| Author |
 Replies: 20 / Views: 3,983 |
Page 2 of 2
|
|
|
|
Pillar of the Community
United States
1116 Posts |
The "s" coins are going to foul up my system of handling the ATB coins. This really goes beyond fouling up the Dansco album but my personal handling system. So now thanks to what CaptainFwiffo has pointed out I'll need to get three rolls. Two for stashing (like the rest of the series) and one just to break up so that I have an "S" circulating coin. I don't know what I'll do with the rest of the 39 coins in the broken roll, but I'll definitely not be putting those back into circulation. Since I'm really not into graded coins I'll have to do something. I don't think that there will be a market for them for a few years (if ever). So who knows................ |
|
Bedrock of the Community
United States
36901 Posts |
Quote:"The "s" coins are going to foul up my system of handling the ATB coins. This really goes beyond fouling up the Dansco album but my personal handling system. So now thanks to what CaptainFwiffo has pointed out I'll need to get three rolls. Two for stashing (like the rest of the series) and one just to break up so that I have an "S" circulating coin. I don't know what I'll do with the rest of the 39 coins in the broken roll, but I'll definitely not be putting those back into circulation. Since I'm really not into graded coins I'll have to do something. I don't think that there will be a market for them for a few years (if ever). So who knows................" Probably cheaper to let others buy a roll then buy one of their extras. This appears to be another money grab by the U.S. Mint. |
|
Pillar of the Community
United States
1116 Posts |
Quote:
IndianGoldEagle: Probably cheaper to let others buy a roll then buy one of their extras. This appears to be another money grab by the U.S. Mint. You're probably right about that but in a lot cases logical thinking seems to take a back seat to want or desire. |
|
Bedrock of the Community
United States
36901 Posts |
Originally they were only going to mint 1.4 million of each type. Now they have decided to mint these to order much the same way they are doing with the SF ASE set. Depending on how sales go, these could either be a scarce issue or you'll end up spending them to get your money back. |
|
Valued Member
United States
470 Posts |
I'm going to get a couple bags and spend them ...so keep eye on your pocket change Wooooo hoooooo.
|
|
Pillar of the Community
United States
1302 Posts |
if everybody buys rolls of them and saves them, and the mint makes 7-10 million of them... how will they ever be worth anything over face value? low mintage/ low value paradox, folks.
buy a couple to collect, but hoarding them is really not an investment strategy.
|
|
Pillar of the Community
United States
2295 Posts |
Most BU State Quarters in the many millions are selling above face value, so why not one with a mintage of just 10-20 million? The problem is that the Mint is selling them at almost double face value, so it might be tough to make any profit on them, from that value, but they will always be worth more than face value. I could never see a dealer selling them at face value, so they will, maybe be worth 50 cents per coin, if BU. I see the state and ATB Quarters selling for 60 cents each now, from dealers. I really hate the idea on how they are doing it. If they aren't for circulation, then it is going to be another NIFC coin they are making and that makes no sense. They are just looking at ways to make more money from the collector. |
|
Pillar of the Community
United States
1590 Posts |
We have come a long way since the 60s when the Mint blamed Collectors for coin shortages; and did all sorts of things to "punish" us. Such as eliminating mint marks.
|
|
Pillar of the Community
United States
6326 Posts |
Quote:
Is anyone going to get a rool of these?
What is the general feeling about these?
Good Idea /Bad Idea ? I'm just undecided really. It's such an extortion job with the price ! ....  .... DOUBLE FACE AND PLUS SHIPPING COST ! One has to pay DEARLY for these ! ........ SHEEEESH ! ....  I kind of doubt that they'll ever see much more than "cost" at best. So if anybody wants them for "profit-playing".... other than the initial "bubble" on ebay.... it's probably gonna be a losing situation, medium/long term. And this will be the first of MANY ATB's with S mints, FOR YEARS TO COME, you know. So the whole thing will be "watered down" soon with the "S" mint craze/excitement. I dunno......maybe this first year of S mints would be neat to have.....but I wouldn't get em' looking to make much money. ebay fanatics will prolly do okay initially though as I said, OF COURSE, as per usual right ? ......  Doubt I'll make up my mind until a few days after they've gone on sale. Edited by eaglefoot
06/15/2012 12:01 pm
|
|
Pillar of the Community
United States
1302 Posts |
it's really a detriment to the hobby because the mint is the hobby's largest coin dealer and it sells garbage- which means the collector has less money to spend on valuable or important pieces from the past.
|
|
Pillar of the Community
United States
1208 Posts |
I don't doubt that there will be more of these 's' mint NIFC coins down the road,
however, the mint has said nothing about doing all the ATBs from here out with 's' mints.
It's messed up no matter how you look at it. One, two, a few... if they haven't done them
all in an 's' variety from the start, it really hurts the set.
|
|
Pillar of the Community
United States
1116 Posts |
Quote:
I don't doubt that there will be more of these 's' mint NIFC coins down the road,
however, the mint has said nothing about doing all the ATBs from here out with 's' mints. I agree that probably for the rest of the series we will be seeing "s" mint coins. So in the future what is to really differentiate these particular coins from either the uncirculated proof coins or the coins that are found in the 3 piece sets. I think that the only people who will need to gather these rolls in are people like me who also collect uncirculated rolls from the mint. This is another ploy for more money from the collector who in the end may start rethinking his purchases from the mint and possibly start to reduce purchasing multiple sets. I know that I may just do that. |
|
Bedrock of the Community
13014 Posts |
Quote:
This is another ploy for more money from the collector who in the end may start rethinking his purchases from the mint and possibly start to reduce purchasing multiple sets. I know that I may just do that. Agreed. I like the variety but the making the same thing over and over again with just a different mint mark is starting to get out of control |
|
Pillar of the Community
United States
1116 Posts |
Baseball its not a different mint mark that we're talking about, this is just a different way of packing an already existing coin in a way that will never go into circulation.
At least with the older pennies the "s" mintmark actually went into circulation. This is another NIFC product pure and simple. Any coins that ultimately get into circulation will be those that are deemed non-MS70 material or just plain old fashioned rejects no matter how good they look.
Edited by ghostrider
06/16/2012 12:23 am
|
|
Bedrock of the Community
13014 Posts |
Ghost that makes it even worse in my eyes
|
|
Page 2 of 2
|
Replies: 20 / Views: 3,983 |
Page 2 of 2
|
First Page
Posted 06/10/2012 4:46 pm
