Up to date mintages or production figures

April Fools indeed... if Elaine were reading the BSA threads she'd already know I agreed the BSA coin would be an sell out but wouldn't be much to flip or count on for future 'investment'/numismatic premium, there's just too many of them minted.

 

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i like you krispy. you are so smart.

as for boy scouts. yes. there were too many. the last one that i bought after 10 years stop buying commemorative. that is the benjamin franklin. it sold out. price skyrocketed. but now it crashed. another lesson is the white house. it went up to $150.00. now it's near bullion value.

i think boy scout might be cheaper than lincoln. lincoln currently around $50.00 cdn bid. the highest among recent issues.

 

Also many BSA are of interest to Scouts and not as many coin collectors. Yes some Scouts are coin collectors or will become collectors, but many Scouts will not care when they get these as gifts. Many of these coins will end up in dealer hands or melt in the future because too many careless Scouts mishandled the coins. The only BSA coins that I see holding future potential will be those graded MS/PR 69/70 at this time from the top TPGs, these will fulfill the needs of the coin collectors. Still this coin has little eye appeal so I don't give it much of a future for the majority of its mintage.

 

there will be not much to report on march production from the u.s. mint circulation coinage.

 

So was this accurate, or was it an April Fools?

 

I would mildly disagree about the Scouts not caring. For those who "don't care", the coins will be put along with all their other Scout stuff (most likely by the Scout's mother:bow and sit there (essentially removed from circulation) for years to decades. For those who do "care" the same thing will happen, the coins will be put along with all their other Scout stuff, as a treasured memento.


A small portion of the scouts who get the coins as gifts will start collecting. Assuming that 10% of the coins (and I think that 10% may be too low) are given to Scouts as gifts, and only a few percent become collectors, that is 1,000 new coin collectors.

I do know that other parents of young scouts (even Cub Scouts) are buying the BSA commems in single lots in anticipation of the coins being a presentation gift at their son's eventual Eagle Scout Court of Honor.

As far as eye appeal, I don't think that the coin is that great. I much preferred the design showing the older scout in the 1910 uniform helping a younger scout in a 2010 uniform up a mountain. Also (I got my 2 coins yesterday), the proof looks much nicer than the unc.

As far as value, this is one coin I'd not like to see become too expensive. While I always want my coins to skyrocket in value (but only after I've had a chance to buy one), this is a coin that can be a way to introduce young boys to coin collecting. If it is hundreds of dollars on the secondary market, you won't see them as gifts. if less than $50, then you will see parents/relatives/neighbors giving them as gifts to Scouts (and hopefully piquing their interest in coin collecting). I don't think that the lack of a high MS69/70 grade would matter.

My final comment regarding high grades is that I don't think that ultra-high (MS69/70) grade commem coins are good investments. There are just too many of them these days and the populations keep growing. Just look at the numbers (not the prices, not the prices:headbang on the TV shopping channels. You'd think that they have their own factories stamping out hundreds, if not thousands of MS69/70 commems every month.

 

Too much emphasis and nostalgia of youth/Scouting is being worked up on this coin issue to think these will carry numismatic premiums. Don't forget this is a centennial commem for the organization not a Scout graduation coin. Most being bought as gifts are being done by adults for children unaware of the coin market and the concerns we discuss. Like any other special coin given at a high school or college graduation, as a memento/gift, it doesn't carry much more than sentimental value to the receiver. The coin market doesn't care when someone graduated, they will only care about high grade/quality coins if those who are or eventually become sophisticated coin collectors, hence the high grades will command the premium. All those tucked away for years by Mom will somehow end up in the market with plenty to be had for years to come. I agree not to buy those TPG graded coins during the hype of a new coin release either as they are over priced and working the marketing angle on consumer emotional response... and NEVER buy from the TV hucksters.

There's just too many of these coins about to be out there to rely on another modern commemorative silver dollar from the US Mint to be worth a premium or that buyers from the non-collecting Scouting community will be willing to pay those premiums in the near and far future. IMHO

 

there are 4 million active scouts. That number may not surprise you , but it did surprise me. Also it seems like scouts would be a demographic that would be a lot more likely to know about coins/the coin market. There is a lot of overlap between scouting and coins.

 

Okay, I've seen you blab the 4M Boy Scout stat a couple times tonight, pushing this number isn't enough to prove the BSA coin will do better than other modern silver commem dollars from the US Mint. Mintage alone will kill it in the coin community. How many Boy Scout Merit Badges are there? There's but one Coin Collecting Merit Badge to acquire. Many of those 4M will never achieve it and some of those may not even attempt it. Many of your 4M wont last in Scouts long enough for one reason or another to achieve it either. Too many factors will topple your big number theory Danr. The cards are stacked against modern mint silver commems. Sure it will sell out very quickly and there will be some period in which the BSA enjoys the spot light, but the flip wont bring you as much as you think it may and the discerning coin collectors who want this coin will be after the graded ones if they collect moderns.

 

Hate to say this ("cause I'd like to flip a few on the "bay") but I think Krispy's analysis is correct. The graded coins on the "bay" seem to be commanding the better prices. And I think his long term prediction on graded pieces will hold true. Seems the best we "flippers" can hope for is $10 over mint issue price. Not a whole lot o' bucks to be realized.....

 

..not much to say to that except "we shall see", and "I hope that you are wrong". btw that is 4M active boy scouts, 10's of millions of former scouts. As for me I am pretty excited at the possibility of of making a few bucks, but I know that I may have to end up doing a lot of work just to draw even.

 

Yeah, I think you'll see and your desire to flip these coins based on your reasoning will disappoint you too. Selling fees will eat up much of the flipping potential you think you'll pocket. Just not worth it on this high of mintage coin. Had it been 50k I would have been more likely to be in your camp.

 

I did ok on the mint rolled LP1's this summer and they had good sized mintage. I bought those on a hunch like these. Also those 2001 silver Buffalo Dollars still bring heavy money and I think those were at 500,000 mintage. Not that I am trying to convince you. I just can't think of any parallel in modern commems in terms of a coin honoring this large of a group.

 

Cents/Pennies did well since so few were turning up in circulation and at banks. Also they were Lincoln related and there are masses and masses of Cent collectors out there really geared up in a Lincoln year. Silver commems just don't have a great track record, but I hope I'm wrong for your sake.

 

American Silver Eagle Coins Rally in March, Capping U.S. Mint Quarterly Sales Record from CoinNews.Net

Elaine do you have the breakdown yet on how many 2010 sales there are from that 9 Million number? I assume a portion of that figure includes 2009 ASE sold in 2010 earlier in the year.

 

check this thread #1537 of mine.

 

Thanks! Slipped right by with all the Boy Scout talk and fervor.

 

because you chat so much.

 

Lots of interesting topics these days...

 

i am zealous.