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Recent US Mint product flipping help...
thatboyaintright
Posts: 408
I am preparing an educational presentation for my coin club meeting in a couple of weeks and my topic will be my experiences with the 25th Anniversary ASE release. I would like to compare the data I've already gleaned from these boards with some historical perspective.
So can anyone enlighten me on other recent US Mint products that have been "flip worthy". I recall the Bald Eagle 3 peice set was one that many people flipped once they sold out at the mint. Can you give me examples of others ?
I realize there were a lot of flipping that were due to "after the fact" discoveries, like the 2008 w ASE with the 2007 reverse. But I am looking for info on coins that people recognized would be big hits and high demand.
Any ideas ??
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Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 700
Lance.
The first two Lincoln cent rolls - again HH limit
If you want to mention a dog so folks don't get thinking it is some kind of sure thing, the 2005 Legacy proof sets very briefly went for a 50% premium above issue price, now trade for about a 50% discount ($135 issue, peak about $200, now about $65). More recently, you could mention how some bought up 5 ounce silver pucks this past year, and many of those speculators got burned. It will take a silver price of $80 or $100 for some of the speculators to get out even.
I hadn't realized that there were so many examples.
Naturally, lower the mintage, higher the profit. The 25th ASE were a bit abnormal in that the hype drove up demand and once the hype cooled, prices dropped rapidly. Once key to maximizing profit on most mint products is getting them graded and to the market early. 25th ASEs were a prime example of this.
2008 W fractional gold eagles and buffalos were about the best flip investment in recent years. Their mintage kept them from dropping back in prices on the secondary market even after the initial hype.
"Unique" adds to flippability as demonstrated by the UHR.
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
The Jefferson Coin and Currency set issue price was $34. This set saw the first release of a matte-finish Jefferson nickel. Although initial Mint press releases hinted at the possibility of a limited issuance, some 164,000 sets were issued. Nevertheless, purchasers who bought directly from the Mint were able to realize a nice profit quickly.
I bought 5, flipped 4 and kept 1.
The next instance of a matte finish nickel occured in 1997 with the issuance of the Botanic Garden Coin and Currency set. The mint limited production of the set at 25,000 at $44 per set.
US Mint Botanic Garden Press Release
I got 5 sets, flipped 4 and kept 1.
<< <i>It was pretty easy to flip the 2010 bullion 5oz. ATB quarters for a profit if you were willing to jump through the hoops of the authorized purchasers who were the only ones who could acquire them from the Mint. >>
The 2010 ATBs were pretty good at the beginning if you were willing to jump through the major hoops....folks were netting $2k+ for raw sets at the start in late December when APMEX sold 1000 sets. They were pretty heavily hyped after the announcement that the Mint would be producing less. Amazing actually to think of all of the drama that happened since and the huge drying up of demand.
Funny---kind of makes me wonder if the ATBs would be doing better had the Mint been able to make more at the beginning. I feel like the subsequent games may have made a lot of folks shy away from the series.
Box of 20
Hopefully you also give the audience the pitfalls of flipping as well. The 2nd, 3rd, 4th boxed sets of the same series sucked for flipping. The 2004 mint sets were good, if I recall right, because they went dark a couple of months before EOY and so holiday buyers hadn't bought them for gifts by then and they were going for 4-6x cost quickly. Other mint sets, not so good. The 1999 silver proof set went from issue price to $500 and is not below $150. The 2000 sucked it up big time, due to speculator/flipper purchases based on the 1999 performance. The 2001 silver proof set, due to what happened to the 2000 silver proof set sucking, did well.
I believe the 2003 2 roll set of jefferson nickels (last year of design) did well.
Just do them a favor and don't be one of those that only extolls in the homeruns and not the strike-outs.
It's like when my son's elementary school basketball team plays. There are a couple of kids that everyone "oohs and ahhs" about, but one of them likes to shoot from 3-point range and makes maybe 1 out of 50 shots, and that 1 shot is the only shot some of the folks remember and talk about how good of a shooter he is (not!) and another kid takes about 30-50 shots a game (ball-hog) and makes about 5-8 baskets...yet the same folks talk about how great of a shooter he is.....both are nice kids, both have potential, but coaching, one has to accentuate the position while correcting the non-positive. Same with flipping......take the good with the bad, but understand it is there.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment