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What do you think of recent super low mintage U.S. Mint issues?
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<p>[QUOTE="brg5658, post: 2144897, member: 29751"]Who cares if they "do well"...which I take to mean that they gain in value for people who are flipping/selling them?</p><p><br /></p><p>Each collector needs only one of these items, and with all of the people who are apparently in this just for the "profit" of flipping coins -- it's not hard to find any of these coins mentioned for reasonable prices. Again, as a collector -- I only need one example and then I am done.</p><p><br /></p><p>A large part of the "doing well" (gaining in value) of these "low-mintage" coins is driven by the constant changing of hands between dealers and prospectors. The new March of Dimes sets are "hot" right now because so many prospectors are interested in getting them so they can put them up for sale for a profit before things cool off. The <i><b>collectors </b></i>buy one set at issue price, put it in a closet and look at it occasionally if ever. Creating churn in the market by turning over the same coin 5 times in a year isn't really relevant to collectors. It's relevant to dealers and flippers.[/QUOTE]</p><p><br /></p>
[QUOTE="brg5658, post: 2144897, member: 29751"]Who cares if they "do well"...which I take to mean that they gain in value for people who are flipping/selling them? Each collector needs only one of these items, and with all of the people who are apparently in this just for the "profit" of flipping coins -- it's not hard to find any of these coins mentioned for reasonable prices. Again, as a collector -- I only need one example and then I am done. A large part of the "doing well" (gaining in value) of these "low-mintage" coins is driven by the constant changing of hands between dealers and prospectors. The new March of Dimes sets are "hot" right now because so many prospectors are interested in getting them so they can put them up for sale for a profit before things cool off. The [I][B]collectors [/B][/I]buy one set at issue price, put it in a closet and look at it occasionally if ever. Creating churn in the market by turning over the same coin 5 times in a year isn't really relevant to collectors. It's relevant to dealers and flippers.[/QUOTE]
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What do you think of recent super low mintage U.S. Mint issues?
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