Discussion in 'Coin Chat' started by Scottinvegas, Aug 18, 2019.
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Because the mint knows people will pay that price. Years ago I thought it would be a good investment buying mint and proof sets... WRONG!! (BTW: never use the words "investment" and "coins" in the same sentence) I learned the hard way.
I can't give 90% of them away today! Maybe that's why we find them in circulation, people breaking them out and spending them.
The mint's equipment and facilities depreciate.
2019 Mint Sets are $21.95
2019 Proof Sets are $27.95
2019 Silver Proof Sets are $54.95
As mentioned, the mint is required to recover all costs. Think raw materials, tooling, manufacturing (including labor), packaging, sales, marketing, accounting, customer service, etc...
Not saying it's worth it but it is what it is.
If you buy that car, trailer, rv (or coin) in the used market you can save a lot of money.
But if you *really want* that coin (or car, etc) when it first comes out, you pay for the privilege of getting it brand new.
If you and the wife share a car and each drives if 50%, you tend to expect 50/50 on the costs.
BUT if you have to drive to work and her driving is all discresionary, you could argue for something more like 75/25 or 80/20. This is why you employ accountants. It can ALL be argued many different ways...
Would the coin press suffer less wear and tear if the mint didn't make collectable coins? Certainly. Would you be able to do maintence during prime shift instead of overtime (more expensive). So collectables probably deserve a larger share of those costs. Etc.
This is why accountants drink. Non-deductible adult beverages in large quantities.
Be careful. make sure her driving isn't to buy toilet paper that you use ... or food/coffee for you ... could get messy. Which is probably why you have an accountant(s) !!
A businessman goes to hire an accountant. He gets three recommendations from guys at the gym...
He asks the first one, what is 2+2?
Thanks for coming over.
He asks the second one, what is 2+2?
The accountant grabs his phone and frantically pushes buttons... Four, well Four point zero zero zero zero zero zero zero one to be precise.
Thanks for coming over.
He asks the third one, what is 2+2?
What do you want it to be?
Your hired... Can you start Monday?
Lol that was an awesome answer. Good advice about the words coin and investment I’ll write that down
Like I said it’s only $1.91 in change
that’s great mind if I use it
Then explain to me how the US Mint has been producing Cents for the past decade or so. Nickels as well. Both coins have cost more than their face value in materials alone for literally years and years.
How does the requirement on recouping costs work again?
Separate names with a comma.