Is the US Mint really selling high demand products to China?

Discussion in 'US Coins Forum' started by Gam3rBlake, Sep 21, 2021.

  1. Gam3rBlake

    Gam3rBlake Well-Known Member

    I just came across this sold 2021 Reverse Proof Designer Edition 2 coin set on EBay and two things stuck out.


    The first was the super low price it sold for. It only sold for $102.50 but it retailed from the US Mint at $175 and sold out within a few hours.

    All the other sets of the exact same coins have been selling for $300-$400 so that seems odd that this one only sold for $102.50.

    The second thing is it says it’s being shipped from China.

    That makes me wonder if the US Mint is seriously selling limited products to China when they can’t even fill the US demand and it’s US taxpayers the US Mint is responsible for serving.

    Or do you think these are already being faked in China and that’s why it sold so low?
    Cliff Reuter likes this.
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  3. dwhiz

    dwhiz Collector Supporter

    I would think they are fake.
    Heavymetal, tibor and Gam3rBlake like this.
  4. paddyman98

    paddyman98 Let me burst your bubble! Supporter

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  5. lordmarcovan

    lordmarcovan Eclectic & Eccentric Moderator

    That would be a red flag for me as well.
    Heavymetal, tibor and Gam3rBlake like this.
  6. derkerlegand

    derkerlegand Well-Known Member

  7. longnine009

    longnine009 Most Exalted Excellency Supporter

    The mint just denied a FOIA request by Coin World to disclose the identities of their 18 bulk dealers.

    Last edited: Sep 21, 2021
  8. baseball21

    baseball21 Well-Known Member

    Just like other mints of the world they sell internationally. The mint only has 2 obligations to tax payers, make coins for commerce and to be profitable on numismatic offerings. Aside from that they have no responsibility to only sell domestically

    Which was the right thing to do. The mint shouldnt be releasing information about its customers nor should customer information be subject to FOIA. You wouldnt want them releasing your information from a request
  9. Gam3rBlake

    Gam3rBlake Well-Known Member

    Actually with a FOIA request they are obligated to release certain information.

    For example you could send an FOIA request for my personal military records and the government would give it to you whether I want it to or not. Even if I begged the government not to release my records they still would.

    That’s a whole lot more information than simply naming the bulk dealers they sell too.

    The whole point of FOIA is to make public information accessible to the people.

    Just because the 18 bulk dealers don’t like it doesn’t mean they should be denying the FOIA.

    The fact is the information about those dealers is not CLASSIFIED, SECRET or TOP SECRET and thus the US Mint should be revealing it just like the US Department of Defense would reveal my military records to anyone who put in a request.
  10. baseball21

    baseball21 Well-Known Member

    Not customer information they aren't.

    Customers buying isnt public information

    So I should be able to send an FOIA to the US mint for your home address and CC number? Afterall its "...not CLASSIFIED, SECRET or TOP SECRET and thus the US Mint should be revealing it just like the US Department of Defense would reveal my military records to anyone who put in a request."

    That is preposterous argument and youre also greatly over emphasizing exactly what would be released to the public in a request for your military record without your consent
    Cheech9712 and Evan Saltis like this.
  11. CaptHenway

    CaptHenway Survivor

    Well, the Chinese have to buy one of everything so that they can counterfeit them......
  12. Phil's Coins

    Phil's Coins Well-Known Member

    If anyone of us purchases ANYTHING from china, then you get what you deserve and it will probably be FAKE.
    Semper Fi
  13. wxcoin

    wxcoin Getting no respect for 65 years Supporter

    Hey, at least they provide free shipping!
    Cheech9712 and OldSilverDollar like this.
  14. Conder101

    Conder101 Numismatist

    Sure they are, the Mint website is available world wide and they will sell to anyone able to get through and order one.

    But the pieces in the ad are going to be fakes.
  15. OldSilverDollar

    OldSilverDollar Unknown Member Supporter

    Would not surprise me at all.
  16. Mr.Q

    Mr.Q Well-Known Member

    Actually, just before the mint announced the release of the new coins, it was announced by reputable resources that China was in the process of making fakes. They even stated what to look for on the fakes. Look at the obverse between 11 and 12 O'clock and you will see tiny dots instead of smooth outline, some will be silver plated also. If it's made in China, beware! Be safe not sorry! Good luck
  17. Evan Saltis

    Evan Saltis College Dorm Collector Supporter

    They certainly should NOT be releasing ANY information since it would potentially put the dealers and customers assets at risk of theft.
  18. Mountain Man

    Mountain Man Supporter! Supporter

    It's gotta be

    Attached Files:

    Mr.Q likes this.
  19. longnine009

    longnine009 Most Exalted Excellency Supporter

  20. Gam3rBlake

    Gam3rBlake Well-Known Member

    Well I mean when it comes to open bidding with no reserve I imagine sometimes people get things much cheaper than they’re worth.

    Maybe not often but I just imagine once in a while things slip through the cracks and end up being sold for less than they should.
  21. Kentucky

    Kentucky Supporter! Supporter

    If you ever go on Facebook, you run into lots of ASE's for $9.95...I have never considered the possibility that they were real.
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