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United States Souvenir Coins and Their Prices, by Thomas L. Elder.
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<p>[QUOTE="johnmilton, post: 3538132, member: 101855"]Ironically things only got worse for collectors after Elder wrote this piece. In the 1930s, promoters and speculators gained control of the mintages for a number of commemative coins (Cincinnati, Hudson, Boone, Oregon Trail) and charged premium prices for them. Commemative half dollars were issued for many years only get addition funds out of collectors. (Boone, Texas, Oregon Trail, Washington-Carver, Booker T. Washington)</p><p><br /></p><p>Elder had a point, but his proposed premiums were too low to make the issuance of these coins a viable fundraiser for the organizations. His proposal to have the government do it risked wasting taxpayer money, which occurred in modern times with overblown Atlanta Olympics coin program. The only real solution was and is collector restraint. If you are not interested in the topic or think the issue price is too high, don't buy it.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 3538132, member: 101855"]Ironically things only got worse for collectors after Elder wrote this piece. In the 1930s, promoters and speculators gained control of the mintages for a number of commemative coins (Cincinnati, Hudson, Boone, Oregon Trail) and charged premium prices for them. Commemative half dollars were issued for many years only get addition funds out of collectors. (Boone, Texas, Oregon Trail, Washington-Carver, Booker T. Washington) Elder had a point, but his proposed premiums were too low to make the issuance of these coins a viable fundraiser for the organizations. His proposal to have the government do it risked wasting taxpayer money, which occurred in modern times with overblown Atlanta Olympics coin program. The only real solution was and is collector restraint. If you are not interested in the topic or think the issue price is too high, don't buy it.[/QUOTE]
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United States Souvenir Coins and Their Prices, by Thomas L. Elder.
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