Buyers From Mint Down By 25%

i have quit buying proof sets b.c they cost so much. then a year down the road if you need to sell they are worth 10 bucks. other than that they just dont offer anything some people want anymore IMO

A sense of déjà vu.

Two weeks ago, our forum admins had to create a dedicated Canadian NCLT (Non-Circulating Legal Tender) forum for RCM ( Royal Canadian Mint) commemorative and collector coins. This was a good move.

http://www.coincommunity.com/forum/...FORUM_ID=144

Because, over the past couple of years, the discussions became intolerable to participants and readers alike. Such strong animosity... vitriolic comments made by a few individuals that knew nothing nor cared about that segment in the first place. A sad situation.

I hope the US side does not get to this point. Because after all, the passion to collect is strong within us all and there is no one group entitled more than another. There are interesting things to learn about NCLT, just like anything else in life. The quality of NCLT can be phenomenal and the designs inspiring. Healthy debates are to be had of course. As to the pertinence of the coins, quality and mintage are important factors but ultimately, let us revert to the free market to settle on the outcome, if purely based on profitability. But collecting isn't all about profit.

As I have always said in the Canadian forum, NCLT collectors do not take anything away from non-NCLT collectors. We can co-exist and it's all good for our hobby.

Hi jinx!

Of course it's all about (some) profit and there is nothing wrong with that. Is there? Otherwise we'll have to bail them out too!

It think the Mint MUST grasp what collectors want, or else they can't be profitable.

---I think the weak US economy is the main (but not the only) reason for the drop in profits

---If you wants to raise the Mint's profits I suggest that you finally get rid of the One Dollar bank note and thus start a real effort to introduce the $1 coin into circulation.
It would save money in the long run (haven't there been reports claiming it would go into the hundreds of millions) and make extra profits for the mint

I have sent more than one e-mail suggesting that if the mint offered a combination clad & silver proof set, I would buy it.

I have no problem with that. Some people want silver, some want clad. I want both because I have holes for both. I do not like having the duplicates when buying both sets. I am currently buying just the full silver proof set, clad quarter set, and finding the last three clad coins at coin shows.

The problem is a lot of collectors want to try and get one of everything the mint makes. he less affluent of these naturally can't get the gold and platinum coins, but they do try for the sets and the silver coins. They used to have a mint set and a proof set. Maybe a proof silver eagle and a commem dollar or two. Now they also have the silver proof set, the quarter set, the silver quarter set, the proof dollar set, maybe a special set with one of the commem dollars, then the roll set of cents, and five rolls sets of quarters, a roll set of halves, and six roll sets of dollars! Then add in the big price increases and a lot of them have said the heck with it.

One other possibility is there were a lot more customers in 2009 because they wanted those cents. This year they didn't come back.