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you cant go wrong buying coins from the US mint

HyperionHyperion Posts: 7,440 ✭✭✭
in U.S. Coin Forum
something makes me think if you can afford to buy 20 of everything the mint produces, over 10 years, you'll always wind up MAKING more money than you'll lose.

especially if you get into the super-low minage unpopular crap. like the old ugly modern gold commems.

maybe the SF mint stuff is going this way, with all the gold buff/20th anniv distraction, these guys flying under the radar ?

do you agree? disagree ?
My Ebay (None)

Comments

  • ziggy29ziggy29 Posts: 18,668 ✭✭✭
    As long as the Mint continues to encourage speculation with low maximum mintages that sell out before a lot of collectors who want them can get in, you're right. You can have a .200 "batting average" on appreciation of Mint issues and still come out way ahead.
  • HyperionHyperion Posts: 7,440 ✭✭✭


    << <i>As long as the Mint continues to encourage speculation with low maximum mintages that sell out before a lot of collectors who want them can get in, you're right. You can have a .200 "batting average" on appreciation of Mint issues and still come out way ahead. >>



    ill forever kick myself for not buying a set or 2 of the gold 20th anniv sets. I was ON THE SITE and in time to order them, and thought to myself, 2.3k? to friggin expensive for bullion coins.

    go figure. I could have supplied the capitol to buy some REAL COINS with the profits from the resale.

    sigh.
    My Ebay (None)
  • bigbadchad777bigbadchad777 Posts: 1,835 ✭
    SF Mint coins will be offered in bulk to the dealers Dec. 1.
    Mint is trying to unload them.
  • ArgentumRexArgentumRex Posts: 620 ✭
    Hyperion is the new Mr Coin. You can search for yourself if you type it right, look at the old threads at pcgs. It's OK it's not his diary he meant for you to read them. When you press search lots of old threads will show up but it will take TIME to read through all of them. If you look hard you will find his name and you will learn alot about coins.
  • HyperionHyperion Posts: 7,440 ✭✭✭


    << <i>Hyperion is the new Mr Coin. You can search for yourself if you type it right, look at the old threads at pcgs. It's OK it's not his diary he meant for you to read them. When you press search lots of old threads will show up but it will take TIME to read through all of them. If you look hard you will find his name and you will learn alot about coins. >>



    *boggle*
    My Ebay (None)
  • FullStrikeFullStrike Posts: 4,353 ✭✭✭
    If the Mint keeps on it's current path, producing many very limited issues, soon there will be hundreds of limited items out there. This can only hurt values. It's like postage stamps or sports cards - just too much junk out there - regardless of numbers made.
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,615 ✭✭✭✭✭
    Just like a one armed bandit image

    ``https://ebay.us/m/KxolR5

  • RYKRYK Posts: 35,800 ✭✭✭✭✭
    It will work until it stops working, and most people will not realize it for a while thereafter. Trees do not grow to the sky. Think Cisco in 1999.
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • DaveGDaveG Posts: 3,535 ✭
    Actually, during much of the '90s, buying from the Mint was a sure way to lose money.

    I recall very clearly that, during the mid-90s especially, anything the Mint released (mint sets, proof sets, commems. . .) was available from dealers a couple of months after the issue date at below Mint-issue prices.

    Of course, that was in ancient times, or BE (before eBay), but. . .

    Check out the Southern Gold Society

  • BillJonesBillJones Posts: 34,818 ✭✭✭✭✭


    << <i>As long as the Mint continues to encourage speculation with low maximum mintages that sell out before a lot of collectors who want them can get in, you're right. You can have a .200 "batting average" on appreciation of Mint issues and still come out way ahead. >>



    Yep that sums it up. When the mint doesn't play games and make some people angry, I'd say that only about 1 in 8 mint issues make their buyers money. The rest of time you are far better off buying in the secondary market.

    I've made money on the gold commemorative, but only because I bought them after someone else took the loss, and the price of gold went up.
    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 ... ?
  • PentimentoPentimento Posts: 1,367
    I think that coin people are generally still way behind tech-wise. Those coin people who DO surf, chat, post, and camp out online when the mint releases new products will continue to make money off the rest of folks for some time.
  • HyperionHyperion Posts: 7,440 ✭✭✭


    << <i>Actually, during much of the '90s, buying from the Mint was a sure way to lose money.

    I recall very clearly that, during the mid-90s especially, anything the Mint released (mint sets, proof sets, commems. . .) was available from dealers a couple of months after the issue date at below Mint-issue prices.

