dunno what's driving it ..... I noticed they are going for beteen 60 and 100 bucks. One did sell for $100 yesterday. Wish I had bought more too. Well wish in one hand ..............
Did anyone happen to notice the slight difference in the wording for the maximum production of the 2004 Westward Journey Nickel Series Coin and Medal Set?
<< <i>Maximum production is 25,000 sets for 2004. (emphasis added) >>
I took a look through the U.S. Mint's web site and looked for other products that listed limited mintages. All of the other listings I found listed a maximum production by units without "for <year>" specified afterward.
I don't know if it was intentional or not. As it is currently stated, the max total production for those sets are not constrained at all. It only constrains the number of sets to 25,000 for 2004 (even though the sales of the product were not initiated until January 2005).
Another item of interest here is the press release for this issue. It does not list any limited mintage quantities for this product. Compare that to all of the other press releases the U.S. Mint has done for other products with limited mintages. For every other press release I read regarding a product with limited production, it was specified in the release text. Of course, I didn't check every single press release, but I did take a random sample across multiple products that I knew had limited production.
<< <i>How would the value of a 2004 nickel set be changed if more were made with a 2005 date on them? >>
As the limited production note on the product currently reads (note: I don't know what the intended meaning of it is, just that it is not written as a concrete production number), it leaves the mint the option of producing more 2004 dated sets in 2005 if they want to. It just says it is limited to 25,000 sets for 2004.
It could be that the mint meant "Production limited to 25,000 of the 2004 sets."
I just find it interesting between the combination of how the limited production notice on the set is written and the fact that there is zero mention of limited quantities in the press release when the mint is all over the limited numbers game in press releases for all of their other productions that it pertains to.
It could be just a bit of poor writting by some mint staff person.
yes, I am sure they will expand on this with more nickel sets with the 05 - and then 06 nickels too - ie. more new nickel sets. I doubt, however, they will make anymore with 'just' the 04's - that would be silly - but then ...........
For what it's worth, I 'was' told on the phone by a rep that this was a 'one time offer'.
The 2005 set will be the 2004 set + the 2 new nickels.
I'm waiting till the "full set" comes out, then I'll buy that in qty.
(Plus the buffalo nickel rolls in qty)
-g
I listen to your voice like it was music, [ y o u ' r e ] the song I want to know.
I'd give you the world, just because...
Speak to me of loved ones, favorite places and things, loves lost and gained, tears shed for joy and sorrow, of when I see the sparkle in your eye ... and the blackness when the dream dies, of lovers, fools, adventurers and kings while I sip my wine and contemplate the Chi.
I just offered one of my two promised sets on eBay for $70.50 plus $5 for shipping. Presale, but guaranteed that I'd send one of my sets or I'd refund the purchase price plus $10 if the Mint stiffed me.
Must have worked. It sold within about 5 minutes.
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
You have three coins that can be obtained quite easily from other sources + a silver plated medal and a package. Most collectors don't give a hoot about medals and the box is really nothing special. This looks like one of those short lived fads that will be here today and forgotten tomorrow.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
I'm with BillJones on this one. I saw these, considered ordering, and elected not too. My reasoning was just that--none of the coins in the set was limited in production or of significant value. The reproduction medal and package were the only "limited" parts. I've speculated and won at the mint (if you can call the Buffalo Dollar speculation!), and bet against this one. I can't imagine those prices holding out for any length of time. I could be wrong.... we'll see!
Once again I will say that the medal is/was available in the LC Coin and Currancy set. All these coin can be had but they will cost more the issue price was $19.95
That said it does not matter. Folks are going to sell and folks are going to buy just like we all do. This has nothing to do with right or wrong or fairness or nothing it just is.
just thought - maybe the fuel is because this set was 'not' advertised on their 'regular' list??? At least it wasn't on the one that I had printed off their website previously.
Comments
W.C. Fields
<< <i>None have sold at that price although one did sell for $112. Completed Item >>
Neat! Glad I ordered some.
Self Indulgence | Holey Coins | Flickr Photostream
<< <i>That would only be 8x (I think they sold for $25 each). IMO way too much even at the issue price. >>
They sold at $19.95
Self Indulgence | Holey Coins | Flickr Photostream
Ca-ching.
<< <i>None have sold at that price although one did sell for $112. >>
What do you think is driving this? The 25,000 production limit?
<< <i>Maximum production is 25,000 sets for 2004. (emphasis added) >>
I took a look through the U.S. Mint's web site and looked for other products that listed limited mintages. All of the other listings I found listed a maximum production by units without "for <year>" specified afterward.
I don't know if it was intentional or not. As it is currently stated, the max total production for those sets are not constrained at all. It only constrains the number of sets to 25,000 for 2004 (even though the sales of the product were not initiated until January 2005).
Another item of interest here is the press release for this issue. It does not list any limited mintage quantities for this product. Compare that to all of the other press releases the U.S. Mint has done for other products with limited mintages. For every other press release I read regarding a product with limited production, it was specified in the release text. Of course, I didn't check every single press release, but I did take a random sample across multiple products that I knew had limited production.
Draw your own conclusions.
with a BIN of 69.95
Figuire if I sell of few at this the rest are FREE
Smitty
<< <i>How would the value of a 2004 nickel set be changed if more were made with a 2005 date on them? >>
As the limited production note on the product currently reads (note: I don't know what the intended meaning of it is, just that it is not written as a concrete production number), it leaves the mint the option of producing more 2004 dated sets in 2005 if they want to. It just says it is limited to 25,000 sets for 2004.
It could be that the mint meant "Production limited to 25,000 of the 2004 sets."
I just find it interesting between the combination of how the limited production notice on the set is written and the fact that there is zero mention of limited quantities in the press release when the mint is all over the limited numbers game in press releases for all of their other productions that it pertains to.
It could be just a bit of poor writting by some mint staff person.
*shrug*
For what it's worth, I 'was' told on the phone by a rep that this was a 'one time offer'.
They might be following my reasoning:
The 2005 set will be the 2004 set + the 2 new nickels.
I'm waiting till the "full set" comes out, then I'll buy that in qty.
(Plus the buffalo nickel rolls in qty)
-g
I'd give you the world, just because...
Speak to me of loved ones, favorite places and things, loves lost and gained, tears shed for joy and sorrow, of when I see the sparkle in your eye ...
and the blackness when the dream dies, of lovers, fools, adventurers and kings while I sip my wine and contemplate the Chi.
Glenn
Must have worked. It sold within about 5 minutes.
--Severian the Lame
Dr J
My omnicoin collection (or how my coin photography has progressed)
You have three coins that can be obtained quite easily from other sources + a silver plated medal and a package. Most collectors don't give a hoot about medals and the box is really nothing special. This looks like one of those short lived fads that will be here today and forgotten tomorrow.
I ordered four just to sell.
Cheers,
Bob
That said it does not matter. Folks are going to sell and folks are going to buy just like we all do. This has nothing to do with right or wrong or fairness or nothing it just is.
Tbig