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More commems today; so what?

Today the second commemorative coin program of 2011 begins. Going on sale are the Medal of Honor $5 gold piece and silver dollar.

Are you excited?

Do you feel like you did back in 1982 when your ordered the Washington commemorative half dollar or when you placed your order for the 1984 Olympic $10 gold piece, the first U.S. gold coin struck since 1933?

You don’t?

Neither do I.

With all due apologies to the subject matter, the element of excitement is missing.

Is it because they are so many commemoratives?

Could be, but last year we got excited by the Boy Scout dollar. In 2009 we loved Lincoln.

Is it the recession?

Could be. More of us are minding our wallets more closely.

Have the escalating prices of gold and silver pushed the coins out of reach?

The pre-issue discount price of the proof $5 is $449.95. The uncirculated is $439.95. Ouch.

The proof dollar is $54.95 and the uncirculated is $49.95. Double ouch.

I think that’s it.

My fond memories of Washington halves and Olympic $10s can’t overcome my price resistance.

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5 Responses to More commems today; so what?

  1. Mark says:

    It’s like interleague play in Major League Baseball. When it first started in 1997 and the Mets played the Yankees, or the Cubs played the White Sox or the Dodgers played the Angles, it was exciting. Now they play each other 6 games a year, it’s just another series.

  2. Tom Snyder says:

    The fate of the Washington Commemoratives has become the price of metal. Not very exciting. Or is it?

  3. Mike says:

    Never have boght them and I never will.Would rather go to the bank and spend 450 dollars on rolls of dimes and get my silver for face.

  4. Jim says:

    Yep. Those are the two primary reasons I won’t buy them either – we’re inundated with way too many modern mint products and they are way overpriced. The Mint is too greedy these days!!

  5. Blake Sampson says:

    Wait…an organization — the Congressional Medal of Honor Foundation — works for a number of years to get legislation passed so it can offer a coin for people who are interested in celebrating the Medal of Honor’s 150th anniversary and the special people who received it, and also raise funds for its programs encouraging young people to serve the community above the call of duty (at no cost to the taxpayer, by the way), and you trash it on the day it is released because you happen to be tired of commemorative coins today?

    Sorry, pal…I guess you’ll just have to be with your "fond memories of Washington halves and Olympic $10." Some of us are pretty excited about this coin and what it celebrates. Thanks for sharing your depression.

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