ASE Reverse Proof

Discussion in 'US Coins Forum' started by David Betts, Sep 13, 2021.

  1. Sting 60

    Sting 60 Well-Known Member

    The type 2 in my packaging was out of the slot; the coin on the right. Same as the video.
     
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  3. Jim Dale

    Jim Dale Well-Known Member

    I don't know if they use volunteers or employees to package the coins we buy, but they use to be secure in their boxes with styrene blocks. Now they have newsprint paper, the boxes the ASEs came in are cheap. They are thin cardboard. Is there a source of the coin holders that they use to put the ASEs in? Although they were then put in a thin cardboard box, it was nice to have the coin holder and then the box holders.
    Oh yeah. I saw yesterday the Ryder stepped down as the Director and an Assistant Director has been chosen as the Acting Director. Wasn't Ryder only the Director a couple of years. He probably couldn't stand the heat that was on him by customers and others.
     
  4. John Burgess

    John Burgess Well-Known Member

    Mine got marked shipped by the mint yesterday, no new info on the usps site, but no surprise with elcheapo shipping that part will start up next week not on a Saturday. I think the mint was trying to get it all out the door before the shipping rate increases took effect because they sure weren't in a hurry to fulfill the order. Lol.
     
  5. Jim Dale

    Jim Dale Well-Known Member

    If the Federal Government doesn't approve a budget, will the Mint be affected?
     
  6. John Burgess

    John Burgess Well-Known Member

    To an extent. They would have essential functions and dept of treasury would switch to "extreme accounting measures". Bep and US mint would need to continue doing their main functions though and suspend all extraneous functions that aren't deemed essential services to conserve their budget.

    At least until the govenment mints a half dozen trillion dollar platinum coins, monetize it and print up the cash for it.

    Inflation possibilities exist of course by doing this but it would probably still be better than not raising the debt limit and defaulting which would have immediate disastrous effects on the economy here. It would be a way out, to say "yeah this tactic isn't gonna work of refusing to pay the bills, so let's actually work on filling the hole we dug back in, while we just bought some time to actually work on it.

    I'm not saying its a good idea, just saying if a default is the other option that crashes the stock market, the dollar, the economy and spikes unemployment, its a better option than defaulting.
    It functions sort of like quantitive easing, but the treasury mints the coin, sells it to the federal reserve, and at a later date, the treasury buys it back and has it melted down. They could do it with federal assets, or with a bond, same kind of thing in the long run but that would be between the dept of treasury and the federal reserve only and no need for congress because the legislation that allows a platinum coin leaves the denomination open to be whatever they want it to be as well as its size.

    Anyways. The debt ceiling has to be raised, it's money we already have spent and it's unconstitutional to default on out debts, public or private. They are going to have to do something on it. Just seems like they enjoy playing chicken with it because nobody ever actually works on having a budget surplus and paying the national debt down.
     
  7. -jeffB

    -jeffB Greshams LEO Supporter

    Well, not since the late 1990s, anyway.
     
  8. Mike Thornton

    Mike Thornton Learning something new everyday.

    My set arrived today. Pretty happy, all in all. It was well packaged and did not rattle, but on opening, one of the capsules had come loose and was out of the socket. The T-1 has what looks like a hairline in the shape of a upside-down V on Liberties left breast. Inspected it with a loop, from various angles and it doesn't act like a reflection from the capsule. I may pop the capsule open later to confirm but a bit concerned about letting some ambient humidity into the capsule. Well at least I own a set and the T-2 looks awesome.
     
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  9. David Betts

    David Betts Elle Mae Clampett cruising with Dad

    If there's such a thing as a DMPL PF 71! It came in mail today the 2 coin set is by far the best I've seen from mint in over 40 years! Beautiful!!
     
  10. edssco

    edssco Junior Member

  11. Jim Dale

    Jim Dale Well-Known Member

    I just got the info from the Post Office that the set should be delivered on the 9th. Do they deliver on Saturday?
     
  12. edssco

    edssco Junior Member

    I got mine today the coins
    look great and no packaging issue
     
  13. COOPER12

    COOPER12 Well-Known Member

    Now when will the Morgan’s start shipping
     
  14. Jim Dale

    Jim Dale Well-Known Member

    "Sometime" in October is what was said. As of today, they have 25 more days in October to deliver. Yeah, right!
     
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  15. USS656

    USS656 Here to Learn Supporter

    Hard to believe these are selling at Buy-It-Now $250 on Ebay. Sellers are making a little more than $30 after fees. This has to be one of the worst performing Reverse Proof Sets of the series.
     
  16. Casman

    Casman Well-Known Member

    Not hard to believe at all. Tennis shoe sellers content to make $20-$30 a set. For some it fits their margins perfectly.
     
  17. dwhiz

    dwhiz Collector Supporter

    My set arrived today 2021 S and W RP set B.jpg 2021 S and W RP set A.jpg
     
  18. Jim Dale

    Jim Dale Well-Known Member

    Wow! I finally got mine. Every time a set was posted and I saw what they got, my anticipation grew and grew. Now that I finally have it, I am now waiting for another one of my purchases. the D and S Morgans and the gold horse.
    I wonder how many of the citizens of Coin Talk bought the 2021 W American Liberty High Relief Gold Coin at $2,715? I hope I did the right thing.
    Anyway, the Reverse Proof TY1 and TY2 are really nice.
     
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  19. David Betts

    David Betts Elle Mae Clampett cruising with Dad

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  20. Jim Dale

    Jim Dale Well-Known Member

    I like your "Woody."
     
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  21. masterswimmer

    masterswimmer A Caretaker, can't take it with me

    I've received a couple of his 'woodies'. :wideyed:
     
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