Comments on: US Mint Sales: Kennedy, Quarter, and Shawnee Products Debut

By: Seth Riesling

Seth Riesling — Fri, 04 Mar 2016 01:23:51 +0000

Whistler –

I have always stated here that the Mint’s silver coin prices are way too high & no pricing grid for silver products is not fair & about 3 weeks ago I quoted U.S. Mint Principal Deputy Director Matthew Rhett Jeppson as saying in the Mints fiscal year 2015 report that the U.S. Mint mailing list that was at around 1.5 million customers when he came to the office has dropped off considerably in that last year reporting period! I have 4 nephews & they love coins but can’t afford them, so I buy what I think they will like from the Mint, but I also buy older items from dealers & like you almost always get past (1982-2000) commemorative coins they didn’t have in their collections for less than issue price in OGP & even some slabbed by PCGS in 69 grade for less than issue price! They are not investments for me, but a lifetime hobby only & will be passed on to them when I pass on.

Happy collecting everyone!

-NumisDudeTX

By: Whistler

Whistler — Thu, 03 Mar 2016 21:14:35 +0000

Seth, try l00king @ the pricing on the MT Sil$1 apporx. 3x spot+, subject is good, but todays kids & those under say 40 are NOT coin collectors, its a dying hobby. The mint really has not adapted to lower spot AG & has chose to rip off or charge as much $$ as it can, because it can! Combined with the BS HarryT & Ike C&C’s & the mint seemingly in the big boys pocket, the collector base is a little PO’d I think…& why buy now I just got the US Marshall Unc$1 for $23.20 in OMP….so patience can pay off……

By: Jp

Jp — Thu, 03 Mar 2016 14:33:10 +0000

Oh I think the only things they collect are… Apps !

By: drew scott

drew scott — Thu, 03 Mar 2016 13:57:44 +0000

I think you’re also implying that younger generations are collecting coins.

Doubtful.

By: Seth Riesling

Seth Riesling — Thu, 03 Mar 2016 03:22:56 +0000

Jp –

I too read Twain’s works in school. I loved “A Connecticut Yankee in King Arthur’s Court” & the original movie version too!
I guess the younger generations are missing out on some fantastic reading & learning. Just Twain’s famous quotes throughout his lifetime fill a book.
The Mint must have thought they would sell all 225,000 Kennedy 2014 silver 4-coin sets quickly, but many still sit in their fulfillment warehouse in Memphis, Tennessee & their is no cutoff date for sales of these sets! That special packaging alone cost them a pretty “penny” even though it wasn’t wood, it was a custom job at their packaging vendor. I guess they will sell out some year down the road.

-NumisDudeTX

By: Jp

Jp — Thu, 03 Mar 2016 00:36:47 +0000

I’m not surprised. I’m of the Mark Twain era of reading books in school growing up, but I feel that today’s youth have no idea or interest in Mark Twain, or that era of life.
I did not buy into the coin program myself. Mintage totals are way too high, but I’ll keep watching to see how sales go. If they are low enough by the end of the year I may pick up the gold proof and Unc.
I’m really surprised that the Mint is STILL selling the 4 coin silver Kennedy 50th Anniversary set. That’s pushing 2 years old. Is there a deadline on this one? The Mint must have made the full mintage totals on these or they would not have these to sell anymore. I suppose with the price of silver, it’s still a money maker.

By: Seth Riesling

Seth Riesling — Wed, 02 Mar 2016 23:25:29 +0000

I am still shocked at the low sales figures for the Mark Twain commemorative coins!
Only about 15,100 $5 gold coins sold & only about 68,000 of the silver $1 coins sold total including Proof & Uncirculated versions. These two coins have great designs on both obverse & reverse sides (Kudos to the U.S. Mint designers & sculptors-engravers!) What is the deal with such low sales?

-NumisDudeTX