Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Why did the 2021 D shoot up so high in value?
>
Reply to Thread
Message:
<p>[QUOTE="Gam3rBlake, post: 8219620, member: 115909"]I know I like that they did those and I wish they did it more. Especially for people paying almost $100 for a coin. At least give them the hope of something extra special.</p><p><br /></p><p>There are others things they could do but it would cost money. But the Mint is charging $90 for an ounce of silver so they can afford to do it.</p><p><br /></p><p>For example with the 2021 Morgans. Not only could they do the randomly signed COAs but they could have minted the first ones in Proof and I doubt it would be prohibitively expensive to do.</p><p><br /></p><p>Isn’t a proof coin just a coin struck extra hard with polished planchets and dies? Sure it may cost them some money but they’d still make an enviable profit.</p><p><br /></p><p>Imagine as a collector you open the case expecting to see the normal BU coin but instead you see the mirror like surfaces of a Proof coin and you know you are one of the few to get a rare and unique version.</p><p><br /></p><p>Then you open the COA and see a handsigned signature of the engraver in red marker along with “023/500” and you know you got the 23rd coin struck of the 500 proofs.</p><p><br /></p><p>With a mintage of 175,000 for each Morgan they could’ve minted 500 proofs of each mintmark and ensured that they did NOT go to big retailers like APMEX & JM Bullion but rather to individual collectors.</p><p><br /></p><p>Some people may say “500? Who cares? That only benefits a few people not the majority.”</p><p><br /></p><p>To that I would reply that the chance of receiving a Proof coin is something every buyer gets. Even if they don’t actually get it at least they get the hope and chance for one. They have the same chance as everyone else and that chance of getting something special alone is something pretty cool.[/QUOTE]</p><p><br /></p>
[QUOTE="Gam3rBlake, post: 8219620, member: 115909"]I know I like that they did those and I wish they did it more. Especially for people paying almost $100 for a coin. At least give them the hope of something extra special. There are others things they could do but it would cost money. But the Mint is charging $90 for an ounce of silver so they can afford to do it. For example with the 2021 Morgans. Not only could they do the randomly signed COAs but they could have minted the first ones in Proof and I doubt it would be prohibitively expensive to do. Isn’t a proof coin just a coin struck extra hard with polished planchets and dies? Sure it may cost them some money but they’d still make an enviable profit. Imagine as a collector you open the case expecting to see the normal BU coin but instead you see the mirror like surfaces of a Proof coin and you know you are one of the few to get a rare and unique version. Then you open the COA and see a handsigned signature of the engraver in red marker along with “023/500” and you know you got the 23rd coin struck of the 500 proofs. With a mintage of 175,000 for each Morgan they could’ve minted 500 proofs of each mintmark and ensured that they did NOT go to big retailers like APMEX & JM Bullion but rather to individual collectors. Some people may say “500? Who cares? That only benefits a few people not the majority.” To that I would reply that the chance of receiving a Proof coin is something every buyer gets. Even if they don’t actually get it at least they get the hope and chance for one. They have the same chance as everyone else and that chance of getting something special alone is something pretty cool.[/QUOTE]
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
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Why did the 2021 D shoot up so high in value?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...