do you work for the mint? thanks for the great post! I must agree with you, I don;t think that the mint is trying to bilk anyone. they have a darned if they do, darned if they don't problem. If they make to many of a coin the "regular public" is happy, but the collectors are mad. make to few and the collectors are happy, but the general public is angry. My brother is a marine, and my mom a "marine mom". A lot of people where sad/angry that they couldn't get a marine commem for their family members for christmas...
Maybe you know if they will be selling the new uncurculated products with this years date after January 1ST?
That is some very interesting and enlightening information. Thanks for sharing with all of us. You sure have clarified a lot of questions I have been pondering. Great work!! No disrespect intended, but where do you get your information. I'd like to share this with our coin club, but need some validation for the skeptics.
I love the mint and I love the coins. I hope the unc W program continues for many years. The gold reverse proof, until I see the silver in person, is the most beautiful coin I've seen and the Mint should be proud to make it. I appreciate all of their hard work and the fight they have fought for the good of the program.
I never thought that the U.S. Mint was evil...Just incompetent and clueless like most other governmental organizations. The Mint just happens to be the one organization we focus on for obvious reasons. Evil? No! Even if money IS the root of ALL evil.
I would give the mint more credit then being incompetent. I mean really, a lot of good people work there. remember that they are forced to jump through hoops being held by congress, and have a sometimes belligerent public to deal with. try to look at the issues form their perspective, look at all of the attention we focus on every little move they make.. If i worked for the mints public relations department i would probably go crazy.
No to this - I want my $110 box to be special and hopefully a two coin COA. You will probably see the boxes and COA's on sail at ebay. Then you could probably get them cheaper than $110.
Not incompetant, or evil, just greedy. The overseers of the mint programs obviously get points if they come up with successful programs. They lure us on with these "REALLY LIMITED" so called scarce sets. Hmmmmm 75,000 rare sets, 250,000 rare sets. It is almost like buying lottery tickets. Just when you think you "GOT IN" on some rare offering..... Can you say "HSN???" I believe the mint uses the same marketing ploy that "HOME SHOPPING NETWORK" uses. Get in on this deal NOW. Or else lose forever. At least the crooks on the "COIN VAULT" let each and every moron get ripped off equally.....
I'm afraid that the U.S. Mint has lost a lot of trust from many collectors including myself. It's bad enough to offer something that very few collectors can afford, ( $2610 gold set ) but to offer additional uncirculated gold and silver eagles in an individual format, I'm very disappointed. Very small chance that the gold and silver set will appreciate much higher than current bullion prices. I think I read somewhere that the mint hates to create rarity. Well from one collector's perspective, here is a beautiful example of how they do it.
If you buy the coin because you need it for a set or want to collect it who cares how rare or how much it will gain in value? Coins are not an investment. I think the coin collecting/investment mentality has become skewed. People collect coins for the love of the hobby. If you think you are going to get rich quick, the lottery would be a better place to waste your time and money. Buy the silver unc or the gold unc...it will be definately be worth more later. If you are worried about how much more?...now THAT sounds greedy. Buy the coin not the holder...buying on speculation is not coin collecting in my opinion. I'm buying all the gold uncs that I can afford because it's a wonderful coin and there won't be that many made. Over the past several weeks, I've heard endless bitter bitter rants from "collectors" who thought that were going to get rich quick and ended up with a big dose of reality. I have not heard any complaints that the coins sucked. All I hear is darn, they more thanI thought. They are beautiful coins and I for one am thankful that they made them in the first place. If I make more in a few years, if I sell them all the better. It's rediculous when the pot calls the kettle black.
I'll focus in one this one statement because nothing could be further from the truth. I don't collect coins for investment purposes but millions of people do and there are countless examples of coins that have increased in value over a relatively short time period. For example, the 1995-W 10th anniversary ASE proof, only ten years later and worth over 2200 dollars. The 1998-S matte Kennedy half dollar worth as much as 400 dollars today. Short time period big profit if you bought enough of them originally. The only question is which coin will be the next good investment? The 20th anniversary ASE? Coins are definely an investment vehicle if you know which ones to buy. Coin investments aren't like flipping houses but they do realize some hefty returns if you have the initial investment.
Thank you for the focus. Let me rephrase, in my humble opinion, Coin collecting is not meant to be for investment purposes. It's for the love of the hobby. Chasing down the missing key date is what drives you no matter what grade you find it in. There are people who do invest in coins. I am one of them. But then again I realize how risky it is and I'm willing to take my chances. Myself and those other millions that do, I feel are speculators more than collectors. They are more concerend about the bottom line and profit margin. I also realize that some modern issue coins can double, tripple, quadruple in price with the blink of an eye. Very similar to the way stocks can take off with the announcement of good news. Picking the next hot coin is a lot like picking the next hot stock. What you need to realize is that one coin or one stock will not make you rich. You get rich by having a variety of investments that are diversified (not all your eggs in one basket). All the complaints that I hear is that the mint released the unc W as a single coin. Why would that be bad news? Sure its not limited to 30,000 as one once thought but does it really matter. If you have the sucess or failure of your life dependeant on the release of 2 coins, I feel bad for you. Sometimes you win and sometimes, your stock tanks. It's part of the market. Roll with it and stop the crying already...
If I've learned nothing else about collecting coins, I can say for certain that no two people collect coins in the same way. The only "correct" way of collecting coins is to collect them for the reasons you feel are right for you. I think collecting coins has evolved over the years and sometimes not in directions that purists would have chosen to see the hobby go. My opinion is that dealers are the worst aspect of the hobby not the U.S. Mint and it's practices. Dealers are a necessary evil that aren't going away anytime soon. It's hard, if not impossible, to collect coins effectively without using a dealer at some point. The Mint caters to them and they monopolize the industry and set the standards we all must adhere to. Sad but true.
greedy Money is funny, when your up its never as good as you think it is and when your down ,you never now when youl be up again.
Believe it or NOT; there are LOT of people out there investing in Gold and Silver coins, bars, rounds, etc. AND their main purpose is the ole DOOMSDAY theory!!! Such as; you won't be able to buy a loaf of bread unless you have some of the base metal to barter with!! The Mormons decided to hoard grain, perhaps GUNS would be the thing, then you can go a get the grain from them!! Point is; until the government can find ways to find all the hidden gold, silver, guns or what ever this theory might hold water!!
