Discussion in 'Bullion Investing' started by luke2012, Jul 18, 2012.
some collectors will not deal with the mint.
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I think I'm gonna be going in a similar direction. I will still buy ASE's for bullion but I won't buy any from the mint anymore. It just won't go with my collection anymore, and I really don't need the gov't packaging. :thumb: Of course I may buy a set if it looks like I'll make a few dollars but other than that I'll stock up on junk silver and regular run of the mill ASE's.
Yeah, that government packaging is brutal. I always wondered why all mints believe they are adding so much value with packaging when we are COIN collectors, not mint cardboard collectors. A friend has a ton of later mint products from around the world, and his storage is probably 10 times mine for similar amounts of coins. He has a whole executive safe full, and if they were my coins they would fit in a medium SDB.
Yep, the mint enables the dealers/speculators at the expense of the collector. If they cared about their collector customers, they'd limit the mintage to 100k or less and limit it to 1 per household. It took the atb p hotsprings a week to sell out 27k with that limit, giving all a chance to get one. And most important, not reissue a coin when all believed it to be exclusive to one set.
Yep, and if they wanted to, they could make nice packaging much more storage friendly. Although the 25th ann set packaging was well received, it could have been more “streamlined” – I’d say it’s like a 1950’s computer and it could be like a notebook. Or take the dollar commems, why is that small box in plastic and a sleeve 5 times it’s size?
I'm heading there too - just like I do with corps that claim to be patriotic, yet outsource jobs to Communist China.
the mint might use those less quality 2012s ASE proof eagle and dump into this coin and currency set. there is no way you can take those coins out. cause it is sealed in a cardboard without a capsule. that is why it is cheaper. i won't buy this set. do you?.
How do you suppose that the mint could determine which is which?
But what if there are more than 100K collectors that want one. If something is hot and in demand it doesn't matter if there's a one household limit, it just means the dealers will just have to hire more people to place orders to get as many as they want, which they will do if they think they can make a buck off of the item. The end result is some collectors will still get shut out.
Minting to demand or minting enough to satisfy all the collector demand is the only way to make sure that all the collectors that want one at issue price can get one. Then you have collectors moaning that the high mintages ruin the value of their collection. It's a no win situation for the mint. You simply cannot please everybody.
As a collector, I don't give a hoot that the mint is going to issue more of the S proof. I didn't buy any of the sets to flip, only one to keep so the fact that the set may not hold it's value is no issue to me. I buy some of the commems and mint sets knowing full well that I may lose money on them, I'm OK with that.
The coin and currency set came out of nowhere and does not make any sense. It may be that the Mint is expecting a good number of cancellations or returns or problem orders on the 75th anniversary set (perhaps this has already happened), so they created this coin and currency set to get rid of the S ASE proofs instead of melting them down. This would keep the mintage of the S ASE proofs close to the 250 K posted by them on the final day of sales. The reverse proof ASE might end up having a mintage lower than 250 K unless the Mint repackages them as well. Maybe the production of the RP ASE lagged that of the S ASE proof and they do not need to repackage them. It will be interesting to see the FINAL mintages of both these coins in the months/years to come. TC
Adjustng the mintage to the expected demand and limiting it to one each creates a better collectable and makes it much harder for dealers/flippers to accumulate as many. I only bought one 2012 set for my collection, but I'd like to see it appreciate, not be undermined by questionable marketing.
Has anyone seen a written statement from the mint that an S ASE will be included? If not, why is the mint ignoring our concerns? Must be because they care so much.
Please forgive my ignorance, as I do not keep up with modern issues as much. So, the mint marketed this special 2 coin set, at a premium, to collectors, and after it sold they turned around and put one of these special coins into a coin and currency set?
If they did, talk about a hose job. I didn't order one of these since I didn't have a kid born this year like last year, However, if I had, and this was true, I would quite the PO'ed about it.
Maybe with all the hate mail we're generating, maybe they'll switch it to the "W"?
Wishful thinking on a rainy day.........
Or maybe a unique mint mark! Remember that rumor that we’d see a D mint ASE this year?
I can’t believe after the kudos the mint received for handling the 2012 SF set the correct way, they would turn around and shoot us and themselves in the foot. Well okay, it’s the mint, I believe it.
Hose job is right!! You see, the mint doesn't have to run every little idea pass anyone like congress at all. Anytime someone over there gets a wild hair, they throw us a curve ball. WTH!!
yes that is an accurate description of what happened
Man, sorry I missed the story. So the mint catches heat for their handling of the 2011 set, and then they do THIS? Are they intentionally trying to drive away customers?
Kind of hard to fatham that level of incompetence in customer relations. Its just a stupid little mint mark. The literally have a license to make money, why hose those who are paying their bills?
Please see my post here and CALL THEM
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