I have been on the fence about getting some of mine graded. The First Strike 70's seem to be really increasing in price, or at least the holder(s) of the coins what a bunch of $$ for them. I guess I will see how the plain-Jane labels do before making that decision considering what I have left to grade cannot be FS coins.
Night and day ... a coin that has had great demand over the better past of the last decade (cauldron) vs. coin(s) that have little or no demand over the same time period (smithsonian, SLC, First flight) even though mintages are very close if not lower in a couple cases. DEMAND, DEMAND, DEMAND drives nearly all moderns.
Someone mentioned the 97 SMS nickel with its 25,000 mintage on another thread ... why is it not worth more than the 11-P rev proof silver eagle with a 100,000 mintage? DEMAND of course.
As always, just my 2 cents.
Wondercoin
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
Another possibility is the mintage numbers on those Olympic gold are flat out wrong. The 96 silver Olympic unc commemoratives sold down to a 1/3 of the highest 95's, yet the gold showed much less of a drop. If the falloff was the same then these gold would be in the 6000+ range perhaps.
That seems to be where they are priced, so maybe the mint blew the mintages. If we hadn't screamed when they released the final gold buffalo 2008 proof fractional mintages that were wrong they may have left those ridiculously high.
<< <i>Night and day ... a coin that has had great demand over the better past of the last decade (cauldron) vs. coin(s) that have little or no demand over the same time period (smithsonian, SLC, First flight) even though mintages are very close if not lower in a couple cases. DEMAND, DEMAND, DEMAND drives nearly all moderns.
Someone mentioned the 97 SMS nickel with its 25,000 mintage on another thread ... why is it not worth more than the 11-P rev proof silver eagle with a 100,000 mintage? DEMAND of course.
As always, just my 2 cents.
Wondercoin >>
The million dollar question: What drives demand?
No Way Out: Stimulus and Money Printing Are the Only Path Left
<< <i>Army is getting there....$1500 for this one. Give it another year or so. Army Gold PCGS >>
I hope you guys don't base your stacking/collecting decisions on a handful of registry collectors . That coin is $800 without the FS designation and IMO people shouldn't include outliers like this when considering recent sales. Modern coins with a pop of less than 100 'First Strike' coins can catch fire at any time and go for krazy money. The first spouse Louisa Adams unc coin is a perfect example of this as in the 'best' label (pcgs FS70) it's a $3000+++ coin, but in a lowly NGC 70 slab it's $1200 . That makes absofruitly no sense to me, but that's the way moderns work sometimes.
<< <i>Here is another one to watch...US Army .. unc. raw. MS $5 Army >>
...................................................................................................... I notice he shows it reverse side first.
IMO the Army does have a better Reverse than obverse.
If I do get any slabbed I'll request revere forward. >>
Doesn't that coin seem to have some issues, like at the top (dark spot), 9 o'clock (spot - like a dried water spot - had several 2011 W AGE with the same problem) and 4 o'clock (another spot)?
<<Doesn't that coin seem to have some issues, like at the top (dark spot), 9 o'clock (spot - like a dried water spot - had several 2011 W AGE with the same problem) and 4 o'clock (another spot)? >>
That's what gets me about the mints quality at times. If you look at other world mints like the RCM, Perth Mint and others it seems as though you don't see the quality issues that you see with the U.S. Mint. They really need to get their act together.
Beer is Proof that God loves us and wants us to be happy -Benjamin Franklin-
I agree AJMan-- I have some of the 1 oz Perth Lunar coins and they're razor sharp and spotless. That 9:00 o'clock spot you mention was the same thing I had on my MOH gold, only it was above the canon.
"I'll split the atom! I am the fifth dimension! I am the eighth wonder of the world!" -Gef the talking mongoose.
<< <i>I agree AJMan-- I have some of the 1 oz Perth Lunar coins and they're razor sharp and spotless. That 9:00 o'clock spot you mention was the same thing I had on my MOH gold, only it was above the canon. >>
The USMint desperately needs to resolve their quality control problems. Specifically it seems they have not figured out a way to prepare planchets without leaving residue on the coins. Most here believe those residue spots are what turns into milk spots later on so if you have any on your silver eagles I would hit them with an acetone rinse if they're raw, or sell them if they're slabbed.
