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Why I am boycotting new issues from the Mint.
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<p>[QUOTE="Vess1, post: 7606917, member: 13650"]You really think so? If you had ten of them 5 years from now would you sell them to me for melt? Look what people pay for any 1893 from any mint with much higher mintages than these, except for the S. <b>VFs maintain in the thousands</b> of dollars. I realize all of these are new and the entire mintage will remain in perfect condition. And whether they're actually a continuation of the series may be up for debate still. I don't think they are, but some will see them that way. We know the collector demand is there to keep the values way up on low grade, key dates for real ones.</p><p><br /></p><p> With so many people hanging on to multiples of these, there may never be enough for sale to fully satisfy demand and that could keep prices elevated or at least keep it a sellers market. It's not 175k of each distributed evenly to everyone that wants one. Looks like the majority want at least two for themselves and family. Some people will never pay the "ask". Others will. People buying and selling will set the market. Complainers will watch. We'll have to see how desperate people are to sell. Maybe they will crash, but some issues never do.</p><p><br /></p><p> What we've learned is, nobody that wants one (or multiples), wants to take their chances on the secondary market at a later time. <u>Everyone knows many mint issues do go down as time goes on but this didn't stop anyone.</u> Dealers are paying well above issue to get them from people. Only time will tell.</p><p><br /></p><p> All that being said, I find some releases exciting but I don't enjoy the experience trying to buy stuff either. Who would? I totally get why people would give up on it. It's a great feeling if you win and a horrible feeling if you lose out for the effort put in. If they were minted to demand and were $50 each, I still would have happily bought a set or two, had the same exact product and enjoyed it the same. It's probably what they should have done for these and what I wanted initially. Who knows if they could make enough to meet demand. It's yet to be seen if they'll be able to produce what's already offered.[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 7606917, member: 13650"]You really think so? If you had ten of them 5 years from now would you sell them to me for melt? Look what people pay for any 1893 from any mint with much higher mintages than these, except for the S. [B]VFs maintain in the thousands[/B] of dollars. I realize all of these are new and the entire mintage will remain in perfect condition. And whether they're actually a continuation of the series may be up for debate still. I don't think they are, but some will see them that way. We know the collector demand is there to keep the values way up on low grade, key dates for real ones. With so many people hanging on to multiples of these, there may never be enough for sale to fully satisfy demand and that could keep prices elevated or at least keep it a sellers market. It's not 175k of each distributed evenly to everyone that wants one. Looks like the majority want at least two for themselves and family. Some people will never pay the "ask". Others will. People buying and selling will set the market. Complainers will watch. We'll have to see how desperate people are to sell. Maybe they will crash, but some issues never do. What we've learned is, nobody that wants one (or multiples), wants to take their chances on the secondary market at a later time. [U]Everyone knows many mint issues do go down as time goes on but this didn't stop anyone.[/U] Dealers are paying well above issue to get them from people. Only time will tell. All that being said, I find some releases exciting but I don't enjoy the experience trying to buy stuff either. Who would? I totally get why people would give up on it. It's a great feeling if you win and a horrible feeling if you lose out for the effort put in. If they were minted to demand and were $50 each, I still would have happily bought a set or two, had the same exact product and enjoyed it the same. It's probably what they should have done for these and what I wanted initially. Who knows if they could make enough to meet demand. It's yet to be seen if they'll be able to produce what's already offered.[/QUOTE]
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