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Should the US Mint Reduce their Product Selection and Mintages?
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<p>[QUOTE="19Lyds, post: 2255056, member: 15929"]Hmmm. Funny you should mention this since I was wondering, just yesterday, wht the general public felt about the 1921 Peace Dollar? With more than a million of them being produced, do you suppose there were folks out there that thought, these ain't gonna be worth anything in the future?</p><p>Do you suppose that those folks which stuck them away had any idea at all that they'd be worth $100 even worn so badly that you could barely make out what the date was?</p><p><br /></p><p>I compare that 1 Million coin mintage with the recent Native American coins at only 50,000 pieces or even the reverse proof Presidentials at only 17,000 pieces and while they may not be worth much today or even in 5 years, the mintages are still really, really low.</p><p><br /></p><p>Sure, coin collecting is all about popularity and really, the only reason that Morgans are so danged popular is that a lot of the collectors today have this thing about the piece having silver in it and how they remember these as kids.</p><p><br /></p><p>Whats gonna happen in 100 years when we're all dead and gone?</p><p><br /></p><p>Is there a 100 year old coin series where even the common dates are worthless?</p><p><br /></p><p>Most of all, lets not forget about the role that the internet plays in todays coin prices and over all interest.[/QUOTE]</p><p><br /></p>
[QUOTE="19Lyds, post: 2255056, member: 15929"]Hmmm. Funny you should mention this since I was wondering, just yesterday, wht the general public felt about the 1921 Peace Dollar? With more than a million of them being produced, do you suppose there were folks out there that thought, these ain't gonna be worth anything in the future? Do you suppose that those folks which stuck them away had any idea at all that they'd be worth $100 even worn so badly that you could barely make out what the date was? I compare that 1 Million coin mintage with the recent Native American coins at only 50,000 pieces or even the reverse proof Presidentials at only 17,000 pieces and while they may not be worth much today or even in 5 years, the mintages are still really, really low. Sure, coin collecting is all about popularity and really, the only reason that Morgans are so danged popular is that a lot of the collectors today have this thing about the piece having silver in it and how they remember these as kids. Whats gonna happen in 100 years when we're all dead and gone? Is there a 100 year old coin series where even the common dates are worthless? Most of all, lets not forget about the role that the internet plays in todays coin prices and over all interest.[/QUOTE]
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Should the US Mint Reduce their Product Selection and Mintages?
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