As for the blemish just above the cannon on the MoH coin, I have multiple examples of that same issue. It's not that obvious of a blemish, but it's certainly enough to limit the coin to a 69 through either TPG. It sure would be nice if someone from the USmint called the folks at Perth and asked them how to make attractive coins without leaving residue on them <rolls eyes>.
I just assume the die gets damaged and it transfers damage to coins.
I had some "W" AGEs like that, with the same die marker on about 5 coins from the same order. I've notice the same thing a couple of times with frost breaks.
Q: Are You Printing Money? Bernanke: Not Literally
<< <i>I just assume the die gets damaged and it transfers damage to coins.
I had some "W" AGEs like that, with the same die marker on about 5 coins from the same order. I've notice the same thing a couple of times with frost breaks. >>
Are you talking about the dried watermark looking spot (9 o'clock spot)? If so, I had several W AGE in different orders with it. It seemed they were not always in the same spot on the coin though.
<< <i>Night and day ... a coin that has had great demand over the better past of the last decade ) even though mintages are very close if not lower in a couple cases. DEMAND, DEMAND, DEMAND drives nearly all moderns.
Someone mentioned the 97 SMS nickel with its 25,000 mintage on another thread ... why is it not worth more than the 11-P rev proof silver eagle with a 100,000 mintage? DEMAND of course.
Your example of the olympic cauldron coin vs. coin(s) that have little or no demand over the same time period such as the Smithsonian, SLC, First flight shows the value of a large natural support base to help drive Demand.
There are a number of US and worldwide collectors of the Olympic coins that provide at least some support for all Olympic coin offerings.
In contrast the Smithsonian, SLC, First flight coins were 'one off' coins with no real base of collector interest or support seperate from those wanting an example of whatever dribble the mint issues each year.
Many factors go into driving Demand for a coin such as history and design (Think UHR) but it also helps to have a large natural base of support or target audience.
That is why IMO coins such as the various Olympic coins, Buffalo coins, Marine dollar, Boy Scout, Army and MOH will have at least some support beyond what you would see for the Leif Ericson, Smithsonian, SLC, First flight etc.
2manycoins ... then how do you explain the CVC? Your analysis simply does not work when you expand the "demand" base coins beyond the scope of the question I was addressing ... the cauldron. Do collectors like to go to the CVC, but not the Smithsonian when they arrive in DC?
Wondercoin
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
The other thing that throws a monkey wrench in the mix is that the SLC is an Olympic coin with a respectable low mintage and it too is languishing in prices rising.
Beer is Proof that God loves us and wants us to be happy -Benjamin Franklin-
I thought I'd revisit this thread and give an observation on the U.S. Mint's languishing commemorative gold program. I realize that low mintage figures don't always mean much when it comes down to a particular coins popularity and that design obviously has everything to do with it, but c'mon man what is up with this? I actually thought that this was a beautiful design. Getting a $5 gold commem for less than issue price? I wonder how the 5-Star Generals coins will do?
Beer is Proof that God loves us and wants us to be happy -Benjamin Franklin-
Comments
WOW! Not only was it foolishly underpriced but it sounds like the seller didn't know what they had.
I knew it would happen.
Yes - 3 out 8. Thinking to try one or two more out of remaining 5.
Raw coin.....no reserve.
Not mine.
http://www.ebay.com/itm/120846967211?ssPageName=STRK:MEWAX:IT&_trksid=p3984.m1438.l2649
<< <i>This auction is worth watching............
Raw coin.....no reserve.
Not mine.
http://www.ebay.com/itm/120846967211?ssPageName=STRK:MEWAX:IT&_trksid=p3984.m1438.l2649 >>
And that is the reason why I can't decide if it is worth grading them or not.
MS $5 Army
1996-W Olympic Cauldron $5 gold unc. - mintage 9210 - around $1750.
