The ase’s are coming in those cheap lint filled cardboard junk boxes. I read somewhere that the armed forces medals were going to have nicer quality packaging.
By the way. If you go to the coast guard silver September 26 release. Open it and the enrollment is open for all armed forces medals. 😉🙀🦫
The art work for the coast guard looks great 😻
By the way. If you go to the coast guard silver September 26 release. Open it and the enrollment is open for all armed forces medals. 😉🙀🦫
The art work for the coast guard looks great 😻
Thanks for the enrollment info... I wonder how that's going to work at this point as the US Air Force 1oz is already sold out?
Not sold out. Available right now. The enrollment looks like the coast guard will be included.
Unavailable is not sold out. I’m checking every day for the 3- roll Maya to pop up. It will and I’ll be waiting !! 😉🙀🦫
One of our YN’s patiently waited months to get 2019 S enhanced reverse ( the biggy $2000 current approximate value) Checked every day and got one. Great story. 😉🙀🦫
This is really a 180 from the mint. The medal is beautiful, has a great hefty feel and the packaging is amazing.
I’m shocked. It’s really fabulous 😉🙀🦫
Pictures are reflecting some smutz but it’s not on the coin 😁
IMO, they are not getting as many 70's back from early grading and there is no or negative margin in 69's. The ones I have seen look great at first glance for sure, but there are a lot with very small but visible problems. One tiny tick that you see a shiny line when rotating at an angle in light and some with a small discoloration spot. Enough to get a lot of 69's.
If a large amount of people received multiples of these, and return the ones not perfect back, if they say they "changed their mind", or "Merchandise arrived too late", do they go back on sale?
I believe if someone says the product is damaged on a return, they do not ever go back on sale.
But it seems like there are a lot of cancellations one way or another.
I missed the boat on the medal, as usual. Even if I did wait patiently and slam the buy key, I probably would not have been able to order one. Now what? Flippers are jacking the price way up, the way they did with the Psuedo-Peace and Morgan Dollars. Any suggestions?
“When you don't know what you're talking about, it's hard to know when you're finished.” - Tommy Smothers
@Goldminers said:
IMO, they are not getting as many 70's back from early grading and there is no or negative margin in 69's. The ones I have seen look great at first glance for sure, but there are a lot with very small but visible problems. One tiny tick that you see a shiny line when rotating at an angle in light and some with a small discoloration spot. Enough to get a lot of 69's.
.
I ordered five. Of the five, I think two will make 70, one is a 70/69 fence sitter, and two have no chance at 70 - to become raw gifts to family and friends.
The issues that I saw were surprisingly not in the fields, but in the devices.
I think that these medals will grade out a bit like the 2021 Denver Morgans.
Steve Palladino - Ike Group member - DIVa (Designated Ike Varieties) Project co-lead and attributor
@rooksmith said:
I missed the boat on the medal, as usual. Even if I did wait patiently and slam the buy key, I probably would not have been able to order one. Now what? Flippers are jacking the price way up, the way they did with the Psuedo-Peace and Morgan Dollars. Any suggestions?
I wouldn’t say that, “Flippers are jacking the price way up.” These are available for $97 on eBay vs. the $75 issue price. Big difference from the Peace dollars at $220+.
@jessewvu said:
uh... at 11:53, there are 21,531 available.. seems odd
It's not -- while they were unavailable, they were never sold out. In hindsight, the mint never made the full 75,000 maximum mintage available.
You can tell this because the order page says that orders placed after 8/29 won't be shipped until October. This can only mean they are making more, as opposed to just selling stock made available through cancelled order, refused shipments, credit card problems, etc.
Initial hype created demand far exceeding the mint's initial mintage, which caused the item to go unavailable, which got people excited thinking there was a flip here, which artificially increased initial demand even more. There is no flip here, other than for the lucky few who were able to sell on ebay to people suffering from FOMO who couldn't patiently wait for things to settle down. It's a nice design, but it's an ounce of silver for $75 in the form of a medallion, not a coin, with a maximum mintage of 75,000.
