Hi everyone, my name is Marco. I'm new to the forum but eager to participate in the topics!

I recently purchased several Grace Kelly Commemoration coins of 2 Euros at 110 euros a piece. They are the most rare commemoration coin ever produced, and only twenty thousand have been minted. I could sell them staright away for approximately 230 euros a piece, but I was wondering if they would be worth considerably more in six months time, or maybe even a year?

What are your opinions?

Many thanks, Marco.

well myself i dont have the money to buy "good" coins but if i had one i would wait for the six months and if t goes up in price keep it for another!!

20.000 is huge mintage in comparison with romanian commems, for example. 500 pieces is the most common mintage in past years in Romania (exists andmintage of 250 pieces and even of 150!). You can buy now for 150 euro the most rare "Treaty of Rome" commem coin: the romanian silver 5 lei -also minted in 500 pieces. All the people I've talk says that the price is too high, so in my oppinion 230 euro for a 20.000 issue is enormous. But you're right, even if the ebay is full of offers of Grace Kelly euros, all are sold at that price. I wonder if the price will remain so high in next years.
And, welcome here!

As for the current price, well, it is awfully high indeed, but there are reasons for that. That coin (more about it is here http://www.coinpeople.com/index.php?showtopic=14153) is the very first €2 commem issued by Monaco. Then, Grace was a star in Europe and in America, so the "theme" of the coin may be quite popular. Also, while 20,000 may sound like a lot, keep in mind that the "rarest" €2 commems so far have had mintages of 100,000. And finally ... the dealers who sell the Grace €2 coins will not have bought them at a price of 2 euro.

So yes, €230 or so would be way too much for me. But collectors who want to have a complete set of €2 commems, including those from the non-EU countries (MC, SM, VA), will have to decide whether they buy this one or leave it out. Now how much people will pay for it in a couple of months ... no idea.

Christian

Dear Marco

Warm greetings, Edited to comply with forum rules on sales/purchases/trades. Please respect the rules. You must have been a member for 30 days and have at least 25 posts before participating in such activities.


best regards
Rajesh Kamath

In my humble opinion I think that there´s a lot of speculation around that coin...

I jumped on this coin very quickly and got it for $16.00 plus $8.00 out of Europe (Germany) and right now I am feeling pretty good about it. Just wish I had purchased a few more at that price as they escalated quickly.

Hmm, are you sure you got the actual coin, not one of these (possibly Belgian) medals? Check the obverse (with the Grace portrait) and see if it has the artist's signature and whether the stars are in the correct position. On the reverse (common side) a coin says "2 EURO" while the medals, made by private third parties and usually labeled essai, say something like "2 E" instead ...

Christian