Discussion in 'US Coins Forum' started by Terrifrompa, Feb 28, 2021.
Log in or Sign up to hide this ad.
For example, take an ‘Emergency Release’ ASE, crack it out, and put it next to a regular bullion coin. There are ZERO differences between bullion coins minted in other facilities.
Says who? Everyone knows what it is and no it's not just new collectors buying them. Some people like things like that. It's okay not to like it, but it doesn't mean those that do are clueless
Collectors of the future will be interested in the coin only. Heck, you can't even get back what you paid for a mint set or a proof set a few years ago. This packaging scam being run by the mint, TPG's and dealers is costing many people a lot of money.
Again, you have your opinion and I have mine.
My only opinion is that I don't look down on people for liking what they like when it comes to collecting. The hobby would be much better if people weren't always belittling collectors for liking things they don't
I don't care what you say about it. But, these gimmicks and deals between the dealers and the mint take thousands of coins out of the pool that should be available to the general public. The dealers get them early and at a discount. When a collector tries to buy one they are unavailable one minute after release. Not right.
When you spend millions a year with them it's not surprising they get some perks here and there. Every company does that for their largest customers
They don't get an early shot on the things that sell out that quickly. They only gets shots here and there on high mintage items. Everyone has the same shot on the things that sell out that fast.
The ASE Proof went on sale Feb 11. The mint sold 678 40 coin packs to dealers at a discount. That is 27,120 coins that were not available to the general public/collector. The product was sold out immediately and was no longer available. Do yo think that is right? Do you think that is fair?
That's not even 10% of the mintage. It's more economical for them to sell some bid orders like that and those orders would have happened anyways. It's less man hours for them to make a couple big boxes than a lot of individuals and the big dealers don't do a bunch of returns like collectors do. It sold out but it wasn't instant and I have no problem with them giving a small percentage of large mintages to places that spend millions a year on coins. Every business does that and thats exactly what the mint is when it comes to collector coins, a business. All the major mints of the world do the same thing and several of them give significantly bigger discounts than the US mint does.
No dis respect by any sorts, but do you work or lobby for US Mint? Curious, I thought collectors were collectors and preferred sellers we're well ( vultures) to the common collector who just wants 1 coin not thousands to list on eBay?
When a guy like me that bought 27 coins last year from mint and didn't get auto enrollment filled and I see thousands on eBay? I smell a rat?
No affiliation to any mint or company that benefited from it. I'm just practical and being someone that does world coins as well this is par for the course with the major world mints. In the last few years the US mint has just been catching up and starting to act like the other major world mints have been doing for years.
I don't consider dealers vultures just for being a dealer, though some certainly are. They're an important part of the hobby and they do drive mint sales on a lot of items. I don't have an issue with them getting a little special treatment here or there as every company on earth does that for their biggest customers.
Personally I like when theres a bit of a frenzy and some chaos with releases, it's much more satisfying when you get one of those and theres some excitement to it. When something is available in unlimited quantities and just sits for over a year most people lose interest anyways
We are not talking about unlimited quantities. We are talking about the things people build their collection around. The people who want a special coins for their granddaughter. And others. If you want the coin and your enrollment is not filled, or, you can't get through 1 minute after the opening bell the only resolve is to buy it from a dealer for 5 times the issue price, A dealer that got it at a discount. It is wrong and you will never convince me otherwise.
It was a 327k mintage. They sold 300k of them on opening day. This isn't some low mintage rarity. They even sold 10s of thousands more in the congradulations sets. People had plenty of chance to get them and there will be plenty available for years to come. It's not even close to one of the keys of the series. It didn't sell out in 1 minute either which you keep saying like it was an instant sell out nor are dealers selling them for 5 times issue price, not even close. They're double issue price currently and already showing signs of weakness
And not to mention if you bought the last 20 years ASE's like me you'd probably want the last year before new design? ( Especially) No it was more like 3 minutes as I got my notification I went online to buy a spare 1 after 10 minutes before I could click in ( sold out)!
Separate names with a comma.