It turns out that when you remove buyers hoping for a flip, the demand for a pretty silver round at $75/ounce is far less than 75,000 units. You can now buy as many as you want at that price, and will likely soon be able to buy as many as you want at far less than that as it starts to dawn on people speculating on these that they are screwed and they start dumping them. Given how many the mint was able to push out the door, it's hard to see how these even settle above $50 when all is said and done, let alone $97, or even $75.
@jessewvu said:
Copy all. Just seemed odd that they would add 24,000 coins/medals at once after several weeks of not doing that
Agreed! I think the expectation was that they wouldn't come close to selling 75,000, so they didn't make that many. Once they saw that people were gobbling them up at 7:30 each morning, someone had to make the decision to put them back into production. It's not like they are ASEs, where they knew up front that the demand would be there.
Two weeks doesn't seem like a crazy amount of time for them to come to the decision. Especially taking into account their 7 day return policy! Can you imagine the amount of returns they'd be dealing with if the 24,000 were made available immediately? Or how many they would not have sold had it appeared from the beginning that it wasn't headed to sell out?
They are actually starting to run things more like a business, creating hype through enrollment sell-outs, maximizing profits by creating rarities that they sell to the highest bidder via auction, not making additional quantities, albeit still within stated mintage limits, until after the return period has expired for initial purchasers, making quantities available to bulk purchasers outside stated mintage limits, etc. Good for them! They are finally creating some value for taxpayers, after years of leaving tons of money on the table for bots and flippers.
My guess lots of large orders returned, no hhl and visions of flipping caused many to order 100 plus, not me but I know some who did and I been helping them sell some but no where close to 100 . Returns I think had to be post marked within 7 days
Al
@al410 said:
My guess lots of large orders returned, no hhl and visions of flipping caused many to order 100 plus, not me but I know some who did and I been helping them sell some but no where close to 100 . Returns I think had to be post marked within 7 days
Al
Nope. If that was the case, they would be available immediately, and they wouldn't be on back-order until the middle of October. They have released the balance of the 75,000 mintage limit that was not previously available for purchase, and cannot ship until they are minted and packaged.
There is absolutely no way they sold 75,000 AND had 25,000 come back, all within 2 weeks. Also, they do not accept returns from the bulk purchasers, who make up the vast majority of large sales. The people you are talking about would not have known within a week of receipt that they were buried, since the coins have been selling at a premium on eBay, AND they remained unavailable at the mint, other than for a few minutes at 7:30 on some days.
Wannabees who bought 100+ hoping for a quick flip are far and few between. Their returns and/or cancellations are what have been accounting for whatever has been popping up at 7:30 each morning. The new quantity is new mintage, and is going to destroy whatever value these might have otherwise had.
It turns out that the demand was never really there. It's just that no one had any idea, since it was not obvious from the quantity remaining at noon on 8/18 whether the mint had pre-sold this newly available 25,000 to bulk purchasers and subscriptions, or whether they were unavailable because they had not been minted and released into inventory. In fact, this possibility probably never even occurred to most people.
Now that the return window has passed and they have made the balance available on back-order, we have our answer. The days of the easy flip are probably now behind us, and people who are going to get burned on this one probably won't be so fast to pull the trigger on the next one.
The mint finally seems to be learning how to move product into stable hands (collectors and big dealers), at higher than ever prices, without going through bots and other flippers gobbling desirable items at below market prices and marking them up before placing them with collectors. To be honest, anyone who thought there was going to be easy money in a $75 one ounce silver medallion with a 75,000 mintage limit is getting exactly what they deserve.
Well some things you said I did not know, like that they would not be available till october. Well 75000 is still a small mintage but I am glad I don't have a hundred of them. We have only 2 left .
Al
@al410 said:
Well some things you said I did not know, like that they would not be available till october. Well 75000 is still a small mintage but I am glad I don't have a hundred of them. We have only 2 left .
