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Past Time for Lotteries for Limited Mint Issues …. How It Could Work and Not Work
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<p>[QUOTE="Conder101, post: 5008423, member: 66"]1 Mint to demand and it isn't "special" anymore, just a normal offering.</p><p><br /></p><p>2. Yes the Mint would make more money.</p><p><br /></p><p>3. No they would not be happier because now that every one who wants one can get one, there is no aftermarket and those people who bought from the mint for $83 for a proof silver eagle now find they can buy them on ebay for $45. And when thet happens they aren't happy. And that is in general what happens every time they have a mint to demand offering.</p><p><br /></p><p>As for the idea of a lottery, say you have 20,000 coins and you open up that 48 hour period when orders can be placed then select 20,000 winners. The big dealers simply place half a million orders and they win the lions share of the coins awarded. They only have to pay for the coins they actually buy so half a million order placed doesn't hurt them. Now if you had to pay a non-refundable fee in order to place an order that would cause them to place much fewer orders, but it would also drive away a lot of collectors who wouldn't want to risk the fee money and possibly get nothing. So the dealers still get the lions share of the coins.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 5008423, member: 66"]1 Mint to demand and it isn't "special" anymore, just a normal offering. 2. Yes the Mint would make more money. 3. No they would not be happier because now that every one who wants one can get one, there is no aftermarket and those people who bought from the mint for $83 for a proof silver eagle now find they can buy them on ebay for $45. And when thet happens they aren't happy. And that is in general what happens every time they have a mint to demand offering. As for the idea of a lottery, say you have 20,000 coins and you open up that 48 hour period when orders can be placed then select 20,000 winners. The big dealers simply place half a million orders and they win the lions share of the coins awarded. They only have to pay for the coins they actually buy so half a million order placed doesn't hurt them. Now if you had to pay a non-refundable fee in order to place an order that would cause them to place much fewer orders, but it would also drive away a lot of collectors who wouldn't want to risk the fee money and possibly get nothing. So the dealers still get the lions share of the coins.[/QUOTE]
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Past Time for Lotteries for Limited Mint Issues …. How It Could Work and Not Work
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