What do you think of recent super low mintage U.S. Mint issues?

Huh?

http://www.ebay.com/itm/2010-PCGS-C...D&orig_cvip=true&rt=nc&_trksid=p2047675.l2557

I realize that 1 eBay Listing does define the market but this one, simply does not have any numismatic value.

Here's another one:

http://www.ebay.com/itm/2010-FIRST-...D&orig_cvip=true&rt=nc&_trksid=p2047675.l2557

BTW, these were heavily "flipped" over and above the bullion value. I ordered these at $279 +shipping for a dealer that was offering $350 each for them. This continued for the next several issues until the consumer woke up to the fact that the market for these died on the vine.

Walk into ANY B&M Shop in the country, and the dealer will offer silver spot for them. To me, that's not a winner. Especially if I was one of the unfortunate souls that paid $1,000 or more for a slabbed version.

Here's an SP69:

http://www.ebay.com/itm/2010-P-5-OZ...D&orig_cvip=true&rt=nc&_trksid=p2047675.l2557

(Still at less than issue price)

Certainly not a good choice to defend as "doing quite well" especially if that "doing quite well" is dependent upon the price of silver.

US Mint issue's, to be winners or to have real value (over and above a "hype inflated market" must have consistent, sustaining value. There are some exceptions but the fat remains that very few modern mint issues actually have sustaining numismatic value over and above their original issue prices.

 

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So, you're selling your Pucks? Don't think they're a long term winner? Overall for the series, they're up over purchase price, but sure the 2010's were sold when silver was the highest and are the largest mintages of the series, so they took the biggest hit. And, like I said, the series was a great silver hedge, P-Puck buyers lost the least on the bullion side.

 

His portrait is not worthy in a republic.

 

I dont want to utter the name

 

Well, looks like this thread is winding down. We did refine the initial claim to: U.S. Mint issues with a mintage of 100k or less and issues with 100k to 250k (to a lesser extent), that are tied to series, and have been issued within the last 20 years have been good investments, and may well turn out to be the key dates for their respected series. I don’t recall any posts (on point), that disproved this hypothesis.

Oh yes, the profitability of the 2010 P-Pucks was questioned, with some good points. However, if you bought the whole series, many more than just the 2010’s, you did profit. And, there’s the hedge that reduced the affect of silver’s decline. And, most of the issues were a small markup over spot, so you stacked some serious bullion. Yes, their following now is dismal, however, that creates dismal mintages.

There were suggestions that these mint issues should be included in their own series. For example, define all RP’s as a series. Yeah, that could be a series. I’d say, for example, the 2015-p & 2015-w proof dimes have a strong tie to the Roosy series, so they are part of it. You can collect an RP series if you like, but hey, a Roosy is a Roosy.

Some wanted to add commems to the mix and I resisted. After looking at my commem purchases I realized what a good investment they’ve been. I only purchased the bu’s (or matte proofs) and found that if you bought all of the modern bu dollars when issued, you would have spent around $2,600, or at least I did because I had to buy a few in the aftermarket, and they book for $6,000 to 7,000 in ms69 – not bad. I sold the gold bu commems a few years back and more than quadrupled my cost.

Conclusion: Buying these issues is a no brainer.

 

Just fly overhead, drop your load and head for home.

Chris

 

Whatever helps you sleep at night, and no, I don't mean that in a snarky way. I'm merely being realistic that you are ignoring a number of counter examples at your own peril. I wouldn't risk hundreds or thousands on "investments" that risky.

P.S. What do you think of the sale of the $100k gold Kennedy? Happy collecting!

 

Risky, heck yes, this is "investment" within a hobby, with fun money. I wouldn't advice anyone stake their retirement on coins.

I think I mentioned, the gold Kennedy mintage is too high for a gold coin. The $100k one, well what can I say? I also mentioned that gold coins with an entirely different mintage & demand structure are not part of this analysis. Any other examples that fit the criteria?

 

I think I am merely beating a dead horse here. I defer to my previous posts. Happy collecting! If you are having fun, then (from a collecting/hobby perspective) that is all that matters.

 

Flight of the intruder.........

 

No..............LOL!

 

Nope.

I never owned any and only bought them for a dealer who wanted them.

The 2010's, as illustrated by the eBay listings cost someone at least a couplof hundred bucks in losses. Not what I'd consider a winner regardless of the hyper-investing with silver at the time. Everybody knew that bubble was gonna pop and, sure enough, it popped. Big Time!

Pucks are as big a loser as the Missing Edge Lettering Jefferson Presidential Dollars which some fools bought at close to 8 grand apiece. That had to put a dent in somebodies portfolio!

 

I could almost guarantee that the money "wasted" on that Kennedy was deducted as an advertising expense on somebodies income taxes for 2014! It was an expense at trying to jump start an already inflated market and they lost.

 

I think the OP and Eminem must be related. They both like to stir the pot with their hit & run tactics.

Chris