Message From The U.S. Mint

Discussion in 'Coin Chat' started by tommyc03, Mar 25, 2020.

  1. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    Coin harlots..........
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  3. Beardigger

    Beardigger Well-Known Member

    Got shipping confirmation and a tracking on my set today.
  4. historicantiques

    historicantiques New Member

    I think there's a decent chance for mintage of this proof set to be lower than expected. With the SF mint closed "indefinitely", few Mint products offered this year, the fact that the date "2020" is historical given the worst pandemic in at least a century started this year, and the fact that the Mint must prepare for 2021 by mid-2020 (if it's going to continue), I would not be surprised if mintage stays around 190,000. It's also modestly priced so many people can still afford it, and it comes with that bonus reverse proof nickel. Given all of the above, I also wouldn't be surprised if it sells out within 3-6 days, by mid next week.
  5. LakeEffect

    LakeEffect Average Circulated Supporter

    Perhaps - but I doubt the SF and W mints stay closed for the next 8 months. Since there's no mandated limit, when they open, they'll make more. And if the "bonus nickel" has the same effect as the "bonus penny" did last year, the final sales numbers will be much higher than average.

    But you could be right, who knows? This is a weird year.
    Cheech9712, Paul M. and masterswimmer like this.
  6. historicantiques

    historicantiques New Member

    You are absolutely correct - who knows? It's a type of year that comes around every 100-200 years. Much depends on the success or failure of "re-opening" our economy from May, onward. I purchased 5 sets, on a hunch, but it could be totally mistaken...Good luck to you and keep safe and healthy!!
    Paul M. and masterswimmer like this.
  7. LakeEffect

    LakeEffect Average Circulated Supporter

    Thank you, and same to you. I hope your hunch is correct. I have one set of my own on the way. ;)
  8. Cheech9712

    Cheech9712 Every thing is a guess

    Gotta have that W nickle right?????
    LakeEffect likes this.
  9. historicantiques

    historicantiques New Member

  10. Paul M.

    Paul M. Well-Known Member

    I don’t understand why people buy directly from the Mint anymore. Maybe once in a while, there’s a limited issue that’s worth snagging early, but I just find it easier and cheaper to get what I want from the secondary market (and, TBH, I don’t really want much that the Mint is putting out these days, either).
    baseball21 likes this.
  11. historicantiques

    historicantiques New Member

    I'm not an avid, professional buyer, but what I've purchased at the Mint is almost always less expensive than secondary markets. The only time I've lost money (value) was with the 2010 Mt. Hood 5 oz. America the Beautiful coin - bought it from the Mint for $267 I think, now it's worth about $200. Otherwise, within 1-3 years, my purchases have increased in value by 50-100%. I only purchase limited-quantity items, not items that have "no limit".

    One exception though: This current 2020 silver proof set. However, like I reasoned 7-8 postings above this one, I feel there's a good chance mintage will be around 190,000. Investments alway entail risks. In 5-10 years, I think all my purchases will give me tidy profits!!
  12. LakeEffect

    LakeEffect Average Circulated Supporter

    To be honest, I've been buying silver proof sets for the last 25 years, so the bonus coin isn't all that big a deal to me. But yeah, I'll take it, it's kind of neat.
  13. ja59

    ja59 Missing the Beach just not as much as ...

    Been buying rolls of ATB uncirculated S mint quarters from the mint through their Product Enrollment program. Getting them this way is as cheap or cheaper than any third party seller. Add free shipping and it is the cheapest way for me to buy these and complete the set. And the enrollment program is as easy as it comes. Sign up once and get all the rolls without doing anything else. Pretty easy!
    Cheech9712 likes this.
  14. baseball21

    baseball21 Well-Known Member

    Absolutely. Especially if you order them with eBay bucks or during a promotion for them since it’s not like 99 percent of these things ever even sell out. If nothing else at least on the aftermarket you can avoid the QC issues and pick out one you like the look of.
    Paul M. likes this.
  15. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    It's an affliction that I inherited from my father.........
    CamaroDMD, Cheech9712 and Paul M. like this.
  16. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    I think I've saved every mint invoice from the time I began ordering from them. The heirs are gonna need an accountant.........
    Paul M. and LakeEffect like this.
  17. baseball21

    baseball21 Well-Known Member

    Just sell the oldest ones as vintage US mint collectables :p
    Paul M. and green18 like this.
  18. LakeEffect

    LakeEffect Average Circulated Supporter

    Back before there was an internet, the mint would send little color sales brochures on all the upcoming products. I used to save them all. I had a big box of them.

    One day I realized I may have a problem, and tossed them out.
  19. Conder101

    Conder101 Numismatist

    Enough people start thinking that way and eventually you will find it hard to loctes the items on the secondary market, and the prices will be higher.
  20. cladking

    cladking Coin Collector

    but they won't force the use of the dollar coin or discontinue making pennies that just about drip germs with the zinc oxides that ooze out of them.

    Talk is cheap!
    tommyc03 likes this.
  21. LakeEffect

    LakeEffect Average Circulated Supporter

    My subscription shipped today. Yay! Cheap thrills in the midst of being grounded at home are good. :joyful:
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