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Hockey Pucks have no support
ScarsdaleCoin
Posts: 5,199 ✭✭✭✭✭
this is just my own take on it.... other than greed factor, someone buying it for $1,100 and reselling it higher... I have not seen much collector interest in them at any shows....
IMHO they are ugly and I notice some of the dealers who bought at the higher prices $2,000-$2,500 hoping to sell for more getting a bit edgy thinking that they may not move....
case in point... past weekend 3 were available for around $2,500 and did NOT move.....
now some of you may jump in and say fleebay etc.... but I still dont see as much interest as say the High Relief from past year that collectors were excited about and actually wanted to own...
As aways we are a buyer of them at 99% melt!
IMHO they are ugly and I notice some of the dealers who bought at the higher prices $2,000-$2,500 hoping to sell for more getting a bit edgy thinking that they may not move....
case in point... past weekend 3 were available for around $2,500 and did NOT move.....
now some of you may jump in and say fleebay etc.... but I still dont see as much interest as say the High Relief from past year that collectors were excited about and actually wanted to own...
As aways we are a buyer of them at 99% melt!
Jon Lerner - Scarsdale Coin - www.CoinHelp.com
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The name is LEE!
I wonder how long before the music stops!?!?
<< <i>Yeah, this is going to be interesting. I wanted them at melt+"reasonable markup" but not at their current prices.
I wonder how long before the music stops!?!? >>
When the MINT releases the "P".
Loves me some shiny!
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i>Your assessment does not surprise me at all. >>
Really? Just yesterday you were insistent that these were not bullion.
-Paul
At least with the first few First Spouse coins, I held them long enough that their bullion value brought a profit.
I'm only buying 1 set of ATB coins from an AP so my exposure (and downside) is limited. I plan to keep it that way!
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<< <i>Your assessment does not surprise me at all. >>
Really? Just yesterday you were insistent that these were not bullion.
-Paul >>
He didn't say that he agreed with the assessment. Perhaps he does, but maybe he doesn't.
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
Of course they do, even if not at the $2500 level.
I could have a 1909-s vdb raw cent out there for $5000 and conclude that that date has no support because it didn't sell????
Faulty logic.....
Once the series is established THEN we can determine is there is a following or not and what the market is..I think these will be the key of the non-collector (sounds weird) version and future issues will be much easier (and cheaper) to obtain...
I hope that makes it a little more clear as to my point...
Re how many sets... None, however since my number is a real bid... that would be a bottom level support number... if someone offers $500 over melt and is willing to buy them at that price....then that would be the market bid.... buying 1 set at a high number is not a bid....offering to always buy them is a market maker... fair enough?
I will be curious to hear what other dealer bids are at the Long Beach show, if there are any coming out with them.
<< <i>let me add.... no support at the higher level.... I agree there is a number that all items level to...that is what a market is.... price a buyer and seller will pay .... I just think that that level $$$ number is much lower than all they current hype is right now....
I hope that makes it a little more clear as to my point...
Re how many sets... None, however since my number is a real bid... that would be a bottom level support number... if someone offers $500 over melt and is willing to buy them at that price....then that would be the market bid.... buying 1 set at a high number is not a bid....offering to always buy them is a market maker... fair enough? >>
A truly mind breaking revelation...You didn't invent the circle did you?
<< <i>this is just my own take on it.... other than greed factor, someone buying it for $1,100 and reselling it higher... I have not seen much collector interest in them at any shows....
IMHO they are ugly and I notice some of the dealers who bought at the higher prices $2,000-$2,500 hoping to sell for more getting a bit edgy thinking that they may not move....
case in point... past weekend 3 were available for around $2,500 and did NOT move.....
now some of you may jump in and say fleebay etc.... but I still dont see as much interest as say the High Relief from past year that collectors were excited about and actually wanted to own...
As aways we are a buyer of them at 99% melt! >>
Seems the pucks are following the "Trimes" market
it is very amusing that "collectors" who would scorn privately issued multi-oz silver "tributes" to other coins or bills, would find these desirable.
prediction: melt value inside of a year. that's the support level. And many will get melted.
Liberty: Parent of Science & Industry
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<< <i>Your assessment does not surprise me at all. >>
Really? Just yesterday you were insistent that these were not bullion.
-Paul >>
He didn't say that he agreed with the assessment. Perhaps he does, but maybe he doesn't. >>
Oh I fully "agree" with his assessment and have never said these were anything other than inflated bullion.
The name is LEE!
These are about as interesting as the old Panama 20 Balboa Coins from the era of Franklin Mint NCLT coinage, IMHO.
I was better off before!
285 million people visited the national parks in 2009. This doesn't count the national forests, etc. No, there is clearly no base that will be interested in these.
<< <i>No support is a crock. We finally have a collectable modern series set of coins not highlighting dead people, recycled classic images, or abstractions of Liberty. Quite frankly, I'm bored of all three. These are what we should be doing: showing great places and things--tangible things-- that make this country famous. I'm not saying there aren't any problems with the designs, but right now these are the best we have.
285 million people visited the national parks in 2009. This doesn't count the national forests, etc. No, there is clearly no base that will be interested in these. >>
Very well said, those are my sentiments also.
The 2011 designs are outstanding.
