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2019 American Legion .999 silver medal - any thoughts?
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<p>[QUOTE="Paul Wagner, post: 3548883, member: 104048"]I agree with you regarding the ridiculously low mintages on gov't produced coins. Currently we can buy almost every commemorative for about 50% of the issue price. The next question would be "How many commems have been scrapped during the 2011 silver runup"? Personally, I conclude that there are a LOT of impaired coins, a bunch of common ones probably got melted and even some decent ones were worth more dead than alive then melted. Impaired coins? Look at the photos in fleaBay and decide for yourself. People are buying holders, not the coins too. When you have pieces of only 58,000 like the 2006 Ben Franklins. How many are now wrecked? How many got slabbed and are out of the market? I bought a grouping of 10 BU coins last month for $18 each. There's several newer ones of lower mintages selling for just over half their issue price with far few produced. This seems like a very ripe market for the picking.[/QUOTE]</p><p><br /></p>
[QUOTE="Paul Wagner, post: 3548883, member: 104048"]I agree with you regarding the ridiculously low mintages on gov't produced coins. Currently we can buy almost every commemorative for about 50% of the issue price. The next question would be "How many commems have been scrapped during the 2011 silver runup"? Personally, I conclude that there are a LOT of impaired coins, a bunch of common ones probably got melted and even some decent ones were worth more dead than alive then melted. Impaired coins? Look at the photos in fleaBay and decide for yourself. People are buying holders, not the coins too. When you have pieces of only 58,000 like the 2006 Ben Franklins. How many are now wrecked? How many got slabbed and are out of the market? I bought a grouping of 10 BU coins last month for $18 each. There's several newer ones of lower mintages selling for just over half their issue price with far few produced. This seems like a very ripe market for the picking.[/QUOTE]
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2019 American Legion .999 silver medal - any thoughts?
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