https://www.facebook.com/9638301/posts/10108002532033547/ What do y'all think about this? Anyone excited or looking forward to it? What value do you think it'll hold with errors
Are you referring to the proposed Christa McAuliffe commemorative? What makes you think there will be errors? I'm not interested in it myself.
We can't even get to the FB page, so how do we know if it will even hold any value without errors? I try to avoid FB too.
I'm not saying there will be errors I'm simply asking if anyone thinks it's going to hold any value. do you think it would be valuable if it has errors, how valuable do you think it would be if it does not? literally just trying to engage people here
I kind of like the McAuliffe coin. I'll probably buy one for my collection. I tend to stick with graded coins these days, but in this case I'll probably just buy it off the mint.gov site.
@Christian buffington , good question. Sometime it's hard to identify the motives of Congress & the Mint. Well, I think they are pandering to a certain segment of the population. It seems odd to me that if they want to celebrate the "Teacher in Space" moment & the extreme tragedy which occurred 33 yrs ago (1986; & which by the way killed 6 other heroic astronauts), they should have done this years ago. The fact that they will produce "not more than" 350,000 is an attempt to influence the "rarity" aspect & drive sales. And to further the "commercialization" aspect, note that after they determine the cost, there will be a $10 surcharge per coin which will go to the FIRST organization (purportedly for future studies in technology). As for errors, I would discount that, since with such a small production number they are likely to scrutinize most of them, & I just don't think they are going to max out their run, at least not to our (read: coin collecting) community. (I envision a big advertising push to schools, etc. however) I do not believe this coin will produce a value higher than its issue price (& then you would still be out the surcharge). I do collect space related coins, tokens (just last week received a gorgeous Apollo 11 coin/token), etc., and have a history with Grumman & the space program, but I do not consider the "Teacher in Space" coin a target. JMHO
It will be like any mint offered modern commemorative. I grew up during the space race so I purchased multiples of the Apollo commemoratives earlier this year. I am fully aware that if I were to sell them now I wouldn't recoup half my investment. It wasn't an investment purchase for me so that's OK..... The mint does these commemoratives to appeal to certain segments or groups. In the end, they are only worth spot value though.
FIRST question is whether they will sell enough to cover costs and throw $ at the surcharge beneficiary... One of the recent commes didn't (Girl Scouts, total sales across 2 coins, 123.8K) or are questionable (Boy's Town, 1 coin, 93K; Lion's Club, 1 coin, 85.5K; Civil Rights Act, 1 coin, 86.7K) https://www.usmint.gov/about/production-sales-figures/historical-commemorative-coin-sales
Yes they will, at least melt value. It is odd since they had a directive on commemorative programs awhile back that said events commemorated should be at least 50th anniversaries or 25 year multiples after that. Well that is 50,000 lower than the last half dozen or so commemorative dollars, none of which came close to selling out not even the Apollo coin which is around 260,000.