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2017 Boys Town $5 Unc Gold SOLD OUT........

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  • OverdateOverdate Posts: 7,132 ✭✭✭✭✭

    @RegistryCoin said:
    Spouse coins are Bullion
    according to
    Public Law 109-145 Sect. 203(4)

    Comparisons of the Ford and Nixon spouse coins and the Boys Town coin may be exciting but probably only because the final mintages are announced just a couple weeks apart at years end.
    Apples and oranges.

    The spouse coins are commemoratives, regardless of how a law might designate them. They are sold by the Mint at a substantial premium to collectors, and each coin commemorates an individual First Lady or presidential term. Just as the Boys Town coin commemorates a specific institution and individual. Apples and apples.

    My Adolph A. Weinman signature :)

  • RegistryCoinRegistryCoin Posts: 5,117 ✭✭✭✭

    I see what you’re saying. Both commemorate something and are treated similarly.
    Your argument is sound and practical!
    Mine is boring and literal. ;)

  • wondercoinwondercoin Posts: 16,989 ✭✭✭✭✭

    And, let’s not forget that the premium that the Spouse coins need to be sold at also ties in with the specific language of the bullion law they fall under. And, with the dwindling mintages, I am not even entirely sure the spouse coins can turn a profit for the Mint with the costs associated with producing a sub-2,000 mintage coin. When the law was established, I suspect they envisioned 10,000-20,000 mintage coins as we saw in 2007.

    Wondercoin.

    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
  • 92vette92vette Posts: 529 ✭✭✭
    edited December 20, 2017 7:10AM

    I don't understand the certainty here behind the BT unc key status. The mint tends to strike fewer coins in a series than the year before.. which just happened with this coin vs. the Parks gold. Why wouldn't the mint strike a round number of 2500 or 2750 Breast Cancer uncs in 2018 unless they anticipate greater demand? It's a bad looking coin commemorating a depressing subject. If Breast cancer sells at the same rate as BT did going into autumn 2018, you'll have another new key.

  • drei3reedrei3ree Posts: 3,430 ✭✭✭✭
    edited December 20, 2017 7:30AM

    Low mintage does not = "KEY"

    I'm guessing the Baseball comm. will be more "key" than the BT in a year or so.

  • RaufusRaufus Posts: 6,819 ✭✭✭✭✭

    Good point about the breast cancer coin. However, assuming some of the profit goes towards breast cancer research I could see these being popular beyond the seemingly tiny base.

    Land of the Free because of the Brave!
  • @92vette said:
    I don't understand the certainty here behind the BT unc key status. The mint tends to strike fewer coins in a series than the year before.. which just happened with this coin vs. the Parks gold. Why wouldn't the mint strike a round number of 2500 or 2750 Breast Cancer uncs in 2018 unless they anticipate greater demand? It's a bad looking coin commemorating a depressing subject. If Breast cancer sells at the same rate as BT did going into autumn 2018, you'll have another new key.

    Good point. BT unc May be a temporary key. Either Betty Ford or Patricia Nixon unc will be the permanent series key in less than 10 days.

  • wondercoinwondercoin Posts: 16,989 ✭✭✭✭✭
    edited December 20, 2017 8:10PM

    Good point. BT unc May be a temporary key. Either Betty Ford or Patricia Nixon unc will be the permanent series key in less than 10 days.

    Using your logic (and many might), the 1915-S $50 Pan Pac Round is still the "key" and worth around $300,000 or so in top grade.

    Wondercoin

    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
  • RegistryCoinRegistryCoin Posts: 5,117 ✭✭✭✭

    Maybe perception becomes reality, but Eleanor Roosevelt, at sub-1900, was the “low mintage leader” before the BT coin even existed.

  • @wondercoin said:
    Good point. BT unc May be a temporary key. Either Betty Ford or Patricia Nixon unc will be the permanent series key in less than 10 days.

    Using your logic (and many might), the 1915-S $50 Pan Pac Round is still the "key" and worth around $300,000 or so in top grade.

    Wondercoin

    Wondercoin, look forward to part 2 very soon .....

    The Spouse Series May Be Coming to an End,
    but the Demand May Just Be Getting Started
    (Part 1)
    Posted: JULY 17, 2016

       For the first time ever, a major auction house will auction off a complete collection of PCGS "70" grade Mint State and Proof "First Strike" coins from 2007-2015. The set is the complete collection other than the final three coins being offered by the Mint right now from 2016. That auction is the Heritage August, 2016 Anaheim Auction. The coins belong to a long time member of the PCGS Message Boards, and I wish him the very best with the sale.
    
