WOW! The Mint screwed up Big League...

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Assisted by Greesum & Fleesum

 

Beanie Babies, Baseball Cards and Beer Cans.

 

They didn't publish the information in regard to these coins anywhere near before they were released. These are bullion eagles from 2015 which the mint didn't reveal the information that branch mints contributed to the total mintage for almost two years after the fact. The only way people were then able to 'id' where they came from was a FOIA request to the mint regarding what it's internal codes meant and comparing that to the labels on sealed monster boxes.

 

They definitely aren't exactly forth coming with what is minted where a lot of times. I can understand hiding the mint location for circulating coins like the West Point cents to keep them from being hoarded since they were only made there to keep up with demand anyway. However, in my opinion for any non circulating product e.g. bullion/collector ect they should be required to disclose where it was made and not be allowed play these games with hidden mints that take FOIA requests to uncover. It should be up to the markets to decide if some carry a bigger premium then others and not up to the mint trying to hide where they are making things.

 

I agree and I'd go one step further and if the mint wants to do things like this they should be required to mint mark the coins even if they are just bullion eagles, etc. Then the coins would be identifiable without question with none of this playing games, heck it would probably boost lagging sales of the ASE's if they did this once in awhile.

 

this would all make sense if people were collecting the coins for the coins, but this is purely a label issue and has no consequence on the coins.

 

I would be for mint marking them as well, it's not like its hard for them to add a mint mark. I really don't understand their logic in trying to hide the mints, seems like they're a bit clueless on how to maximize their sales for these. It would definitely boost their sales if they did that, a very significant percentage of ASE collectors would want to add one of each mint mark every year.

 

That's not true. The people that want one from the different mints even if only the label identifies them consider them to be different coins since they were minted at different mints. It's not label collecting and never has been, you don't have to consider them different but some people do.

 

what about 1974 cents minted at west point? Same thing? because I don't see anyone collecting those

The main reason I see people collecting these different labeled coins is purely for value's sake, because they couldn't pick the coins out of a line-up

Now, apparently, the production site may be wrong, what happens to the value?

 

So you have something against Billy Beer?

 

They would be heavily collected if their was a way to identify them, at this point their isn't. The ASEs do have a way to be identified if the box is still sealed from the mint.

No, most of the (S) coins are worth the same as the (W). A lot of people that get both consider them different or consider them part of a complete collection. The (P) was a short run that was unexpected and a lot of the boxes had been opened already hence the higher value. Some people consider them different. As I said you don't have to but there is no reason to denigrate people that do.

 

I have NEVER said anything disparaging about the people who collect them.

I don't understand it, but I have never said anything about it...

 

Implying they were just label collectors

 

Where's the fun in that?

 

I believe they should be open about it from the very start. In the case of these ASEs the market is already a monopoly. There are only a few authorized purchasers of them that distribute them to everyone else. They could very easily just place their orders and hold for a FOIA request every time and then release them once the information is revealed.

By concealing the location the Mint is attempting to dictate what the market should be. The market should be the one that determines what premium if any any of the different ones have. If the mint doesn't want any of them to have a premium over the others then just make them all at one mint.

Their attempt to suppress the Philly market and hide it could not have backfired anymore than it did. By hiding it they created a ton of hype and created even more of a rarity then it would have been from boxes being opened already. Even the S ones were banded as such not sure why they decided to play these games with the P ones.

 

Make the exact same amount at all the mints.