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ernie11
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ernie11
Posts: 2,113 ✭✭✭✭✭
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Pumping out low relief, mediocre design medals on silver eagle planchets does not appear like a winning proposition. If there were something exceptional -- maybe -- but as shown so far, they have little appeal except as bullion.
I agree with RogerB. Medals have long been the step-children to coins. About the only ways that they have been able to break out of the pack has been when they had exceptional designs or historical significance. Even then when a coin and a medal are of about equal rarity, the coin is almost always worth more.
I, for one, can't keep up with all this stuff. It's almost like a flood of products to drown in.
Pete
For military branch and service commemorative medals, like the recently launched World War I Centennial medals, if they're bought by one of their intended audiences (active-duty and retired service members and their friends and families), the secondary market will be irrelevant. The medals will be diffused among a huge audience far larger than the numismatic hobby community.
There are just over 1,000,000 uniformed personnel of the United States Army. 324,000 active-duty Navy. 320,000 active Air Force. 182,000 Marines. 36,000 active-duty members of the Coast Guard.
There are 2,210,000 retired service members. . . .
If those audiences buy the 100,000 World War I medals, rather than flippers, then there won't be a secondary market because the medals will reside in permanent, personal collections, rather than an arbitrageur's warehouse.
In most cases, medals generate interest because of their design or quality of design. Coins, on the other hand, have a certain base audience just because they are coins.
The future of most will be the melting pot.
Well, get used to it.
The Mint is planning on a full silver Presidential medal series (like the TR medal in the TR C&C set, based on the bronze medals), in addition to more (current) military medals. (The Mint already has the go ahead to do the presidential medals, they are seeking approval for the military medals.)
They will be proof, struck on ASE blanks. (As opposed to the current WWI medals, which are struck on 90%.)
These will be released in 2020 (or later),
Between coins and challenge coins, I have more than enough to keep me busy.... heck, I have a list of things to check for in my collection and a few things I want to get...and not enough time to do it all...
Having way too much fun for one guy.... Cheers, RickO
My question for the .999 bullion presidential medals would be... will they make another bullion medal for the presidents that already have one in the coin and Chronicles series?
Yes --- but you'll be able to distinguish them because the Presidential silver medal series will be in Proof format, while the C&C medals were Mint State.