       This coin series has produced the lowest mintage Type coins by the US Mint in the past 100+ years! For the next couple weeks ahead of the sale, I plan to share some interesting facts about the PCGS 70 gra
    
  • wondercoinwondercoin Posts: 16,989 ✭✭✭✭✭

    Tradedesk... I am also looking forward to Part 2. I’ve tied up a great deal of funds with my Spouse inventory beginning (10) years ago. The Spouse “wine” is nearly mature and has been a long time coming. On the other hand, the BT coins are like a delicious IPA beer that requires no aging whatsoever and is ready to drink. Wondercoin.

    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
  • I would argue for the spouse and gold commemoratives new low mintages are a dual edged sword.

    Whatever profit is gained by a new low mintage issue or 'key' is more than offset by the decline in value of prior keys and others in series as a whole..........

  • MilesWaitsMilesWaits Posts: 5,402 ✭✭✭✭✭

    @2manycoins2fewfunds said:
    I would argue for the spouse and gold commemoratives new low mintages are a dual edged sword.

    Whatever profit is gained by a new low mintage issue or 'key' is more than offset by the decline in value of prior keys and others in series as a whole..........

    Nah, Just get in and get out quickly before the next uglie gets released.
    It’s a game, after all.

    Now riding the swell in PM's and surf.
  • KkathylKkathyl Posts: 3,762 ✭✭✭✭✭

    Glad I bought first day

    Best place to buy !
    Bronze Associate member

  • AkbeezAkbeez Posts: 2,696 ✭✭✭✭✭

    So what's the best gold bet: BT proof or Ford/Nixon Unc's (neck and neck)? Tick tock...

    Refs: MCM,Fivecents,Julio,Robman,Endzone,Coiny,Agentjim007,Musky1011,holeinone1972,Tdec1000,Type2,bumanchu, Metalsman,Wondercoin,Pitboss,Tomohawk,carew4me,segoja,thebigeng,jlc_coin,mbogoman,sportsmod,dragon,tychojoe,Schmitz7,claychaser, Bullsitter, robeck, Nickpatton, jwitten, and many OTHERS
  • OverdateOverdate Posts: 7,132 ✭✭✭✭✭

    @Akbeez said:
    So what's the best gold bet: BT proof or Ford/Nixon Unc's (neck and neck)? Tick tock...

    The lowest mintage proof $5 gold is the 2016 Mark Twain at 13266. No others under 15000. The Boys Town proof is currently 7031, so it could potentially come in 40% lower than the next lowest coin, just as the BT unc. did.

    If I were going to buy a First Spouse from the Mint's remaining inventory, it would be a Betty Ford proof.

    My Adolph A. Weinman signature :)

  • 7over87over8 Posts: 4,733 ✭✭✭

    Please put a fork in those gold haags—never has a bullion Coin series been so universally hated in the coin collecting community
    @wondercoin-I think I’d rather have overstock of Lewis and Clark Indian pouches than those haags

  • drei3reedrei3ree Posts: 3,430 ✭✭✭✭

    @Overdate said:
    If I were going to buy a First Spouse from the Mint's remaining inventory, it would be a Betty Ford proof.

    Why?

  • RaufusRaufus Posts: 6,819 ✭✭✭✭✭

    @Akbeez said:
    So what's the best gold bet: BT proof or Ford/Nixon Unc's (neck and neck)? Tick tock...

    Or, will Nixon and Ford overtake Eleanor??

    Land of the Free because of the Brave!
  • OverdateOverdate Posts: 7,132 ✭✭✭✭✭

    @drei3ree said:

    @Overdate said:
    If I were going to buy a First Spouse from the Mint's remaining inventory, it would be a Betty Ford proof.

    Why?

    Latest Betty Ford proof sales are 2449 to Pat Nixon's 2626. Collectors generally prefer proof gold commems and bullion coins to uncs by a ratio of around 3-1 (examples: 2016 Mark Twain and National Parks, proof vs. burnished gold and silver eagles). Eleanor Roosevelt proof generally fetches a higher price than ER uncirculated, even though the proof has about a 25% higher mintage.

