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<p>[QUOTE="illini420, post: 799689, member: 19423"]I abandoned the series this year. I was a big fan of the series at the start as it seemed like a great way to accumulate some low mintage gold and thought there would be some great designs along the way.</p><p> </p><p>I started to get turned off to the series with the Mint's new pricing structure that floats with spot prices as it seems to have locked in a healthy premium for the Mint where before under the old policy I was able to buy much closer to melt value at times. I also became disinterested in the series with the relatively boring designs. I mean how many coins of people sitting at desks reading or writing do we need??? And finally, when gold got to be around $1200/oz and the Mint prices well above that, I just really quit having fun putting a good portion of my coin budget into this series (uncs and proofs) when there were so many classic coins that I wanted to buy.</p><p> </p><p>Accordingly, I kept my proof and unc Jefferson, Jackson and Van Buren Liberty designs and I sold off all of the rest of them. Fortunately I sold when gold was just over $1200/oz so I felt pretty good about it, especially when I used a good portion of the proceeds to buy my 1909-S Indian Head Cent graded PCGS MS65RD!! So basically I traded 5+ ounces of gold for a penny <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /></p><p> </p><p>I'll still buy the Buchanan Liberty design, but other than that I'm out on this series. I think some of the more modern spouses will be a little more popular than the current offerings, but I still don't think any will come close to selling out as long as the Mint premiums remain at the levels they are. And although the current coins have relatively low mintages, there just isn't the demand for these at prices too far above melt and I'm not sure there ever will be. Just too expensive of a series for 95% of all collectors to get into and I think that severely limits the potential of the series.[/QUOTE]</p><p><br /></p>
[QUOTE="illini420, post: 799689, member: 19423"]I abandoned the series this year. I was a big fan of the series at the start as it seemed like a great way to accumulate some low mintage gold and thought there would be some great designs along the way. I started to get turned off to the series with the Mint's new pricing structure that floats with spot prices as it seems to have locked in a healthy premium for the Mint where before under the old policy I was able to buy much closer to melt value at times. I also became disinterested in the series with the relatively boring designs. I mean how many coins of people sitting at desks reading or writing do we need??? And finally, when gold got to be around $1200/oz and the Mint prices well above that, I just really quit having fun putting a good portion of my coin budget into this series (uncs and proofs) when there were so many classic coins that I wanted to buy. Accordingly, I kept my proof and unc Jefferson, Jackson and Van Buren Liberty designs and I sold off all of the rest of them. Fortunately I sold when gold was just over $1200/oz so I felt pretty good about it, especially when I used a good portion of the proceeds to buy my 1909-S Indian Head Cent graded PCGS MS65RD!! So basically I traded 5+ ounces of gold for a penny ;) I'll still buy the Buchanan Liberty design, but other than that I'm out on this series. I think some of the more modern spouses will be a little more popular than the current offerings, but I still don't think any will come close to selling out as long as the Mint premiums remain at the levels they are. And although the current coins have relatively low mintages, there just isn't the demand for these at prices too far above melt and I'm not sure there ever will be. Just too expensive of a series for 95% of all collectors to get into and I think that severely limits the potential of the series.[/QUOTE]
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