Is Anybody Buying Anything From The Mint?

The Mint has priced itself out of the market in my opinion. At today's rate the 2021 Silver Proof set contains $22 worth of silver. the Silver Proof set price is $105. I don't see the numismatic value in that price/value difference.

 

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Would have liked to purchase a couple ASE's this year, but just recently received an email saying they were already sold out due to the enrollments.

 

I'll confess that I went nearly all-in on the Apollo commemoratives. Since then, I've mostly bought only to flip.

 

I am done with mint purchases. Their system can not handle the volume they create for the items that sell out in minutes. I refuse to participate.

 

Nope.

 

I also buy everything you do except the Commems. 20-30 years later and I couldn't sell them for what I paid for them.

 

That sealed the coffin for me with the 2021 Morgan and Peace dollar debacle.

 

The Ike that gets me is the 1973-S Proof silver coin. That piece was on the Grey Sheet for $250 almost 40 years ago. I sold the one I had for $175 after I twisted a dealers arm to pay me that. I gave him an offer he couldn’t refuse. I thought the bids were so high, that I couldn’t afford to keep it. Almost everything was overpriced in those days. Recently I bought one for $12 in an antiques store of all places!

 

If you bought the gold coins, you have a chance to be okay because of the increase in the price of bullion. For everything else, you are mostly underwater. I was surprised at the low bids when I decided to sell some of the pieces I have.

 

Only thing I've purchased is the 2022 American Women silver proof set for my daughter's coin collection.

 

It was the V75 eagles that did it for me.

 

Despite all the noes, somebody must be buying?

 

Silver Eagles (proofs & burnished & "instant rarities" if possible and get them graded). I started Silver Eagles with just raw coins...then progressed to graded; so now I do both. I was gonna stop raw coins after 2021...didn't happen lol. I have subscriptions for the silver eagles (2 each). Given the current situation (sold out) I just may flip the 2nd coin. I buy the Innovation $ proof sets, and regular proof set. They are inexpensive; if they were more, I wouldn't buy them.

 

And if it could handle the volume how do you think people would react when things sold out in literal seconds?

 

For many years, I had to have one of everything that came out. About 2000, I quit. Never opened the last 30 boxes. No room to store any more or find anything when I want to look at it. If I sold it all the gold coins would cover my loss on the rest. I'm happy I pulled the plug when I did. Should have bought more gold but I was not thinking about the future value of the collections. It's a hobby.

 

Just me and 'fullhart'.........

 

Précisément, mon ami........

 

Same here, except that I got colorized purple heart for myself.

 

The last thing I bought from the Mint was a 1985-S Proof Set.
I could see the future at that point.
"Buy Now! Sell for Less Later."

 

"Nobody buys from the Mint anymore because everything's always sold out." - Yogi Berra