Al
@jessewvu said:
uh... at 11:53, there are 21,531 available.. seems odd
It's not -- while they were unavailable, they were never sold out. In hindsight, the mint never made the full 75,000 maximum mintage available.
You can tell this because the order page says that orders placed after 8/29 won't be shipped until October. This can only mean they are making more, as opposed to just selling stock made available through cancelled order, refused shipments, credit card problems, etc.
Initial hype created demand far exceeding the mint's initial mintage, which caused the item to go unavailable, which got people excited thinking there was a flip here, which artificially increased initial demand even more. There is no flip here, other than for the lucky few who were able to sell on ebay to people suffering from FOMO who couldn't patiently wait for things to settle down. It's a nice design, but it's an ounce of silver for $75 in the form of a medallion, not a coin, with a maximum mintage of 75,000.
It turns out that when you remove buyers hoping for a flip, the demand for a pretty silver round at $75/ounce is far less than 75,000 units. You can now buy as many as you want at that price, and will likely soon be able to buy as many as you want at far less than that as it starts to dawn on people speculating on these that they are screwed and they start dumping them. Given how many the mint was able to push out the door, it's hard to see how these even settle above $50 when all is said and done, let alone $97, or even $75.
I agree 100% with this. I would like to hear your explanation next week when about half of the Tennessee Innovation coins pop back up as available. Thanks
@Jzyskowski1 said:
Coast guard is coming up on the 26th.
Its a beauty, love the reverse. The obverse is also magnificent 😉🦫🙀
As I said in the other thread about the Coast Guard coin - I like that they put the newest class (National Security Class) of Coast Guard cutter on the front - NSC-753 also happens to have the namesake of the one man who is considered by most to be the founder of the Coast Guard - Alexander Hamilton (Secretary of the Treasury).
Lots of other historical aspects on the coin too.
The "Honor, Respect, and Devotion to Duty" tag line though, has no historical significance to the Coast Guard - it was a late 1990's invention following corporations making up tag lines and mission statements - The Total Quality Management (TQM) days when the military had nothing to do and the MBA's started running things!
They would have been better off with other sayings, such as, "You have to go out, you don't have to come back in" tag line!
I did not go after the two 2021 2.5 ounce releases of this series, and have since purchased the two 2022 2.5 ounce medals and enrolled in the one ounce series. I have the Air Force medal and look forward to the Coast Guard medal after the 26th.
@al410 said:
I still see them selling for $90 to $105 during last couple of days on Ebay
Al
Yup. Some buyers clearly did not get the memo, or are unwilling to wait a month. Even so, the price will begin to drop soon as nervous sellers realize there are over 20,000 available from the mint for $75, especially when they begin shipping again.
So many have already been sold, as compared to a normal issue like this, that the price is almost certain to dip far below $75 as would be flippers cut their losses and move on. If they are unwilling to take the loss, they are going to be waiting a helluva long time for silver to approach $75/oz,
I know these aren't coins, but I'd much rather have one of these beautiful medals than a boring proof silver eagle that the Mint sells for about the same price. And proof Silver eagles wholesale for $80+ too... whatever! These will make their way to collectors that will appreciate the designs and I don't think they'll be going for way below issue price anytime soon.
@illini420 said:
I know these aren't coins, but I'd much rather have one of these beautiful medals than a boring proof silver eagle that the Mint sells for about the same price. And proof Silver eagles wholesale for $80+ too... whatever! These will make their way to collectors that will appreciate the designs and I don't think they'll be going for way below issue price anytime soon.
We'll see. I agree that they are beautiful, but the fact remains that the collector base for medals is a fraction of that for coins. There is no comparison to a proof ASE, that has a built-in, worldwide collector base.
As far as holding its value goes, I'd agree if there was no hype around this on release, because then, truly, only collectors that appreciate the designs would have been buyers. When would-be flippers buy up thousands because they see something heading for "sellout," only to have another 25,000 magically appear available for sale two weeks later, that is an almost guaranteed recipe for a huge overhang that will only resolve itself by dumping at whatever price clears the market.
