I'm personally upset that the mint would try to continue producing all '04 and '05 items with these nickels included in them!! It sounds like the ole' bottom line again, is taking over. The Mint is in business to make money and be self supporting but I feel this is the last straw! Their prices are already high enough to support them quite nicely!! This will shake my confidence in them even further than it already has sunk!!
Can you explain a bit please - to the best of my knowledge none of the '04 or the '05 nickels are being produced any longer
From what I understand, the Mint has ask to have the limit removed on the "cut-off" date of sales with any set containing any of the nickels in them. It was favorably received and is expected to pass. This way they can sell those little beggers for the next 50 years if they have the nickels to put into them. This should really hold down the secondary market, shouldn't it?
If this is a fact there is a bill pending in Congress with "HR" or "S" number. With the number, the text and status can be looked up and verified. Without it, this is just another urban legend.
You are right Roy, it would take additional legislation to accomplish this extension. I have been looking for it and ran across another item which is just as interesting. Here it is, with my permission to move it to the other forum if you think best.
Oh Brother....I guess the USPS is feeling the lost of money from people using email. That is the last thing we would need. I wounder if they would also charge for forum use! Speedy
5 cent surcharge Interesting concept, this charging for e-mail. Does this mean the morans sending 30 or 40 junk mails to me every day will have to pay the nickel or would they try to bill the person receiving----or both? Another question, since I delete 100% of junk e-mail wonder if they would still try to collect on it?
I hate to tell you this pal, but that urban myth has been around for over six years, and has been repeatedly de-bunked. >> Click here << for one of the 500+ Google hits on "Urban Myth 602P" One giveaway is that "Bill 602P" designation, which is most emphatically not proper ID for any bill pending before Congress, or any of the 50 States, District of Columbia, Puerto Rico, Guam, Virgin Islands, or any other US possesion or territory. A bill originating in the House of Representatives is designated "HR####", and one originating in the Senate is designated "S####).
under payment sending mail at .37 cent first class is quite underpaying to u.s.p.s. if they charge you 1.00 for a letter. still you have to use it. because the government force u.s.p.s. to stay low on its pricing of first class mail. see new york subway from .05 to 2.00 a trip. while mail is from .03 to .37 cent. don't even have to mention other thing or product. i hope government will charge e-mail fee.
Back on topic anything the mint does to undercut the secondary market will absolutely undercut the primary market as well. :vanish:
I don't think there's anything to worry about with the '04 or '05 nickels. This is straight from the horse's mouth (so to speak): "WASHINGTON– The United States Mint is encouraging customers who wish to order products that contain 2004 or 2005 nickels to do so this month (no later than December 1, 2005) for guaranteed delivery. The authorizing legislation for the Westward Journey Nickel Series™ requires that the reverse (tails side) of any 5-cent coin (nickel) issued after December 31, 2005, shall bear an image of Thomas Jefferson’s home of Monticello. Therefore, the 2004 Peace Medal and Keelboat nickels and the 2005 American Bison and Ocean in View nickels may not be sent to customers after December 31, 2005." This was from a U.S. Mint press release dated November 3, 2005. You can read the entire statement here (although the above paragraph pretty much covers it). So rest easy. The Westward Journey nickels won't be flooding the market anytime soon. (On a side note, though, the U.S Mint's statement uses the words "...issued after December 31, 2005...", so wouldn't that theoretically mean that, as long as the coins were struck prior to 12/31/05, they could be sold, but new WJ nickels couldn't be produced in 2006??) - Andrew : )
I was quoting from an article in the Nov. 26th edition of Coin World ie: House OK'S extension in amended legislation of HR 1953, which allow the Secretary of the Treasury to continue to issue, after Dec. 31, 2005, numismatic items that contain 5 cent coins minted in the years 2004 and 2005." To me this article is a little ambiguous, you know different words mean different things to different people!! Like SELL and ISSUE!!
I don't know about this extension stuff. It does have the right letters before the number of the legislation, but it could be just another "urban legend" as Roy called them.
Take a look at Section 8 of the Bill passed by the House of Representatives on November 10, and presently pending in the Senate Committee on Banking, Housing, and Urban Affairs, as posted at the Library of Congress website. As a lawyer, I read that language as clearly stating that the 2004/5 nickles to be "issued" (sold) after midnight on December 31, 2005, must be in existence (that is "minted") by that deadline. To go into effect, the bill still needs to be approved by the Committee and either passed by the full Senate without amendment, or re-passed by both houses after any Senate amendments are hashed out by a joint House/Senate Conference Committee, and signed by the President - all before December 31 while Congressmen are concentrating on plans for their Christmas parties back in the district. I think it has three chances of becoming law: slim, fat and none. (I've included the full text because of its interest to this group.
