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<p>[QUOTE="johnmilton, post: 5138340, member: 101855"]Yes, he is a liar.</p><p><br /></p><p>He should know that a product that celebrates the 400th anniversary of the Mayflower voyage would generate more demand than a little over 4,800 units. In 1920 there were 152,112 Pilgrim Tercentenary half dollars sold. They even sold an additional 20,000 pieces in 1921. The U.S. population for lower then than it now. If his “market research team” told him that less than 5,000 gold sets and fewer than 15,000 silver sets would be enough, they are dumber than a bag of hammers. They set this up to cause a frenzy so that they could sell out in short order, and give profits to those who got the sets.</p><p><br /></p><p>The mintage of 1,945 on the World War II thing was an even bigger farce. Only a fool would think that mintage would be enough to satisfy the demand.</p><p><br /></p><p>He thinks he’s turning on the speculators, which might be true. Conversely, he’s turning off a lot of collectors. He’s raised the price of the silver Proof sets from about $60 to over $100. He’s raised the price of mint medals to over $150. At that price, he may as well shut down the operation because very few people are going to buy them at that level.</p><p><br /></p><p>The mint has become “collector hostile” under his leadership. But it doesn’t matter to him. He’s a career bureaucrat who could care less about the core of his business, which in the long run is the collector.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 5138340, member: 101855"]Yes, he is a liar. He should know that a product that celebrates the 400th anniversary of the Mayflower voyage would generate more demand than a little over 4,800 units. In 1920 there were 152,112 Pilgrim Tercentenary half dollars sold. They even sold an additional 20,000 pieces in 1921. The U.S. population for lower then than it now. If his “market research team” told him that less than 5,000 gold sets and fewer than 15,000 silver sets would be enough, they are dumber than a bag of hammers. They set this up to cause a frenzy so that they could sell out in short order, and give profits to those who got the sets. The mintage of 1,945 on the World War II thing was an even bigger farce. Only a fool would think that mintage would be enough to satisfy the demand. He thinks he’s turning on the speculators, which might be true. Conversely, he’s turning off a lot of collectors. He’s raised the price of the silver Proof sets from about $60 to over $100. He’s raised the price of mint medals to over $150. At that price, he may as well shut down the operation because very few people are going to buy them at that level. The mint has become “collector hostile” under his leadership. But it doesn’t matter to him. He’s a career bureaucrat who could care less about the core of his business, which in the long run is the collector.[/QUOTE]
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