The mint will happily sit on inventory until an item is pulled and melted. OTOH, the gap between melt and $75 is too great for wannabe flippers to either sit on these indefinitely, or to melt them to preserve value for collectors. Trust me, at some point these will be dumped on eBay for whatever people can get for them. That ultimate price will be far above melt and also far below $75, unless some group of collectors with an appreciation for their beauty decides to preserve their value by putting in bids for all that become available at $75.
There is just no evidence that the natural demand for a US Mint medal is anywhere near 75,000. Or even 54,000, which is the number of medals out in the wild right now. This is not a coin, or an ASE, or a Morgan or Peace dollar. It's a Liberty medal. One ounce of silver, with no stated denomination, priced at $75. It might have appeared to have been a "sellout" within a few hours on 8/18, but it turns out that 20,909 out of a maximum mintage of 75,000 are still available on 9/9.
Trust me -- 54,000 are not currently in collector's hands. Most people who will ever want these already have them. The people who grabbed them on 8/18 hoping for a flip, who have not already liquidated, will be taking a bath as they lose patience and sell them for whatever they can get. And, that will be significantly below $75 once the selling begins and everyone runs for the exit.
@illini420 said:
I know these aren't coins, but I'd much rather have one of these beautiful medals than a boring proof silver eagle that the Mint sells for about the same price. And proof Silver eagles wholesale for $80+ too... whatever! These will make their way to collectors that will appreciate the designs and I don't think they'll be going for way below issue price anytime soon.
We'll see. I agree that they are beautiful, but the fact remains that the collector base for medals is a fraction of that for coins. There is no comparison to a proof ASE, that has a built-in, worldwide collector base.
As far as holding its value goes, I'd agree if there was no hype around this on release, because then, truly, only collectors that appreciate the designs would have been buyers. When would-be flippers buy up thousands because they see something heading for "sellout," only to have another 25,000 magically appear available for sale two weeks later, that is an almost guaranteed recipe for a huge overhang that will only resolve itself by dumping at whatever price clears the market.
The mint will happily sit on inventory until an item is pulled and melted. OTOH, the gap between melt and $75 is too great for wannabe flippers to either sit on these indefinitely, or to melt them to preserve value for collectors. Trust me, at some point these will be dumped on eBay for whatever people can get for them. That ultimate price will be far above melt and also far below $75, unless some group of collectors with an appreciation for their beauty decides to preserve their value by putting in bids for all that become available at $75.
There is just no evidence that the natural demand for a US Mint medal is anywhere near 75,000. Or even 54,000, which is the number of medals out in the wild right now. This is not a coin, or an ASE, or a Morgan or Peace dollar. It's a Liberty medal. One ounce of silver, with no stated denomination, priced at $75. It might have appeared to have been a "sellout" within a few hours on 8/18, but it turns out that 20,909 out of a maximum mintage of 75,000 are still available on 9/9.
Trust me -- 54,000 are not currently in collector's hands. Most people who will ever want these already have them. The people who grabbed them on 8/18 hoping for a flip, who have not already liquidated, will be taking a bath as they lose patience and sell them for whatever they can get. And, that will be significantly below $75 once the selling begins and everyone runs for the exit.
Comments
Mine came today and I'm impressed with the medal and the packaging. Nice job mint. Quick shipping as well.
Mine arrived today. Haven’t opened the box yet.
Glad to hear there's not all sorts of black hairy lint on the coins...Maybe the Mint will get away from the cheap packaging.
BST references available on request
The ase’s are coming in those cheap lint filled cardboard junk boxes. I read somewhere that the armed forces medals were going to have nicer quality packaging.
By the way. If you go to the coast guard silver September 26 release. Open it and the enrollment is open for all armed forces medals. 😉🙀🦫
The art work for the coast guard looks great 😻
🎶 shout shout, let it all out 🎶
Thanks for the enrollment info... I wonder how that's going to work at this point as the US Air Force 1oz is already sold out?
https://catalog.usmint.gov/armed-forces-one-ounce-silver-medal-enrollment-NM.html?cgid=2022-product-schedule&start=null&q=null
BST references available on request
Available again this morning.
