Modern US silver commemoratives

Hello forum,
I recently bought a bunch of silver coms. with original package and coa. For example RFK, Dolly Madison, Mount Rushmore and so on.
Feel like it's not possible to sell them at a reasonable price at all.
Is there a market for those pieces?
Is this market currently dead?
What's your experience?
Thanks

 

Log in or Sign up to hide this ad.

well... you can always sell for BV...

 

It depends on what you mean by "reasonable price."

 

Actual blue book prices (2017)

 

Everything I read says they are duds. The silver dollars contain the same specs as Morgans or Peace yet a BU commemorative will sell for 20% less than a very fine Morgan. My lcs, who is a very fair guy, considers them junk silver.

The 5 and 10 dollar golds for the most part have the same problem, but I think they are a great way to get constitutional gold at low prices.

Buy very low. Sell low.

 

Commemorative coin be they modern or old have been dead in the water for some time now.
This was a subject matter at last week's show.....where dealer friends of mine whom had inventory were talking saying if they sold 1 of either it was a good show as they just sit in the case and take space!

 

Modern Commemorative coins are not a good investment overall. A couple have done well in the last few years, but overall they are collected because people like commemoratives. I buy coins because I like them, not because they will be worth a lot more money in a few years. If the coins I buy increase monetarily, it is a bonus. I guess I am a collector first, and an investor second.

 

As it should be.....when I hear coins as investments the hair on my neck stands up..... I can tell you one example of a 1939 ddr Jefferson that I sold about 5 years ago now. MS 65 nice coin. Sold it to a doctor in Fla. $1400.00 the same coin same grade today 400.00 less.

 

As a long time collector, values on some coin types have fallen over the years as more coins pop up on the internet. Supply and Demand. However, I am saddened when I see the Made to Sell coins being dumped on the TV marketing shows, because inexperienced collectors are taken in by graded, overpriced, common coins in supposedly rare graded holders. Buy the coin not the Grade!

 

I was just at the Long Beach Expo and almost all the dealers that I saw selling them were asking Gray Sheet asked and more for the modern commemoratives. I see many selling on eBay for that and more. I would not call them 'junk' silver unless they have been marked and handled like old Morgan and Peace dollars. There was one seller at the show who had what looked like a few hundred of them in capsules only but he was still asking Gray Sheet bid.

 

That's why I call them bidiots!

Chris

 

I'm still a little new at this but Is grey sheet comparable to the blue book?

 

HSN was busy for two hours last night doing exactly what you referred to.

 

There are a lot of people who collect modern commeratives, but the production numbers are generally so high very few hold their original premium. Those who wish to obtain one can do so easily and cheaply. There are a few dates that do a little better than others due to low production numbers or popular subject matters, but they are few and far between. Basically, they make good stackers as officially minted products at generic round prices. Maybe if silver price skyrockets there will be another great silver melt reducing population numbers.

 

You mean the Barnum Broadcasting Corporation.

 

I have not purchased a Blue Book for several years. Even then the prices were cheaper than what was shown in the Red Book, but getting a dealer to purchase coins at the prices shown in the Blue Book, you had little chance. It is only published once a year as opposed to the Gray Sheet which dealers can get weekly. Both are just guides so you have to make your own decision about what would be a fair price. BTW, I collect modern commens. None are rare in my opinion, unless you you are talking about MS/PF 70 grade rarities. That being said there are still some raw coins that sell for more than their original purchase price. I think the RFK unc. is one.

 

Red book or Blue book prices are a year old when published each year. Gray sheets are used by a lot of collectors and dealers. There are other coin price guides and magazines used as well updated at least monthly.

 

I do know that Blue book prices are supposed to be "wholesale....what a dealer would pay you for a coin..." That's why I ask if it compares to Grey Sheets. RedBook is supposed to be retail prices.

 

You are correct in your thinking, but I have never received Blue Book pricing from a dealer, rarely to the end user when I sold a coin. Price is what you can get. The sheets are reference, and some dealers do not deviate from gray sheets.

 

Collect comemms (modern and classic) because you like 'em, not 'cause you're gonna make money. You won't.........