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Pillar of the Community
United States
4882 Posts |
Hello Fellow Coin and Medal Collectors, I wanted to Touch on and Possibly Gain insight in The U S Mint's Newest Direction going forward in Drawing in " New " Collectors. It would seem the Powers to Be have Compromised the Direction of The Mint's Future Fans, Not a Re-Vitalization for Ole-School Collectors, Instead A New, Fresh Path forward into the Comic book Characters, Cartoon Figures and ?. All Gamers Please Reply...... I wanted to reach out and get an idea of the Reception for The Proposed Changes. I am Ole School, Please Share with Us All and Let Me Know, Where You Stand, Thanks in advance, MD 
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Pillar of the Community
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1030 Posts |
I used to be a gamer before kids, but can no longer count myself as one. I have watched some ebay live auctions with some special edition video game insignia struck silver bars. They were very popular with that community, prices soaring to several hundred per numbered 1 oz bars. I myself am not interested in such things, but I am 46 years old and can't consider myself of the new age coin collector. In fact I would consider myself old school. So much in fact, I do not collect any zinc era cents.
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Pillar of the Community
United States
6983 Posts |
@Morgan's Dad, These coins aren't for you and I. Long term will they have value, who knows. Looking at Canada they produce lots of coins, many become worth only bullion. My feelings is that these coins will become like modern commemoratives. just a coin worth its metal content. Sure for a few years people will buy them and they will trade higher, but like anything the mint does, it will become common with more produced than people buying so the prices will drop. I'm like you, I like the old stuff. Heck I stopped buying ASE/modern Peace and Morgans as the cost went up too much, I'm going back to Morgans and raw Morgans at that. 
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Pillar of the Community
 United States
4882 Posts |
kurdlezuit, You/We are Not Alone, Thank You for Your Insights, I Too Really Enjoy Morgan and Peace Original Silver Dollars, ( modern Reverse Proofs Too.).... ... ........  Helder, Your 100 % Correct, " I'm going back to Morgans and raw Morgans at that. " My Man, Love The Original 1878-1921 ( . 77344/Silver/Coin ).  I Too believe the Modern Morgan and Peace Silver Dollars ( Anniversary Series  ) Will and Is taking a " hit " financially Along with Notice of Our Collective Thoughts, As seen by Many Remarks On This CCF Forum. ..... Thanks All..... 
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Pillar of the Community
 United States
4882 Posts |
@ Helder, Nice Examples,... Anna Looks Awesome,...... ,...........      , Not to mention Theresa, .......  PS, I Like IKE,......
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CCF Master Historian of USA Commemoratives
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11025 Posts |
@Morgans_Dad: While I won't be supporting many of the Mint's new initiatives, I can't necessarily fault them for pursuing new markets with new "products."
The collectors of their "traditional" offerings are not numerous enough to keep the Mint profitable. It is a business, after all, and it needs to generate top-line revenue and bottom-line profits! So, exploring what might appeal to the next wave of collectors seems a prudent path to take.
It's possible that in 20 or 30 years, these "new direction" pieces will be eagerly pursued by collectors, much as many collectors today pursue Copper-Nickel (CuNi) Clad coins where 20 or 30 years ago they were largely ignored.
Thanks for starting the discussion! It should prove to be an interesting one to follow.
Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Pillar of the Community
United States
6983 Posts |
Quote: It's possible that in 20 or 30 years, these "new direction" pieces will be eagerly pursued by collectors, much as many collectors today pursue Copper-Nickel (CuNi) Clad coins where 20 or 30 years ago they were largely ignored. Commens, the clad coins maybe collected but they are worth face at the coin shop. I picked up proof Ike for $4. These are 50 year old coins. Proof nickels in raw are worth a $1 and you'll get 50 cents for them. According to my LCS most people (75%) get bullion, of the 25% less than 1% pay for clad coinage. He won't even buy it unless it high mint state.
Edited by hfjacinto 10/22/2024 11:17 am
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Pillar of the Community
United States
6983 Posts |
Mike you know my feelings on the mints pricing lately. It's cheaper to buy a classic coin, and that's what I'm doing and skipping the mints offerings.
