First ever colorized US coin mintage/product limit confusion...

Discussion in 'US Coins Forum' started by shaney777, Jul 14, 2020.

  1. shaney777

    shaney777 Member

    I am very excited about the first ever colorized US coins, but the mintage and product limit is very confusing. On one coin it says there is no product limit but there is a mintage limit. How is it logically possible that there can be more products than coin mintage? All products need the same coin inside, and the product has labeling unique to the coin. It doesn't make sense.

    Also, the coolest colorized coin says 75,000 product limit with 750,000 mintage limit across all products. Well, there is only one product with labeling unique to that particular coin, and no other products that feature this coin. Confusing!

    Update: It gets even more confusing! A Coin World article from four days ago states that a Denver coin will be colorized, yet the Mint site shows nothing from Denver - only the silver Philadelphia and clad San Francisco. This article states as well that max mintage for each of the two colorized is 75,000. That is not in line with the Mint site.
     
    Last edited: Jul 14, 2020
    Inspector43 likes this.
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  3. baseball21

    baseball21 Well-Known Member

    75k will be colorized (not impressed with the coloring on the dollar though the half is kinda nice) and no more than 750k will be made in any style. So theoretically you could have 675k non colorized and 75k colorized but the sales won't approach that number
     
  4. Inspector43

    Inspector43 72 Year Collector

    That is part of why I have stopped buying from the US Mint. They put too much junk out. So much junk that I can't keep up with. I quit about 2 years ago because I had missed some things. Look at what a person needs to stay up. Just count how many quarters you have to buy in one year. Then figure that many of them are marketed so that only a big dealer can get them. And they still pay a premium. I quit after 70 years. I am still collecting circulation grade as I find them. And organizing what I have.
     
  5. baseball21

    baseball21 Well-Known Member

    Realistically nothing besides bullion is actually marketed so only big dealers can get them and the only reason for that is that they don't sell bullion directly to the public. Everything else anyone can get
     
  6. shaney777

    shaney777 Member

    Yes, I would only consider the clad half. But I just saw someone on YT saying that the clad is too much color, and they like the dollar better. LOL
     
  7. shaney777

    shaney777 Member

    Right - if you are trying to collect a whole series or album, getting all of the different products gets ridiculously expensive.
     
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  8. baseball21

    baseball21 Well-Known Member

    To me the dollar looks awful and cheap like they couldn't afford to color the rest. The half at least for that side is actually attractive until you turn it over
     
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  9. shaney777

    shaney777 Member

    Except for that stupid 2019 enhanced silver eagle! I tried so, so, so hard to get one. I planned, practiced, and it was all for nothing. Buy for $60, sell for 2K. What did I think was going to happen with the website? lol
     
  10. shaney777

    shaney777 Member

    I agree. The other side is very weak when compared.
     
  11. baseball21

    baseball21 Well-Known Member

    Which was overwhelming bought by individuals. Nothing about that was set up to benefit big dealers or dealers in general. Everyone had the same chance at it
     
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  12. baseball21

    baseball21 Well-Known Member

    Yea not a fan at all of it and will stay away from them from what I deem a poor design
     
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  13. shaney777

    shaney777 Member

    Well, dealers were paying off people and giving reward money for any they could get their hands on. So a lot of purchases were probably from people who don't even collect coins.
     
  14. Inspector43

    Inspector43 72 Year Collector

    @baseball21 said "Realistically nothing besides bullion is actually marketed so only big dealers can get them and the only reason for that is that they don't sell bullion directly to the public. Everything else anyone can get"
    So, how many S mint circulation grade quarters do you need to buy from the mint to get one for your set?
     
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  15. baseball21

    baseball21 Well-Known Member

    So? That means dealers were paying more in the aftermarket. Anyone could have done that if they wanted
     
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  16. baseball21

    baseball21 Well-Known Member

    ?
     
  17. Inspector43

    Inspector43 72 Year Collector

    I remember one dealer when the 2011 ASE set came out and he had several hundred boxes in a picture he sent me. That set had a household limit of 5.
     
  18. baseball21

    baseball21 Well-Known Member

    Which means he spent more in the aftermarket buying them all which anyone could have done. That's not a dealer only product marketed by the mint
     
  19. Inspector43

    Inspector43 72 Year Collector

    The least you can get from the mint of the S is 40 coin roll at $19.75. The P and D come in the Mint Sets. Not the S mint, it is special. And the mint makes special profit on it.
     
  20. Hamilcar Barca

    Hamilcar Barca Active Member

    As a public institution, the Mint should cater to the collector, not ensure a profit for the dealer community.
     
  21. baseball21

    baseball21 Well-Known Member

    And?
     
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