Any theories as to why?
My Adolph A. Weinman signature
<< <i>2011-P Medal of Honor $5 gold unc. - mintage 8251 - around $625.
1996-W Olympic Cauldron $5 gold unc. - mintage 9210 - around $1750.
Any theories as to why? >>
Time
No Way Out: Stimulus and Money Printing Are the Only Path Left
<< <i>
<< <i>2011-P Medal of Honor $5 gold unc. - mintage 8251 - around $625.
1996-W Olympic Cauldron $5 gold unc. - mintage 9210 - around $1750.
Any theories as to why? >>
Time >>
But I want it now!!!
<< <i>
<< <i>2011-P Medal of Honor $5 gold unc. - mintage 8251 - around $625.
1996-W Olympic Cauldron $5 gold unc. - mintage 9210 - around $1750.
Any theories as to why? >>
Time >>
What about the Smithsonian Unc?
Someone mentioned the 97 SMS nickel with its 25,000 mintage on another thread ... why is it not worth more than the 11-P rev proof silver eagle with a 100,000 mintage? DEMAND of course.
As always, just my 2 cents.
Wondercoin
That seems to be where they are priced, so maybe the mint blew the mintages. If we hadn't screamed when they released the final gold buffalo 2008 proof fractional mintages that were wrong they may have left those ridiculously high.
<< <i>Night and day ... a coin that has had great demand over the better past of the last decade (cauldron) vs. coin(s) that have little or no demand over the same time period (smithsonian, SLC, First flight) even though mintages are very close if not lower in a couple cases. DEMAND, DEMAND, DEMAND drives nearly all moderns.
Someone mentioned the 97 SMS nickel with its 25,000 mintage on another thread ... why is it not worth more than the 11-P rev proof silver eagle with a 100,000 mintage? DEMAND of course.
As always, just my 2 cents.
Wondercoin >>
The million dollar question: What drives demand?
No Way Out: Stimulus and Money Printing Are the Only Path Left
<< <i>2011-P Medal of Honor $5 gold unc. - mintage 8251 - around $625.
1996-W Olympic Cauldron $5 gold unc. - mintage 9210 - around $1750.
Any theories as to why? >>
Army is getting there....$1500 for this one. Give it another year or so.
Army Gold PCGS
<< <i>Army is getting there....$1500 for this one. Give it another year or so.
Army Gold PCGS >>
I hope you guys don't base your stacking/collecting decisions on a handful of registry collectors
<< <i>Here is another one to watch...US Army .. unc. raw.
MS $5 Army >>
......................................................................................................
I notice he shows it reverse side first.
IMO the Army does have a better Reverse than obverse.
If I do get any slabbed I'll request revere forward.
<< <i>
<< <i>Here is another one to watch...US Army .. unc. raw.
MS $5 Army >>
......................................................................................................
I notice he shows it reverse side first.
IMO the Army does have a better Reverse than obverse.
If I do get any slabbed I'll request revere forward. >>
Doesn't that coin seem to have some issues, like at the top (dark spot), 9 o'clock (spot - like a dried water spot - had several 2011 W AGE with the same problem) and 4 o'clock (another spot)?
<<Doesn't that coin seem to have some issues, like at the top (dark spot), 9 o'clock (spot - like a dried water spot - had several 2011 W AGE with the same problem) and 4 o'clock (another spot)? >>
That's what gets me about the mints quality at times. If you look at other world mints like the RCM, Perth Mint and others it seems as though you don't see the quality issues that you see with the U.S. Mint. They really need to get their act together.
