Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Specializing in Modern Numismatics Join Thousands of Coin, Bullion, & Money Collectors 300,000 items to help build your collection! Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. Vancouvers #1 Coin and Paper Money Dealer Coin, Banknote and Medal Collectors's Online Mall Royal Estate Auctions - $1 Coin Auctions








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

Where's The Numismatic Love?

To participate in the forum you must log in or register.
Author Previous TopicReplies: 19 / Views: 387Next Topic
Page: of 2
Moderator
Learn More...
Sap's Avatar
Australia
16922 Posts
 Posted Today  12H 7M ago  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply

Quote:
The medals on their own would have done really well.


I would have bought them if I could get them without the gold coins.

This goes against one of the Mint's marketing paradigms, which is "medals don't sell, coins do." A logical corollary of this would therefore be "If you want to sell a medal, you need to pair it with a coin". Which is great in theory, except when the coin is gold, and thus so expensive that only a tiny minority of the potential customer base can afford it.

I'm sure they would have sold a lot more coin-and-medal sets if the "coin" had been a bronze replica of a Wheat penny. Or even, I don't know, an actual silver dime, perhaps?

Quote:
I'm sure that the mint has some convoluted reasoning for why they felt the need to rehash rare coins from our past...

The reasoning here is quite simple: the Mint is giving people what it thinks they want.

For years, people have been saying to the Mint, though coin forums such as this one, sentiments such as "we hate the dead presidents, give us back the classic Liberty coin designs". This, combined with some actual comparative sales data (such as the fact that the best-selling and highest-demand coins in the gold "President's Wives" series were the coins from unmarried presidents that featured classic Liberty heads instead of the coins depicting actual women) all combine to send a clear, coherent message to the Mint's marketing gurus: "US coin collectors want the Mint to make replicas of the classic coin designs".

So that's what they're doing. And they're going to keep doing it, until another message is sent or the magic stops working and people stop buying them.

This is always the problem when anybody tries to "give people what they say they want". Sometimes, "what they say they want" is not what they actually want. And sometimes, "what they want" is impossible so they try to substitute something similar, but "almost-what-they-want" doesn't quite cut it.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
Moderator
Learn More...
jbuck's Avatar
United States
192092 Posts
 Posted Today  1H 47M ago  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
"If you want to sell a medal, you need to pair it with a coin".
I have a few "silver coin and medal" sets that I adore. I would have been game to get a set with the current modern silver coin—because legally they could—paired with the medal. Ideally we would have had silver replicas of the classics, but Congress is in no hurry to do for them what they did for Morgan and Peace.
Pillar of the Community
psuman08's Avatar
United States
1811 Posts
 Posted Today  1H 15M ago  Show Profile   Bookmark this reply Add psuman08 to your friends list Get a Link to this Reply

Quote:
The reasoning here is quite simple: the Mint is giving people what it thinks they want.


These coins are supposed to be the result of a survey that the mint sent out to collectors. This collector filled out the survey, and I can assure you did not vote for the dime, quarter and half dollar that had been done 10 years ago already.
Moderator
Learn More...
jbuck's Avatar
United States
192092 Posts
 Posted Today  1H 4M ago  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
If I remember correctly, I suggested the Seated Liberty or Barber designs for the next tribute.
  Previous TopicReplies: 19 / Views: 387Next Topic
Page: of 2

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.24 seconds to rattle this change. Forums