2016 Coin & Chronicles Set - Ronald Reagan

Yeah, let's not forget the Warren Harding debacle of 2015

Seriously though what's the cutoff? 19th c? Pre ww2? This stalinistic rule and threats of banning and points causes more chaos than if the mods just edit and delete overboard comments as they see them. CCF is much better at mod overrule. Maybe it's because Bobby the owner actually takes a proactive intrest in his site and goes by the spirit rather than the letter of the law (rules)

 

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You gotz an issue with Warren? You need to go thru me first, pal!

 

So, how about this set, will the mint ever get it right, rather than going from one extreme to the next with mintages and order limits?

 

In all seriousness, SQG, I don't hold out hope for that. The one type of person who never seems to be a priority hire at the United States Mint is someone who knows the numismatic marketplace. They look like they're flying blind because they are. They have no earthly clue what they're doing in the Numismatic division, so what you'll keep getting is errors like this in their planning.

 

My first thought was, "Oh Great! And here aI am trying to get rid of what I already have!"

My second thought was "30th Anniversary Silver Eagle??" "I'M IN!" For at least 1 but not as a flipper unless I can sell it really really fast because at 150,000 units, whatever prices are realized in the 1st week simply will not be sustainable.

 

And how long is the list of issues in which the 1st week prices ARE sustainable? Very short indeed.

 

Nah! They'll never get it right.

As for this particular set? I seriously doubt that it will sell out simply because the mintage limit is so danged high!

For some reason or other, the US Mint Marketing Team believes that people are buying these C&C Sets because they liked the Presidents depicted on them. Nothing could be further from the truth. The Flippers and Resale agents are the one's that bought up the low mintage sets which created a panic market.
When the mintages were doubled and HH Limits established, the initial purchase AND resale market crashed.

How long did it take for the Kennedy to sell out (if it even did) at 50,000 units?

These guys (the US Mint) are trying to pay Peter and Paul and it just isn't working.

 

I doubt they'll ever get it right. How many products the past few years have we seen be issued in too short supply and then those issued way over a reasonable supply that generally then sit forever after the first week or two of sales. Now if the mint had any regard for collectors the ASE in this set would be an S mint proof 30th anniversary or RP or enhanced finish, anything but the exact same unlimited mintage W Proof 30th anniversary.

 

I'm starting to think the ineptitude is by design. Keeps people on their toes while somewhat placating both the flippers and collectors

 

It took two weeks to sell out the Kennedy set IIRC. I don't see a single thing wrong with that kind of speed.

 

If Joan Quigley was still alive, she would be able to tell us how well these sets would sell. Maybe a séance is in order.

 

My guess is that each set has one big silver item; either an ASE, Commemorative Silver Dollar, or a silver medal. The Reagan set has an ASE, so no silver medal.

 

Everyone gets an ASE blank turned into something.

 

I hope mine turns into Jean Dixon.

 

I once tried to have a conference for psychics. I figured that they'd just know about it because of who they are, so I didn't send out promotional materials. Nobody showed up! Can you explain that?

 

Yer killin' me here.

 

For my next conference, I'm thinking of one whose attendees are in completely bull**** useless made-up professions. I'm figuring on starting with psychics, ... psychics and coin flippers.

 

They already had a conference for flippers. It was the ANA when the gold kennedys went on sale! I made sure to arrive early. Great conference!

 

So then you know about having a hotel room but sleeping on cold damp concrete.