@ProofCollection said:
I don't know that quality is a huge deal. I'm sure a few collectors will be dissuaded from owning one, but one need not look any further than the 1933 Saint Gaudens, Pop 1 in MS65 to see that you don't need MS/PR 69/70 grades to be highly desirable and valuable. Some coins you just have to take how they come.
I think one does need to look further than the 1933 Saint. It’s the single example that’s legal to own and not a valid comparison to an issue of which more than 200 are available.
Maybe. As with the 1933 Saint, for the Omegas I think it's more important for a collector to have the slot filled rather than "only" having an MS65.
In the case of the cents, yes for some collectors/buyers, but no for others. On the other hand, there’s not a choice for the collector/buyer of a/the1933 Saint.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Another possibility is the mint was just being pretty lazy, and I hate to even use that word. They deserve credit for the idea, but with sloppy implementation. It seems like it was all thrown together in a hurry, come out and see the final striking. Don't wear gloves. Slide coins on counter boards. etc. Don't worry, it is a photo op. only. People will pay regardless (wink wink).
I’ll toss out food for thought and these are Just random thoughts but do you feel that some winners will break up sets and sell off 1 or 2 and just keep one for themselves? Or perhaps in 10-20 years the sets will break up as say a father passes the coins to their 3 kids (1 to each) kinda thing?
And/or every kid who always wanted a 1909s vdb comes out of the woods and drives bidding up to crazy numbers or some big wholesalers buy em all up to control the market?
Last thought how does say 5-15 million dollars of sales in mid December affect the market? Whiles it a big number… it’s not really, so I’m thinking it’s a mere ripple on the pond. I could also see folks taking bullion profits and buying this a a modern rarity?
I can see people bidding for two sets to make a top pop set and selling off the lower grade group, or singles. There can only be three top pop sets made given only three Denver 67s. None of the sets pair a Denver 67 with a Philly 66.
@Batman23 said:
I can see people bidding for two sets to make a top pop set and selling off the lower grade group, or singles. There can only be three top pop sets made given only three Denver 67s. None of the sets pair a Denver 67 with a Philly 66.
I would guess that many sets will be broken up. Lots of demand from type collectors out there and they certainly don’t need two omegas. Dealers will probably maximize their profits by breaking them up as well
If I collected non-circulation issues (I don’t) I would keep the best cent and sell the other. I would sell the gold as well.
Comments
In the case of the cents, yes for some collectors/buyers, but no for others. On the other hand, there’s not a choice for the collector/buyer of a/the1933 Saint.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Another possibility is the mint was just being pretty lazy, and I hate to even use that word. They deserve credit for the idea, but with sloppy implementation. It seems like it was all thrown together in a hurry, come out and see the final striking. Don't wear gloves. Slide coins on counter boards. etc. Don't worry, it is a photo op. only. People will pay regardless (wink wink).
I’ll toss out food for thought and these are Just random thoughts but do you feel that some winners will break up sets and sell off 1 or 2 and just keep one for themselves? Or perhaps in 10-20 years the sets will break up as say a father passes the coins to their 3 kids (1 to each) kinda thing?
And/or every kid who always wanted a 1909s vdb comes out of the woods and drives bidding up to crazy numbers or some big wholesalers buy em all up to control the market?
Last thought how does say 5-15 million dollars of sales in mid December affect the market? Whiles it a big number… it’s not really, so I’m thinking it’s a mere ripple on the pond. I could also see folks taking bullion profits and buying this a a modern rarity?
Your thoughts?
I can see people bidding for two sets to make a top pop set and selling off the lower grade group, or singles. There can only be three top pop sets made given only three Denver 67s. None of the sets pair a Denver 67 with a Philly 66.
That's a good point.
I would guess that many sets will be broken up. Lots of demand from type collectors out there and they certainly don’t need two omegas. Dealers will probably maximize their profits by breaking them up as well
If I collected non-circulation issues (I don’t) I would keep the best cent and sell the other. I would sell the gold as well.