I've never heard anyone embrace them.
So, hypothetically, I could make 1913 Liberty Nickels by overstriking Jefferson nickels? Asking for a friend...
Interesting...so I'm assuming that the "overstrike" process is significantly improving the finished surface and design elements...because no way did those tokens start out as MS70 coins?
I don't know what your production capabilities are
, but if you did produce a exact replica of a 1913 Liberty Nickel by overstriking a Jefferson nickel, that would be considered, IMO, counterfeit (especially if being passed as the real thing - deception), rather than a fantasy token, given that five 1913 Liberty Nickels were released from the US Mint, of which three are PCGS graded (unless you also struck "copy" into the product). https://www.pcgs.com/coinfacts/coin/1913-5c-liberty/3912
In contrast, there were no US Morgan or Peace dollars issued in 2022. Consequently, if you produced an overstrike 2022-dated Morgan or Peace dollar, you would be producing a fantasy token, IMO.
Note: the above response is my own opinion, in response to a hypothetical question.
Or, as I previously replied to a different comment:
- Ike Group member
- DIVa (Designated Ike Varieties) Project co-lead and attributor
Unless there are deep gouges in the host coin, the overstrike process with fresh dies and sufficient coin press pressure, can produce surfaces that could grade higher than the host coin. Example: I have what was once a VF20 Details 1872 Seated Liberty dollar that is now a MS70 1874-CC Seated Liberty fantasy token.
.
Also keep in mind that raw planchets used in the production of standard mint coinage may not necessarily have "70' surfaces, but may, in fact, have "70" surfaces after the striking process.
- Ike Group member
- DIVa (Designated Ike Varieties) Project co-lead and attributor
Back to the topic.
AVCCOINS TV program offering NGC X 10 Morgans and Peace for $199 each.
5 days to go.....SAY WHAT?
$10.92 shipping...
.
Nice. If you can get it. 2019 S enhanced ase. Way over a thousand. Who knows. Not for me. Thanks 🙏
🎶 shout shout, let it all out 🎶
That's crazy money. Better put my signed DSCOA in the safe.
😮😮
This morning, Morgan $ up for 2 minutes.
Peace $ up for 3.
That is getting a lot of crazy high bids for a piece of paper with a signature and a cardboard box lid. Oh, and the $10.92 shipping is extra. LOL
My US Mint Commemorative Medal Set
Except the Mint did NOT release 5 1913 Liberty nickels...
And how would I know the 2022 Morgan isn't a rare trial strike or pattern coin...
Down around $90 on ebay with some even lower results.
Yes, it is! I, myself, put in a bid of $500 a couple weeks ago for a lunch bag once used by Ventris Gibson. I did not win the item and haven't slept since!
Re the fire sale clearance prices by some...as a holder of many proof sets from the '70s and '80s (all in OGP and shipping boxes)...I don't feel compelled to throw stuff out the window at flea market prices...
...but then again, maybe I'm doing it wrong?
Just got an email from the US Mint to verify my info for the proof Morgan and Peace dollars.
Yes can you all get off the usmint site so I can update my details? 🤣
https://www.the4thcoin.com
https://www.ebay.com/str/thefourthcoin
Not only that, but Chinese fakes are made with base metal, no silver or gold.
- Bob -
MPL's - Lincolns of Color
Central Valley Roosevelts
How does one establish provenance?
Especially since it cannot be encapsulated with a special label
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
It comes with an autographed napkin.
Am I sensing some sarcasm here?
I just hope the Mint does a better job on their next secret promo.
If they're going to make a special COA, then make that coin special too and not look like all the others in the bunch.
edited to add: I wonder how many uninformed collectors didn't even notice the special COA?
A couple of out the ordinary occurrences today on the mint subscriptions page:
1) It appears that the page source -> subscription stocklevel may be back to updating in realtime. Until today, it would update only every 12 or 24 hours. Perhaps this new updating rate will also be seen on the sales page on release day (like they used to do prior to 2023)?
2) As occasionally happens, the mint does data housekeeping - this time with the Peace proof subscriptions available. There was a big overnight drop, more likely due to mint accounting than actual new subscriptions.
.
- Ike Group member
- DIVa (Designated Ike Varieties) Project co-lead and attributor
As mentioned the mint is sending out emails preparing for the next release. Soooo
Decisions decisions.
I’m dialing down to one each.
If 275,000 dropped the value to dang near release price. Imagine how 400,000 will do. I’ll get one each.
Now perhaps I’ll keep the 2 for the reverse proof set. Thanks 🙏
🎶 shout shout, let it all out 🎶
I can honestly say, that's a good thing.
Got to give the Mint credit where it's due.
Two coin reverse proof subscriptions are open again
Get them while you can
Still available at 2:10 PM eastern
I just adjusted my order to 4 of each proof...that's a nice round number.
And I may adjust the RP sets upward a bit.
After a run of nearly 40 years, I just find these coins more compelling than the silver Eagles.
Simply pointing out that the high bidding is on a loose coin accompanied with a loose special certificate. While the coin can be graded/encapsulated with a normal label, the certificate, because it can no longer be submitted in a sealed mint box, is simply just another US Mint piece of paper. Regardless of the fact that there are only two hundred out there their value is being greatly over estimated per the ebay bids. After all, subtract $100 from the bidding for the value of the coin, is that piece of paper worth the bidding? LOL
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Rarity makes people do silly things... It is technically a rarity regardless if it can be specially encapsulated. It's far more value than I would personally put on it... But what is something worth? Whatever someone will pay for it. Whoever wins may never get their money back out but they may be happy knowing they have one of only 200 signed cards. 🤷
https://www.the4thcoin.com
https://www.ebay.com/str/thefourthcoin
4
4
And how long before more than 200 are out there? An amateur could likely counterfeit them. IMHO without encapsulation and certification they have no added value.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
People collect what they like and put their value on it. I am sure there are hundreds of millions of people out there that believe what you collect is not worth what you paid for it .
To each his own.
Anything can be counterfeited if just the possibility of that is a deciding factor we should give up collecting everything. Due diligence and buyer beware apples to all and there are many ways to determine the integrity of the seller and his products
While there are many that collect special slab labels, I don't know any coin collectors who also collect modern mint COAs.
What we are seeing is a feeding frenzy on what will turn out to be tulip mania. likely most secondary market buyers are expecting a profitable flip opportunity. Not a bet I would take. While a novelty to own, I find it hard to believe that a serious coin collector would put such value on this particular piece of paper.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Well. Perhaps we should discuss the ase’s from a couple years back. At over $1200+. Certified $2000? How much is the ase and how much is the certificate. Those required a sealed box. No? Thanks 🙏
🎶 shout shout, let it all out 🎶
there is no fair value comparison to a certified special COA and a loose one that can no longer become certified.
But hey, to those that are willing to pay moon money for the loose one, knock yourselves out.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Yup, a private minter - an army of one; very impressed by his knowledge and trouble-shooting of equipment.
(Summer of 2020 visit).
fka renman95, Sep 2005, 7,000 posts
See Dan Carrs Latest thread for more on Dan Carr.
Being certified is far from being the HOLY GRAIL in value in many collectors eyes.
looking at ebay numbers the loose once appear to be the holy grail. Prices over time will fall like a rock.
Anyone here collecting losing tickets on the recent $1B Powerball?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey