Reply to Thread

Message:: [QUOTE="GDJMSP, post: 1984183, member: 112"]Valid words. The current trend of buy it/flip it with modern mint products kind of started of started in 2001 with the Buff dollars. That 1 coin really showed the collecting public what could happen when everybody went ga-ga crazy over a coin. Prior to that, the rise or fall in values was mostly based on mintage numbers. I'll never forget the Buff dollar, for the first time in my life I actually had a problem getting an order in. The mint's web site was basically in it's infancy, it pretty much imploded that day ordering opened and stayed that way. The phone lines weren't much better. I lay in bed that night with the phone on my pillow, on hold with the mint, for over 3 hrs before my call was finally picked up. Once it was, got my order in for 5 sets, think they were about $50 per set. The sets topped out around $650 in '07. But 2001 was also the second year that "ugly" won out, the '97 Jackie Robinson $5 was the first. Long prior to release I picked the $5 Capitol Visitor's Center to be a flop with the public. I got my order in for 5 sets of those and yes it was a flop. And it started a steady climb in value from there, topping out at $2500 in 2011 and '12. But eventually the luster and appeal begins to falter in the eyes of the collecting public, and even the stars of the show drop in value once the craze wears off. Sets of the Buff dollars can be picked up for about $250 now, they've held their value better than most. The $5 Capitol Visitor's Center, a recent sale just over a week ago went for $677. Even the king of the $5 gold modern commems, the '97 Jackie Robinson, has dropped from a high of $4300 in 2008 to under $1500 today. So people, when you want to know what is going to happen tomorrow, just remember, "the answers lie waiting in the echoes of time".[/QUOTE]

Create my FREE Account!

Log in or Sign up

Reply to Thread

Useful Searches