<< <i>Everyone is assuming that its the set that everyone wants, I submit that individual coins will do better. I live in Oregon, and really want the Mt. Hood and don't really care for the Hot Springs. However if you are from Arkansas the Hot Springs would probably float your boat more than Mt. Hood. The issues that have broader national appeal will do better, Yosemite and Jellystone. >>
I really want the Frank Church River of No Return Wilderness, but that's not coming out until 2019. I want it because I don't think they'll be able to fit all of that on the coin.
that could easily be because they are selling for $2000+- on ebay which I will determine as market value because that's what they are selling for.
Every coin has a "price" or "value".
The fact that $2500 has no takers just means that the price was just to high.
Clearly your a buyer at 99% of melt. I would pay 100% of melt. Other people seem to be willing to pay $2000.
<< <i>No support is a crock. We finally have a collectable modern series set of coins not highlighting dead people, recycled classic images, or abstractions of Liberty. Quite frankly, I'm bored of all three. These are what we should be doing: showing great places and things--tangible things-- that make this country famous. I'm not saying there aren't any problems with the designs, but right now these are the best we have.
285 million people visited the national parks in 2009. This doesn't count the national forests, etc. No, there is clearly no base that will be interested in these. >>
I wouldn't put too much weight in that 285 million figure since historically speaking, folks that visit National Parks are not necessarily interested in Commemorative Coin Collecting for the parks otherwise, the Yellowstone National Park Silver Dollar Commemorative would have been a sell out at 500,000 coins. It only sold 268,158 coins across both Proof and Unc AND in two coin sets.
Another loser was the Boy Scout commemorative which had a challenge selling 350,000 coins to 6+ million Registered Scouts and Scouters.
The name is LEE!
PinkFloyd
Have you actually seen one in hand?
The metal bar coasters that my local gas station hands out with a fill up are nicer!
The only crock is how bad the Mint did with this design... and I agree we should be putting interesting things on coins.... just think what we could put on as a subject that people really would collect..... Presidents wife!!! come on ...really
As a past employee of Yosemite--this does put me at a bias toward these--it's apparent to me that there are visitors from every walk of life and demographic. How many coin collectors live in Fresno, San Fran, LA and everywhere in between....alone? While we're generalizing about who is visiting the parks, I have to say that a large percentage of the folks I've spoken to in that park fit the coin-collector demographic quite well.
Boy scouts probably aren't going to be as interested in something that toots their own horn--rather--they'd be interested in something that celebrates what they're into: the outdoors. No surprise on the lackluster sales there. Plus, a good percentage of those scouts are what...12? How many 12-year-olds do you know who have the money to buy 5-oz silver coins?
Yellowstone commemorative didn't/doesn't have nearly the visibility these have. 268,158 is pretty lackluster if you're trying to move 500,000 coins. But the 5 ozer is 60,000 between both options. Plus, it's part of a series set that may grow a collector base.
I'm not saying there aren't problems with these. We don't know if the size and the silghtly cartoony images (though I love Mt. Hood and a number of the 2011 designs) will create a following, but I'm betting they will.
<< <i>Let's put a few sets on eBay at $1200 and see if there's any "support". I bet there is, and lots of it. >>
Yes , there would be , mostly from the usual flippers.
I've got to say that these "coasters" do nothing for me on any level.
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<< <i>Let's put a few sets on eBay at $1200 and see if there's any "support". I bet there is, and lots of it. >>
Yes , there would be , mostly from the usual flippers. >>
Correct!
Worry is the interest you pay on a debt you may not owe.
Not a good comparison if that was your point. The BS commem was just gushing with PC. To put a girl on a boy scout coin is stupid beyond belief and that probably cut the sales down to mostly novice flippers and a few who love to collect PC stuff. I don't mean to stir the pot again on these but I think it had to be said in light of this comment.
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<< <i>Let's put a few sets on eBay at $1200 and see if there's any "support". I bet there is, and lots of it. >>
Yes , there would be , mostly from the usual flippers. >>
Correct! >>
I think the flippers are mainly those who got original sets. I would guess that those who bought at $1500 or more would be better described as collectors. Most of the flipping is from those who got multiples and are selling one or two to reduce the cost of the set they plan to keep. That is just how I see it.
<< <i>
<< <i>
<< <i>
<< <i>Let's put a few sets on eBay at $1200 and see if there's any "support". I bet there is, and lots of it. >>
Yes , there would be , mostly from the usual flippers. >>
Correct! >>
I think the flippers are mainly those who got original sets. I would guess that those who bought at $1500 or more would be better described as collectors. Most of the flipping is from those who got multiples and are selling one or two to reduce the cost of the set they plan to keep. That is just how I see it. >>
I think the point was who would be interested at 1200 per set on the bay , i agree flippers maquerading as collectors do the hobby an injustice by purchasing multiple sets soley to recoup the price of a set or as more likely attempt a large profit.Perhaps it's why some collectors are not interested.
Is it impossible to be a "flipper" and a "collector" at the same time or are they all masquerading?
my intention was to keep a few sets for myself.
I've gotten one and it's going out the door.
Separately, I think even collectors like myself see the money to be made with the flip and are going for it, as we expect prices to fall later.
I think we'll see the real collector interest pick up once the dust settles on the flipping.
That said, the reverse designs are enough to make them worth keeping.
However, the jumbo quarter obverse is so ridiculous looking I'm surprised more isn't being made about it.
I liken it to the Hershey's kiss (quarter) and the Jumbo boxed one they sell a lot of near Valentine's (the puck). One is a kiss, the other is something obscene.
--Severian the Lame