News on the Boy Scout commem

we are very close sell out

http://mintnewsblog.blogspot.com/2010/04/2010-boy-scouts-uncirculated-silver.html
USMint notice
https://catalog.usmint.gov/webapp/w...ctId=14845&langId=-1&parent_category_rn=10141


Pick them up on Ebay cheap here if you want in the action.

http://cgi.ebay.com/2010-Boy-Scout-...em&pt=Coins_US_Individual&hash=item2c542a0d61

 

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A sellout is emminent........

 

I think they will sell out in short time. I am not completely in love with the design, but if I had a son in the scouts, I would definately buy one for him. I am betting that many others are thinking on those lines, helping the sales along.

 

That is one beautiful baby (boy?) in the avatar Quartertapper...

 

Of course the BSA coins will sell out, we all knew that all along. And what's this tone about picking up BSA coins on eBay 'cheap'... are you worried about your oft hyped flip-game not panning out now???



The Boy Scouts organization had a very tough PR week last week. In a court case regarding a terrible case of abuse, a major settlement was awarded in favor of the victim: 'Jury verdict hits Boy Scouts with $18.5 million in punitive damages' [CNN]

 

No, that's my little Julia. It took her 18 months before she had enough hair for pigtails, but we love her dearly.
By the way...I'll pass on the compliment to her!!!

 

A dear and sweet young lady to be sure.......

 

But it hasn't been the real quick sellout everyone was predicting back before they went on sale.

 

Indeed. And I feel the slowness shows the folly of those who hyped this coin in the hopes of easy flips who based success on purported overwhelming statistical odds, thinking number of past, present and future Scouts that will want these, that Scout merit badges in coin collecting would pique collector interest and also that this coin could alone disprove that large mintage modern silver commems typically fail in short order. The other thing the slowness of a sell out with the BSA coins indicates to me is that the number of interested collectors know that they must get their orders in early on, the day of or soon after release, to offset receiving coins that may be returned later for conditional issues rejected by dealers and other collectors. The peak time after which collector interest falls off before sell out occurs generally becomes evident even before the Mint raises pre-announced prices increases.

 

You are right on that. I bought two proofs. I only have one son but there could be more. Wife won't quit.

 

What do you folks think the chance is that these coins stay at about their original sale prices over the long run? I'm putting all of mine in the closet and I'm just going to leave them there. I wonder one, five, ten or more years from now, when I dig them out, how much they will be worth. I hope they don't fall to about $20.00 a piece like some of the unsuccessful earlier commemorative offerings. But from what posters have contributed here, that seems like a real possibility.

 

Takes two to tango old fellow......

My feeling is that these commem's will probably hold their original release value and not appreciate very much in the long run. They may be popular, but not popular enough to sustain a major price increase down the road. I must confess that I was one of those individuals who felt that these issues might have the potential for "taking off". I now have to re access that view and accept the fact that "break even" may be my only alternative.

With a max. mintage of 350,00 across all option lines, these coins just didn't sell out fast enough. Compare that to the 2001 silver buffalo which had a max. offering of 500,000 across all option lines and consider that that coin sold out in under two weeks. The Buffalo still enjoys collector popularity which is reflected in the premium it is still commanding.

 

I think in 'five, ten years' spot metals price will outpace the BSA and other modern silver commems.

 

This might give you a clue. Back in 2005 they made the same predictions for the Marine Corps dollar. It will be a fast sell out, every present and former Marine is going to want one etc etc etc. And they did sell out moderately quickly, faster than the BSA dollars have. Now five years later coins in the original government holders are still selling around issue price.....and silver is nine dollars an oz higher now than it was then.

 

I think in 'five, ten years' spot metals price will outpace the BSA and other modern silver commems.

Read more: http://www.cointalk.com/t104922/#ixzz0mLuY1wxS

Do you mean the silver content of the coins will be worth more than their original price?
​

 

Yes, very well may be.

 

Wow. That means silver will have to about double in spot price. I never dreamed of it appreciating that much. I've accumulated about three hundred ounces of silver when it was at $10.00/oz. or thereabouts (mostly junk silver and some Canadian proof sets). If what you say happens, that will be a nice gain for me and others who are holding on to their silver.

 

PM's are a hedge against inflation. Nothing more......

 

I dunno about that. Inflation is under three percent right now and mentals are doing pretty good. I know my statement is only anecdotal, a snapshot if you will. It would be interesting to see a graph with both prices mapped over the last century. I'm sure economists and such must have that kind of data.

 

Silver is in very high demand again this year compared to gold. This article based on Mint sales seems to support this. There are a lot of folks that feel silver can and will move and gain agressively in the near future years but there's no way of knowing when. I recall buying generic round and bars between $6-$9/oz. in the mid-1980s. Takes a long time to maintain a base at a price double what it may be today, and in between there are a lot of quick and volatile ups and downs. Modern silver commems with such high mintages rarely increase in numismatic value greater than spot price of PMs over the long haul. Many bullion dealers like Provident Metals and Apmex sell older silver commems, usually BU or lesser quality raw, for a very small price over spot.