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2017 Boys Town Centennial Coins

Discussion in 'PM's - Coins - Numis - Base Metals' started by Starter, Mar 7, 2017.



  1. MrLucky

    MrLucky Silver Member Silver Miner

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    ^^ Not quoting that.

    I guess you have to be a commemorative collector for this to make sense. What's the difference between an ugly low mintage comm. coin and an ugly low mintage spouse?

    Not quite sure I agree with the "propel their market price upward" statement, as you need collectors who want this coin. And at a time when they can easily buy it, so far there seems to be only 1946 of them out there.

    And a tip-of the-hat, to you. https://en.wiktionary.org/wiki/tip_of_the_hat
     
  2. 90%RealMoney

    90%RealMoney Midas Member Midas Member

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    All one needs to do is look at the 5 ounce ATB series. Low Mintage isn't everything. The coin must be desirable as well. 2012 was the perfect storm for that series. Great designs, AND low mintages. 2014 is a good example. Sand Dunes and Arches have the same mintage in the bullion issue. Arches has 5,000 more "P" coins than Sand Dunes, yet Arches commands a higher price than Sand Dunes, in both issues. It's a better looking design. Right now Douglass is priced higher than Ozark, which makes no sense at all to me. I think the Ozarks will surpass the Douglass in price, which makes the Ozark a good buy right now. I've been himming and hawwing about the Boys Town Silver $! Commem. Nice low mintage, but poor design, and little interest. Gonna be years before that coin gets any respect.
     
  3. hernancortes

    hernancortes Gold Member Gold Chaser

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    I don't think the ugliness of Boys Town is too much of an issue. Jackie R. is ugly and once commanded almost $5K. It being a potential deep key is the important thing. The problem for the $5 gold series is coins like the burnished plats and spouses re-defined what low mintage means. Jackie was the low mintage modern King and now it's like 75th place or something. Also the modern numi coin market currently sucks in general. A new gold bull is required, which should breed a new numi bull and then we'll see what happens next.
     
  4. 90%RealMoney

    90%RealMoney Midas Member Midas Member

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    Yeah, rising tide tends to make everyone happy. I noticed even the Buffalo Commemorative Silver coin can be bought for less than it went for 10 years ago.
     
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  5. MrLucky

    MrLucky Silver Member Silver Miner

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    Pops of 10/15/17

    17CA - Boys Town Gold - $5 PF --- 1,422
    17CB - Boys Town Gold - $5 Unc. - 2,103
     
  6. b_cahill

    b_cahill Seeker Seeker

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    Sales of the gold unc have picked up.
    Numbers as of 11/26:

    BOYS TOWN GOLD PROOF - 1480
    BOYS TOWN GOLD UNC - 2480
    BOYS TOWN SILVER PROOF - 24762
    BOYS TOWN SILVER UNC - 10300
    BOYS TOWN CLAD PROOF - 16808
    BOYS TOWN CLAD UNC - 14572
    BOYS TOWN 3-COIN SET - 5266
     
  7. savvydon

    savvydon Gold Member Gold Chaser

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    They sure need to sell a lot of those in a month for them to not become the series key. Looks like a slam dunk to me.
     
  8. Starter

    Starter Silver Member Silver Miner

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    Incredibly low numbers!

    I am glad I bought 1 gold unc already this year.

    Here are some arguments against buying the coin again:

    1) The coin is ugly--probably the ugliest one in 10 years or so.
    2) First Spouse coins are available at the same time as this one.
    3) Last year's purchases were too much, and restraint is in order now.
    4) Bitcoin is on a rampage--some are saying that it will replace gold.

    Decisions, decisions...
     
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  9. savvydon

    savvydon Gold Member Gold Chaser

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    Bitcoin may be competing as an asset with gold, but I think it is pretty safe to say that it won't be replacing gold anytime soon. 2c
     
  10. hernancortes

    hernancortes Gold Member Gold Chaser

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    Now on backorder, which I suppose means they are striking more? Not sure.
     
  11. MrLucky

    MrLucky Silver Member Silver Miner

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    Probably just checking inventory. Why incur the costs to mint, what, 500 more? When this is already a very slow seller. Is there some hidden pent-up demand to warrant the costs to mint more? I'm guessing they are going to put a fork in it soon.

