Coin Collectors Discussion and Help

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Fri, Jan 13, 2017 - 11:33am
silverwood
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U.S. Mint Features African-American As Lady Liberty On New Gold

https://www.kitco.com/news/2017-01-13/U-S-Mint-Features-African-American...

Wow I can purchase 2 GAE or Gold Buffalos that are only worth $50 each with this new and improved $100 coin. Hopefully Trump's new Sec of Treasury will hire some better leadership at the Mint! 

"According to the U.S. Mint, this is only the start of its new diverse look as it plans to portray Lady Liberty in other minority images."

How long until we get a politically correct transgender/transvestite portraying Lady Liberty, LOL!

Sat, Jan 21, 2017 - 2:43pm
silverwood
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Is investing in rare coins a good idea?

https://www.ngccoin.com/news/article/5740/

Bullion coin values should only be derived by the amount of metal they contain, period! As a young boy, I grew up collecting coins as a hobby. It was a good way to understand history and imagine who held that old coin. Somewhere down the road of the coin collecting hobby the concept of investment arose. Initially as a hobby you could buy, sell or trade your coins to other collectors and also to some dealers. Collectibles became big business and with that the marketing of the idea of promoting these coins to investors for long term profits. The prices he uses in the article posted goes to show the folly of rare coin investment. What I still retain is buying old US coins from the "we buy gold people" and looking for better dates and grades to add to my collection.

Mon, Jan 30, 2017 - 3:51pm (Reply to #783)
tvend
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Interesting Article

Good find on that article... I would've assumed just a higher market price brings more coins to market, but some of that data is incredible. The one on there showing people paying crazy money for a 1986 American Eagle is a bit mad... makes me think that there's an element of "investors" acting as dumb money in the collector market driving some of the volatility. You have to think, if you are spending 10K on a Washington Quarter, you better believe you know what you're doing. A 1995-W ASE Proof for 85K?

Check out this set of Morgans, this is my new "OOOOOH GIMME"

https://www.pcgs.com/SetRegistry/alltimeset.aspx?s=7520

I did see that new 2017 America The Beautiful quarter / 5oz silver, the Effigy Mounds. Looks like it has a really unique cool reverse, lot of tiny dot work giving it this fuzzy look. I'd like to see that one up close. All of them look great, the portrait work looks fantastic.

https://www.coinnews.net/2016/09/01/2017-america-the-beautiful-quarter-a...

Lastly, I'm definitely getting the African American lady liberty... A) those high relief liberties are all doing excellent on the secondary market. 2009 and 2015 both are well bid. and B) it just looks amazing, super classy, and well done.

Mon, Jan 30, 2017 - 5:07pm
achmachat
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1986

I'm pretty sure that somewhere I still have 1986 American Silver Eagles.

They're not graded, but I'd gladly exchange them for a tube of new Eagles each laugh

Fri, Feb 3, 2017 - 4:00am
Boswell
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Fake Silver Eagles

Saw some for sale on a Cheap Chinese Stuff Cheap website... Bought a few for laughs and to have for comparison (and decoys? ;-). Liberty silver commemorative coins $1USD (+ $1 S&H) Description: Coin diameter 40MM Coin thickness:3MM Material: Iron Color As shown in the picture Logo: Commemorative coins https://contestimg.wish.com/api/webimage/57ce8429409a161d37101611-2-original

Ooooh! Also have Morgan Dollars - Good Quality Antique Coin Commemorative American Coin Diameter 39mm Copper Core 1888 US Silver - https://www.wish.com/#cid=585ce7347daa3741e011acb2

And more commeratives & even Donald Trump coins. Must have got a new vendor signed up?

Sun, Feb 12, 2017 - 8:03am
ag1969
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5 oz ATB's

I just ordered the first ATB of 2017, Effigy Mounds:

I have also completed the 2017 Somalia Elephant series that I told you guys about a while back. This is the first year they are making fractional sets, so for 2017 there is 1/10, 1/4, 1/2, 1 oz, 2 oz, and 5 oz. I needed the 2 and 1/10 oz coins because JM did not have them when I ordered the other sizes.

I have reached the point where I am very seriously considering opening my own LCS. Thoughts?

Tue, Feb 21, 2017 - 9:55pm (Reply to #786)
Boswell
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Update: Fake Silver Eagles

Well, they came in, thought I'd better report back...

They look nice when you first look at them, "proof like" finish, frosted lady on a shiny background. Even came with fake "AirTite" cases.

Same size diameter but a bit thicker, weigh 0.92oz(t). Looks like they are chrome plated "steel"? Scraped a little off and you can see the copper plating under the chrome. Sticks to a magnet like glue. Drop test, no comparison, real eagle "rings", these don't. Didn't even need to use the Bullion Test app. Upon closer inspection... Definite lack of detail, no "vanes" in the feathers or arrows, shield looks wrong, depressed stripes vs raised stripes. On the front, pretty much the same, the lines in her dress are missing, no texture on the flag, how many fingers on her hand? Can't tell, looks like she is wearing mittens!

Bottom line: Nobody here would be fooled. Basic checks would spot these.

Mon, Feb 27, 2017 - 1:01pm
Dyna mo hum
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ACCURATE DESCRIPTION HERE GOOD FOR A LAUGH ANYWAY...

Tue, Feb 28, 2017 - 6:09pm
ag1969
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Pretty Funny DMH...

... and it is good to see you here! I am no longer a fan of ebay. I still consult ebay once in a while to see what a coin of mine may be selling for.

I hope you are well these days!