    My Adolph A. Weinman signature :)

  • pf70collectorpf70collector Posts: 6,697 ✭✭✭

    A Jackie Robinson MS 69 gold sold for $844.44

  • 7over87over8 Posts: 4,733 ✭✭✭

    And BT unc 5 Gold in OGP has sold for 899.95

  • FullStrikeFullStrike Posts: 4,353 ✭✭✭

    @wondercoin said:
    Good point. BT unc May be a temporary key. Either Betty Ford or Patricia Nixon unc will be the permanent series key in less than 10 days.

    Using your logic (and many might), the 1915-S $50 Pan Pac Round is still the "key" and worth around $300,000 or so in top grade.

    Wondercoin

    I've always had a fascination with those Pan-Pac $50 Slugs ever since I first looked into a Redbook way back when I was around 10. I saw one in the Smithsonian but other than that they will always be just a Dream Coin for me.

    Now if I ever hit the lotto for a couple $487 Million.................. I think my aim will be to buy every MS65 or better I can find. Priority given to those magnificent Octagonals.

  • wondercoinwondercoin Posts: 16,989 ✭✭✭✭✭

    A $1,000,000 Lottery Win will do just fine!

    Wondercoin

    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
  • Coin FinderCoin Finder Posts: 7,309 ✭✭✭✭✭

    The proof PCGS First Strike PR70DCAM are gone off ebay. There were at least 8 of them a couple of days ago..

  • OverdateOverdate Posts: 7,132 ✭✭✭✭✭
    edited December 26, 2017 2:26PM

    Boys Town proofs now 7134, up 103 for the week. Barring a huge last-minute jump, looks to be the lowest mintage by far for modern $5 gold proofs.

    My Adolph A. Weinman signature :)

  • OverdateOverdate Posts: 7,132 ✭✭✭✭✭

    Betty Ford unc. and Pat Nixon unc. now 1975 each. Almost certainly neither one will be the key. I think it's now a lock for Eleanor Roosevelt at 1886, unless this week's buying is offset by nearly 100 returns for each coin.

    Last week's sales of Ford and Nixon uncirculated were 237 each, while proof sales were 8 for Nixon and 9 for Ford. It appears very likely that most of the unc. buying was speculative. If I'm right about collector preferences, the long-term winner of the still-available Spouses will be the Betty Ford proof, with sales so far of 2458.

    My Adolph A. Weinman signature :)

  • wondercoinwondercoin Posts: 16,989 ✭✭✭✭✭

    Overdate. After getting shut out on a big time winner (Boys Town MS coin), many folks were simply trying to catch “lightening in a bottle” chasing the Ford/Nixon coins last week. The result - nearly $350,000-$400,000 in funds placed on “OK” coins that will not provide the massive price run up that the BT coins did (but might be “OK” in the long run). The question may be how much of this $350k-$400k in product will be returned to the mint in the next week or two. After all, it appears like “dead money” now. If most of it is returned to the mint, these two coins might still be the low mintage leaders. Talk about whomever spent this $350k-$400k controlling their own destiny!

    As always, just my two cents. Wondercoin.

    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
  • tincuptincup Posts: 5,297 ✭✭✭✭✭

    Hmmm... how about that. I had placed an order for the Unc BT gold on nearly the last day before it was marked sold out... but listed as backordered. Watched through out the month nearly 3 weeks, and there was no change in status; so I figured no chance. Checked today... and it has now shipped!

    Makes me think they possibly DID mint a few more to fill the orders that were placed during 'backorder' status. When the order was placed, there was a message that more would be minted and expected shipment date was the 28th. Certainly appears that may have happened. Guess we will find out after Tuesdays numbers come out; regardless the BT gold unc will still be key since I'm sure there were not many extras minted if it indeed that took place.

    Anyone else just get an order filled? If so, a nice late Christmas gift.

    ----- kj
  • SweetpieSweetpie Posts: 493 ✭✭✭✭

    hmmm interesting development.
    My guess is that they were fulfilling the "backorder" orders thru stock on hand and not newly minted coins. My reasoning was because my backorder was only partcially fulfilled and shipped 2 weeks ago.

  • FullStrikeFullStrike Posts: 4,353 ✭✭✭

    Next year we'll probably be looking at the 500 mintage level ( Bitcoin Mania totally taking over ) so they better sell em while anyone wants anything at all. ;-)

  • kiyotekiyote Posts: 5,586 ✭✭✭✭✭

    Jackie was the key for over 20 years.. BT Unc could hold for a long, long time. Ending sales early caught a lot of people off guard.

