Boy Scouts Coin Sales Hit 76% of Maximum,
boucharda
Posts: 2,941
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boucharda
Posts: 2,941
boucharda
Posts: 2,941
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"The latest Mint’s sales figures as of Sunday, March 4, show an astonishing 266,517 of the pieces were sold, with 179,976 proof and 266,517 uncirculated for a weekly increase of 51,844. More than 76 percent of the maximum authorized mintage are now gone."
Okay, so were a total of 266,517 coins sold or was it 266,517 uncs?
<< <i>They seem somewhat confused on just how many of what has been sold!
"The latest Mint’s sales figures as of Sunday, March 4, show an astonishing 266,517 of the pieces were sold, with 179,976 proof and 266,517 uncirculated for a weekly increase of 51,844. More than 76 percent of the maximum authorized mintage are now gone."
Okay, so were a total of 266,517 coins sold or was it 266,517 uncs? >>
256k is 76% of 350k. So, if the proof numbers are correct, then 86,541 uns have been sold.
<< <i>I still do not see these selling out in the next month. >>
Jesse, don't look a potential "gift horse" in the mouth. These will definitely sell out ... get your order in now
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<< <i>I still do not see these selling out in the next month. >>
Jesse, don't look a potential "gift horse" in the mouth. These will definitely sell out ... get your order in now
Maybe for a little while, I believe the new coin smell will wear off this gift a short time after they sell out. The flippers will be trying to unload them before the bottom drops. Remember the Marine corp coin? Sure there were more, but still not nearly enough for every Marine, past or present. How many present scouts willing to lay down the bucks for this or toward a new video game is the question. As for past scouts, with a few exceptions, I believe the coin collecting bug must already be present. Although I have no proof, I would still venture (no pun intended) to say most of these coins are in the hands of folks that have little interest in scouting and more interest in coins themselves or flipping. I'm not a person to hope a coin is a flop, I hope it does well (though I'm not overly crazy about the design), especially for the folks that this has a lot of meaning to. I just don't see the momentum going much past the sellout. When you have folks buy in anticipation of a sellout alone, instead of an outstanding design, that raises a flag in my mind. I do hope the people that want one can get it at the Mint price.
<< <i>How many present scouts willing to lay down the bucks for this or toward a new video game is the question. >>
almost 0.
I think the thinking is "gift from adult."
<< <i>When you have folks buy in anticipation of a sellout alone, instead of an outstanding design, that raises a flag in my mind. >>
It does in mine as well.
<< <i>
<< <i>How many present scouts willing to lay down the bucks for this or toward a new video game is the question. >>
almost 0.
I think the thinking is "gift from adult."
<< <i>When you have folks buy in anticipation of a sellout alone, instead of an outstanding design, that raises a flag in my mind. >>
It does in mine as well. >>
I find it very interesting how a bunch of newbies all of a sudden show up in the big hype thread. Pump and dump written all over this one. I do not see a sell out either. The new return policy at the Mint will cause a lot of anxiety among flippers who will flood the Mint with returns. Just my take on it and I've been watching this same senario play out over and over for almost 10 years now. Buy 'em if you want to collect them but don't expect to get rich from this dog of a coin.
<< <i>
<< <i>How many present scouts willing to lay down the bucks for this or toward a new video game is the question. >>
almost 0.
I think the thinking is "gift from adult."
<< <i>When you have folks buy in anticipation of a sellout alone, instead of an outstanding design, that raises a flag in my mind. >>
It does in mine as well. >>
Even in the "gift from adult" you may be surprised. Co-worker was going to buy one or two for scouts she knows. She talked to her daughter before doing so, though, and the daughter said the kids wouldn't be interested. So, she didn't buy. I don't think a lot of scouts would even care for one from an adult....if they had any say in it....particularly with the girl on the coin.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
<< <i>
<< <i>
<< <i>How many present scouts willing to lay down the bucks for this or toward a new video game is the question. >>
almost 0.
I think the thinking is "gift from adult."
<< <i>When you have folks buy in anticipation of a sellout alone, instead of an outstanding design, that raises a flag in my mind. >>
It does in mine as well. >>
Even in the "gift from adult" you may be surprised. Co-worker was going to buy one or two for scouts she knows. She talked to her daughter before doing so, though, and the daughter said the kids wouldn't be interested. So, she didn't buy. I don't think a lot of scouts would even care for one from an adult....if they had any say in it....particularly with the girl on the coin. >>
If the "giving" adult is a coin collector I can see it as a way to try and foster a new YN, that may happen to be a scout. But there are two factors working there, an adult collector and a youngster with the inclination to collect. Tough proposition. It takes a special kid to have an interest in collecting coins, these days. They are out there, but for most the bug doesn't bite until later in life. Great if you know such a kid.
I wonder if getting one of these coins in the future will rate a merrit badge?
<< <i>The international market is another factor. Scouting is popular worldwide. >>
Good point, I just wonder how popular Scouting and Numismatics are combined abroad. Plus, it is a Boy Scouts of America coin after all.
<< <i>
Good point, I just wonder how popular Scouting and Numismatics are combined abroad. Plus, it is a Boy Scouts of America coin after all. >>
I think there's quite a bit of crossover collecting. I've sold English commemorative medals of the Boys' Brigade on eBay and they seem to garner attention from Boy Scout collectors, as well.
(The Boys' Brigade is a Christian youth organization whose object is "The advancement of Christ's kingdom among Boys and the promotion of habits of Obedience, Reverence, Discipline, Self-respect and all that tends towards a true Christian manliness.")
The BB's official literature describes the organization's history:
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"William Smith had started as a a teacher in the Sabbath School which was held in the mission hall, where he found that the older boys were bored and restless. They were suspicious of teachers who told them to sit still, make less noise, and generally behave themselves --- in short, they were typical teenagers! He compared this with the time he spent on a Saturday afternoon, as a Lieutenant with the volunteers, when he had no difficulty in making a hundred men obey his every word of command on the nearby drill ground."
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In late 1883 Smith founded the Brigade in order to instill in the boys the same "military order, obedience, discipline and self-respect as the volunteers." This was more than twenty years before Lord Baden-Powell founded the Boy Scouts movement.
So great was Smith's service to the United Kingdom in his work with its youth that he was knighted by King Edward VII in 1909.
People who avidly collect Boys' Brigade memorabilia also often collect Scout memorabilia, and vice versa. 350,000 coins might be a good number for the U.S. market (if a bit low); I believe the international audience will also want this coin.
Too my surprise they are getting a lot more attention then I thought they would, all averaging over $40 with multiple bids.....so I have renewed faith in the Proof's...ordered more the other day, I really think now because of the interest That I have seen recently ....in the long run.....(about a month) these will do well...
edited to add.......I shipped one of them to Spain.
The combined weekly increase for the BSA coins comes in at 23,875. The last Mint sales report showed a weekly increase of 51,844.
With a 350,000 max limit, the coins have reached 83.0 percent of their maximum authorized mintage.