Is 2015 Truman RP the coin of the year

I just say there's a lot of century left to be making that decision.

 

Log in or Sign up to hide this ad.

I believe it asks if its the coin of the Year, not century.

 

Well we don't know what the other Coin & Chronicle sets are going to include. Let's say the next one this year also has a reverse proof dollar coin? So much for Truman being the only one. I'm sure the JFK one is going to be a big seller. Probably a higher mintage. Who knows if they're going to do something special with JFK?

 

All of these sets this year are RP's. The unknowns are what will the mintage and household limits be for the other sets.

 

I'm betting the mint increases the mintage on the rest of the Coin and chronicles. Which would have this Truman the lowest mintage of all the presidential coins. Either way i'm getting the rest of them by hook or by crook. Either way I want a complete set of presidentials, even if I don't get a 70 RP

 

Really now.

In order to be "The Coin of the Century" or even "The Coin of the Year", a lot of folks would want to have one and I just don';t see this happening with a Presidential Dollar.

Reverse Proof or not, it's in a completely DEAD coin series.

 

Ain't dead till we drag out the other three dead cats..........

 

Hmmm. For the life of me, I don't remember anything revolving around the 2012-S SAE proof but I have one in my Dansco so I must have ordered one.....what was the story behind them anyway?

 

PR70 just sold for over $3,600! Think this bumps up the prices on the rest??
http://www.ebay.com/itm/371379849117?_trksid=p2055119.m1438.l2649&ssPageName=STRK:MEBIDX:IT

 

Well, I'd respectfully disagree since the series is dead. It died on a couple of occasions with the first being when PCGS Limited First Day of Issue labels to us small time non-Authorized PCGS Dealers.

The real "death blow" came when the Treasury Department (along with our intrepid Joe Biden) stood on the steps of the White House and announced that the Presidential Dollar would no longer be manufactured for general circulation and only enough coins to supply collector demand would be minted.

After that........................silence.

These are in the same league as the State Quarters Program now which is a smidge above face value.

For a collector to purchase one of these sets "just" for the Reverse Proof to add to his/her collection, ain't gonna happen oin any type of large scale which is what would be required for any price increases. Those few thousand that want them, pretty much have them and once that market is satisfied, it's "Bye Bye-Ville" for these coins.

It happened with the State Quarters, it happened with the Eisenhower Dollars, and for the CnClad versions, it happened with the Kennedy Half Dollar. The market is extremely thin and extremely "thin" markets don't really appreciate that mush.
For appreciation, there has to be an "active" market that spans years and these modern issues just don't seem to cut it!

The exception might be the SAE but then those are generally regarded as bullion and command a bit more than melt because that market has simply been over-saturated.

I'd caution folks into j7umping into the hype surrounding these RP Presidentials since they are literally "blanketed" in Hype. Both by dealers AND collectors.

I've got a 1979 Coinage Magazine that talks about the sure-fire, no loss, investment potential of Eisenhower Dollars. It's from February 1979 and specifically relates to the end of the Series and what a great opportunity is waiting the coin collector for assembling a set of IKE's. The ads in the Mag are offering complete sets for $299! Today, $299 for a generic set would almost be criminal.

We learn from the past. We lose when we speculate on the future since coin collecting (and coin dealers) have not changed over the past 50 years.

 

Originally available only in 2 coin SF mint anniv set with RP proof - it was later issued in another set. Mint releases left it open, even though numismatic news quoted the mint as saying it was exclusive to the anniv set.

 

Lots of holes in that analysis, lots of apples & orange, lots of exception, lots of misstatements. Most notably how well the sets like the Truman have done over the last 20 years. Now we have the Truman, the lowest mintage and fastest to sell out of them all.

Granted, there are no sure things, but the Truman Set is as close as it gets.

 

They're all heading up. At half the mintage of the 1995-w proof ASE, I'm holding mine for the long run.

As for the popularity of the president series, I sell more of them than my favorite, the NA Dollars, although they're not flying out of the case. I expect a bump in popularity due to these RP's and a bump down the road when those that started the set from circulation decide to finish it with the collector only issues.

 

Iduno !

 

As hard as it is, and I may lose out but, I am holding onto my 5 Truman sets until I know what is going to happen with the next set. $850 is very tempting, though. And as much as I value 19Lyds opinions, I think he is wrong on this one and we still haven't hit the ceiling on the Truman sets yet.

 

No. Not really. The price difference between a PR70 and a PR69 has always been significant and if PR69's were selling for hundreds, then these PR70's will certainly change that.

Again, its a very thin market with deep pocketed collectors assuming the risk for paying (and bidding) serious money for these coins.

Back when the Washington Presidential Dollars came out, everybody thought they had an MS67 until their grades came back. One fellow paid $1600+ for a solitary MS67 and took some serious flack for it. Until he sold it for a couple of grand. I can't find the thread but those coins were REALLY expensive. On a high note, a 2007-D Pos B sold for $5,000 Nov 1st, 2007. Today? $2150

On Mar 1st, 2008, an Adams Dollar in MS67 sold for $10,000. Today? $6500

Of course, these are PCGS Price guide numbers and PCGS is notorious for protecting the "pricing" information projected by their Authorized Coin Dealers. So much so, that its possible (at least for me) to pay $12 for a coin listed at $215. ($250 at the time I bought it in an open Auction.)

What I'm saying is that prices paid "today" mean nothing in the long run because once the market is satisfied, the buyers go away and nobody want them any longer.

For that matter, I could sell my Entire FDI Presidential Dollar Set for literally nickels on the dollar regardless of what the Price Guide States.
I had one coin with a Price Guide Value of $700. I listed it for $195 for years on eBay and finally accepted an offer of $150.

The market is extremely thin regardless of what you see today as today's prices are simple fantasy with no lasting, sustained value.

That's the way the Modern Coin Market works. Strike while the iron is hot because eventually, that iron cools off! Then you're stuck........

 

Of course not...That title belongs to the RP dime...

 

Where can I find them SUCKERS?

 

Too soon to tell, depends what the ratio is of the rest to 70's. This dollar should do very well regardless of what the grade.

 

Don't confuse these absolute low mintage rarities, like the Truman PR, with high mintage grade rarities that have a very small market.