I think the US Mint sees there’s an aftermarket speculation chance and wants to keep some of that revenue for itself. With that being said, their high prices in a time with already high precious metal prices is killing the golden goose and killing coin collecting at a time we should be encouraging “in person” hobbies.
@Onastone said:
Our dollar is being devalued, and this is not the only thing that has gone crazy. I bought a bottle of water from a vending machine for $3.00 last week...I still remember when it cost .25¢ for a can of soda. Our groceries are getting more expensive and the packages are getting smaller as well...that's a double edged sword. This has been a gradual change over years, but has taken off lately to new heights. Another example, regular sized Oreos which were $3.99 not too long ago are now priced $10.69....and there are less Oreos in the package!
So looking at this mint set, yes it appears more expensive, because it is, but.....it has some very interesting coins in there... New designs, dual dating, a new cent (after it was discontinued), and might be more expensive in the years to come.
Yes, inflation exists, and it’s a problem. BUT it costs less than face value to make base metal, clad coins, and the mint charges more and more for them. The mint used to charge $10 for a clad commemorative half dollar. Now it’s over $50. Inflation has not been that high. Yes, the fixed expenses (die preparation) are higher per unit, but not by that much.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
@mbr33 said:
When did the USPS make moves that destroyed the stamp market?
Don't know for sure, but self-adhesive stamps probably didn't help.
There were a lot of things wrong with the stamp market, but I think blaming USPS is exaggerated. Yes, they increased the number of annual offerings. That could have and might have killed the market for new releases. But how did that destroy the classic stamp market?
If you kill off the influx of new collectors to replace the old ones, you are killing off the market for the classics. That’s why the mint’s policy of over pricing everything is so detrimental.
But, again, the stamp variety increases didn't really do that. There was still plenty of cheap, used material which is how going stamp collectors had always started. I'm sure it contributed, as I said. But there was a lot more going on in the stamp market than simply too many new releases.
All comments reflect the opinion of the author, even when irrefutably accurate.
@Creg said:
Call it gouging if one collects the mint-packaged sets, or wants the 2026 cent. EBay sellers, at this moment, offer pennyless sets of 2026 (with one quarter) for ≈ $35.00 (w/plastic case)
This was a cursory search of current auctions/offers, a penny-pincher could do better.
It should be as it was in 1975-6. The coins were put into circulation and every citizen got to see and use them. These roll and bag sales undermine the intention of the legislation which authorized the coins. It’s supposed to be a national celebration, not an orgy of greed for the mint.
The secondary market will respond. Next year the coins in these rolls and bags the lemmings are rushing to buy will be worth face value.
The 40% silver coins weren't put into circulation. ALL the SemiQ coins that circulate ARE being put into circulation. The only exception is the cent which is not being made for circulation.
All comments reflect the opinion of the author, even when irrefutably accurate.
The mint is currently charging $10,392.50 for the American Gold Eagle Proof set. That comes to $5,617.56 per ounce (The set contains 1.85 ounces of gold) with gold at $4,771. If you think that an almost $900 per ounce premium is needed to cover the cost of production, place your order.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
@JBK said:
The USPS also started selling First Day Covers for new issues. They didn't have cachets, but they were in competition with the few large makers of FDCs that were left. The USPS also started issuing stamps with licensed images on them (cartoon characters, movie characters, etc.) and the private FDC makers couldn't create cachets that actually showed the exact subject on the stamps.
None of this singlehandedly caused the collapse of stamp collecting, but it helped contribute to the downfall as FDCs makers went out of business. Their demise was largely a reflection of what was going on, but it also contributed to it.
Yes. And additional factors included:
1- Age of the collector base meant a decrease in market as many were lost through attrition but were not as readily replaced by younger collectors.
2 - Many lost interest as postage stamps were used less in commerce reducing exposure.
3 - Online sites like eBay revealed how common and easily obtainable some of the previously believed to be “elusive “ issues really were.
I think one thing that has helped numismatics stave off a similar fate so far was early advent of coin registries and a very effective marketing campaign by our hosts. Ditto for the grading services and TPG grading. However, there is now a major new slabber on the block and grade inflation has blown up the chimera that third party grading substantially reduces risk associated with buying high value collectibles.
