How cheap can you buy new modern commemorative issues?

relayer

I bought a 2002-W West Point Unc $1 on ebay for $28.51 plus $4.95 S/H. The Mint has them for $32 (plus $3.95 S/H - if you order is under $100)

It sure doesn't seem like a money making operation, unless the guy is cherry picking and his good finds cover his losses on the others? I got the coin today and it's worthy of submission (like 90% of all moderns).

I have to assume that the mint has a volume discount to dealers, but I can't find any info on their web site. Does anybody know?

BillJones

Most of these who purchase the modern commemorative coins from the mint usually lose their shirts.

Here's an example for you. A couple of months ago I purchased the six piece 1986 Statue of Liberty set for $165.00. The set contained the following coins in Proof and Uncirculated: two clad half dollars, two 90% silver dollars and two full size five dollar gold pieces all housed in a cherrywood box. In 1986 the mint sold that set for $375.00. At one time the set hit sold for over $900 in the secondary market. Now I purchased it for a little over the melt value.

Most modern commemorative coins don't hold their value. The buying price for many of the modern $5 gold commemorative coins in just $78. The issue price is usualy close to $200.

cladking

About the cheapest you can get these moderns is 90% of bid. Generally you'll pay more
like 110% unless you're buying a lot. Some of these are very elusive because people
aren't selling some or a large percentage slabbed at a high grade. Just a few years ago
many of these were available for little over melt value.