Comments on: 2012 Annual Uncirculated Dollar Coin Set Available

By: Homer

Homer — Wed, 12 Sep 2012 22:57:09 +0000

I think the random grading will help keep things exciting. However, I think instead of just giving 69 and 70’s, they should use every number and that way people that got 69’s would be really happy. Heck if you got a 36 or above you would be doing good. Maybe the mint could follow baseball cards lead and have randomly inserted chase and error coins.

By: jim

jim — Wed, 12 Sep 2012 19:50:38 +0000

LOL – you’ve given this some thought. You left out the option where we can order the grade we want from the mint/grader rather than a random grade assignment – a grade 70 coin at a premium or grade 69 at a discount.

Coin collecting started with looking through one’s pocket change – that’s where the fun was. Now with credit cards and mint web sites that’s all gone away. Still doesn’t explain why we need millions of new pennies every year.

By: Homer

Homer — Wed, 12 Sep 2012 17:04:09 +0000

I hang the mint packaging on the wall as artwork which is what it really is.:)

Why don’t they just have an option where the mint ships them to the grading company and the grading company sells them for us and they pay the mint and the mint just sends us a check for the profit. That is all we are really interested in anyway. However, maybe a better way is instead of a coin set they send a piece of paper and then that way the mint doesn’t even have to mint the coins. Kind of like futures. They can have a lot more releases and there would never be delays as long as they can keep the printing machine going. Although as backup, pens and paper can be used. You send your
piece of paper in and they randomly assign a grade and you just sell your piece of paper. Grading company wouldn’t need as many people, so they could lower the price of grading. The graders wouldn’t need any expertise either. We really need to get away from physical coins which have no meaning nowadays. If someone steals your piece of paper, they can just send you another one, maybe with a higher grade. They could just email you the piece of paper, but I think they should send it in mail to help out the Post Office. What happened to coin collecting for fun?

By: Joe

Joe — Sun, 09 Sep 2012 15:52:19 +0000

I don’t think it will be anytime soon jim. Thanks.

By: jim

jim — Sun, 09 Sep 2012 06:34:09 +0000

Joe –
You can do it now but you need to confirm with your NGC consultant that they will recognize the address line with your customer ID and use prestored information for billing and shipping to you after grading. They may already do something like this for select customers – they just don’t advertise it. I’d be interested to know how well it worked for you.

By: Joe

Joe — Sun, 09 Sep 2012 03:00:38 +0000

I would give it a try, if it ever happens.

By: jim

jim — Sun, 09 Sep 2012 02:22:51 +0000

I know I said details to be determined but thinking about it more, the ship to address already available with an order could be used as the address for the grader. No reason for the mint to pick or vet the graders. One of the address lines could be used for the grader customer ID (possible privacy concern). The grading company handles the billing and ultimate shipping based on the grader customer ID and their previously stored credit card and ship to information. So in effect this could be done today. What’s missing is the minimum/no packaging option, something the mint could implement but still not necessary to make happen today. There might have to be some notification and/or modification to the grader’s process but I’m sure if enough people did this they’d be happy to oblige with any changes required. They would likely be getting more business with a direct ship option.

Ronnie – I understand your concern and desire to see the coin first before grading. There’d always be the question of is this the coin that fulfilled my order from the mint or just a coin the grader picked out of a bunch of coins and put my name on it (of course that’s what the mint does, too). Also I assume you were able to return the coin to the grader for reparation. That would probably not be possible with the direct ship option. I too like to look at my coins as they come from the mint since I usually deal in ones and twos. If I went to volume as Joe does when flipping, the direct ship option might be a more reasonable way to handle the whole process. Cherry pick the ones you want to keep and sell the others.

All this to say you can do option 3 today if you don’t want to look at your coins first.

By: Joe

Joe — Sat, 08 Sep 2012 19:58:44 +0000

RonnieBGood, I’m *lol with you. I was born at night, but not last night. LOL.
P.S. I don’t text, it drives my wife & kids crazy. But their driving me crazy with their texting. That’s all they do.

By: RonnieBGood

RonnieBGood — Sat, 08 Sep 2012 17:13:39 +0000

ooops. I meant involve not evolve in the post above (^&*#$ spell check) . ha ha

Homer – yeah, packaging is everything… let’s throw the coins away or spend them and get the packaging graded!! LOL

By: RonnieBGood

RonnieBGood — Sat, 08 Sep 2012 16:30:43 +0000

The Mint and USPS are both Government divisions and I seriously doubt that they will ever ship directly to a grader. This would evolve one or two companies being shown favor. Also it gives you no chance to examine your coins. I got a “68” back from a grader with 5 large marks across the reverse. If the step of getting my coin was skipped I would have never known that this was done at the graders. It was fine when I received it from the Mint.

I am too in favor of a no packaging option (it just drives up the cost). For most of the older sets people did not keep the packaging because they did not fit well and took up too much room in safes and safety deposit boxes. The anniversary and wooden boxes with the magnetic inserts do make a great display for both raw and graded coins so it would be good to have both options. I will pass this info on to the Mint. Great ideas.

p.s. for the old timers not up on texting… “lol” means it is said as a joke.