@Onastone said:
Our dollar is being devalued, and this is not the only thing that has gone crazy. I bought a bottle of water from a vending machine for $3.00 last week...I still remember when it cost .25¢ for a can of soda. Our groceries are getting more expensive and the packages are getting smaller as well...that's a double edged sword. This has been a gradual change over years, but has taken off lately to new heights. Another example, regular sized Oreos which were $3.99 not too long ago are now priced $10.69....and there are less Oreos in the package!
So looking at this mint set, yes it appears more expensive, because it is, but.....it has some very interesting coins in there... New designs, dual dating, a new cent (after it was discontinued), and might be more expensive in the years to come.
I use 8X as the sort of deflation index for things like groceries, gas etc. I used to pump Gasoline for a living (lol). Gas was 25c/gal at Butch's Texaco in 1972 when the Iranian revolution broke out and OPEC started the cartel. That was the begining of the end. The American Grafitti era came to a screeching halt. That gave Honda and Toyota (and VW) the market, since gas guzzlers were unaffordable. The gas lines etc. came later.
I wasnt thinking about hoarding mint sets, I was more looking forward to buying a six pack of Pabst for under $1.25
“When you don't know what you're talking about, it's hard to know when you're finished.” - Tommy Smothers
@JBK said:
The USPS also started selling First Day Covers for new issues. They didn't have cachets, but they were in competition with the few large makers of FDCs that were left. The USPS also started issuing stamps with licensed images on them (cartoon characters, movie characters, etc.) and the private FDC makers couldn't create cachets that actually showed the exact subject on the stamps.
None of this singlehandedly caused the collapse of stamp collecting, but it helped contribute to the downfall as FDCs makers went out of business. Their demise was largely a reflection of what was going on, but it also contributed to it.
Yes. And additional factors included:
1- Age of the collector base meant a decrease in market as many were lost through attrition but were not as readily replaced by younger collectors.
2 - Many lost interest as postage stamps were used less in commerce reducing exposure.
3 - Online sites like eBay revealed how common and easily obtainable some of the previously believed to be “elusive “ issues really were.
Does this sound familiar?
Agreed.
And don't forget the double whammy of an aging collector base. Every collector who passes in is one less buyer but also one more collection that needs to be absorbed. It just creates a glut of material.
All comments reflect the opinion of the author, even when irrefutably accurate.
I still like a lot of the stamps. I also like that they are cheaper. There's really never been a better time to collect stamps.
This guy has literally tons sitting there collecting dust. That side of the store looks unchanged over the years.
Anyway, if you’re interested, great guy great prices. https://share.google/Uirheneylv6IbI1DO
I still like a lot of the stamps. I also like that they are cheaper. There's really never been a better time to collect stamps.
This guy has literally tons sitting there collecting dust. That side of the store looks unchanged over the years.
Anyway, if you’re interested, great guy great prices. https://share.google/Uirheneylv6IbI1DO
Long way to go from NY. Lol. I have a house full myself.
All comments reflect the opinion of the author, even when irrefutably accurate.
I still like a lot of the stamps. I also like that they are cheaper. There's really never been a better time to collect stamps.
This guy has literally tons sitting there collecting dust. That side of the store looks unchanged over the years.
Anyway, if you’re interested, great guy great prices. https://share.google/Uirheneylv6IbI1DO
Long way to go from NY. Lol. I have a house full myself.
Just tell him to slap a few of those stamps on the box, lol.
@Coinscratch said:
Just tell him to slap a few of those stamps on the box, lol.
That's one way to get full face value out of stamps that typically sell for a percentage of face.
I'm buying at 30-35% these days because it's hard to even get 50% of face value even for higher valuations (40 to 50 cents). People just don't send mail anymore.
All comments reflect the opinion of the author, even when irrefutably accurate.
@jmlanzaf said:
People just don't send mail anymore.
I hear you there. I've got a pile of discount postage sitting here that I got through eBay. I used to use it on lower valued sales, where I couldn't justify $5 for Ground Advantage. I had just bought a $250 lot and then a month later, eBay introduced "eBay Standard Envelope". Too bad for me, I guess. On the plus side, I've got enough stamps left to send Christmas cards for the rest of my life.
