US Mint Auctioning Coins

Discussion in 'US Coins Forum' started by masterswimmer, Aug 10, 2022.

  1. masterswimmer

    masterswimmer Well-Known Member

    I received an email from the mint. The info provided gave me pause for more questions than the email answered. Here's the gist of it.


    2021 American Eagle at Dusk and at Dawn 35th Anniversary Gold and Silver One-Ounce Coins To Be Sold at Auction September 1

    August 10, 2022
    WASHINGTON – The United States Mint (Mint) is pleased to announce the public auction on September 1 of special limited editions of 2021 American Eagle at Dusk and at Dawn 35th Anniversary One-Ounce American Eagle Bullion Coins. These limited-edition coins marking transition between old and new designs were produced during a special April 2021 ceremony. The event featured the striking of the last of the American Gold Eagle and American Silver Eagles bearing their original designs and the production of first of those coins featuring the new design.

    “By offering these unique coin sets for auction, we are reaching out to the broadest audience possible,” said United States Mint Director Ventris C. Gibson. “It is an exciting opportunity to celebrate a historic transition in American coin design, and to reinforce the worldwide appeal of numismatics, whether collecting for the artistic fascination of the hobby or for the potential investment value.”

    Stack’s Bowers Galleries will conduct the auction at its headquarters in Costa Mesa, CA, at 1550 Scenic Ave. #150, on September 1, and auction attendees will have the option of participating in-person and virtually, at www.stacksbowers.com, or by calling 800-458-4646 or 949-253-0916.

    Here's a link for the complete article at the Mint website:

    https://www.usmint.gov/news/press-r...NewsLetter&cm_mmca2=NewsRelease&cm_mmca3=&cc=
     
    Cheech9712 likes this.
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  3. -jeffB

    -jeffB Greshams LEO Supporter

    Hey, every time the Mint comes out with a "limited edition" coin, people SCREAM about the experience of trying to place an order, with only the lucky ones managing to succeed.

    An auction guarantees a fair outcome -- where "fair", of course, means "going to those with the deepest pockets". And that is the way life works in general, right? :rolleyes:
     
  4. Paddy54

    Paddy54 Hey brother can you spare a half dime?

    One only need to been alive in the mid 1960's to understand that the mint could give a rats butt about coin collecting. In fact in all actuality the mint and or goverment tried their best to discourage coin collecting.
    This is no surprise to me that the US mint like most businesses care about 1 thing the bottom line!
    They could care less about this hobby, other than controlling what ever part of the market they can control as well manipulate....its been over 12 years since my last US mint purchase....I never support anything or any body that is 100% against my interest....and tries to manipulate the market....as well this hobby. Besides their products are a total joke... design wise... like a bad cartoon character rather than a design one would be proud of...the mint produced better products over a 100 years ago than their modern junk of today.
     
    johnmilton and dwhiz like this.
  5. baseball21

    baseball21 Well-Known Member

    Good for them. No one can complain they didnt have a chance to get it now, of course they'll probably just complain that they couldnt get it for the price they wanted or was to expensive.
     
    Jim Dale and dwhiz like this.
  6. LakeEffect

    LakeEffect Average Circulated Supporter

    Bingo.
     
    charley likes this.
  7. Cheech9712

    Cheech9712 Every thing is a guess

    They are bold. Now everyone gots to have 1 to complete the run on 2021
     
  8. Cheech9712

    Cheech9712 Every thing is a guess

    Let me know how this plays out
     
  9. Cheech9712

    Cheech9712 Every thing is a guess

    Is it fair or fare @eddiespin
     
    -jeffB likes this.
  10. masterswimmer

    masterswimmer Well-Known Member

    So now if you want the set, one, two or four coins, you not only have to bid and hope you are placing a winning bid, but you have to pay a buyers premium of likely 20% minimum. Yeah, the government is our coin collecting friend. When you hear the words 'Hi, I'm from the government, and I'm here to help', run the other way.
     
    Dynoking, imrich, Paddy54 and 2 others like this.
  11. Treashunt

    Treashunt The Other Frank


    fair
     
  12. Hommer

    Hommer Curator of Semi Precious Coinage Supporter

    I am sure Stacks was "low bidder" for the job as they would pile the fees on the winning bid and the government would get the hammer price.
     
  13. charley

    charley Well-Known Member

    I disagree with the commentary concerning the U.S. Mint and the 60s.
    Some persons could care less, and some people couldn't care less, about the rest of the comments. I am neutral.
    Don't hit me.
     
  14. johnmilton

    johnmilton Well-Known Member

    I was a collector in the 1960s. There was a bill in Congress, the Bible Bill, (Bible was the name of a Nevada Senator) which would have given the government to right to dictate which coins were collectible. Somehow they were going forbid you to keep any coins that were not on their list.

    The mint froze dates and did away with mint marks. The mintage of Proof sets were ended. Special Mint Sets took their place. There were magazine interviews when mint officials spoke out against coin collecting, or if you prefer, coin accumulating. The mint was not our side.
     
    Mkm5, Paddy54, -jeffB and 1 other person like this.
  15. rooman9

    rooman9 Lovin Shiny Things

    charley likes this.
  16. johnmilton

    johnmilton Well-Known Member

    I am glad that my interest in modern U.S. coins is very limited. I over pay for the one Proof set I buy each year, and I have over paid for the last commemorative set I bought, the Negro Baseball Leagues set, but I'm done. The Purple Heart set looks interesting, but I have joined "Modern Commemorative Coins Anonymous" and will pass.
     
    Dynoking, Paddy54 and LakeEffect like this.
  17. Paddy54

    Paddy54 Hey brother can you spare a half dime?

    Perhaps if your werent stoned to the gills in the 1960's you may of not missed this....;) and there are still sure signs that youre still on the pipe!
    How many Federal Reserve agents did or do you have in your family?
    I actually had 3 my father, his brother my uncle and his wife my aunt.
    So when you have hard edivence to refute my post ...we will just consider you that your bong posting again !;)
     
  18. Paddy54

    Paddy54 Hey brother can you spare a half dime?

    Correct 100% as I was 11 years old and dad came home from work and his first words were ...you're not going to like this.....unlike Mr. Charley I wasn't smoking anything at 11...So I knew exactly which way was up..... and I know exactly what your post states 100%.
     
  19. Paddy54

    Paddy54 Hey brother can you spare a half dime?

    Honest to god I am a firm believer that the mint has no interest in this hobby other than how much they can make off a new edition...or release.
    Were going to release a new coin or ASE however we are going to only mint 100,000 pcs for a 500,000 market....so the true blue coin collector cannot get a coin for his set...why because the mint just screwed you and didnt even kiss you!
    So the avid collector who is now disheartened by this leaves the hobby...as they cant buy 1 from the mint its sold out! And of course a 16 year old collector cannot afford hundreds of dollars in an after market market.
    If this isn't controlling tne market tell me what is? As well as inflating the actual market price and worth.
    Again the mint isn't in this for any other reason then their bottom line.... end of story.
     
  20. tommyc03

    tommyc03 Senior Member

    I think the U.S. Mint is probably taking a cue from the Brits who recently auctioned off a few coins that were special and got amazing prices.
     
  21. charley

    charley Well-Known Member

    Noted.
     
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