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Thread: will this one be a winner

  1. #31

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    Quote Originally Posted by digbird View Post
    Max, it is really hard to predict what will be a homerun these days. Usually one-offs and 1st. issues succeed, the rest is break even at best. In a series, then when for some reason the mintage numbers drop dramatically like the 1/2 oz. gold eagles which become key dates and it reflects in super high prices.

    In my past practices, if I wasn't sure, I'd order 3 pieces and try and sell 2 to lower the cost of the one I wanted to keep. Even that can be tricky. Like placing a bet on the roulette wheel for red 7's to come up. Yup, a gamble.
    Dig, you really are spot on with your assessment of the current state of mintage numbers and popularity of "certain" coins from the US Mint. It's as you say- some of their releases will do well- especially 1st issue "restrikes" of already popular coins from decades ago (aka Morgans and Peace dollars). Those 2021 issues had a built-in desirability to them and seem to be holding their "values". Most modern commemorative coins apparently do not do the same. As always, the bottom line is that if you like the coin, then consider buying it, but oftentimes it's worth it to just wait, let the initial excitement die down a little, and then scoop things up if you really want to. It takes something really special to get that initial bump in price and maintain it for good.

    So, after much of the hoopla has died down and the Mint continues to issue follow-up coins, things have a strong tendency to wane in popularity. I haven't been to a coin show in a couple of months now (waiting for the local September show with Don and AGguy), but I have heard that even the latest 2023 Morgan and Peace dollar issues, which were supposedly offered for $76 directly from the Mint, are actually selling for $80 at some shows- a small $4 bump from original issue price. Definitely worth paying if 1) you're after such a coin and 2) you missed out on it originally. I myself avoided them because I continue to be PO'ed at the Mint for its continuous issuance of what seems to be sometimes ridiculous offerings at ridiculous prices.

    And to add to that, the many horror stories that occur on their website when one is trying to order from them. You have some collectors who really just want 1 or 2 for their collection, you have some enterprising individuals who would like a chance to buy a bunch, flip them and profit a little, and on top of that you have some coin dealers who will even pay their customers to buy as many multiples of some coins as they can, and resell them to the dealer so they can resell for even more money. They're all competing for the same coins at the same time, and even though we can split atoms and put men on the moon, the US Mint just can't seem to prevent their website from crashing or freezing. Incredible.

    On the other hand, when it comes to AGE's, and I'm speaking specifically to the 1/4 oz. and 1/2 oz AGE's and not their 1/10 or full ounce counterparts, those years where there were lower than usual mintages (especially the 1988-1996 years), they have demanded quite high prices over and above their usual markup, and they're getting them! And although I generally find it foolish to get bullion coins slabbed by NGC or PCGS, it has become so commonplace that when I can find those early issues already slabbed, and can check their authenticity via their websites, with the incredibly huge amount of fakes coming out of certain countries, sometimes I think maybe it's not such a bad thing after all.

    I don't know, I'm probably unlike a lot of the forum members here, in that I was a coin collector first, and then also became a stacker. So, I still keep factors such as desirability, eye appeal, and lower mintage numbers rather high in my esteem. I love being able to do both as IMHO, it's the best of both worlds.

    Note: IMO, there are still some "sleeper" AGE's that are currently being overlooked, with no telling when they might rise in premium if at all, but here's a few lower mintage issues that can probably be obtained for around the usual price premiums... the 2006, 2007 and 2008 1/2 oz. and 1/4 oz. Add to that the 2012, 2014, 2017, 2018 and 2019 1/2 oz'ers, and the 2019 1/4 oz. All seem to have lower than usual mintages, and if I had my druthers, I'd rather have tubes of each of those as opposed to the more common ones. Of course, in a perfect world, I'd rather have all pre-33 gold for less than what some people pay for modern bullion issues. Working on a set of pre-33 Indians right now.

