closest thing to a sure thing (in coins) EVER

The boy scout commem is it, buy it while you can, and flip it when they sell out.

https://catalog.usmint.gov/webapp/w...storeId=10001&catalogId=10001&identifier=4000

 

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So you think this will be a good investment?

 

I say $100+ by summer (but i have been wrong before). I am pretty sure that many Boy Scouts and former Boy Scouts will hear about these AFTER they have sold out.

 

I'm not thinking that it will sell out quickly...but time will tell.

 

after 4 days they have sold 200,000 out of 350,000. We may see critical mass this week!
There are just some things that you can feel in your bones, this is one of those.

 

I understand that!!
I have only gotten 2 different modern commems....the Buffalo and the Lincoln Chronicle both winners.

 

are you picking up a few of these BSA's??

 

Nope...I'm not feeling it in my bones like you
Sorry

 

Order a bunch of these in case they sell out before backorder date. If they do not sell out cancel your order. This is the closest possible thing to a sure thing, I am amazed.



http://mintnewsblog.blogspot.com/2010/03/2010-boy-scouts-centennial-silver.html

 

Anyother opinions?

 

These coins will suffer the same fate as other US modern silver commems, esp with 350,000 units out there, that's a huge mintage and most of them will be mishandled by many a young Scout yet unfamiliar with collecting / coin etiquette. They'll be rendered bullion in short order with some graded examples that carry the potential premiums. I don't see the numismatic community jumping up and down over these and frankly they leave a lot to be desired in terms of eye appeal, an important factor for the collector ordinarily.

 

I was talking about flipping them not long term stuff. A quick and dirty turn around.

 

There won't be much of a premium on flipping them either. There's too many. Collectors who wanted them got them. Wait till the holidays to flip maybe a better time then when non-collectors are buying for Scouts in the family as gifts for instance. The quick flip will be a loss of listing fees.

 

I got 1 set

I ordered one set (BU and Proof) but I don't think they are going to do too hot. The scouts are mostly boycotting them due to the adventurer scout on the coin. Some PF70's were selling on Ebay for around 100 bucks. I don't see this coin doing much even in the near future.
I made about $500 dollars flipping the Lincoln chronicles sets though so who knows. Good luck with it!

 

http://mintnewsblog.blogspot.com/2010/03/2010-boy-scouts-centennial-silver.html

"

From last year's programs, the 2009 Abraham Lincoln Silver Dollar had debut sales figures of 177,722. The 450,000 coins allocated for individual sales had sold out after just over one month.

"

I am pretty sure that the Buffalo had 500,000 mintage and lacked the non-numismatic collector base.

 

Wouldn't a 'quick and dirty turnaround' be sooner than summer?

 

Good luck to you Danr. With your track record on predictions here I will stick with my gut feeling as previously expressed and from experience with where modern silver commems go. I think you'll find it harder than you think to flip with this high mintage coin. These aren't like the LN6 with just 50,000 sets and a premium going at twice as much as original Mint retail offer price.

I don't know where you're going with the buffalo comment... but here are the figures if that helps:

One Ounce Proof Gold Buffalo Coin Mintages:

2006 246,267
2007 58,998
2008 18,863
2009 (last reported sales) 49,388

link for above mintage figures.

 

I know have had some bad predictions. Anyway I was referring to the 2001 buffalo silver dollar

 

They talked about the Marine Corps dollar as being a sure thing as well because "all the former marines out there will want one". And they did flip nice at first. Today they are around issue price and silver is higher. From what I've seen in the completed sales on eBay they aren't flipping too well right now unless they are slabbed as 70's. And once you figure in the grading costs they aren't doing all that wonderful either.

 

Current active duty Marines number right around 183,000
Current active BSA 4 million.
Over 100 million former boy scouts

...also numismatics are a part of scouting.

Gosh, if just one in ten Boy Scouts wants one of these coins you have more than a sell out. But on top of that you have tens of millions of (still living) former scouts, scout leaders, and a then you have guys like me who are just snatching them up to flip them. One in ten would be 400,000 the max mintage is 350,000.