<< <i>I just made this the "official" BSA thread. Let's keep all the order numbers and comments to one thread rather than clutter the boards. >>
Well modulated, Sir!
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
Can someone give me a quick rundown on this coin? Are there only so many that are minted? Are you banking on being able to make an investment on these? Are the proofs or uncirculated the best way to go? Thanks
<< <i>Can someone give me a quick rundown on this coin? Are there only so many that are minted? Are you banking on being able to make an investment on these? Are the proofs or uncirculated the best way to go? Thanks >>
IMO, these coin should have a quick flurry of re-sale activity as a short term investment and are probably not going to be a good long term investment.
If the product sells out within the week, then prices could go very high, very fast but that would more than likely not be a long term sustainable price.
The mint has been authorized to produce 350,000 of these across both Proof and Unc versions. This means a maximum mitage of 350,000. As noted, mintage limits could be increased depending upon demand.
At this point in time, these are purely speculative and selling what has been ordered could prove to be a challenge. Or, it could prove to be a windfall.
Nobody really knows at this point in time.
As for a sellout, I don't know now. The bottleneck at the mint has been cleared up which tells me that the rush is gone.
I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.
I checked the Boy Scouts website and they are already selling the proof coin for no markup at $39.95. After April 21 it goes up a whopping extra 4 dollars in price so I doubt prices on these will skyrocket if they have large supplies but who knows.
<< <i>I checked the Boy Scouts website and they are already selling the proof coin for no markup at $39.95. After April 21 it goes up a whopping extra 4 dollars in price so I doubt prices on these will skyrocket if they have large supplies but who knows. >>
They have zero supplies, just drop shipping from the Mint. Markup? Why should they? They're getting $10 for each coin sold! LOL
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<< <i>I checked the Boy Scouts website and they are already selling the proof coin for no markup at $39.95. After April 21 it goes up a whopping extra 4 dollars in price so I doubt prices on these will skyrocket if they have large supplies but who knows. >>
So I wonder how many proofs they were allocated??? There a set amount or just another door for orderring until they're gone?
I, as one of the Boy Scout Design haters. And I can honestly say this coin bothers me like no other coin ever has, have bought one uncirculated coin. I will not deface or destroy it in any way. I just figured when I'm gone and my son gets my collection (he is a 16 year old scout working on his eagle) will have a good laugh when he gets the collection and finds this coin in it, hopefully, many years from now. Believe me, no one has had to put up with my bitterness towards this PC piece of belittlement like he has. His response is, "it's just a coin Dad." Maybe by then he'll realize history is something to be learned from and cherished. If nothing else, remembering the disgust, and passion on my face should put a smile on his. One last comment---It is not enthusiasm for this coins design making it popular, it is the experience and memories many have had in scouting that will make it sell. That coupled with the "flipper" fever being driven by those memories.
Do you mean which coin will be more sustainable in price?
Traditionally, Proofs command higher premiums than Unc's but if less unc's are produced, the tables could turn.
Again, given the quantity scheduled for production I don't really see a long term money making investment here as much as I see a highly anticipated and popular product. But then, you just never really know which is why, I suppose, that so many folks have jumped into the pool.
There are hundreds of thousands of Boy Scout Leaders and millions of former Boy Scouts so the potential is certainly there. But again, you just never know and really need to look at past issues. IIRC, the Marine Commem was hugely popular and there are millions of former "The Few, The Proud, The Marines" (Once a Marine always a Marine) so the net result was a flogging of the US Mint's website and some fairly decent short term prices. But, these coins are currently available at near issue price.
I have a buddy who is a very proud Marine, yet, he knew nothing of the coin until we gave him one.
The BSA coins could be the same story, just with different characters.
I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.
Thank you Lee,right on target. This is my opinion of the coin: I completely understand the female involvement in ''the boy scouts'' However, I have never seen a 'girl' cub scout, weeblo or eagle scout. And I, as a former Den/Pack Leader am pissed off because we all know damned well there will be no boy on a girl scout coin. They should have not designed faces and stuck to symbolism, or at the very least did a design of a plain clothed mother. My mom was also very active in our outings and I respect that.