@jmlanzaf said:
People just don't send mail anymore.
I hear you there. I've got a pile of discount postage sitting here that I got through eBay. I used to use it on lower valued sales, where I couldn't justify $5 for Ground Advantage. I had just bought a $250 lot and then a month later, eBay introduced "eBay Standard Envelope". Too bad for me, I guess. On the plus side, I've got enough stamps left to send Christmas cards for the rest of my life.
Lol. I know what you mean. I only use it for international first class. Just not worth the aggravation for anything domestic.
All comments reflect the opinion of the author, even when irrefutably accurate.
You guys need to leverage your collecting opportunities better. Inexpensive First Day Covers combined with discount postage is a pathway into through-the-mail autograph collecting.
A few years ago I bought 250 FDCs for the 1971 Space Achievements stamps at about 15 cents each (less than the original cost in 1971). I've been sending them out to astronauts and others involved in our early space programs.
Here is the one I got back from Christina Koch, who just returned from space with the Artemis II mission.
@jmlanzaf said:
People just don't send mail anymore.
I hear you there. I've got a pile of discount postage sitting here that I got through eBay. I used to use it on lower valued sales, where I couldn't justify $5 for Ground Advantage. I had just bought a $250 lot and then a month later, eBay introduced "eBay Standard Envelope". Too bad for me, I guess. On the plus side, I've got enough stamps left to send Christmas cards for the rest of my life.
Lol. I know what you mean. I only use it for international first class. Just not worth the aggravation for anything domestic.
The cost of first class postage is so high now that you would need to fill the envelope with discount postage stamps to send it. I just sent a letter at the current rate, and it never got there.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
@jmlanzaf said:
People just don't send mail anymore.
I hear you there. I've got a pile of discount postage sitting here that I got through eBay. I used to use it on lower valued sales, where I couldn't justify $5 for Ground Advantage. I had just bought a $250 lot and then a month later, eBay introduced "eBay Standard Envelope". Too bad for me, I guess. On the plus side, I've got enough stamps left to send Christmas cards for the rest of my life.
Lol. I know what you mean. I only use it for international first class. Just not worth the aggravation for anything domestic.
The cost of first class postage is so high now that you would need to fill the envelope with discount postage stamps to send it. I just sent a letter at the current rate, and it never got there.
Discount postage includes stamps that are 40 cents and above. It's not all 3 centers.
All comments reflect the opinion of the author, even when irrefutably accurate.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
The high mint issue price now will lead to lower sales. This will lead to lower population and higher costs in the future for those the NEED to have it.
I use 8X as the sort of deflation index for things like groceries, gas etc. I used to pump Gasoline for a living (lol). Gas was 25c/gal at Butch's Texaco in 1972 when the Iranian revolution broke out and OPEC started the cartel. That was the begining of the end. The American Grafitti era came to a screeching halt. That gave Honda and Toyota (and VW) the market, since gas guzzlers were unaffordable. The gas lines etc. came later.
I wasnt thinking about hoarding mint sets, I was more looking forward to buying a six pack of Pabst for under $1.25
I’m hopeful that the “fad” element that drives a portion of collector demand of all collectibles is less impactful for coins. Coins have been collected I believe since antiquity, certainly for hundreds of years. Not sure what the trajectory looks like for stamps, but certainly not hundreds of years. I do worry that as coins fall out of use, that could ultimately reduce the collector base to a thin group of history buffs or professionals. I won’t be here.
As far as the original topic: yes, the mint is taking advantage of collectors who feel they must have a 2026 cent for their series set. Not unexpected after the omega silliness.
@WayneCa said:
There is no justification for a $124.50 price tag on new coins that have so little intrinsic value.
The "value" is in the 2026 Lincoln Cent
I didn't think about that. Still, the 2026 cents aren't worth that much, at least not to me. That said, I will be buying one set when they are released. I wish I could say no to it, but that will just leave a hole in my collection of mint sets, and there's already a big enough hole where older mint sets is concerned.
Lincoln Cents were the small collectors’ and YNs favorites. Sure there were coins like the 1909-S-VDB and 1914-D which were expense, but in low grade, they were possible. Then the mint came along with these miserable Omega coins with 5 figure prices which cut the little collectors out.
