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Rest in Peace
United States
4078 Posts |
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CCF Master Historian of USA Commemoratives
  United States
12267 Posts |
Quote:
So what next?
I don't think there is a special set offering for the
1993 WWII commemorative coins .. but I would like to
hear commems opinions on what happened to the money? Actually, there were! The US Mint released two, a "Young Collectors" set and a "Coin and Victory Medal" set. The Battle of Normandy Foundation, one of the two organizations that received funds from the surcharges collected from sales of the WWII coins, also produced a special set - it's one of my favorites! I did a brief post about them a few years ago, you can read it here: https://goccf.com/t/121747As far as "the money" you asked about, it's an interesting story and one about which I might just have to tap out a few sentences... Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Bedrock of the Community
United States
11951 Posts |
I somehow missed that thread, thanks for posting the link.
Those are some interesting sets.
More sets I need to watch for.
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Pillar of the Community
United States
982 Posts |
I like how US Mint sculptor-engraver Donna Weaver was able to turn Edison's frown upside down, from the original photographic image to the engraving for the coin.  --->  |
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Moderator
United States
188213 Posts |
Quote:
As far as "the money" you asked about, it's an interesting story and one about which I might just have to tap out a few sentences... I am certain it will be a worthy read.  Thank you for linking the previous post. It was worth another read.  |
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Valued Member
United States
79 Posts |
This set is awesome! I like the functioning lightbulb.  |
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CCF Master Historian of USA Commemoratives
United States
12267 Posts |
Quote:I like how US Mint sculptor-engraver Donna Weaver was able to turn Edison's frown upside down, from the original photographic image to the engraving for the coin. Edison does appear a bit more friendly and welcoming! Artistic "license" put to good use! Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Pillar of the Community
United States
1795 Posts |
Now I wish I had gotten one because that is a pretty nice set for sure! Congratulations on a beautiful set.
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New Member
United States
1 Posts |
Quote:
In addition to helping boost overall sales of the coin, the Collector's Set provided a way for the Mint to increase its internal profit for the program. How? The Mint collected $10 in surcharges on each Edison silver dollar sold, It should be noted that the surcharges raised from the sale of coins would go to various Edison museums and organizations throughout the United States. |
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CCF Master Historian of USA Commemoratives
United States
12267 Posts |
 jskala jskala quoted my original post: Quote:
In addition to helping boost overall sales of the coin, the Collector's Set provided a way for the Mint to increase its internal profit for the program. How? The Mint collected $10 in surcharges on each Edison silver dollar sold, then commented: Quote:
It should be noted that the surcharges raised from the sale of coins would go to various Edison museums and organizations throughout the United States. Absolutely correct, the surcharges collected were split between eight different Edison-related sites/organizations. For accuracy's sake, I was not implying that the US Mint kept the surcharges collected. I was simply pointing out that the Collector's Set offered an additional profit opportunity for the Mint. My full thought in the original post: Quote:
In addition to helping boost overall sales of the coin, the Collector's Set provided a way for the Mint to increase its internal profit for the program. How? The Mint collected $10 in surcharges on each Edison silver dollar sold, whether it was packaged individually or in the set; the surcharge did not increase for the coins included in the higher-priced Collector's Set. So, as long as the cost of the set's special packaging cost less than $16 (the difference between the selling prices of the Collector's Set and the uncirculated coin in standard packaging), the Mint stood to make additional profit. Incidentally, the same is true for all of the Mint's special edition packaging options. Collecting history one coin or medal at a time! (c) commems. All rights reserved.
Edited by commems
07/26/2017 12:54 am
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CCF Master Historian of USA Commemoratives
United States
12267 Posts |
If you are curiouse about which organizations received money from the surcharges collected...
(1) Museum of Arts and History - Port Huron, Michigan (1#8260;8th of surcharges) for the endowment and construction of a special museum on the life of Thomas A. Edison in Port Huron.
(2) Edison Birthplace Association, Incorporated - Milan, Ohio (1#8260;8th) to assist in the efforts of the association to raise an endowment as a permanent source of support for the repair and maintenance of the Thomas A. Edison birthplace, a national historic landmark.
(3) National Park Service - (1#8260;8th) for use in protecting, restoring, and cataloguing historic documents and objects at the ''invention factory'' of Thomas A. Edison in West Orange, New Jersey.
(4) Edison Plaza Museum - Beaumont, Texas (1#8260;8th) for expanding educational programs on Thomas A. Edison and for the repair and maintenance of the museum.
(5) Edison Winter Home and Museum - Fort Myers, Florida (1#8260;8th) for historic preservation, restoration, and maintenance of the historic home and chemical laboratory of Thomas A. Edison.
(6) Edison Institute - Dearborn, Michigan (1#8260;8th) for use in maintaining and expanding displays and educational programs associated with Thomas A. Edison.
(7) Edison Memorial Tower - Edison, New Jersey (1#8260;8th) for the preservation, restoration, and expansion of the tower and museum.
(8) Hall of Electrical History - Schenectady, New York (1#8260;8th) for the historic preservation of materials of Thomas A. Edison and for the development of educational programs associated with Thomas A. Edison.
Per US Mint figures, total sales for the 2004 Thomas Edison silver dollar, including the Collector's Set, were 303,205 (211,055 Proof and 92,150 Uncirculated).
Doing the math: 303,205 coins sold @ a $10 surcharge per coin = $3,032,050 in total surcharge funds collected which means each organization received $379,006.25. (Note: these figures could be slightly off from the amounts actually collected/disbursed due to reasons not reported by the USM.)
Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Moderator
United States
188213 Posts |
Thank you for the update. |
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Bedrock of the Community
 United States
12819 Posts |
Such a cool set. It's still on my "to get" list.
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Valued Member
United States
472 Posts |
I had a couple of these, sold one. Before I sold it I replaced the cells so the buyer would have a working unit. I think a decade is the outer limit of their life, even if they're not in use.
Yeah, I kept one for my collection. :-)
I thought the functioning LED was cool enough. It also has a photo sensor that will turn the LED off a few seconds after the sensor is covered, whether the box's cover is closed, or not. The on-off isn't linked to the position of the cover, it's photo-activated.
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Moderator
United States
95624 Posts |
very nice commentary - and a cool set with the LED
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Replies: 18 / Views: 6,058 |
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Posted 02/23/2016 6:34 pm
