Why did the 2021 D shoot up so high in value?

Yup he actually mentioned the pairing thing himself even though it’s pretty dumb.

But I think alot of people would be inspired by these coins to look into the older ones which is overall a good thing.

What does a child collect after they’ve collected the 2021 Morgan & Peace Dollars? Collects the older ones too of course!

Probably a delight to the child who may not have known there were older ones and that their collecting journey had come to its end.

 

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Now, I got the 2019-s ASE and the V75 on the luck of the draw, purely for the thrill of the chase; haven't bothered sending them in for slabbing (no account or experience) and really don't care. The "1st Day" moniker is simply ridiculous for coins that sold out in 15 minutes. I guess the difference that I 'feel' is that the prized coins of yester-year were plentiful and common for the most part at the time of their introduction, and it is their rarity of being found in good condition after a huge period of time that is driving the prices, similar to baseball cards. That market has also gone the way of adding tons of 'artificial' rarity cards to drive the market; foil this, patterned that. Those cards are never handled, played with, etc. And 50 years from now, there will be roughly the same amount, and all in basically BU condition. Their low numbers in general will help hold the price, but those numbers will stay essentially the same forever. To some degree, with these mint releases, I have a hard time even considering them as true coins. Is anyone actually going to use them as face value, legal tender? Of course not. So, are the number and quality of the 'coins' minted going to decrease over time, making the high graded ones rarities? No, they are all in stored collector's collections.

 

I just don't see how anyone fails to get this.

For an example, see the 1950-D nickel. Collectors knew up front that it was a low-mintage issue, and grabbed every example they could find, before they could circulate. As a result, they're easy to find in high grades, and much cheaper in real dollars than they were in the 1950s and 1960s.

 

Very bad comparison as they're paying for the leg room.

That said everyone knows exactly what the first strike, first day etc means and they like it. People arent fools just for liking something someone else doesn't

 

It’s true these coins will not ever see circulation..

But I think a very small minority will be lost/damaged as well. With these coins one big scratch is enough to make it bullion.

These coins will need to maintain their 69/70 grades over time which is surprisingly difficult for ungraded coins.

Example: My grandma bought mint & proof sets from the 1950s to the 1980s and even though she left them in a tub in her closet the coins are not MS69/70 anymore just due to the many years.

Or maybe a huge silver price increase will make people considering melting them far in the future (unlikely but theoretically possible).

All in all I think modern coins will hold value at the 69/70 grade and anything less will be bullion and I think the same will apply in the future.

There are plenty examples of coins not intended for circulation that held value long term.

Take a look at the $50 Panama Pacific Commemorative. It cost $100 to buy one (a lot of money back then!) so it wouldn’t have made sense to circulate it as a $50 coin.

Or the old state commemoratives!



This coin sold for $1 back in 1925 when it was for sale. Even though it’s only worth 50 cents face value.

Yet these coins now sell for hundreds in BU grades or thousands of dollars in the highest GEM BU grades.

 

Yeah but that wasn’t possible with these due to the household limit.

It’s true that many dealers likely had friends & family & employees all buy coins but in general most coins made it out to normal collectors. Keep in mind they still had to compete with tens of thousands of people and get through the Mint’s buggy website and love of crashing.

There was never a chance for someone to just gobble up a majority of them simply due to the unique household limit.

If I had to guess I would say 50% of the coins sold ended up going to individual collectors who plan on keeping them for a very long time.

What I hope happens is that the 2021 stuff encourages young people to desire to learn and collect the older stuff.

If my mom got me a 2021 P Morgan Dollar I would want to collect the rest. Then if I heard there were ALOT of 1878-1921 Morgans I would want to get those too.

In that way coins like that can help collectors as a whole. The more collectors the better right?

 

Stop chewing....and spit duh....

 

I think that's a reasonable and understandable.

I personally don't mind paying a premium, but it's got to be reasonable relative to the original retail price and/or the underlying value of the coin (PM content). As I understand it, these coins are selling for HUGE premiums over the retail price.

Once again, supply was kept too low.

 

I don't think the coins from the 50's to 80's were ever intended to be MS 69/70.

 

But why would proofs from back then be struck any differently than proofs today?

 

Again lets revisit this thread in 365 days....even though I am now retired and board to tears.....if I had the enegery I pull mint products sold over the last 10 years and again numbers dont lie and prove whithout a shadow of a doubt that 99.9% of those products are below par from issue price,not to mention after market price gouging.
you know this thread is a dead horse! .....and lines drawen on topic...again 365 days later lets see who's correct and who is holding a $500 coin now ....or is it below issue price.

 

But with no mintage limit they would never be worth anything more than melt.

Take a look at American Silver Eagles. No mintage limit so they won’t ever be worth much.

I can buy a 1986 raw ASE for less than $50.

 

Seriously ?

 

Lets make it interesting than if you’re getting bored.

We’ll come back to this thread in 1 year…

If you are right I will publicly announce that:

“The US Mint is garbage and everything they make is junk! Anyone who buys from them is a fool.”


BUT if I win you have to say:

“OMG I <3 the US Mint!! They are the best Mint in the whole World and make amazing coins!”

Fair??

 

I would expect the price to be much lower...but not below the OIP.

There was a bubble in the 1995-W but that price proved unsustainable given demand (even with a limited supply) and I believe the market value for PF70 DCAM's is about 20-25% of the highest price ever sold.

 

Yeah seriously. Take a look at a 1988 proof set and a 2021 proof set.

They both look the same regardless of changes in the minting process.

The Lincoln cent in the 2021 proof set is no superior to the Lincoln cent in the 1988 proof set.

 

No this isn't about public humiliation or praise....its about whos correct and who isn't. Besides I never ever make a statement as such for any reason, because first of all I would be lying ....and in all the years Ive done business in food or coins my name is good on the street. ...and well trusted in both.

 

How many years you been collecting? You need to do some research seriously.

 

A true collector don't give a 'hang' about value down the road. I sleep like a baby.....

 

We are talking about MS but it doesn't matter. The use of these designations didn't become popular until the mid to late 80's. And there was very little reference to MS 60 - 65 back then. I just don't recall any emphasis on fine tooth grading. Typically, it went to BU and stopped.