The Government has multi trillions of dollars. Did it really need a few tens of millions from sales of over priced cents? No. Shame on the mint.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
You're cherrypicking data. That's an auction from a seller with a feedback of 8. The price is still in the $140 to $150 neighborhood and it was never much higher than that for the Marine corps issue. It's the Army issue that was closer to $200.
The army issue is also still in the $200 range, which is where it started after release. So, contrary to your assertion, the price on these actually have not come down (yet).
All comments reflect the opinion of the author, even when irrefutably accurate.
@TwoSides2aCoin said:
The mint is creating tomorrow’s rarities today. Their pricing assures this.
Not even close. Even if it badly undersells vs. the any mintage limit, the mintages aren't actually low enough for coins which will have such high survival rates for as long as it matters to anyone reading this thread. The relative preference is also too low.
A virtually 100% survival rate on coins with mintages of 100K+ isn't a low number. Yes, prices are set by the marginal buyer but absent maybe temporary interest, I'd expect it to be mostly forgotten decades from now with the rest of 21st century circulation coinage.
@TwoSides2aCoin said:
The mint is creating tomorrow’s rarities today. Their pricing assures this.
Not even close. Even if it badly undersells vs. the any mintage limit, the mintages aren't actually low enough for coins which will have such high survival rates for as long as it matters to anyone reading this thread. The relative preference is also too low.
A virtually 100% survival rate on coins with mintages of 100K+ isn't a low number. Yes, prices are set by the marginal buyer but absent maybe temporary interest, I'd expect it to be mostly forgotten decades from now with the rest of 21st century circulation coinage.
This is both accurate and incorrect. Sure, for things with mintages of 100k+, they aren't rare. But the Mint has created rarities with mintages of a couple hundred and lower. Those are "rare" even with 100% survival
All comments reflect the opinion of the author, even when irrefutably accurate.
@cameonut2011 said:
I think one thing that has helped numismatics stave off a similar fate so far was early advent of coin registries and a very effective marketing campaign by our hosts. Ditto for the grading services and TPG grading. However, there is now a major new slabber on the block and grade inflation has blown up the chimera that third party grading substantially reduces risk associated with buying high value collectibles.
I'd attribute it to NCLT and the collecting of bullion gold and silver coinage. I agree slabbing gives buyers increased confidence to pay higher market prices post-1986. I don't believe the set registry makes much difference, mostly a marginal one. I agree it impacts the prices for (near) condition census coins by buyers who are actively competing, but most participants aren't doing that.
@TwoSides2aCoin said:
The mint is creating tomorrow’s rarities today. Their pricing assures this.
Not even close. Even if it badly undersells vs. the any mintage limit, the mintages aren't actually low enough for coins which will have such high survival rates for as long as it matters to anyone reading this thread. The relative preference is also too low.
A virtually 100% survival rate on coins with mintages of 100K+ isn't a low number. Yes, prices are set by the marginal buyer but absent maybe temporary interest, I'd expect it to be mostly forgotten decades from now with the rest of 21st century circulation coinage.
This is both accurate and incorrect. Sure, for things with mintages of 100k+, they aren't rare. But the Mint has created rarities with mintages of a couple hundred and lower. Those are "rare" even with 100% survival
If you are referring to gold, platinum, or palladium NCLT, I don't consider those real coins but even for those who do, it isn't equivalent to circulating coinage.
There are so many US modern NCLT with a lot more to come, decades from now I expect practically all of it to sell for melt, "rare" or not.
If you are referring to the omega cents, yes, those gimmicks are rare.
You're cherrypicking data. That's an auction from a seller with a feedback of 8. The price is still in the $140 to $150 neighborhood and it was never much higher than that for the Marine corps issue. It's the Army issue that was closer to $200.
The army issue is also still in the $200 range, which is where it started after release. So, contrary to your assertion, the price on these actually have not come down (yet).
Not to mention, the Marine Corps Commemorative Dollar is NOT the Marine Corps Privy ASE! Different coins, different prices.
@TwoSides2aCoin said:
The mint is creating tomorrow’s rarities today. Their pricing assures this.
