closest thing to a sure thing (in coins) EVER

Okay, I've seen you blab the 4M Boy Scout stat a couple times tonight, pushing this number isn't enough to prove the BSA coin will do better than other modern silver commem dollars from the US Mint. Mintage alone will kill it in the coin community. How many Boy Scout Merit Badges are there? There's but one Coin Collecting Merit Badge to acquire. Many of those 4M will never achieve it and some of those may not even attempt it. Many of your 4M wont last in Scouts long enough for one reason or another to achieve it either. Too many factors will topple your big number theory Danr. The cards are stacked against modern mint silver commems. Sure it will sell out very quickly and there will be some period in which the BSA enjoys the spot light, but the flip wont bring you as much as you think it may and the discerning coin collectors who want this coin will be after the graded ones if they collect moderns.

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I personally thought that the US Marine Corps commemorative would have sold better than any of them, Marines being proud as they are(and rightly so!), but I still have 5 of them that I can't sell.

IMHO the BSA will be a tougher sell.

 

there just are not many marines (about 180,000 as opposed to 4 million active scouts).

I admit that I am pushing this pretty hard, but my intuition is just flipping out on this one.

 

I think the title of this thread to be a bit over the top.

That said, the skill in the flip is knowing the time to get out. I suspect that time will be quick with this one (like the VAST majority of mint products over the past few years)....Mike

 

This is one of the few modern commemorative coins I have been "certain" would be profitable. As a result, I ordered a ******* of them, and I hope I am correct.

BTW, I ordered more uncirculated than proof, as these almost always have lower mintages. Here's to double-crossing my fingers.

 

That is roughly where i am coming from.

 

I wouldn't touch them expecting to flip,, nor to collect (don't really like the design). Good luck,, worst case, I guess they will make excellent stocking stuffers around Christmas.

 

wait a second... there may not be that many active marines, but marines are marines for life and they number over 180,000. They are also one of the most loyal groups of people to walk the planet (semper fidelis). If you can't sell out a marine corps commem, don't look for the gates to start bursting with Boy Scouts.

It is strictly MHO, but the Scouts haven't not heard of this coin, they just aren't that interested. That's why they are not selling very quickly.

Good flip potential generally comes from stuff that sells out almost immediately, but does at times (AGB) lag behind sales when the mintages are very very low. That just happens to be the exception to the rule.

 

the "FEW" and the proud. I'd say that under 2 weeks for a 350,000 commem qualifies as almost immediately.

 

but are they sold out or on back order?
If it sold out in less than 2 weeks I would say that potential is better, but I still wouldn't take the chance on it. Modern commems are a bust more often than not.

 

I still am with my statement and dont think it will be a big easy flip for profit.


And welcome back LeadFoot!!

 

If they had stuck with the original design I'd have purchased 10 of them, but with the PC design, lackluster and stupid I will not ever purchase one. It's that simple and most of the scouts and former scouts I know feel the exact same way, even the ones that aren't collectors.

 

I have a plan.

I am going to order a bunch of them and put them in nice tins and go door to door selling them...


hahah!! kidding!

 

Maybe the Girl Scouts should market the idea that there are hidden Girl Scout silver commem dollars in random boxes of Thin Mint cookies. I bet the popular cookies would sell more units than they could fulfill. Those unopened boxes of rotten cookies would be a collectible. Like the coins in Cheerios, you'd get to pay a premium for a coin in a food container! Some coins in the Thin Mints boxes would also end up with teeth mark dents from unwary cookie monsters amongst us. :rolling:

 

all kidding aside, I don't see people busting down the doors to get this set... or causing the site to crash and the lines to be busy for hours like it was with the Lincoln C&C sets. I also am not seeing any limit to how many pieces can be purchased. This is what really makes that stuff go nuts. I think that while on paper this one might look like a winner I suspect that the flip will be a marginal one at best.

The buffalo dollars do well because they are a very popular design. The buffalo nickel is an iconic design and just about anything with a buffalo nickel design on it (even silver rounds) just seem to sell better.

 

I quit playing the commem game years ago. I usually managed to recoup my money, but it was dang close every time.

I always bought the loser, never the winner. When the 3 coin ASE set with the reverse proof came out, I almost bought a dozen or so but talked myself out of it.

*sigh*

 

I don't think there is a scout "boycott." I'm a scouter. No one's heard of it, that's the problem. The US Mint does a pretty poor job of connecting with potential buyers in my view; I think they entirely botched the Lincoln bicentennial coins, too; issuing them far too late in the year to actually make people cognizant of the bicentennial. Perhaps commemoratives should come out the fall before the year they note.

I think they'll have some premium to them.

The "PC design" is a common gripe here, but in my council people like the venture organization and aren't too startled by girls involved in it. BUT the real "disgruntle" comes from picking a blah design when a very fine one was also available.

 

word of mouth will take off once scouts have these coins in hand. They will be shown around and others will want them but guess what, they will be sold out by that time.

 

and guess what, in this economy, I bet a lot of families say, 'we can do without that boy scout coin' due to any premium sellers are trying to get for them... that mentality will kill enthusiasm on a dime.

 

Krispy, I agree with you 100% and to add to that; I was this (__) close to buying a BSA commemortive but I didnt. I think the obverse side of the coin is very ugly and not worth it (and I am a former scout). I rather by a marine commemorative.