    "I'll split the atom! I am the fifth dimension! I am the eighth wonder of the world!" -Gef the talking mongoose.
  • Coin FinderCoin Finder Posts: 7,309 ✭✭✭✭✭

    Commemoratives 17CB 2017 BOYS TOWN GOLD UNC 2947 01/01/2018

    Commemoratives 17CG 2017 BOYS TOWN 3-COIN SET 5532 01/01/2018
    Commemoratives 17CA 2017 BOYS TOWN GOLD PROOF 1844 01/01/2018

  • radiomanradioman Posts: 768 ✭✭✭

    Program Name Item Description Adj. Net Demand Date Sales Report is Valid

    17CB 2017 BOYS TOWN GOLD UNC 2947 01/01/2018

    sales went down by 48 coins

  • kiyotekiyote Posts: 5,586 ✭✭✭✭✭

    @radioman said:
    Program Name Item Description Adj. Net Demand Date Sales Report is Valid

    17CB 2017 BOYS TOWN GOLD UNC 2947 01/01/2018
    sales went down by 48 coins

    That’s a big drop! I’m surprised.

    "I'll split the atom! I am the fifth dimension! I am the eighth wonder of the world!" -Gef the talking mongoose.
  • spotthedogspotthedog Posts: 313 ✭✭✭

    I bought a Boys Town gold proof on dec. 27. I received it on dec. 30. It had a couple of tiny blemishes (see able with unaided eye). As I'm sending it back today for an exchange, (mint rep isn't sure I'll get an exchange) I noticed the inside certificate is for a proof Boys Town silver dollar. Methinks they had sent me somebody else's return.

  • OverdateOverdate Posts: 7,132 ✭✭✭✭✭

    2017 BOYS TOWN GOLD PROOF 1844
    2017 BOYS TOWN 3-COIN SET 5532

    So the total number of proofs is 7376. That's WAY down from the previous champ, the 2016 Mark Twain, which sold 13000+. I think the proof will do very well since the end users (collectors) prefer proofs by a wide margin.

    My Adolph A. Weinman signature :)

  • ManorcourtmanManorcourtman Posts: 8,130 ✭✭✭✭✭

    @Overdate said:
    2017 BOYS TOWN GOLD PROOF 1844
    2017 BOYS TOWN 3-COIN SET 5532

    So the total number of proofs is 7376. That's WAY down from the previous champ, the 2016 Mark Twain, which sold 13000+. I think the proof will do very well since the end users (collectors) prefer proofs by a wide margin.

    Surprised no one is talking about this!

  • FullStrikeFullStrike Posts: 4,353 ✭✭✭

    "Surprised no one is talking about this!"

    Unfortunately the entire Boys Town Program seems to have been DOA from the announcement stage. No one wanted these Coins at issue pricing. They certainly don't want to pay higher prices now that there has been a mercy killing of the series. Like a Leper Colony that "used" to be in the next Town over, people just want to mercifully forget about the tragedy of it all.

    I have to wonder if anyone even would have wanted these Coins at a discount? The doors were thrown open for flippers and stockpilers and the response was underwhelming to the point of new mintage lows for every Coin in the series.

    The message is painful. But it's something that needs to be dealt with .


    This is a draft from weeks ago. Has anything changed? Does anyone want this Coin at all? Or any Coin in the Series?

  • drei3reedrei3ree Posts: 3,430 ✭✭✭✭

    Commemoratives 17CA 2017 BOYS TOWN GOLD PROF 1838 01/15/2018
    Commemoratives 17CB 2017 BOYS TOWN GOLD UNC 2947 01/15/2018
    Commemoratives 17CG 2017 BOYS TOWN 3-COIN SET 5532 01/15/2018

    7370 now for the proofs! Are there any other modern proofs this low other than the 1st Spouse coins?

  • tincuptincup Posts: 5,297 ✭✭✭✭✭

    Looks to me like ALL the Boys Town commems are key dates (including the $5 proof):

    $5 Unc mintage of 2947 beats 1997 Jackie's 5174 soundly.

    $5 Proof mintage of 7370 beats 2016 Mark Twain's 13,266 soundly.

    $1 Unc mintage of 12,313 beats 1996-D Paralympics 14,497 reasonably well.

