Danbury Mint issues first medallic collection in decades !!!

Just posting this because I am an avid collector and fan of exonumia
from the major private mint marketing companies such as Danbury Mint
and Franklin Mint.

This is the first series of pure silver medals issued by Danbury Mint
since the early 80's at the least. They even have the D/M hallmark on
the reverse. Offered in 2 weights...1 OZ and 1/2 OZ.

http://www.danburymint.com/coins/pr...er-Commemoratives---One-Troy-Ounce_12682.aspx

 

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They want $44.95 for a one ounce coin, plus 3.95 shipping. Won't the resale value be around the spot price? Which means silver would have to triple to break even. Am I missing something?

 

Well they can't produce and sell these for the price of silver alone...there are other costs involved. They have to make a profit when selling anywhere from 1000-5000 sets. Even at $44.95 and silver at $14-15 an ounce, the margin is less than your average appliance you buy at Wal-Mart, Apple Laptop, etc.

A complete set of old Danbury Mint or Franklin Mint medals on Ebay, in good shape with papers, always sells for more than spot...often much more. People do collect those sets. Very few were actually issued in many cases.

A proof silver Commem from the US Mint can sell for over $40? And they are non-profit.
I would just buy them for the fun of it. A chance to get a medallic series just like would have been issued in the 1970's. I usually don't buy collectibles to sell.

 

you can also buy roll of 12 George Washington Presidential Dollars in gem-brilliant uncirculated condition, sealed to ensure their protection plus a single encapsulated Washington Dollar in the same condition... for only $34.95

 

Well there is no development behind a product like that...so really not of interest to me. The program seems popular though. The US Mint rolls aren't much cheaper, but they are official.

 

My father worked for the Danbury Mint back in the eighties as director of special projects, meeting with Eric Sloan and Roger Tory Peterson on projects with their art work.

Also known as "MBI"--IBM spelled backwards, located in Norwalk, CT.

 

Eric Sloane you mean?

He was one of my grandfather's best friends and I knew him well when I was younger. I also have a few of his paintings.

 

Eric Sloane

Yes. I met him at his place in Warren once. By the time we met he had achieved great fame. My father helped him with the collector plate series.

 

Very interesting. DM and the others used to make some very fine stuff with good artwork. They still do but more into dogs and all this themed and branded stuff. I guess the consumers tastes are not what they used to be. Everyone is all about throw away technology items now.