Comments on: 2018 Breast Cancer Awareness Commemorative Coin Pricing Announced

By: Mike Unser

Mike Unser — Wed, 28 Nov 2018 17:39:08 +0000

In reply to Coin Bug. Yep, your math is correct.

By: Coin Bug

Coin Bug — Wed, 28 Nov 2018 16:22:53 +0000

How much gold is in the $5 breast cancer awareness coin? Is it calculated like this? 7.931 * .85 = 6.741 grams, 1 oz gold = 31.1 grams so 6.741 / 31.1 = .216 oz of gold ? Is my math right?

By: Ernesto

Ernesto — Fri, 16 Feb 2018 17:52:10 +0000

@Cincinnatus – I don’t think most people buy modern commemorative coins for investment purposes. They usually buy them because they have some connection to the theme of the coin or they want to have a complete set. I do agree with you that if they want to support a cause it’s definitely better if they donate money directly versus buying a commemorative coin!!

By: yorbasasa

yorbasasa — Tue, 30 Jan 2018 15:02:18 +0000

I am strongly agreed with you. Never sell the expensive ones in EBay too. Just sell it to coin shops. I had a worse experience : selling the real silver proof eagle,and return for fake one.

By: Cincinnatus

Cincinnatus — Tue, 30 Jan 2018 14:46:07 +0000

With a spot price of $17.27 (currently) plus $10 surcharge, that leaves $24 for the mint to produce this coin and package it. That is assuming they sell out and pay the cost incurred. On a good day this coin will resell from a dealer for $5 to $10 above spot which means you will sell to a dealer for a couple of dollars over spot. Commemorative coins are a horrible investment unless silver goes to near $50. The clad coins are worse – they are basically junk drawer status.

I respect the cause but it would seem to be better to just donate $50 to the charity and take the tax write off.

By: John D Moore

John D Moore — Mon, 29 Jan 2018 20:58:36 +0000

Seth I agree.The mint should also be accountable for the money that does not make it to the charities.

By: Seth Riesling

Seth Riesling — Mon, 29 Jan 2018 18:01:03 +0000

Mike Unser –

The last sentence in this article might need some clarification (the Mint also needs to put this disclosure/disclaimer on its brochures like it did for a short while, but did not on this year’s first commemorative coin program that started earlier this month or on last year’s two programs brochures). The U.S. Mint only pays out the mandatory surcharges paid by customers to the designated charities only if the programs make a profit after ALL expenses incurred by the Mint. Otherwise, the Mint keeps the surcharges & nothing is paid to the charities (this has happened a number of times in the past few years).

-NumisdudeTX