Not even close. Even if it badly undersells vs. the any mintage limit, the mintages aren't actually low enough for coins which will have such high survival rates for as long as it matters to anyone reading this thread. The relative preference is also too low.
A virtually 100% survival rate on coins with mintages of 100K+ isn't a low number. Yes, prices are set by the marginal buyer but absent maybe temporary interest, I'd expect it to be mostly forgotten decades from now with the rest of 21st century circulation coinage.
This is both accurate and incorrect. Sure, for things with mintages of 100k+, they aren't rare. But the Mint has created rarities with mintages of a couple hundred and lower. Those are "rare" even with 100% survival
If you are referring to gold, platinum, or palladium NCLT, I don't consider those real coins but even for those who do, it isn't equivalent to circulating coinage.
There are so many US modern NCLT with a lot more to come, decades from now I expect practically all of it to sell for melt, "rare" or not.
If you are referring to the omega cents, yes, those gimmicks are rare.
I am referring to things like the flowing hair dollar and the omega cents, both copper and gold. All Mint numismatic products are NCLT, base metal or precious.
Whether you consider them "coins" or not is quite beside the point. How did the person you responded to classify them? I assume you don't consider 1804 dollars or 1913 liberty nickels to count as rarities either because they are NCLT?
All comments reflect the opinion of the author, even when irrefutably accurate.
Coins are a discretionary purchase, nobody needs one in order to survive. It's not taking advantage of people to sell them for prices they're willing to pay. Sure, they'd prefer to pay less but that's true of just about everything, everywhere, all the time- nobody wants to pay more. If people are willing to spend $XXX for a coin, that's the market. Argue against it or yell at clouds- your choice.
@MasonG said:
Coins are a discretionary purchase, nobody needs one in order to survive. It's not taking advantage of people to sell them for prices they're willing to pay. Sure, they'd prefer to pay less but that's true of just about everything, everywhere, all the time- nobody wants to pay more. If people are willing to spend $XXX for a coin, that's the market. Argue against it or yell at clouds- your choice.
Lol. That's an interesting question: Do "price gouging laws" even apply to discretionary items?
Edited to add 20 seconds of research (is there a coin emergency? Lol):
All comments reflect the opinion of the author, even when irrefutably accurate.
You're cherrypicking data. That's an auction from a seller with a feedback of 8. The price is still in the $140 to $150 neighborhood and it was never much higher than that for the Marine corps issue. It's the Army issue that was closer to $200.
Not to mention, the Marine Corps Commemorative Dollar is NOT the Marine Corps Privy ASE! Different coins, different prices.
True. Although the coin shown is actually the ASE. I'm sure mischaracterizing it didn't help the auction result.
All comments reflect the opinion of the author, even when irrefutably accurate.
Comments
I think the US Mint sees there’s an aftermarket speculation chance and wants to keep some of that revenue for itself. With that being said, their high prices in a time with already high precious metal prices is killing the golden goose and killing coin collecting at a time we should be encouraging “in person” hobbies.
Yes, inflation exists, and it’s a problem. BUT it costs less than face value to make base metal, clad coins, and the mint charges more and more for them. The mint used to charge $10 for a clad commemorative half dollar. Now it’s over $50. Inflation has not been that high. Yes, the fixed expenses (die preparation) are higher per unit, but not by that much.
But, again, the stamp variety increases didn't really do that. There was still plenty of cheap, used material which is how going stamp collectors had always started. I'm sure it contributed, as I said. But there was a lot more going on in the stamp market than simply too many new releases.
All comments reflect the opinion of the author, even when irrefutably accurate.
I still like a lot of the stamps. I also like that they are cheaper. There's really never been a better time to collect stamps.
All comments reflect the opinion of the author, even when irrefutably accurate.
The 40% silver coins weren't put into circulation. ALL the SemiQ coins that circulate ARE being put into circulation. The only exception is the cent which is not being made for circulation.
All comments reflect the opinion of the author, even when irrefutably accurate.
The mint is currently charging $10,392.50 for the American Gold Eagle Proof set. That comes to $5,617.56 per ounce (The set contains 1.85 ounces of gold) with gold at $4,771. If you think that an almost $900 per ounce premium is needed to cover the cost of production, place your order.
