@cinque1543 said:
I really don't care for colorful and gimmicky coins, medals or whatever you want to call them. But the French mint also has gone big time in to these types of items, so I guess it's a trend. And if they bring a younger audience in to the coin hobby, maybe it's a good thing.
I cautiously agree. I think it's fine for the mint to make Comic book coins especially if it brings younger people into coin collecting. I just don't want this types of releases to end up being half the catalog like they are at many mints. A comic book character on a series of coins, then Harry Potter, then Jaws, then Scooby Do. . .
Given prices, I don't see this really enticing young people into being coin collectors.
First, it isn't a coin. Second, pure cost, not something a lot of young people will be thinking about getting and putting aside for collecting purposes.
Also, what age are you thinking? I had, just coincidentally enough, asked my inlaws this morning if their kids had ANY interest in coin collecting, or may in the future. I gave them my old comic book collection 2 months ago (about 1000+ books from 10c to $1.50+ price on cover). They appreciated the comics, watch superhero movies, etc, but there is no interest in coins.
None.
So, my lower end stuff, that could build a foundation and save $$$ while helping a YN to learn, is still in limbo. Key, semi-keys, and classics can still be sold as I was thinking, but that leaves books, mint sets, proof sets, binders, rolls, etc, in limbo. Oh well.
So, on the topic of these superhero, licensed, medals, I just don't see that doing much for the hobby for new/young collectors
Correct. They totally misjudged the market, made a stupid deal with DC, and consequently priced them all way too high. And this was before the run up in precious metal prices. Like First Spouses, these were DOA at the first release.
@cinque1543 said:
I really don't care for colorful and gimmicky coins, medals or whatever you want to call them. But the French mint also has gone big time in to these types of items, so I guess it's a trend. And if they bring a younger audience in to the coin hobby, maybe it's a good thing.
I cautiously agree. I think it's fine for the mint to make Comic book coins especially if it brings younger people into coin collecting. I just don't want this types of releases to end up being half the catalog like they are at many mints. A comic book character on a series of coins, then Harry Potter, then Jaws, then Scooby Do. . .
Given prices, I don't see this really enticing young people into being coin collectors.
First, it isn't a coin. Second, pure cost, not something a lot of young people will be thinking about getting and putting aside for collecting purposes.
Also, what age are you thinking? I had, just coincidentally enough, asked my inlaws this morning if their kids had ANY interest in coin collecting, or may in the future. I gave them my old comic book collection 2 months ago (about 1000+ books from 10c to $1.50+ price on cover). They appreciated the comics, watch superhero movies, etc, but there is no interest in coins.
None.
So, my lower end stuff, that could build a foundation and save $$$ while helping a YN to learn, is still in limbo. Key, semi-keys, and classics can still be sold as I was thinking, but that leaves books, mint sets, proof sets, binders, rolls, etc, in limbo. Oh well.
So, on the topic of these superhero, licensed, medals, I just don't see that doing much for the hobby for new/young collectors
Correct. They totally misjudged the market, made a stupid deal with DC, and consequently priced them all way too high. And this was before the run up in precious metal prices. Like First Spouses, these were DOA at the first release.
I don't think these were ever aimed at kids.
They also sold 28,000 1 oz Superman medals and 15,000 of the 2.5 oz silver. I'm not sure i would turn my nose up at that number. Batman sold less, which proves the market is older.
All comments reflect the opinion of the author, even when irrefutably accurate.
@cinque1543 said:
I really don't care for colorful and gimmicky coins, medals or whatever you want to call them. But the French mint also has gone big time in to these types of items, so I guess it's a trend. And if they bring a younger audience in to the coin hobby, maybe it's a good thing.
I cautiously agree. I think it's fine for the mint to make Comic book coins especially if it brings younger people into coin collecting. I just don't want this types of releases to end up being half the catalog like they are at many mints. A comic book character on a series of coins, then Harry Potter, then Jaws, then Scooby Do. . .
Given prices, I don't see this really enticing young people into being coin collectors.
First, it isn't a coin. Second, pure cost, not something a lot of young people will be thinking about getting and putting aside for collecting purposes.
