Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Moderns v. Classics
>
Reply to Thread
Message:
<p>[QUOTE="CamaroDMD, post: 1906815, member: 5233"]I think this is key...low mintages mean nothing if the coin isn't popular or collected. On top of that, these low mintage commemorative coins are intended for collectors...so there is no loss due to wear or damage. Virtually every coin is preserved in high mint state. These coins aren't rare.</p><p><br /></p><p>IMHO, modern mint products are poor investments long term...and that has been shown to be generally true. Yes, there have been a few products that had great success, the 1995-W ASE, both ASE anniversary sets are prime examples of that. Those still sell for far more than their issue price. But, this is the exception, not the rule. </p><p><br /></p><p>Many commemoratives have a short term jump...similar to the HOF coins only to see decline. I personally believe the HOF coins will remain above their issue price due to their unique design...but I expect prices to come crashing down to earth from their current location in a matter of months. </p><p><br /></p><p>A great example of a short term hype was the 2009 Lincoln commemorative silver dollar. When that coin came out, it was hugely popular...sold for 3-4x the issue price on the secondary market. But, it wasn't long until the prices started to drop. Today, it's not hard to find them for their issue price or even a little less. </p><p><br /></p><p>Personally, I appreciate the modern commemorative coins and if a design comes out that I like I will pick one up. But, I'm not expecting to ever make a profit on them because the majority of the time they do not. So, I buy the coins I like and I enjoy them.[/QUOTE]</p><p><br /></p>
[QUOTE="CamaroDMD, post: 1906815, member: 5233"]I think this is key...low mintages mean nothing if the coin isn't popular or collected. On top of that, these low mintage commemorative coins are intended for collectors...so there is no loss due to wear or damage. Virtually every coin is preserved in high mint state. These coins aren't rare. IMHO, modern mint products are poor investments long term...and that has been shown to be generally true. Yes, there have been a few products that had great success, the 1995-W ASE, both ASE anniversary sets are prime examples of that. Those still sell for far more than their issue price. But, this is the exception, not the rule. Many commemoratives have a short term jump...similar to the HOF coins only to see decline. I personally believe the HOF coins will remain above their issue price due to their unique design...but I expect prices to come crashing down to earth from their current location in a matter of months. A great example of a short term hype was the 2009 Lincoln commemorative silver dollar. When that coin came out, it was hugely popular...sold for 3-4x the issue price on the secondary market. But, it wasn't long until the prices started to drop. Today, it's not hard to find them for their issue price or even a little less. Personally, I appreciate the modern commemorative coins and if a design comes out that I like I will pick one up. But, I'm not expecting to ever make a profit on them because the majority of the time they do not. So, I buy the coins I like and I enjoy them.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Moderns v. Classics
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...