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Replies: 23 / Views: 2,630 |
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Valued Member
Ireland
498 Posts |
A broad shoulder just keeping his children happy I think.
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Pillar of the Community
United States
4870 Posts |
Maybe, just maybe we should call the mints bluff and not "frenzy" over this. Let's just not spend these. That'll show 'em...LOL
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Pillar of the Community
United States
2254 Posts |
quote: An error worth $50 t0 $60 bucks can and will bring the greed out in most folks and having one already sell near the $600 level is also a HUGE boost for mint officials
Well, thanks to Bobby's research, it looks like a graded error is going for much more. http://rover.ebay.com/rover/1/711-1...200086272359
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Bedrock of the Community
United States
20753 Posts |
There is a department at the Mint called MESS. This department is the Mint Error Secret Service (MESS). This department was created due to the massive departure of the usage of our monitarty system which would put many government workers at the Mint our of work. And everyone knows there is no such thing as a government employee being out of work. This department has agents that go into the Mint, force errors to happen, secretly send these coins out to places where they will be noticed. Then this department is responsible for the notariety, fame and publicity of that coin. Now this forces all the people to become coin collectors and hoard all the coins they can get their hands on. Of course this means a coin shortage so the Mint must produce even more of such coins and again, more errors. Now instead of being layed off due to lack of work, Mint workers are working more than ever producing coins that no one would otherwise want, use, need, request, etc. A recent story on TV said there are now 160 million coin collectors in the USA and mostly due to the Mints great issuance of the successful Bicentennial coins, State Quarters and now the very, very famous baby dollars. Obvously that story was by the MESS department or 50% of the entire population collects coins. Haven't you noticed the amount of error coins being found lately?
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Valued Member
United States
256 Posts |
Ahhhh. So in reality the Govt. is MESSing with us!!!
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Pillar of the Community
United States
2269 Posts |
I doubt it was a publicity stunt, in fact with the mint's high standards, it makes them look a little embarrassing. If the mint knowingly turned a blind eye to these errors, then I would think they would have to answer to someone. I just think it is more of a case of negligence than publicity. The mint did not pay attention when inspecting the side of the dollar, instead I believe they only looked at the obverse and reverse.
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Pillar of the Community
United States
1626 Posts |
I don't think it was a publicity stunt either
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Valued Member
United States
62 Posts |
I really don't care why it happened,I've got all I can do to just keep up with it,and I like it this way--glad to be back coin collecting
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Valued Member
United States
376 Posts |
I don't think it was intentional and there was no way that they could not confess to the coin being an error with so many found. But I like the idea that it will get more people buying the coins and hopefully using them. I give change with them at my store and have only had a couple of people complain about them, most say they didn't know anything about them.
Madspec
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Rest in Peace
United States
3730 Posts |
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Valued Member
United States
335 Posts |
I think we would all be surprised if we knew how much was planned in order to get a desired result -- Amen to that brother Gary.
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Pillar of the Community
United States
1031 Posts |
Mistake or intentional, the knowledge and interest in coin collecting seems to be growing. It may not be the amount of mistakes, but the number of different coins that they are minting. All I know is that I learn a lot about them every day.
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Member
United States
703 Posts |
Even though I think it was a mistake, man the General Public sure knows about this coin. I have handed out many and almost no odd reactions to it, they all knew what it was.
errrrrror.
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New Member
United States
49 Posts |
here's something to think about. My numbers aren't exact but.....it costs the mint 17 cents to make a new dollar. If people spend and use them as the mint says is their desire and intent, the circulating money volume increases by however many dollars they release. They can only increase the money volume to a certain extent before inflation kicks in. However, if people hoard the new coins away, the amount of US money circulating does not change and the US mint basically sold something for $1 that they made for 17 cents. Now that is a nice profit margin for a manufacturing facility. If they can generate enough interest with new coins released and people hoard them instead of circulate them. the mint just keeps earning profit on those pieces. Doesn't that make your head spin? Don't you wish you could mint money too!
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Valued Member
Ireland
498 Posts |
So US govt. and mint is Good as I always interpret,they know what they are doing even they have mistake in the back of their mind they will reason to higher authorities someday its their call,just an opinion.
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