Also, what age are you thinking? I had, just coincidentally enough, asked my inlaws this morning if their kids had ANY interest in coin collecting, or may in the future. I gave them my old comic book collection 2 months ago (about 1000+ books from 10c to $1.50+ price on cover). They appreciated the comics, watch superhero movies, etc, but there is no interest in coins.
None.
So, my lower end stuff, that could build a foundation and save $$$ while helping a YN to learn, is still in limbo. Key, semi-keys, and classics can still be sold as I was thinking, but that leaves books, mint sets, proof sets, binders, rolls, etc, in limbo. Oh well.
So, on the topic of these superhero, licensed, medals, I just don't see that doing much for the hobby for new/young collectors
Correct. They totally misjudged the market, made a stupid deal with DC, and consequently priced them all way too high. And this was before the run up in precious metal prices. Like First Spouses, these were DOA at the first release.
I don't think these eye ever aimed at kids.
They also sold 28,000 1 oz Superman medals and 15,000 of the 2.5 oz silver. I'm not sure i would turn my nose up at that number. Batman sold less, which proves the market is older.
Kids, adults, whatever. The gold and 2.5 oz silver had relatively low mintages, and haven't sold out. Not at launch, and not months later.
They misjudged the market. Unless the idea was to establish low mintages, high prices, and not sell out.
@cinque1543 said:
I really don't care for colorful and gimmicky coins, medals or whatever you want to call them. But the French mint also has gone big time in to these types of items, so I guess it's a trend. And if they bring a younger audience in to the coin hobby, maybe it's a good thing.
I cautiously agree. I think it's fine for the mint to make Comic book coins especially if it brings younger people into coin collecting. I just don't want this types of releases to end up being half the catalog like they are at many mints. A comic book character on a series of coins, then Harry Potter, then Jaws, then Scooby Do. . .
Given prices, I don't see this really enticing young people into being coin collectors.
First, it isn't a coin. Second, pure cost, not something a lot of young people will be thinking about getting and putting aside for collecting purposes.
Also, what age are you thinking? I had, just coincidentally enough, asked my inlaws this morning if their kids had ANY interest in coin collecting, or may in the future. I gave them my old comic book collection 2 months ago (about 1000+ books from 10c to $1.50+ price on cover). They appreciated the comics, watch superhero movies, etc, but there is no interest in coins.
None.
So, my lower end stuff, that could build a foundation and save $$$ while helping a YN to learn, is still in limbo. Key, semi-keys, and classics can still be sold as I was thinking, but that leaves books, mint sets, proof sets, binders, rolls, etc, in limbo. Oh well.
So, on the topic of these superhero, licensed, medals, I just don't see that doing much for the hobby for new/young collectors
Correct. They totally misjudged the market, made a stupid deal with DC, and consequently priced them all way too high. And this was before the run up in precious metal prices. Like First Spouses, these were DOA at the first release.
I don't think these eye ever aimed at kids.
They also sold 28,000 1 oz Superman medals and 15,000 of the 2.5 oz silver. I'm not sure i would turn my nose up at that number. Batman sold less, which proves the market is older.
Kids, adults, whatever. The gold and 2.5 oz silver had relatively low mintages, and haven't sold out. Not at launch, and not months later.
They misjudged the market. Unless the idea was to establish low mintages, high prices, and not sell out.
I'm not sure that's true. To my knowledge, I haven't checked the ATS lately, they never had the full mintage on sale. So (back to the "limit" argument), even though they set a mintage limit, they don't appear to have ever minted the full lot. So, they may have judged the market quite accurately.
All comments reflect the opinion of the author, even when irrefutably accurate.
Its possible they misjudged the market but it also depends on the fees to DC and what that commitment does to mintages.
If they need the numbers to work then they need the production.
This is a newer program for the Mint, success will determine if there will be other licenses of commercially successful American cultural icons. Interesting times.
@cinque1543 said:
I really don't care for colorful and gimmicky coins, medals or whatever you want to call them. But the French mint also has gone big time in to these types of items, so I guess it's a trend. And if they bring a younger audience in to the coin hobby, maybe it's a good thing.
