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Why did the 2021 D shoot up so high in value?
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<p>[QUOTE="GoldFinger1969, post: 8218366, member: 73489"]<i>Is it honest right now with speculators and a few dealers gaming the system and getting 40-60% of the mint releases ? </i></p><p>No, they would ONLY release more coins if the price rose hugely in the aftermarket. </p><p><br /></p><p><b><span style="color: #ff0000">A 10-30% rise in the market is not a concern. A 500% rise in retail prices paid is a concern. </span></b></p><p>Not deceptive, but the threat of an increased release would be there, yes.</p><p><br /></p><p><b><span style="color: #0000ff">It wouldn't be a surprise....it would be well-telegraphed.</span></b> I am NOT talking about the Mint destroying the market for those who paid OGP at retail. I'm talking about the secondary market in the days and weeks after.</p><p><br /></p><p>Hey, I'm NOT wedded to this proposal...but it is something I do think has some merit. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /> It would clearly deter speculators from gaming the system and then artificially boosting the price with restricted secondary supply.</p><p><b><i>Do you think the posts here on Mint released coins (esp. of "hot" products) the last few years inspires confidence and support for the Mint ? </i></b></p><p><b><span style="color: #0000ff">I have NO PROBLEM with a free market dictating things. </span></b></p><p><br /></p><p>I have no problem with individuals acting in their own self-interest.</p><p><br /></p><p>But here you have a few dozen collectors/dealers/firms/telemarketers gaming the system. A government issued product should not sell for 300% or 500% or more a few hours or days after it goes on sale, IMO.</p><p><br /></p><p>If you and the majority of people at CT and most coin collectors are OK with this, fine. I don't buy stuff from the Mint for the most part (maybe 3 purchases in 12-13 years).</p><p><br /></p><p><b><i>Do you think the speculator and secondary price runups are a concern, BB ? Should that be addressed ?</i></b></p><p><br /></p><p>I do. If most people here don't, then my proposal (that's all it was, not a mandate) can go in the dumpster. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 8218366, member: 73489"][I]Is it honest right now with speculators and a few dealers gaming the system and getting 40-60% of the mint releases ? [/I] No, they would ONLY release more coins if the price rose hugely in the aftermarket. [B][COLOR=#ff0000]A 10-30% rise in the market is not a concern. A 500% rise in retail prices paid is a concern. [/COLOR][/B] Not deceptive, but the threat of an increased release would be there, yes. [B][COLOR=#0000ff]It wouldn't be a surprise....it would be well-telegraphed.[/COLOR][/B] I am NOT talking about the Mint destroying the market for those who paid OGP at retail. I'm talking about the secondary market in the days and weeks after. Hey, I'm NOT wedded to this proposal...but it is something I do think has some merit. :D It would clearly deter speculators from gaming the system and then artificially boosting the price with restricted secondary supply. [B][I]Do you think the posts here on Mint released coins (esp. of "hot" products) the last few years inspires confidence and support for the Mint ? [/I][/B] [B][COLOR=#0000ff]I have NO PROBLEM with a free market dictating things. [/COLOR][/B] I have no problem with individuals acting in their own self-interest. But here you have a few dozen collectors/dealers/firms/telemarketers gaming the system. A government issued product should not sell for 300% or 500% or more a few hours or days after it goes on sale, IMO. If you and the majority of people at CT and most coin collectors are OK with this, fine. I don't buy stuff from the Mint for the most part (maybe 3 purchases in 12-13 years). [B][I]Do you think the speculator and secondary price runups are a concern, BB ? Should that be addressed ?[/I][/B] I do. If most people here don't, then my proposal (that's all it was, not a mandate) can go in the dumpster. :D[/QUOTE]
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Why did the 2021 D shoot up so high in value?
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