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Replies: 762 / Views: 63,915 |
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Pillar of the Community
United States
3644 Posts |
Agreed and just an fyi....it is weeks from the time one rolls off the final production line to the hands of a consumer believe it or not...
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Pillar of the Community
United States
3644 Posts |
And if you were to actually special order a vehicle its even longer than that
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Moderator
 United States
190135 Posts |
Look, it is not that they could not have 75,000 sets ready to ship as much as it is they do not want to get stuck with a significant subset of 75,000 sets left unsold. It is a valid concern whether you accept it or not. Just because we think it is a slam dunk does not mean the government bean counters are ready to commit.
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Pillar of the Community
United States
1255 Posts |
The extra 17 K sets left could probably be bought by the people shopping on ebay if they knew any better :-)
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Pillar of the Community
United States
1913 Posts |
Quote: I don't know what car production has to do with coin mintage Just a relative comparison of manufacturing complexity and the resulting time to manufacture. If a complex piece of machinery like a car can be made in a matter of days, packaged coins can be too. BTW, I don't think the mint is too concerned about overproduction and getting stuck with coins. If so, they wouldn't still be selling 2014 Proof and Mint Sets. Heck, they're still selling 2011 Presidential $1 coin uncirculated sets. I do agree that their operations overall have improved over the years. They just really need to focus on post packaging quality verification. I'm just having to send too many things back that a simple visual inspection would have caught.
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CCF Master Historian of USA Commemoratives
 United States
12323 Posts |
Quote: BTW, I don't think the mint is too concerned about overproduction and getting stuck with coins. If so, they wouldn't still be selling 2014 Proof and Mint Sets. Heck, they're still selling 2011 Presidential $1 coin uncirculated sets. Actually, the Mint is under something of a time constraint with this set. By law, the MoD silver dollar can only be sold through December 31, 2015. If any of these Special Sets were still unsold at that point, they would have to be taken off sale and destroyed. This is the case for all commemorative coins authorized by Congress - they can only be sold during the calendar year for which they are authorized. The other sets that you mention do not fall under these rules and so can be sold past their year of release.
Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Pillar of the Community
United States
1512 Posts |
So if the set doesn't sell out, could the final mintage on the dimes be lower?
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Pillar of the Community
United States
1512 Posts |
Btw, my mod uncirculated dollar just shipped.
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Pillar of the Community
United States
5212 Posts |
Quote:The extra 17 K sets left could probably be bought by the people shopping on ebay if they knew any better :-) If they wanted to wait until August or later 
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Pillar of the Community
United States
1913 Posts |
Quote: This is the case for all commemorative coins authorized by Congress - they can only be sold during the calendar year for which they are authorized. I did not know this. Thanks for letting me know. Perhaps they're not really concerned about over production, but having to destroy coins. BTW, I just got a shipping notice for my order which had several other items on it too.
Edited by Bret 05/06/2015 9:04 pm
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Pillar of the Community
United States
4541 Posts |
Mine supposed to be here tomorrow
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Valued Member
United States
127 Posts |
Im gonna take this opportunity to gripe about coin grading: So I ordered 5 sets, a bit greedy, I know but I wanted to make up for other mint products I missed, still havent decided to keep or sell them all and buy some other coins. But I noticed the ngc article about the special "pedigree" labels they offer for the MOD set. No price listed but upon searching pcgs I see they charge $18 JUST for the first strike label?!? So does that mean if the normal grading is $20, and first strike is another $18, then its $114 just to grade one set? Thats more than the set costs on ebay. Am I missing something? I'm sure a pf70 dime would sell for a good premium but I figured youd be stuck with a bunch of graded silver dollars that probably wont sell for more than the original price. Seems risky. Im continually brought to the conclusion that submitting stuff for grading (unless your a dealer with lots of volume) will cost more than buying one from someone who has already done it. Trading some sets for some other coins sounds a lot more appealing at this point as the scarcity of them gives me a little more bartering power. I may also just store them away for a couple years and see if they climb in value. I can already see the ebay prices slipping a tiny bit. Only time will tell Thoughts?
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Valued Member
United States
467 Posts |
Part of my collection is made up of items that might be worth a small premium now, but turning these into generational holdings could be of a nice value for those in the future.
A few of these sets ordered are going into that section of the collection. Demand will eventually outpace supply.
Edited by oober 05/06/2015 10:18 pm
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Pillar of the Community
United States
1913 Posts |
Turbolag, you're spot on with what you're thinking. 3rd party grading has it's purpose, but most modern coins are not it. The 1st strike labels are completely useless in my opinion. The fact that the majority of the Roosevelt dimes in this set could qualify for 1st strikes illustrates my point. More importantly, if the people at the grading service can't tell a difference in strike quality and have to rely on submission date, then doesn't it just go to show that the experts at the 3rd party grading services really can't determine a significant difference between what's an early strike from a die set and what's a later strike from a die set. It is however an easy way to generate a revenue stream.
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Pillar of the Community
United States
4901 Posts |
Quote: But I noticed the ngc article about the special "pedigree" labels they offer for the MOD set. No price listed but upon searching pcgs I see they charge $18 JUST for the first strike label?!? The NGC article startes that they have a special label for the set and to submit under "modern" tier and indicate special designation (MOD label) and "Early Release" Total cost of grading and ER is $20 per coin ($60/set). They will return the original packaging for $3/submission PCGS has not released any info as of last night. They are routinely behind the ball with new issues but it DOES cost $18 in addition to grading fees for First Strike. This is why I use NGC....
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Replies: 762 / Views: 63,915 |