2019 American Legion .999 silver medal - any thoughts?

I'm sure they do, and probably around a dollar or so apiece.

 

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As coinflation doesn't have the silver value of the 2019 set with 99.9% silver, I calculated the silver intrinsic value as follows:

((2.537*0.999) + (5*6.343*0.999) + (12.685*0.999)) * 0.0321507466 =

Above equation converts the dime, 5 quarters, and half dollar to ounces of silver

1.50755-oz

Multiply by current price of silver

Add $1.07 for the dollar, nickel, and two cents

Based on 17-May-2019 value of silver at $14.39, the 2019 proof set is worth USD$22.7636522.

 

Why?

 

The value of the silver proof set is the value of the silver in the dime, quarters, and half dollar plus the currency value of the two cents, nickel, and SAC dollar. The silver content in the dime, quarters, and half dollar have more value than the currency value. As they only contain 0.1% other metals, it is inconsequential to count those values in the silver coins. The SAC dollar, nickel, and two cents have a value of $1.07 but only about $0.09 intrinsic value.

 

Everyone get the 2 piece set the first coin one dollar has a total mintage of less than half a million in all forms that’s low but what makes this set stand out to me is the extremely low mintage of the second coin or maybe better stated medal.
They are only making ten thousand total pieces that’s amazing and the only way to get this coin is in this two piece set.
This is a no brainer buy it because apex won’t be selling this coin cheap yes the american legion may not be that big of a deal any longer it will be something on collectors list in the future get it while you can!

 

I agree with you regarding the ridiculously low mintages on gov't produced coins. Currently we can buy almost every commemorative for about 50% of the issue price. The next question would be "How many commems have been scrapped during the 2011 silver runup"? Personally, I conclude that there are a LOT of impaired coins, a bunch of common ones probably got melted and even some decent ones were worth more dead than alive then melted. Impaired coins? Look at the photos in fleaBay and decide for yourself. People are buying holders, not the coins too. When you have pieces of only 58,000 like the 2006 Ben Franklins. How many are now wrecked? How many got slabbed and are out of the market? I bought a grouping of 10 BU coins last month for $18 each. There's several newer ones of lower mintages selling for just over half their issue price with far few produced. This seems like a very ripe market for the picking.

 

I was reading the COA of this set and it says "99.9% silver" on both the coin and medal. The mintage of the $1 coin must not be determined yet, but the COA says 10,000 medals as you said. Your example here fits nicely with what appears to be an excellent trend in the making. Modern Commemmorative silver dollars appear to be washed out in price today. A low mintage BU coin with zero wear sells for as much as a ho-hum Morgan or Peace dollar of the same content. Great idea with a concept here. Plus the American Legion might cease to exist at some point. I personally don't know anyone who is a member and not 65 yrs old.

 

A firm strike with a hammer against a hard object cracks many of these slabs. Of course a careful trace around the perimeter with a bandsaw works great too!

 

OK, Meow broke down and bought one...…………..Now must ration the Meow Mix.
At least its a pair of nice shiny things to add to the Cat hoard.

 

Plus the American Legion might cease to exist at some point. I personally don't know anyone who is a member and not 65 yrs old.

I have over a dozen tokens and "Masonic pennies" from California Masonic lodges which have closed.

 

I've tinkered, toyed, toddled, and too-da-loo'd this offering. I'm considering adding it to my fold. I like silver mint medals........ain't many of them.

 

They're still available, so that says something. Exactly what, I don't know, but something...

 

Still tinkering, but it's such a bloody expense offering. One must weigh the 'do I like it that much'(?) with the 'it's too expensive and I'll never recoup my expenses'......

 

I received mine last week. Truly a beautiful medal.

Since my kids are going to be the ones to cash out my collection I guess they won't care what the cost basis was. With this mindset I can buy and enjoy the collecting process without worrying about future value.

 

10:30 at nite and I bought one. Must be the scotch.........

 

Meow thinks maybe a pair of end-cutting pliers might do the trick.

 

Meow thinks correctly........