1982 George Washington proof comm

Just won one last night on ebay, what are everyones opinions about this coin? Should it be sent to a TPG or left in its case, will it gain in value in the future? Give me your thoughts and opinions.

 

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The coin had a large mintage and from red book it hasnt gone up very much so I doubt it will go up much in the future. I have a raw Unc. I paid $10 back in the early 90s. I wouldnt waste my time grading it.

 

I agree I spent $8 a piece for 2 of them..I think they are a great looking coin, just not valuable.

 

I quite like these coins, especially since we don't see many 90% silver half commemoratives anymore. Unfortunately, these are not in much demand and don't command much value wise. They are readily available. I recommend that you leave it in the case. If it hadn't been graded by now probably there is no reason to do it now either. You'd really have to post good pictures of each side of the coin for anyone to suggest a grade or whether it's even grade worthy for the expense of putting it in a TPG slab.

Here's one of mine (pics are somewhat lousy):

 

I agree with everyone else. It's not worth the expense to have it graded. I've got a half dozen of each, proof & uncirculated, and I'm just leaving them in the OGP.

Chris

 

The average price for this commem in my area is $8 whether it's PR or UNC in OGP.

 

The OGP is nice, compact and unlike a lot of other more bulky commems' OGP that followed. These 1982 commems, (and somewhat the 1986 Statue of Liberty coins) still held a rough packaged concept to earlier special issue coins, almost similar to the proof 3-coin 1976 Bi-Centennial set from the Mint. After 1986 it seems commems all came in plush jewelry style boxes and had a uniform style which hasn't changed much until the gold Buffalo coins came around-- after their first year they started in a new direction with ornate boxes, brown wrapped paper board, etc.

The 1982 OGP is simply different amongst the cavalcade of Mint products now.

I concur, going prices seem to be had around the $8 - $11 range for either coin. Shop hard and you might drive that under $8, perhaps to the $6 price point.

 

I bought two sets of the 82 G.W. commems in 2008 for $19 at an auction. I thought it was a good deal until I saw the set selling for $7.50/each on ebay. I'm thinking that they're only worth about $10 if you don't have to add the shipping.

 

I hope you guys don't hate me, but I only paid $2.50 each for 6 proof and 6 uncirculated coins.

Chris

 

How long ago did you pick these up for $2.50?

How much were these coins when they were originally released? Anyone know? I got mine from the Mint when they were released and I don't have records for the price I paid.

 

I think the proof was $12.50 and the UNC was $9.95.

 

2005 - Garage sale.

 

A garage sale! Gotta love that!

Originally $12.50/$9.95??? Wow! Seems so steep in retrospect and it is still today.

I kept just a very few modern silver commems and am glad I got out of this Mint racket (for the most part) some years back.

 

I think that's what the OIP was.

 

At $12.50 a pop, that's over $25 apiece nowadays. I guess they aren't the best hedge against inflation... But still nice coins.

 

Yes but remember that was minted and issued 28 years ago. The 1982 proof set was issued for $11 plus shipping that year.

 

At a 3% rate of inflation it would have to be $28.77 right now just to break even. As a general rule items purchased from the mint are seldom good long term buys. (but they can be often be great short term speculative flips. Buy them flip them for a good profit and sink the suckers money into something better.)

 

I only own 2 commems in my collection and I only added them because they both have special meaning to me.

DAV proof, because my father was killed during the Tet offensive, and the Boy Scouts proof, because I was a member and my uncle is a scoutmaster, and Council Leader.

 

It's all further evidence to the failing idea some folks have to buy modern US Mint silver commems, despite the huge markup, anticipating numismatic premiums. Yes, there are a few instances when one may have scored big on modern silver commems, mainly due to low mintages, but even with the coins with large mintages said to defy these odds, over time they fail miserably to deliver on the promises hyped upon them. The LN6 Lincoln Coin & Chronicles of 2009 was a winner, low mintage, excellent marketing and a big year for Lincoln cents, but prices have leveled off... there is often now just a moment in time left to the flipper to flip that sucker onto a willing buyer. How are those hyped BSA coins doing? The hype has certainly petered out and it's still within the first year of release, in a time when the Mint isn't releasing many special collectible Proof silver dollars! It is pretty overpriced that bullion they be, but an investment they are not. They created a profit for the US Mint and leave the collectors with a notion of value that only exists in illogical reasoning. I just hope people only buy into these coin programs and overpay for modern silver commemorative coins because they buy these coins for themselves, that they personally like the designs and do not play these silly flipping games that undermines collecting and the reason for these coins to begin with.

 

That is great! That is exactly the way it should be. I too have just a few, less than three modern silver commem designs, but in duplicate for some of them. Mine are the early modern commems because that's when I started buying direct from the Mint and got involved in silver/gold coins. I acquired these early silver commems myself and always enjoyed picking them out.