Reply to Thread

Message:: [QUOTE="Good Cents, post: 5002392, member: 100720"]1 - The Gold Eagle is a hugely popular coin, as is the Silver Eagle. 2 - The Gold Eagle has been a hugely popular coin for Over 30 Years and thus has a very large following of collectors, as does the Silver Eagle. 3 - The Eagle coins themselves are going to have a Major Design Change next year. This makes 2020 the last full year of the Series itself. 4 - This is the FIRST time a "Privy" or special mark is being put on the Gold Eagle (and Silver Eagle), which makes it a collector's item just by the fact of it being the FIRST OF IT'S KIND Version/Variety of a Classic American Coin. 5 - World War II was a war Americans were and are PROUD of. We called our Vets, those working at home for the war effort or suffering at home due to the war "The Greatest Generation". Many of us had parents, grandparents, uncles, great-uncles, who lost their lives in WWII or who served and lived to tell about it and who we want to commemorate with an American Classic Coin minted in their honor. Because of the above reasons it was not necessary to limit the Gold coin to a quantity under 2,000 (or to limit a Silver Coin to 75k) to garner EXTREME interest resulting in the Gold coin being sold out in 7 minutes (or the silver being sold out in 1.5 hours). If someone at the Mint had thought it through, they would have realized that unlike typical commemorative coins or any other series or collections they sell, the American Eagle is a coin that has a following since the 1980's. People have been buying the Eagles as both Bullion & Collectors Items for over 3 decades. That means there are A VERY LARGE NUMBER of Eagle Collectors out there who WANT THESE COINS. The Mint makes money on each coin THEY sell. They don't make money if the coins get resold on eBay for 4-5 times the amount it sells for at the Mint. As a profit-guided operation, anyone thinking about it would have realized for all the reasons I listed above, that the Mint could have generated over 9 times the amount of profit on these coins by offering 7 times the quantity of Gold coins (and 2 times the quantity of Silver coins) and STILL have been sold out in 24-48 hours for both the Gold and Silver V75 Eagles. They didn't even need to manufacture them all right now. Like the Moon Landing Coins that weren't shipped for months, they could have handled it the same way with delayed production. Those of us who are collectors would have been fine waiting for 4-5 months and the "flippers" could have still had their fun on eBay if they were the lucky ones who got theirs early and if there were people willing to pay more to have it quickly. Someone over there at the Mint was sleeping on the job, or fell asleep on their couch during their work day while working from home after a night of binge-watching Netflix. This was not a commemorative dollar, presidential medal, first lady medal, or half-dollar, or whatever. This Was THE Current & Classic American Bullion Coin Collected By People Around The World For Over 3 Decades. And the FIRST time it's being enhanced with a privy, in honor of World War II no less, with many people who have family members they want to honor with these Classic American Coins minted in their honor! Why did nobody at the Mint realize that they would have COMPLETELY SOLD OUT in 24-48 hours after having minted or offered 7 times the quantity they listed for sale for the Gold V75 Eagles and 2 times the quantity for the Silver V75 Eagles? They deprived many of us collectors a piece of our American Eagle collection (whether Silver or Gold). And they lost out on a chance to make a wait for it.... MINT !!![/QUOTE]

Create my FREE Account!

Log in or Sign up

Reply to Thread

Useful Searches