2017 Lion's Club commemorative silver dollar

one of the best designed that I love. But no plan to buy it as of now. Are you?. New commemorative silver dollar cost around $50. Older issues dealers buying at around low $10 and selling at around high $10. What a distance gap?.
I suggest the mint should sell the coin without the box. So it will be cheaper. And the authority should lower the contribution from $10 to $5. Furthermore. I suggest that the mint grade the coin and slap them. So we can buy the slapped coins directly from the mint.

 

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The surcharge - to use the correct term - is set in the legislation that authorized the coin. Take it up with Congress.

Although I've seen some that were slapped onto the table before being shipped out, the mint doesn't slab coins, that's done by private 3rd parties (the T in TPG). There is also the G in TPG, that would force the mint to acknowledge that some coins are less than perfect (or the TPGs to acknowledge that the difference between 69 and 70 is at best not repeatable, more likely relative or worst case illusionary).

 

Where are you finding dealers selling past issue commemorative silver dollars at around $10?

 

He means $18-19. About the average for common proof commems.

 

Can you tell me where you can buy the 1 oz. silver commems for $18 to $19? That's 1 to 2% over melt and I'll buy all they have. I can't even find a dealer selling 1 oz. silver rounds for that price.

 

I have suggested to the US Mint that they strike the entire authorized mintage of a given commemorative. What does not sell in the original government packaging should be sold by the roll, just like Kennedy half dollars, ATB quarters and Native American dollars. I think rolls of proof and/or uncirculated clad, silver, even gold commemorative coins would sell very well among our crowd.

 

I agree and I'll even go further. The Mint should give an option of buying a commemorative with all the boxes, outer boxes, etc. or just ship it out in a small simple box. The packaging now just takes up to much room, I had to get another safety deposit box (largest offered) because of the size of the centennial dime, quarter and half and that will probably fill at some point. Even if I get a coin slabbed I'm reluctant to throw away the packaging for fear that if I ever sell the coin, the buyer will want the original boxes. Sellers on eBay are getting into the habit of sending the original Government packaging even if the coin is slabbed.

 

Try APMEX. Today,s price is $16.29 if you buy 30 coins [no credit card]...remember, these are 90% silver commems, not pure silver!

 

If I remember correctly, a no packaging option was offered for a few years (just a coin in capsule), but was discontinued for whatever reason. It may have been around the time of the Atlanta Olympics series of coins or some other time. One of our other highly knowledgeable members may be able to pinpoint the timeframe better than I could.

 

The commem dollars are really only .77oz of silver as they as the same composition as silver dollars not actual troy ounce like ASE's.

Also completely agree with your other post regarding the bulkiness of the mints packaging lately. They've really seem to go overboard with packaging on some issues and it does take up way to much space. Then on other issues like the American Liberty silver medal the packaging was a nice small box, doesn't make any sense to me as I collect coins not fancy boxes.

 

I like the fancy packaging......along with the coin......just saying. To each his own.

 

I believe it started back with the 1984 Olympics. Initially only ogp was offered, then the mint offered bulk purchasers rolls of dollars sans the ogp when they got stuck with some high mintage stuff. I think that's the way it was.

Then ogp became popular and the market was heavily discounted sans the ogp.

I personally mostly collect only with the ogp. Yet, it would be nice if the opg took less room, as it could.

It also would be nice if the mint stopped making a ridiculous profit (or any profit for that matter), maybe then, with lower prices, they'd sell enough for the charity to actually receive something from the program. Somehow the purpose of this program has been lost to greed.

 

Nowhere near approaching what occurred in the thirties......most notably with the Cincinnati and the Husdon commemoratives.

 

Every once in a while the Mint gets the packaging right. The 25th anniversary set is a good example. If you got the coins graded, they fit into the OGP box perfectly, same with the two West Point commems.

 

Those are the sets that are the most over sized for what was needed. I don't get coins graded.

 

I have 5 sets of the 25th anniversary ASE sets still in the mint sealed box and I'm just waiting to see what happens in terms of their value. I normally buy two sets and get one graded and leave one in the OGP..

 

The US Mint is one of the few areas of government that is profitable and returns money to the coffers. It is nice that there is an area of government not draining money from the tax payers.

I would also argue that while the price of these commemorative coins is important to how many are sold, the design is just as vital. The US Mint could have cut the costs by 50% on some coins and still not sold that many. Had they used a popular design, results would be different (think 2016 gold mercury dime...priced higher than a 1/10 gold proof eagle, but sold more units).

 

The U.S. Mint is the only branch of Government that returns money to the Treasury each year. I don't remember the exact amount, but it was 7 figures. That's a good thing and a bad thing. It's good they are returning money to the government, but to do that it indicates they are charging more for their products than they need to make expenses and a modest profit.

The Mercury gold dime was mentioned, they sold it for $200 with less than $120 of gold in it. That extra $80+ dollars more than covered the Mint's expenses, there was no organization to get a cut of the sales, so who benefits? The U.S. Treasury, not the collectors that paid approximately 70% over melt.

 

Coming after lion's club. You have boy's town, World War I, breast cancer, basketball hall of fame, apollo 11, mayflower and possibly Plymouth 400 annivesary. So do not use all your money to buy now. Keep some for future.

 

I would say the design is the most important part. Regardless of price they meet their targets or sell well when they have a fantastic or interesting design. When the design bombs so do the sales, a couple may have had to be sold as bullion to meet the sales targets. About the only thing that can save them when they pick a subpar or mediocre design is a subject matter that everyone loves and will want anyway and they haven't had one of those in a little while