Comments on: Lions Clubs Silver Dollars Log First-Day Sales of 25,170

By: jim

jim — Fri, 27 Jan 2017 17:26:48 +0000

In reply to joera.

joera –
Price was surely a factor (at $999 for the 4 gold, 1 silver set) and when I saw the set I probably just assumed that the silver eagle was a P mint which was being offered separately for only $23. Not a hard choice to make.

But, like you said “if only I had known…”.

By: joera

joera — Fri, 27 Jan 2017 10:31:09 +0000

jim
The 1995 W American Silver Eagle is “THE” coin to have for sure! I think the main reason the mintage was low on it was because it came in a set that had, I think, four gold coins which made it out of reach for some collectors to buy. Like they say: “If I would have known then what I know now” I would have even gotten a loan to get the set! At just about any rate! But I do think some collectors knew the ’95 Silver Eagle was going to pay off big time but just could not afford to buy the set. That’s another thing that makes this hobby fun and frustrating at the same time.

By: jim

jim — Thu, 26 Jan 2017 05:39:20 +0000

joera –
I’m glad you’re excited about this hobby. Every once in a while you’ll be able to buy a coin from the mint that will be worth so much more than one would think it should be in the long run. For example, the 1995 10th anniversary American eagle set which contained the first W mint silver eagle or the 1997 uncirculated $5 gold Jackie Robinson commemorative coin. Both of these coins ended up being worth significantly more because of their rarity and popularity.

By: joera

joera — Wed, 25 Jan 2017 22:58:07 +0000

Seth
Thanks. This hobby has a lot more to it. That is if I want to learn more about it which I do. When I first started years back I just wanted old silver coins. Now I also buy modern coins, medals and bullions. In other words I’m being smarter about what I buy and when I buy what. When the price of silver and gold are down I buy more bullions. When the price is up I buy more numismatic coins. Or I try to follow that formula. Sometimes it depends on the mint and when they put some items on sale. I know there is a lot more to learn and I’m excited about it.

By: Seth Riesling

Seth Riesling — Wed, 25 Jan 2017 09:47:38 +0000

joera –

There are way too many variables in each commemorative coin program to tell what that magic # is for making a net profit (price of metal, labor, dies, packaging, advertising etc.). But, the Mint is required to publish the amount given to the charities, or not, after a reasonable period after the end if the year after they do a final audit of all sales & costs. Since 1982 when the modern commemorative coin programs began, the Mint has forwarded to charities listed in the program public law approximately $500 million in surcharges paid by Mint customers for such coins on the programs that made a net profit.

Happy collecting!

-NumisDudeTX

By: joera

joera — Tue, 24 Jan 2017 17:59:17 +0000

jim
So true.

By: jim

jim — Tue, 24 Jan 2017 17:27:17 +0000

joera –
The US Mint could give you that answer to the penny if they weren’t so tight lipped about everything that goes on there.

By: joera

joera — Tue, 24 Jan 2017 12:43:57 +0000

Seth
Do know how many coins it would take for the mint to make the profit needed to pass on the surcharge? Or roughly anyway?
By the way.. the first thing that pop in my head when I saw the lion’s mane was.. Farrah Fawcett. lol Now I hope no one gets hurt or offended by my comment but the way some of these post have turned out here there’s no telling any more how people will react to comments here. It’s a shame how some comments have turned out. We are all entitled to an opinion and that’s great and all but it seems like some people for got why we read these articles in the first place. For me it’s to gain information and learn a thing or two from some of the people that post comments here. I admit that I also may have gotten of subject but I wish it would all be about our hobby of collecting coins.

By: Seth Riesling

Seth Riesling — Mon, 23 Jan 2017 22:42:45 +0000

The Lions Clubs Foundation charity only gets the $10 surcharge per coin paid by US Mint customers (not tax-deductible) if the commemorative coin program makes a net profit. Otherwise the Mint keeps the surcharges.

-NumisDudeTX