US Mint to Redesign ASE/AGE's and Implement Security Devices

Discussion in 'Bullion Investing' started by furryfrog02, Oct 12, 2019.

  1. furryfrog02

    furryfrog02 Well-Known Member

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  3. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    So, how much do you think they will increase prices due to the changes?

    Chris
     
  4. furryfrog02

    furryfrog02 Well-Known Member

    Increased security means increased prices aka increased profits for them.
     
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  5. wxcoin

    wxcoin Getting no respect for 63 years

    Bigly
     
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  6. LA_Geezer

    LA_Geezer Well-Known Member

    The way I read it, only the collector versions and the proof will get the security treatment, while the new reverse design will appear on all production. The common bouillon coins will not get the security treatment. I heard Mezak mention the proposed change on TV some time ago, but he did not say that the changes would appear as soon as the cited article does. This is exciting news.
     
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  7. Islander80-83

    Islander80-83 Well-Known Member

    So it sounds like they have already made the decision on the design if they plan on announced it in the near future.

    I couldn't care less about the security/anti-counterfeiting stuff. It's probably just a waste of money. We've lived this long without it. It will only increase the price for us. Besides, someone will figure out a way around it.

    I'm more concerned about the design. They should have run the options through this forum first. ;)

    Thanks for sharing!
     
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  8. chuckylucky5

    chuckylucky5 Member

    Knowing the artistry we have on current US Mint issues, I will expect UGLY, but will hope for better.
     
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  9. myownprivy

    myownprivy Well-Known Member

  10. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    In the year 2000, you could buy one of everything the Mint had to offer for about $8,000. In 2006, you had to spend close to $20,000 for one of everything. What do you think it would cost today? $30,000? $40,000? More?

    Exciting? You call this exciting?

    Chris
     
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  11. Chris11111952

    Chris11111952 New Member

    They might do something similar to Maple Leafs with laser mark.
     
  12. Islander80-83

    Islander80-83 Well-Known Member

  13. LA_Geezer

    LA_Geezer Well-Known Member

    It's only money ;)

    But I would really like to know what you mean by
     
  14. Rassi

    Rassi #GoCubs #FlyTheW #WeAreGood

    Can anyone explain the whole DNA thing they're talking about in language a common person can understand? I know what DNA is normally, but not clear how they're using it in regard to these coins....
     
  15. Mountain Man

    Mountain Man Well-Known Member

    "In addition to improving anti-counterfeiting measures, we are reaching out to educate and inform the numismatic community and consumers about potential counterfeits, thus ensuring continued confidence in our bullion products for years to come.”
    In other words, we will let the counterfeiters know what they need to do to to get their products out.
     
  16. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    That wouldn't include any of the equipment necessary to make the coins.

    Chris
     
  17. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    It,s really a mute point, when you look at it as the counterfeiters will always
    Find a way to beat the system and make replica coins that look authentic
    And will pass as the real thing, and the people buying these have to know
    About these features as well so letting them know i think would be a
    Big challenge as well.
     
  18. Rassi

    Rassi #GoCubs #FlyTheW #WeAreGood

    Are the new maples being counterfeited, or are the bad guys sticking with the older design?
     
  19. LA_Geezer

    LA_Geezer Well-Known Member

    Oh, and BTW, my excitement was over the new reverse design that's headed for 2021 or 2022 release, nothing else.
     
  20. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    I liked the "Soaring Eagle" reverse of the Sac dollar and was building a complete set of business strikes in MS68. Then, they had to go and mess with the reverse on it. Even the edge lettering sucks!

    Chris
     
  21. whopper64

    whopper64 Active Member

    The American Silver Eagle is the most identifiable coin in the world, and called one of the most beautiful U.S. coins ever minted. So of course the U.S. Mint is going to mess with that! Why not just incorporated anti-counterfeiting measures like the Canadians, and keep the "most beautiful and best selling" reverse as is?
     
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