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 Replies: 15 / Views: 2,381 |
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Pillar of the Community
United States
2764 Posts |
I found it's a bit strange that the Mint SOLD OUT the 2012-W Proof ASE in the middle of November..... I talked on the phone w/ a rep and she said it's sold out and there was a "mintage limit".... WHAT? When did they institute a mintage cap? She also said they were also sold out last year around this time. Aren't these coins mint-to-demand and supposed to end on the final day of the year? That's what I remembered years past. |
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Valued Member
United States
386 Posts |
No, I've seen this in years past. Try a local coins shop. Mine charges five dollars over mint price, same as cost of postage.
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Pillar of the Community
United States
1200 Posts |
You should be able to locate what you're looking for with a couple phone calls to area coin dealers or a visit to a coin show. I'm in a small city - only one decent coin/PM dealer and one small monthly show (10x/yr) - and the 2012W proofs can be found at both the dealer and the show.
The US Mint's 2013 Product Schedule is supposed to be out (?) on their website this month. I scan it as soon as it's out so I can plan my projected expenses and funding for the upcoming year and get the few things I want from them as soon as they're available. Nothing gained by banking on ongoing product availability.
Good luck with your hunt.
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Pillar of the Community
United States
4901 Posts |
Yup, they usually sell out around November of every year. No big surprise but....you might be able to get one from the Mint after all: 2012 Limited Edition Silver Proof Set Planned http://www.coinnews.net/2012/11/17/...r-proof-set/Only cost you $149 for the leftovers....  |
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Pillar of the Community
United States
2543 Posts |
Once again the mint is walking that fine line between consumers and collectors:
Point 1: " The mint is a government agency, run with our tax money . We should be able to get whatever we want, in whatever quantity we want "
OR
Point 2: " Collectors/Dealers are the life blood of the mint. Taxes pay for it's operation but collectors make it a profitable operation. Collectors want collectable coins. Capped or low mintages = collectable coins.
Take your pick.....
Edited by denco7
11/18/2012 3:00 pm
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Rest in Peace
 United States
1380 Posts |
I'll let someone with more time go into this with more detail, but:
Point 1: Wrong
Point 2: Wrong
Yes, the mint is a government agency, but it is not run with tax money, it is completely self supporting. Collectors / dealers do not make up the majority of the mints profit, seignourige does, followed by bullion (mostly investors, not collectors). Collectors are more of an after thought, bringing in a little icing on the cake.
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Rest in Peace
United States
1380 Posts |
Not that I'm defending them, they still have a lot of  s there. Just don't misunderstand who and what they are, and their purpose, which has little to do with us as collecters. |
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Pillar of the Community
United States
2543 Posts |
You say tomato , I say tom-ah-to. You say seigniorage, Wikipedia and I say Tax : Quote:
Seigniorage derived from specie�"metal coins, is a tax, added to the total price of a coin (metal content and production costs), that a customer of the mint had to pay to the mint, and that was sent to the sovereign of the political area.[1] You say " investor " , I say " collector " As an " investor , you still have to buy your ASE's from an authorized distributor at a premium and you collect them as a hedge against a faltering dollar. As a collector you buy a coin or set from the mint with the hope that in the coming years it is going to be worth more than you paid for it. Doesn't that make you an investor? Look, it is all semantics. Edited by denco7
11/18/2012 2:02 pm
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Pillar of the Community
United States
2543 Posts |
Any time the govt charges you a premium over it's costs for something that only it legally supplies and is essential to make it through every day life, you can call it seigniorage. I call it a tax, and tax payers bank roll the mint. Any time you take a coin out of circulation ( 50 states quarters ) you are a collector and the gov't has to replace those quarters in circulation. Obviously there are way more aspects to discuss and it is way more complicated than I care to get into. But if collectors were not essential ( not most profit generating } to a mint's bottom line then , Perth and RCM would not be producing soooooo many boutique coins and the US mint would not have been so quick to apologize about the SF set and 150 set fiasco no matter how backhanded the apology was. That was all I was saying. We could debate semantics and nuances all day. Edited by denco7
11/18/2012 2:05 pm
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Rest in Peace
United States
1380 Posts |
Not wanting to get into an argument, political discussion or flame war, but your first post implies that the primary purpose of the mint is to service collectors, and implies a sense of entitlement to collectors, both of which I disagree with. The mint's primary job has nothing to do with collectors, nor should servicing collectors interfere with their primary job. Nor as collectors does it do us as a community any good to treat the mint as an entitlement program just for us. That leads to the mid 60's, when the mint stopped mint marks, mint sets and proof sets in a reaction against perceived abuses by the coin collecting community.
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Pillar of the Community
United States
2543 Posts |
@jgfindring Reading way, way too much into my original post.( since edited ) I am in total agreement with you . Nothing infuriated me more than to read all the grumblings from " collectors " over the mint to order San Fran sets process. " ......oh if the mint does not put a low cap on the mintage , we will never realize at significant profit in the after market......." Who cares certainly not me or my 10 year old ( son ) collecting partner.We just wanted one for our collection no matter how many they issued. The mint is not in business to make sure the after market is profitable. The same way the Federal Reserve manipulates interest rates to keep inflation in check not to bolster the stock market. That being said, it does the mint no good to mint 30 million of everything ( unused Presidential dollars still filling warehouses ) I was just offering a possible reason for mintage limits. " always leave them wanting more " - P.T. Barnum You and I are on the same page my friend ...... Edited by denco7
11/18/2012 3:04 pm
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Pillar of the Community
 United States
2764 Posts |
Thank you for everyone input. I'm sure I'll be getting it at one of the few coin show in my area..... or some members on here will put up for sell at a latter date. I'm in no rush, just curious.
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Valued Member
United States
86 Posts |
Quote:
Nothing gained by banking on ongoing product availability.
- Fat Freddy
 As soon as I made the decision to own the 2011 burnished ASE I snapped it up. Knowing that they can abruptly end sales was a key motivator. Still on sale today but I did get in on the lower cost.  I'm biased as my preference is to buy from the mint directly. |
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Valued Member
United States
300 Posts |
Quote:Yup, they usually sell out around November of every year. No big surprise but....you might be able to get one from the Mint after all: 2012 Limited Edition Silver Proof Set Planned http://www.coinnews.net/2012/11/17/..r-proof-set/Only cost you $149 for the leftovers.... Anyone think this will be a HOT set to order? ...Only 50k mintage |
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Pillar of the Community
United States
4901 Posts |
Quote:
Anyone think this will be a HOT set to order? ...Only 50k mintage Absolutely not....the 50k pertains only to the packaging...most of the coins have been around since June Just another Mint gimmick |
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Valued Member
United States
300 Posts |
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Absolutely not....the 50k pertains only to the packaging...most of the coins have been around since June
Just another Mint gimmick Yep, you're right FW, after asking around, I've been told the Kennedy alone is available in 3 or 4 other sets...  , I'm passing for sure, I'd like to see the Mint come up with something unique and with a very limited run OR limit the household to only one, maybe a New Gold Limited Edition Eagle design with a 15k mintage? |
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Replies: 15 / Views: 2,381 |
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Posted 11/18/2012 08:43 am
