Modern Commems so unloved

lightcycler

they are selling below spot.

http://cgi.ebay.com/1986-U-S-Liberty-Silver-dollar-and-half-dollar-proofs-/140533794599?pt=Coins_US_Individual&hash=item20b8778727




That does not count the fact they are proof and the clad half. Just the silver content is worth 37.8 at todays silver price. Set sold for 29. Shipping $5. So even shipped its under spot. Man how crazy is that?

blu62vette

link

I think you are high on the silver value, the half is clad.

Regardless they are not loved but on the other hand I like having bullion in proof form.

dcarr

Silver scrap value at the moment is right about $33.
Shipping was $5. So the buyer paid $34 total.
Counting the copper-nickel clad half dollar at face value,
the buyer paid 50 cents over scrap value.

lightcycler

Thanks guys for getting me straight. I have a ton of commems in the closet I bought last year. Guess I'm torn a bit. Takes up a lot of space and not easy to store but thinking at somepoint the love will increase. For now holding as part of my silver holdings. Would be great to convert to easier to store medium. Won't at those prices though.

ambro51

March 2011 has an eye opening article on Whats Hot Whats Not, and as you have learned....your issues are in the forefront of 'whats not'. Will they increase in value? Sure...but they have to bottom (which means most need to be melted to reduce the population sufficently that they meet collector demand. If that means a melt off of 90 percent...that may be what it takes. Thats not unusual in coin series, large cents, gold dollars...they have seen that happen.

can you wait out this period? well...it may take a whole new generation of collectors to begin to appreciate them. Commems go in cycles, hot cold hot cold

But the US Mint has entered into the same situation as to what killed the first generation of commems, lack of artistry and overproduction of issues aimed at obscure causes. collector demand is non existant since to keep up with current mint issues per subscription for issues that seem to be nothing but money losers has finally entered into that grey spongy thing between the bone case atop ones shoulders.

Sonorandesertrat

<< <i>March 2011 has an eye opening article on Whats Hot Whats Not, and as you have learned....your issues are in the forefront of 'whats not'. Will they increase in value? Sure...but they have to bottom (which means most need to be melted to reduce the population sufficently that they meet collector demand. If that means a melt off of 90 percent...that may be what it takes. Thats not unusual in coin series, large cents, gold dollars...they have seen that happen.

can you wait out this period? well...it may take a whole new generation of collectors to begin to appreciate them. Commems go in cycles, hot cold hot cold

But the US Mint has entered into the same situation as to what killed the first generation of commems, lack of artistry and overproduction of issues aimed at obscure causes. collector demand is non existant since to keep up with current mint issues per subscription for issues that seem to be nothing but money losers has finally entered into that grey spongy thing between the bone case atop ones shoulders. >>

questor54

<< <i>

<< <i>March 2011 has an eye opening article on Whats Hot Whats Not, and as you have learned....your issues are in the forefront of 'whats not'. Will they increase in value? Sure...but they have to bottom (which means most need to be melted to reduce the population sufficently that they meet collector demand. If that means a melt off of 90 percent...that may be what it takes. Thats not unusual in coin series, large cents, gold dollars...they have seen that happen.

can you wait out this period? well...it may take a whole new generation of collectors to begin to appreciate them. Commems go in cycles, hot cold hot cold

But the US Mint has entered into the same situation as to what killed the first generation of commems, lack of artistry and overproduction of issues aimed at obscure causes. collector demand is non existant since to keep up with current mint issues per subscription for issues that seem to be nothing but money losers has finally entered into that grey spongy thing between the bone case atop ones shoulders. >>



>>



Not all modern commemoratives are in the same boat. If you buy the dollars close to silver value and the quarter eagles close to gold value, hard to see how you can go wrong by using the common issues as a way to accumulate gold and silver. On the other end of the scale, some of the scarce issues have crazy small mintages. And, every once in a while there is a high mintage common issue that peope just seem to like (such as the Bison).

In a market where people pay a couple of grand for a MS68 circulation strike statehood quarter, I will stick with the silver and gold commemoratives (bought right) all day long.