I cautiously agree. I think it's fine for the mint to make Comic book coins especially if it brings younger people into coin collecting. I just don't want this types of releases to end up being half the catalog like they are at many mints. A comic book character on a series of coins, then Harry Potter, then Jaws, then Scooby Do. . .
Given prices, I don't see this really enticing young people into being coin collectors.
First, it isn't a coin. Second, pure cost, not something a lot of young people will be thinking about getting and putting aside for collecting purposes.
Also, what age are you thinking? I had, just coincidentally enough, asked my inlaws this morning if their kids had ANY interest in coin collecting, or may in the future. I gave them my old comic book collection 2 months ago (about 1000+ books from 10c to $1.50+ price on cover). They appreciated the comics, watch superhero movies, etc, but there is no interest in coins.
None.
So, my lower end stuff, that could build a foundation and save $$$ while helping a YN to learn, is still in limbo. Key, semi-keys, and classics can still be sold as I was thinking, but that leaves books, mint sets, proof sets, binders, rolls, etc, in limbo. Oh well.
So, on the topic of these superhero, licensed, medals, I just don't see that doing much for the hobby for new/young collectors
Correct. They totally misjudged the market, made a stupid deal with DC, and consequently priced them all way too high. And this was before the run up in precious metal prices. Like First Spouses, these were DOA at the first release.
I don't think these eye ever aimed at kids.
They also sold 28,000 1 oz Superman medals and 15,000 of the 2.5 oz silver. I'm not sure i would turn my nose up at that number. Batman sold less, which proves the market is older.
Kids, adults, whatever. The gold and 2.5 oz silver had relatively low mintages, and haven't sold out. Not at launch, and not months later.
They misjudged the market. Unless the idea was to establish low mintages, high prices, and not sell out.
I'm not sure that's true. To my knowledge, I haven't checked the ATS lately, they never had the full mintage on sale. So (back to the "limit" argument), even though they set a mintage limit, they don't appear to have ever minted the full lot. So, they may have judged the market quite accurately.
No, they didn't. Unless they didn't want to sell the maximum mintage. In which case they should have set a lower maximum mintage at the outset. Would have created a possible frenzy, but wouldn't have made DC happy if they valued the contract based on the maximum mintage.
We can argue about what ATS really means all we want, but it is absolutely not meant to be an indication of the quantity of anything they are ultimately ready, willing and able to sell. It's nothing more than what is loaded into inventory at any given point in time. The mere fact that some things go unavailable and then spring back to life, in significant quantity,meaning that what is later added to ATS is not simply returns, is evidence of this.
With respect to Gold Superman specifically, I can speak with some knowledge, because I was there and involved at the time. I loved the coins, hated the pricing, and wanted to get in if they were going to be good.
So I bought some at release, as ATS ticked down to 0, since it started at far fewer than 10K, maybe as little as 5K, and I thought it might be another short mintage. Hurt myself patting myself on the back when they went unavailable, only to say WTF when they became available again, either later the same day or the next day.
It was clear the entire 10K would be made available for purchase, the remaining ATS quantity sat, and cancellations then started rolling in as ATS increased. Including mine.
So, I can't speak to what might be the final quantity, based on what they are actually able to sell. I am sure you are correct that the entire 10K was not minted, given the delay in shipping and the tepid response once the remaining quantity was made available for sale. If you add current ATS to what the latest sales report shows as sold, you get pretty darn close to 10K.
But they do have a licensing partner here who surely wants to get paid for every unit sold. So I can pretty much assure you they are not going to be doing what they have done with other items, and just arbitrarily cut off sales when there is demand. Again, doesn't mean they won't make less than the maximum if they can't sell them. Which is clearly precisely what is happening here.
Given how these have sold since launch, and given the premiums the Mint is charging, they are never going to be anything other than overpriced crap. Now it's not going to matter how low they set the maximum mintage of the remaining issues in the series, because the market has lost interest and moved on. Just like the First Spouses.
