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Truman vs. Ike - same mintage, way different prices

OverdateOverdate Posts: 7,169 ✭✭✭✭✭

The 2015 Truman and Eisenhower Coin and Chronicles Sets each had a low mintage of 17,000. The Truman is currently selling for about $250 per set while the Eisenhower is about $115 per set. Any insights that would explain the large price disparity?

My Adolph A. Weinman signature :)

Comments

  • jwittenjwitten Posts: 5,243 ✭✭✭✭✭

    If I remember correctly the Truman set had a 5 per household, and Ike had 2, meaning more coins made it to the final destination (the collector) directly from the mint. More Trumans were bought up by flippers, which raised the price more.

  • tincuptincup Posts: 5,436 ✭✭✭✭✭

    I have wondered that also. I have no explanation for it, as I would have though Ike would have been more popular than Truman.

    ----- kj
  • AUandAGAUandAG Posts: 24,959 ✭✭✭✭✭

    Perhaps when Ike got his own dollar that took some of the wind out of the sails on any other Ikes?

    bob

    Registry: CC lowballs (boblindstrom), bobinvegas1989@yahoo.com
  • ernie11ernie11 Posts: 1,995 ✭✭✭✭✭
    edited December 27, 2016 1:25PM

    Since it is only little than more than a year after these were issued, isn't it possible this price discrepancy will correct itself over the longer run?

  • OverdateOverdate Posts: 7,169 ✭✭✭✭✭

    @ernie11 said:
    Since it is only little than more than a year after these were issued, isn't it possible this price discrepancy will correct itself over the longer run?

    Most likely that will be the case, but what is not known is how long it will take, and whether the price of the Truman will come down or the price of the Ike will go up (or both).

    My Adolph A. Weinman signature :)

  • U1chicagoU1chicago Posts: 6,608 ✭✭✭✭✭
    edited December 27, 2016 10:10PM

    @jwitten said:
    If I remember correctly the Truman set had a 5 per household, and Ike had 2, meaning more coins made it to the final destination (the collector) directly from the mint. More Trumans were bought up by flippers, which raised the price more.

    From what I have read, it is the opposite way. With the sellout of the Truman, more flippers were ready for the Ike and purchased them at a greater rate. Checking ebay sales, more Ikes were resold than Trumans. This lowered the prices since the Trumans were held in stronger hands. Unless a bunch of Trumans start showing up, the price discrepancy will remain.

    Here is a post from Mintnewsblog.com with some data:
    http://mintnewsblog.com/hoover-and-eisenhower-first-spouse-gold-proof-coins-sold-out/#comment-243247

  • treybenedicttreybenedict Posts: 442 ✭✭✭✭

    I flipped my eisenhowers for $250-$300 a set after the release.

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