Is Anybody Buying Anything From The Mint?

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Here is my 2022-W ASE Proof

 

"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.

https://catalog.usmint.gov/silver-proof-set-2022-22RH.html

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.

 

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 .

 

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.

 

not a chance

 

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

 

Ironically, it's actually the most expensive.

 

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

 

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.

 

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.

 

Indeed.

Way back around 2005 (I was just getting back into collecting) I picked up one as bullion from MintProducts.com. 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.

 

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.

 

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.

 

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.

 

My latest from the mint.

 

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.

 

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.

 

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.