Successful transactions with forum members commoncents05, dmarks, Coinscratch, Bullsitter, DCW, TwoSides2aCoin, Namvet69 (facilitated for 3rd party), Tetromibi, ProfLizMay, MASSU2, MWallace, Bruce7789, Twobitcollector, 78saen, U1chicago, Rob41281
Not sold out. Available right now. The enrollment looks like the coast guard will be included.
Unavailable is not sold out. I’m checking every day for the 3- roll Maya to pop up. It will and I’ll be waiting !! 😉🙀🦫
One of our YN’s patiently waited months to get 2019 S enhanced reverse ( the biggy $2000 current approximate value) Checked every day and got one. Great story. 😉🙀🦫
🎶 shout shout, let it all out 🎶
This is really a 180 from the mint. The medal is beautiful, has a great hefty feel and the packaging is amazing.
I’m shocked. It’s really fabulous 😉🙀🦫
Pictures are reflecting some smutz but it’s not on the coin 😁
🎶 shout shout, let it all out 🎶
Over 99 available again this morning.
Successful transactions with forum members commoncents05, dmarks, Coinscratch, Bullsitter, DCW, TwoSides2aCoin, Namvet69 (facilitated for 3rd party), Tetromibi, ProfLizMay, MASSU2, MWallace, Bruce7789, Twobitcollector, 78saen, U1chicago, Rob41281
👍🏼 😉🙀🦫🎣
🎶 shout shout, let it all out 🎶
Wow, even a Sloth could buy one today.
Dealers must not like this coin
IMO, they are not getting as many 70's back from early grading and there is no or negative margin in 69's. The ones I have seen look great at first glance for sure, but there are a lot with very small but visible problems. One tiny tick that you see a shiny line when rotating at an angle in light and some with a small discoloration spot. Enough to get a lot of 69's.
My US Mint Commemorative Medal Set
If a large amount of people received multiples of these, and return the ones not perfect back, if they say they "changed their mind", or "Merchandise arrived too late", do they go back on sale?
I believe if someone says the product is damaged on a return, they do not ever go back on sale.
But it seems like there are a lot of cancellations one way or another.
My US Mint Commemorative Medal Set
I missed the boat on the medal, as usual. Even if I did wait patiently and slam the buy key, I probably would not have been able to order one. Now what? Flippers are jacking the price way up, the way they did with the Psuedo-Peace and Morgan Dollars. Any suggestions?
.
I ordered five. Of the five, I think two will make 70, one is a 70/69 fence sitter, and two have no chance at 70 - to become raw gifts to family and friends.
The issues that I saw were surprisingly not in the fields, but in the devices.
I think that these medals will grade out a bit like the 2021 Denver Morgans.
- Ike Group member
- DIVa (Designated Ike Varieties) Project co-lead and attributor
Available for about five minutes today....
I wouldn’t say that, “Flippers are jacking the price way up.” These are available for $97 on eBay vs. the $75 issue price. Big difference from the Peace dollars at $220+.
It’s available now. Been up for several hours 😉🦫🙀
Air Force medal available also
🎶 shout shout, let it all out 🎶
These will be available for a long time. Air Force & Liberty
I ordered one this AM. First try would not work. Second time did. Also got a USAF medal.
uh... at 11:53, there are 21,531 available.. seems odd
It's not -- while they were unavailable, they were never sold out. In hindsight, the mint never made the full 75,000 maximum mintage available.
You can tell this because the order page says that orders placed after 8/29 won't be shipped until October. This can only mean they are making more, as opposed to just selling stock made available through cancelled order, refused shipments, credit card problems, etc.
