Anybody sending out 2002 Sacs for Slabbing?
mdwoods
Posts: 5,547 ✭✭✭
Has anyone sent out any 2002 Sacs for slabbing? I'm still waiting for the mint to ship my 2-2000 coin bags. I imagine, since I asked, they willl use new dies for my coins! I wish!!! Mark
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According to Coin World, the original mintage is coming close to being sold out, and more will be minted if collector demand warrants it.
It might be interesting to try a couple bags or some rolls if there's a sellout and they have to mint more -- almost any change in quality would be a welcome one!
and it sets us apart from practitioners and consultants. Gregor
My Complete PROOF Lincoln Cent with Major Varieties(1909-2015)Set Registry
But, with this year, there is a potential speculation play to be made, holding onto a pile of them and hoping that they'll quickly appreciate beyond face due to the potentially low mintage. Other modern coins with similar "low" mintage sell at premiums.
Even if that was right, I'm not sure it'd get to be enough of a premium, fast enough, to make sense. And given the quantities involved to make it worthwhile, you'd want it to rise far enough that you could still make money dumping thousands of coins on a wholesaler at his bid price. No fun to sell off a few hundred rolls one at a time on eBay to avoid a buy/sell spread.
So far, my opinion is that it's not worth the risk and aggravation involved. Better and easier plays to be made elsewhere. Though I must admit I still have my searched rolls sitting here rather than trotting them right down to the bank like I did with earlier years.
I still may.
09/07/2006
One of the forum members that sucessfully "made" several 01-D MS68's (a very difficult coin) commented in a thread that he found the coins in a bag. The cost of examining the 2,000 coins contained in a bag is nominal, and the premium charged by the mint for the bag could be easily overcome by 3 or 4 coins worth slabbing even in MS67 quality if the 02 coins are anything like the 01 coins. Based on what others here have said concerning the quality of the 02's, the bags look like a pretty good gamble.
and it sets us apart from practitioners and consultants. Gregor
My Complete PROOF Lincoln Cent with Major Varieties(1909-2015)Set Registry
Beyond that, you've got to advertise them, answer questions, roll and/or tube them, pay eBay and/or Paypal and/or credit card fees or deal with waiting for checks to clear, occasional deadbeat buyers, package them securely, deal with any mail problems, etc... Even when sold on my web site where I have many automated systems in place, it's still really a major PITA if you're only making a small amount above face. Not that I haven't done it in the past anyway, and may again.
As far as which grades are the good ones, anything MS67+ will be worth good money if current quality trends continue through the bags and mint sets. I've commited to paying $200/each for 2002-D MS67 to some people per my previous offer on the post if they make that grade, and I'm hoping that lone MS67 is soon to be mine!
Currently, I would expect even an MS66 to sell for enough to make it worth slabbing fees -- that is, once you found the coin. Of course if you spend $100 to find it that's not much consolation.
and it sets us apart from practitioners and consultants. Gregor
We'll use our hands and hearts and if we must we'll use our heads.
to try to get some MS67's out of them, but I am not too optimistic about it. I sent PCGS 11 of them to grade, but I did it for the fun
Susan
had with one of tads roll coins (see his pic) id venture yours are
just as lovely, and no Bert Parks isnt interested in yours either. the
roll coins seem quite ugly and a new wash seems to have been used
on the planchets...but anyhow they still have the sample and still
playing with it....let ya know if theres anything else to know.
hehehehe
Go BIG or GO HOME. ©Bill