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<p>[QUOTE="mikenoodle, post: 1708560, member: 307"]I thought that I would start a thread about ideas of what we would do if we could run the US Mint. I thought that it could maybe spur on some new ideas and maybe we could even influence the future if we had good enough ideas. So this is what I would do...</p><p><br /></p><p>What I think the Mint should do in the future is this:</p><p><br /></p><p>1) continue to sell sets like as they did with the 2013 West Point ASE Two-Coin Set within a 4-week window and give everyone a chance to order one if they so desire. </p><p><br /></p><p>2) end sales before they begin shipping sets (as they are with this set. It won't be shipped until August)</p><p><br /></p><p>3) limit the number of sets per household</p><p><br /></p><p>If the Mint can implement this third step, they will help the short and long term values of these sets. As long as someone can place an order for 100 sets tomorrow, there is a potential of killing the secondary market by the mere presence of hundreds of extra sets available from those with the means to order in bulk.</p><p><br /></p><p>Case in point the 2012 set. The strong flipping opportunity was apparent and yet it survived because of household limits. The 2013 set, no limit, no flip opportunity. The 1999 Silver Proof Set is another prime example. There was a household limit of 2 and the set was (over)valued t $200 for years after.</p><p><br /></p><p>Now, you may ask why I care who gets the flip opportunity and I will tell you plainly that I'd rather see Joe Average Coin Collector have an opportunity to sell his sets for a few bucks profit instead of a few bulk buyers. Let the people who enjoy the hobby crowd out the profiteers who are draining the monetary resources from our hobby. All in all, I think that if the collectors had to dictate the mintages, that they would more accurately reflect demand. </p><p><br /></p><p>I also think that lately the Mint has been producing lots and lots of sets for collectors. New types of sets, like the Celebration Proof set. The Mint is constantly bringing out a variety of new products. An overwhelming majority of which will linger at or slightly below issue price in value for years if not forever. If there was a winner here and there, it would stimulate demand. Some of these new sets bring more people into the hobby. I think that a good value would better keep them in the hobby. </p><p><br /></p><p>This is a hobby, first and foremost. Leisure. And I have said on many occasions that it is unwise to invest in coins, but a simple household limit by the US Mint will make it a more profitable hobby for a lot of collectors. That means growth for the hobby, which in turn breeds more demand, better values, and up the line.</p><p><br /></p><p>Opinions?[/QUOTE]</p><p><br /></p>
[QUOTE="mikenoodle, post: 1708560, member: 307"]I thought that I would start a thread about ideas of what we would do if we could run the US Mint. I thought that it could maybe spur on some new ideas and maybe we could even influence the future if we had good enough ideas. So this is what I would do... What I think the Mint should do in the future is this: 1) continue to sell sets like as they did with the 2013 West Point ASE Two-Coin Set within a 4-week window and give everyone a chance to order one if they so desire. 2) end sales before they begin shipping sets (as they are with this set. It won't be shipped until August) 3) limit the number of sets per household If the Mint can implement this third step, they will help the short and long term values of these sets. As long as someone can place an order for 100 sets tomorrow, there is a potential of killing the secondary market by the mere presence of hundreds of extra sets available from those with the means to order in bulk. Case in point the 2012 set. The strong flipping opportunity was apparent and yet it survived because of household limits. The 2013 set, no limit, no flip opportunity. The 1999 Silver Proof Set is another prime example. There was a household limit of 2 and the set was (over)valued t $200 for years after. Now, you may ask why I care who gets the flip opportunity and I will tell you plainly that I'd rather see Joe Average Coin Collector have an opportunity to sell his sets for a few bucks profit instead of a few bulk buyers. Let the people who enjoy the hobby crowd out the profiteers who are draining the monetary resources from our hobby. All in all, I think that if the collectors had to dictate the mintages, that they would more accurately reflect demand. I also think that lately the Mint has been producing lots and lots of sets for collectors. New types of sets, like the Celebration Proof set. The Mint is constantly bringing out a variety of new products. An overwhelming majority of which will linger at or slightly below issue price in value for years if not forever. If there was a winner here and there, it would stimulate demand. Some of these new sets bring more people into the hobby. I think that a good value would better keep them in the hobby. This is a hobby, first and foremost. Leisure. And I have said on many occasions that it is unwise to invest in coins, but a simple household limit by the US Mint will make it a more profitable hobby for a lot of collectors. That means growth for the hobby, which in turn breeds more demand, better values, and up the line. Opinions?[/QUOTE]
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