Initial hype created demand far exceeding the mint's initial mintage, which caused the item to go unavailable, which got people excited thinking there was a flip here, which artificially increased initial demand even more. There is no flip here, other than for the lucky few who were able to sell on ebay to people suffering from FOMO who couldn't patiently wait for things to settle down. It's a nice design, but it's an ounce of silver for $75 in the form of a medallion, not a coin, with a maximum mintage of 75,000.
It turns out that when you remove buyers hoping for a flip, the demand for a pretty silver round at $75/ounce is far less than 75,000 units. You can now buy as many as you want at that price, and will likely soon be able to buy as many as you want at far less than that as it starts to dawn on people speculating on these that they are screwed and they start dumping them. Given how many the mint was able to push out the door, it's hard to see how these even settle above $50 when all is said and done, let alone $97, or even $75.
Copy all. Just seemed odd that they would add 24,000 coins/medals at once after several weeks of not doing that
Agreed! I think the expectation was that they wouldn't come close to selling 75,000, so they didn't make that many. Once they saw that people were gobbling them up at 7:30 each morning, someone had to make the decision to put them back into production. It's not like they are ASEs, where they knew up front that the demand would be there.
Two weeks doesn't seem like a crazy amount of time for them to come to the decision. Especially taking into account their 7 day return policy! Can you imagine the amount of returns they'd be dealing with if the 24,000 were made available immediately? Or how many they would not have sold had it appeared from the beginning that it wasn't headed to sell out?
They are actually starting to run things more like a business, creating hype through enrollment sell-outs, maximizing profits by creating rarities that they sell to the highest bidder via auction, not making additional quantities, albeit still within stated mintage limits, until after the return period has expired for initial purchasers, making quantities available to bulk purchasers outside stated mintage limits, etc. Good for them! They are finally creating some value for taxpayers, after years of leaving tons of money on the table for bots and flippers.
My guess lots of large orders returned, no hhl and visions of flipping caused many to order 100 plus, not me but I know some who did and I been helping them sell some but no where close to 100 . Returns I think had to be post marked within 7 days
Al
Nope. If that was the case, they would be available immediately, and they wouldn't be on back-order until the middle of October. They have released the balance of the 75,000 mintage limit that was not previously available for purchase, and cannot ship until they are minted and packaged.
There is absolutely no way they sold 75,000 AND had 25,000 come back, all within 2 weeks. Also, they do not accept returns from the bulk purchasers, who make up the vast majority of large sales. The people you are talking about would not have known within a week of receipt that they were buried, since the coins have been selling at a premium on eBay, AND they remained unavailable at the mint, other than for a few minutes at 7:30 on some days.
Wannabees who bought 100+ hoping for a quick flip are far and few between. Their returns and/or cancellations are what have been accounting for whatever has been popping up at 7:30 each morning. The new quantity is new mintage, and is going to destroy whatever value these might have otherwise had.
It turns out that the demand was never really there. It's just that no one had any idea, since it was not obvious from the quantity remaining at noon on 8/18 whether the mint had pre-sold this newly available 25,000 to bulk purchasers and subscriptions, or whether they were unavailable because they had not been minted and released into inventory. In fact, this possibility probably never even occurred to most people.
Now that the return window has passed and they have made the balance available on back-order, we have our answer. The days of the easy flip are probably now behind us, and people who are going to get burned on this one probably won't be so fast to pull the trigger on the next one.
The mint finally seems to be learning how to move product into stable hands (collectors and big dealers), at higher than ever prices, without going through bots and other flippers gobbling desirable items at below market prices and marking them up before placing them with collectors. To be honest, anyone who thought there was going to be easy money in a $75 one ounce silver medallion with a 75,000 mintage limit is getting exactly what they deserve.
Well some things you said I did not know, like that they would not be available till october. Well 75000 is still a small mintage but I am glad I don't have a hundred of them. We have only 2 left .
Al
I still see them selling for $90 to $105 during last couple of days on Ebay
Al
🎶 shout shout, let it all out 🎶
I agree 100% with this. I would like to hear your explanation next week when about half of the Tennessee Innovation coins pop back up as available. Thanks
Coast guard is coming up on the 26th.