Tue, Feb 28, 2017 - 8:43pm
Dyna mo hum
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Hey AG

Its good to be here thanks. I picked up an infection on my new heart valve. Got me on Iv antibiotics for the next 6 weeks of treatment via pic line. It is amazing that I am still alive after all I have been through. I walked a measured mile in less than 25 minutes today. I think that's pretty good given my recent medical history. God Almighty has made a true believer out of me. I long for the day I can go back to work ... Prayers are welcome....

Wed, Mar 22, 2017 - 7:29am
ag1969
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Silver Krugerand Ripoff

So this is the Inaugural year of the Silver Krugerrand, and Modern Coin Mart, it appears, has an exclusive in North America. It appears they have chosen to rip people off. If you ask me, this is an ordinary bullion coin, but MCM has chosen to charge $59.95 per 1 oz. coin for a regular BU Kruggerand.

https://www.moderncoinmart.com/2017-south-africa-1-oz-silver-krugerrand-...

Is there anyone here that is willing to pay a 291% premium for an average 1 oz coin? Not me, I'll pass on this one.

Wed, Mar 22, 2017 - 9:53am
achmachat
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Krugerrand...

I wouldn't buy these. These are prime candidates to be faked in the near future. Chinese fakers love everything Kruger.

These last two years, all my bought silver bullion was Perth Kangaroos. Those are too complicated to be worth a faker's time and energy (just like the recent Maple Leaves).

And what's more, they're actually good looking!

Mon, Mar 27, 2017 - 4:11pm
Boswell
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$Million Maple Stolen!

That's some addition to someone's "collection". (that you can't show anyone)

https://www.cnbc.com/2017/03/27/massive-gold-coin-worth-millions-stolen-...

"Berlin police say thieves broke into the German capital's Bode Museum and made off with a massive 100-kilogram (221-pound) gold coin worth millions.

The three-centimeter (1.18-inch) thick coin, with a diameter of 53 centimeters (20.9 inches), has a face value of $1 million. By weight alone, however, it would be worth almost $4.5 million at market prices."

I still wonder... Is it really a "Coin" if you can't put it in your pocket?

Mon, Mar 27, 2017 - 7:42pm
ag1969
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Well Bos

I guess you'd have to have really deep pockets!wink

Thu, Mar 30, 2017 - 8:18pm
ag1969
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Achmachat

That coin you like is available in 1 oz gold now

https://www.jmbullion.com/2017-1-oz-republic-of-chad-egyptian-relic-seri...

Fri, Mar 31, 2017 - 2:28am (Reply to #787)
JAG
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Effigy P Puck

Got mine in the mail today. Not my favourite of the series but it's growing on me.

Ever tried. Ever failed. No matter. Try Again. Fail again. Fail better. Samuel Beckett
Fri, Mar 31, 2017 - 3:24am
achmachat
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Ag1969

Pretty! It looks good with the entire packaging.

They're not for sale over here... yet. 

I've been happy for now that the Queen's Beasts gold coins series actually look good, for the same buying price as other bullion gold coins!

Fri, Mar 31, 2017 - 7:16am
ag1969
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Yep

Those Queen's beasts are pretty coins. I have them all in the 2 oz silver, but no gold. Only downside is the scum queen on the flip side.

Justaguy, I don't like the Effigy Mounds coin either. I have it just because I have them all and want to complete the series and pass it on to my kids. The 5 oz ATB's, IMHO, have had way more duds than good ones. The next one up, Frederick Douglas, is even less inspiring. This series had the opportunity to be really special, and there are some nice coins, but for the most part, the Mint blew it with a lot of these coins. Especially Saratoga. When they opted for a sword instead of horses on that beautiful and historic race track, I knew that they had settled on mediocrity with the ATB's. Since I am already waste deep, I will carry on.

Fri, Mar 31, 2017 - 8:42pm (Reply to #799)
JAG
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I'm in the Same Boat

I thought long and hard about giving up the series after TR (which I really liked) last year but decided that having come this far. At the very least it's an interesting way to collect 280 oz. Ag albeit an expensive one.

Speaking of blowing it... 4-6-17 release American Liberty 225th Anniversary Gold Coin.

It's a shame as I really liked the 15 HR Liberty along with...

the W & S mint mark 16 Liberty Medals that I was lucky enough to get in the six min. sellout.

Ever tried. Ever failed. No matter. Try Again. Fail again. Fail better. Samuel Beckett
Tue, Apr 4, 2017 - 12:42pm
JAG
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U.S. Mint's 2017-S American Silver Sellout

75,000 "S" ASE's sold out in less than 4 mins. today at noon.

By CoinWeek News Staff ......
"The U.S. Mint's latest surprise release - the 2017-S American Silver Eagle Proof Coin, available in the upcoming 2017 Congratulations Set, available April 4.

While this is not the first time that the popular American Silver Eagle Proof coin will be struck at the San Francisco Mint and bear an "S" mint mark, it is not the standard mint of choice for Proof Eagle production by the U.S. Mint. The "regular-issue" 2017 Silver Eagle Proofs are struck at West Point.

Later this year, the American Eagle One Ounce Silver Proof Coin with the "S" mint mark from the San Francisco Mint will be available as part of the 2017 Limited Edition Silver Proof Set."

If the LESPS set is limited to 50,000 sets as it has traditionally been this will be the second lowest mintage of "S" ASE's. That's a big if and the mint has no restrictions against including it in other offerings this year.

Other "S" mint mark San Francisco minted Silver Eagles were:

2011-S: Collectible uncirculated version with the “S” mint mark only issued in the 25th Anniversary Set. - 99,882

2012-S: Reverse proof coin only issued in the 2012 San Francisco Silver Eagle Set.- 224,935

2012-S: Proof mintage includes coins included in the 2012 San Francisco Silver Eagle Set and 2012 Making American History Coin and Currency Set. - 281,792

Ever tried. Ever failed. No matter. Try Again. Fail again. Fail better. Samuel Beckett