Can the mint stop coin dealers fom sucking up the new releases?

True, there are many mint products that are big losers. Yet, there are many that are big winners. As always, one has to know what to buy.

 

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That is, one has to be able to see the future.

 

Well, rather than a WAG, it's a SWAG. Also, the past is important. Just a hint, sets like this Truman Set have always been winners.

 

"Anyone who wanted one could have ordered one"? I guess you never have heard of someone who has anjob, huh? Your argument would be valid if the mint had limited orders, or allowed 24 hours to get orders in and then allocated accordingly, but to say "you had 15 minutes in the middle of a workday to order, what is your problem?" is kind of silly. No, most collectors who work for a living did NOT have a chance for these, due to mint policy and greedy dealers.

 

With all due respect, sir; if these horrible greedy dealers were able to have someone else order for them, there is no reason working collectors could not have done the same. Ideal and without room for improvement? No, but when one truly wants something, they cannot rightfully expect it to fall into their lap. Life is a dance of trying to make things we want to do fit in with what we must do; collecting is and should be no different.

 

Sorry you got it wrong the Kennedy's were on sale at the Chicago show, the dealers flooded the show with 100's of people standing in line and bought up the available coins at the show . So the coin dealers got all the Chicago show label gold coins and sold them for 4,000 each. Meanwhile the coin collectors who went to the show and wanted a show label got squeezed out of purchasing any of the gold Chicago coin labels. It got so bad that the US mint stopped selling any gold Kennedy's on the last days. There was a 2 gold Kennedy limit per person per day limit at the show with a total of 500 coins available for each day. The dealers were paying 100 dollars for each coin purchased. The coin dealers were at the front of the line giving their buyers the money. It was a scam, the dealers boxed the collectors out of buying the coins. It was good ole greed. The dealers were making an extra 2 grand for each show label over the regular labels.

 

I know of one winner that has had consistent value: 2008-W Rev of 2007. Everything else has simply stumbled.

 

That day was a sad day in numismatics as it revealed the "greed" which permeates the coin business! Lets also not forget that a certain member of the PCGS Board of Experts took center stage on that fiasco yet remains in good standing. It made me want to puke!

 

Blah blah blah Kennedys . Sour grapes . Yep all dealers suck . Don't play dumb y'all know the modern game ,just wait a month and buy them at the real price .

All this gotta have the day of release on modern , Dealers are BF'ing me , cry me a river BS makes me nuts. If you wanted it on the day of release then get one the phone and get in line just like every one else. Dealers don't get to phone in any faster than anyone else .

The Kennedy situation was dumb that's why I said it couldn't count . It was handled totally wrong.Chicago show label , who cares , I mean really a label . I know the TV guys care but the mintage was unlimited . First strike , Chicago , first random one that random mint employee grabbed off a random stack of coins and then gave to random first person in line. And for some dumb reason someone thought that one random coin was worth more than another because a dealer got it into a piece of plastic first .It means nothing except to the one person that bought it .

I would bet though that 9 out of 10 times if anyone is trying to buy multiples of anything they are also trying to make a buck on it .

BTW it's now my B-day , I'm buzzed and probably totally out of line. So cheers .

 

The mint should just make 3 of each issue and sell by sealed bids to the 3 highest bidders, and kill the modern collectors. With CAD/CAM , a new auction of 3 different sets each month.

 

My solution is if you sign up with the mint they have your email . Companies are good at emailing you about upcoming products . I don't see why the mint could not do this. So the United States mint emails you on products you subscribe to that you would be interested in . The based on the mintage the mint would assign numbers randomly to the people that subscribe to interest and said item. Those people would get first crack . I feel that purchase limits of 5 per hh should be set for limited mintage coins under 100,000 and no limits should be set for unlimited mintage coins and above 100,000.

Once again it's my bday , I'm buzzed and shouldn't be posting .

 

You've seen my list before, there's many that are way up.

 

Sorry but it is you that got it wrong. If you want to collect labels then collect labels. You growl about the "dealers" hiring 100's of people to stand in line but nothing stopped you from also hiring hundreds of people too.....

I ended up buying a "First Strike" 2014 gold PR70DAM in PCGS plastic on Great Collections for less then Mint issue price.

The problem last year at Chicago was not the "dealers" but the third party grading companies that wanted to rape the collectors with special labels. If you want to buy into the so-called "special labels" than by all means, "Buy The Label" and not the coin. Myself, I would rather buy the coin and not the label.

To blame the dealers for Chicago is just plan silly.

 

Well, there you go. If you weren't paying attention when the Mint advertised its "2008-W Rev of 2007" issue, you naturally lost out to the knowledgeable collectors who were watching and ready for it.

Oh, wait. The variety wasn't even discovered until after all the examples had been released. In other words, buying one from the Mint involved no knowledge or foresight at all; it involved luck, or a dogged determination to buy everything the Mint produces, in hopes of turning up a winner.

To put it really simply: The real treasures are things that nobody could see coming.

 

No. They could limit it to one per person and require you to pick it up in person at the mint, and in a short time you would still find the big wholesale dealers would have the sets in quantity. Even if they didn't have employees that order for them, they still have networks of collectors and smaller dealers (who have their own networks) that funnel purchases of new coins and sets to them.

What if they don't HIRE them but just make it known that they will pay them a quick profit for the sets? Same result they rapidly wind up with 500 sets.

They've done that in the past as well. The result is a boatload of complaints that the mint is or has destroyed the aftermarket and made the coins/sets basically worthless.

 

Happy Belated Birthday Jason

 

Lunch break? Personal break? Sick day? You really can't find 5 minuted to place a quick order?

 

I could sir, buy most employees who work for my firm can't. They are on the floor working, with phones banned, and breaks being given randomly. So I am speaking for them. Could I have? Most likely, but between low relief, ever declining mintages, and incidents like Chicago simply making me feel dirty about modern coins and dealers I try not to buy anything newer than a few hundred years old.

By the way, I feel just like @-jeffB. I am sure there will be winners, but will not know which for decades.

Oh, and Happy Birthday Bedford.

 

Oh, so you're "speaking" for someone else since you wouldn't have tried to order because something left a bad taste in your mouth.

So, please, share exactly how many folks on your floor are actually coin collectors (and not someone wanting to make a buck by ordering then selling in the aftermarket which class my neighbors and buddies fall into) that missed out on this offering and are upset because now they have to buy it in the aftermarket?