225TH ANNIVERSARY ENHANCED UNCIRCULATED COIN SET

Discussion in 'US Coins Forum' started by SchwaVB57, Aug 1, 2017.

  1. mikenoodle

    mikenoodle The Village Idiot Supporter

    well, that's saying a lot given the number of prison inmates subscribed to conworld. :)
     
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  3. GerardV

    GerardV Well-Known Member

    I tried to make light of my Conworld typo and am happy to see people are playing along.
     
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  4. green18

    green18 Unknown member Sweet on Commemorative Coins

    As of this posting (9:17 PM), the set is still available.......
     
  5. Del Mineard

    Del Mineard New Member

    Just finished reading the entire thread. I was at a convention and called in 2 hours late and was told they were gone in 10 minutes. I gave her my email in case any came back in stock. What sitting at the convention at 8:05 am and the notice came that they were back in stock. Got up and walked out of the convention and ordered 3, keep 2 and sell 1. My order shipped last Friday, 8/4 with delivery tomorrow, 8/10. Looking forward to seeing the quality. Also noticed that FDI's are priced at $600.
     
  6. mikenoodle

    mikenoodle The Village Idiot Supporter

    Good luck selling the one. It seems that this may not be a super popular set when the dust settles and I think that the flipping opportunity has already sailed.
     
  7. TheMont

    TheMont Well-Known Member

    Finally got my two sets, ordered 8/1, in today's mail. Both sets are fine, no problems that I can see. I'll send one out for grading to NGC.
     
  8. onecenter

    onecenter Member

    Having now received my one 2017S enhanced uncirculated set, I had compared the pictures to the set of six Australian $10 Olympic silver coins issued in 1994-96. Although the look of these two sets are somewhat similar, the only US coin that has the most similar appearance to the Australian set is the Kennedy half dollar.
     
  9. Clawcoins

    Clawcoins Damaging Coins Daily

    Got my 2 sets today
    IMG_0734.JPG
     
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  10. Burton Strauss III

    Burton Strauss III Brother can you spare a trime? Supporter

    There were 2 sets up for auction at coin club last night. It's disappointing how even in a room of 60 collectors, how little knowledge about set this existed. I don't know what else the mint can do, but clearly their outreach, marketing and education programs are not working.


    One of the sellers was aware they were back for sale at the mint - he wanted $30... figuring if he got 32, he'd cover his costs.

    The other seller was touting the "6 minute sellout" calling it "worth $50".

    Both sold for $42.
     
  11. 51Caveman

    51Caveman Active Member

    Mine came in the mail yesterday. I haven't even had a chance to really look at it. I guess I got lucky I was in time to get a set.
     
  12. Burton Strauss III

    Burton Strauss III Brother can you spare a trime? Supporter

    @51Caveman Not really "in time", they're still for sale. They went back on sale Thursday 8/3.
     
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  13. Harry Brown

    Harry Brown Active Member

    I ordered on the second go-round, and received my singe set today. I've read the posts about quality and spots, etc., but mine were gems, with no issues and lovely strikes. I think many of these would grade out as MS70's. Mine certainly is flawless. I also like the look of the Ozark river, and the $1 and penny. Overall, they are different enough were collectors of the individual coins will probably want them, as will proof set collectors. They may take some time, but I think they will be worth holding on to, especially considering the price. I do think the presentation, with the simple box, could have been a bit more in keeping with the anniversary. Time will tell....
     
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  14. Burton Strauss III

    Burton Strauss III Brother can you spare a trime? Supporter

    I think there will be a secondary market for the broken up set for registry collectors. Sure as shooting, both NGC and PCGS will add these unique coins to each set.

    So there will be a lot of interest in the SP70s. It's just unclear whether it will be more cost effective to buy sets raw and pay to grade or buy graded that other people have broken up, say 6 months from now in the aftermarket...
     
  15. hic

    hic Member

    so now, i count THIRTY (30) different 2017 ATB quarters to "collect" -
    5 - S clad proof
    5 - S silver proof
    5 - S enhanced uncirculated
    5 - S uncirculated
    5 - P uncirculated
    5 - D uncirculated
     
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  16. mikenoodle

    mikenoodle The Village Idiot Supporter

    and 25 of them are clad, so HUGE profit for the Mint
     
    Last edited: Aug 11, 2017
  17. hic

    hic Member

    i'm curious though, as to how the mint (or congress) decides WHICH denomination is worthy to be "singled" out for it's own special release - why the quarters and not the dimes, et al....? why aren't the cents, nickels and dimes available in rolls akin to their larger counterparts? speaking of which - why aren't the S clad uncirculated quarters INCLUDED with the regular mint sets? why ROLLS only? at this juncture, i'd even prefer a bagel!......the "collector" doesn't need 40 of these coins and doesn't want to waste time trying to sell the extra's - adding them to the current mint sets would suffice.....opinions anyone?
     
  18. Burton Strauss III

    Burton Strauss III Brother can you spare a trime? Supporter

    Nothing like the profits for the TPG. The set costs $30, the mint's actual costs for 2016 were (http://www.coinnews.net/2017/02/21/penny-costs-1-5-cents/)

    (these are fully burdened circulating costs -
    • Cost of Goods Sold
    • Sales, General & Administrative
    • Distribution to Reserve Banks

    One-Cent 0.0150
    Five-Cent 0.0632
    Dime 0.0308
    Quarter 0.0763 (five of them)

    Figure the half and dollar are similarly 2x and 4x the quarter (probably high estimate) gives the raw costs of 94.83 cents.

    In this set, the distribution to reserve banks would be zero, but there would be slightly higher costs for special packaging, etc.

    Even if it's triple, $3 each, the mint is making $27/set

    However, it cost about $360 to have the 10 coins certified at the show with the special label.
     
  19. mikenoodle

    mikenoodle The Village Idiot Supporter

    so, you're suggesting that the TPGs are lobbying for more of these types of issues?
     
  20. Conder101

    Conder101 Numismatist

    Lobbying, probably not, but grinning all the way to the bank.
     
  21. Travlntiques

    Travlntiques Well-Known Member

    I was going to kick myself for not getting in on a piece of the pie, but yeah, it looks like these things are pretty well DOA now. There might be an after market down the road, but how many sets do you want to hold on to with your fingers crossed?
     
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