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Should the mint element the Gold Eagle program?
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<p>[QUOTE="dman, post: 453905, member: 15645"]As an American, I like more coins than less. Think about it, the mint says something like "here is a $1 coin that contains $8 worth of silver, and we're going to charge you $25" and we all say "I'll take 10!" It's a great revenue source in my eyes.They literally sell you something for more than it's worth and we all buy it in the hopes that its value will go up.</p><p> </p><p>I like being able to collect one specimen from each series, but I don't think that means we need 1 silver, 1 gold, and 1 platinum coin. Do we need to eliminate the first spouse series too? I mean, it's gold as well. We're talking eagle vs buffalo, but we actually produce several gold coins each year (eagles, buffalo, first spouse, commem). </p><p> </p><p>When you think about it, we're becoming a society as a whole that has multiple coins of the same denomination, even in circulation! We have 5 quarters each year (6 in 2009), 5 dollars, next year we'll have 4 pennies, we had 2 nickels only a couple years back, etc. We, as collectors, don't care so much about those because they are cheap to collect. The bullion market we worry about because it's expensive. For all those saying "I wish there was only 1 gold coin each year so I could collect one of each type" remember that there are many people out there who can't collect one coin of each type because there are ANY gold/platinum coins. I started collecting at age 12. The silver eagle was at the high end of my budget for a single coin! </p><p> </p><p>There will always be people who can't afford every coin (I know it for a fact, I'm one of them!) but I think it'd be wrong to deny the numismatic world the works of art that coins are, simply because some of us can't afford them.[/QUOTE]</p><p><br /></p>
[QUOTE="dman, post: 453905, member: 15645"]As an American, I like more coins than less. Think about it, the mint says something like "here is a $1 coin that contains $8 worth of silver, and we're going to charge you $25" and we all say "I'll take 10!" It's a great revenue source in my eyes.They literally sell you something for more than it's worth and we all buy it in the hopes that its value will go up. I like being able to collect one specimen from each series, but I don't think that means we need 1 silver, 1 gold, and 1 platinum coin. Do we need to eliminate the first spouse series too? I mean, it's gold as well. We're talking eagle vs buffalo, but we actually produce several gold coins each year (eagles, buffalo, first spouse, commem). When you think about it, we're becoming a society as a whole that has multiple coins of the same denomination, even in circulation! We have 5 quarters each year (6 in 2009), 5 dollars, next year we'll have 4 pennies, we had 2 nickels only a couple years back, etc. We, as collectors, don't care so much about those because they are cheap to collect. The bullion market we worry about because it's expensive. For all those saying "I wish there was only 1 gold coin each year so I could collect one of each type" remember that there are many people out there who can't collect one coin of each type because there are ANY gold/platinum coins. I started collecting at age 12. The silver eagle was at the high end of my budget for a single coin! There will always be people who can't afford every coin (I know it for a fact, I'm one of them!) but I think it'd be wrong to deny the numismatic world the works of art that coins are, simply because some of us can't afford them.[/QUOTE]
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