US mint returns?

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I don't know what's so hard to understand for some folks but the the US Mint does not guarantee that it's coins leave their hands in a perfect grade. They have nothing to do with passing their coins through inspection prior to release based on the terms of a secondary collector market grading system. Coins are Minted to their quality controls of what is determined to be acceptable as Proof and Unc, they are inspected and handled to prevent damages and try to prevent any damaged products from leaving their facilities in such condition as 'mint errors'. That a coin on the TPG label is judged a 68 vs a 69 means nothing to the quality of the product sold by the US Mint whether you are the first, second, third, fourth or further down the line customer to receive the exact same coin. You may think its wrong, but until you see it from the Mint's operational perspective you are the one who is wrong in your expectations and in so much shouldn't be buying coins from the Mint but rather certified to your expectations by a TPG.

 

When you're dealing with coins of uncirculated grade from the US Mint, I agree with Krispy, there is no guarantee of any flaws that may be on the coin.

What you all have to understand is what it would cost the Mint to melt those returns down, and remake them into the original coin. It far exceeds the trouble and bother than to just simply resell the coin to another buyer.

 

...you're missing my point.

 

...which is???

You can't have your cake and eat it too, but you can order from the US Mint on the first day of release of a new coin issue to prevent getting someone's sloppy seconds.

 

Absolutely! They can come up with a better idea than that and still sell all their coins and have the public happier! I'm just sayin, someone said to mark the packages as 2nds or something to that affect. That would work for me but to leave their system the way it is is only gonna multiply their numbers of unhappy customers. They get a big thumbs down for continuing that lowly practice. :rolling:

 

There's nothing lowly about the Mint's practice. It has become a problem due to a certain increasing number of members of the public who buy directly from the US Mint with an unrealistic expectation of coin perfection as defined by TPGs employing the Sheldon 70 point grading scale, which the US Mint never made any such claims of guarantee to their customers. You will not get them to mark the returns and sell them for cheaper to you? What do you propose that they put a chop mark hammered into the surface of the coin to indicate it's been returned? How are they going to do this? One by one, by hand? At whose expense? This would only increase the retail price of their products overall and ruin a batch of coins that you perfectionist would never want because it would become bullion not collectible numismatic issues... think about it before you cast the fault on the Mint. The TPGs and the collectors of slabs who agree to the 70 point system as defining perfection are to blame for the vast majority of coins returned to the Mint. The Mint has every right and intent to resell products it deems meet their quality control and in new salable condition. Period.

 

No, but I think you missed mine.