Star Spangled Banner Proof Coin w/ historical packaging?

Discussion in 'Bullion Investing' started by fretboard, Jun 4, 2012.

  1. fretboard

    fretboard Defender of Old Coinage!

    I know the Star Spangled Banner Coin was originally issued in March of this year with ho hum reviews, but now the US Mint is selling 50,000 in fancy historical packaging for approximately $54 each. Have you bought any? Is it a waste of time because it costs around twice the price of spot or do you think these 50'000 will bump up and add a nice premium in the resale market? Do you think the US Mint added the historical packaging to stir up some excitement because sales were unbelievably slow? I bought a couple but they're not to make any money, I just like the idea of patriotic coins. Anyone else? Any thoughts? Anyone?

    http://www.coinnews.net/2012/06/01/...ennial-silver-dollar-set-released-by-us-mint/



     
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  3. Cazkaboom

    Cazkaboom One for all, all for me.

    The US Mint is becoming more like the New Zeland mint. Seems like they'll do anything to make a quick buck. :rollling:

    Otherwise I like the coin, beautiful design, but I could care less about the packaging.
     
  4. I think you mean the Perth Mint. :smile

    The Mint should have just release this SSB coin either individually or in the special packaging but not both. The same goes for the set with the Infantry coin with the dog tags. One has to ask himself/herself, do you collect coins or packaging? I am not a fan of redundancy and would much rather see them devote less effort on these sets and more effort in a palladium coin, increasing distribution of the ATB quarters, fractional gold/silver, etc. TC
     
  5. treehugger

    treehugger Well-Known Member

    I agree with all that is said here. To Hades with periphery! Give us some substance! What good is pretty wallpaper when the walls underneath are crumbling? Forget the cuteness and produce something truly different and interesting.
     
  6. treehugger

    treehugger Well-Known Member

    Fret, I think the key factor in the price appreciation equation is "demand". Demand means a lot if there is low mintage, but mintage means nothing if there is low demand. A coin can have a mintage of 2, but that means nothing if nobody wants it. There are more and more coins being produced every year with lower mintages. Who is able to purchase them all?

    I would just purchase something if I really like it. Then, you will not be disappointed.
     
  7. green18

    green18 Unknown member Sweet on Commemorative Coins

    I think it all depends on how you want to collect your mint products. The US Mint has been 'fancy packaging' items for ages now and you, the collector (investor?) have to be the one to decide what is best. 'Fancy packaged' items I've picked up have been the Franklin Coin and Chronicles and Lincoln Coin and Chronicles sets, as well as The Formation of the Union set. These seemed (at least to me) to convey something historical. The current offering, though, doesn't move me and thus I'll pass on it.......
     
  8. Cazkaboom

    Cazkaboom One for all, all for me.

    Oh no, I am talking about the NZ Mint alright. Check out what you can buy from them.

    Real Pirates of the Caribbean coin set
    [​IMG]
    Only $295.10 USD.

    And the Star Wars Series, Which I would not mind if the price weren't $255 USD each set.
    [​IMG][​IMG]


    And the best for last! For only $259.00 USD, you can get a Spongebob Squarepants 4 coin set with a display chest!
    [​IMG][​IMG]
     
  9. Yikes! The New Zealand Mint is starting to resemble the Perth Mint. At least they had the comon sense to make the SpongeBob coin shaped like a square. TC
     
  10. Danr

    Danr Numismatist

    I got sucked in on the Ben Franklin commem fancy package- I will not do that again
     
  11. treehugger

    treehugger Well-Known Member

  12. green18

    green18 Unknown member Sweet on Commemorative Coins

    Yeah, but nobody got fooled. I knew exactly what I was getting into.......still feel the same today.
     
  13. fretboard

    fretboard Defender of Old Coinage!

    Oh my, next time I'm feeling patriotic I'll go to a parade. :D
     
  14. DrDarryl

    DrDarryl Well-Known Member

  15. Why cant the mint make real coins that reflect the ASE sets and put them not only in proof sets but make them to be used in our everyday money.I can picture a 2013 peace 10 dollar silver coin that is used for buying as well as have them in proof sets for those that like them.
    To me these would be real coins that will have the old coin look and by haveing them in everyday change everyone could own that set not just those that can shell out 550 dollars for silver rounds that i cannot call coins.
    I like the ASE rounds but cannot see how they are collected as coins as they have no buying power in todays market.
    What i am saying is mint a coin that is just that a coin like the penny not something that looks like an oversized dollar that is out of price for most that collect coins.
     
  16. green18

    green18 Unknown member Sweet on Commemorative Coins

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