Marine coin and stamp set

No disrespect to the Corps or anybody. I think that all forms of "instant collectibles," like this stamp and coin set, should be avoided like the plague for anybody with an eye for investment potential. Great as a memento, etc. but a collector can not win the game in a market manipulated by the the major brokers in that kind of stuff.

When the brokers have cleared out the suckers in a few years and abandoned the artificial support, the balloon will burst and a normalized market based on collector supply and demand will determine fair market value. Maybe higher, maybe lower.

 

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PS - I found that have 8 mint copies of the stamp in my "use for postage" drawer. If anybody here wants a free copy of just the stamp, email me and I will send one along (first 8 people) if you send me a self addressed, stamped envelope.

covers@rfrajola.com

 

Covers...keep your stamps...it is the coin that makes the set. The stamp is merely a memento to the set and happens to be a very revered photograph of Military History. By the way, take a trip down to your local recruiting station and tell that Marine what you think...hope you have a good medical policy!

RickieB

 

I see covers point, people get all worked up when they see that the set/coin/etc is sold out, and create a feeding frenzy for the item. Usually the market runs a little cold after a while and the price drops.

It's important to note that its not the coins vlaue or the stamps value that will make this set worht money, its the "whole package"

I am not banking on this set being worth a bunch of money some day, I purchased one for me personally and one for my brother ( a marine ) for christmas.

also, I don;t think that the marine coin itself will be worth a ton of cash, mostly because of the high mintage ( i would take bets that they sell at leas 500k )
Its usually the coins that every one ignores ( the paralympics coins for example ) that have very low mintages, eventually people come around and want to complete a set, only to find that the supply is not there...

for the programmer types out there:
if (supply == low) and (demand == high) then price = $$$$$$$

 

Ranchhand..You are entitled to your own point of view and that is
Its not the coin or the stamp..for me it is the association. I thought Covers remarks were not cool in regard to what the USMC stands for. I could give 3 hoots if the set does anything or not..it was 40.00 bucks. I am into much more significant things than silver. Ask your brother about "PRIDE" and Spirit de Corps"... ask him what the Red Stripe on his Dress Blues stands for...
Ask him who Chesty Puller is...Ask yourself if he is respectful, reliable, honest,a robust sense of dignity..this is a Marine..no others!

Semper Fidelis to your brother, for he is my brother as well!

RickieB

 

To each their own. Personally I have to disagree. I grew up a military brat and have never EVER met a Marine that did not have a furver that matched or exceeded RickieB's. Its a deserved pride that comes from being first in and last out in defending our nation.

Normally, I'd be right there with you.....avoid the hype and clean up when the bubble bursts. But to me, you are woefully underestimating the signifigance this commem has to a very very large population. The mint made the same mistake as witnessed by their horrific handling of the release day.

First rule in sales: KNOW YOUR PRODUCT!!!
Second rule in sales: KNOW YOUR COSTOMER!!!

The Mint missed the mark twice....your choice to follow suit.

 

wait.. am i missing something?
Reading the posts by covers i did not see anything about disrespecting the marines at all, he could say the same thing about the buffalo nickels and make the same point ( for the most part )

from what i am reading he is talking about the set itself, not what it symbolizes...

 

Hey Ranchhand...
Good Evening to you...the post by Covers was in comment to my post saying that it is sold out, good luck getting one! The underlying implication in his remark was that (as stated above) only missing the word "S_ _t" where the dotted line lives, this is what angered me. Call it reading between the lines, that is exactly what is...it was implied! To me that is an insult directed toward the significance of this issue and for the tens of thousands of Marines who have given life, limb, and blood to protect our Country along with all other Military Branches. I think that this and any other future Military Commem deserves a little better than that...even if it does not hold value on the monetary side. I support the surcharge for this coin out of Pride and Honor for my fellow Marines!
With that said, it is now in the past and I for one look forward to the continued diligence of most folks on this fourm to provide information, discussion, and facts on the sole reason that any of us are here. We enjoy Nusmismatics....Forward, March, left, right, left, right, left ,right...left!

RickieB

 

I guess i did not read that much into it, I took his saying as a point that is most often true.

take beanie babys for example, it was an "instant" collectable. Some of them where worth hundreds ( thousands? ) of dollars when they where first issued, then the market collapsed.

I know coins are a very stable collectable, and the beanie babys are a bad example...

Maybe a better one would be the people that purchased dozens of proof sets on speculation, and maybe right at the begining they where worth over purchase price... but now are worth half of what waspaid for them. It happens.

His point seemed to point to "don't buy for JUST investment reasons" and i agree with him on that point, I could care less if the marine coin/stamp set was worth $1.03 in five years, or tomarrow for that matter. I purchased it because I wanted to support the cause and I think it would make a good gift to my brother and his wife ( both marines )

it seems to be a problem on-line where people "read between the lines" when their is really nothing between the lines to begin with

and PLEASE do not take this discussion personal, I know you have an emotional attachment to the marine coin, but try to take a step back and look at what Covers is saying as some0one who may/may not be attached to the marines, He is saying to watch out for purchasing hot items to turn a profit. He does have a point in my opinion.

Now to take the other side
Why do i think the marine coin/stamp set will remain above purchase price ( or go higher? )

1. it is an official mint product. ( this is important! )
2. it has a VERY low number of sets ( 50,000 is low for a "company" that produces billions of coins )
3. as we all know, their are a lot of marines/former marines out there who will want this coin.
4. On top of the marines themselves, we also have coin collectors on top of that!

this issue will be very sought after, the mint knows this. It was a smart idea to increase the maximum number of coins produced, this will be a "cross-over" coin that more then just collectors will want.

Now on the DOWN side the same was true of the statue of liberty commems, a ton of "outside" interes from the whole of america, a ton of them where made and sold ( for a good cause )

Right now you can pick them up for 1/3 what they originally cost...

So really, only time and the market will tell what happens with the value of these coins/sets.

thats just my opinion.. take it or leave it

 

1st Let me say Welcome, Covers. Second, $10.00 of every coin or set goes 2 the JarHead Museum, that is a worthy cause.

Third...I am an Ex-Army , Viet vet and I am so excited about this coin too. I bought ALL the combinations..and a few extra's. hehe I agree 100% w/ RickieB

 

"Semper Fidelis" Mr. Lawson....

 

this is one to buy in the after market and save about half of the cost.

 

we shall see Danr...

I wonder if some people said the same thing about the silver 1999 proof set