  2. #32

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    Quote Originally Posted by maxwellsilverhammer View Post
    thanks, great advice i think about getting 3, selling 2 for a lower keeper price. i may just get one of each though and tuck them away. i wont be getting 10 of each like what i have done in the past with certain coins. just too much hassle to sell and ebay fees are prohibitive.

    thanks again for the reply
    Max, yup that's great advice IMHO. If you're flipping them, then get a few multiples, but if they're just for you, then 1 is probably enough to be able to say you have them for the collection. The whole eBay thing is as you say, with their greedy fees killing sellers with the margins already being tight for coins (usually). If you did/do pick up multiples of certain coins, selling most to defray your costs for owning one makes perfect sense, but selling directly at a flea market or person-to-person, although it has its own set of things to consider will at least save you those 12-15% costs, along with the possibility of someone scamming you. Ahh, but I know I'm preaching to the choir here!

  3. #33

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    thanks to all for the responces.
    well i have 3 kids and 4 grandkids and since this will be the first ever Proof Morgan and Proof Peace dollars i have 7 of each on subscription orders.
    i think they may be special and something for the future - long down the road for keepsakes.

    i have 3 each of the 2 coin reverse proof sets on subscription for the Fall.

  4. #34

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    Quote Originally Posted by maxwellsilverhammer View Post
    thanks to all for the responces.
    well i have 3 kids and 4 grandkids and since this will be the first ever Proof Morgan and Proof Peace dollars i have 7 of each on subscription orders.
    i think they may be special and something for the future - long down the road for keepsakes.

    i have 3 each of the 2 coin reverse proof sets on subscription for the Fall.
    Yes, Sir. I'm not sure how the proof Morgans and Peace dollars will perform in the immediate marketplace and then beyond, but I'd expect that they'd do better than the "regular issue" ones as they're attractive coins. The thing that worries me a bit is that the mintage limits appear to be 400,000 for the proofs, and that sure seems high- even with the (probably) already pent-up demand. Good luck with them, Max!

  5. #35

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    Morgan and Peace Dollar 2023 Two-Coin Reverse Proof Set is getting close to release. Anyone else getting any of these sets?

  6. #36
    Join Date
    Mar 2009
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    Quote Originally Posted by maxwellsilverhammer View Post
    Morgan and Peace Dollar 2023 Two-Coin Reverse Proof Set is getting close to release. Anyone else getting any of these sets?
    I watched an unboxing of these coins on youtube. Wow. ...I was blown away with the Peace dollar. Beautiful. At the issuing of $185.00 per set for 250K mintage, I thought at the time it was a bit high. But it is a nice complimentary set to the 1st. proof set. I have yet to check if there are any graded PF70's available and at what price they are fetching.

    Max, were you impressed?
    ...be your own Health Care System... grow your own and eat well

  7. #37

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    Yes, very impressed. I dilly dallied back and forth from 5 to 1 in my subscription but then pulled trigger on 5 like 1 day before release. I am glad I put 5 back in the subscription and they are really beautiful. I will open the other 4 sets to give a closer inspection this weekend but the first set I opened was amazing.

  8. #38
    Join Date
    Mar 2009
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    Very nice to hear Max. Glad you were as impressed as I was. I hope they do well for you or your kinfolk if they are gifts. Any plans to grade a couple of sets?

    My taste is towards the Peace Dollar design over the Morgan. But that is just my taste, others may well disagree.

    I noticed this forum has gone a bit quiet lately, and feel that people just run out of things to say about bullion. I am a duo collector, some bullion and some numismatic acquisitions to splice things up. Take care down south, we have snow up here right now.
    ...be your own Health Care System... grow your own and eat well

  9. #39

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    Hello and stay warm, Digbird. I will keep an eye on the market to see what the next couple months show regarding pricing of the 70 grades and the 69 grades numbers. I have other bills to pay and property taxes are due so I may need to cool my spending jets on grading costs for now. They are meant to be gifts to the grandkids in my estate.

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