The one thing the Boy Scouts commem has going for it over the Marine Corp commem is although there are indeed millions in the past, present, and future of our military, the age group of Boy Scouts is a prime age for the young collectors to treasure one as a gift and potentionally spur our collecting community of the future. So for that reason I think it is a winner. I couldn't think of a finer collectible to give to you a young scout. I am not talking about value either, that is pure speculation and it seems like nearly ALL of the modern commems come back to issue price or below a couple of years later except for the Buffaloes. I am talking about that "first coin" given to a kid that plants that collecting seed.
Another possible aid to this commem to keep the popularity up is the coin collecting merit badge. What better advertisement than having boy scouts hear about the BSA commem in a merit badge class.
<< <i>I, as one of the Boy Scout Design haters. And I can honestly say this coin bothers me like no other coin ever has, have bought one uncirculated coin. I will not deface or destroy it in any way. I just figured when I'm gone and my son gets my collection (he is a 16 year old scout working on his eagle) will have a good laugh when he gets the collection and finds this coin in it, hopefully, many years from now. Believe me, no one has had to put up with my bitterness towards this PC piece of belittlement like he has. His response is, "it's just a coin Dad." Maybe by then he'll realize history is something to be learned from and cherished. If nothing else, remembering the disgust, and passion on my face should put a smile on his. One last comment---It is not enthusiasm for this coins design making it popular, it is the experience and memories many have had in scouting that will make it sell. That coupled with the "flipper" fever being driven by those memories. >>
I bought 1 + 1. Your ire might be misdirected. Girls were invited to attend and join the Explorers because of the far sighted leaders that recognized that when young men reach that age, their interests change. In order to keep them "reigned-in" and provide a social atmosphere that could be controlled, co-ed scouting was established. Not being in scouting for many years, I can't tell if this social experiment worked. Some other folks could share their anecdotes concerning girls in the Boy Scouts (note the capitalization).
American Numismatic Association Governor 2023 to 2025 - My posts reflect my own thoughts and are not those of the ANA.My Numismatics with Kenny Twitter Page
<< <i>Another possible aid to this commem to keep the popularity up is the coin collecting merit badge. What better advertisement than having boy scouts hear about the BSA commem in a merit badge class. >>
By the time they hear about it, it will be long sold out.
Me at the Springfield coin show: 60 years into this hobby and I'm still working on my Lincoln set!
Based upon the latest order post that I saw, I calculate that about 21,000 orders have been taken so far since the start of the ordering for the Boy Scout coin. Most of the orders are probably for the Boy Scout coin but based upon the posts, very few of the posters are ordering the maximum number of coins.
You can take whatever number of coins per order but it doesn't seem that there will be an imminent sellout today. 21,000 * 2 coins/order = 42,000 coins 21,000 * 5 coins/order = 105,000 coins 21,000 *10 coins/order = 210,000 coins 21,000 * 20 coins/order = 420,000 coins
<< <i>Based upon the latest order post that I saw, I calculate that about 21,000 orders have been taken so far since the start of the ordering for the Boy Scout coin. Most of the orders are probably for the Boy Scout coin but based upon the posts, very few of the posters are ordering the maximum number of coins.
You can take whatever number of coins per order but it doesn't seem that there will be an imminent sellout today. 21,000 * 2 coins/order = 42,000 coins 21,000 * 5 coins/order = 105,000 coins 21,000 *10 coins/order = 210,000 coins 21,000 * 20 coins/order = 420,000 coins >>
I seem to have been oblivious to the hype on the Boy Scout coins; yesterday, I received the Mint brochure and order forms. I mailed the order form off first thing this morning for one Proof and two Uncirculated coins.
Tonight, I see this thread. I immediately placed a duplicate order on the Mint's web site [ no problem logging on, BTW ] and my order starts with: 34114...
I only buy a couple of Commems and strictly for my own enjoyment... hardly an investment.
Mike Hayes ~~~~~~~~~~~~ Coin collecting is not a hobby, it's an obsession !
Spend your money on something truly rare rather than speciulating on a buy-out. The US Mint owns the presses.... And who's going to buy them anyway . Its not like they don'tcome out with 4-5 commem. dollar every year ... modern junk ? Lets hope that they still have a coin collecting merit badge.
“When you don't know what you're talking about, it's hard to know when you're finished.” - Tommy Smothers
The presence of that image of a girl in the focal point of the obverse of this boy scout coin is an anomaly which detracts, regardless of the stated justification. Since boy scouts are already overwhelmed with potential collectibles and memorabilia such as badges, handbooks, awards, and photos, I doubt this coin is really going to excite anybody. It's mainly become a speculation, hasn't it? Disclaimer: none purchased.
I will offer an opinion that the telemarketers snatched up a huge quantity of these, and that the Mint is already technically sold out, less the pieces it set aside for the BS of A to sell.
That said, I would not be surprised to see the Mint cut all large orders from 100 of each down to five of each. It has happened before.
MOO
TD
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
The BSA is an admirable group despite any philosophical differences we may have in admin or gender. If only more of our youth were involved -- our world would be better for it.
Disclaimer: Not a scout nor affiliated - but appreciative of what they have done for youth, and proud to support!
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Comments
<< <i>I just made this the "official" BSA thread. Let's keep all the order numbers and comments to one thread rather than clutter the boards. >>
Well modulated, Sir!
halfnut X3, Dabigkahuna, Kaelasdad, LALASD4, harvey85422458,
fivecents, Coll3ctor, cucamongacoin, Becoka
expected ship 4/7
order# 34103xxx
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<< <i>Can someone give me a quick rundown on this coin? Are there only so many that are minted? Are you banking on being able to make an investment on these? Are the proofs or uncirculated the best way to go? Thanks >>
IMO, these coin should have a quick flurry of re-sale activity as a short term investment and are probably not going to be a good long term investment.
If the product sells out within the week, then prices could go very high, very fast but that would more than likely not be a long term sustainable price.
The mint has been authorized to produce 350,000 of these across both Proof and Unc versions. This means a maximum mitage of 350,000. As noted, mintage limits could be increased depending upon demand.
At this point in time, these are purely speculative and selling what has been ordered could prove to be a challenge. Or, it could prove to be a windfall.
Nobody really knows at this point in time.
As for a sellout, I don't know now. The bottleneck at the mint has been cleared up which tells me that the rush is gone.
The name is LEE!
just opened this thread.... I didn't realize the "official" was really "Official"
10 and 10
hot? to the moon?
The Lincolns are still in the $60 range after a year.
last year, one forumite predicted these would be $100 at this time.
<< <i>I checked the Boy Scouts website and they are already selling the proof coin for no markup at $39.95. After April 21 it goes up a whopping extra 4 dollars in price so I doubt prices on these will skyrocket if they have large supplies but who knows.
They have zero supplies, just drop shipping from the Mint. Markup? Why should they? They're getting $10 for each coin sold! LOL
Forum AdministratorPSA & PSA/DNA ForumModerator@collectors.com | p 800.325.1121 | PSAcard.com
<< <i>I checked the Boy Scouts website and they are already selling the proof coin for no markup at $39.95. After April 21 it goes up a whopping extra 4 dollars in price so I doubt prices on these will skyrocket if they have large supplies but who knows.
So I wonder how many proofs they were allocated??? There a set amount or just another door for orderring until they're gone?
<< <i>So why the increase on April 21st? >>
They've had early purchaser discounts for a while now...
<< <i>tell me Lee, proof or unc? >>
Huh?
Do you mean which coin will be more sustainable in price?
Traditionally, Proofs command higher premiums than Unc's but if less unc's are produced, the tables could turn.
Again, given the quantity scheduled for production I don't really see a long term money making investment here as much as I see a highly anticipated and popular product.
But then, you just never really know which is why, I suppose, that so many folks have jumped into the pool.
There are hundreds of thousands of Boy Scout Leaders and millions of former Boy Scouts so the potential is certainly there. But again, you just never know and really need to look at past issues. IIRC, the Marine Commem was hugely popular and there are millions of former "The Few, The Proud, The Marines" (Once a Marine always a Marine) so the net result was a flogging of the US Mint's website and some fairly decent short term prices. But, these coins are currently available at near issue price.
I have a buddy who is a very proud Marine, yet, he knew nothing of the coin until we gave him one.
The BSA coins could be the same story, just with different characters.
The name is LEE!
