Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
WARNING: First Spouse collectors
>
Reply to Thread
Message:
<p>[QUOTE="illini420, post: 675093, member: 19423"]I still disagree that the article is applicable to the First Spouse series. Based on your post, do you think the Mint could bring back any coin that hasn't sold out its maximum mintage?? how about the Jackie Robinson gold commems or the Atlantic olympic gold coins or any other commemorative coin issued in the past 20 years or so that sells at a decent premium?? just not sure why you pick on only the collectors of the First Spouse series with your WARNING??? just seems to be a lot of haters of the series, which is fine i guess, because there is also a lot of hype as Jack pointed out.</p><p> </p><p>I don't remember them selling 2003 nickels in 2008, but I remember the Mint sold some mint sets from a few years ago earlier this year in their inventory liquidation sale. But not enough to have any significant impact on the market price. Similarly, the coins listed in the link you provided are just a bunch of business strike coins, 50 state quarters collectibles and a few annual mint/proof sets. But has the Mint ever started reselling a commemorative coin after it has been made unavailable??? I don't think so.</p><p> </p><p>It seems that your WARNING regarding the First Spouse series also suggests that the Mint may have already minted the full 40,000 run of coins and has them in storage right now waiting for a theoretical future sale. With the price of gold and the demand for the gold planchets, that seems doubtful. And I can't imagine them pulling the dies out of storage in a few years to start minting up more of them... they'll be too busy working on the two Wilson Spouses and the rest of this seemingly neverending series.</p><p> </p><p>That said, there is always a possiblity the Mint will start reselling any coin that hasn't sold out its maximum mintage, but that seems to be a very very remote possibility in the case of the First Spouse coins, and I find it far from naive to discount this possiblity since to my knowledge the Mint doesn't bring back any old commemoratives for sale.</p><p> </p><p>In any event, while I agree that there is a lot of hype surrounding this series and their relatively low mintages (aka low sales), there is also a ton of haters out there that seem to get off on bashing this series any chance they can get. I'm collecting this series so far because I like gold and I like the designs on them, pretty much that simple... seems like a win-win. And if some of them end up being low mintage coins, then that is fine with me as well. </p><p> </p><p>I do agree that it's risky for folks not really interested in the series to buy the lower mintage ones just because they are low mintage, not because I think it's a reasonable possiblity the Mint will make more in the future, but because I think there's a reasonable possiblity that there will never ever be great demand for the coins, even the ones with low mintage as there will be likely many of them with low mintages.[/QUOTE]</p><p><br /></p>
[QUOTE="illini420, post: 675093, member: 19423"]I still disagree that the article is applicable to the First Spouse series. Based on your post, do you think the Mint could bring back any coin that hasn't sold out its maximum mintage?? how about the Jackie Robinson gold commems or the Atlantic olympic gold coins or any other commemorative coin issued in the past 20 years or so that sells at a decent premium?? just not sure why you pick on only the collectors of the First Spouse series with your WARNING??? just seems to be a lot of haters of the series, which is fine i guess, because there is also a lot of hype as Jack pointed out. I don't remember them selling 2003 nickels in 2008, but I remember the Mint sold some mint sets from a few years ago earlier this year in their inventory liquidation sale. But not enough to have any significant impact on the market price. Similarly, the coins listed in the link you provided are just a bunch of business strike coins, 50 state quarters collectibles and a few annual mint/proof sets. But has the Mint ever started reselling a commemorative coin after it has been made unavailable??? I don't think so. It seems that your WARNING regarding the First Spouse series also suggests that the Mint may have already minted the full 40,000 run of coins and has them in storage right now waiting for a theoretical future sale. With the price of gold and the demand for the gold planchets, that seems doubtful. And I can't imagine them pulling the dies out of storage in a few years to start minting up more of them... they'll be too busy working on the two Wilson Spouses and the rest of this seemingly neverending series. That said, there is always a possiblity the Mint will start reselling any coin that hasn't sold out its maximum mintage, but that seems to be a very very remote possibility in the case of the First Spouse coins, and I find it far from naive to discount this possiblity since to my knowledge the Mint doesn't bring back any old commemoratives for sale. In any event, while I agree that there is a lot of hype surrounding this series and their relatively low mintages (aka low sales), there is also a ton of haters out there that seem to get off on bashing this series any chance they can get. I'm collecting this series so far because I like gold and I like the designs on them, pretty much that simple... seems like a win-win. And if some of them end up being low mintage coins, then that is fine with me as well. I do agree that it's risky for folks not really interested in the series to buy the lower mintage ones just because they are low mintage, not because I think it's a reasonable possiblity the Mint will make more in the future, but because I think there's a reasonable possiblity that there will never ever be great demand for the coins, even the ones with low mintage as there will be likely many of them with low mintages.[/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
>
WARNING: First Spouse collectors
>
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...