The US Mint to Hold an Auction?

Discussion in 'Bullion Investing' started by fretboard, Jul 30, 2021.

  1. fretboard

    fretboard Defender of Old Coinage!

    According to this video and other sources the US Mint is going to have an auction to auction off coin sets supposedly minted by the main talking head of the US Mint himself David J. Ryder! :D I thought the auction would be only for the main bullion distributors for the US Mint but it's going to be open to the public! Feel free to correct me if I'm wrong here. wow.gif What do you think? This could be fun for some and a disaster for others, I'm not the one with deep pockets so it won't affect me one way or the other, how about you?? :cigar: Will you be a bidder??

    https://www.coinworld.com/news/us-coins/u-s-mint-plans-public-auction-of-ryder-struck-coins

     
    MIGuy likes this.
  2. Avatar

    Guest User Guest



    to hide this ad.
  3. Inspector43

    Inspector43 73 Year Collector Supporter

    Wow, what a deal. People can get them and stack them up with all their First Strikes, Early Release, First Day Issue, etc. and other junk.
     
    dwhiz and LakeEffect like this.
  4. LakeEffect

    LakeEffect Average Circulated Supporter

    Yeah ... I don't really get it. The presses are automated, so Mr. Ryder presses the START button and stands around for a 10-minute photo op and we're off to the auction site! He's not really minting anything and there's no reason why anyone should care about the whole affair.

    Unlike a lot of folks here, I give the mint credit for trying, which I sincerely believe they are doing. But they are so far down this rabbit hole of manufactured rarity and phony hype I fear they won't get back on solid ground for a while. I hope they do.
     
    Inspector43 likes this.
  5. Inspector43

    Inspector43 73 Year Collector Supporter

    Amen. Manufactured Rarity is what it is all about.
     
    LakeEffect likes this.
  6. Collecting Nut

    Collecting Nut Borderline Hoarder

    Yeah and those coins are probably slabbed with a special label to commemorate this occasion.
     
    Inspector43 likes this.
  7. Inspector43

    Inspector43 73 Year Collector Supporter

    Everybody makes money. Buy the label not the coin.
     
    Last edited: Jul 30, 2021
  8. Collecting Nut

    Collecting Nut Borderline Hoarder

    LOL
     
    Inspector43 likes this.
  9. fretboard

    fretboard Defender of Old Coinage!

    Yeah, the new reverse looks kinda nice, in fact I was thinking of buying a 1/10th gold at one time. Still thinking about it but I won't be buying a four coin set at the auction, I just wonder if they're gonna Youtube the auction or Zoom it? Time will tell, I doubt if they'll have it on ebay but you never know! :D
     
    Inspector43 likes this.
  10. baseball21

    baseball21 Well-Known Member

    Pass, they will most likely get very strong prices in the auction
     
  11. slackaction1

    slackaction1 Supporter! Supporter

    What's your number in case I bid ?? BASEBALL? lol
     
    fretboard and Inspector43 like this.
  12. fretboard

    fretboard Defender of Old Coinage!

    I agree, all the white shirts will bid for sure! :D
     
    Inspector43 likes this.
Draft saved Draft deleted

Share This Page