Mint to raise prices again!

Discussion in 'US Coins Forum' started by daniel a DiBiasio, Jan 8, 2022.

  1. daniel a DiBiasio

    daniel a DiBiasio Well-Known Member

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  3. daniel a DiBiasio

    daniel a DiBiasio Well-Known Member

    What is the excuse for the mint to rise prices again?It can't be the metals prices going up.unbelievable!
    Inspector43 likes this.
  4. daniel a DiBiasio

    daniel a DiBiasio Well-Known Member

    Sorry.i meant raise
  5. -jeffB

    -jeffB Greshams LEO Supporter

    "We had a few products sell out quickly last year. Clearly, this means we should raise prices on ALL products."
    KBBPLL, tommyc03 and Inspector43 like this.
  6. GoldFinger1969

    GoldFinger1969 Supporter! Supporter

    General inflation and other inputs.

    My astronomy club is facing 40% price hikes over 2020. :mad:
  7. -jeffB

    -jeffB Greshams LEO Supporter

    What does an astronomy club buy on a regular basis? I've never been involved in running a club, but I figured it would involve renting meeting space and maybe paying for speakers -- but I seem to remember that your club is more Serious Business than any I've come across in my own circles...
  8. GoldFinger1969

    GoldFinger1969 Supporter! Supporter

    Our annual space and science show, NEAF (Northeast Astronomy Forum). Everything from renting space at the local college...paying for vendor for speakers, hotel rooms...etc. It adds up. We don't use commodities but do utilize services and labor.

    Only 3 months away. :D
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  9. -jeffB

    -jeffB Greshams LEO Supporter

    Ah, that would be worth attending. Not this year, but maybe someday...
    GoldFinger1969 likes this.
  10. Inspector43

    Inspector43 Collecting Since 1948 Supporter

    My US Mint costs went to $0 this year. They have nothing I want bad enough to pay premiums that can never be recovered. Perhaps they have to raise prices to make up for losing me.
  11. Jeffjay

    Jeffjay Well-Known Member

    They started cheaping out on their presentation boxes. The mint like most businesses in America are just greedy entities intent on getting whatever the market will bear.
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  12. David Betts

    David Betts Elle Mae Clampett cruising with Dad

    good time to do it by me! I dont see anything worth buying until Oct !
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  13. baseball21

    baseball21 Well-Known Member

    They're going to go up every year, especially now with the massive inflation. Realistically theres only a hand full of things that will be very popular this year now that the ASE/AGE design change is no longer the first/last year. There might actually only be 2 things that sell out in the first hour or two if that
    JCKTJK and Inspector43 like this.
  14. JCKTJK

    JCKTJK Well-Known Member

    I have a feeling you are not the only one they lost ;);)
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  15. John Burgess

    John Burgess Well-Known Member

    I'm not gonna bash them, just going to say it's a business and they can do what they want and as a customer, we can do what we want.

    if prices are too high I won't be buying, and I won't be buying from a 3rd party vendor with their markup on top of it also either. Simple as that.

    And seriously how many christmas ornaments are they going to make and sell this year? 7+?

    they can do what they like. Maybe poor sales will lead them back to reality eventually.
    Last edited: Jan 12, 2022
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  16. johnmilton

    johnmilton Well-Known Member

    The law enforcement commemoratives did not sell well at all. The sales figures for the commemorative coins have been disappointing in recent years. How does that give the mint an excuse to raise prices again on them? I take it that all of the Proof sets will be higher too.
    Inspector43 likes this.
  17. Inspector43

    Inspector43 Collecting Since 1948 Supporter

    The mint has released about 100 different quarters per year for the last 20 or so years. This guess is probably short when you consider all the options (Uncirculated in Mint Set, Proof, Circulation Grade, Silver, Reverse Proof, P, D, S, W) and any other configuration they can come up with.

    I'm not starting another long run set of anything.
    David Betts and Morgandude11 like this.
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