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<p>[QUOTE=&quot;johnmilton, post: 26716853, member: 101855&quot;]There was an earlier commemoratives bubble, before the one in 1989. In the late 1970s and 1980, there was a big promotion for &quot;collector coins.&quot; The commemoratives were in the middle of it.</p><p><br /></p><p>Promoters pointed to the much lower mintages for commemorative coins as opposed to the regular issues. What they didn&#039;t cite were the survival numbers for the commemoratives which are much higher than they are for the regular issues.</p><p><br /></p><p>A mintage of 18,028 for the Antietam did not make it a &quot;super investment&quot; compared to a 1901-S Barber Quarter with a higher mintage of 72,664. Using PCGS CoinFacts numbers, the 1901-S quarter has 2,000 survivors with 80 in Mint State and just 25 in MS-65 or better. Conversely the Antietam has 15,000 survivors with 12,000 in Mint State and 7,500 in MS-65 or better.</p><p><br /></p><p>There was an book published during this period, <u>Silver &amp; Gold Commemorative Coins 1892 to 1954</u> by Walter Breen and commemorative specialist dealer, Anthony Swaitek. The book had a lot of good historical information about the commemorative coins, but an appendix was full of laughable projections about what commemorative coins would be worth in the future.</p><p><br /></p><p>For example the book, which was published in 1981, projected that Norfolk commemorative half dollar in MS-65 would be worth $2,600 in 1985 and $4,500 in 1990. Simialar projections were made for every other commemorative coin. Today, the &quot;CoinFacts&quot; retail number for the MS-65 Norfolk is $400.[/QUOTE]</p><p><br /></p>

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