20th Anniversary Silver set and Jefferson Spouse prices - Is the market soft now?

Comments

• claychaser Posts: 4,406 ✭✭✭✭

  September 30, 2007 12:29AM

  If the mint does not re-offer the 2007 unc gold, then this stuff could see a big jump in interest - and prices.

  
  
  ==Looking for pre WW2 Commems in PCGS Rattler holders, 1851-O Three Cent Silvers in all grades
  
  
  
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• planetsteve Posts: 1,425 ✭✭✭✭

  September 30, 2007 12:33AM

  Devil's advocate view: the 20th ASE mintage was higher than the number of collectors (recall the 3 months to sellout), and the reasonable outcome of prices declining after the enthusiasm of the first half of the year has dulled interest in speculation in general. The 2006-W Plats present a similar example.
  
  From reading the posts here, the Jeffersons aren't as attractive as hoped.
  
  Furthermore, the disdain for the designs of the Spouses -- and the very idea of the series -- has inspired cynicism in Mint products. Flippers like myself are frustrated by instant sellouts, followed by ephemeral yields no longer available by the time many people even receive their coins.
  
  So, yes, the market is soft all right, and I expect it to get disappointingly limp for some time. I wonder what issue will be like a blue pill.
  
  Counterarguments: it's summer; people have spent all their money on other issues; there's always a period of valleys after initial speculative highs; the collector base will increase (I see the Mint runs some nice TV ads); etc.

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• RedTiger Posts: 5,608 ✭

  September 30, 2007 1:14AM

  The Jeffs are doing fine, considering the train wreck that the first two spouse coins were for secondary market buyers. When a person has been burned badly, they are going to be careful the next time. Early buyers of Abigails and Marthas paid $700 to $800, and now see prices of between $400 and $500 for a 30%+ loss in a month's time. Some of them have been sold for a loss from issue price after factoring in all fees. After being burned so badly, who can blame buyers for being cautious or sellers for wanting to lock in a profit? Do folks think there is unlimited money to waste, unlimited fools willing to take 30% losses time after time?
  
  The overall coin market is a bit soft now, but only down 5% for the year. The ASE sets ran up too far, too fast. It will be interesting to see where they settle. Some oldtimers have written about the Statue of Liberty and Olympic sets and how they ran up in price 3x to 5x issue price, and now trade for melt. Only time will tell if the spouse coins will meet a similar fate or keep a numismatic premium. In a wide swinging market, careful shoppers can look for their shot and get a good price.
  
  

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• Coinsponge Posts: 3,927 ✭✭✭

  September 30, 2007 2:17AM

  The good thing about the Spouse program is that even if it falls off in popularity it still has four times a year for the next 10 years to fire up again in the market which will continually cast interest in the older issues for those who want a complete set. The problem with the typical commemorative coins is that they pretty much stand alone and once the interest dies it is gone for good.

  Gold and silver are valuable but wisdom is priceless.

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