Is secondary market demand for modern US Mint products softening?

Is the profusion of expensive new issues taking its toll on collector interest? What about the decision to resume sales of some 2005 issues?
All glory is fleeting.
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Details, please.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i>What about the decision to resume sales of some 2005 issues?
Details, please. >>
I believe sales of some of the 2005 proof sets (silver?) was resumed. Correct me if I'm wrong.
rather sucked some of the wind out of the Modern market.
once the high level of sales of these sets moderate and demand
catches up to supply ,we will see stabilization anfd a general increase
in values of the sets and other Mint modern products.
Camelot
The massive amount of money flowing into the bank account of the mint has to be taken from someplace.....
I see it more as a temporary cash flow problem for some big time collectors/dealers then anything else.....
Legislation for the Westward Journey nickels prohibited them being sold after 12/31/05. This affected sets that included the nickels as well. So, the Mint took them off the market at the end of last year. Subsequently, the Mint successfully sought an amendment to the legislation and then put the sets back on sale (sometime around mid year I believe).
You can read the Mint's press release on this here.
WH
Wow! That is completely obnoxious.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
We all know the reason, but it is not a good one.....
Can't imagine they are selling more then a small handful each week.....
Parker
My goodness - $300 million of gold buffalo sales and it didn't even take sales away from the standard AGE issues! I can't see how the secondary market can continue to absorb all this stuff.
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
<< <i>There is not a single reason that these coins from 2005 still need to be on sale.....
We all know the reason, but it is not a good one.....
Can't imagine they are selling more then a small handful each week..... >>
I have a feeling the same will happen with this years Old Mint Commems. At least that's for a good cause, but this extension of deadlines is not a good habit for the Mint to be getting into IMHO.
Did they not do this back in the day with the Bicentennial material as well.....
That is an excellent analogy.
(Sorry about the Steelers
I have stacks and boxes are cards which are probably worth about what I can get out of them heat wise.....
The ads in the numismatic press have shown widespread declines in modern proof sets in the past weeks.
Has the mint again killed the golden goose? Is it 1995 all over again?
<< <i>Does the baseball card industry even exist anymore?
I have stacks and boxes are cards which are probably worth about what I can get out of them heat wise..... >>
"Baseball card shops, once roughly 10,000 strong in the United States, have dwindled to about 1,700. A lot of dealers who didn't get out of the game took a beating. "They all put product in their basement and thought it was gonna turn into gold," Alan Rosen, the dealer with the self-bestowed moniker "Mr. Mint," told me. Rosen says one dealer he knows recently struggled to unload a cache of 7,000 Mike Mussina rookie cards. He asked for 25 cents apiece."
From Dave Jamieson's July 2006 Slate article on the subject. I thought it was interesting.
Article
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
Everyone who collects modern bullion coins by date must have these lower minted coins in order for their sets to be considered complete. Once they have one, chances are they will not be selling it for a long time. And, when they die, many families keep the collection intact for sentimental reasons. All the while, new collectors are entering the hobby and starting year sets from scratch. In my opinion, it is almost certain that new collectors will outnumber those willing to sell. This continual pressure on the limit supply years will force prices up. I’d take one rare date over any quantity of common dates that currently add up to the same value.
NO it will only continue to strengthen and also reach new highs...........collectors do not waNT THE OLDER coinage only modern usa mint products and this is what is keeping the market and the slabbing services afloat along with many individual dealers profiting emminsely from all this while offering even stronger buy backs then what they just sold their slabbed ultra high grade mint products for
it can only get better..... and as an added plus gold and silver are on the rise
<< <i>...offering even stronger buy backs... >>
Sounds like the defination of Market Maker.
year in modern coins has me feeling very strange. feels too much like
the early 1990's card crash.
not trying to be negative here but the U.S. mint is destroying the
golden goose a little bit at a time. the details on the 2007 proof
sets is just another good example. their pricing is TOTALLY OUT
TO LUNCH. how many clad proof sets are you going to buy at $45??
Box of 20
the pres dollar series bring to the hobby.....
Well, just Love coins, period.
The ASE and AGE 20th issues will be future winners and will not soften (at least not too much) after it settles out some. The reason has already been mentioned.... like it or not, the eagles are collected as a series, and as such, the reverse proof will remain a key. These are a set that will be popular with the generations into the future, and they will collect these instead of collecting series of Franklins or Barbers, etc.