2012 Silver Eagle San Francisco Proof Set "PRICE WATCH"

That's all fine and dandy thinking if the U.S. Mint were like a normal business in making profit and revenue but they essentially are a non-profit, any profit after paying the bills they turn back over to the Treasury.

It can afford it's server that is sufficient 99% of the time, what it likely can't do like I explained above is pay millions or more to support a rush of 100k or more hits for that big event sale that happens once or less per year. Servers just don't run themselves either, the more you have, the bigger team you need to maintain them, etc, so costs go up, energy costs go up, etc.

 

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Nope, I'm not surprised by the number by being too low. This isn't like the 5 coin set last year which was limited by mintage numbers. This set is made to order, if someone puts in an order of a billion, they'll mint a billion of them and you got a whole month to order, so I'm actually surprised that the number was so high, those were all the people who have "me first" syndrome, gotta be the first even if they're all shipping out about the same time in a month.

 

The US Mint is the farthest thing from a non-profit with it's numismatic products. Non-profit, what a laugh that is! A profit is a profit.

 

Doesn't matter though, they make profit every year but after their bills are paid, the rest is given to the Treasury, so they're technically non-profit at that point. Even non-profits can make a profit in a fiscal year, doesn't make them a commercial business that is for-profit. Just look at it like this, they're not out to only make profit like a normal business can or does, they don't have shareholders demanding more profit so they're shares increase in value. Please look into how non-profits operate, profit doesn't necessarily mean you are no longer a non-profit.

 

You said it, green. This profiteering mentality gets very old, very quickly.

 

From their own website:

U.S. Mint = Not For Profit

Nuff said!

 

Yup. I'm still up in the air about ordering one and it's not going to based on mintage numbers, its if I simply desire to own one or not at the issued price. Quite frankly, I think the price is a little high for two ASE's, they would have been better off at around $129.99 or so.

 

You can try to shuffle the term around with technical categorization but moving the profit from one activity into the accounts and holdings of a sister institution is still a profit earned. Let them sell at cost to the consumer if they are truly non-profit. Wasn't TARP said to be a $24 billion profit heralded by the government... The government institutions are run by business people keenly aware and interested in making a profit, as well as using it to justify the success of what they do in office. I will for go any further reference to politics as we can't talk about it on CT, but you cannot convince me the Mint is not aware nor impressed with the fact that they can turn a profit, even if the money goes elsewhere in government afterwards.

 

Don't believe everything you read.

 

I agree the price of this set is marked up too high without just explanation for it, but I order 1 or 2 sets as a collector, for my personal collection.

 

Especially in the Internet age. The magic word is "seignorage."

 

Well, you've brought nothing forth as actual evidence. Besides, they release their information to the public.

The USPS is also not-for-profit, it's just a shame they're in the hole each year and us tax payers foot the operating bill, just like we would if the U.S. Mint operating costs exceeded the revenues pulled in.

But again, you're only stance is if an organization, government subsidy or anyone who posts profit is not a Non-Profit, which is wrong.

Here's a good example of non-profit compare to for-profit:

That statement alone describes the U.S. Mint as a Non-Profit. So if you have any evidence that says otherwise compared to the codes detailed between a for profit and non-profit, I'm all ears.

 

I never said they didn't make profit, what I'm trying to tell you is, they are a not-for-profit government subsidy. The term stands, non-profits can make money too, it's just what they do with the surplus that describes them as non-profit or for-profit organizations or companies.

Geez, it's like talking to a rock!

 

The citizens of the US are the shareholders. The citizen don't like debt, they prefer a profit.

 

You can refrain from insults even if you can't get others to agree with your definitions.

 

So, what do you think they're doing then, they're giving it up to the Treasury Department, which one of their jobs is to pays our bills and manages the debt. Geez!

 

That's where your wrong again, I didn't call you a rock, I said it was like talking to one.

 

I don't need others here to confirm what you can find online, in books and our governments codes of what the difference between a non-profit and for-profit. It's pretty straight forward of the difference between the two. I just hate it when people say the U.S. Mint is a profit rearing company, which they are not. They're goal is not profit, they're goal is to pay their operating expenses and their revenues are not shared amongst shareholders or company employees, it's thrown back to the Treasury department. No individual gets the profits. That's what for-profit companies are, people invest in them to make money. One doesn't require a doctorate degree to understand this.

 

I've said it already, they are making a profit and are not a non-profit despite you trying to technically excuse them from being so. Said it already plain as day and not sure how you missed it before to get to this point to ask me again.

I'm wrong? Now you're telling me whether I know whether I've been insulted or not. Please. Back to the OP, this little side show is done.

 

This thread is not meant to be about politics and we cannot discuss politics on CT. I tried to put this down already by not going to far and so I will not further discuss this for that reason. There is a debate though that could be had that argues what you said you hate to hear from people about the government. And now I'm done with this. Sorry to cut it short but I think we must.