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Is there any point to hoarding Ikes or SBA dollars?
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<p>[QUOTE="johnmilton, post: 3473572, member: 101855"]I think that most people have pretty much tuned the page on these coins. Years ago some promoters tried to get $300+ for high grade certified Ikes, but I have not seen those ads for years.</p><p><br /></p><p>The trouble is the mint is now flooding the market with too many new modern coins. It’s getting to be too much for most collectors to follow. Once you get your mind and pocketbook overloaded with too much stuff, you turn it all off. </p><p><br /></p><p>This week’s front page <i>Coin World </i>story says that the West Point Mint has made 2 million of each of this year’s America the Beautiful coins and will release them at various spots around the country. This roll or pocket search “lottery” is intended to stimulate coin collecting. I can see some of these coins getting into very high grade slabs and being promoted at high prices. Some people will take the bait, “everybody will need to have these coins” (NOT I) Five years from now, they will be in most collectors’ rear view mirrors, and the buyers of these coins will have lost most of their money.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 3473572, member: 101855"]I think that most people have pretty much tuned the page on these coins. Years ago some promoters tried to get $300+ for high grade certified Ikes, but I have not seen those ads for years. The trouble is the mint is now flooding the market with too many new modern coins. It’s getting to be too much for most collectors to follow. Once you get your mind and pocketbook overloaded with too much stuff, you turn it all off. This week’s front page [I]Coin World [/I]story says that the West Point Mint has made 2 million of each of this year’s America the Beautiful coins and will release them at various spots around the country. This roll or pocket search “lottery” is intended to stimulate coin collecting. I can see some of these coins getting into very high grade slabs and being promoted at high prices. Some people will take the bait, “everybody will need to have these coins” (NOT I) Five years from now, they will be in most collectors’ rear view mirrors, and the buyers of these coins will have lost most of their money.[/QUOTE]
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