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 Replies: 349 / Views: 38,130 |
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Valued Member
United States
210 Posts |
Quote:
I looked at mine really close with a loupe. The plastic does have some marks there, but the cent rim is unaffected. I think it is probably from the automation equipment loading the coins in the lens. To me it appears as though the top molding is defective. When the two plastic shells were married together, the penny was seemingly damaged by the protruding plastic. Now the question is whether I should go ahead and order two more sets before they sell-out (and return these). Edit: Upon closer inspection only one set has the rim ding. Both have the plastic "nipple" defect (giving the illusion of coin damage) but just one was dinged by it. Edited by TreeMonkey
07/29/2018 4:39 pm
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Pillar of the Community
United States
1044 Posts |
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Now the question is whether I should go ahead and order two more sets before they sell-out I'm curious how close they are to selling out. Tried looking up total sales to date but only finding first day sales. Ordering two more is the surest way to make sure you get them. If you do just make sure you specify a refund of items on the return tag. |
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Pillar of the Community
United States
2619 Posts |
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I'm curious how close they are to selling out. Tried looking up total sales to date but only finding first day sales. According to the newest Coin World issue that came out today (dated August 13), "As of July 26, the [sales] total reached 135,256." |
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Pillar of the Community
United States
4692 Posts |
Quote:According to the newest Coin World issue that came out today (dated August 13), "As of July 26, the [sales] total reached 135,256." A bit ironic, that they date the issue 15 days into the future and report data that is 3 days in the past. What good is having news from the future, that reports news from the past!  Edited by jimbucks
07/29/2018 7:08 pm
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Pillar of the Community
United States
2023 Posts |
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A bit ironic, that they date the issue 15 days into the future... This is standard practice for some magazines, at least it used to be, where a near date made it look more current and longer dates were more indicative of when the (unsold) magazine was supposed to be removed from the shelves, not when it was published. https://en.wikipedia.org/wiki/Cover_date |
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Pillar of the Community
United States
2619 Posts |
No movement on mine since Friday night when it left Grove City. |
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Pillar of the Community
United States
4901 Posts |
Sales numbers as of the 29th will be released Tuesday afternoon. Still probably under 150k
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Bedrock of the Community
 United States
12835 Posts |
Mine's in Dallas at last check. If the past is any guide, it will go to Houston before coming up to Austin. Still looking like Tuesday for me.
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Moderator
 United States
188560 Posts |
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Wouldn't this require congressional legislation because it would be a change in metal composition? Correct. For example, the 2009 cents were legislated to be 95% copper. Quote:
There are only so many things the Mint has real control over. Also correct. People like to blame the Mint for a lot, when much of that blame should fall on our Congress. |
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Pillar of the Community
United States
1913 Posts |
I don't think that all the blame can be put on Congress. The Director of the United States Mint has the responsibility to communicate pertinent information to the appropriate members of Congress and the President. Yes, the mint can only do what's written in to law, but like the IRS, the mint has to inform Congress about the impact or potential impact of the laws. We need this because collectors want it and we'll make money off of it is not something that many members of Congress would say no to. My bet is that nothing's being communicated to Congress and, therefore, nothing's being done.
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Bedrock of the Community
13014 Posts |
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. I don't think that all the blame can be put on Congress. The Director of the United States Mint has the responsibility to communicate pertinent information to the appropriate members of Congress and the President. Yes, the mint can only do what's written in to law, but like the IRS, the mint has to inform Congress about the impact or potential impact of the laws. We need this because collectors want it and we'll make money off of it is not something that many members of Congress would say no to. My bet is that nothing's being communicated to Congress and, therefore, nothing's being done.  . Even though congress does technically have a lot of control the mint seems to be content just stepping back and saying not our problem everything is up to them. I have a very hard time imagining they would get told no if they were like hey we need xyz legislation to make a collector product that will be profitable. Out of the major mints and really even the semi major mints the US mint has the fewest products by far with most if not all of them especially when you consider a large number of products are just different packaging Edited by basebal21
07/30/2018 3:59 pm
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Pillar of the Community
United States
2619 Posts |
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I have a very hard time imagining they would get told no if they were like hey we need xyz legislation to make a collector product that will be profitable. I think that oversimplifies the process of actually writing, introducing, and passing a bill into law. Yet to me this argument is a moot point, because this whole thread is about a brand new product from the Mint that is appealing to collectors and outside the realm of usual offerings. I for one am happy to see the Mint stepping out with this set and the EU set from last year, while also avoiding the overly commercialized, crazy product offerings of the other mints. We can't have it both ways, and I think it's time we give the Mint some credit.  |
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Pillar of the Community
United States
2023 Posts |
I have a hard time imagining that copper cents in special Mint products would be profitable enough. Copper is not a precious metal and is not currently used in any other coin (except as clad or alloy) so there would be a change in acquisition and production processes. The necessary price increase would turn off a number of people and it would not be seen as a metal investment.
It's also odd to me that you use "fewest products by far" here, when in other threads we complain about the sheer volume of (largely undesirable) products from other mints. Sure, more products would be desirable if they are the products we want. What I hear most (besides the hubbub around dollar coins) is that we want more attractive designs on both our circulating coins and our commemoratives (which are largely precious metals).
This variation of the cent is IMO not what the market wants. If the Mint could produce a document that says otherwise and that it would be profitable, I'm still skeptical that it would be profitable enough to justify it going forward.
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Moderator
United States
188560 Posts |
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I don't think that all the blame can be put on Congress. I never said all. This... Quote:
I have a very hard time imagining they would get told no if they were like hey we need xyz legislation to make a collector product that will be profitable. Was best answered by this... Quote:
I think that oversimplifies the process of actually writing, introducing, and passing a bill into law. Quote:
Yet to me this argument is a moot point, because this whole thread is about a brand new product from the Mint that is appealing to collectors and outside the realm of usual offerings. Agreed, let us get back on course.  Alpha2814, wonderful commentary.  |
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Pillar of the Community
United States
2619 Posts |
Quote:Agreed, let us get back on course. Just saw movement on my set after nothing for 2 1/2 days!  Hoping to have it by mid-week. |
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Replies: 349 / Views: 38,130 |
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Posted 07/29/2018 5:47 pm
