Modern Comms. Think they will make a turnaround?

tizofthe · November 23, 2006 2:49AM

I have noticed over the last year that all the PR and MS comms have been taking a loss of approx 20%. Do you think this is the trend and they will continue to go lower or over time they wil rebound. What is your thought?

FullStrike · November 23, 2006 4:24AM

The recent Anniversary Sets seem to have taken the audience to the upper level coins?

Xokie · November 23, 2006 4:31AM

Well, as a fact free opinion (because I am feeling way too lazy to actually look up any numbers), I think that silver modern commems may have been somewhat elevated about a year ago because of the strong popularity of the Marines issue and then the Ben Franklin issues. This has definitely faded in the last few months as the market was first saturated, then interest dropped. But if you are including gold modern commems in the comment, I think the opposite is true; the overall prices of the ones I follow are up something more than 40% over the last year for any except the most common.

wondercoin · November 23, 2006 4:38AM

Many Commems this year have risen upwards of 50% and more! Those being generally the low mintage specimens - and I have been buying them all year long. High mintage Commems IMHO will languish, if not soften further in price- they are far too common to sustain strong levels. Look no further than the highly popular Marine coins to see coins that simply couldn't sustain pricing based upon high mintages. Franklin coins - the same way. There are basically 2 markets out there for Commems - generics and scarce issues. Again, the scarce issues have performed perhaps better than nearly any other area of Numismaics in 2006- coins such as the LOC $10 Bi-Metal up nearly 100% this year alone.

Wondercoin

JrGMan2004 · November 23, 2006 4:43AM

<< <i>Many Commems this year have risen upwards of 50% and more! Those being generally the low mintage specimens - and I have been buying them all year long. High mintage Commems IMHO will languish, if not soften further in price- they are far too common to sustain strong levels. Look no further than the highly popular Marine coins to see coins that simply couldn't sustain pricing based upon high mintages. Franklin coins - the same way. There are basically 2 markets out there for Commems - generics and scarce issues. Again, the scarce issues have performed perhaps better than nearly any other area of Numismaics in 2006- coins such as the LOC $10 Bi-Metal up nearly 100% this year alone.

Wondercoin >>

And I still have yet to have an Unc LOC $10 Bi-Metal cross my desk...

I really want to see one in hand... there's been a number of the proofs that have passed me by, but still no Unc... But I'm pretty sure I've see just about every other modern commem in Proof and Unc...

tizofthe · November 23, 2006 4:45AM

"Those being generally the low mintage specimens"

I noticed that the 2001 Buffalo is not a low mintage as well as a few others and they are going for a premium and well over some of the other comms that have a lower mintage. How does that come about? Take for instance the 1996 1/2 in PR69. last year it went well over 100.00 and now it cant push the 95.00 mark. That goes for a few others like Officers, Leif, etc

wondercoin · November 23, 2006 6:03AM

For every rule, there is an exception. The Buffalo silvers are an exception - however, they have fallen back in price recently. Then, there are exceptions to the low mintage coins always doing well as well - for example, the First Flight MS Gold coins have floundered over the past couple years at roughly $400- $450/coin with a mintage very close to the low 10,000 mintage of the latest 2006 Rev Proof Gold Eagle that sells for nearly $3,000 raw. The First Flight $10 Gold Commem is an exception to the low mintage Commem rule (but check with me a year from now to see if that has changed)

Wondercoin

jetpro · November 23, 2006 6:12AM

How come the coin magazines don't list mintages for the modern commemoratives singles or sets? They seem to list it for everytrhing else?

OneCent · November 23, 2006 6:16AM

<< <i>How come the coin magazines don't list mintages for the modern commemoratives singles or sets? They seem to list it for everytrhing else? >>

Yes, that is a great question. Is there a publically available resource that lists mintages of these commems?

bigbadchad777 · November 23, 2006 8:38AM

<< <i>I have noticed over the last year that all the PR and MS comms have been taking a loss of approx 20%. Do you think this is the trend and they will continue to go lower or over time they wil rebound. What is your thought? >>

Only a temporary drop. Soon to rebound.

Xokie · November 23, 2006 9:39AM

Is there a publically available resource that lists mintages of these commems? Text

The Coin World web site has mintages for all of the modern commem singles, as well as their original issue price, which is occasionally useful. As for the sets, there does not seem to be a source. I had a request for the total mintage of the Smithsonian 4 piece, looked everywhere, read all of the old Mint press releases, pretty much gave up. A friend of mine called the mint, and they told him the exact figure, which I did not expect they would do. This may be the only source.

jdimmick · November 23, 2006 10:30AM

It wont rebound till the next market cycle!

Modern Comms. Think they will make a turnaround?

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