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Why is the Mint Still Selling 2005 Silver Proof Sets?
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<p>[QUOTE="crystalk64, post: 169689, member: 1873"]The 2004 and 2005 nickels, by law, could NOT be sold after the last day of December so this basically locked up the remaining stock of proof sets, mint sets and nickels. But, lo and behold, in early 2006 Congress changed the law so the Mint could get rid of all those products gathering dust at the Mint. Also the move guaranteed the U.S. Mint could control the secondary market by flooding the market with these items. The U.S. Mint is the only mint in the world that goes out of its way to control the secondary market thus destroying future sales with collectors they manage to run off. Canada, in the past year or two, has made every effort to cut production and limit maximum issues in an effort to strengthen the secondary market. Seems to be working as they ALWAYS sell out their products and those products are strong on the secondary market. Is the U.S. Mint paying any attention? Or are they the only ones who are supposed to make ridiculous money off of their products?[/QUOTE]</p><p><br /></p>
[QUOTE="crystalk64, post: 169689, member: 1873"]The 2004 and 2005 nickels, by law, could NOT be sold after the last day of December so this basically locked up the remaining stock of proof sets, mint sets and nickels. But, lo and behold, in early 2006 Congress changed the law so the Mint could get rid of all those products gathering dust at the Mint. Also the move guaranteed the U.S. Mint could control the secondary market by flooding the market with these items. The U.S. Mint is the only mint in the world that goes out of its way to control the secondary market thus destroying future sales with collectors they manage to run off. Canada, in the past year or two, has made every effort to cut production and limit maximum issues in an effort to strengthen the secondary market. Seems to be working as they ALWAYS sell out their products and those products are strong on the secondary market. Is the U.S. Mint paying any attention? Or are they the only ones who are supposed to make ridiculous money off of their products?[/QUOTE]
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Why is the Mint Still Selling 2005 Silver Proof Sets?
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