Line # Item # Cert # PCGS No. CoinDate Denomination Variety Country Grade
1 1 20673746 506170 2011-P $5 United States Army USA MS70
1 2 20673747 506170 2011-P $5 United States Army USA MS70
2 1 20673748 507307 2011-P $5 Medal of Honor USA MS70
2 2 20673749 507307 2011-P $5 Medal of Honor USA MS70
2 3 20673750 507307 2011-P $5 Medal of Honor USA MS70
2 4 20673751 507307 2011-P $5 Medal of Honor USA MS70
3 1 20673752 9778 1999-P $1 Yellowstone USA MS69
3 2 20673753 9778 1999-P $1 Yellowstone USA MS69
3 3 20673754 9778 1999-P $1 Yellowstone USA MS69
3 4 20673755 9778 1999-P $1 Yellowstone USA MS69
3 5 20673756 9778 1999-P $1 Yellowstone USA MS68
3 6 20673757 9778 1999-P $1 Yellowstone USA MS69
3 7 20673758 9778 1999-P $1 Yellowstone USA MS69
3 8 20673759 9778 1999-P $1 Yellowstone USA MS68
3 9 20673760 9778 1999-P $1 Yellowstone USA MS70
4 1 20673761 9802 1986-S $1 Silver Eagle USA Genuine (91 - Questionable Color)
Total Items: 16
Date Received: 9/6/2011
Date Shipped: 9/23/2011
Order Status: Shipped
Share Order
<< <i>I agree AJMan-- I have some of the 1 oz Perth Lunar coins and they're razor sharp and spotless. That 9:00 o'clock spot you mention was the same thing I had on my MOH gold, only it was above the canon. >>
The USMint desperately needs to resolve their quality control problems. Specifically it seems they have not figured out a way to prepare planchets without leaving residue on the coins. Most here believe those residue spots are what turns into milk spots later on so if you have any on your silver eagles I would hit them with an acetone rinse if they're raw, or sell them if they're slabbed.
As for the blemish just above the cannon on the MoH coin, I have multiple examples of that same issue. It's not that obvious of a blemish, but it's certainly enough to limit the coin to a 69 through either TPG. It sure would be nice if someone from the USmint called the folks at Perth and asked them how to make attractive coins without leaving residue on them <rolls eyes>.
I've noticed on numerous occasions coins from same batch with identical flaws at identical locations.
Usually breaks in frost or occasionally scuffs or scrape.
I just assume the die gets damaged and it transfers damage to coins.
Either that or there is some recurring problem with how coins are ejected from press.
I had some "W" AGEs like that, with the same die marker on about 5 coins from the same order. I've notice the same thing a couple of times with frost breaks.
I knew it would happen.
<< <i>I just assume the die gets damaged and it transfers damage to coins.
I had some "W" AGEs like that, with the same die marker on about 5 coins from the same order. I've notice the same thing a couple of times with frost breaks. >>
Are you talking about the dried watermark looking spot (9 o'clock spot)? If so, I had several W AGE in different orders with it. It seemed they were not always in the same spot on the coin though.
I've also notices some frost breaks from time to time, but I didn't keep track of whether they repeated in the same location or not.
I knew it would happen.
<< <i>Night and day ... a coin that has had great demand over the better past of the last decade ) even though mintages are very close if not lower in a couple cases. DEMAND, DEMAND, DEMAND drives nearly all moderns.
Someone mentioned the 97 SMS nickel with its 25,000 mintage on another thread ... why is it not worth more than the 11-P rev proof silver eagle with a 100,000 mintage? DEMAND of course.
As always, just my 2 cents.
Wondercoin >>
.................................................................................................................................................................................
Your example of the olympic cauldron coin vs. coin(s) that have little or no demand over the same time period such as the Smithsonian, SLC, First flight shows the value of a large natural support base to help drive Demand.
There are a number of US and worldwide collectors of the Olympic coins that provide at least some support for all Olympic coin offerings.
In contrast the Smithsonian, SLC, First flight coins were 'one off' coins with no real base of collector interest or support seperate from those wanting an example of whatever dribble the mint issues each year.
Many factors go into driving Demand for a coin such as history and design (Think UHR) but it also helps to have a large natural base of support or target audience.
That is why IMO coins such as the various Olympic coins, Buffalo coins, Marine dollar, Boy Scout, Army and MOH will have at least some support beyond what you would see for the Leif Ericson, Smithsonian, SLC, First flight etc.
Wondercoin
Excellent point!
Wondercoin
Anymore, it seems like just another roll of the dice!