Discussion in 'What's it Worth' started by Fleshgrl02, Aug 25, 2019.
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All the value is in the bottom right embossing, 'Collector's Edition'.
Nice looking coins but not really "rare" or "collectible". Like @ldhair said, most of the value is in the silver.
Each medal has approximately $13.64 in silver melt value (400 grains of 0.925 silver @$17.70/oz). If there are 60 medals , you are looking at a little over $800 silver melt.
Everything I've seen said its very rare. That only 930 minted in 1970-72
Who told you that it is rare?
Rare and valuable do not always go hand in hand. Franklin Mint pedals this crap all the time. 9 times out of 10 when people try to sell their “rare” franklin mint medals that they paid a premium on, they are punched in the gut when they realize most people either don’t want them or are only willing to pay the metal value for them.
By the way, it's a very nice looking set.
But if there are only a few people who want to collect them, that doesn't matter.
For an illustration, consider the 1909-S VDB Lincoln cent. 484,000 were minted, but there have been millions and millions of collectors who started with Lincoln sets, and everyone of them coveted that coin. As a result, even the most worn and damaged examples go for hundreds of dollars.
Compare the 1/2 ounce gold First Spouse coins. The first four had mintages of less than 20,000 each for proof and uncirculated; the later ones had much lower mintages, well below 3,000 for the last few uncirculated issues. But there are very few collectors who care about the series (and can afford to collect 42 half-ounce gold coins), so even the rarest ones trade for little more than melt value. A single MS65 1909 S-VDB will buy you several MS69 or MS70 First Spouse coins, each much "rarer" than the cent.
The Franklin Mint is a business. no association to the US Mint a government operation.
They do not make US Coins.
The Franklin Mint makes metal round things (aka coin shaped things), model cars, trains, jewelry, figurines, board games, china, porcelain stuff, etc. They also resell US Currency by adding their "value added" stuff to it, which doesn't actually add value to the base product (all Franklin Mint marketing costs you are paying for; normally called Flipping).
McDonald's also makes Collectible and rare happy meal toys. Remember the rare and collectible Beanie Babies? Anyone can put the tag "Collector" on about anything.
Since they are a business they are not going to make a ton of them if there is no demand. Thus the low production. They then move on and try to create the next, new "collectible" thing .. just like anything else where marketing is key.
If you peruse eBay you can find similar "Franklin Mint collectable sets" that are selling for basically silver melt price $775 BIN for 50 coin set ==> https://www.ebay.com/i/282464191912...f1a9Fohms8IJSHUG_vd6UnefUu1cTgbIaAmnvEALw_wcB
When you buy directly from the Franklin Mint you are buying their Marketing speil, original manufacturing costs (engineering, design, etc), salaries, etc. In the secondary/used market you lose all that overhead valuation. At that point to retain "value" you have to find someone else who "values" it above the base metal and wants to pay for it. If they don't do their research you're better off. If they venture off to ebay, etc for comparison shopping they'll see the value is essentially the metal value.
If you can find someone who thinks it is "rare & valuable" then quickly sell it to them.
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