    This issue will redefine the term "deep key".
     
  12. b_cahill

    b_cahill Seeker Seeker

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    Last edited: Dec 7, 2017
  13. MrLucky

    MrLucky Silver Member Silver Miner

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    ^^ the edit was at 2:08 pm.

    And now at 10:31 am est, the Mint says "sold out". Guess they decided to not mint more.....
    BoysTown-sold-out.gif

    Note: I ordered one of these when the status was backorder. Now it's sold out. My account status still says "backorder". It's going to be interesting to see if they cancel my order or whether I took the last one..... I'll keep you posted. I also got free shipping.

    At 10:52 am est, Ebay is now $1,000 + for the coin in MS70
     
    Last edited: Dec 8, 2017
  14. Starter

    Starter Silver Member Silver Miner

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    The early bird catches the worm!

    Looks like my chances of ordering a 2nd one have gone down dramatically.
     
  15. hernancortes

    hernancortes Gold Member Gold Chaser

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    So quite a short strike most likely. Which means the 2018 unc Breast cancer $5 gold (on sale in March) will probably be short struck also.
     
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  16. MrLucky

    MrLucky Silver Member Silver Miner

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    My CC was just charged. So I guess it's coming before 12/28. It was probably the last one they had. I only ordered it Thursday afternoon.

    I think they will make a fair amount (more than this one) of the 2018 coins. That issue is quite popular. Just so long as they don't tint it pink.
     
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  17. hernancortes

    hernancortes Gold Member Gold Chaser

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    The mint tends to strike fewer coins than year prior for a given issue, except if there's a reason they would anticipate greater demand. Breast Cancer awareness is a more popular cause, but the coin design is stupid.
     
  18. b_cahill

    b_cahill Seeker Seeker

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    Sales as of 12/10:

    GOLD PROOF - 1575
    GOLD UNC - 2999
    SILVER PROOF - 25407
    SILVER UNC - 10701
    CLAD PROOF - 17142
    CLAD UNC - 14802
    3-COIN PROOF SET - 5365
     
  19. MrLucky

    MrLucky Silver Member Silver Miner

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    For the gold uncirculated it looks like they minted 3000

    12/3 -2696
    12/10-2999

    went "out of stock" on 12/8

    and still no "jackie" love.
     
  20. savvydon

    savvydon Gold Member Gold Chaser

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    I see a market squeeze coming with Boys Town Unc benefiting those that jumped in. I didn't, mind you, but by taking them off three weeks early the mint has created a clear winner in the race to scarcity.
     
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  21. Starter

    Starter Silver Member Silver Miner

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    I guess there were plenty of collectors who set aside money for 10 or more of these coins, but didn't get a chance to pull the trigger, being caught off guard--as they did not anticipate the coins selling out this early.

    Perhaps those same collectors may decide to put their money in the best candidates for the First Spouse keys...
     
  22. savvydon

    savvydon Gold Member Gold Chaser

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    Sadly, I don't think the end of the year will produce a big winner in the spouse series. The numbers are closely clustered, and any 'key' will therefore be watered down. The Boys Town surprised everybody and finishes with a pop well below anything from the preceding 30 years of the series.
     
  23. MrLucky

    MrLucky Silver Member Silver Miner

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    12/17 -- 2995
    12/24 -- 2994

    Someone returned one?
     
  24. Starter

    Starter Silver Member Silver Miner

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    New sales numbers...

    Besides the gold unc finishing under 3000, the clad unc beats last year's record number, if I recall correctly.

    Even the silver unc ended very low.
     
  25. Starter

    Starter Silver Member Silver Miner

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    With the extremely low sales for the 3-coin set, even the proof coins have low mintage, except for the silver proof.
     
  26. Buck

    Buck Gold Member Gold Chaser

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    I think, for a modern commemorative proof, silver dollar strike, I think 26k is a Winner, 1st place
     
  27. MrLucky

    MrLucky Silver Member Silver Miner

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    If this holds true, then next year should be a new key.

    On the other hand if this also holds true, eventually, The Mint would not have to mint a next issue eventually. (downward spiral to zero).
     
