Comments on: CCAC to Discuss Fractional Gold, 2019-2020 $1s and Apollo 11 Coins

By: NW Robert

NW Robert — Sun, 11 Jun 2017 16:15:12 +0000

Well said Jim and Numisdude! Looking at the membership (political reps, sculptors, historian, and general public reps) they all look to be coin collectors. https://www.ccac.gov/aboutUs/members.html It’s a shame that the SOT doesn’t listen to them. I didn’t know Kareem Abdul-Jabbar was a coin collector!

By: Seth Riesling

Seth Riesling — Sun, 11 Jun 2017 00:28:24 +0000

The members of the “elitist” CCAC & CFA that review all U.S. coin & medal designs are classified as special, unpaid U.S. Government employees. They have to pay their own transportation & hotel costs to attend in person in Washington, DC. They are all “artists” in one sense of the word & basically argue their own personal points at the meetings only & rarely change their opinions. The Mint provides them with what the Mint wants as far as concepts & designs & Mint staff are there, including legal staff to argue their need for a certain design or concept There is really very little flexibility in the process. And, the Mint & Treasury Secretary don’t have to even consider their input except to file it away in a folder that goes into you know where. The whole decision on any coin or medal outside the parameters of the commemorative coin programs (by Public Law) is 100% up the the Secretary of the Treasury or his deputy. In the past, on a few occasions, the Secretary has chosen a design that both the CCAC & CFA members advised against!
Mostly a “feel good”, rubber stamp process. The Mint officials regard the whole political circus of these two groups to be a pain in their rear ends for sure!

-NumisDudeTx

By: jim

jim — Sat, 10 Jun 2017 21:47:48 +0000

In reply to NW Robert.

I think they’re just being provincial in their thinking – i.e. the world outside of DC doesn’t exist. And that’s just reinforced if the non-DC members have to fly in to attend the meetings. Or maybe a webcast requires too much organization and we know the mint isn’t even organized enough to give us a full year schedule in advance so maybe the CCAC takes their cue from the mint. Considering what the mint did with the Congratulations Set and the pricing they’ve attached to the anniversary medals they don’t seem to care very much about enticing new collectors into the fold or maybe only those who can only afford simple mint sets but not much beyond that.

By: NW Robert

NW Robert — Sat, 10 Jun 2017 18:39:18 +0000

Why don’t they do a webcast? Amazing in this day and age. I sent an email to the CCAC as to when they plan to modernize.

After a 30+ year hiatus from coin collecting my interest is back now that my babies are all grown. I saw a web link to the CCAC site and I was wondering, why your meetings aren’t on a webcast? If you want to get the younger generations (Gen. X, Gen. Y.& Gen. Z) interested in coin collecting, it might be a good idea to start using modern day tools.
Are you planning to modernize sometime in the future?
In case you want to pester them… info@ccac.gov
How else can you see visuals if you can’t be there in person or have to call in? That’s nuts.

By: joera

joera — Sat, 10 Jun 2017 11:13:07 +0000

The Liberty Proof is way too high for a silver medal and even if it was a high relief silver coin it would still be too high! I had planed on getting the medal to go along with the other anniversary medals later this year but those will probably be way too high also.

By: jim

jim — Thu, 08 Jun 2017 17:54:27 +0000

In reply to Mike.

Low mintages mean high collectabilty might generally be true but the coin also has to have some let’s say “redeeming value” to be collectable too. Look at the spouse gold coins – mostly all at extremely low mintages but that came from low demand and not much “redeeming value”. Looking at the numbers one would think they’re highly collectable yet they’re not – nobody wants ’em pretty much beyond their melt value.

By: Mike

Mike — Thu, 08 Jun 2017 15:34:08 +0000

Low mintages mean high collectabiltey. No limits and high prices can kill any product success.

By: Tinto

Tinto — Thu, 08 Jun 2017 05:04:31 +0000

The Mint just succeeded in keeping away customers who have been turned off by the Mint’s past incompetence so they think schmucks will line up to buy this totally over priced coin with an eagle that’s missing part of its tail feathers … that bird looks so unbalanced …

By: Dustyroads

Dustyroads — Thu, 08 Jun 2017 02:12:56 +0000

Seth Riesling, I do also think the price is on the high side. However, I’m suspicious of the USM. I can’t help but wonder if this is only the beginning of higher premiums for medals. The USM must be paying attention to other world mints higher premiums and lower mintage business models. I can’t help but wonder if we’re finally witnessing a move in that direction. The ultra nice OGP may be our proof as these same things are found there too.

By: Munzen

Munzen — Thu, 08 Jun 2017 00:54:57 +0000

My opinion of $59.95?
No way.