Bored with US Mint Products

How about some low mintage, affordable, reverse proofs?

 

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That's a really good point. Congress writes some really bone-headed legislation, like making the First Spouse program half-ounce gold which virtually guaranteed it would be unaffordable. I wonder if they even consult collectors when they come up with these programs.

 

I'm not bored with current offerings, but I can tell you what I'd love to see.

A type coin series in original composition, of every type coin ever made by the US Mint, starting with the Liberty Cap half-cent, Flowing hair large cent, bust and flowing hair half-dimes, flowing hair half dollars and dollars, including all types of gold coins, Stellas, etc.

The coins could each bear the date they were originally produced along with the mint date.

Lots of people sell replicas of these coins, but these would be more desirable because of the original composition and because they'd be legal tender.

I'd buy them.

 

bored?

a am not bored with u s mint products. i am bored with antique coins. coins before i was born.

 

Where is your sense of history? Your coin collecting experience can be greatly enhanced if you study the history of the coin and what was happening during the time is was minted. This is true for US coins as well as world coins and especially so for ancient coins.

A numismatist is part historian. If you don't care anything about the history of the coin and the events that were happening when it was minted you are missing a lot.

 

I agree. Collecting is part history, part geography, and part economics as well as everything related directly to the individual coin. Current mint products just can't compete with that regardless of whether they grade a 70 or not.

 

NONSENSE! we are too busy idol worshiping long dead presidents! nothing wrong with remembering the forefather and all that goodness but i think people need a reminder of what liberty is or was.

 

I certainly like old coins, but I disagree that modern coins don't provide a history lesson. I've learned as much from the presidential dollar and First Spouse series as I have from old coins. For example, in relation to the Monroe dollar coming out I read about the Monroe doctrine. I may have known once what it was, but if I did I had forgotten it.

 

So would lower mintages make you more interested? And how dissapointed would you be if you werent one of the lucky ones to receive one of the low mintage coins? the Eagle comm. in silver has only 500,000. I think thats pretty low. But thats only what I think.

 

I think that's a valid concern. I suppose for me, I prefer the excitment of chasing the low mintage offerings -if you can't get one from the Mint, if you move quickly you can grab one on the secondary market as they go up.

Good example of being "unlucky" was with the AE gold reverse proof set -I missed it from the mint -but could have snagged one from the secondary market at a small premium before they topped out.

The thrill ...is the chase -which if you succeed in obtaining one -makes it that much more collectible to you because you had to work for it, rather than just buying one off the Mint shelf.

That's just me -I'm probably in the minority of collectors would sacrifice easy ownership for the thrill of chasing a low mintage offering.

For me, 500,000 is mid range, low would be 100,000.

 

If you don't collect them how could you be bored with them? Just ignore the posts.

 

I agree it's overkill but will still buy from US Mint before Franklin, NY or American. At least there seems to be a more consistent buy and sell understanding with secondary markets.

 

I shudder to think how much worth of collecting I've done from the Mint over the years. So, I'm qualified to be bored now :hammer:

But I still keep an eye on what they are doing -who knows, once and a while they do it right albeit by mistake.:kewl:

 

I think the problem with the mint right now is they keep adding more and more products but never end any of the series. The gold coins are a perfect example, they expanded the series with the W UNC coins in 2006, then expanded again last year with the Spouse, and also added in the buffalo coins to boot. This year will be expanded even more to include all denomiations of buffalos, an entire herd.

The right thing would have been to end the Eagle series or make it 24 KT if that is what they wanted. Instead we have an enormous amount of coins being offered. On the plus side it will make for some very low mintages as we are already seeing with the terrible sales of the 2007 W UNC coins, I can't imagine how low it drops next year based on rising metal prices and all the added buffalos.

Then you have to consider the inefficiencies of the mimt itself, the website was down for over a week earlier this year [would never happen to a major tech company] and the on again and off again sales of these coins for price adjustments [again would never happen in the industry like that except for the government].

Finally look at the Presidential dollars, they are making those while also making Sacagaweas that nobody wants. Sorry to sound so negative but it is true that they just keep piling on the products and never end anything. With the way things are going I am expecting to see 3 cent and twenty cent pieces back in circulation sometime soon.

 

Just a wild thought here but it HAS worked fairly recently.
The minst seems to cater to "new" collectors. Nothing wrong with that but we're not all new collectors.

The Buffalo has done quite well now hasn't it? Why not Draped Bust,Classic Bust, Seated Liberty etc. Just examples there but why not "commemorate" the history of U.S. coins?

A good way to boost sales and get new collectors.

 

I tend to agree with the posts that talk about the lack of low mintage products. For example, the demand for each new president has decreased with each new president released and with 2008 and 2009 having a bunch of no-name presidents what benefit is there to have 300,000,000 of them minted. Until demand rises again with the release of the Lincoln dollar, why not dramatically lower mintages for the next two years and try to get some "key dates" for the series. JMHO.

 

How about a series on presidents & first spouse's with their first dog.






(you know I'm just kidding. Right?)

 

Now I like this idea -limited mintages of course :smile