Who is not buying the 2008 Jackson Liberty bullion thingy?

renman95

I know...this should be on the other forum but when these "spouses" came out posters where screaming that these are nothing but bullion and will sell for no more than bullion in the future.

So here we are.

I was very excited about this series and have gone from collecting one unc from each "spouse" to collecting just the Liberty sub-series to now having no interest...especially at these prices. There seems to be no rhyme or reason for the Mint's pricing. Just do a comparison of AGE and "spouse" coins. Somehow gold is more expensive when it comes to "spouses."

I may pick and choose some low mintage bullion/coins(?) over the next few years. There should be some real low mintage beauties. Two words: Jackie Robinson. Here is a is a plain 10 year old $5 coin with a baseball on the reverse with a mintage of 5,174 going for mucho dinero. Liz Monroe unc is around 4,100 and Louisa Adams unc is around 2,400. I know these can be minted to demand until the end of December but I just don't see large number surge....maybe a couple of hundred coins for astute hawking flippers.

Ren

COINB0Y

Better watch out they will start a Spouse Gold Forum or worse yet, a Liberty Spouse Forum

Deadhorse

Should have put up a poll. I suspect it would be overwhelming on the "NO" side.

Zero interest here.

I can see numismatics taking a swoon for the near future, I believe it's already starting.

Disposable income isn't as disposable as it used to be.

rgCoinGuy

I also wanted to collect the 4 liberty coins in proof. I have the Jefferson. I did not and won't purchase this from the mint unless gold hits 1200 and its still available then. I figure I will be able to buy them on ebay in a year or so for close to melt, like the Jefferson I bought a couple months ago.

mhammerman

It's not a bad coin, the obverse is easy to look at; if gold spot was a K then maybe.Old Hickory

OPA

Nice looking bullion piece ... but at about 50% above spot .. I'll wait & see if I can pick one up on ebay in the future closer to melt.

Joflax

Not for me at this price

fc

<< <i>Should have put up a poll. I suspect it would be overwhelming on the "NO" side.

Zero interest here.

I can see numismatics taking a swoon for the near future, I believe it's already starting.

Disposable income isn't as disposable as it used to be. >>



I agree. the coin is a no brainer no buy. a pathetic attempt at being the franklin mint
will eventually turn into a coin that will sell for slightly over spot soon. of course the
plastic folks with their 70s will say that is not the case... sigh.

the coin market is already slowing down in my opinion. dealers will never say otherwise
though and lead the sheep to the slaughter. but i do not blame them for that.

tincup

I really like the coin.... but the markup is IMO unacceptable. The US Mint is testing the waters to see just how much they can milk out of the buyers. The only reason there is any demand at all right now is because of the hoopla to get the First Strike on the slab. Once the coins are no longer eligible for this, and if gold has not gone back up in price, then the demand will greatly lessen.

Bullion + 5% on eBay in a year.

HonoluluDude

<< <i> Bullion + 5% on eBay in a year. >>

I agree. But there are those who still drink the Mint Kool-Aid.

ttown

I like the coin and want it but I'll wait gold would have to be $1200 dollars an ounce to hit bullion value. Maybe a good low mintage collectable but I'll take my chances everything these days seems to be low mintage but without a core group to collect a series there won't be the demand IMO. I collect plats and like that series much better.

percyb

<< <i>Better watch out they will start a Spouse Gold Forum or worse yet, a Liberty Spouse Forum >>



And then a Gold liberty spouse forum!

I wouldn't pay those price for the suckers

fastrudy

Mint Kool-Aid.

All time worst flavor of Kool-Aid

jmski52

It's interesting to watch the mintages of the First Spouse Coins declining with each new issue. It was a predictable trend, but it's more accentuated now because of the declining economy.

The Mint's predatory pricing structure isn't much help, either.

When will the low point come? I don't think that we're there yet.

57loaded

i was on board for the Liberty set of four coins (unc and pr) for the eye candy of seeing a classic design in gold proof and unc. raw of course, no coffins for these.

now with the mark-ups over bullion insane and the volitility of the COMEX nutty, i think i will just be a frugal collector of the medal 'liberty" and get 50 or so. they make super-duper cool trinkets to give to my customers.

(even though these copper medals probably carry a steeper markup over their melt than the gold)

57loaded

<< <i>Mint Kool-Aid.

All time worst flavor of Kool-Aid >>



well said!

renman95

<< <i>It's interesting to watch the mintages of the First Spouse Coins declining with each new issue. It was a predictable trend, but it's more accentuated now because of the declining economy.

The Mint's predatory pricing structure isn't much help, either.

When will the low point come? I don't think that we're there yet. >>



jmski, I don't understand the term predatory pricing. It reminds me of the real estate media's recent term of predatory lending. It's all up to the buyer. No one is holding a gun to our heads to buy this coin or that property. The Mint is full aware, or should be, that their pricing is hurting volume. But...the astute buyer can be a shark, no...predatory buyer, when he sees an ultra low mintage coin in the making.

I see some predatory buying in the "spouses" future.

I also think that the economy will continue to wane for a long time (imho) and we are entering a period of "spouses" that no one has any interest except for maybe Mrs. Lincoln. We may have to wait until Eleanor Roosevelt for the interest to spark again. And, we have to wait until 2014 for that possible spark. Most people who remember will probably be dead.

Ren