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Presidential Cover Series (Market Value vs Mintage)
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<p>[QUOTE="19Lyds, post: 2310989, member: 15929"]Actually, the First Day of Issue coins do quite well in the after market as come collectors were paying nice premiums for them. I myself was able to pay for my bulk submissions by selling the extras in the after market. BUT, since the US Mint decided to team up with the Treasury Department and the Federal Reserve Bank by NOT insisting that the paper buck get eliminated and instead put the squash on producing Presidential Dollars for circulation, the First Day of Issue Registry sets just DIED.</p><p><br /></p><p>These Coin Covers were a great source for some of these First Day of Issue slabs since you didn't have to rush out to the bank on release day and pick out 100 or so coins to submit.</p><p><br /></p><p>It would have been nice if the Treasury Department had told the Federal Reserve to go pound sand but alas, that never happened since "ignorance" appears to be a contagious disease in Washington anymore.</p><p><br /></p><p>I'm not saying that it would be profitable today but what I am saying if that those folks that wanted to extend their First Day of Issue Registry Sets "beyond" that 2011 year could do it using these covers.</p><p><br /></p><p>And to echo your "why would anyone want to pay to grade one of these guys?", why do people pay to have coins graded in the first place?</p><p><br /></p><p>MONEY my friend. Money. Either to bag about the value of a certain coin in a certain grade or to sell the coins that were graded. That is, after all, the ONLY reason the TPG's exist anyway.[/QUOTE]</p><p><br /></p>
[QUOTE="19Lyds, post: 2310989, member: 15929"]Actually, the First Day of Issue coins do quite well in the after market as come collectors were paying nice premiums for them. I myself was able to pay for my bulk submissions by selling the extras in the after market. BUT, since the US Mint decided to team up with the Treasury Department and the Federal Reserve Bank by NOT insisting that the paper buck get eliminated and instead put the squash on producing Presidential Dollars for circulation, the First Day of Issue Registry sets just DIED. These Coin Covers were a great source for some of these First Day of Issue slabs since you didn't have to rush out to the bank on release day and pick out 100 or so coins to submit. It would have been nice if the Treasury Department had told the Federal Reserve to go pound sand but alas, that never happened since "ignorance" appears to be a contagious disease in Washington anymore. I'm not saying that it would be profitable today but what I am saying if that those folks that wanted to extend their First Day of Issue Registry Sets "beyond" that 2011 year could do it using these covers. And to echo your "why would anyone want to pay to grade one of these guys?", why do people pay to have coins graded in the first place? MONEY my friend. Money. Either to bag about the value of a certain coin in a certain grade or to sell the coins that were graded. That is, after all, the ONLY reason the TPG's exist anyway.[/QUOTE]
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Presidential Cover Series (Market Value vs Mintage)
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