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Julia Tyler First Spouse Gold Coin - Why so High?
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<p>[QUOTE="yakpoo, post: 922345, member: 18157"]I agree, I don't know who controls the stock of coins; the Mint or the Fulfillment Center. I would think it was the Mint; if there was a return, I would hope someone at the Mint is performing some sort of QA on the coins.</p><p> </p><p>Not only was the Anna Harrison coin I received as a replacement to my return the <b>EXACT SAME COIN,</b> the COA was jammed into the lid and the coin (outside of it's plastic capsule) and plastic capsule were put back into the display box <b>LOOSE</b>. I took that to mean that some arrognant SOB (at the Mint or the Fulfillment Center) was sending me a "not so subtle" message.</p><p> </p><p><br /></p><p> </p><p>If only that were true. I personally know a number of First Spouse collectors that have received damaged coins only to return them and get damaged coins as replacements. </p><p> </p><p>This seems to happen most often with the Unc coins; the proofs are still pretty good. About every ten (10) weeks or so, the Mint updates their First Spouse sales figures with (what I assume to be) the returns. You always see a large "negative" sales number with the Uncs...that's not just me returning the coins!</p><p> </p><p>Even the Mint folks on the phone say the best way is to order a new coin first, then (after you receive the replacement) return the one you don't want.</p><p> </p><p><br /></p><p> </p><p>The "dealer" issue was just speculation on my part. I don't know of any dealers that actually do that...but I wouldn't put it past them. I'm not sure how/if the Mint would deal with that. All I see posted is that there is "no limit" on First Spouse orders and there is a <a href="http://www.usmint.gov/pressroom/index.cfm?action=press_release&ID=991" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.usmint.gov/pressroom/index.cfm?action=press_release&ID=991" rel="nofollow">seven (7) day return policy</a>.</p><p> </p><p><br /></p><p> </p><p>There are no preorders for these coins; orders are taken on a "First Come; First Serve" basis beginning at 12 noon on the first day of sales. Without limits, I suppose a single buyer could come close to cornering the market on a particular issue...but I suspect folks with that kind of disposable cash have bigger fish to fry that cornering the market on a single issue of the First Spouse series.</p><p> </p><p><br /></p><p> </p><p>Interesting question...the Tyler mintages (sales) figures didn't change over the last week they were on sale. It's been a couple more weeks and I still don't see an update. As I recall, there was a similar controversy over the final mintage figure for the 2008 fractional AGE coins; a year later some of the coins had their final mintages cut almost in half.</p><p> </p><p>I was reading a blog on the First Spouse series and there was one post where a person stated (and I don't know their credentials for making a statement like this), but they were convinced that many of the reported First Spouse sales figures will be adjusted downward in coming years.</p><p> </p><p>Bottomline: US Mint mintage figures are a mystery.[/QUOTE]</p><p><br /></p>
[QUOTE="yakpoo, post: 922345, member: 18157"]I agree, I don't know who controls the stock of coins; the Mint or the Fulfillment Center. I would think it was the Mint; if there was a return, I would hope someone at the Mint is performing some sort of QA on the coins. Not only was the Anna Harrison coin I received as a replacement to my return the [B]EXACT SAME COIN,[/B] the COA was jammed into the lid and the coin (outside of it's plastic capsule) and plastic capsule were put back into the display box [B]LOOSE[/B]. I took that to mean that some arrognant SOB (at the Mint or the Fulfillment Center) was sending me a "not so subtle" message. If only that were true. I personally know a number of First Spouse collectors that have received damaged coins only to return them and get damaged coins as replacements. This seems to happen most often with the Unc coins; the proofs are still pretty good. About every ten (10) weeks or so, the Mint updates their First Spouse sales figures with (what I assume to be) the returns. You always see a large "negative" sales number with the Uncs...that's not just me returning the coins! Even the Mint folks on the phone say the best way is to order a new coin first, then (after you receive the replacement) return the one you don't want. The "dealer" issue was just speculation on my part. I don't know of any dealers that actually do that...but I wouldn't put it past them. I'm not sure how/if the Mint would deal with that. All I see posted is that there is "no limit" on First Spouse orders and there is a [URL="http://www.usmint.gov/pressroom/index.cfm?action=press_release&ID=991"]seven (7) day return policy[/URL]. There are no preorders for these coins; orders are taken on a "First Come; First Serve" basis beginning at 12 noon on the first day of sales. Without limits, I suppose a single buyer could come close to cornering the market on a particular issue...but I suspect folks with that kind of disposable cash have bigger fish to fry that cornering the market on a single issue of the First Spouse series. Interesting question...the Tyler mintages (sales) figures didn't change over the last week they were on sale. It's been a couple more weeks and I still don't see an update. As I recall, there was a similar controversy over the final mintage figure for the 2008 fractional AGE coins; a year later some of the coins had their final mintages cut almost in half. I was reading a blog on the First Spouse series and there was one post where a person stated (and I don't know their credentials for making a statement like this), but they were convinced that many of the reported First Spouse sales figures will be adjusted downward in coming years. Bottomline: US Mint mintage figures are a mystery.[/QUOTE]
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Julia Tyler First Spouse Gold Coin - Why so High?
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