"With respect to Gold Superman specifically, I can speak with some knowledge, because I was there and involved at the time. I loved the coins, hated the pricing, and wanted to get in if they were going to be good."
"Given how these have sold since launch, and given the premiums the Mint is charging, they are never going to be anything other than overpriced crap."
From loving the coins, to calling them overpriced crap.
@cinque1543 said:
I really don't care for colorful and gimmicky coins, medals or whatever you want to call them. But the French mint also has gone big time in to these types of items, so I guess it's a trend. And if they bring a younger audience in to the coin hobby, maybe it's a good thing.
I cautiously agree. I think it's fine for the mint to make Comic book coins especially if it brings younger people into coin collecting. I just don't want this types of releases to end up being half the catalog like they are at many mints. A comic book character on a series of coins, then Harry Potter, then Jaws, then Scooby Do. . .
Given prices, I don't see this really enticing young people into being coin collectors.
First, it isn't a coin. Second, pure cost, not something a lot of young people will be thinking about getting and putting aside for collecting purposes.
Also, what age are you thinking? I had, just coincidentally enough, asked my inlaws this morning if their kids had ANY interest in coin collecting, or may in the future. I gave them my old comic book collection 2 months ago (about 1000+ books from 10c to $1.50+ price on cover). They appreciated the comics, watch superhero movies, etc, but there is no interest in coins.
None.
So, my lower end stuff, that could build a foundation and save $$$ while helping a YN to learn, is still in limbo. Key, semi-keys, and classics can still be sold as I was thinking, but that leaves books, mint sets, proof sets, binders, rolls, etc, in limbo. Oh well.
So, on the topic of these superhero, licensed, medals, I just don't see that doing much for the hobby for new/young collectors
Correct. They totally misjudged the market, made a stupid deal with DC, and consequently priced them all way too high. And this was before the run up in precious metal prices. Like First Spouses, these were DOA at the first release.
I don't think these eye ever aimed at kids.
They also sold 28,000 1 oz Superman medals and 15,000 of the 2.5 oz silver. I'm not sure i would turn my nose up at that number. Batman sold less, which proves the market is older.
Kids, adults, whatever. The gold and 2.5 oz silver had relatively low mintages, and haven't sold out. Not at launch, and not months later.
They misjudged the market. Unless the idea was to establish low mintages, high prices, and not sell out.
I'm not sure that's true. To my knowledge, I haven't checked the ATS lately, they never had the full mintage on sale. So (back to the "limit" argument), even though they set a mintage limit, they don't appear to have ever minted the full lot. So, they may have judged the market quite accurately.
No, they didn't. Unless they didn't want to sell the maximum mintage. In which case they should have set a lower maximum mintage at the outset. Would have created a possible frenzy, but wouldn't have made DC happy if they valued the contract based on the maximum mintage.
We can argue about what ATS really means all we want, but it is absolutely not meant to be an indication of the quantity of anything they are ultimately ready, willing and able to sell. It's nothing more than what is loaded into inventory at any given point in time. The mere fact that some things go unavailable and then spring back to life, in significant quantity,meaning that what is later added to ATS is not simply returns, is evidence of this.
With respect to Gold Superman specifically, I can speak with some knowledge, because I was there and involved at the time. I loved the coins, hated the pricing, and wanted to get in if they were going to be good.
So I bought some at release, as ATS ticked down to 0, since it started at far fewer than 10K, maybe as little as 5K, and I thought it might be another short mintage. Hurt myself patting myself on the back when they went unavailable, only to say WTF when they became available again, either later the same day or the next day.
It was clear the entire 10K would be made available for purchase, the remaining ATS quantity sat, and cancellations then started rolling in as ATS increased. Including mine.
So, I can't speak to what might be the final quantity, based on what they are actually able to sell. I am sure you are correct that the entire 10K was not minted, given the delay in shipping and the tepid response once the remaining quantity was made available for sale. If you add current ATS to what the latest sales report shows as sold, you get pretty darn close to 10K.
