A Perfect Example of Why to NEVER Buy From TV

I found 10 at a local coin show last weekend for $32 each... this is in my hand and out the door. I think shipped from the mint is a couple bucks more then that.

 

Log in or Sign up to hide this ad.

The mint was/is selling the Clad proof Set for $29.95 and the Silver for $52.95

Since you said last weekend I assume you are talking about the Clad set.
Since you bought 10 set you actually paid more money!!
29.95 x 10 + 4.95 = $304.45 So you paid $15 more for your sets.

 

I was speaking one for one... if you ordered one from the mint or bought 1 at the show, but you make a good point. I was picking them up now to stash before Christmas.

 

I bought 2009 clad proof sets from the mint at $30.94/each. Five sets at $29.95 and shipping and handling at $4.95.

 

This is not our responsibilty but feel free to contact AARP and the social security office. Maybe they can insert a note with the next check/membership drive. At some point we have to take responsibility for our own actions.

There will always be predators and prey. Call your parents/grandparents and alert them and reccommend that they spread the word at the retirement home, bridge club, bingo night at the fire station.

 

So what would you have the mint do? Restrict the number of sets that people can order like they did in 1999 with the proof sets or with the UHR? No more than one or two per household? I seem to recall there was a lot of wailing and gnashing of teeth both times they did that and everyone was complaining about the mint doing so. And of course in both cases eventually the mint removed the limit, but in order to protect future prices I would suppose you would insist the limts stay on.

Or they could just set an arbitrarily low mintage and leave the number to be ordered open. Make for a quick sell out and guarantee a high secondary market price. Of course almost everyone will be shut out from ordering from the mint and have to pay that high price, but if that's what you want. . . .

Maybe combine the two? Low mintage and order restrictions.

Anyone see any of these suggestions making everyone happy and not causing a low of complaints?

The MINT does not and can not flood the market. They don't set the mintages, they are set by the number that people order. (Except for the Bicentennial proof set where Congress ordered that they had to MAKE 15 million sets, not limit the mintage they HAD to make that many.) The reason the market gets flooded and the prices fall is because so many buyer figure they will order five, and sell four so their set is free. That puts way more sets on the market than the long term collector base can support.