Recent US Mint product flipping help...

thatboyaintright

I am preparing an educational presentation for my coin club meeting in a couple of weeks and my topic will be my experiences with the 25th Anniversary ASE release. I would like to compare the data I've already gleaned from these boards with some historical perspective.

So can anyone enlighten me on other recent US Mint products that have been "flip worthy". I recall the Bald Eagle 3 peice set was one that many people flipped once they sold out at the mint. Can you give me examples of others ?

I realize there were a lot of flipping that were due to "after the fact" discoveries, like the 2008 w ASE with the 2007 reverse. But I am looking for info on coins that people recognized would be big hits and high demand.

Any ideas ??

JamesMurray

The Lincoln Chronicle Silver Dollar and set was maybe the most recent after the 25th ASE's.

Dice21

2007 anniversary platinum set.......all the 2008 gold buffalo's when the mint announced they would be discontinued along with the fractional burnished eagles.................

OPA

The discontinued "presidential coin & signature" set. some went for 10 x issue price.

illini420

It was pretty easy to flip the 2010 bullion 5oz. ATB quarters for a profit if you were willing to jump through the hoops of the authorized purchasers who were the only ones who could acquire them from the Mint.

lkeigwin

The UHR, though the spike in gold has a lot to do with it.
Lance.

taxmad

A little older than 'recent' but the 1999 Mint sets had a HH limit and triple money offers from B&M's

The first two Lincoln cent rolls - again HH limit

RedTiger

The 2006 silver and gold eagle anniversary sets, give a bit of perspective about the rollercoaster ride for prices. Five years isn't that long, but many silver sets were sold early on for $200 and $300, well below the peak of $700 to $800, now back to about $300.

If you want to mention a dog so folks don't get thinking it is some kind of sure thing, the 2005 Legacy proof sets very briefly went for a 50% premium above issue price, now trade for about a 50% discount ($135 issue, peak about $200, now about $65). More recently, you could mention how some bought up 5 ounce silver pucks this past year, and many of those speculators got burned. It will take a silver price of $80 or $100 for some of the speculators to get out even.

thatboyaintright

Thanks everyone, those suggestions will get me started on a great presentation !


I hadn't realized that there were so many examples.

derryb

There is a huge secondary market for most all mint products once they are graded by a reputable TPG. Since grading fees are about the same for all modern coins, the lower priced the coin the more of a hit on the grading expense. As a general rule of thumb the money is in the 70s while the 69s tend to break even.

Naturally, lower the mintage, higher the profit. The 25th ASE were a bit abnormal in that the hype drove up demand and once the hype cooled, prices dropped rapidly. Once key to maximizing profit on most mint products is getting them graded and to the market early. 25th ASEs were a prime example of this.

2008 W fractional gold eagles and buffalos were about the best flip investment in recent years. Their mintage kept them from dropping back in prices on the secondary market even after the initial hype.

"Unique" adds to flippability as demonstrated by the UHR.

Mitchell

Don't forget the Jefferson Coin and Currency (1994) and the Botanic Garden Coin and Currency Set (1997).

The Jefferson Coin and Currency set issue price was $34. This set saw the first release of a matte-finish Jefferson nickel. Although initial Mint press releases hinted at the possibility of a limited issuance, some 164,000 sets were issued. Nevertheless, purchasers who bought directly from the Mint were able to realize a nice profit quickly.

I bought 5, flipped 4 and kept 1.

The next instance of a matte finish nickel occured in 1997 with the issuance of the Botanic Garden Coin and Currency set. The mint limited production of the set at 25,000 at $44 per set.

US Mint Botanic Garden Press Release

I got 5 sets, flipped 4 and kept 1.

PinkFloyd

<< <i>It was pretty easy to flip the 2010 bullion 5oz. ATB quarters for a profit if you were willing to jump through the hoops of the authorized purchasers who were the only ones who could acquire them from the Mint. >>



The 2010 ATBs were pretty good at the beginning if you were willing to jump through the major hoops....folks were netting $2k+ for raw sets at the start in late December when APMEX sold 1000 sets. They were pretty heavily hyped after the announcement that the Mint would be producing less. Amazing actually to think of all of the drama that happened since and the huge drying up of demand.

Funny---kind of makes me wonder if the ATBs would be doing better had the Mint been able to make more at the beginning. I feel like the subsequent games may have made a lot of folks shy away from the series.

fishcooker

The Ben Franklin dollars were supposed to be hot stuff. Even the French were expected to want them. So much for that.

pf70collector

The Buffalo Silver Proof and MS Commemoratives. Big time flip, though I was not collecting back then. Some First Spouse Medal Sets that contain the dollar and spouse medals. The Thomas Jefferson was going for over $100. Still holding pretty well. Also the Washington Dollar First Day Covers were a big flip. Now they are just 2X issue price and some can be had for much less. Also the 2006 W Platinums in the initial year. Big flip the first year. Prices have collapsed on those for several years now.

tyler267

Washington Dollar First Day Coin Covers

StoneyPoint

I was told back in the 60`s and 70`s you could only order 5 proof sets, people would sell 4 and it would pay for the one for your set. The first set I flipped was in 1986 with the 6 coin Statue Of Liberty issued at $375 , I remember selling it to Harry Forman for $1050.

Bochiman

The 1st of the 2009 USMint boxed P&D Lincoln Cents (Childhood?). $8.95 and went for ~$90 pretty quickly. Limited on order number and on numbers (of boxed sets, not of the coin) minted.

Hopefully you also give the audience the pitfalls of flipping as well. The 2nd, 3rd, 4th boxed sets of the same series sucked for flipping. The 2004 mint sets were good, if I recall right, because they went dark a couple of months before EOY and so holiday buyers hadn't bought them for gifts by then and they were going for 4-6x cost quickly. Other mint sets, not so good. The 1999 silver proof set went from issue price to $500 and is not below $150. The 2000 sucked it up big time, due to speculator/flipper purchases based on the 1999 performance. The 2001 silver proof set, due to what happened to the 2000 silver proof set sucking, did well.

I believe the 2003 2 roll set of jefferson nickels (last year of design) did well.

Just do them a favor and don't be one of those that only extolls in the homeruns and not the strike-outs.

It's like when my son's elementary school basketball team plays. There are a couple of kids that everyone "oohs and ahhs" about, but one of them likes to shoot from 3-point range and makes maybe 1 out of 50 shots, and that 1 shot is the only shot some of the folks remember and talk about how good of a shooter he is (not!) and another kid takes about 30-50 shots a game (ball-hog) and makes about 5-8 baskets...yet the same folks talk about how great of a shooter he is.....both are nice kids, both have potential, but coaching, one has to accentuate the position while correcting the non-positive. Same with flipping......take the good with the bad, but understand it is there.