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United States Mint Opens Sales For 2015 March Of Dimes Special Silver Set On May 4

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GR58's Avatar
United States
11951 Posts
 Posted 05/06/2015  12:57 pm  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
Interesting

I asked three different dealers if they were buying these sets.

One bought two sets, the other two did not buy any.
One of the dealers was one of the bigger dealers on
the gulf coast. That dealer said he only had one customer
ask about the set.

I still like the set, and I am glad my two are shipped.

I may try to sell one of the sets if they end up selling out.
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XavierOfGreen's Avatar
United States
2589 Posts
 Posted 05/06/2015  1:08 pm  Show Profile   Bookmark this reply Add XavierOfGreen to your friends list Get a Link to this Reply
In regards to why the mint does not produce them all at once, this has to due with business practices rather than the inefficiency argument that Bret spoke of. In actuality the mint has no way of knowing whether or not a product will sell out, and so to produce the entire run of the product before it even goes on sale is a foolish proposition as there is the very real possibility of leftover inventory that cost money to make but brings in no return as it either sits around in storage or has to be destroyed. This used to happen quite often in regards to many commemorative coins and still does to an extent today, (hence why you can still buy some 2013 dated first spouse coins directly from the mint in 2015). If you have sales back-ordered, you know exactly how many you should produce to meet sales rathar than losing money on overproduction.
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jbuck's Avatar
United States
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 Posted 05/06/2015  2:47 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
In actuality the mint has no way of knowing whether or not a product will sell out, and so to produce the entire run of the product before it even goes on sale is a foolish proposition...
This.

This is based on their past experiences. I believe the special Bicentennial sets were sold until 1982. Even then they still did not sell out and a larger number of sets were destroyed. We still have no official released mintage number, only the number actually minted.
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United States
1913 Posts
 Posted 05/06/2015  2:58 pm  Show Profile   Bookmark this reply Add Bret to your friends list Get a Link to this Reply

Quote:
In regards to why the mint does not produce them all at once, this has to due with business practices rather than the inefficiency argument that Bret spoke of. In actuality the mint has no way of knowing whether or not a product will sell out, and so to produce the entire run of the product before it even goes on sale is a foolish proposition as there is the very real possibility of leftover inventory that cost money to make but brings in no return as it either sits around in storage or has to be destroyed.

Sorry, but it has everything to do with inefficiency caused by the lack of motivation at the mint as a whole. No matter how good or bad the product/service, no matter how well or poorly they plan, virtually nobody there will be rewarded financially or lose their job. Those in the private sector don't have this luxury, so they either perform or go under. Also, I never made the point that they should produce all of them at once. With the machine changeover time as small as it is in the minting process, small batches can easily be made to promptly meet consumer demand. These are simple metal stampings that come with printed paper, plastic and simple formed furry cardboard holders. Private manufacturers could (and do) manufacture comparable products start to shipped in days, perhaps a week or two at the most. Cars are made start to finish in less than three months. Heck, some planes are made in less than three months. You are correct that it does have to do with business practices, but they're not "best practices" by industry standards. Just like their business practice is to ship products without a final visual inspection after packaging. And, it's their business practice to accept the resulting poor quality returns that could have easily been prevented to begin with.

Don't get me wrong. I really enjoy the products I buy from the mint and understand why they're a government operated entity. But they simply are not efficient. Hence the legitimate question about why it takes so long for them to manufacture given what we're accustomed to from the private sector.
Edited by Bret
05/06/2015 3:00 pm
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 Posted 05/06/2015  3:25 pm  Show Profile   Check omxfl's eBay Listings Bookmark this reply Add omxfl to your friends list Get a Link to this Reply
^
I agree with you, Bret.

The US Mint has a monopoly position which allows them to be arrogant and pretty much do what they want. Any business that has competition would go under if you would have to wait 3 months for a brand new product that was just launched.
The fact that the US Mint did not produce the full 75k March of Dimes sets to have them ready on the day of launch also tells you that the US Mint is run by anything other numismatists. Remember the TA9 fiasco? With that set it was down to customers to determine there was a special finish on the Sac - and with a mintage of only 50k. HELLO?
The fact that a lot of customers will now have to wait some 3 months to get their set (and possibly return it because of quality issues) is not good. But guess what, the US Mint is the 'only mint in town' and we all have to come back because it's the only option to purchase US nusmismatic coins...
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GR58's Avatar
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 Posted 05/06/2015  3:41 pm  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
Mine left Mississippi at 2:xx this morning ..
Hope it will get into and leave Atlanta during the
night.

Might get it by Friday
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Atlas642's Avatar
United States
562 Posts
 Posted 05/06/2015  3:43 pm  Show Profile   Bookmark this reply Add Atlas642 to your friends list Get a Link to this Reply
The Mint just stated 58,129 sets have been sold so far.
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jbuck's Avatar
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 Posted 05/06/2015  3:48 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Mine left Mississippi at 2:xx this morning ..
So did mine.


Quote:
The Mint just stated 58,129 sets have been sold so far.
Not bad. Not a sellout, but still not bad.
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GR58's Avatar
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 Posted 05/06/2015  3:57 pm  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
58,129 ... not bad .. but I would have guessed more.

I guess most everyone that knows about them ...
and wants a set, ordered them the first day.

Be a hard guess for me .. if .. or when these sets
might sell out.
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matttheriley's Avatar
United States
1512 Posts
 Posted 05/06/2015  4:04 pm  Show Profile   Bookmark this reply Add matttheriley to your friends list Get a Link to this Reply
I wonder if the household limit will be lifted?
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Slamnbass's Avatar
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 Posted 05/06/2015  4:09 pm  Show Profile   Bookmark this reply Add Slamnbass to your friends list Get a Link to this Reply
Oh and cars coming off the assembly line are built from start to finish in 24 hours on average
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Foxwoods Man's Avatar
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 Posted 05/06/2015  4:26 pm  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply
I don't know what car production has to do with coin mintage but I thought it pretty impressive that they had 30,000 or more sets ready to go on day one AND freakin have them all with a shipping label printed the next day.....
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Slamnbass's Avatar
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 Posted 05/06/2015  4:40 pm  Show Profile   Bookmark this reply Add Slamnbass to your friends list Get a Link to this Reply
Agreed foxwood and I'm not comparing anything I just saw a mention of how long it takes to build a car so I threw that out there becaus some may find it interesting-i have no problems with the mint myself...
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SA4H's Avatar
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2764 Posts
 Posted 05/06/2015  4:54 pm  Show Profile   Bookmark this reply Add SA4H to your friends list Get a Link to this Reply

Quote:
I don't know what car production has to do with coin mintage but I thought it pretty impressive that they had 30,000 or more sets ready to go on day one AND freakin have them all with a shipping label printed the next day


I agree.

I agree that they don't operate with the "best practice" as private business. However, we have to give them credit for the improvements they have achieved so far. It is a lot BETTER than compare to 2011 and prior.
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Foxwoods Man's Avatar
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 Posted 05/06/2015  5:01 pm  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply
...but do they have that car in your driveway 2 days after it is manufactured and ready to roll?

I can't even imagine what it takes to get all those orders packaged, labeled, and ready to be out the door in ONE day....

Totally ridiculous to suggest that all 75k would be available to be shipped on day one....

But that's just me I guess....

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