2017 Boys Town $5 Unc Gold SOLD OUT........
7over8
Posts: 4,733 ✭✭✭
Looks like the 2017 Boys Town $5 Gold Unc is SOLD OUT at the USM. That will be a new low.
1
7over8
Posts: 4,733 ✭✭✭
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How many people will kick themselves for missing it while ignoring Betty Ford and Pat Nixon coins about to go dark as well?
No kicking here...very unattractive offerings. Flip away!
The BT Unc Gold not a bad piece, not the most interesting topic, but design isn't horrible. However, we may be talking about a 3,000 mintage $5 commem. Nothing even close.
Isn't this a new low by a country mile? Sales were 2669 on Tuesday according to weekly Mint report.
Boy, they are hideous though. The NP one was a new low last year, now this one is. There will probably be a new one next year, so I bet that keeps flippers down at least a little. Plus, you know, it's hideous.
Jwitten... my “beer money” is on this one staying the “King” for quite a while. No disrespect intended for Father Flanagan and just my two cents. Wondercoin
Well, someone must have bought a ton and forced a sellout or they only made a few thousand. I bought one in ms70 FS PCGS when they first came out. I wonder if it will be worth a premium?
Purchased a raw 2016 NP gold $5 for $324 a few weeks ago on Ebay. What was the Mint's issue price? 400+?
I think your right @bolivarshagnasty around $400.00
I answered my own question they are on ebay ( pcgs ms70FS Boys Town Unc $5) 1299 bucks!
https://ebay.com/itm/2017-W-5-GOLD-BOYS-TOWN-COMMEMORATIVE-PCGS-MS70-FIRST-STRIKE-LOW-MINTAGE/162499195273?ssPageName=STRK%3AMEBIDX%3AIT&_trksid=p2060353.m1438.l2649
$1299 is still cheap compared to Jackie’s lofty heights.
Plus....you know, Hideous loses over the flip. Spouses are the case in point.
On the flip side, This and the other thread will be around for a while.
Love the Moderns for post numbers!
I think it's too late to flip these if people are buying at $1300...
I will give someone $400.00 for a 70 PCGS just pm me.
this one will remain key for several years, either Betty ford or pat Nixon will be the permanent series key.
Despite its former key status the NPS never brought an impressive premium. I'd be hesitant to pay a large premium for these.
I speculated last year that Jackie Unc would remain the key to the series because 50 coins wasn’t big enough of a spread to make that much of a difference compared to the NPS coin. This is a big, big difference though.
NPS never brought the premium as it beat the Jackie by 17; 5150 vs 5167
A very narrow margin doesn’t lead to big spreads
This may be different
We are possibly talking sub 3000 Coins
But probably in the 3000-3500 range
@Gluggo Well, the non FS are selling for 900 or so on ebay. I noticed that the coin mart just took them down 50 bucks. Not sure but tuesday's numbers will be interesting...
Justin (Monstercoinmart) adjusted the 70FS coin down on eBay to stay competitive with two other similar coins offered out there. He tries not to be “undersold”. Of course, the coin is also being offered over $350 higher by another seller at the same time. It should be very interesting on Tuesday for sure. Wondercoin.
Don't be sucked in by the mania. The MS70's drive the market to a large degree and jackie has 71, the BT=261 and counting...and Jackie has been around for 20 years.
Good.
``https://ebay.us/m/KxolR5
If this comes in under 3000, that will be significant—70’s won’t be the only grade popping in value
No kicking here.
When it comes to the modern commemorative coins, I buy what I enjoy, and that usually does not include those coins in the Uncirculated format, despite the fact that they usually have lower mintages and more "investment potential."
"Past performance has nothing to do with future results.”
The Jackie Robinson $5 gold promotion has come and gone. I can still remember when a dealer was offering the four piece set at a Winter FUN show for less than Gray Sheet bid and had no takers. The coin has no real collector base at the high price levels; only a speculator base, which is predicated upon the “low mintage.” The speculators and flippers have messed with the Jackie Robinson coin market and have moved on, perhaps to “Boys Town.”
Yes, 5,174 might seem like a low mintage, but the survival rate is virtually 100%. There are many old gold coins in the United States series that have far fewer survivors than that with are larger collector base. There is nothing rare or even scarce about the Jackie Robinson $5 gold in the Uncirculated format.