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CCF Master Historian of USA Commemoratives
 United States
11025 Posts |
Quote: ...the clad coins maybe collected but they are worth face at the coin shop. How does their value matter? Many collectors collect out of circulation/pocket change. Collecting is not all about high-value items, IMO.
Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Pillar of the Community
United States
1904 Posts |
I'm somewhat of a gamer, and have been since Atari 2600 days. Still play frequently (PS5 and VR) but not into multiplayer or mobile platforms. I have many of the game-related silver rounds from APMEX. None of them slabbed (I don't think any TPG would slab these anyway) and collect them just because I like them. Like most bullion pieces, I don't see them as an investment so much as a collection that will retain their value for metal content. They might be treated as true collectibles later, I dunno. That said, I don't see the star-privy thing the same way. True, they're chiefly tied to gaming because that's how they're being promoted, but ultimately they're "just" silver eagles with an otherwise-meaningless mark and a mintage too high to be any kind of rarity. Not my thing, but I can only see the approach spreading to other markets (and marks). The comic book thing, I'm in for that. I really like the Superman designs and will likely get at least the silver one(s), slabbed when I can get one. Maybe the gold, depending on how things are going when it's released. Won't get Batman (not my thing), but want to see the designs. Same for Wonder Woman, though I have more interest there. When they get to Green Lantern, I'm taking the same approach as with Superman, but as an insta-buy (of course). The remaining characters in the line, whoever they are, I'm curious about but probably won't get having blown my budget/interest already by then. The thing about the comic-themed coins is that other countries have already done them (I have all of the Green Lantern designs, most of them slabbed). What gets me though is that many of them are still available from places like APMEX so it's not like they're selling out, yet here we come with our own line. Some of the characters will be new-to-coins but I don't see them becoming high-demand or great investments in the short term. Comic characters can have waves of sudden demand (or lack thereof) so there might be price bumps later, but in the meantime they're still mainly bullion with a clear and generally loyal fan base. This program might have legs and its success (or lack thereof) would dictate what else the Mint might do. With all else going on, it's going to be hard to do something truly original though.
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Pillar of the Community
United States
6983 Posts |
Quote:
How does their value matter? Many collectors collect out of circulation/pocket change. Collecting is not all about high-value items, IMO. Value matters as many of the collections won't be worth anything. My dealer gets a lot of these clad collections and tells the seller to spend them. In turn causing the seller to lose any interest in coin collecting. I've seen sellers keep some of the coins as they had value (mint state Standing Liberty and Walking Liberty coins) that they wanted to sell. When the clad collections come in, the person will end up going to a coin star and disposing of the coins. So yes value matters if you want these coins to be available to future generations.
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Moderator
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157714 Posts |
Quote: Thanks for starting the discussion! It should prove to be an interesting one to follow. Indeed. 
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Moderator
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157714 Posts |
Quote: My dealer gets a lot of these clad collections and tells the seller to spend them. In turn causing the seller to lose any interest in coin collecting. I believe those sellers have already lost interest in coin collecting. 
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Pillar of the Community
United States
6983 Posts |
Quote: I believe those sellers have already lost interest in coin collecting. Correct they had no interest and when the set is worth face there is no redemption. Coin collecting is a worthless hobby to them. BUT when someone comes in with a valuable collection, many have kept a few coins to remind them of who they got them from. (I've been there and seen it, I've also seen the look on their face when told to go deposit them at a coin star.) Face Value makes coins appear that its not worth saving.
Edited by hfjacinto 10/22/2024 12:48 pm
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Moderator
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157714 Posts |
Good thing I collect for sentimental and not monetary value.  Your mileage may vary! 
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Pillar of the Community
United States
6983 Posts |
Quote: Good thing I collect for sentimental and not monetary value. When the kids go deposit the coins at the coinstar tell them to let me know so I can get the rejects   Although you and I are same age, so I might not be able to be there when they make the deposit. 
Edited by hfjacinto 10/22/2024 12:52 pm
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Replies: 22 / Views: 927 |