Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Is Anybody Buying Anything From The Mint?
>
Reply to Thread
Message:
<p>[QUOTE="-jeffB, post: 8294119, member: 27832"]Okay, suppose we agree that this is bad. <b>What is the Mint supposed to do about it?</b> How is the Mint supposed to guarantee that the coins you buy will be worth more when you go to sell them? They're <i>prohibited by law</i> from selling at a loss (unless, I suppose, you count cents and nickels minted for circulation <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie11" alt=":rolleyes:" unselectable="on" unselectable="on" />).</p><p><br /></p><p>Look, I was right there with you in my early days of collecting -- what <i>really</i> caught my attention was not just that old coins had interesting designs, but that this penny you got for one cent might actually be worth <i>ten</i> cents, or even A WHOLE DOLLAR. At least according to the Magical Red Book. But even in my childhood, I realized that paying the Mint $5 for a proof set was a bad bet, because it wasn't likely to be worth more than a buck or two. And guess what? Fifty years later, <i>they still aren't worth more than the Mint charged for them</i>. In <b>nominal</b> dollars, never mind real value.</p><p><br /></p><p><br /></p><p>On the other hand, mere words cannot express how much I <i>love</i> this idea. THAT's the way collecting is <i>supposed</i> to work, at least according to the child still lingering inside me.[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 8294119, member: 27832"]Okay, suppose we agree that this is bad. [B]What is the Mint supposed to do about it?[/B] How is the Mint supposed to guarantee that the coins you buy will be worth more when you go to sell them? They're [I]prohibited by law[/I] from selling at a loss (unless, I suppose, you count cents and nickels minted for circulation :rolleyes:). Look, I was right there with you in my early days of collecting -- what [I]really[/I] caught my attention was not just that old coins had interesting designs, but that this penny you got for one cent might actually be worth [I]ten[/I] cents, or even A WHOLE DOLLAR. At least according to the Magical Red Book. But even in my childhood, I realized that paying the Mint $5 for a proof set was a bad bet, because it wasn't likely to be worth more than a buck or two. And guess what? Fifty years later, [I]they still aren't worth more than the Mint charged for them[/I]. In [B]nominal[/B] dollars, never mind real value. On the other hand, mere words cannot express how much I [I]love[/I] this idea. THAT's the way collecting is [I]supposed[/I] to work, at least according to the child still lingering inside me.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Is Anybody Buying Anything From The Mint?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...