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Would you buy more Modern Coins if the Mint Limited Production to only 10,000 Coins ?
ABC123
Posts: 2,627
If the US Mint limited its production to only 10,000 coins for all Gold coin Commemoratives---would you be a buyer of these Instant Rarities ? I say, yes, sign me up !
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"You Suck Award" - February, 2015
Discoverer of 1919 Mercury Dime DDO - FS-101
<< <i>If the US Mint limited its production to only 10,000 coins for all Gold coin Commemoratives---would you be a buyer of these Instant Rarities ? I say, yes, sign me up ! >>
Yes, but not so much if they are three one-ounce gold sets that cost $2600 a pop.
and it sets us apart from practitioners and consultants. Gregor
Looking for Denmark 1874 20-Kroner. Please offer.
<< <i>Sorry for my ignorance, but aren't platinum coins fairly low mintage? >>
Yes, they are.
In the late '90's I worked for a sportscard manufacturer and they killed the hobby by making 50 different sets annually of baseball cards (for example), each in a small quantity with "rare" inserts. Baseball card collecting had been hurting since the baseball strike in the early '90's, but the marketing of too many small "rare" sets killed it for good. The company filed for bankruptcy in early '99, 6 months after I left!
Gosh if they offered me next years coins this year I'd buy that too, gosh I just cant get enough "product"
Liberty: Parent of Science & Industry
Jerry
Wondercoin
dam skippy
No one should buy them.
they don't exist.
I haven't completed my set yet.
5,063 .....2004 Proof Platinum Eagle Half Seated America
5,174 .....1997 Jackie Robinson $5 Gold MS
5,193 .....2004 Proof Platinum Eagle Quarter Seated America
5,700* .....2005 Proof Platinum Eagle Half Bounty less returns, the numbers posted on the mints web site are from Nov of last year-not final
6,007 .....2004 Proof Platinum Eagle $100 Seated America
6,400* .....2005 Proof Platinum Eagle Quarter Bounty less returns, ditto
6,683 .....2000 MS Bimetallic $10 Comm.
6,700* .....2005 Proof Platinum Eagle $100 Bounty less returns, ditto
6,761 .....2001 $5 MS Capital Visitor Center Gold
7,044 .....2003 Proof Platinum Eagle Quarter Vigilance
7,131 .....2003 Proof Platinum Eagle Half Vigilance
7,161 .....2004 Proof Platinum Eagle Tenth Seated America
7,900* .....2005 Proof Platinum Eagle Tenth Bounty less returns, ditto
8,254 .....2001 Proof Platinum Eagle Half American Southwest
8,246 .....2003 Proof Platinum Eagle $100 Vigilance
8,772 .....2002 Proof Platinum Eagle Half American Northwest
8,847 .....2001 Proof Platinum Eagle Quarter American Southwest
8,948 .....1996 Smithsonian MS $5 Gold Comm.
8,969 .....2001 Proof Platinum Eagle $100 American Southwest
9,174 .....1996 Flag Bearer $5 MS Gold Comm.
9,282 .....2002 Proof Platinum Eagle Quarter American Northwest
9,534 .....2003 Proof Platinum Eagle Tenth Vigilance
9,834 .....2002 Proof Platinum Eagle $100 American Northwest
9,958 .....1928 Hawaiian Silver Half Comm.
10,000 .....2006 Reverse Proof Gold Eagle Saint $50
Guys almost all of them are moderns and there is no shortage of listings under 10,000. In fact these days unless the coin possesses outstanding relative rarity in series like the 95w, a type coin mintage of 10,000 is no big deal. The new Reverse Proof is 2.5 times rarer than its next closest proof. PCGS and NGC are placing it in the proof registry set. I have one on order but its too early to tell if its going to be a monster or not.
Some sources indicate many of the proof plats have mintages lower than listed.
Best Wishes
Eric
Is it your opinion that the 2005 Proof Plats will end up with lower or higher mintages than 2004 Proof Plats once the Mint finalizes its #'s for the (2) years?
Wondercoin
10,129.......2003-W First Flight Centennial gold $10
Big mint state gold!
<< <i>
Guys almost all of them are moderns and there is no shortage of listings under 10,000. In fact these days unless the coin possesses outstanding relative rarity in series like the 95w, a type coin mintage of 10,000 is no big deal. The new Reverse Proof is 2.5 times rarer than its next closest proof. PCGS and NGC are placing it in the proof registry set. I have one on order but its too early to tell if its going to be a monster or not.
Eric >>
Most of the 20th century special issues and varieties with under 10,000 mintage are also moderns.
Of the list in ericj96's post... how many of those coins are 3-5X multiples of their issue price? Just wondering.
Secondly, if the mint made a 2007 Aluminum Lincoln cent with a 1909 reverse or something that made the coin different from the aluminum cents of the past so they couldn't be mistaken,
or
if the mint made a 2007 silver Jefferson, platnium dime, or any other whimsical piece and called it a "pattern"... I fail to understand the difference between these coins and previously minted patterns... and I'm sure the mint website would melt everytime one went on sale.
The big problem with it all is, the mint makes less than 10K of the same design for multiple years... if they made truely unique coins, (edited to add... and called them patterns instead of commemoratives) for one year only, they could probably name their price and many of the people on these boards would jump at the offer.
But we can what if all day long...
Peace!
