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<p>[QUOTE="yakpoo, post: 832150, member: 18157"]I just wish they would tell us what they plan to do so we can make an informed decision. For instance, they came up with the coin price chart...<b>great</b>!! Everyone knows when prices will go up or down...and make purchase decisions accordingly. They should have that kind of openness with all aspects of their coin programs.</p><p> </p><p>Every non-soldout First Spouse coin has had a run up in sales at the end if it's issue...based on Collectors "believing" (based on all available information provided by the Mint) that there won't be any more sold. If the Mint later sells off a bunch more, that seems to violate an "implied contract" (imo). If that's not <b>legally wrong</b>, it's certainly <b>ethically wrong</b>.</p><p> </p><p>Btw, the increased premium for the First Spouse coins is to cover production expenses...based on a 40,000 coin mintage (vs. mintages of other bullion coins which can be 1,000,000 or more). That's another reason it's in the Mint's best interest to produce more coins and sell them on the bullion market...to recoup production costs.</p><p> </p><p>Honestly, I doubt the Mint goes out of their way to produce extra coins just to have them sit on the shelves. However, if they do a production run of, say...20,000 coins and only 10,000 are sold, I can see them selling the left over coins on the bullion market rather than melting them down. ...and that's OK, too, as long as they report an accurate mintage count.</p><p> </p><p>Why does the Mint have so much trouble counting coins? Have you seen the constantly fluctuating mintage numbers on the 2008 fractional buffalo coins? This isn't rockets science...any kid watching Sesame Street can come up with a better coin count than the Mint.[/QUOTE]</p><p><br /></p>
[QUOTE="yakpoo, post: 832150, member: 18157"]I just wish they would tell us what they plan to do so we can make an informed decision. For instance, they came up with the coin price chart...[B]great[/B]!! Everyone knows when prices will go up or down...and make purchase decisions accordingly. They should have that kind of openness with all aspects of their coin programs. Every non-soldout First Spouse coin has had a run up in sales at the end if it's issue...based on Collectors "believing" (based on all available information provided by the Mint) that there won't be any more sold. If the Mint later sells off a bunch more, that seems to violate an "implied contract" (imo). If that's not [B]legally wrong[/B], it's certainly [B]ethically wrong[/B]. Btw, the increased premium for the First Spouse coins is to cover production expenses...based on a 40,000 coin mintage (vs. mintages of other bullion coins which can be 1,000,000 or more). That's another reason it's in the Mint's best interest to produce more coins and sell them on the bullion market...to recoup production costs. Honestly, I doubt the Mint goes out of their way to produce extra coins just to have them sit on the shelves. However, if they do a production run of, say...20,000 coins and only 10,000 are sold, I can see them selling the left over coins on the bullion market rather than melting them down. ...and that's OK, too, as long as they report an accurate mintage count. Why does the Mint have so much trouble counting coins? Have you seen the constantly fluctuating mintage numbers on the 2008 fractional buffalo coins? This isn't rockets science...any kid watching Sesame Street can come up with a better coin count than the Mint.[/QUOTE]
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