    $1 proof mintage of 31,651 beats 2014 Civil Rights 61,992 nearly by half.

    50c Unc mintage of 15,561 beats 2016 National Parks 21,382 soundly.

    50c Proof mintage of 23,213 beats 2013 Generals 47,326 by nearly 1/2.

    Not sure I did all the math correctly, some of these totals were from a week ago. But looks like an interesting mintage across the group. Course if no one wants them, might not matter. Actually, I don't mind the $5 design... certainly not awe inspiring, but it IS to honor an individual who made some good contributions. The simplicity of the design is part of what I have begun to appreciate some more than before.

    ----- kj
  • OverdateOverdate Posts: 7,132 ✭✭✭✭✭
    edited January 18, 2018 7:34PM

    @drei3ree said:
    Commemoratives 17CA 2017 BOYS TOWN GOLD PROF 1838 01/15/2018
    Commemoratives 17CB 2017 BOYS TOWN GOLD UNC 2947 01/15/2018
    Commemoratives 17CG 2017 BOYS TOWN 3-COIN SET 5532 01/15/2018

    7370 now for the proofs! Are there any other modern proofs this low other than the 1st Spouse coins?

    An overwhelming majority of the proofs likely went to collectors rather than investors and speculators. Three-fourths of the gold proofs were bought in the three-coin sets, which historically have been of little interest to speculators.

    I expect gold proofs to be much scarcer than uncs in the aftermarket. At the moment there are 24 uncs on eBay compared to only 7 proofs!

    My Adolph A. Weinman signature :)

  • wondercoinwondercoin Posts: 16,989 ✭✭✭✭✭

    Overdate... I can ask Justin to post (25) - (50) proofs for sale on eBay later today (and cancel 5 or 10 Unc. offerings) if that might change your opinion ;)

    That would then be about (12) MS and (50) + proofs on eBay with just one seller making a slight adjustment to his offerings.

    Wondercoin.

    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
  • OverdateOverdate Posts: 7,132 ✭✭✭✭✭

    Wondercoin . . . that would skew the ratio in the short run, but in the medium and long term I think the proof will be scarcer and more in demand by collectors in the secondary market. At present prices I think the proof is a better buy at ~$450 than the uncirc at $800 and higher.

    My Adolph A. Weinman signature :)

  • drei3reedrei3ree Posts: 3,430 ✭✭✭✭

    And why do people continue to buy the Jackie UNC for $800-$1,000? I understand the PCGS MS70 because of the very low pop, but the MS69's...just ridiculous! The proofs seem to get a bump too???

  • OverdateOverdate Posts: 7,132 ✭✭✭✭✭
    edited January 19, 2018 10:35AM

    @drei3ree said:
    And why do people continue to buy the Jackie UNC for $800-$1,000? I understand the PCGS MS70 because of the very low pop, but the MS69's...just ridiculous! The proofs seem to get a bump too???

    Jackie Robinson unc. peaked at over $4000, and is still in the process of backing off. After 20 years the coins are widely dispersed and many are off the market, while the Boys Town unc. still has quantities bought by investors that are actively being released into the market.

    My Adolph A. Weinman signature :)

  • ianrussellianrussell Posts: 2,496 ✭✭✭✭✭

    There's also so few First Strikes on eBay. I don't think it would take much to really move the market if someone wanted 50-100 coins.

    • Ian
    Ian Russell
    Owner/Founder GreatCollections
    GreatCollections Coin Auctions - Certified Coin Auctions Every Week - Rare Coins & Coin Values
  • FullStrikeFullStrike Posts: 4,353 ✭✭✭

    Jackie Robinson will always be an iconic figure in the Sports World. Regardless of where the mintage stands in the Coin World , demand will always be there from diehard Baseball Fans. Personally I'd rather have a hi grade Rookie Card but you never know, maybe some want both Card and Coin.

  • wondercoinwondercoin Posts: 16,989 ✭✭✭✭✭

    It’s about a year later now. I just assisted Justin with writing an interesting article on these coins. You can read it under PCGS news (and stories)- the link is on the PCGS homepage.

    Wondercoin.

    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
  • blitzdudeblitzdude Posts: 6,331 ✭✭✭✭✭

    And all this time I just thought Boys Towns was a shady place down in Nuevo Laredo. lol

    The whole worlds off its rocker, buy Gold™.
    BOOMIN!™

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