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What are the next flippable offerings from the U.S. Mint?

cameonut2011cameonut2011 Posts: 10,061 ✭✭✭✭✭

Please discuss.

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    jclovescoinsjclovescoins Posts: 1,853 ✭✭✭✭✭

    +1

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    fathomfathom Posts: 1,513 ✭✭✭✭✭

    Proof Peace.

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    291fifth291fifth Posts: 23,942 ✭✭✭✭✭

    Perhaps the days of "flipping" are over. The high initial price of US Mint offerings makes selling for a quick profit very difficult.

    All glory is fleeting.
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    JimTylerJimTyler Posts: 3,058 ✭✭✭✭✭
    edited January 31, 2023 6:31AM

    I’m on subscription for the proof Morgan and Peace later this year and the two coin reverse proofs. Limit 3 might pay off. I won’t sit on them will dump when someone wants them.

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    GoldminersGoldminers Posts: 3,587 ✭✭✭✭✭

    It all depends on the maximum mintage and household limits. Most prices are too high for most flips to be successful unless a deliberate low mintage is set or some other marketing gimmick like edge numbering, random signatures, numbered certificates, etc. Of course, the early bird catches the worm.

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    jeffas1974jeffas1974 Posts: 310 ✭✭✭

    The fact that subscriptions still exist for the peace and Morgan dollars months after they first were made available is casting a lot of doubt in my mind that there is any flipping potential. Maybe we actually see available subscription numbers increase as we get closer to the release date as flippers reduce or punch out of their subscription entirely.

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    NJCoinNJCoin Posts: 1,421 ✭✭✭✭✭

    @291fifth said:
    Perhaps the days of "flipping" are over. The high initial price of US Mint offerings makes selling for a quick profit very difficult.

    This ^^^. They seem to have gotten A LOT better over the last year or two at figuring out the correct amount to make to create interest, but still allow everyone who wants to play to be able to do so. They also seem to have found the sweet spot that allows desirable issues, like the Morgan and Peace dollars, to retain value while leaving very little on the table for flippers.

    400K is probably going to be pushing the envelope for this year's Morgan and Peace dollars. 250K for the reverse proofs might turn out to be winners, even though they are still available for subscription.

    Other than that, it's hard to find anything to get excited about. Selling eagles in bulk to dealers, outside published mintage limits, clearly took the air out of the flipping market for them.

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    124Spider124Spider Posts: 848 ✭✭✭✭✭

    The part of the Mint that we deal with as collectors is a for-profit business. IMO, they SHOULD be controlling the market (balancing supply, demand and price) so that they just barely sell out, but so that there's not the awful process like with the 2021 Morgan and Peace dollars. Their business should not be to make money for flippers, IMO.

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