<< <i>I, as one of the Boy Scout Design haters. And I can honestly say this coin bothers me like no other coin ever has, have bought one uncirculated coin. I will not deface or destroy it in any way. I just figured when I'm gone and my son gets my collection (he is a 16 year old scout working on his eagle) will have a good laugh when he gets the collection and finds this coin in it, hopefully, many years from now. Believe me, no one has had to put up with my bitterness towards this PC piece of belittlement like he has. His response is, "it's just a coin Dad." Maybe by then he'll realize history is something to be learned from and cherished. If nothing else, remembering the disgust, and passion on my face should put a smile on his. One last comment---It is not enthusiasm for this coins design making it popular, it is the experience and memories many have had in scouting that will make it sell. That coupled with the "flipper" fever being driven by those memories. >>
I bought 1 + 1. Your ire might be misdirected. Girls were invited to attend and join the Explorers because of the far sighted leaders that recognized that when young men reach that age, their interests change. In order to keep them "reigned-in" and provide a social atmosphere that could be controlled, co-ed scouting was established. Not being in scouting for many years, I can't tell if this social experiment worked. Some other folks could share their anecdotes concerning girls in the Boy Scouts (note the capitalization).
We should demand a Boy on the 2012 Girl Scout Commem.
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Doing my best to introduce Young Numismatists and Young Adults into the hobby.
<< <i>Another possible aid to this commem to keep the popularity up is the coin collecting merit badge. What better advertisement than having boy scouts hear about the BSA commem in a merit badge class. >>
By the time they hear about it, it will be long sold out.
60 years into this hobby and I'm still working on my Lincoln set!
1 unc @ 5:42cmt #34113xxx
23 orders difference in 1 minute
3/23/10 5:52
Order # 34113***
Backordered 4/07/10
Menomonee Falls Wisconsin USA
http://www.pcgs.com/SetRegistr...dset.aspx?s=68269&ac=1">Musky 1861 Mint Set
Most of the orders are probably for the Boy Scout coin but based upon the posts, very few of the posters are ordering the maximum number of coins.
You can take whatever number of coins per order but it doesn't seem that there will be an imminent sellout today.
21,000 * 2 coins/order = 42,000 coins
21,000 * 5 coins/order = 105,000 coins
21,000 *10 coins/order = 210,000 coins
21,000 * 20 coins/order = 420,000 coins
<< <i>Based upon the latest order post that I saw, I calculate that about 21,000 orders have been taken so far since the start of the ordering for the Boy Scout coin.
Most of the orders are probably for the Boy Scout coin but based upon the posts, very few of the posters are ordering the maximum number of coins.
You can take whatever number of coins per order but it doesn't seem that there will be an imminent sellout today.
21,000 * 2 coins/order = 42,000 coins
21,000 * 5 coins/order = 105,000 coins
21,000 *10 coins/order = 210,000 coins
21,000 * 20 coins/order = 420,000 coins >>
I seem to have been oblivious to the hype on the Boy Scout coins; yesterday,
I received the Mint brochure and order forms. I mailed the order form off
first thing this morning for one Proof and two Uncirculated coins.
Tonight, I see this thread. I immediately placed a duplicate order on the
Mint's web site [ no problem logging on, BTW ] and my order starts with: 34114...
I only buy a couple of Commems and strictly for my own enjoyment... hardly an investment.
~~~~~~~~~~~~
Coin collecting is not a hobby, it's an obsession !
New Barber Purchases
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
``https://ebay.us/m/KxolR5
at 8pm est
<< <i>Spend your money on something truly rare rather than speciulating on a buy-out. >>
What do you think happened with the 60 2001 Buffalos I bought? I traded them for a Flowing Hair Dollar, and then some.
That said, I would not be surprised to see the Mint cut all large orders from 100 of each down to five of each. It has happened before.
MOO
TD
The BSA is an admirable group despite any philosophical differences we may have in admin or gender. If only more of our youth were involved -- our world would be better for it.
Disclaimer: Not a scout nor affiliated - but appreciative of what they have done for youth, and proud to support!
- Order of the Arrow!!
<< <i>Anyone know the amount of silver in this coin? >>
from the mint: coin specs at the bottom
<< <i>Anyone know the amount of silver in this coin? >>
.77334 OZ pure silver.