rkj (03/24/83)
I'd like to get the opinion of netland coin collectors on the potential numismatic value of the US Olympic Gold coins. The last price I saw for the gold coin + 2 silver coin set was $410. Since the silver coins can be purchased separately for $29, that puts the gold coin at $352. The gold content is .538 oz, so the coin's gold is valued at about $650/oz. Since the gold in these coins is greatly overpriced at today's gold prices ($410-420), the only motivation for buying these coins is either for numismatic appreciation or simple beauty. I'm told there will be about 10 million minted. Isn't this a rather high number? If so, these coins will be rather common, thus becoming more of a bullion rather than a numismatic item. My questions for the knowledgable coin investors on the net are: 1. What kind of track record do commemorative coins (US) show? 2. Given the projected mintage for the Olympic coins and the dismal sales of the gold commemorative medallions, what is the numismatic potential for these Olympic coins? 3. If gold stays around today's levels for the next 6 months or so, would it be better to pick up these coins on the secondary market, and what price could be expected? Rick Janka BTL/Naperville, Illinois ...ihnss!ihldt!ihtnt!rkj (I think)