Is Anybody Buying Anything From The Mint?

Discussion in 'US Coins Forum' started by Santinidollar, Apr 6, 2022.

  1. CoinCorgi

    CoinCorgi Tell your dog I said hi!

    Prove it! ;)
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  3. Razz

    Razz Critical Thinker

    20220415_133659~2.jpg 20220415_134025~2.jpg
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  4. Phil Ham

    Phil Ham Hamster

    Here is my 2022-W ASE Proof
    2022-W ASE Proof - Obverse.jpg 2022-W ASE Proof - Reverse.jpg
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  5. LakeEffect

    LakeEffect Average Circulated Supporter

    "Well, blow me down!" as Popeye used to say. I just got notified by the mint that the silver proof set is going on sale soon. It is returning to a 10-coin set but the price is remaining $105, same as last year's 7-coin set.

    Now I don't know if I'm happy or upset? Glad the price isn't going up, but upset it's already too expensive. It's very confusing. Probably keep my streak alive one more year. Yeah, I'm a dope but I like my Ag proof sets.
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  6. Gam3rBlake

    Gam3rBlake Well-Known Member

    Picked this up from the Mint and it arrived today :).

    Before anyone says: “You overpaid because of crazy premiums”…

    I know I did. I knew it when I bought it. I just saw one once at my LCS and I decided I wanted to get an example :).

  7. Santinidollar

    Santinidollar Supporter! Supporter

    One should expect to pay a high premium for an AGE proof. These are collector coins. Nobody with a lick of sense buys the proofs to stack as bullion.
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  8. Treashunt

    Treashunt The Other Frank

  9. Gam3rBlake

    Gam3rBlake Well-Known Member

    That’s true. I just think the proof AGE design is beautiful and wanted an example and the 1/10th is the cheapest lol.
  10. masterswimmer

    masterswimmer A Caretaker, can't take it with me

    Ironically, it's actually the most expensive. ;)
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  11. Gam3rBlake

    Gam3rBlake Well-Known Member

    Very true in terms of premium per oz!

    But at the same time I’d rather pay $300 for a 1/10 oz coin and pay a $1300 premium per oz than have to pay a whopping $2,400 for a 1 oz coin even though it’s only $600 premium per oz.

    I just didn’t want to lay down thousands lol. I’m saving for a Liberty Double Eagle to pair with my St Gaudens ;)
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  12. johnmilton

    johnmilton Well-Known Member

    I would like to buy the silver Proof set. There are three more quarters in it this year, but the price, $105, is the same of close last year, which had only two quarters. Go figure. o_O
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  13. johnmilton

    johnmilton Well-Known Member

    They are charging $67 for the one ounce 2022-W silver eagle. I guess the "bullion coin" is now "numismatic." At that price, you are not investing in silver.
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  14. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter


    Way back around 2005 (I was just getting back into collecting) I picked up one as bullion from I never really layed eyes on one of these pieces before, so when it arrived I was quite surprised with the size of it. Fish scale. When you factor in the bullion value of such a coin (and the premiums associated with it) you're better off buyin' a honkin' hunk of an ounce.
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  15. johnmilton

    johnmilton Well-Known Member

    I went on the mint site to review the product schedule. I can’t believe the volume of “stuff” they are producing and selling now. Is there anyone who is buying examples of all of it? If they are, they must have more disposable income than I can imagine. Given the financial track record for most of this “stuff,” they must also have a death wish for their net worth.

    About the only way that I have ever come out on top with modern U.S. mint produces has been with the gold coins that have a melt value higher than their issue price or market price at the time I purchased them.
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  16. Gam3rBlake

    Gam3rBlake Well-Known Member

    Some other stuff has come out ahead besides gold coins.

    For example if you purchased the V75 privy proof American Silver Eagle a couple years ago it sells for triple what the Mint sold it for due to the limited 75,000 mintage which is low for a proof.

    Or the 2020 Reverse Proof Designer Edition 2 coin set that sells for about double what it listed at the mint.

    The 2021 Morgans & Peace Dollars I did very well on too.

    But to be fair 98% of it is indeed pointless to buy from the Mint because it can be purchased later on EBay for like 50-75% of Mint price.
  17. johnmilton

    johnmilton Well-Known Member

    Unfortunately most of the mint “stuff” that has worked out was the highly publicized, limited edition material that was sold to those who got lucky or had connections. Despite the financial rewards that those items reaped for you in the short term, I would not want to own those items long term if making money is your goal. The pile of modern mint “stuff” is so large that individual successes get lost in shuffle after a while.

    I remember when all of the 1973 Ike Dollars were hot as firecrackers. The silver Proof used to bring over $200. I bought one for $12 a few years ago in an antiques store.
  18. Phil Ham

    Phil Ham Hamster

    My latest from the mint.

    2022-W UNC - Obverse.jpg 2022-W UNC Reverse.jpg
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  19. KBBPLL

    KBBPLL Well-Known Member

    I wonder if anyone has added up the total $ it would take to buy everything they put out this year.

    Some of the 2016 UNC National Parks halves sell for more than mint price, but not by much anymore. I think they were lowest mintage commemorative half for a time, or close. We'd make money on ours, because my wife got it as a Christmas bonus. You can make money on these, if grandma buys it for you.
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  20. -jeffB

    -jeffB Greshams LEO Supporter

    Similar for the 1970-D and S Kennedys. And the 1999 silver proofs. And, further back, the 1950-D nickels. They've all had long-term downward trends adjusted for inflation -- heck, the 1999 silvers are still dropping in nominal dollars.
  21. Evan Saltis

    Evan Saltis OWNER - EBS Numis LLC Supporter

    Very true, but some items end up being real popular.

    some, like the 2021 Morgan’s, come out and the CC, O, stay pretty expensive.

    some of them are more predictable, but some are just flops.
    Too risky for me.
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