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

I doubt there’s any hype story on buying these anywhere. I’d bet on it, but gave up gambling 7 years ago. Let’s be real, they’re cheap and not bought as investments. Nobody has long term charts for how much better their future will be after buying one of these. The way I see it, people just buy stuff, plain and simple.

 

Log in or Sign up to hide this ad.

That's not relevant, each issue is its own thing.

There's been a number of things especially 70s that are FAR above issue price

If you can't think of 5 things that are above issue price in the last 5 or even 2 years you probably shouldn't be talking about modern coins values.

 

Oh yes for sure ....but the 2009 MMIX UHR is a totally different animal.... your not talking apples and oranges. As was the 4 coin buffalos but that's 2 and gold that went up hundreds due to it being gold.
What do you believe they be now struck in silver? I bet no where near gold prices.

 

Leg room in the back of the plane is $25 a square foot in the front it's $100. You can buy 3 seats and lay down cheaper than setting up in the front.

 

I wasn’t here on the forums at that time.

My first US Mint purchase while a member here was the V75 American Silver Eagle.

I believe about 80% that wanted it and went for it actually got it.

That coin is almost 2 years old and is still selling for over double OIP.

 

I had no issues buying all the Morgan’s and Peace using an old PC running windows 8 with average speed. IIRC there were what 175K of each?

As far as thé 2019 S ASE that one was a mess but it was available the following day and easily obtained within a 10 minute window.

 

Some people were having issues with the website crashing or being “banned” flat out for like 30 mins to an hour. I also heard stories of people being unable to submit their payment info or being told falsely that they already reached the order limit.

It was more on the Mint’s end than the buyers. The website couldn’t handle the traffic it got.

 

Airlines are such a joke....years ago the wife and I were heading to Jamaica...I had won the trip. First I tried to fly out of BWI 4 miles from home....no couldn't change the airport.
So we leave from Dulles. 1-2 hours depending on DC /Va, traffic.
We get to the ticket counter about 20 minutes before take off.
I ask is the flight full ? Oh no its isn't in fact its only a little more than half.
So I ask about 1st class seats...and with 10 minutes before takeoff....and only q seat filled in 1st class...they wouldn't take $200 to up grade us!
So let me see $200 or the two seat fiy down empty. So ridiculous as $200 or nothing.....and they rather the seat be empty than make $200. We had plenty of room and saved the 200.

 

Remember $200 today is like $100 in 1990 dollars so prices look like they’re rising but after inflation they aren’t.

Just something to keep in mind

 

It’s because the majority of the 2021 D Morgans were crappy due to shoddy quality control at the mint (one in OGP was graded cleaned). Thus very few got MS-70

 

Its not as bad as you might think.

1 in 3 D’s submitted comes back 69 or below on average.


That matches my own experience. I submitted 3 and got back 2x 70 and 1x 69.

Whereas for the others it’s 1 in 4 to 1 in 6.

It’s significant but I wouldn’t call them “very rare”.

 

It makes no sense to have 19 seats empty ,and not except $100. Per person over the fair already paid.
American did it fling back from San Deigo ,on many a business flight I have been able to upgrade.
No worries my traveling days are done....retired.

 

You cant buy 3 seats for the price of one economy plus or whatever that airline calls it. You also still dont get the leg room with the 3 seats, the seat in front of you is closer than it is in the premium seats. If you're referring to 3 seats for the price of one first class thats a whole different story as you get much more in first than just leg room

 

175k for the Morgans, 200k for the Peace

 

It actually makes perfect sense, you devalue your product when you let people just pay what they want at the less second. If airlines did that no one would ever buy a first class seat ever again and would just wait for the last second to negotiate at the gate

 

I liken it to Pink Floyd.

it's something you can't really wrap your mind around as a kid, it's strange, it's weird, it's emotional at times, sometime too emotional, it doesn't always follow the formula, "What is this nonsense, put Maiden back on!"

And as people age and experience things, we kind of grow into it, and can relate to it. It settles on us differently.

Some things we just need to be older or more experienced to understand or appreciate, just beyond our ability until we are ready for it.

But I digress. I think it's a negative to the hobby, not necessarily for the long term collectors, but to the new blood just starting up, there's always some person, totally green, wanting to buy coins, but instead of the normal mail order overpricers, they now get hit from all directions.
I knew going in I wasn't going to get rich collecting coins, if anything, I'd be spending money that I may never recover all of it back. I think most "fresh to the hobby" think there's an investment to be had, buy a coin now and in a couple years or when they are 80 it will be their retirement, or a gold rush in their pocket just waiting to be looked at and found.
the ripoffs and scammers were always there, now there's just more of them with bigger speakers and their noise falling on many more ears, but they were always there, Plating coins, or selling common coins for big bucks,
the long term collectors recognize the scams, know the schtick of the scammers, but those new people entering don't know, maybe get burned, and drop out from a hobby they might have enjoyed otherwise.

there will always be a new hustle for them to work, they'll move on to something else, and won't have a care for the hobby. but that's how it goes also. the Hobby will still be here, and the good folks, long term collectors, will inevitably pick up the pieces, and awaken new collectors in the process. it's not the home shopping channels or the mail order catalogs or online that's creating collectors. it's grampa, granma, uncle, aunt, mom or dad that's creating the collectors.
I guess we need to get better at discussing the scam and business side of coin collecting to the new entries to the hobby, not just the coins, if for no other reason, but to prepare them for the wolves that come and go, maybe teach them to haggle and cherrypick out of the discussions as well while we are at it.

 

You can have my share I'll stick to the oldies but goodies, enjoy!

 

But, there’s so many coin dealers with the resources, inclination, and overreaching plans to create the system. How does one distinguish so called rip offs and scammers when all or most except Maybury coins is involved?

 

It wouldn't be bad for the Mint to have a stash of hidden coins that they can "dump" on the market to punish speculators and hoarders. This would mean not giving a hard target for the mintage.

Anybody who buys based on retail driving up the price would then have to worry about thousands or tens of thousands of coins (or more !) going to the TPGs or to the public weeks or months later.

After a period of price stabilization and price discovery, all dies can be destroyed and official mintage released.

 

Boy! Reading this thread has been like watching a ping pong match (or maybe tennis).