    Of course, that was in ancient times, or BE (before eBay), but. . . >>




    this is the way it is with the UK Mint, you can usually get sovereigns etc at WAY BELOW original issue prices...
    My Ebay (None)
  • FredWeinbergFredWeinberg Posts: 5,925 ✭✭✭✭✭
    Up untill just a few years ago, many of the late 60's, 70's, and 80's
    Mint Issues (Proof Sets, Mint Sets, Olympic, SOL, etc.)
    were worth less than issue price.....
    Retired Collector & Dealer in Major Mint Error Coins & Currency since the 1960's.Co-Author of Whitman's "100 Greatest U.S. Mint Error Coins", and the Error Coin Encyclopedia, Vols., III & IV. Retired Authenticator for Major Mint Errors for PCGS. A 50+ Year PNG Member.A full-time numismatist since 1972, retired in 2022.
  • ElysiumElysium Posts: 76


    << <i>

    << <i>As long as the Mint continues to encourage speculation with low maximum mintages that sell out before a lot of collectors who want them can get in, you're right. You can have a .200 "batting average" on appreciation of Mint issues and still come out way ahead. >>



    ill forever kick myself for not buying a set or 2 of the gold 20th anniv sets. I was ON THE SITE and in time to order them, and thought to myself, 2.3k? to friggin expensive for bullion coins.

    go figure. I could have supplied the capitol to buy some REAL COINS with the profits from the resale.

    sigh. >>



    I can relate. I had an outlook reminder go off telling me to go order the coins, but I ignored it and kept on working. Could have placed an order in the first hour. Ouch!
  • cladkingcladking Posts: 28,732 ✭✭✭✭✭
    They've probably been going up mainly because the collector base keeps growing. It has only been
    since 1995 that there has been a tendency for mint products to increase. Like RYK said it qwill stop
    working and most people will still keep buying. While it might be years before the markets peak, it
    won't be so long until the number of collectors stops growing.
    tempus fugit extra philosophiam.
  • ziggy29ziggy29 Posts: 18,668 ✭✭✭


    << <i>I can relate. I had an outlook reminder go off telling me to go order the coins, but I ignored it and kept on working. Could have placed an order in the first hour. Ouch! >>

    See, this is the thing. When you have to call or place an online order in the FIRST HOUR of sales, the Mint has burned a lot of less connected or determined people. I personally believe there should be a minimum time limit that each item is available, say (at least) 14 days, maybe even 30.
  • bumanchubumanchu Posts: 1,383 ✭✭✭


    << <i>

    << <i> I personally believe there should be a minimum time limit that each item is available, say (at least) 14 days, maybe even 30. >>




    A noble but impractical thought.
    And I ain't lying this time.
  • bumanchubumanchu Posts: 1,383 ✭✭✭


    << <i>

    << <i>

    << <i> I personally believe there should be a minimum time limit that each item is available, say (at least) 14 days, maybe even 30. >>




    A noble but impractical thought. >>




    And yes I did miss the 20th anniversary gold sets because I wasn't paying attention.

    Maybe there should be higher mintages on products like the 20th that they have to know would sell more.
    And I ain't lying this time.
  • HugegutHugegut Posts: 574
    Don't forget the B.E.P. They've had quite a few red-hot items over the past couple of years as well.
  • FullStrikeFullStrike Posts: 4,353 ✭✭✭


    << <i>Don't forget the B.E.P. They've had quite a few red-hot items over the past couple of years as well. >>




    I got in on the $50 Federal Reserve Set ( 12 notes all same serial number - one from each Fed Bank - all in an attractive binder ). These sets were limited to 500 sets - worldwide. Ordering was fouled up by the BEP, they took too many orders and had to "allocate" to correct their mistake. Anyway, these sets are not exactly setting the secondary markets on fire.

    Come to think of it, though, this fiasco may have been the inspiration for the US Mint to take orders beyond the sell-out point.

    Also, it provides an example of how buying pricey goods may not be such a good idea for the budding speculator. If there isn't much demand for an item ( think BU Platinum image ) then the secondary market may not embrace it.
  • pharmerpharmer Posts: 8,355 ✭


    << <i>Hyperion is the new Mr Coin. You can search for yourself if you type it right, look at the old threads at pcgs. It's OK it's not his diary he meant for you to read them. When you press search lots of old threads will show up but it will take TIME to read through all of them. If you look hard you will find his name and you will learn alot about coins. >>



    Will someone explain this? I hate to admit that I both don't understand, and want to.
    Quis custodiet ipsos custodes?

    Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."

    image
  • CoindexterCoindexter Posts: 1,074


    << <i>Hyperion is the new Mr Coin. You can search for yourself if you type it right, look at the old threads at pcgs. It's OK it's not his diary he meant for you to read them. When you press search lots of old threads will show up but it will take TIME to read through all of them. If you look hard you will find his name and you will learn alot about coins. >>



    Hello Johnboy.
  • rec78rec78 Posts: 5,870 ✭✭✭✭✭
    something makes me think if you can afford to buy 20 of everything the mint produces, over 10 years, you'll always wind up MAKING more money than you'll lose----- I Disagree.
    image

    Just remember the disclaimer that most stock brokerages use : "Past performance does not guarentee future success."
    image

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