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<p>[QUOTE=&quot;krispy, post: 1166367, member: 19065&quot;]It&#039;s not just a matter of business, profits and competing for those&nbsp; profits. There is a much bigger picture and other aspects to consider.</p><p><br /></p><p>MCM&#039;s offer subverts the 1/HH rule in a big way. The rule was imposed by&nbsp; the Mint to make high demand, low mintage coin releases more fairly and&nbsp; EVENLY distributed among the buying public at the fairest price. MCM&nbsp; are playing the Mint&#039;s system brazenly and will increase the challenge&nbsp; that individual collectors have at obtaining these coins, and raise the&nbsp; premium on buying them as well. The commission MCM are offering for&nbsp; these will further flood the phones and servers at the Mint on release&nbsp; day. This will tax the system and frustrate the Mint&#039;s customers. People&nbsp; who don&#039;t care about the coins but want a meager reward will be <i>inspired</i>&nbsp; to profit, buying from the Mint and flipping to MCM for nominal gains&nbsp; where MCM stands to make much more. This is only the first coin in the&nbsp; series, and if future coins after 2010 have low mintages, this idea will&nbsp; continue to attract flippers and particularly dealers vying for the&nbsp; customers and those profits. Dealer competition will price out the&nbsp; individual and further subvert the fairness the Mint attempted to sell&nbsp; the product to the public. Where does it end? It ends with the Mint&nbsp; doing nothing to prevent the dealers from acting this way because they&nbsp; can&#039;t really. The Mint will simply increase mintage, and perhaps even&nbsp; increase unit costs per coin if there appears to be buyers willing to&nbsp; pay more than the Mint charges currently, which there appears to be at&nbsp; least 400 by MCMs immediate estimation. In short order, this hurts&nbsp; everyone, including MCM seeking profit and happy customers. No one gains&nbsp; from this sort of preemptive profiteering and the artificial creation&nbsp; of a higher premium market for these products. The entire plan is short&nbsp; lived, and we end up with a surplus of coins, which will be yet another&nbsp; modern precious metals composition collector coin release, getting&nbsp; minted into the millions where a few key coins exist at prices few can&nbsp; afford, the rest effectively creating more over priced pretty looking&nbsp; bullion that no one wants for anything but spot value down the years.</p><p><br /></p><p>Yes, individuals also know how to and <i>do indeed </i>get more than&nbsp; 1/HH from the Mint using multiple addresses and friends/family for&nbsp; buying assistance. Yes they profit well too and even manage to get&nbsp; keeper sets virtually free of charge from flipping. However, individuals&nbsp; do not rake in hundreds of units each of these coins. This is the first&nbsp; 2010 &quot;P&quot; AtB coin release of five to come in this low mintage. MCM are&nbsp; seeking 400 coins (from this round) <i>and 800 &quot;happy customers&quot;</i>,&nbsp; that is, those who sell to the coins to MCM (400 sellers) and those who&nbsp; buy them from MCM (400 buyers at above Mint list price inflated prices).&nbsp; How and who will monitor that MCM &quot;only&quot; buys 400 coins? No one will,&nbsp; and no one can do anything about it if they do manage to obtain many&nbsp; times more this amount. </p><p><br /></p><p>MCM must really think their 400 buying agents are fools. Do they&nbsp; seriously think buyers can&#039;t sense the potential gains here? Individuals&nbsp; flipping the coins themselves can pocket more than $50 that MCM said&nbsp; they will dole out. There are already pre-sales on eBay asking for more&nbsp; than MCM will pay you, not that I agree with them either as they haven&#039;t&nbsp; got the coins in hand. But, soon will come the &quot;in-hand&quot; sellers with&nbsp; confirmed Mint orders and they too will ask more than MCM are paying.&nbsp; The potential gains MCM seeks to reap will be multiples beyond that $50&nbsp; commission paid to an individual. </p><p><br /></p><p>There are so many ways MCM do not respect this hobby, valuation of these&nbsp; collectibles, the Mint&#039;s rules, nor consider the deeper effect they&nbsp; will have as other big dealers attempt the same thing...</p><p><br /></p><p>Yes, MCM have enjoyed a fine reputation and provide a nice service to&nbsp; collectors of modern US Mint products, but this approach goes beyond&nbsp; respect within the hobby and ethical marketing. Anyone who considers&nbsp; taking the MCM offer should ask themselves why they shouldn&#039;t resell the&nbsp; coin for more themselves if MCM is so confident they will do well with&nbsp;&nbsp; the coins they have graded and flip. Ask them to increase the&nbsp; commission from $50, but don&#039;t sell yourselves short, if considering&nbsp; their deal.</p><p><br /></p><p>Of course, this is just my humble opinion in the context of this discussion.[/QUOTE]</p><p><br /></p>

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