San Francisco Old Mint

TraderGio

Are these worth buying from a potential appreciation point of view?

mirabela

I haven't a clue, but I would expect the replays of classic reverses to make them pretty popular. I'm not usually a customer for that kind of stuff, but I think I'll be ordering one of those dollars.

originalisbest

I kind of find the reverse idea appealing, and may buy for that reason. As to future value, got less than no clue!

GAT

I sure wouldn't purchase for investment purposes. For that matter, any Mint product.

GoldenEyeNumismatics

They will appreciate. The coins are beautiful and are relatively scarce and they are for a great cause.

originalisbest

Well, you never know. The few people who bought Jackie Robinson $5's probably aren't crying over it. But it's impossible to tell the future - for most.

renman95

I find the Legacy Set interesting because both commems have classic reverses...Continental Currency dollar and Morgan dollar reverse.

LanLord

I don't believe these will be a big moneymaker after release from the mint. I bought one of each both Unc and PROOF just to get completion (or at least reaching for completion) not because I expect a big payday.

BillJones

I have been maintaining a set of modern gold commemorative gold coins, and that was the main reason why I decided to order the $5 gold and silver dollar in Proof. I wish the mint would go back to offering the two and four coin sets. I really prefer those where there are more than one commutative coin issued for an anniversary or event.

I have no idea if these coins will be any good or not. Sadly the view of the old mint is the standard “government issue” straight on look at the building, which comes off looking like a box. Why the government artists can't take a look at and use designs like the one that appeared on the Dolly Madison commemorative silver dollar, which gives images of a building some depth of field, is beyond me.

As for the reproductions of the old time reverse, that's OK, but I wish it could have been obverses instead. I just hope that the artwork looks like the old art work and not like a cheep looking gold or silver round.

agentjim007

Wait until the end of the year. If sales figures are low enough they should pay off in the future.

Artist

<< <i>Why the government artists can't take a look at and use designs like the one that appeared on the Dolly Madison commemorative silver dollar, which gives images of a building some depth of field, is beyond me. >>



I suspect your grievance is with the CCAC, the CFA, and possibly congress, not the artists who design what they are told to.

orie

I agree with the guy who said they are for a great cause.

CoinHusker

In an article about the SF Old Mint Commems, in the 9/18 issue, CW reports, "Sales of the 2006-S San Francisco Old Mint silver dollars reached 31.7 % of the maximum 500,000 coins authorized, or 158,490 coins. Sales are represented by 39,587 single Uncirculated dollars, 84,229 single Proof dolars and 34,674 additional Proof dollars in the 2006 American Legacy Collection set.
Half eagle sales have reached 41.3% of the maximum 100,000-coin authorization, 42,325 coins, representing 29,255 of the single Proof gold coins and 12,070 of the single Uncircualted coins."

BillJones

The CW numbers indicate that this commemorative is not going to be the sleeper that the Jackie Rebinson was. Much to the anger of many collectors the Jackie Robinson program was extended by 6 months if I remember correctly. It didn't help the overall sales very much.


Once the mintage on the gold goes beyond 15,000 coins or so, it's not going to turn the investor types on. At the same time the sales proably won't bring in as much money as they hoped either. The issue prices probably now look to be too high given the recent drop in the gold bullion price. The mint can raise the price of these things, but they can't bring it down after they have raised it.

coinmickey

Half eagle sales have reached 41.3% of the maximum 100,000-coin authorization, 42,325 coins, representing 29,255 of the single Proof gold coins and 12,070 of the single Uncircualted coins."

Sheesh...I was hedging my bets on the Unc. Gold, which usually has the lowest mintage on commems, but I agree with Bill that it will probably go up over 15k and collector value will be diminished....

TraderGio

<< <i>Half eagle sales have reached 41.3% of the maximum 100,000-coin authorization, 42,325 coins, representing 29,255 of the single Proof gold coins and 12,070 of the single Uncircualted coins."

Sheesh...I was hedging my bets on the Unc. Gold, which usually has the lowest mintage on commems, but I agree with Bill that it will probably go up over 15k and collector value will be diminished.... >>



Should we cancel the orders?

BECOKA

They are great designs and will always have at the very least collector appeal. If the mintages get too high I can't imagine that there will be any immediate premiums but I don't think people will sell for less than what the mint offered them for. Some of the less appealing commems are selling dirt cheap right now.

TraderGio

I'm tempted to drop my half eagle.....

CoinHusker

Half eagle sales have reached 41.3% of the maximum 100,000-coin authorization, 42,325 coins, representing 29,255 of the single Proof gold coins and 12,070 of the single Uncircualted coins."



<< <i>I'm tempted to drop my half eagle..... >>




Make that 42,324 coins...

JrGMan2004

It depends... in my experience, commems that have a wide appeal to many different people, not just collectors, will generally do well in the aftermarket... ones with a limited audience aren't going to do very well... 2 great examples... the Marine Corps dollar and the John Marshall Dollar... the Marine Corps were pretty hot, though they've cooled off, they are still trading nicely... but the John Marshall just went straight down... the difference? The Marines are of interest to a great deal of people outside of the circle of collectors... John Marshall... not so much... another example, 2001 Buffalos. They've always done well and have a nice audience with classic collectors too b/c of the buffalo design, but since the Buffalo gold coins came out, these Buffalos have taken off and become really hot!