Pope coins - sell or hold?

Here is the scenario:

I ordered two of the Vatican commem 2 euro coins months ago. Then this week I got a letter from the Pope (or one of his assistants) saying that my credit card is no longer valid (in fact I did lose it and got it replaced since then), and that I should send new details, which I did. The letter implies that I will be getting two of these coins.

So I was out at lunch one day and passed by a coin store with the new commem 2 euros in the window, and the price was manually marked UP to 175 euros (I guess they can’t keep up to date with the price increases on their printed price list).

Keep in mind that these coins are costing me a whopping 11 euros each, I believe.

I will keep one for sure, but what should I do with the other? Keep it (what if the euro mania bubble bursts)? Sell it (what if the price goes up and up)? Break it out of the package and spend it on beer?

There’s still a chance that the Vatican might not send me these coins, but they seem to be somewhat organized (if slow), in that they sent me a letter telling me my windfall was delayed due to a bad credit card number. Of course, the Pope has a big hospital bill to pay, so maybe he will gather up all this pocket change and ship it off to the hospital billing office.

I am not sure if the Vatican coins have been holding their value, or if they will continue to do so.

 

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I would hold on to it for a little bit longer. If they're at 175 euros, and it falls to 130 euros, you're still ahead 119 (which is a fine profit). However, the Pope's health being what it is, I suspect the price will continue to go up as the vultures circle the Citia Del Vaticano. When Karol Wojtyla's baptism is completed in death, I suspect anything with his visage on it will go up still further in value.

 

sell, they r junk! lol

 

Keep the coins ! I have to 2 first coins . the 1 Euro has a GIGANTIC error : the '1' of denomination is up side down in contrast to the 'EURO'...

 

Not sure of the euro error you mention. I do know that the center and outer ring are struck all at once, so if the center ring is upside down, someone did that after it left the mint. If it was REALLY loose, then maybe it did that by itself, otherwise, it was done intentionally.

Do you have a pic?

 

Please post a scan.

There have been many manipulations of the 1 and 2 € coins.

Take a look at this coin: http://www.euromuenzeninfo.de/euros...ation/Manipulation2Euro2002-Ringumgekehrt.jpg

 

SELL, Take the profits and run! While I have kept a few Vatican coins one would be a huge fool to turn down this kind of free money and it can be put into other coins for your collection. In 2002 my wife and I both turned $2300 profit on $350 worth of Vatican issues. These things don't come along very often and even though prices have dropped since then the opportunity still exsists to earn a little extra coin money! SELL, SELL, SELL!!!

 

Is there a Vatican web site that I can order Vatican coins from?

 

CoinSwede, You may be able to order this circulating commemorative but last I heard was the Vatican froze its customer list in 2002 and hasn't re-opened as of yet, to my knowledge. I will pm you with a web site that still has some of their coins availalbe, at least they did the first of the week.

 

Here's a link that lists details of the circulating commemorative 2 Euro coins,including the one from the Popedom of Rome,which commemorates the 75th Anniversary of the Vatican City's independence from Italy.Here is the link; www.ecb.int .

 

I am not certain if there has been a Sede Vacante coin struck for the recent period after the death of Pope John Paul II of Rome.

Aidan.

 

hold it they will be more valuable !!! since death op pope J. Paul the german prices explodes... the new coins of pope benedict are also very interesting : here picture of new set: edited

 

You can get the 2005 2 euro commem around $40 so the price you mentioned seem high.

 

A letter from the pope saying your credit card is invalid will be far more valuable than the coins.

 

An entire Sede Vacante set was issued (eight coins, 1 cent - 2 euro), plus a €5 collector coin.

(But I don't think that any of those are "US Coins". )

Christian

 

Note that thread is from March 2005 so prices listed may have changed/settled.

 

Right, I had not noticed the start date. Thanks! And the discussion has been moved to the right forum too ...

Here is a "value meter" for Vatican €2 coins http://www.silvas.de/Vatikan2.htm based on eBay auction results. That list should of course be taken with some care, partly since prices in the US may differ from prices here, and also because the number of completed auctions varies. However, there is an obvious trend. The latest price for the 2005 issue, €41.90, is about $53 which is much less than what people were willing to pay even before that coin was available.

Christian