Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Thought I would share...a NEW Franklin Mint Medallic Collection...Founding Fathers
>
Reply to Thread
Message:
<p>[QUOTE="mkwelbornjr, post: 1564188, member: 17034"]Franklin Mint, in is previous iteration, is nothing like HSN. Franklin Mint produced 90% of its products in house and they were extremely well developed. The employed over 1000 artists and sculptors and ran their own factories in the USA and far east. HSN and other just take existing US coins and grade them or put them in a box. They do not develop and produce coins or medals. Franklin Mint's design and themes were outstanding. Some of those old medal sets sell well if complete and in good shape. The trick is to sell to collectors globally, not drop them off at the local coin shop. Even melt is far more than the issue price. The 1975 Bicentennial Ingots contained 750 grains of silver and sold for $19 by FM orginally. A steal for the quality. These founding fathers average out to $27 per medal. The margin is no different than what US Mint charges for boring special sets of presidential dollars etc. But even more important you buy these items because they are a nice product and fun to own...not for investment. The adveritising makes no mention of it being limited, or anyting other than a way to honor history. Plus the sculpting and design are much better than on most modern US commem coins.</p><p><br /></p><p>Now that most of the old FM products are long gone. Some do sell for a premium. Try to find a mint in box diecast model of the 1982 Corvette Collector's Edition in Beign for anywhere close to the $90 issue price. They sell in the $500 range. Certain products from FM have a cult following. There are groups devoted to them. Doll groups on Yahoo...diecast groups like <a href="http://www.diecast.org/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.diecast.org/" rel="nofollow"><span style="color: #284c7e">www.diecast.org</span></a>. So the generic statement about bad investent does not apply. Also with todays precious metal prices any old FM set with silver or gold in it is definitly selling way above issue price. In the 1970's FM charged about $19 for the average medal with 1.5 ounces of silver. Find any mint today that will charge that for a fully sculpted newly struck piece???[/QUOTE]</p><p><br /></p>
[QUOTE="mkwelbornjr, post: 1564188, member: 17034"]Franklin Mint, in is previous iteration, is nothing like HSN. Franklin Mint produced 90% of its products in house and they were extremely well developed. The employed over 1000 artists and sculptors and ran their own factories in the USA and far east. HSN and other just take existing US coins and grade them or put them in a box. They do not develop and produce coins or medals. Franklin Mint's design and themes were outstanding. Some of those old medal sets sell well if complete and in good shape. The trick is to sell to collectors globally, not drop them off at the local coin shop. Even melt is far more than the issue price. The 1975 Bicentennial Ingots contained 750 grains of silver and sold for $19 by FM orginally. A steal for the quality. These founding fathers average out to $27 per medal. The margin is no different than what US Mint charges for boring special sets of presidential dollars etc. But even more important you buy these items because they are a nice product and fun to own...not for investment. The adveritising makes no mention of it being limited, or anyting other than a way to honor history. Plus the sculpting and design are much better than on most modern US commem coins. Now that most of the old FM products are long gone. Some do sell for a premium. Try to find a mint in box diecast model of the 1982 Corvette Collector's Edition in Beign for anywhere close to the $90 issue price. They sell in the $500 range. Certain products from FM have a cult following. There are groups devoted to them. Doll groups on Yahoo...diecast groups like [URL="http://www.diecast.org/"][COLOR=#284c7e]www.diecast.org[/COLOR][/URL]. So the generic statement about bad investent does not apply. Also with todays precious metal prices any old FM set with silver or gold in it is definitly selling way above issue price. In the 1970's FM charged about $19 for the average medal with 1.5 ounces of silver. Find any mint today that will charge that for a fully sculpted newly struck piece???[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Thought I would share...a NEW Franklin Mint Medallic Collection...Founding Fathers
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...