Message:

<p>[QUOTE=&quot;chrisdudly, post: 212843, member: 8446&quot;]Coin world is now estimating that there are no more than 170,000 of these Washington smoothies out there.&nbsp;&nbsp; Well over 100 million Americans are expected to collect these Presidential dollars so that means only&nbsp; 1 in 600 or 700 could actually own one of these if each person was allocated one smooth edge.&nbsp; That is a pretty hefty supply and demand imbalance.&nbsp; &nbsp; Coin values are based on rarity, popularity, quality, and appearance.&nbsp;&nbsp; Lets start with the rairty variable, what have other coins done with mintages in the 170,000 range done?&nbsp; &nbsp;&nbsp; 30,000 1995-W Silver Eagles were minted and they sell around $5000 each, 52,000 1916 Standing Liberty Quarters were minted and they sell for around $1500 in the worst of conditions, 1909-S VDB&#039;s sell for $500 or more in the worst of conditions and there were 484,000 of those minted, 1893-S Morgan Dollars sell for around $2500 in the worst of conditions and there were 100,000 of those minted, so as you can see based on these numbers you would expect these to be selling for much more.&nbsp;&nbsp; Ok, now to the popularity variable, well over 100 million americans are expected to collect presidential dollars, no need to say anymore because that says it all.&nbsp;&nbsp; Next the quality factor, most of these coins will undoubtedly be uncirculated since most people were eating these up to collect in the first place and not to running off to the store to spend them.&nbsp; FInally, the appearance factor, well I&#039;m hearing from other forums that many are impressed with the proof like&nbsp; finish that many of these washington dollars seem to display along with the illusion of this looking like a pure gold piece, I think this says it all from an appearance perspective.&nbsp; These coins will bounce around just like the Wisconsin leafs did which were selling as low as $60 or $70 on ebay about a year ago in unc condition and&nbsp; now they are selling for around $200..&nbsp; 170,000 is a very small number in the coin world especially when you have many collectors that will put away multiples of these.&nbsp;&nbsp; I expect in 2 months that you will not find a 65 selling for under $600 or $700 on ebay.&nbsp; Folks, this&nbsp; is common sense and&nbsp; this could very well be the only presidential coin with no date, no mint mark, no in god we trust and the other wording.&nbsp; In other words, it is almost like the mint produced a Presidential coin in itself to start the which cointains no date and the other pertinent information.&nbsp; What would you expect a coin to go for tomorrow if the mint said they are producing only 170,000 of a new presidential coin and the bidding will take place in a dutch style auction format with 170,000 being minted??&nbsp;&nbsp; I would expect close to $1000 or more would be final price. These coins are very undervalued and once the initial dumping is over with from people not caring what they get for them since thieir basis was ony a $1 you can alomst bet that these will sky rocket in price as promoters come in along with people wanting to stach 10 or 20 away for the long term.[/QUOTE]</p><p><br /></p>

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