By: Stuart Wheeler

Stuart Wheeler — Wed, 12 Nov 2008 16:30:06 +0000

Given the current state of the economy, I’m not surprised that the Mint has had to slash much of the American Eagle programs. With cash being scarce these days, it is difficult to make substantial purchases for American Eagle Programs; gold and platinum. Even with the cuts that the Mint has announced, there are still other ways to spend alot of money on other Mint programs. Namely, the Ultra High Relief coin; Commemorative Coin Programs; Presidential Dollars and Gold Spouse coins; Territorial Quarters and Lincoln Coins. And on and on. The sole purpose of the Mint is to provide coinage for daily transactions…nothing more and nothing less. For many years in the 1950s and 1960s…all there was to buy were annual mint sets and annual proof sets. That’s it. The Mint has really become a commercial coin store and I admit, it went overboard in many areas of products. As stated before, the Mint is not obligated to produce any numismatic products beyond circulating coinage year in and year out. They are doing us a favor by providing products for us to purchase. The point is, they are doing what’s best in slashing products that are not selling well but keeping products going which meets the basic needs of all collectors. Thank you for reading these comments.

Comments on: US Mint Eliminates 22 Gold and Platinum Coins – Best Buys Now, Before They’re Gone

By: Stuart Wheeler