With no posted mintage, product, or household limit and a $60 price tag, I feel like if you love the design and need to have it, great, but it's a risky buy for stackers/flippers/investors who hope for appreciation and profit. Cool design but a bit rich for my blood for what it is.
I could have lived with the price if it would have been a monetary commemorative coin, but not $60 for a silver medal. Might as well be a bullion piece.
I think a commemorative is worth more that a bullion piece. I remember paying $51.95 for the 2014 Baseball HOF Comm. The Commoratives are always priced higher than the medals.
But each is equally worthless as money. I don't understand why a medal is any better if, at the end of the day, they both are worth the same. But you're saying that the coins are more desirable and therefore will command a better price on the secondary market. Is that what you're saying?
Personally, I think a Commemorative will be worth more than a medal where there is no mintage limit. Usually Commemoratives will have a limited mintage. I think this gives the edge over a Commemorative commanding a better premium than a medal. I also think a monetary value gives premium also.
This is only the 2nd release in the silver Liberty medal series. Last year's medal had a very limited edition.(25000 total) , sold for $35, and had a popular design. It did well in the aftermarket. This year, no limits, $60, and controversy surrounding the design. The mint just doesn't seem to get it. I personally will wait to get one, in hopes that the price will drop.
If all you want is the silver, then why even bother considering coins, medals, or commemoratives. All you should look for are bars, rounds, junk, or plain poured silver chunks. Some folks purchase coins, medals, and commemoratives, because they are appealing to them, therefore they don't mind paying the premiums. I understand and appreciate your opinion about purchasing silver for as close to spot price as possible. Other people that collect silver items though, may not share your belief about how to purchase silver. As long as they have the funds available, and they like what their purchasing, then what's the difference how much they pay for the item.
I agree with the sentiments expressed about a medal vs coin. Yes both are worthless in terms of face value, but the modern medal market and kind of the medal market in general is soft at best. It's also true a lot of coins go down in price on the aftermarket, but they at least have a fighting chance. I could see the premium for the medal being justified if it had an extremely detailed intraquit design like some of the world mints offer on some, but i can't for the life of me come up with a justification for a medal to have a higher premium then a proof ASE does. If the justification is the packaging then the medal is coming over dressed and different presentation decisions should have been made.
When I get that platinum version I'm going to hobo nickel the design because it will be much better than with what the mint came up with, lmao
Like this? Not a moose, but looks close enough. Thought of you when I first saw this. Can't figure out why. (Actually is a "Roaring" deer) pics courtesy "The Coin Shoppe".
Mine would be more like Marty Moose from National Lampoon. . I don't have the tools to do a buffo nickel.