Its a beauty, love the reverse. The obverse is also magnificent 😉🦫🙀
🎶 shout shout, let it all out 🎶
Liberty medal sales figure through 9/4 = 53,134. USAF 1 oz sales figures only 13,864. Both available today but Liberty medal on back order.
As I said in the other thread about the Coast Guard coin - I like that they put the newest class (National Security Class) of Coast Guard cutter on the front - NSC-753 also happens to have the namesake of the one man who is considered by most to be the founder of the Coast Guard - Alexander Hamilton (Secretary of the Treasury).
Lots of other historical aspects on the coin too.
The "Honor, Respect, and Devotion to Duty" tag line though, has no historical significance to the Coast Guard - it was a late 1990's invention following corporations making up tag lines and mission statements - The Total Quality Management (TQM) days when the military had nothing to do and the MBA's started running things!
They would have been better off with other sayings, such as, "You have to go out, you don't have to come back in" tag line!
BST references available on request
I did not go after the two 2021 2.5 ounce releases of this series, and have since purchased the two 2022 2.5 ounce medals and enrolled in the one ounce series. I have the Air Force medal and look forward to the Coast Guard medal after the 26th.
Yup. Some buyers clearly did not get the memo, or are unwilling to wait a month. Even so, the price will begin to drop soon as nervous sellers realize there are over 20,000 available from the mint for $75, especially when they begin shipping again.
So many have already been sold, as compared to a normal issue like this, that the price is almost certain to dip far below $75 as would be flippers cut their losses and move on. If they are unwilling to take the loss, they are going to be waiting a helluva long time for silver to approach $75/oz,
Bullion. Pass.
I know these aren't coins, but I'd much rather have one of these beautiful medals than a boring proof silver eagle that the Mint sells for about the same price. And proof Silver eagles wholesale for $80+ too... whatever! These will make their way to collectors that will appreciate the designs and I don't think they'll be going for way below issue price anytime soon.
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448
What happened to the cowboy?
We'll see. I agree that they are beautiful, but the fact remains that the collector base for medals is a fraction of that for coins. There is no comparison to a proof ASE, that has a built-in, worldwide collector base.
As far as holding its value goes, I'd agree if there was no hype around this on release, because then, truly, only collectors that appreciate the designs would have been buyers. When would-be flippers buy up thousands because they see something heading for "sellout," only to have another 25,000 magically appear available for sale two weeks later, that is an almost guaranteed recipe for a huge overhang that will only resolve itself by dumping at whatever price clears the market.
The mint will happily sit on inventory until an item is pulled and melted. OTOH, the gap between melt and $75 is too great for wannabe flippers to either sit on these indefinitely, or to melt them to preserve value for collectors. Trust me, at some point these will be dumped on eBay for whatever people can get for them. That ultimate price will be far above melt and also far below $75, unless some group of collectors with an appreciation for their beauty decides to preserve their value by putting in bids for all that become available at $75.
There is just no evidence that the natural demand for a US Mint medal is anywhere near 75,000. Or even 54,000, which is the number of medals out in the wild right now. This is not a coin, or an ASE, or a Morgan or Peace dollar. It's a Liberty medal. One ounce of silver, with no stated denomination, priced at $75. It might have appeared to have been a "sellout" within a few hours on 8/18, but it turns out that 20,909 out of a maximum mintage of 75,000 are still available on 9/9.
Trust me -- 54,000 are not currently in collector's hands. Most people who will ever want these already have them. The people who grabbed them on 8/18 hoping for a flip, who have not already liquidated, will be taking a bath as they lose patience and sell them for whatever they can get. And, that will be significantly below $75 once the selling begins and everyone runs for the exit.
Maybe. 😉🦫🙀
🎶 shout shout, let it all out 🎶
Actually, these have wonderful packaging and the case is old school. 😉🦫🙀
🎶 shout shout, let it all out 🎶