Well if you go back a few pages you would see the number of 2009 UHR coins is well over 10x what I said it would be...Availability, how often something comes to market is what makes something rare when we're talking about something with 1000's of perfect examples.....Relitive rareness means nothing if there is no long term demand.
Definitely! They're selling around 4,000,000 business strikes of each president, as well as several hundred thousand other president sets each year. Let's see, will 17k unique president dollars be in demand? DDDDDDUUUUUUUHHHHHHH
No. But then, all it really needs is 5,000 collectors and 6,000 dealers with an inventory of 2 coins. On the other hand, the coin just does not appear to me to be very attractive or have much eye appeal. It's strongest and ONLY suit at this point in time is the mintage number and the fact that its sold out at the Mint. Those two factors are what has contributed to the current prices but those two factors cannot make the coin popular in 1 or even 5 years and the coins which have consistently high prices over the long run are always "very" popular! To me, this coin represents the PERFECT hype coin. Low published mintage - Sold Out at the Mint - Sold out in 15 minutes! All three of those qualifiers are not a reflection of the collecting public but more a reflection of coin dealers smelling "The Perfect Hype Coin". It has been stated more than once how collectors are upset that they could not order one "because the dealers and flippers ordered them all". Again, to me, that's the dealers controlling the market but it has nothing to do with the actual appeal of the coin. It has more to do with the small guy wanting to get in on the profit taking.
Selling 4 million business strikes compared to a mintage of only 17 thousand is kinda meaningless since the "business strikes" are being sold by the 25 coin Roll, 100 Coin Bag, or 250 Coin Box and there is really no way of telling if these are being purchased by collectors or dealers looking for high grade coins to slab and sell. My guess is that the Modern Coin Dealers represent a majority of the buyers. This includes, HSN (i.e. Mike Mezack), Robert Chambers, Coinfame, and all the wannabee dealers.
True, but the sale of several hundred thousand other president sets (proof & unc) each year does mean something. These are the collectors that will demand the RP Presidents. I have to also question your distain for the coin, it sounds like you haven't seen one in hand. Great contrasts between the mirror & matte finishes that create a sparkly little gem, especially the statue side.
Thats a fairly LAME response dude. You know very well I've seen this thing in hand having ordered and received 5 sets.
So I ended up opening 3 boxes. One coin had a shot at 70... sold it... oops. My final 2 boxes are full of bad coins. Dang it.
So like the President coins that come in the U.S. Mint silver proof set? I own a bunch of those and only have them for the 90% silver coins.....The way I look at those coins is its a five dollar discount when I buy the set, if I ever went broke I would spend them at face.
Already sold it. Listed with a price higher than I was expecting it to sell, and someone snatched it up. I was hoping to open 3 boxes, keep the top 5 coins, and sell the others. Since the last 2 boxes had not arrived, I went ahead and shipped that one. I thought surely I will get a few decent coins in the last 2 boxes. Nope.
No, there's hundreds of thousands of separate president proof and unc sets sold on top of the over a million combined in the proof sets that include them. Just because you don't collect them, doesn't mean no one does, many, many do. So, how's 17k looking now?