Being a collector and not a flipper, I watch these exercises with amusement. I do not acquire a coin in which I do not have an interest - that makes the hobby (for me) fun and not work. I have a few 'special' coins, however, none are 'people' coins - those that have a persona as their theme. Maybe if they mint a Clint Eastwood coin, in gold, with 'Make my day' on it.....
Yeah, I would buy one of those... 
Cheers, RickO
I was wondering yesterday what was going on with the issue at the Mint. They were flagged as 'backordered', but you could still purchase. When you clicked on the 'backordered' flag, a message would show up saying that more were being minted. Thought that was strange that they would be minting more this time of year.
Does anyone know if they even sold enough BT coins to get a check from the mint from sales?
I agree with some of the comments here, but you could also say how rare is an 80-s Morgan in pcgs 65; take a look at some of the pops on our so called classics
We shall see on Tuesday where the number lands....sub 3000? Who knows.
While everyone is chasing a Buffalo proof at roughly 15500 mintage—slightly lower than 2015 issue, you have missed the boat on a severe low on this BT Gold unc.
I cannot imagine any long term interest in these, "key" or not. Seems to be an old, tired formula:
1. Nobody is interested.
2. Item "sells out" or is no longer available.
3. Mint announces super low mintage figures, reflected in what we already knew (see line #1)
4. There is a rush to promote this awesome, modern rarity as the "key."
5. Next tacky offering from mint is released, and nobody is interested.
6. Rinse and repeat.
Most of the time, the rule of supply and demand is driven by the latter. It is a rare event when prices are driven upwards by simply pointing out that the supply is low. At least with any kind of sustainability. And at +/- 3,000, is it really that scarce? This coin is fugly. Where is the demand supposed to come from?
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
The Boys Town gold proof is still available, current sales (including 3-coin sets) 6820. This could also be a new low mintage, and most collectors prefer proof commems over uncirculated ones. Might be a long-run sleeper.
My Adolph A. Weinman signature
Thanks
The BT mint State Gold reminds me a lot of the 2001 Mint State Capital Visitors Center $5 Gold Commem. Most everyone did not like the design of the coin (very similar reactions at that time to what we are seeing here with the reactions to the BT design) and it sold only 6,761 units at the Mint. I came on these message boards for the first time around then and, at the same time was consigned a load of the coins in PCGS MS70 grade by a large dealer who told me to price them at whatever I was comfortable with. I priced them for a little over Mint issue price for a raw coin plus the cost of grading and, of course, they sold out quickly (and I made some quick new “friends” here as well). Shortly thereafter the price doubled on the MS70 coins and by 2011/2012, MS69 coins had reached $2,500/coin at major auctions such as Heritage. Anyone with a 10 year hold on this coin who bought it raw from the Mint (or slabbed from me here on these boards) enjoyed roughly upwards of a 500% return during that period.
Then, mintages started dropping and dropping (6,761 did not mean that much as a consequence), a major buyer of the coins stopped buying (and probably a few more reasons I could name if I thought about it long enough) and down they went in price for those who failed to sell during that couple year “window” where all anyone had to do was simply put their coin up for sale at a major auction and it would sell for astounding money.
As Eric Jordan put it on page 125 of his book (speaking of these low mintage $5 Gold commems):
“... immature keys have seen a five to 15 fold increase over the last seven to 10 years. While this set may not be overvalued, it has become expensive and its growth rate is going to see a dramatic reduction from now on. LOOKING BACK THROUGH COINAGE HISTORY 5,000-6,000 POPULATION TYPE COINS ARE NOT NORMALLY WORTH MUCH MORE THAN $5000 LONG TERM...” (emphasis added by Eric not me).
We will likely know on Tuesday the mintage of the BT coin (before deducting returns down the line). If, repeat, if the coin comes in around 3,000 - 3,300 mintage (or lower), that would be, IMHO, a very difficult mintage to “beat” later. I simply could not imagine another $5 Gold Commem coin with so little world wide appeal that it sells just, say, 2,500 coins barring a catastrophic financial event in our economy perhaps. But, maybe I am just not thinking hard enough this Saturday morning.
As always, just my two cents.
Wondercoin.
?Best I can come up with is 2013-S 5-Star Generals $5 Gold 15,834
But latest Mint report indicates 4916 proof singles sold, and 14,590 sets sold; unless I am drastically missing something, the Boys Town proof will not be a key proof?
