Mark Twain Silver

I like the silver. A lot of references to Twain's marvelous stories. But the gold ain't too shabby, either.

 

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I'll stop with the Unc. dollar.

 

the premiums on these are insane. I wonder what Mark Twain would say about being on a gold and silver coin.

 

The premiums are what they have to be to cover all costs; metal, fabrication, packaging, and marketing - a legal mandate. When you compare the premiums over melt between U.S. coins and those of other countries on numismatic releases, the U.S. coin premiums are a bargain by comparison.

I have to wonder, don't other posters here even read coin legislation? It's public record. Or is it just more fun to make up baseless complaints out of thin air? That's it, isn't it?

 

Premiums cover some profit too, right?

 

Not interested. Too many commemorative's the Mint is coming out with

 

They do. Even if you say the planchets cost them 20 dollars a piece there isn't an extra 30 dollars of cost per coin on the mints end when they're selling the uncirculated version for $50

 

Really? Have you ever gotten involved producing annual medals by a coin club? I have. You'd be utterly amazed how small a part of the all-in costs of producing a 1 ounce silver medal the silver is, and we don't have the fancy-shmancy packaging the mint does, or ANY marketing costs. $50 for a silver dollar sized piece is not out of line, not at all, especially when you compare it to Canada's or the U.K.'s prices.

 

Not even comparable, you are talking about small time operation that may produce a few hundred examples at best versus the bulk manufacturing capability of the United States Mint. There per coin cost is no where close to what a small club pays to have medals done. That is like trying to say Miller Lite has the same per can cost as a home brewer would in terms of scale.

 

Seriously? You have to include amortizing all the ridiculously expensive (including obscenely expensive annual support contract costs) for the new digital design and hubbing systems at the Mint's operations. I would bet their costs per piece are well above what Keystone Mint charges us.

 

Ya gotta add in whatever the special interest group (the one receiving some of the proceeds from the sale) is gonna get. A nominal $10? No complaints here. I buy them because I collect them, and I factor in the extra cost as a 'cost of collecting'. I could wait on the aftermarket, but I want it now. Silly me pays more than he has to, but he never misses anything...........except the blasted 2001 Buffalo silver that he put off buying........

 

I would find that hard to believe unless you got a great rate because they are desperate for business. Any production cost the mint has outside of the actual planchets, dies, and whatever man hours actually went into that actual piece is spread out over everything they make for the year. The more you produce of something the cheaper each piece is

For the record I have no problem with the mint making some profit off of these. There are certain products they've offered from time to time with obscene premiums but I don't have a problem with the price on these.

 

Of course. There is always that. The interest group "commission" is frequently the second highest (lately, it used to be #1 for years) cost per coin. I remember the Girl Scouts got NADA from theirs , because the entire program was a big financial loser even without paying the scouts anything.

 

yes on the silver no on the gold just to much money