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Updates American Liberty 2016 Silver Medal?

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Darth Morgan's Avatar
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 Posted 09/06/2016  11:27 am  Show Profile   Bookmark this reply Add Darth Morgan to your friends list Get a Link to this Reply
And EVERYONED who ordered HAD to be at their computer at 12:00 noon in order to get one. They had to stop EVERYTHING in their life at noon to get their order in. It sold out in 6 minutes. Sorry, but some people can't just stop what they're doing to place an order at the US Mint's website at a particular time. I find it completely unreasonable that one simply can't come home from work on the day a product is released and place an order for one of these and get it. I guess while I was at work saving lives you all had the chance to order some. Congratulations, and you're welcome!

And I was well aware of this release even though I didn't follow this thread like a maniac.
Edited by Darth Morgan
09/06/2016 11:40 am
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BigSilver's Avatar
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 Posted 09/06/2016  11:41 am  Show Profile   Bookmark this reply Add BigSilver to your friends list Get a Link to this Reply

Quote:
No Clue

I had a good laugh when the mint sent me a product alert email at about 12:08 PM -- 2 minutes after sellout.
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Darth Morgan's Avatar
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 Posted 09/06/2016  11:59 am  Show Profile   Bookmark this reply Add Darth Morgan to your friends list Get a Link to this Reply
Hahaha. Exactly!
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BH1964's Avatar
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 Posted 09/06/2016  12:32 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
Darth Morgan has a valid point and one that has been repeated many times over the years. The mint could solve the issue by simply minting to order and setting mintage limits high enough (100,000+) to satisfy all but chooses not to for whatever reason. It's part incompetence and part profit motive IMO.


Quote:
...Was 12.5k realistic? No way... but I assume the Mint looked at it differently because it was a medal...or...it is the Mint after all..and they WILL go overboard on next years medal mintage.

They were not trying to create a rarity. They had no clue about the interest...key words..no clue.


The mint did make their decision based on interest in prior medals. This particular issue has had more post-release publicity/hysteria around it that any medal in recent history. Whether that holds up in the long run remains to be seen. History tells us that interest in U.S. Mint products wane and the highest prices realized occur the week of release.
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commems's Avatar
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 Posted 09/06/2016  1:52 pm  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply

Quote:
I guess while I was at work saving lives you all had the chance to order some. Congratulations, and you're welcome!

I don't believe such sarcasm directed at others here on the forum is necessary. Let's not make things personal!

It is truly unfortunate that each of the versions of the American Liberty medal had such a low mintage. I think it surprised most collectors. Previous silver medals (Ben Franklin, National Wildlife Series and 9/11 10th Anniversary) all sold more than 12,500 each, so larger mintage limits for the American Liberty medals were definitely expected.

In case you haven't read this entire thread, the mintage figures were discussed quite a bit and several thoughts on the reason behind the low mintage figures were offered.

I don't believe the "too low" mintage limits were because the Mint is "incompetent" or that it "doesn't have a clue." The Mint runs a complex business with many competing demands for its resources -- they may not always get it right and please their collector base, but I don't believe any of its decisions are random or malevolent in nature.


Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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jbuck's Avatar
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 Posted 09/06/2016  2:40 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
I am not sure yet how I feel about this being a series, but do not be surprised if I get excited about it next year. Yes, I agree that it is odd that I like these medals even though I never got into the ASE (other than the one for my 7070).
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Darth Morgan's Avatar
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 Posted 09/06/2016  4:34 pm  Show Profile   Bookmark this reply Add Darth Morgan to your friends list Get a Link to this Reply

Quote:
I don't believe such sarcasm directed at others here on the forum is necessary. Let's not make things personal!


I wasn't being sarcastic. When this medal went on sale I was in the middle of an intrauterine fetal transfusion procedure. Honestly, I feel no ill will toward those who were able to obtain these. I just feel frustrated for all of us who were left behind yet again because of an extremely low mintage offering.
Edited by Darth Morgan
09/06/2016 4:44 pm
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Foxwoods Man's Avatar
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 Posted 09/06/2016  5:08 pm  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply
I guess you have to weigh the importance of each...a life saving procedure or a chance to buy a medal. I worked the last 20 years in a Pediatric ER and missed out on quite a few things I could have done but I never used it as an excuse..ever...and I'm sure there are some who worked building roads and waiting tables that also missed out. Choice of profession is irrelevant to the situation

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llewellin's Avatar
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 Posted 09/06/2016  5:12 pm  Show Profile   Bookmark this reply Add llewellin to your friends list Get a Link to this Reply
I hear you, Darth Morgan, this was my favorite design for a coin in so many years and I too missed out because of work. They could have easily made the mintage higher or made the sale time sometime in the evening when most people are off work to make this more fair. I just don't understand why they would make the mintage so low compared to other medals, especially since they must have known of the design's popularity.

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CoinsA-Z's Avatar
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 Posted 09/06/2016  5:14 pm  Show Profile   Bookmark this reply Add CoinsA-Z to your friends list Get a Link to this Reply
Apparently, no one here in this forum, myself included, knows for certain what the reason is that the US Mint made the decision to make the "Product Limit" (only) 25,000 for the Amer Liberty silver medals (half produced in West Point and the other half in S.F. of course).

It's reasonable to conjecture that initially the "Mintage Limit" would be considerably higher but maybe things changed between then and now. Or maybe we will get news at some point that more of these silver medals will be produced to be included in some special annual set or something.

Either way, my impression is that there was little pre-release excitement about this medal and then seemingly out of nowhere, it's become the talk of the coin community (some angry and annoyed to not have been able to order direct from the Mint some very delighted to have been able to.....especially to have received the medals in hand and be significantly impressed with the quality as many seem to be).


I have seen no gloating by those who were able to get their direct US Mint order processed....which is a good thing.


Personally I do look very much forward to the next issue releases of the American Liberty silver medals and gold coins. I believe these products will be popular among American coin and medal collectors for the foreseeable future.
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jbuck's Avatar
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 Posted 09/06/2016  5:18 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
I have seen no gloating by those who were able to get their direct US Mint order processed....which is a good thing.
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Darth Morgan's Avatar
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 Posted 09/06/2016  5:24 pm  Show Profile   Bookmark this reply Add Darth Morgan to your friends list Get a Link to this Reply
Fox- I'm not using my work as an excuse. You are missing my point entirely, but I won't explain it again. Others "get it" easily enough. Ughh. Signing off....
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Foxwoods Man's Avatar
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 Posted 09/06/2016  5:25 pm  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply
JBuck: I agree...and everyone was supportive in putting out the initial info and multiple reminders for those able to order (five pages of posts before the sale time was reached).

Without this forum there would have been MANY collectors left out in the dark, only finding out about it after the fact.
Edited by Foxwoods Man
09/06/2016 5:27 pm
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jbuck's Avatar
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 Posted 09/06/2016  5:58 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
I get what you mean, Darth.

For what it is worth, I would still like the medals if they minted 100,000 and barely held their value a year later.

I wish the mint could have been more accommodating. I did say could, because I think it is, as indicated above, an issue with resources. The mint only has so many planchets with which to work. If they minted the medals to demand, we would likely be complaining about low ASE mintage numbers instead.
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