The secondary market for these commems seems to have been shrinking for years. I sold my collection of slabbed gold commems (nearly all were 69, proof and mint) at the Pittsburg ANA in 2004. Even then they were very tough to move and had to be discounted.
It just goes to show that value is about supply vs demand and little more. The first spouse coins are an excellent example of this basic rule of investing. Their mintages are a lot lower than most modern coins, but few want them because they are an expensive and long series that look like arcade tokens. The Jackie Robinson commemorative isnt much more attractive, and it wont keep its value even with his enormous popularity. Sadly, sports fans (like most Americans) couldn't care less about coins. I like coins. And I like sports. But, I prefer not to mix the two.
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
Sometimes, it would be nice if thread posters would give more info as not all of us live the same thoughts.
I, too, was like Braddick and wondering if the price was good or bad....I had to read all the comments to figure it out. If I had been the first one to open the thread, I would have just skipped by it like I have others in the past that give no real info base.
$10 Gold Spouse Commem mintages "just about put the $5 gold Commems (and their "low" mintages) out of business". Discuss.
The Gold Spouse series has done for Modern Gold issues what the Booker T Washington and George Washington Carver "series" did for the classic silver half dollar commems.
Congress being what it is, even mintages in the 1,000 to 2,000 range might not be a deterrent unless major operating losses at the Mint come into play.
I'm sure that the Canadian Mint has a successful business model, but I'd personally hate to see the US Mint go that route.
Q: Are You Printing Money? Bernanke: Not Literally
Originally posted by: Boosibri Boring faux rarities in any grade
I would not call the Jackie Robinson coin boring, but I would say that it is over priced.
As these coins go, MS-69 is really a low grade for these things. For for the "investors" who believe in this coin it's MS or PR-70 or nothing.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
Originally posted by: Bochiman Sometimes, it would be nice if thread posters would give more info as not all of us live the same thoughts.
I, too, was like Braddick and wondering if the price was good or bad....I had to read all the comments to figure it out. If I had been the first one to open the thread, I would have just skipped by it like I have others in the past that give no real info base.
Given the price history of this coin, AFTER the promotion that had it up to what, $4,000 (?), $870 is pretty bad. The train as left the station, and those who paid the promotional fares are left holding the bag.
This has happened many times with the high priced modern series of coins. They are hyped for while, and then it's out sight, out of mind. The simple fact is there are too many coins in this series to collect, and even with a "low mintage" of 5,000, there are too many of them on the supply side to maintain the high prices.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
With first spouse Gold, 4 or 5 coins per year have overwhelmed many trying to keep up. But now after this year, few coins will be coming out. Some years maybe none will be issued. This will give anyone that would like a set, time to fill in those missing years. Also most collectors want those PCGS70 first strike labels, there are a few coins that have less than 100 PCGS70 First Strike labels available. These could be sleepers because they limit the maximum amount of PCGS70 first strike sets that can be put together.
As a former collector and mint "addict" I have abandoned all of these and couldn't give a rat's a-- for them - and especially the lunatic "First Strike" labels that are just that, labels. The mint and TPGs with the labelling mania have burnt away much of the collector base, and certainly not just me. I am still happy with my JR still in OGP and gotten for 170 dollars, or less than mint issue price. At least that coin had dispersion and was not so much a victim of flipper madness/scheming. It actually holds some meaning to me and all that Jackie went through - just wish they had picked a better design for the obverse.
Love that Milled British (1830-1960) Well, just Love coins, period.
This year as ended it for me. To keep up I had to buy two $5 gold coins in addition to two silver dollars and a half dollar at a combined cost of almost $1,000. There should be only ONE $5 gold coin per year in my opinion.
Next year they are going to issue a breast cancer set with a "rose gold" $5 gold coin, whatever that is. Breast cancer is a problem, no doubt about it, but I think that too much emphasis is placed on it relative to other forms of the disease such as prostate cancer.
As a collector you just can't keep putting money down a rat hole, even if you have a lot of resources. There are too many commemorative coins, and it costs too much to keep up with them. These coins have a very poor track record overall at keeping their value relative to the issue prices.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
Comments
peacockcoins
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
MS-70 is still at $4,000.
Here's a warning parable for coin collectors...
unless the general or specific demand for them can somehow be increased dramatically
Liberty: Parent of Science & Industry
(Checking other auctions though... seems like it is kinda the going price for now.)
peacockcoins
Is there time to update the prices for 2017?
Red Book 2013 $3,600
Red Book 2015 $3,200
Red Book 2016 $2,500
Red Book 2017 $1,600
But so what?
Wondercoin
The Jackie Robinson commemorative isnt much more attractive, and it wont keep its value even with his enormous popularity. Sadly, sports fans (like most Americans) couldn't care less about coins.
I like coins. And I like sports. But, I prefer not to mix the two.
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
Latin American Collection
I, too, was like Braddick and wondering if the price was good or bad....I had to read all the comments to figure it out. If I had been the first one to open the thread, I would have just skipped by it like I have others in the past that give no real info base.
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
The Gold Spouse series has done for Modern Gold issues what the Booker T Washington and George Washington Carver "series" did for the classic silver half dollar commems.
Congress being what it is, even mintages in the 1,000 to 2,000 range might not be a deterrent unless major operating losses at the Mint come into play.
I'm sure that the Canadian Mint has a successful business model, but I'd personally hate to see the US Mint go that route.
I knew it would happen.
Boring faux rarities in any grade
I would not call the Jackie Robinson coin boring, but I would say that it is over priced.
As these coins go, MS-69 is really a low grade for these things. For for the "investors" who believe in this coin it's MS or PR-70 or nothing.
Sometimes, it would be nice if thread posters would give more info as not all of us live the same thoughts.
I, too, was like Braddick and wondering if the price was good or bad....I had to read all the comments to figure it out. If I had been the first one to open the thread, I would have just skipped by it like I have others in the past that give no real info base.
Given the price history of this coin, AFTER the promotion that had it up to what, $4,000 (?), $870 is pretty bad. The train as left the station, and those who paid the promotional fares are left holding the bag.
This has happened many times with the high priced modern series of coins. They are hyped for while, and then it's out sight, out of mind. The simple fact is there are too many coins in this series to collect, and even with a "low mintage" of 5,000, there are too many of them on the supply side to maintain the high prices.
I expect continued decline.
Anyone who thinks it is a beautiful coin, and wants one
can buy a proof coin at melt.
But now after this year, few coins will be coming out. Some years maybe none will be
issued. This will give anyone that would like a set, time to fill in those missing years.
Also most collectors want those PCGS70 first strike labels, there are a few coins that have less than
100 PCGS70 First Strike labels available. These could be sleepers because they limit the
maximum amount of PCGS70 first strike sets that can be put together.
I am still happy with my JR still in OGP and gotten for 170 dollars, or less than mint issue price. At least that coin had dispersion and was not so much a victim of flipper madness/scheming. It actually holds some meaning to me and all that Jackie went through - just wish they had picked a better design for the obverse.
Well, just Love coins, period.
Next year they are going to issue a breast cancer set with a "rose gold" $5 gold coin, whatever that is. Breast cancer is a problem, no doubt about it, but I think that too much emphasis is placed on it relative to other forms of the disease such as prostate cancer.
As a collector you just can't keep putting money down a rat hole, even if you have a lot of resources. There are too many commemorative coins, and it costs too much to keep up with them. These coins have a very poor track record overall at keeping their value relative to the issue prices.