Nah, I don't put that much into clad. I did try to enter that amout the other day to try to see how many were left and I think the most they would let me put in my basket was 100 rolls (total, not of each).
Nah, the market is much more efficient these days, with the internet and all. The market will react yesterday, if demand increases.
Yep, greedy idiots running the place and that's dangerous. You know what they say, "You get what you pay for".
Actually the mint makes profit every year. The government is a non-profit organization though theoretically. Their problem isn't profit, it's raising enough revenue to pay the bills they acquire and pick up.
I said investment, I didn't say make chump change off of them. Big difference. Buying $18 rolls to turn around and sell for $30 is not investment to me. With that type of return, I can what, go to the movies?
Well yeah, if you're buying 1 roll and/or fail to sell it for $70 on ebay or wait for the $10 each coin price.
Like I said, I don't see these at $10 each for a very very long time. If the demand isn't there now for people to buy them, it's going to take years before they're appreciated with more being displaced, more being stockpiled in private collections and so on. I'll be dead for 60 years before these turn into serious money.
Like I said, no one knows when/if the demand will appear, it could take 60 years or it could appear over night. All there is, are coins that have the potential to appreciate when/if demand appears.
Some day I'll tell you how I lost my ---- on bags of 2002-PD Kennedy halves (direct from the Mint), which also looked foolproof...
I think investing in any modern coin is a mistake (except for a few bullion pieces and top pop coins) because the mint will make as many as they can sell and sometimes they make way more than they can sell. These will always be too common to see any significant premium in your lifetime. If you want to put your money into something just to have a bit of ebay inventory, than maybe you can make a few bucks in the flip. Personally, I will likely wait for the collection to be complete and buy a full set just to keep my collection up to date. I do have to admit, this is by far the nicest series that the mint has done in a very long time.
If it happens overnight, it's people banking on the idea to turn around and make quick profit. Same logic applies to the SF ASE set, people had a month to buy, then when it comes down to crunch time, people rush to buy, those that then missed out pay a premium in hopes it only continues to go up but then it dies off, the novelty wears out, etc. http://www.ebay.com/itm/2012-S-AMER...30852405823?pt=Bullion_US&hash=item4d0857123f <- $174.99 and no bids with 30 minutes left. That's only $25 more than issue price. Weren't these selling for $300 at one point? Just like the stock market, most IPO's rise at opening to crazy prices, then it dies off and days, weeks or perhaps years later you can find the stock that was up to $700 a share at one point is now $2.00 a share. But buy all those rolls you want thinking they will be valuable and stay in demand, I just think you're going to be sadly disappointed in the return investment. If I buy a roll, it's because I collect since I don't sell any coins that enter my collection.
Yep, this series has the POTENTIAL to be very popular - could be a mistake waiting to buy, when current prices are not much more than face and all mintages are historically low.
Don't worry, your great great great great grandkids in the year 2200 will make money from them, I promise!
agree here... I just checked and the 2012 s ATB Hawaii volcano 40-coin rolls have an expected ship date of 1/23/2013... doesn't this mean that they are minting or rolling up more, in other words, meeting whatever demand that still exists??? http://catalog.usmint.gov/webapp/wc...ctId=16754&langId=-1&parent_category_rn=45003
I agree with you here since the Kennedy Half won't sell for $10 a coin. It's mintage was only 1.7 million. Been that way for a couple of years yet prices on 2006's haven't gone up.