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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="calcol, post: 5009806, member: 77639"]With mint to demand, true collectors (acquire to keep indefinitely) don't lose. The coins they might buy from the mint could go up or down in value with time. Anyone who buys to flip is acting as a dealer regardless of what else they might call themselves. But if there is acquisition satisfaction at the price at which the mint sells the coin, then the true collector got value for money. Mint to demand can be done economically at the mint as long as the minting is done in batches which pays for the setup and handling.</p><p><br /></p><p>Personally, I'm not interested in collecting modern U.S. Mint issues and haven't been for 30+ years. I tried a couple of times for low mintage coins and would have flipped them. Yes, that would have made me a small-time temporary dealer! However, the chances of success are so low and the feeding frenzy so hectic, I won't try the current system in the future. If the mint institutes a lottery, I might give it a shot.</p><p><br /></p><p>I did try it once with a limited Royal Mint sovereign issue hoping to make some money. At the time, I didn't own any British coins. To my surprise, I got a coin and it graded MS70. Even more surprising, I still have the coin 3 years later with no intention of selling. Sometimes the collector gene overpowers the profit gene ... nothing new there! <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Cal[/QUOTE]</p><p><br /></p>
[QUOTE="calcol, post: 5009806, member: 77639"]With mint to demand, true collectors (acquire to keep indefinitely) don't lose. The coins they might buy from the mint could go up or down in value with time. Anyone who buys to flip is acting as a dealer regardless of what else they might call themselves. But if there is acquisition satisfaction at the price at which the mint sells the coin, then the true collector got value for money. Mint to demand can be done economically at the mint as long as the minting is done in batches which pays for the setup and handling. Personally, I'm not interested in collecting modern U.S. Mint issues and haven't been for 30+ years. I tried a couple of times for low mintage coins and would have flipped them. Yes, that would have made me a small-time temporary dealer! However, the chances of success are so low and the feeding frenzy so hectic, I won't try the current system in the future. If the mint institutes a lottery, I might give it a shot. I did try it once with a limited Royal Mint sovereign issue hoping to make some money. At the time, I didn't own any British coins. To my surprise, I got a coin and it graded MS70. Even more surprising, I still have the coin 3 years later with no intention of selling. Sometimes the collector gene overpowers the profit gene ... nothing new there! ;) Cal[/QUOTE]
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Past Time for Lotteries for Limited Mint Issues …. How It Could Work and Not Work
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