Commemorative coins like this are usually sold at a significant markup (even beyond the fact a “silver dollar” has about $30 worth of silver at today’s bullion prices. Some of the markup is often set aside for a fund-raising purpose.
These will go directly into the albums of coin collectors, who to be blunt, tend to skew old, white, and MAGA. (If you go to a coin show, there will be plenty of right wing and Trump paraphernalia).
The ironic thing is that “really successful” commemorative coins tend to not appreciate well, because they glut any market. The most valuable modern coins tend to be either stuff that was deliberately underproduced (example: the 1996-W silver eagle that was only available with the purchase of almost two ounces of gold coins) or stuff that was ugly and unexciting and so they produced far less than the original allotment.
There are plenty of people who drag down their inheritance of 1970s proof sets, mail-order/shop-at-home products that are $10 worth of coin in $100 worth of packaging, high-markup bullion items, and market-glut commemoratives, just to discover that Grandpa should have bought AAPL instead. Often the “investment” didn’t even beat inflation, and in the worst cases, they actually lost money in nominal dollar terms. I suspect a bag full of Kirk dollars would be a red flag to any appraiser in 2050.
These coins will never circulate.
Commemorative coins like this are usually sold at a significant markup (even beyond the fact a “silver dollar” has about $30 worth of silver at today’s bullion prices. Some of the markup is often set aside for a fund-raising purpose.
These will go directly into the albums of coin collectors, who to be blunt, tend to skew old, white, and MAGA. (If you go to a coin show, there will be plenty of right wing and Trump paraphernalia).
The ironic thing is that “really successful” commemorative coins tend to not appreciate well, because they glut any market. The most valuable modern coins tend to be either stuff that was deliberately underproduced (example: the 1996-W silver eagle that was only available with the purchase of almost two ounces of gold coins) or stuff that was ugly and unexciting and so they produced far less than the original allotment.
There are plenty of people who drag down their inheritance of 1970s proof sets, mail-order/shop-at-home products that are $10 worth of coin in $100 worth of packaging, high-markup bullion items, and market-glut commemoratives, just to discover that Grandpa should have bought AAPL instead. Often the “investment” didn’t even beat inflation, and in the worst cases, they actually lost money in nominal dollar terms. I suspect a bag full of Kirk dollars would be a red flag to any appraiser in 2050.