But they do have a licensing partner here who surely wants to get paid for every unit sold. So I can pretty much assure you they are not going to be doing what they have done with other items, and just arbitrarily cut off sales when there is demand. Again, doesn't mean they won't make less than the maximum if they can't sell them. Which is clearly precisely what is happening here.
Given how these have sold since launch, and given the premiums the Mint is charging, they are never going to be anything other than overpriced crap. Now it's not going to matter how low they set the maximum mintage of the remaining issues in the series, because the market has lost interest and moved on. Just like the First Spouses.
TLDR
All comments reflect the opinion of the author, even when irrefutably accurate.
"With respect to Gold Superman specifically, I can speak with some knowledge, because I was there and involved at the time. I loved the coins, hated the pricing, and wanted to get in if they were going to be good."
"Given how these have sold since launch, and given the premiums the Mint is charging, they are never going to be anything other than overpriced crap."
From loving the coins, to calling them overpriced crap.
Got it.
Well, since his attempted flip failed, he's hurt and angry.
All comments reflect the opinion of the author, even when irrefutably accurate.
"With respect to Gold Superman specifically, I can speak with some knowledge, because I was there and involved at the time. I loved the coins, hated the pricing, and wanted to get in if they were going to be good."
"Given how these have sold since launch, and given the premiums the Mint is charging, they are never going to be anything other than overpriced crap."
From loving the coins, to calling them overpriced crap.
Got it.
Yeah. I always thought they were crazy expensive, but would have been interested at a significantly lower mintage. The design is very attractive.
But, yeah, overpriced crap at $2,710 at release with a mintage of 10K. Would have been interesting at 5K, given that they have sold 5728 to date.
There are no words adequate to describe what they are at $3,750, but overpriced crap really doesn't do it justice, as they keep raising the premium as the price of gold increases. Which is why nearly half of a paltry maximum mintage of 10K remain unloved and unsold.
"With respect to Gold Superman specifically, I can speak with some knowledge, because I was there and involved at the time. I loved the coins, hated the pricing, and wanted to get in if they were going to be good."
"Given how these have sold since launch, and given the premiums the Mint is charging, they are never going to be anything other than overpriced crap."
From loving the coins, to calling them overpriced crap.
Got it.
Well, since his attempted flip failed, he's hurt and angry.
Once in a while, the BS filter begins humming, and one must clear out the lint left behind.
@NJCoin said:
Yeah. I always thought they were crazy expensive, but would have been interested at a significantly lower mintage. The design is very attractive.
Don't worry, these should have much lower future mintages, especially in the third year. Only the first three were popular enough to carry the interest.
@NJCoin said:
Yeah. I always thought they were crazy expensive, but would have been interested at a significantly lower mintage. The design is very attractive.
Don't worry, these should have much lower future mintages, especially in the third year. Only the first three were popular enough to carry the interest.
Not worried. At this point, and at these prices, they won't sell out. No matter how few they make. Just like the First Spouses.
The premium the Mint is charging on the gold is simply too much. You can get a graded 70 for less than what the Mint is charging. I picked up 2 of the Superman (original issue price and slightly under when gold dipped) only because he's my favorite superhero -- but at these premiums there's no chance I'll be buying any of the other gold comic coins.
Comments
Correct. They totally misjudged the market, made a stupid deal with DC, and consequently priced them all way too high. And this was before the run up in precious metal prices. Like First Spouses, these were DOA at the first release.
I don't think these were ever aimed at kids.
They also sold 28,000 1 oz Superman medals and 15,000 of the 2.5 oz silver. I'm not sure i would turn my nose up at that number. Batman sold less, which proves the market is older.
All comments reflect the opinion of the author, even when irrefutably accurate.
Kids, adults, whatever. The gold and 2.5 oz silver had relatively low mintages, and haven't sold out. Not at launch, and not months later.
They misjudged the market. Unless the idea was to establish low mintages, high prices, and not sell out.
I'm not sure that's true. To my knowledge, I haven't checked the ATS lately, they never had the full mintage on sale. So (back to the "limit" argument), even though they set a mintage limit, they don't appear to have ever minted the full lot. So, they may have judged the market quite accurately.
