Comments on: Debating US Mint Ordering and Mintage Limits

By: joera

joera — Mon, 31 May 2021 10:38:45 +0000

And here we are in 2021 with the same problems.

By: Rodney Moore

Rodney Moore — Fri, 28 May 2021 23:51:30 +0000

"There was one of our group members who pretty much disagreed with almost everything we discussed, and expressed very little trust in Mint officials." I hope they heard what "that one guy" said because he was probably closer to the truth than anyone else in the room!

By: corners

corners — Fri, 28 May 2021 23:06:51 +0000

In reply to John. I think it should be illegal to make United States flags in any other country but the United States. Kind of feels wrong to be waving a flag for country pride but that flag wasn't even made in that country

By: bobby

bobby — Mon, 07 Nov 2016 16:48:07 +0000

I buy as many new products as I can afford. if I wanted graded I would buy it of the TV. I like OGP the coins I buy I am also buying the box that they come in.
after spending $600 bucks on a gold quarter. you would think they could put some paper around my single coin to keep it from rattling around in the box it came in. upon receiving my single coin I could clearly here two items in the box. I could only assume the coin came out of its holder. they were rattling around in this government box like the last two tick taks in there container. after two attempts to get an OGP from the mint . I cancelled my order. and will support my local coin shop and purchase graded coins . I am done with the US MINT.

By: joera

joera — Sun, 06 Nov 2016 06:23:04 +0000

As far as the packing goes we buy the coin, not the package. I know the packaging is important and needed but it is not the center of the product. Depending on the coin or coin program being issued the packing, for me anyway, should include information about the coin or coins in the set. Like on the Reagan Coin & Chronicles Set for instance, why was the Silver Eagle included in that set? What is the planed mintage of the coin? In what year did that coin program start and in what year of production is that coin in. But then again, the package is not the center of collecting.
And there should be more of these meetings in more cities through out the year to keep with the collecting community.

By: jim

jim — Wed, 02 Nov 2016 18:42:52 +0000

Seth –
Miserable numbers from a mint who says they don’t have a lot of metrics. A loss of 23% revenue says the mint should revisit the numismatic business and seriously consider abandoning it altogether. Or continue on with just a few staples and proven winners. Based on these numbers coin collecting is obviously a dying hobby with only 8% of the collecting population under the age of 45.

Or maybe it’s our thinking that needs to be revised and stop trying to make the US Mint a competitor in a world where Congressional oversight is a built-in road to failure.

Either way, I’m glad to see these numbers even if they are bad news. Those of us on the outside never get to see inside the mint in this way. Thanks.

By: JesustheLionofJudah

JesustheLionofJudah — Tue, 01 Nov 2016 17:07:38 +0000

Also, ALWAYS first come, first serve

By: JesustheLionofJudah

JesustheLionofJudah — Tue, 01 Nov 2016 17:03:33 +0000

I would posit thank Household Limits should never be fewer than 5 – people have children and grandchildren they would like to buy for plus most collectors also like to have 3 to 5 of the coins anyway.
Having a household limit of only 1 is destructive to the salability of the coin because the coin will never sellout like that and once people see that a sellout has not been achieved probably 20 percent of the people will return their coins/cancel their order because they see that the coin will not be valuable.
Conversely, making a household limit of 5 means collectors can buy several and it is much easier to hit a sellout and therefore achieve the goal of making a VALUABLE coin, which is what people want to collect – its WHY virtually all people collect coins because they are supposed to increase in value as an investment.
It would be a terrible idea to buy stocks that decrease or stay the same as the purchase price, so why would anyone buy coins that perform the same way? They wouldn’t.
The US Mint COULD have had home runs with all the Kennedy coins and the Gold SLQ as well as many other coins the last 10 years but instead they have retarded their sales (me personally I’ve virtually stopped buying all US Mint coins because they have been worth the same or lower than issue price due to high mintages and HH limits of 1) through Very high mintages (gold coins should NEVER have mintages higher than 50,000 and even that is a very high number – the more gold in it, like 3 oz or something, then lower the mintage to 10,000 or lower) and HH limit of 1.
So, I’ll start buying again when the US MINT makes coins that have LOW MINTAGES (ie 50,000 for a single gold coin, 100,000 to 150,000 for a single silver coin) and a household limit of FIVE.

By: RODNEY MOORE

RODNEY MOORE — Tue, 01 Nov 2016 13:17:21 +0000

In reply to Sturgeon.

Sturgeon:
Thanks for posting this! I check the the mint website almost daily for this and I also checked it last night and didn’t see the UNC on the product schedule.
And to be expected, there is no announcement of this as far as I can tell when I just now visited the mint website.

I think the 30th anniversary of the Silver Eagle has been a let-down, as far as the incused lettering being the only thing they did to mark the anniversary. They should have made some sort of set. I think a reverse proof of this coin with incused lettering would have been in high demand. I will order two of the uncirculated, one to have graded/holdered and one to actually hold in my hand (I know there will be lots of people that doesn’t approve of that). I know it ruins the value but I think it’ll be neat to hold one in my bare hands that doesn’t have the reeded edge.

By: Sturgeon

Sturgeon — Tue, 01 Nov 2016 12:25:22 +0000

Mint Website—American Eagle 2016 One Ounce Silver Uncirculated Coin—-
This product will be available for sale on December 1, 2016, at 12 noon (ET).