What is your purpose in buying? Do you like and wish to own the coins, just looking for a "deal", hoping to somehow profit, or....?
I'm planning on owning them, but if the opportunity arises where i could make a good amount of money on them after years to come, i'll consider selling them, but not for years.
Check this website for Modern Comms http://moderncommemoratives.com/1987-constitution-silver-dollar/ At $20 each that looks like below the original US Mint issue price. Besides you just might enjoy working on a collection of them.
Fair enough, but considering this, you must ask yourself if owning them now is what you will most enjoy at this price of admission and if you're okay with the possibility of not making money down the road (which happens more often than not, and no matter the buy, should always be anticipated). If so, what is $20? The point is that only you, as a collector, can answer these questions since no one is going to look at the coins the same way as you do.
Exactly, if i never sell it, i only paid 20 dollars. if it, in the future, raises in price, i'd be willing to sell it. And why do you think i got it for lower than the original price back in 1990? That doesn't even make sense
Question is, what grade are they? If they're MS70/PR70, they're a deal. If they have problems, they probably won't perform very well.
It makes sense. The US government attaches a surcharge to each commem to support the entity commemorated and this surcharge is essentially a voluntary tax that collectors pay when they buy directly from the US Mint. However, once these commems go into the secondary market their prices are determined like the prices for anything else; supply and demand. Traditionally, the supply of these modern commems is quite high while their demand is rather low, which means that they sell for whatever the market may bear and that level may be below the original issue price.
I see. I thought twenty dollars was a bargain for the coin. i'm not sure about the other two coins tho i don't know much about them.
I decided to pick up an '87 U.S. Constitution Commem yesterday for $20 out the door. It's developing some nice toning on the obverse rim.