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Enhanced Uncirculated Set going on sale tomorrow... winner or loser?
georgiacop50
Posts: 2,909 ✭✭✭✭
limited to 250,000 sets
0
georgiacop50
Posts: 2,909 ✭✭✭✭
georgiacop50
Posts: 2,909 ✭✭✭✭
georgiacop50
Posts: 2,909 ✭✭✭✭
Comments
I'll pass. More modern junk from the mint....I have been wrong before.
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Far too many one-offs and low mintage issues.
Here's a warning parable for coin collectors...
Some new wares that never wear out for the hobbyists and collectors. Then again, there could be 200,000 flippers flipping to 25,000 dealers who found another reason to drink.
Winner for me, for my collection.
POST NUBILA PHOEBUS / AFTER CLOUDS, SUN
Love for Music / Collector of Dreck
More junk!
225,000 mintage but no HH limit could translate to a quick sellout and a nice opportunity for flipping.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
What parts are enhanced? Is this like numismatic plastic surgery or botox for Miss Liberty; or maybe those silicone implant thingies?
My problem is I buy a few of these things but then don't flip (except for the 5 piece SE set and the March of Dimes set, and a RP Pres. dollar or two - all those were good to me).
They may be hot for a short while, but then the bottom wil fall out.
No real support in the long run.
Wait a year or two and buy them at under mint Issue.
the high mintage and the unlimited household limit scare me. No need for the retailers to purchase from public as they could probably buy as many as they need. However still tempting, havent decided to pull the triger or not
The Mint flippin to flippers. Who will the flippers flip to? More clad junk that no one really wants.
Where is Wondercoin these days anyway?
I will definitely not be a buyer.... It took me a while (years actually) to realize these are not bargains and just sit forever. Sure, there is the occasional 'special' that will pop up... but mostly just another item that fights for storage space. I do not even keep those many years of accumulation in a safe... Cheers, RickO
Winner or loser, I don't want to spend the money on it. The mintage of 250,000 is high to hold its value over the long term. To me it's just gimmick, and I'm tired of mint gimmicks.
Two possible winners from the set:
Lincoln cent, less than half the mintage of the 1909-S VDB.
Kennedy half, the 2014-S "enhanced" silver Kennedy with a similar mintage is fetching about $20.
If these were regular instead of "enhanced" uncirculated coins the set might actually be worth more. As it stands, the set's value may depend on how many collectors feel the need to add these coins to their uncirculated sets.
My Adolph A. Weinman signature
Sold out really quick is looks like.
Winner.
POST NUBILA PHOEBUS / AFTER CLOUDS, SUN
Love for Music / Collector of Dreck
Indeed..
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
Where is Wondercoin these days anyway?
Have not seen quality photos of these coins posted yet. Has anyone?
+1. IMHO @PTVETTER nailed it.
Despite the very fast sellout, I believe the mintage still exceeds the market for any long-term demand. I say that as one who thinks it's a pretty neat set.
Winner.
I think they will be a short term winner.
I was able to order 2 sets, I just wanted them for the Lincoln cent.
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I would agree if there were regular S-mint circulation strikes available for this date, but except for the quarters there are not. So you will have Anniversary Set collectors competing with date/mm collectors for these coins, and that means that more and more sets will be broken up over the years to satisfy the demand for individual coins. I suspect the long-term demand for the lowest-mintage-ever Lincoln cent by itself will be enough to maintain healthy demand for the anniversary set.
My Adolph A. Weinman signature
OP... I was enjoying Spain in July celebrating (35) years with my wife.
While long term these sets could be a popular collectible, in the short run just a relatively small group of dealers appear to control a sizeable percentage of the available sets on the market. As a consequence, it appears prices are softening - at least certainly on eBay. I know my son, Justin, is content netting as little as about $6/set profit on eBay right now in order to stay highly competitive with some of the other discount sellers. And that is just two days into it! If things get more "cut throat" over the next week or two, the profits might literally be down to a couple dollars per set in no time. But, of course, prices could strengthen if some of the dealers are comfortable hanging on to the sets for a while. It may get interesting soon.
As always, just my two cents.
Wondercoin.
Welcome back.
I bought a few sets for my collection and some extras to sell or trade down the road. Considering that (except for the quarters) these are very low-mintage date/mm examples of our current coinage, I don’t plan to sell any sets until prices are a bit higher than today’s “quick flip” bargains.
My Adolph A. Weinman signature
Nah, I don't flip or give a flip about modern Mint offerings anymore.
- Jim
Phew. Thank goodness you cleared that up
Disregarding proofs, here is what you get when you purchase a 225th Anniversary Set.
Cent: Lowest date/mm mintage Lincoln ever, less than half the mintage of the 1909-S VDB.
Nickel: Lowest date/mm mintage ever, less than 1/10 the mintage of the 1950-D.
Dime: Lowest date/mm mintage ever, less than 1/6 the mintage of the 1996-W (itself a special Mint product which sells for $10 to $12).
Quarter: Regular 2017-S circulation-quality quarters are available from the Mint in rolls and bags, so the only thing special is the “enhanced” finish.
Half dollar: Mintage is comparable to that of the 2014 four-coin silver set, which sells for around $115.
Dollar: Third lowest date/mm mintage for the Sacagawea/Native American dollar, behind those in the 2015 and 2016 Coin and Currency sets.
At today’s prices, I consider this to be the most reasonably priced “trophy set” on the market.
My Adolph A. Weinman signature
My pleasure, Miles. Glad to be of help!
- Jim
With unlimited ordering I can't see why anyone would buy the bulk sales on Ebay. These are already dropping in price and the massive listings haven't even hit yet.