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<p>[QUOTE="Wehwalt, post: 1965722, member: 33595"]Obviously it's all about the money ... the Mint's profit from 2,500 coins sold at about a 30 percent premium over melt may be calculated. If the dealers were paying $800 to people to wait in line, as I heard at the show, and people were doubling their money, well, if there's a lot of money in it for the Mint, the dealers, the grading services, and even the ANA, which must have sold a lot of day wristbands and memberships. Not criticizing the ANA, which does miracles with very little money or staff</p><p><br /></p><p>The only problem is, it makes the hobby look ridiculous. Obviously there's a market for this stuff at such a high premium, or they would not be doing it, but I think it needs to be done differently. Say, pre-order for members as part of the pre-registration, and if too many order, do it by lottery, possibly weighted for seniority (one chance for every year you've been a member). Yes, it will cut back on dealer profits some, but right now most of them are falling to the big dealers as few can spend a night and often, part of a day, waiting. The dealers will still wind up with the bulk of them, but they will probably have to pay a bit more and won't get as many.</p><p><br /></p><p>And I agree, it is amazing what the ANA does on a relative shoestring, god bless them.[/QUOTE]</p><p><br /></p>
[QUOTE="Wehwalt, post: 1965722, member: 33595"]Obviously it's all about the money ... the Mint's profit from 2,500 coins sold at about a 30 percent premium over melt may be calculated. If the dealers were paying $800 to people to wait in line, as I heard at the show, and people were doubling their money, well, if there's a lot of money in it for the Mint, the dealers, the grading services, and even the ANA, which must have sold a lot of day wristbands and memberships. Not criticizing the ANA, which does miracles with very little money or staff The only problem is, it makes the hobby look ridiculous. Obviously there's a market for this stuff at such a high premium, or they would not be doing it, but I think it needs to be done differently. Say, pre-order for members as part of the pre-registration, and if too many order, do it by lottery, possibly weighted for seniority (one chance for every year you've been a member). Yes, it will cut back on dealer profits some, but right now most of them are falling to the big dealers as few can spend a night and often, part of a day, waiting. The dealers will still wind up with the bulk of them, but they will probably have to pay a bit more and won't get as many. And I agree, it is amazing what the ANA does on a relative shoestring, god bless them.[/QUOTE]
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