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<p>[QUOTE="cladking, post: 8644385, member: 68"]Franklin Mint coins can be numbered among the many coins and types to which coin collectors have a knee jerk bad reaction. It was caused largely by the sky high prices that were charged at the time of issuance and that so many coin collectors were priced out by them. I liked them all but never bought any but over the years the coins have actually acquired a discount to spot, face value, and sanity. There was a time that many of the Caribbean gold coins had a face value of $75 a gold value of $35 and could be purchased for $30. You could buy the coins and melt them for a profit or spend them for a much larger profit. Today people assume all these coins with mintages in the 15,000 range are "common junk" but the fact remains they were designed by the best artists, executed by one of the best mints, and no expense spared at any stage of distribution. The coins are what they are whether people like them or not and the attrition on some of them is far higher than most imagine. </p><p><br /></p><p>Historically it is quality that most determines eventual demand but these are treated like red headed step children. It will not continue like this. The same mintages of "15,000" now that seems so sky high will someday seem miniscule even before the attrition is factored in.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 8644385, member: 68"]Franklin Mint coins can be numbered among the many coins and types to which coin collectors have a knee jerk bad reaction. It was caused largely by the sky high prices that were charged at the time of issuance and that so many coin collectors were priced out by them. I liked them all but never bought any but over the years the coins have actually acquired a discount to spot, face value, and sanity. There was a time that many of the Caribbean gold coins had a face value of $75 a gold value of $35 and could be purchased for $30. You could buy the coins and melt them for a profit or spend them for a much larger profit. Today people assume all these coins with mintages in the 15,000 range are "common junk" but the fact remains they were designed by the best artists, executed by one of the best mints, and no expense spared at any stage of distribution. The coins are what they are whether people like them or not and the attrition on some of them is far higher than most imagine. Historically it is quality that most determines eventual demand but these are treated like red headed step children. It will not continue like this. The same mintages of "15,000" now that seems so sky high will someday seem miniscule even before the attrition is factored in.[/QUOTE]
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