@Manorcourtman The boys town gold 5 dollar proof was offered separately and in the three coin set with a mintage to date combined of 6820. This is reported as of 12/03/2017 from the us mint.
According to this website: http://moderncommemoratives.com/modern-commemorative-coin-mintages/
It would be the lowest 5 Dollar gold proof mintage coin in the modern era. The 2016 Park service 5 dollar proof gold came in around 19.285
Both the uncirculated and proof Boy's Town gold will be the lowest $5 modern gold mintages to date, but neither will be the "key" of the series in terms of price.
The uncirculated PCGS MS70 populations for the Jackie (71), Cauldron (91), World Cup (84) and Smithsonian (87) uncirculated coins have much lower MS70 graded populations, and most that are out there have been submitted for grading by now. The Boy's town already has 345 MS70's graded, so it is way over done and will never be worth as much as these others IMHO.
Proofs are similar. The Smithsonian has 84 PR70's, Medal of Honor (83), World Cup (110), and Mark Twain (110). The Boy's Town has 125 which is quite low, but more will get graded as it is a newcomer and still available.
So I would not be a big fan of the Boy's Town at this stage. For me and a few others, the lowest top graded populations define the price much more than the quantity minted.
My US Mint Commemorative Medal Set
It certainly is a much nicer design. Not the tired old artifacts on so many of the modern commem's.
The numbers above are for the 2016 National Park coins. The Dec. 3 Mint report shows Boys Town proof singles at 1513 and 3-coin sets at 5307.
My Adolph A. Weinman signature
The Mark Twain proof is at 13,266.
HOWEVER, all BS and fluff aside, if I could only buy a hand full of $5 comms...
PCGS MS70 Jackie
Boys Town MS/PR
baseball MS/PR
This, of course, is based on what we know today.
If making money is your objective, that list is okay, but in the mean time you will be missing out on same very attrative designs, like Columbus and the Statue of Liberty which were not great numismatic investments but nice looking coins. I have even made money, on paper, from those coins because I bought them in the secondary market at prices well below the issue price. Now they melt for a lot more than what I paid.
I stand corrected. I read the wrong column on the Mint report; your statement is correct.
The coin was on my radar. I wonder if a big dealer came in and bought 2000 of the coins. I guess we will find out. The coin was very unappealing, even at a 3000 possible mintage.
Box of 20
Given the sudden sellout, that’s a very real possibility.
If that dealer could sell at $250 over issue price he would make $500,000. 2000 x 250. But the mintage would still have to be well below the NP MS.
On Nov. 6 2016 the NP Gold MS was at 3260, not much higher than the boystown at around 2600 . On Dec 4 the NP stood at 3699. So last year they could have minted more NP after the 3000 was reached, but the boystown never reached the 3000 mark before it sold out. So most likely they may have only minted 3000 of the BT. Just speculating of course.
Box of 20
There's several issues this year with low mintages - Buffalos, Burnished Gold Eagles etc. We have not seen as many come through our auctions so far, but hopefully that will change with the increasing prices.
Owner/Founder GreatCollections
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The 1986 Statue of Liberty was a great investment for those who bought directly from the Mint and sold several months later. The uncirculated gold coin (with a 95,000 mintage, considered low for that era) reached $700, or $1575 in today's dollars. The proof reached $375, or $843 in today's dollars. How times have changed!
My Adolph A. Weinman signature
The Statue of Liberty $5 gold coins sold out very quickly. The coins did sell for high prices, but the market collapsed after Bob Hope and President Reagan dedicated the rebuilt statue July 4, 1986.
I bought the six piece set, with both gold pieces for a shade under melt from a dealer when the gold price was a fraction of what it is today. The only way that these coins were a good investment was if you bought them from the mint and flipped them fairly quickly. Otherwise it's been 30 years of market doldrums.
BillJones-- Yes, my pick-5 was only about $5 commems with a good chance to increase in value. Now, if I'm picking attractive commems--I like the '15 Marshal and my favorite 1987 Constitution (which is about the least likely to be worth much more than melt!)
Didn't want one before and don't want one now....I have a Jackie Unc. - ugly also.
I'm with Ricko on this one.
My favorite: the Smithsonian Unc. - that sun side is simple and beautiful!
Well, just Love coins, period.