All comments reflect the opinion of the author, even when irrefutably accurate.
The shocker silver sales for last week were the Batman silver 1 ounce medal selling out by doubling sales.
Its possible they misjudged the market but it also depends on the fees to DC and what that commitment does to mintages.
If they need the numbers to work then they need the production.
This is a newer program for the Mint, success will determine if there will be other licenses of commercially successful American cultural icons. Interesting times.
No, they didn't. Unless they didn't want to sell the maximum mintage. In which case they should have set a lower maximum mintage at the outset. Would have created a possible frenzy, but wouldn't have made DC happy if they valued the contract based on the maximum mintage.
We can argue about what ATS really means all we want, but it is absolutely not meant to be an indication of the quantity of anything they are ultimately ready, willing and able to sell. It's nothing more than what is loaded into inventory at any given point in time. The mere fact that some things go unavailable and then spring back to life, in significant quantity,meaning that what is later added to ATS is not simply returns, is evidence of this.
With respect to Gold Superman specifically, I can speak with some knowledge, because I was there and involved at the time. I loved the coins, hated the pricing, and wanted to get in if they were going to be good.
So I bought some at release, as ATS ticked down to 0, since it started at far fewer than 10K, maybe as little as 5K, and I thought it might be another short mintage. Hurt myself patting myself on the back when they went unavailable, only to say WTF when they became available again, either later the same day or the next day.
It was clear the entire 10K would be made available for purchase, the remaining ATS quantity sat, and cancellations then started rolling in as ATS increased. Including mine.
So, I can't speak to what might be the final quantity, based on what they are actually able to sell. I am sure you are correct that the entire 10K was not minted, given the delay in shipping and the tepid response once the remaining quantity was made available for sale. If you add current ATS to what the latest sales report shows as sold, you get pretty darn close to 10K.
But they do have a licensing partner here who surely wants to get paid for every unit sold. So I can pretty much assure you they are not going to be doing what they have done with other items, and just arbitrarily cut off sales when there is demand. Again, doesn't mean they won't make less than the maximum if they can't sell them. Which is clearly precisely what is happening here.
Given how these have sold since launch, and given the premiums the Mint is charging, they are never going to be anything other than overpriced crap. Now it's not going to matter how low they set the maximum mintage of the remaining issues in the series, because the market has lost interest and moved on. Just like the First Spouses.
That look on his face says he sniffed them.
@NJCoin
"With respect to Gold Superman specifically, I can speak with some knowledge, because I was there and involved at the time. I loved the coins, hated the pricing, and wanted to get in if they were going to be good."
"Given how these have sold since launch, and given the premiums the Mint is charging, they are never going to be anything other than overpriced crap."
From loving the coins, to calling them overpriced crap.
Got it.
TLDR
All comments reflect the opinion of the author, even when irrefutably accurate.
Well, since his attempted flip failed, he's hurt and angry.
All comments reflect the opinion of the author, even when irrefutably accurate.
Yeah. I always thought they were crazy expensive, but would have been interested at a significantly lower mintage. The design is very attractive.
But, yeah, overpriced crap at $2,710 at release with a mintage of 10K. Would have been interesting at 5K, given that they have sold 5728 to date.
There are no words adequate to describe what they are at $3,750, but overpriced crap really doesn't do it justice, as they keep raising the premium as the price of gold increases. Which is why nearly half of a paltry maximum mintage of 10K remain unloved and unsold.
I am not alone. Not a lot to "get."
Once in a while, the BS filter begins humming, and one must clear out the lint left behind.
No biggie, I've moved on.
Don't worry, these should have much lower future mintages, especially in the third year. Only the first three were popular enough to carry the interest.
Not worried. At this point, and at these prices, they won't sell out. No matter how few they make. Just like the First Spouses.
The premium the Mint is charging on the gold is simply too much. You can get a graded 70 for less than what the Mint is charging. I picked up 2 of the Superman (original issue price and slightly under when gold dipped) only because he's my favorite superhero -- but at these premiums there's no chance I'll be buying any of the other gold comic coins.