Yes. And additional factors included:
1- Age of the collector base meant a decrease in market as many were lost through attrition but were not as readily replaced by younger collectors.
2 - Many lost interest as postage stamps were used less in commerce reducing exposure.
3 - Online sites like eBay revealed how common and easily obtainable some of the previously believed to be “elusive “ issues really were.
Does this sound familiar?
I think one thing that has helped numismatics stave off a similar fate so far was early advent of coin registries and a very effective marketing campaign by our hosts. Ditto for the grading services and TPG grading. However, there is now a major new slabber on the block and grade inflation has blown up the chimera that third party grading substantially reduces risk associated with buying high value collectibles.
Yes, and they are making a LOT of money!
I use 8X as the sort of deflation index for things like groceries, gas etc. I used to pump Gasoline for a living (lol). Gas was 25c/gal at Butch's Texaco in 1972 when the Iranian revolution broke out and OPEC started the cartel. That was the begining of the end. The American Grafitti era came to a screeching halt. That gave Honda and Toyota (and VW) the market, since gas guzzlers were unaffordable. The gas lines etc. came later.
I wasnt thinking about hoarding mint sets, I was more looking forward to buying a six pack of Pabst for under $1.25
A government program that makes lots of money sounds like a good thing for taxpayers.
Agreed.
And don't forget the double whammy of an aging collector base. Every collector who passes in is one less buyer but also one more collection that needs to be absorbed. It just creates a glut of material.
All comments reflect the opinion of the author, even when irrefutably accurate.
This guy has literally tons sitting there collecting dust. That side of the store looks unchanged over the years.
Anyway, if you’re interested, great guy great prices.
https://share.google/Uirheneylv6IbI1DO
Long way to go from NY. Lol. I have a house full myself.
All comments reflect the opinion of the author, even when irrefutably accurate.
Just tell him to slap a few of those stamps on the box, lol.
That's one way to get full face value out of stamps that typically sell for a percentage of face.
I'm buying at 30-35% these days because it's hard to even get 50% of face value even for higher valuations (40 to 50 cents). People just don't send mail anymore.
All comments reflect the opinion of the author, even when irrefutably accurate.
I hear you there. I've got a pile of discount postage sitting here that I got through eBay. I used to use it on lower valued sales, where I couldn't justify $5 for Ground Advantage. I had just bought a $250 lot and then a month later, eBay introduced "eBay Standard Envelope". Too bad for me, I guess. On the plus side, I've got enough stamps left to send Christmas cards for the rest of my life.
Lol. I know what you mean. I only use it for international first class. Just not worth the aggravation for anything domestic.
All comments reflect the opinion of the author, even when irrefutably accurate.
You guys need to leverage your collecting opportunities better. Inexpensive First Day Covers combined with discount postage is a pathway into through-the-mail autograph collecting.
A few years ago I bought 250 FDCs for the 1971 Space Achievements stamps at about 15 cents each (less than the original cost in 1971). I've been sending them out to astronauts and others involved in our early space programs.
Here is the one I got back from Christina Koch, who just returned from space with the Artemis II mission.
The cost of first class postage is so high now that you would need to fill the envelope with discount postage stamps to send it. I just sent a letter at the current rate, and it never got there.
Discount postage includes stamps that are 40 cents and above. It's not all 3 centers.
All comments reflect the opinion of the author, even when irrefutably accurate.
I was excited recently to realize that six of my pile of 13-cent stamps equal 78 cents.
Does anyone remember US half cent stamps?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I still use them, occasionally. And 1-1/2, 2-1/2, 4-1/2 and the ever popular 4-1/4
All comments reflect the opinion of the author, even when irrefutably accurate.
The high mint issue price now will lead to lower sales. This will lead to lower population and higher costs in the future for those the NEED to have it.
The world you once lived in no longer exists.
I’m hopeful that the “fad” element that drives a portion of collector demand of all collectibles is less impactful for coins. Coins have been collected I believe since antiquity, certainly for hundreds of years. Not sure what the trajectory looks like for stamps, but certainly not hundreds of years. I do worry that as coins fall out of use, that could ultimately reduce the collector base to a thin group of history buffs or professionals. I won’t be here.
