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Time for the Mint to Change — From Coin Week
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<p>[QUOTE="LakeEffect, post: 5140941, member: 43201"]The irony of that article is that it is complaining about the fact that the Mint <i>did</i> change.</p><p><br /></p><p>For years, mint sales were in decline. Nobody bought proof sets or mint sets. Commemorative coins rarely came close to selling out. We collectors could have bought anything we wanted from them with no trouble but we really weren't too interested.</p><p><br /></p><p>So the Mint - charged with being profitable - started experimenting with ways to improve sales. Add a bonus West Point coin to the set? Mint a ridiculously low number? Offer ump-teen different versions of proof, reverse-proof, satin, burnished, etc, etc?</p><p><br /></p><p>Suddenly, everybody wanted that manufactured rarity. Sales went up. The mint was selling product - fulfilling their mission. </p><p><br /></p><p>I'm a simple collector who has largely given up on U.S Mint offerings for all of the reasons you have. But I recognize that you either get readily available offerings that few people are interested in, or you get in-demand offerings that you have to compete for. You can't have it both ways.[/QUOTE]</p><p><br /></p>
[QUOTE="LakeEffect, post: 5140941, member: 43201"]The irony of that article is that it is complaining about the fact that the Mint [I]did[/I] change. For years, mint sales were in decline. Nobody bought proof sets or mint sets. Commemorative coins rarely came close to selling out. We collectors could have bought anything we wanted from them with no trouble but we really weren't too interested. So the Mint - charged with being profitable - started experimenting with ways to improve sales. Add a bonus West Point coin to the set? Mint a ridiculously low number? Offer ump-teen different versions of proof, reverse-proof, satin, burnished, etc, etc? Suddenly, everybody wanted that manufactured rarity. Sales went up. The mint was selling product - fulfilling their mission. I'm a simple collector who has largely given up on U.S Mint offerings for all of the reasons you have. But I recognize that you either get readily available offerings that few people are interested in, or you get in-demand offerings that you have to compete for. You can't have it both ways.[/QUOTE]
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Time for the Mint to Change — From Coin Week
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