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Opinions on long-term resale value of dif't D.C. Morgan overstrikes
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<p>[QUOTE="dcarr, post: 2612089, member: 4781"]Privately-minted items cover a wide range from junk to treasure. Something touted on late-night TV infomercials (such as the gold-plated Buffalo), will have very high mintages, low-quality engraving, and will probably never trade at or above the issue price.</p><p><br /></p><p>But other privately-minted items that have low mintages and high-quality engraving are typically in demand.</p><p><br /></p><p>Back in the mid 1970s at Denver area coin shows, privately-minted Lesher Dollars could be bought for as low as $25. Dealers would scoff at them, saying "you don't want that, that isn't a read US coin !". Idiots. I should not have listened to them. Even the most common variety in junky condition is well over $500 today. Most decent examples are $2,000 and up. Some as high as $50,000.</p><p><br /></p><p>In contrast, a lot of the modern US Mint products (proof sets, state quarters, etc.) have too high a mintage to ever appreciate much, other than the bullion content.[/QUOTE]</p><p><br /></p>
[QUOTE="dcarr, post: 2612089, member: 4781"]Privately-minted items cover a wide range from junk to treasure. Something touted on late-night TV infomercials (such as the gold-plated Buffalo), will have very high mintages, low-quality engraving, and will probably never trade at or above the issue price. But other privately-minted items that have low mintages and high-quality engraving are typically in demand. Back in the mid 1970s at Denver area coin shows, privately-minted Lesher Dollars could be bought for as low as $25. Dealers would scoff at them, saying "you don't want that, that isn't a read US coin !". Idiots. I should not have listened to them. Even the most common variety in junky condition is well over $500 today. Most decent examples are $2,000 and up. Some as high as $50,000. In contrast, a lot of the modern US Mint products (proof sets, state quarters, etc.) have too high a mintage to ever appreciate much, other than the bullion content.[/QUOTE]
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