  28. Starter

    Starter Silver Member Silver Miner

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    Using the same design for the 2018 gold, silver, and clad is a disappointment for me, but I think the popularity of the theme is better than the 2017 coins.

    I will probably sit out the 2018 commems unless the mintage somehow projects to set a new record, when I look at the numbers this year.
     
  29. Starter

    Starter Silver Member Silver Miner

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    Out of all the Boys Town coins, I bought 1 gold unc, 6 silver unc, and 4 clad unc coins.

    I underestimated the gold unc, but I am confident that the silver and clad unc coins will do well because of their low mintage.
     
  30. Starter

    Starter Silver Member Silver Miner

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    The gold and silver unc coins have started to move upward in price on eBay, but not the clad unc.

    I guess there is not a big market for the clad coins, but I can wait several years to see what happens.

    Let's hope that this great year for commems helps spark interest in previous years, particularly last year's NPS coins...
     
  31. Starter

    Starter Silver Member Silver Miner

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    In hindsight, a 2nd boys town gold UNC would have been a better buy than bitcoin.

    Silver and gold UNC prices have risen, especially for 70s.

    Time to prepare for sending some coins in for grading.
     
  32. savvydon

    savvydon Gold Member Gold Chaser

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    Hindsight is always 20/20:D
     
  33. Starter

    Starter Silver Member Silver Miner

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    Indeed.

    Of course timing matters, but I ended up spending the price of one Boys Town gold unc (and a little more) on bitcoin in December, a few days after the Boys Town gold unc sold out.

    The main question mark holding me back a few days before then was that I wasn't sure the coin's low mintage would translate to higher premium, due to the coin's ugly design. Now, as can be seen by prices on eBay ($1100 for an MS70), mintage is the overriding factor in this scenario. Even when looking at last year's NPS coin in comparison, which is widely recognized as having a much better design, a 2nd place low mintage number is not enough to propel its price from its slump in the mid-$500s, after inevitably falling from the key position over the last half of 2017.

    Here are the current sales numbers:
    I will be taking a close look at my gold, silver and clad unc coins, particularly the silver, in preparation to send some of them in for grading.
     
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  34. EO 11110

    EO 11110 He Hate Me Mother Lode

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    boys gold uncirc is a ridiculous low number --- next closest is 5k+ mintage, no? interesting that the mint shut it down early. did they give any explanation? previous years flirting with becoming new key saw surge in buying at last minute, pushing them over 5k. mint CHOSE TO create this key....is that right?
     
  35. Buck

    Buck Gold Member Gold Chaser

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    I'm in agreement with something I previously read where the US Mint "chose to create this key" by simply responding to production limitations, rather than consumer demand, as the ROI, would be too low, to produce any last few requests by their customers.

    short tale

    a few years ago, I gave up on buying from the mint, because everything I bought ended up certified, and as a small time submitter, that got expensive for a lot of 69's and a few 68's

    I mostly changed my ways:
    I did keep up with the Unc Silver Dollar and bought in, earlier in the year, already certified, in the grades I prefer, like I've done in years past, and as I'm not buying gold these days, besides, the GSR favors silver purchases today, and as I took my eye off the ball, basically, I missed that boat.

    I'm now jealous, as it goes, but am satisfied with the potential of the Unc Silver Dollar relating it to the mid 90's when there were more offerings than the market could handle. That made, once upon a time, LOL, for lots of good key dates, but no longer

    :beer:

    IIRC, back then, that was shortly before Congress decreed, there would be only two offerings of certified silver dollars per year.

    And for the true aficionado, the only "true" half eagle the US Mint has in it's inventory, same weight, same designation, same basic coin as was officially decreed

    The US Commemorative Series:
    The Last of the Real US Money!

    and it's still being made

    DYODD
    I did and I didn't
    LOL

    i've got room for imporvement
    LOL
     
  36. savvydon

    savvydon Gold Member Gold Chaser

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    Trying to figure out what the mint intentionally does or doesn’t do is like reading tea leaves. My guess is that they do things that reflect on internal circumstances mostly unknown to the public, rather than trying to overtly manipulate the collector market.
     

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