I've got a bunch of these...
As far as the original topic: yes, the mint is taking advantage of collectors who feel they must have a 2026 cent for their series set. Not unexpected after the omega silliness.
I didn't think about that. Still, the 2026 cents aren't worth that much, at least not to me. That said, I will be buying one set when they are released. I wish I could say no to it, but that will just leave a hole in my collection of mint sets, and there's already a big enough hole where older mint sets is concerned.
Lincoln Cents were the small collectors’ and YNs favorites. Sure there were coins like the 1909-S-VDB and 1914-D which were expense, but in low grade, they were possible. Then the mint came along with these miserable Omega coins with 5 figure prices which cut the little collectors out.
The Government has multi trillions of dollars. Did it really need a few tens of millions from sales of over priced cents? No. Shame on the mint.
the prices for the cent will come way down once the hype is over
Not nearly as much as they should, were they made for circulation.
Or not
We don't even know what the price is yet. 190,000 mintage business strike. Could hold in the $50 range.
All comments reflect the opinion of the author, even when irrefutably accurate.
The 4.9 cent goes nicely with the 20.1 cent.
All comments reflect the opinion of the author, even when irrefutably accurate.
there will be hoarding. once the hoarders realize they can't sell a beat up penny for 500 anymore, the price will fall
prices fal on once hot issues
You're cherrypicking data. That's an auction from a seller with a feedback of 8. The price is still in the $140 to $150 neighborhood and it was never much higher than that for the Marine corps issue. It's the Army issue that was closer to $200.
The army issue is also still in the $200 range, which is where it started after release. So, contrary to your assertion, the price on these actually have not come down (yet).
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Not even close. Even if it badly undersells vs. the any mintage limit, the mintages aren't actually low enough for coins which will have such high survival rates for as long as it matters to anyone reading this thread. The relative preference is also too low.
A virtually 100% survival rate on coins with mintages of 100K+ isn't a low number. Yes, prices are set by the marginal buyer but absent maybe temporary interest, I'd expect it to be mostly forgotten decades from now with the rest of 21st century circulation coinage.
This is both accurate and incorrect. Sure, for things with mintages of 100k+, they aren't rare. But the Mint has created rarities with mintages of a couple hundred and lower. Those are "rare" even with 100% survival
All comments reflect the opinion of the author, even when irrefutably accurate.
I'd attribute it to NCLT and the collecting of bullion gold and silver coinage. I agree slabbing gives buyers increased confidence to pay higher market prices post-1986. I don't believe the set registry makes much difference, mostly a marginal one. I agree it impacts the prices for (near) condition census coins by buyers who are actively competing, but most participants aren't doing that.
If you are referring to gold, platinum, or palladium NCLT, I don't consider those real coins but even for those who do, it isn't equivalent to circulating coinage.
There are so many US modern NCLT with a lot more to come, decades from now I expect practically all of it to sell for melt, "rare" or not.
If you are referring to the omega cents, yes, those gimmicks are rare.
Not to mention, the Marine Corps Commemorative Dollar is NOT the Marine Corps Privy ASE! Different coins, different prices.
I am referring to things like the flowing hair dollar and the omega cents, both copper and gold. All Mint numismatic products are NCLT, base metal or precious.
Whether you consider them "coins" or not is quite beside the point. How did the person you responded to classify them? I assume you don't consider 1804 dollars or 1913 liberty nickels to count as rarities either because they are NCLT?
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ooops
Coins are a discretionary purchase, nobody needs one in order to survive. It's not taking advantage of people to sell them for prices they're willing to pay. Sure, they'd prefer to pay less but that's true of just about everything, everywhere, all the time- nobody wants to pay more. If people are willing to spend $XXX for a coin, that's the market. Argue against it or yell at clouds- your choice.
Lol. That's an interesting question: Do "price gouging laws" even apply to discretionary items?
Edited to add 20 seconds of research (is there a coin emergency? Lol):
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Copper. The new silver.
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
True. Although the coin shown is actually the ASE. I'm sure mischaracterizing it didn't help the auction result.
All comments reflect the opinion of the author, even when irrefutably accurate.