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Reagan set: sellout, laggard or something new?

The end of the Presidential dollar series occurs next year.

Will it be with a bang or a whimper?

We know there will be a Coin and Chronicles set honoring Ronald Reagan with a reverse proof Presidential dollar in it.

Will any of the enthusiasm for this year’s sets remain by the time of the issuance of this final set?

Veteran collectors will smile knowingly and offer a noncomittal answer.

It depends.

It depends on mintage.

Will the number be set correctly?

For Harry S Truman and Dwight D. Eisenhower the 17,000 number set off a sales stampede.

Sellouts were immediate.

Secondary market prices soared.

For John F. Kennedy, sales were massively higher, but it took a while to reach the 50,000 ceiling. It was not an immediate sellout

Secondary markets suffered accordingly.

The Mint recovered with the 25,000 mintage Lyndon B. Johnson.

Knowing this, where would you put the mintage?

If you think you will be able to obtain a set from the Mint, the 17,000 to 25,000 totals hold great allure.

Such numbers likely would assure a profit when sold on eBay.

A 50,000 total is a more reasonable number as the Gipper is probably at least as popular as the hero of P.T. 109.

However, such a high mintage will cause anguish and doubt in speculator circles.

The Mint might even be able to justify a higher mintage.

As a last set, collectors often buy just because it is the last of something.

2016 is an election year. People are grumpy. In the rosy glow of memory when life seemed simpler and safer compared to today, Reagan’s sunny public personality might attract a few more coin buyers.

Even competitive political juices could be flowing to a sufficient degree for some to want the set as a memento.

Such “stroll down memory lane” conditions could justify a sales number of 100,000. That would make the Mint happy. But it would overwhelm any chance of an easy profit on the secondary market.

What’s the Mint to do?

Create something different.

How about a Reagan American Eagle set?

After all, the Eagle bullion coins were invented during his administration.

Buzz blogger Dave Harper has twice won the Numismatic Literary Guild Award for Best Blog and is editor of the weekly newspaper “Numismatic News.”

• Check out the 2016 U.S. Coin Digest for the most recent coin prices.

 

 

 

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4 Responses to Reagan set: sellout, laggard or something new?

  1. hrlaser says:

    “Knowing this, where would you put the mintage?

    “If you think you will be able to obtain a set from the Mint, the 17,000 to 25,000 totals hold great allure.” – they should make ONE, and then throw it in the trash.. Ronnie baby and his “trickle down economics” agenda began the ruination of the US economy.. and he was every bit as UN-qualified for the Presidency as Ahhhnold was to be Governor of California.. meanwhile, Jimmy Carter gets cheated out of having his own Presidential Dollar because he’s still alive, and no living people (as opposed to allegorical or generic people, such as the generic soldiers on the West Point coins or the generic soldiers on the US Army coins..) are allowed on US coins and currency.. well, that’s an absurd law.. someone has to explain to me how Eunice Kennedy Shriver, JFK’s Sister, was on a monetized Special Olympics Commemorative dollar and she WAS alive at the time..

    “A 50,000 total is a more reasonable number as the Gipper is probably at least as popular as the hero of P.T. 109.”..

    Reagan was “at least as” popular as JFK? Total, utter nonsense. You can’t possibly be serious..

    Nixon should be disqualified from being on a Presidential Dollar because he WAS a crook, and resigned. and so did Agnew, for tax evasion, so we end up with Ford in the White house.. a President who never received one single electoral vote.. how many Presidents going back to Washington resigned from office?.. if Nixon hadn’t resigned, he would’ve been impeached and convicted and jailed.. so he quit after articles of impeachment were filed against him..

    And if Eunice Kennedy Shriver qualified to be on a Commemorative Dollar while she was alive, so should Jimmy Carter..

    Just my 50 x 2 cents worth..

  2. wolf7 says:

    The above named were Presidents, and consequently they are worthy of being depicted on the Presidential coins. The assertion that Reagan and his policies triggered the ruination of our economy from which we have not yet recovered is laughably absurd. Luckily the program has not been tainted by political considerations.
    As for living presidents not being depicted, that’s basically a good thing, if for no other reason that keeps Obama out.

  3. Tom D in SC says:

    In keeping on point….I don’t think the Mint should be concerned at all what the secondary market will do or will not do or how much they will complain that they can’t make a profit (they’ll survive). It is not the Mints job to worry about how the secondary market will respond.
    The Mint should manufacture enough to meet expected demand, not to short production so somebody can jack up the price hundreds of times the mint’s sale price at the expense of everybody else who wanted one. They gouged the Truman demand to ridicules heights.
    Perhaps its time they consider the public over profits and let the secondary market find its own level.

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