Marine Coin Sellout in Sight according to NN
CyStater
Posts: 681 ✭✭✭
Sorry if this has already been reported here, but I didn't see anything.
According to NN, as of Aug. 23, 543,856 total coins sold out of total 600,000 almost assured to be a sellout.
This is my new favorite modern commem, great looking coin IMHO.
Dillon
According to NN, as of Aug. 23, 543,856 total coins sold out of total 600,000 almost assured to be a sellout.
This is my new favorite modern commem, great looking coin IMHO.
Dillon
0
Comments
"Senorita HepKitty"
"I want a real cool Kitty from Hepcat City, to stay in step with me" - Bill Carter
Just kidding of course. I love those deep fields!
<< <i>I dunno Lucy..... needs some color, don't you think? Too black and white....!!!
Just kidding of course. I love those deep fields! >>
"Senorita HepKitty"
"I want a real cool Kitty from Hepcat City, to stay in step with me" - Bill Carter
It's really difficult to decide which is better; the Unc or the Proof. I think it's a winner no matter what!
From NN
To free up more proof coins for individual sales, the Mint has decided to cap the production limit of the American Legacy Collection at 50,000 instead of the previously announced 100,000.
Looking for alot of crap.
However, in reading all the threads about potential sell-outs I get the impression that many are thinking this will go up in value. I don't believe so. The mintage is just way too large in comparison to others in the series. The big winners in the modern commem series have mintages of less than 20,000. Some say "What about the Buffalo Dollar?" Yes, the Buffalo Dollar does have a combined mintage of 500,000. But the reason it has maintained its price increase is because the dealers were caught off guard by the speed of internet ordering. Being shut out by the incredibly fast sell out the dealers were unable to build inventories. Even the dealers who got in and placed large orders were limited to just 10 coins after the fact.
With the Marine Dollar, the limits have been lifted and the dealers have ordered all they need for inventory. So enjoy the beautiful coins, but don't count on any big gains. Although as a collector of modern commems, no one would be more pleased than I to see big gains.
I do believe there could be some appreciation in the Legacy set. If the current collectors of the Prestige Proof Sets see this as a must have to keep their collections current it could take off. Right now it is running under the radar to these collectors cause non have reached the market yet.
In contrast, the Marine coin is desired by coin collectors, and marines. We coin collectors were eagerly awaiting the launch date and placed our orders right away, but many current and former marines do not follow numismatic news and so may not have been aware that the mint was selling the coin. Weeks or months after sellout, someone sees a picture of it or hears of it and decides they want to buy one, and they have to pay the secondary market price since the primary market (the mint) is sold out already.
I think some people are afraid that everyone who wants a marine coin will have had plenty of time in the last 5-6 weeks to order theirs. While this may be true of coin collectors, there are many marines and relatives of marines who will want the coin, but do not become aware of the issue until after the mint's sellout. Whether this "delayed demand" will negate dealer speculation remains to be seen, but I believe it will be a factor nonetheless.
Every time I look, they've added 3 days to the expected ship date.
Box of 20