2010 Boy Scouts - did I buy enough?

I've seen a few BIN listings (MS70) for $99 (free S&H)...I haven't checked to see if they're selling or not. Looks like the raw coins are selling for about half that.

EDIT: Here's an MS70 that just sold for $82.

Prices may go up after they sell out.

 

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I think this coin would have sold out already if the design had been better. A lot of people don't like the PC decision to have put a girl on the coin. If they had instead picked the design with the Scout from 100 years ago with the modern one, I think it would have been a no-brainer. Sell out quickly.

 

I bought 20 of each UNC and Proofs. If they don't rise to a decent steady state price, I can live with that. At worst, I don't think they will depreciate below original purchase price. So the only downside is a little liquidity/resell risk.

 

I'm hoping for a minimum of $60

 

I still think we can get 60, i have 4 proofs, only time will tell if krispy is right about what he say's are not.

 

I am not making a political comment, just an aesthetic one. The obverse is just an inferior design, the reverse is one of the finest designs among modern commems.

 

That's a pretty big gap between spot for bullion and US Mint retail price.
We see current spot silver around $18.11/oz this week, and that's pretty high for the last month... many people are seeing silver raise to $22-$25 this year, but likely end more conservatively. If the BSA fails to flip you all will loose on the investment for several years until you see bullion at the Mint retails price of these coins today. Let this be a lesson for modern silver commems if you can't flip greater than $55-60 between Mint sell out and end of the year. Steer clear of the high mintage coins and the flip, only buy for your personal collection and as gifts or if you aesthetically love the piece.

 

so it seems like you do see a sell out coming. If it sells out that sort of defines the bottom at the mint issue price.

 

I said all along the BSA will sell out. There's not question about that, over 266,517 sold as of 4/5/10 out of 350,000 available. But a flood of flippers from now till end of the year isn't going to be much of a success. I see only those in 69/70 grades making money from collectors and non-collectors will only buy at or near original retail.

 

I got my coin collecting merit badge in about 1964. It wouldn't increase my desire to buy one.

 

Not necessarily. If they have a large portion bought by people that don't want to own them but sell them then it could drop.
Time will tell...

 

I concur about the obverse design. For lack of a better analogy, the kids sorta look a bit like stock images outta Microsoft Office.

 

From my experience if there is a certain coin I like, no number of specimens is high enough. My wife called me an "Ikeaholic" one day All I could say was "wow your right":thumb:

Stewart

 

I have to return two of my proofs for exchange. But, I wonder at this point (about two weeks since sales opened) if I will simply receive problem coins that other folks have returned? Does any one know if the mint has a stated policy on returns and whether they are used to fill outstanding orders? Thanks.

 

I was always told that if comm was under 500k mintage it wasn't a bad buy. Not to try and flip but just to hold.

Yeah, I think the BSA will sell out too. I'm EScout myself and was happy to buy a Proof and an UNC.

That raises another question, why does the mint release both? Wouldn't proofs be worth more down the road over UNCs?

 

generally unc's have lower mintage which often leads to greater value.

 

You'll get mine. A few years ago, I was told by a US Mint CS rep that you should order your new ones first then as soon as you get the new ones, send the old ones back out so that there is no mistake and they don't resend your old ones back out to you. I remember someone on CT mentioning that they received the exact same coins back.

 

So are the proofs looking alot better than the uncirculated?

 

Maybe. I personally think that eagle looks as if it came from some WWII propaganda pamphlet and not deserving of something to be seen on the back of a USA coin. It almost looks as if they drew a cartoon on the back of it. When I first saw it, I thought of an eagle from the 3rd Reich, but the shield at least helps to temper that.

Since we are talking about a coin and not a medallion, I would have rather seen the 100 year old scout and modern scout on the obverse and more of an ornate liberty type eagle on the reverse with no Boy Scout references. It's a matter of personal opinion, and I respect that others will feel differently, but it's the reason that I don't particularly like this coin. I don't think it will be remembered as one of the mint's better attempts.

 

I lean toward uncluttered design. The no stars seated lib dime for example is one of my all time favorites.