Steve
In memory of the USAF Security Forces lost: A1C Elizabeth N. Jacobson, 9/28/05; SSgt Brian McElroy, 1/22/06; TSgt Jason Norton, 1/22/06; A1C Lee Chavis, 10/14/06; SSgt John Self, 5/14/07; A1C Jason Nathan, 6/23/07; SSgt Travis Griffin, 4/3/08; 1Lt Joseph Helton, 9/8/09; SrA Nicholas J. Alden, 3/3/2011. God Bless them and all those who have lost loved ones in this war. I will never forget their loss.
Hoard the keys.
Box of 20
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Nothing on the above list sold out near as fast as the gold 3 coin set.
But, only the Hawaiian makes the "top 25" list of lowest mintage TYPE coins since 1915 as every one of the Proof Platinum coins listed is a 1 year issue with a special design type for that single particular year.
Wondercoin
<< <i>Looks like people favor the set(like motif) instead of the 1 time design issue......the world has also valued Gold and Silver forever...did Platinum ever play a part in history! >>
Platinum has long been important in research but had few commercial applications or demand
until recently. Back in the 19th century there were many gold coins hollowed out and the metal
replaced with much cheaper platinum. Platinum is a little heavier but these can be very deceptive.
It is likely that platinum will enjoy more demand as time goes on but its greatest weakness is its
similarity to other metals in the group which can be much cheaper. Its greatest strenght may be
that none of the metals in the group are abundant.
Good observation, although I do not recall from my history classes what part copper played in history either.
Wondercoin
Well then if the people you learned about in your history books just bartered between themselves then I guess all those coins of yours are FAKES!!!!
Just think how many cups of tea were waisted in Boston...
<< <i>although I do not recall from my history classes what part copper played in history either >>
--They call it the Bronze Age.
No, because the Mint would just increase the price by 50x.
Wondercoin
OK - that was important as well - so, Platinum is odd man out
<< <i>OK - copper very important as well. Surely nickel didn't play that big a role in history - did it?
Wondercoin
Clad would be naked without it.
But, do you believe the relative lack of interest in the platinum coins has its roots in its (lack of) history?
Wondercoin
<< <i>
But, do you believe the relative lack of interest in the platinum coins has its roots in its (lack of) history?
Wondercoin >>
I never thought of it in those terms but, yes, it probably is a factor.
Platinum coins were few and far between in the past with the lion's share being Russian. Even today
there are relatively few coins being struck in platinum though mintages tend to be a little lower.
Since many US platinum collectors are newbies this might not be a major factor in itself. But as this series
matures the effect should decrease.
The biggest reasons for the tiny mintages are more likely the high cost of the metal and the relative
dearth of investors who are bullish on platinum. Unsurprisingly this has led to a large consumption of
these coins by industrial or other users and a high attrition.
It's an interesting situation and probably unstable.
Wondercoin
Bet if they limited purchases to one each, and used a lottery to settle oversubscriptions, there'd be a lot less excitement.
<< <i>No. I collect coins-which to me means- cents, nickels, dimes, quarters, half dollars, dollars,real gold "coins" (i.e. Pre-1934 vintage)etc., that were made for and used in circulation. While the mint can parade any modern commemm or gold eagle as a "coin" that technically has face value, they are not used in commerce and in my mind disqualifies them as real coins. Sure you can spend them if you want -has anyone ever spent a modern silver commemm or gold eagle? A mintage of 10,000 "coins" that will always be BU67-70 or Proof67-70, does not inspire me as much as a real coin with a mintage of say 2-5 million, with only a few hundred at most Bu 63 or better, survivors. Perhaps a lot of barber coins fit this category--a much better investment. ( and i dont like barber coins all that much-just using them as an example) JMHO. Bob
They don't call them BU67-70 anymore. Hahaha! Showing your age, are you?
Just ribbin' ya!
Jonathan
About 8 of the listed items are 3-5x issue or higher.
I don't understand the second question.
Eric
You asked if the 04s or 05s will come in lower after final figures come out. I can only give you the data that I have and base my opionion on.
#1 The mint for years has not had final numbers for the public until after the end of the fiscal year in which the coin in question finished sales. Thats late 06 for the 05s. Any data that comes out prior to that is suspect. For example the office of public affairs called the final mintage of the 04s 6091, 5095, 5226, 7202 from may 2004 to the first quarter of this year even though they were told that those numbers were from the weekly sales report of April 4th 2004. They did not include the last 3 days of sales or the returns. They insisted that the numbers were final for over a year even though they were not and were notified of their error.
#2 The final sales report that we were tracking shows the numbers listed in my chart. The weekly sales report numbers were well behaved for months prior to the final week. From these numbers must be subtracted returns. If one is to take the mints current postsing on the 05s at face value then they had about 1,700 returns or 30 percent of total sales returned. As long as I have been tracking returns I have never seen more than 250 pcs returned and 75-100 is typical.
#3 Everyone is taking note of this web site data now but its been up for MONTHS. Sales for the proof plats ended about March 24th if I remember correctly. They gave a 30 day return option after that. I just can't put much stock in the mints numbers when they says they have final finals before the sales and return period is complete.
Don't get me wrong I HOPE THE 05S are 4000 issue coins and surpass the 04s because I have a stack of them but the bottom line is when its all said and done the 05s will come in around 6600, 5600, 6300 7900 respectly IMHO. Now if the Red Book prints the data off the web site showing the 05s as 4,000 issue coins good for us. Problem is I think those that run out and buy them thinking they are that rare will find that in time when the sets are put together that the market has a few 05s left over.
Guys thats the best answer I can give you and I hope it helps.
Best Wishes to you All
Eric
If you posit that there would be no price increase, then yes, I probably would.