2010 Boy Scouts - did I buy enough?

The value appears to be climbing a little.http://cgi.ebay.com/2010-Boy-Scouts...mQQptZCoins_US_Individual?hash=item1c1174a41f I still don't know if i will get high enough fo me to unload mine.

 

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I am hoping for $60+ once they sell out.

 

Seller says its "FIRST STRIKE" eligible and thats just not true. Can't get FS on Commemoratives.....100% BS !! :kewl:

 

Just due to sheer numbers of boyscouts they will be worth more than issue price.

I think 10 is plenty because its not a sure bet like the buffalo comm was but 10 is a good number to hang on to.

 

By that logic the sheer number of coin collectors should ensure ANY collector version coins issued by the US Mint would make them worth more than the issue price and that's just not so. :goofer: :hammer:

 

Got three more proofs in today and all of them have the milkly look on the obverse edges not sure if it's on the coin or just the airtite was smeared somehow. Not worried about these three, A coworker is buying them and wont be graded. Wondering if these were returns. Still got 3&3 on the way.

 

I am confused by your reasoning on my reasoning-
My original comment was that "Just due to sheer numbers of boyscouts they will be worth more than issue price."
To explain myself in a more clear way- The general coin collectors will be interested by this coin (people such as myself who are not boyscouts etc) in addition to the entire boyscout (past and present) population.

The sheer number of coin collectors would not do this to any collector coin because many collectors are not interested in things like.... say Louis braille.
"As of 2008, there are over 28 million registered Scouts and 10 million registered Guides around the world, from 216 countries and territories."

I dont know how many people collect coins but I would be as bold as to say its not nearly as many as the amount of scouts and people who used to be scouts. Perhaps this is just my skewed view, but I know tons and tons of scouts- the only coin collectors I know are you all on the forum and myself.

 

Yep, skewed view like many here thinking they are going to do well buying up loads of these coins since the mintage is so large and household limit is allowing individuals to scoop up so many of them. In time we will all see the BSA fail/return to bullion or slightly more than spot price (unless TPG graded in 69/70 grades or some specific attractive and attributed error) in about a year's time. Likewise, the number of registered Scouts: past, present and future, doesn't make a darned bit of logic either as you have no idea how many know of the BSA coin, how/where to get one, care for one, collect coins, are able or willing to pay the retail price for one or the proposed premium of $55+ after the US Mint sells out and they are only available on the secondary market, which again reintroduces the problem of those Scouts knowing/caring where and how to obtain one via those channels... The only statistics you should be relying on the the numbers of BSA coins minted compared to the number of modern silver commems that do not over time retain any significant premium. When the mintage is this high and the coin hasn't sold out in a matter of hours or days from the Mint, the demand is not there. The design, as these CT threads attest, is not of the finest, most eye appealing to the discerning and clued-in numismatist / collectors... and if buying to flip in hopes of a profit / recouping your costs for the BSA(s) you intend to keep in your personal collection, the folly of investing in coins as an investment will come back to haunt you. But as I have told Danr and the other optimists of these threads, I hope for your sakes that I am wrong and you all do well with your coins... good or bad, I hope to hear of your successes and failures alike going forward after the coin sells out as it surely will, but there is no guarantee of anything after that.

 

Well- for the record I got one pf and one Ms and don't plan to sell them to make money. Only time will tell though! Good luck to those who have loaded up on them.

 

I can imagine how some scouts may show interest in owning a coin like this commemorative, but I think showing interest is not a guarantee that 1. they will buy the coin or 2. that they will be willing to pay a premium for the coin.

After only a few minutes with my Red Book I can find a bunch of commemoratives that do not carry any siginificant premium despite what should be their perceived non-coin collector appeal.

For instance:
1995 Civil War Battefield should appeal to Civil War buffs
1995 Special Olympics Silver dollar should appeal to anyone who has a special child
2003 First Flight Centennial should appeal to amateur pilots and flight-enthusiasts
2005 Chief Justice John Marshall should appeal to lawyers & constitutional scholars
2005 Marine Corps 230th Anniversary- wouldn't every marine want one?
1993/94 Thomas Jefferson- wouldn't Jefferson collectors (including nickel collectors) want one?
Not to mention the Korea War vets, the USO coin, the WWII coins...

Yet none of the above coins sell for significant premiums in average conditions (at least according to my Red Book).

I don't make money dealing in coins, for me it is a hobby and I could very well be wrong, but I know that *I* can't guess what is popular enough to draw a premium and what isn't based on the evidence above.

edit: I do realize the coins above may have sold at a premium at one time, so part of the game of flipping is timing in addition to figuring out which ones will garner that premium at some point in time...so yeah, good luck with that. Not my cup of tea.

 

There just are not many Marines (the FEW the proud).

 

If you really care about scouts and want to help....

Just had a thought...

Profit is a motive of many. I can't blame anyone for wanting to make a buck, and many people hoarding may or will make prices high enough so that legitimate (past, present or future) scouts or their parents can't buy them in the very near future.

I just had a win-win thought for those who have the money, time and space and want to help themselves (as collectors) as well as those scouts who are not in time or learned about it too late:

Why not buy up the limit of 100 each proof and unc with the intention of
a) as a collector keeping the best few of each for yourself while
b) selling the others to scouts for the price you paid once they are sold out.

Thoughts?

By the way, if anyone is interested, please find the following coin collecting merit badge worksheet:

http://meritbadge.org/wiki/images/0/04/Coin_Collecting.pdf

 

Hey Rocket,

Thanks for the link. But I see absolutely no reference to the Boy Scout Commem. But I'm also stupid - if you ask my wife........

So what is the link for?

 

To prove that scouts collect coins! you wait, this coin will carry a small premium.

 

Yes and that small premium will be less than original US Mint retail and slightly more than bullion spot price! Silver was at $18.42/oz as of market close yesterday... Your coins are currently retailing for: $39.95 / $33.95. Silver will have to double to reach current retail to get a bullion investment out of these. I'd rather two unc bullion ASEs (in place of one each BSA) at today's price then cash those in when silver hits the $34-$40 range you're tossing on the BSA... you wait!

 

Actually, PC and BC - you are both correct. I wouldn't be surprised though if in the future, there is a reference to the current coin.

I think when my son is old enough, if he is a scout and earns a merit badge in coin collecting (which he would obviously be pressured to earn by his dad - aka me)... I would give him one of these to commemorate the earning of the merit badge.

 

rocket:
That's the right and greatest reason to own these coins... not to lust after ill-perceived premiums and gouging a few more dollars over retail from the Scouts as many here are prepared to do by conviction. I've wondered why the Mint hasn't tried more of a marketing campaign directed at selling these through Scout gear networks and through special pre-order forms placed by troops.

 

if you buy 100 pc. it looks like not enough. if you buy 300 pc. it looks like too much. well. 200 pc. i think it is enough. right krispy dear".

 

But elaine, you won't buy any, so it's a moot point. Let us not fool the others into thinking they should too pile so much cash into a loosing commemorative, like so many of the rest have been.

 

Has anyone seen any appearance of these on the coin tv shows?