Comments on: US Mint Numismatic Forum for Oct. 13 in Philadelphia

By: Joe

Joe — Wed, 07 Sep 2016 03:31:06 +0000

My opinion is Jeppson gets kickbacks from big dealers. What comes around goes around.

By: Seth Riesling

Seth Riesling — Tue, 06 Sep 2016 15:42:31 +0000

jim –

The circulating coin program is totally separate from the Mint’s numismatic products program (which has to operate at no cost to the taxpayers) & bullion coin programs of course. The Mint makes a much higher profit on its core annual products like proof sets & Proof American Eagles etc than the $2 over spot they charge for a bullion ASE coin (that $2 has to cover all costs of production also, so it is not all profit)
But demand is down for the Mint’s products for sure since 2014.

-NumisDudeTX

By: jim

jim — Tue, 06 Sep 2016 05:34:28 +0000

Seth –
I don’t think you understand. To Jeppson the marketplace is defined by bullion sales and circulating coinage. Of the bullion coins over 29 million are silver rounds, and circulating coinage amounts to 1.8 billion pennies, nickels, dimes, and quarters. The numbers that Mike publishes don’t show any returns and there’s no special packaging or plastic lenses for bullion and circulating coinage. So collector coinage is a tiny fraction of the market place and causes a vastly unproportional amount of headaches, demands, and expense. It’s no wonder that Jeppson would cater to bullion dealers and bank presidents. And one forum in Philly isn’t going to change that perception.

By: Mouse

Mouse — Mon, 05 Sep 2016 15:12:47 +0000

Greetings gentleman,

I believe it is important for all to put forth their option, good or bad. Free speech is essential to enact any possibility of change. I do agree with Seth that large scale meetings do involve large scale purchasers of bullion and numismatic options. We will never know what conversations take place behind closed doors. When it comes to what I like to purchase in the bullion and numismatic world, I always form relationships with mint professionals and bullion dealers. Never underestimate the power of voice and the importance of establishing a relationship with those who professionally work in the industry…or in this case, who read this site. At times like this, I always revert back to staking silver and gold bullion. In the numismatic world, not every coin can be a winner and there are always lean years when it comes to choice, so I take a break and fill the safe with bullion. Great reprieve. I highly recommend that if you are not already doing it, you should start. Taking a break from collecting numismatic coins and focusing on bullion re-sparks the passion. The balance between art and currency comes in many different forms. Happy collecting all.

Mouse

By: Seth Riesling

Seth Riesling — Mon, 05 Sep 2016 05:44:50 +0000

Tinto –

You are right about Jeppson’s meeting with only dealers last year. He seems to think that dealers rule the numismatic marketplace, but he is not a numismatist & doesn’t yet realize the simple truth that without true collectors there is no marketplace!
On the legislation for the 2019 Apollo 11 moon landing 50th anniversary commemorative coins, it has enough support in the US House of Representatives as of now, but not enough support yet in the Senate. Please email your US Senators in Washington DC & ask them to support the House bill for this important anniversary commemorative coin program. Thanks!

-NumisDudeTX

By: Tinto

Tinto — Mon, 05 Sep 2016 04:08:00 +0000

@Seth Riesling

Thanks for the FYI …

And didn’t this so called “Mint Director” have a private meeting with the big boys a few shows back? What a louse … thank goodness I made the decision to drastically cut back after 2014 .. and it gets much easier to pass ont the big ticket Mint offerings … only RR C&C set and the TR puck this year and if the 2019 Moon landing commemorative is approved … then that will be my next and probably last big ticket item ..

By: jim

jim — Sun, 04 Sep 2016 12:13:55 +0000

Mike –
Good, I hope you get in.
As Seth said, the forum is aimed at bulk dealers and not individual collectors so I’ll bet it will be tightly controlled with little if any opportunity to add subjects/issues that are relevant to us peons.

By: Senior

Senior — Sun, 04 Sep 2016 04:26:54 +0000

The burr under the sadle is annoying and generates a reaction. Senior

By: Senior

Senior — Sun, 04 Sep 2016 04:19:36 +0000

Munez,I would sinserly like to see constructive adjustments to current mint offerings.I don’t like the political approach I used but I was looking for reaction not criticism.Im sure there are alternative motives for this so called forum but a forum is an examination of the nation demografics read my original post.If the mint burectrats had sincer interest they would reach out to the grass root base of collectors.We as collectors lust for new original works the collectors are bored.My intent was not to piss or diss anyone but to put a burr under the saddle

By: Munzen

Munzen — Sun, 04 Sep 2016 03:18:49 +0000

Jim: I was actually offering a counter to “Senior”s rant that government never does anything of value, rather than suggesting ideas for commems …

I’d go back and clarify, but as we all know & despise, there’s no option to edit or delete 🙁