Total Insanity At ANA

I think that the mint price plus shipping is a good price, and as stated no fuss ~ no muss.

 

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Yeah, there is way too much artificial demand (dealers/flippers buying multiples) for this issue. Since there is no mintage limit, the mintage will be large and they should be available from the mint for a long time, thus depressing the aftermarket.

 

And many flippers will over-charge there CC's and start dumping/auctioning off there over-bought supply.

 

If I stand there on Thursday, you know I'll dump

 

Yep, I think that's what happened with the 2011 ASE 25th set. For the mintage, there's still way too many on the market.

 

I completely disagree sir. I do not see this as little guy versus big guy at all, I see it as intent. WHY do they limit how many each person can buy? To try to be fair with a highly demanded item. To me, a dealer paying people to stand in line is simply trying to "beat the system". I have no problem with dealers making a living, I have many dealers on CT I consider friends. However, in such a situation like this, as well as situations like the 2011 ASE program, paying others to order for you I simply believe is underhanded and unfair. It has nothing to do with small and big, collector versus dealer, it has to do with cheating a system designed to try to let as many people as possible buy.

 

I am a collector/dealer and I personally do not see any reason to over-spend on a coin because of a ANA Release label. Now if this were the only place to obtain a coin (ANA Show) then yes, I would pay up.

These are nice premium coins easily obtainable at the mint web-site for $1245 with shipping.

 

Yeah I'd have to wait in line for that!

 

I wish the mint woud stop with all of these commemoratives. How about they limit mintage of a native american dollar or perhaps a lincoln cent.

Yeah 2015 lincoln cent mintage of 40,000 everyone would go bonkers for that.

 

FWIW, the second, third through ninth, and eleventh through thirteenth rarest Lincolns have all been minted this century.

 

How about a rebirth of a Morgan dollar with a very small mintage ~ 15,000 !

 

Not so sure what you're trying to say here..

 

You said people would go bonkers for a rare Lincoln. Not sure they qualify as rare, but all 8 of the 2009 satin Lincolns are all rarer that the 1931-S (the second lowest mintage wheat Lincoln). And a quick check showed that the 2010-S through 2013-S are all rarer than the 1909-S (the third lowest mintage wheat Lincoln).

 

That’s such a clever observation I think it deserves its own song...

Well, hello, U.S. Mint, this is BadThad, U.S. Mint,
It’s so nice to have you back helping the hobby along;
You’re look'n swell, U.S. Mint, I can tell, U.S. Mint,
You’re still blow'n, you’re still crow'n, you’re still, go'n strong;
I feel that room, swell’n, with the dealers, sell’n,
One of our old-time favorite coins from way back when, so...
Be the sap, fellas, find the coins an empty lap, fellas,
U.S. Mint never go away again!

Copyright 2014.

 

Where did the mint state that?

 

How do you feel about collectors having their non-collector friends stand in line or placing orders on-line for them? Or collectors buying more than one for their collection so they can flip the others to lower the cost on the one they keep?

 

The Mint posted on their web site the initial run will be 40,000 pieces and then it is strike to demand. This coin will generate enough demand that KoinJester anticipates it will exceed 100,000 pieces. I agree that the final total for the gold Kennedy will be in the six digits, where exactly it will top out at no one knows.

I actually like the gold color better than the silver but I would never buy one. To me the cameo effect just pops much more on the gold than the silver.

I do not get why the Mint did not produce a dual date silver version also as that would also have been a good money maker for them.

 

A post about the current leadership what with all the lawsuits etc would have been apropos.

 

I understand that the coins will be produced to meet demand. If that is true, I'm not so sure that boycotting this coin is the thing to do. It may be better to run up the mintage figures and drive the price down. That way the people that are doing these objectionable things will be stuck with something that they will take a loss on. If several million of these are sold, they won't have much value.

 

If a collector is allowed to purchase more than one, then fine. I am also against collectors having family members or others buying items for them as well. The POINT of such limited distribution was supposed to be to let the most coin collectors own one as much as possible. Anyone "cheating the system", be they collectors or dealers, I feel are being greedy jerks to the rest of the collecting community. So, stand in line or wait on the phone, and feel free to order as many as allowed, but to pay your neighbor or hire a day laborer to stand in line to intentionally beat the system I believe is simply being a greedy jerk.