What about '05-'07? You sleepin'? And FWIW, if you want good speculation material, the non-satin stuff in those years in high grade is where it's at! I'm STILL looking for really good 2009 non-satin nickels and dimes for my Danscos.
Yeah, I chose the 3 lowest mintage years and 2008's are the lowest mintage Memorials, 2009's are unique, and 2010's may be the lowest mintage Shields. Yeah, high grade non-satin may do well - I have several $25 boxes of each of the 2009 cents, I plan on going through someday. But, I do like the satins the best, absolute low mintage regardless of grade, lower than the 1931-s (most of which were saved). I'm not so positive long term on high grade, high mintage coins - they may do well, they may not. Yep, the 2009 business strike nickel rolls I have gone thorough have all been garbage so far.
Yep, on the cents you're spot on. All three of '08, '09 (4 varieties), and '10 were saved in rolls in huge quantities. Nothing much there. And the '09 satin cents were even the old alloy, too. I was more speaking of the nickels, dimes, and to a lesser extent, the territorial quarters. The nickel and dime mintages were tiny, and even the quarter mintages fell hugely during '09. They were making cents like madmen.
I have a few rolls of the nickels & dimes, but more rolls of the Territories and the first three years of the Parks Quarters, including the satins when offered. Most of the quarters I got at face value or close, even the satins - hard to lose.
When the final chapter is written, it's always about the mintages. Demand schmemand. There is something irresistible in the collecting mind about assembling a full set. It may not happen today, or next year, or 10 years from now, but eventually, the burning "need" to complete a set will rear its ugly head, and he who held onto the low mintage unpopular coin will prosper. I didn't invent that idea. Dave Harper of Numismatic News has written of it often.
Yep, and I think you can add to that, not always, but often, low mintage creates demand. Look at how many coins were unpopular until the final mintage was announced, the Jackie Robinson $5 comes to mind.
The truest test will be the eventual story of the 2014 Civil Rights Act dollar. If low mintage can boost that one through its initial unpopularity, the case should be considered proven for all time.
LOL. As I was typing, Jackie Robinson, I was thinking the CRA Dollar, as I knew you had mentioned it before.
Yep, it's just a different demographic. I've yet to hear even one guy at a coin club meeting say he needs to get home to watch the NBA finals. Now Monday Night Football? Sure. Christina Aguilera on The Voice? Oh yeah.
Yep, collector demographics certainly cause certain issue to flounder, yet greed inevitably wins out, when there's potential for profit. Several commems have experienced this. WOW! The day is shot here on the west coast - got to get some yard work done. ttyl GO MoD Sets!!!
MoD Set, Ebay completed sales last night 6-16: $90 with free shipping, 14 bids, never thought they would get this low.
I think it's expected the second wave of sets has been shipping and the supply's grown. Until these all get absorbed into collections, etc it's not surprising to see a price drop. It maybe disdainful for flippers whose sole interest is quick profits to see a drop though. Drop in price may also trigger a panic sell off by those flippers still holding lots of sets fearing getting stuck with them and push the price even lower. I think long term at least the dimes will do OK. The dollars though I think will probably end up near melt with little premium like many other silver commemorative dollars do.
DING, DING, DING! We have a winner! The dimes will do fine, as will the non-proof BU MoD dollar that has no connection to the set. The proof dollar will be almost as low as any in the series of modern commems.
My 5 sets arrived today. They are beautiful. I'm guessing that most of the dimes are at least 69's. Mike was selling 70 sets last night on HSN. He was selling quite a few at over $350 each. I see that the regular sets are still selling for $90 to $100 on the bay. I wonder how long that will last. I'm thinking that they'll settle at about $75.
They may get to $75 while so many are on the market, if they do, that's when I put away a roll of each of the dimes and sell off the silver dollars and OGP. At that price they'd cost around $20 each, about the same as the 1996-w, sounds like a steal to me. Heck, I'm thinking about doing this at $100/set, but with so many on the market, I'll watch them for awhile. Edit: Just checked eBay and yeah, a couple auctions ended under a $100, but most are over $100. So, I don't know about waiting to put away rolls, the price is holding pretty well for so many on the market. Looks like the best way to acquire them is sealed boxes of 5, so you have a chance of getting many 70's - I doubt there are any 70's in the raw opened sets on eBay. I'll have to sleep on it.