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Innovation Program Debacle

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 Posted 11/30/2019  08:11 am  Show Profile   Bookmark this reply Add CelticKnot to your friends list

Quote:
The delayed releases are the Mint playing catch up.

Right. A similar thing happened with the 3" 5 oz. ATB pucks several years ago when they were first issued.
Edited by CelticKnot
11/30/2019 08:12 am
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 Posted 11/30/2019  09:09 am  Show Profile   Bookmark this reply Add bzookaj to your friends list

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Then again maybe it's unpopular and just the introductory coin will be it.

I'm betting this is the case.

The introductory RP sold quick because it was new and limited, and interest and series information were unknown at the time. But given that the series won't be part of the annual sets, and Ps and Ds are only in rolls, interest will be depressed for the series overall.
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 Posted 11/30/2019  8:18 pm  Show Profile   Bookmark this reply Add Bret to your friends list
Ballyhoo, don't forget that once you make three separate purchases, the rest of your purchases for the year ship for free. I no longer worry about combining purchases and just buy as they're released.
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 Posted 12/01/2019  5:40 pm  Show Profile   Bookmark this reply Add Ballyhoo to your friends list
My apologies if coming across as angry, to the contrary confused would be more appropriate. With a somewhat low mintage of 75,000 I don't see many of them lasting between each release making it cost more. At $9.95 plus $4.95 shipping these become costlier than ordering them all at the same time. Perhaps things will change as the program continues. For the time being, I'm still going to acquire them.
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 Posted 12/01/2019  7:43 pm  Show Profile   Bookmark this reply Add Bret to your friends list
Do you not make other purchases from the mint? You only have to pay the $4.95 the first three times you order during the year.
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 Posted 12/01/2019  8:39 pm  Show Profile   Bookmark this reply Add hfjacinto to your friends list
I just went for the standard proofs. I think they look good.

Innovation-Program-Debacle
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 Posted 12/01/2019  10:15 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list

Quote:
With a somewhat low mintage of 75,000 I don't see many of them lasting between each release making it cost more.


I'd be shocked if a significant amount of them actually sell out at any point. Usually the first couple do and then unless the mintage drops they stop selling out
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 Posted 12/02/2019  08:09 am  Show Profile   Bookmark this reply Add hfjacinto to your friends list

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With a somewhat low mintage of 75,000 I don't see many of them lasting between each release making it cost more. At $9.95 plus $4.95 shipping these become costlier than ordering them all at the same time. Perhaps things will change as the program continues. For the time being, I'm still going to acquire them.


My LCS picked up a few of them (the initial coin) and a few of the current ones and they are on display. He said he sold only a few and is doubting he will get any of the other sets unless there is an uptick in sales. Personally I like the series and I agree the $4.95 shipping does add to the cost. Like several others posted, if you order 3 items in a year postage is free. You can spread out your purchases and get free shipping on these or try to get them in the secondary market. I'm on the fence as to whether these will be a big deal going forward. Like I said I like them, but doesn't seem to be a lot of interest. If they were silver dollars I guess we could be a bigger interest. Or if they were circulating. I'm in for the long term with the proofs.
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 Posted 12/02/2019  08:27 am  Show Profile   Bookmark this reply Add bzookaj to your friends list

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If they were silver dollars I guess we could be a bigger interest. Or if they were circulating.

Or if they added the Ps, Ds, and proofs to the annual sets. That would make them easier to get, and increase interest in the reverse proofs by those seeking the complete set. Instead, they make it difficult and expensive by separating everything and only offering rolls for the uncirculated finishes.
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 Posted 12/02/2019  09:46 am  Show Profile   Bookmark this reply Add Bret to your friends list

Quote:
and only offering rolls for the uncirculated finishes.

I actually like that they're not included in the proof and mint sets. However, the mint should definitely offer a P & D Innovation Dollar uncirculated set.
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 Posted 12/02/2019  10:46 am  Show Profile   Bookmark this reply Add commems to your friends list
My local coin club is purchasing rolls of the American Innovation $1 coins (P & D) from the Mint and then selling them to club members at cost (actually a little below cost). It makes it easy for club members to build a business-strike collection of the new $1 coins very inexpensively.

Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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 Posted 12/02/2019  12:13 pm  Show Profile   Bookmark this reply Add wyzeguy to your friends list

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My local coin club is purchasing rolls of the American Innovation $1 coins (P & D) from the Mint and then selling them to club members at cost (actually a little below cost). It makes it easy for club members to build a business-strike collection of the new $1 coins very inexpensively.


That is very cool of them. I too wish the mint offered these in an uncirculated set.
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 Posted 12/02/2019  2:46 pm  Show Profile   Bookmark this reply Add jbuck to your friends list
After some thought I am pretty sure I will just buy the annual proof sets to build a Dansco album (assuming they make one; if not, then a generic small dollar album).

I did by the introductory reverse proof coin and will probably add a few states that appeal to me for personal reasons (either the state or the innovation represented). I will keep them in the OGP.

I did not build an uncirculated Prez set, so I doubt I will worry about the same here.
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 Posted 12/02/2019  3:29 pm  Show Profile   Bookmark this reply Add hfjacinto to your friends list

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After some thought I am pretty sure I will just buy the annual proof sets to build a Dansco album (assuming they make one; if not, then a generic small dollar album).


jBuck, I know you're a Dansco guy but the Littleton is also really nice for the proofs :)

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 Posted 12/02/2019  4:19 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

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jBuck, I know you're a Dansco guy but the Littleton is also really nice for the proofs :)
Thank you for the tip, but I am no stranger to making custom Dansco albums using blank pages.
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