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Why are old state commems so cheap despite rarity?
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<p>[QUOTE="charley, post: 8328635, member: 5372"]I certainly understand your point, but I think the misunderstanding is the government involvement.</p><p><br /></p><p>There are 2 Congress committees that consider and approve commemorative coinage, the Committee on Banking, Housing, and Urban Affairs, and the Committee on Banking and Financial Services of the House, and the input of the Citizens Advisory Committee. These reports are then the basis of Congress passing a Bill to authorize the coinage.</p><p><br /></p><p>I guess it can be argued that lobbying and behind the scenes finagling occurred and these issues are not 'really' coins blahblahblah. It can be argued that the Mint and Treasury considered such pieces a PITA.</p><p><br /></p><p>However, except with a few coins, the commemorative coinage was historically significant and the proceeds were used for appropriate historical honor of whatever event or person or place, be it via construction of a monument or funding a celebration or whatever.</p><p><br /></p><p>The point is, it is about Art and History, and to me that is the exact basis of collecting.</p><p><br /></p><p>I disagree that the issues of such pieces were not a 'government thing'.</p><p><br /></p><p>I disagree that the coins have little to do with the government. I disagree that there was not a coordinated effort between the groups or parties or the States involved.</p><p><br /></p><p>The Commemoratives were not intended to make money for the Federal Government, but in a way they did, because the citizens of a State wanted recognition of the historical subject being honored, and the funds from the sale of the pieces were used for that purpose, and that had a very real economic impact, via sightseeing, touring, education, etc., and most likely Congress would have appropriated money for the purpose (and did, in many situations, actually).</p><p><br /></p><p>The demand for these pieces have always existed. Yes, it waxes and wanes based on $ cost at any one time, but that does not transfer as less demand or less popularity. That may be confusing profit/investment collecting with hobby collecting.</p><p><br /></p><p>As to others not listening to what you opine, I am the undisputed poster child for same and wear it like a Badge of Honor, because I know stuff.</p><p><br /></p><p>Don't Smith me, Bro.....[/QUOTE]</p><p><br /></p>
[QUOTE="charley, post: 8328635, member: 5372"]I certainly understand your point, but I think the misunderstanding is the government involvement. There are 2 Congress committees that consider and approve commemorative coinage, the Committee on Banking, Housing, and Urban Affairs, and the Committee on Banking and Financial Services of the House, and the input of the Citizens Advisory Committee. These reports are then the basis of Congress passing a Bill to authorize the coinage. I guess it can be argued that lobbying and behind the scenes finagling occurred and these issues are not 'really' coins blahblahblah. It can be argued that the Mint and Treasury considered such pieces a PITA. However, except with a few coins, the commemorative coinage was historically significant and the proceeds were used for appropriate historical honor of whatever event or person or place, be it via construction of a monument or funding a celebration or whatever. The point is, it is about Art and History, and to me that is the exact basis of collecting. I disagree that the issues of such pieces were not a 'government thing'. I disagree that the coins have little to do with the government. I disagree that there was not a coordinated effort between the groups or parties or the States involved. The Commemoratives were not intended to make money for the Federal Government, but in a way they did, because the citizens of a State wanted recognition of the historical subject being honored, and the funds from the sale of the pieces were used for that purpose, and that had a very real economic impact, via sightseeing, touring, education, etc., and most likely Congress would have appropriated money for the purpose (and did, in many situations, actually). The demand for these pieces have always existed. Yes, it waxes and wanes based on $ cost at any one time, but that does not transfer as less demand or less popularity. That may be confusing profit/investment collecting with hobby collecting. As to others not listening to what you opine, I am the undisputed poster child for same and wear it like a Badge of Honor, because I know stuff. Don't Smith me, Bro.....[/QUOTE]
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Why are old state commems so cheap despite rarity?
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