Think about it. If the reverse proof is really good. Why not the American eagle proof, minted each year so many. And choose to stay continue minting them. and why not the mint just change it to reverse proof instead?. The simple answer is. The proof is the most beautiful coin on earth.
Are we sure the reverse proof dollar coins will be unique to this set only? http://www.coinworld.com/news/us-mint-to-issue-reverse-proof-set-in-2015.html# I doubt it.
2015 Truman chronicles coin set pre-sale offer at eBay for $77.95 a set. Two offers posted. Buy it now. Mint will sell this set at $57.95 on June 30, 2015.
Talking about reverse proof recently. The real winner is the 2014 Native American $ and currency set. Original cost $13.95. eBay weekly average price $55.61.
I intially said no, I read about them again and thought yes, and now I am back to no. Not worth the effort. Non eBay stores will lose 12% off the top. Margins are going to be razor thin and market will be flooded. I'm out. I really think the 2011 25th Anny set let the cat out of the bag on hoarding "low" mintage coins, especially in favor of the US Mint. This is all a game for them. I have an entire box full of Coins and Chronicle sets that I need to purge eventually (probably 30 of em, various sets) and they are going to be more trouble than they are worth. However, The Olympic of Atlanta coin sets actually net a pretty penny. I have 4 complete sets (minus the green box), should net $200 a pop.
I hate to say it this way, but I'm glad that flippers and speculators are thinking twice. It would be refreshing to see the sets sell to people who actually want them and want to keep them.
I hope that wasn't directed at me. I have flipped one Mint set (2011 25th Anny). The rest of my coins have been held for longer than 15 years. Haters gonna hate.
With these already appearing on Ebay as presales; I'm sure the entire mintage will be sold out fairly quickly with the bulk of sales being those looking to flip them for a profit. Probably be some special 'Presidential label' offered by the TPG's much like the dime sets for the first strikes or early releases or whatever they call them also.
My problem with hoarders is only when they prevent people who legitimately want a set for their own collection (not for resale) from being able to get one. That's not being a hater, it's being interested in letting as many people as want them an opportunity to purchase one from the Mint. That's called fair play.
Ain't nothin fair about free market capitalism. Commodities are hoard for the benefit of those with capital to the detriment of those without it.
so, if someone wants to buy the entire Mint supply of an item, if he is first in line, then he should be able to do so???
It wouldn't be the first time that something like this happened. I know of a couple of folks that bought 10,000 of the George Washington Presidential Dollar Coin Covers which represented 1/4th of the total offering which is why the product went dark in only a couple of days. It is Capitalism which allows free thinkers to jump in and take a gamble on an investment for the purpose of resale. If folks want to insure that they get one of these for their "collections", then they need to be ready and available at the opening bell. I know that I will. Just like I was with the 2011 Anniversary Sets of which I secured 5. Now, having said that, I don't necessarily agree with the 5 per household oredering limit on an item with a limitation of only 17,000 sets. I do believe that this is short sighted on the US Mint's part and it will most certainly change woth the release of the other sets through out the year. BUT, it is what it is and there is nothing I can do to change it. I simply need to work with it. Not everybody can win the lottery.
So what you're saying is, you don't care about other coin collectors as long as you get as many as you like. I think it's ironic that you call the Mint greedy.