BillJones

It's a shame that all modern commemorative coins get painted with the same brush, but interesting the same complaints we hear today were voiced back in the 1930s and ultimately the 1950s about the "old" commemorative coins.

There are some very nice designs in the series, but high mintages, too many coins covering inane subjects and collector fatigue have killed the series.

Zoins

<< <i>It's a shame that all modern commemorative coins get painted with the same brush, but interesting the same complaints we hear today were voiced back in the 1930s and ultimately the 1950s about the "old" commemorative coins. >>

Can we say the CCHDs also suffer from a lack of demand? At least for non condition rarities?

<< <i>There are some very nice designs in the series, but high mintages, too many coins covering inane subjects and collector fatigue have killed the series. >>

Some modern commems are still holding up well. The ones I like include LOC bi-metallic and 2001 buffalo silver dollar. The former has a low mintage while the latter has a very high mintage.

questor54

I really agree about the collector fatigue. I think Congress should take a break on ordering new issues for five years or so.

Having said that, some of the Olympic issues (such as the wheelchair racer and tennis in MS) are genuinely scarce coins with the worldwide appeal of a popular topic. The Jackie Robinson issue is always going to be popular. Ditto the Bison. Ditto the bi-metallic $10 - the only bi-metallic coin in all of US history so far.

I think I should be talking these down instead of talking these up - so the prices don't rise further.

fivecents

For years dealers laughed at me buying up all the common modern commemorative silver dollars on the coin show bourse floor. Now they refer to me as .....THE MAN!

Heres a pile of better dates:

RWB

But the US Mint has entered into the same situation as to what killed the first generation of commems, lack of artistry and overproduction of issues aimed at obscure causes. collector demand is non existant since to keep up with current mint issues per subscription for issues that seem to be nothing but money losers has finally entered into that grey spongy thing between the bone case atop ones shoulders.

You seem to be blaming the US Mint for something that is largely the fault of Congress. Yes, the designs are the Mint's responsibility; however, there are workable plans to improve the artistic quality. But the rest is stipulated by Congress.

questor54

It ain't no different than generic uncirculated Morgans. I respect all the coins.

Too common? It's a good way to hold silver.

Scarce and nice? Slab 'em and keep 'em or sell 'em.

One thing about the modern commemoratives is that 69 is a 'miss' for most issues when slabbed.

Zoins

<< <i>Too common? It's a good way to hold silver. >>

I agree. Fun, cheap and a good opportunity for appreciation.

ambro51

IF they wanted to make commems collectable and valuable again, make them circulating clad issues, and then release them all into circulation in the main city or whatever they are honoring. Just....set them free, by banks, local commerce....

pretty soon collectors WOULD be looking and paying attention to them.

BillJones

<< <i>For years dealers laughed at me buying up all the common modern commemorative silver dollars on the coin show bourse floor. Now they refer to me as .....THE MAN >>



Sorry, fivecents, but they would still be laughing if the price of silver bullion had not gone up. They could say they same about me becasue I put together a group of all the four and six piece sets in wooden boxes plus all of the commemorative gold coins. My modern commemorative gold collection would also be a laughing stock were it not for the price of gold bullion.

Maybe the huge number of commemorative coins that the U.S. has issued since 1982 will be come popular someday as collectors' items, but I would not hold my breath.

questor54

<< <i>

<< <i>For years dealers laughed at me buying up all the common modern commemorative silver dollars on the coin show bourse floor. Now they refer to me as .....THE MAN >>



Maybe the huge number of commemorative coins that the U.S. has issued since 1982 will be come popular someday as collectors' items, but I would not hold my breath. >>



Who cares if they become popular as long as you enjoy them?

johnny9434

i guess your right about that one, as long as one enjoys them then you really got something

lightcycler

I guess my thought process as far as commems gaining some following is that as more and more people come into the PM's like I did you become bored quickly with Silver Eagles. I did at least. They are a great way to hold silver and something that can be interesting for sure. I won't be buying any from the mint as in time the premium seems to go away. Could be a nice collection for the kids someday.