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Pillar of the Community
United States
8357 Posts |
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Remember, none of the medals have been struck yet. They are being produced to order... Well, that makes up my mind. IF I'm going to get the medals it will be 2ndary market. For now I'll have to stick to the commems, commems. Thanks!
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Valued Member
United States
464 Posts |
Last day to order any medals. Ordering closes in less than 4 hours at 3pm EST. The Mint released the weekly production figures this morning  As of 18 Feb, the totals are: Proof $1 - 36,730 Unc $1 - 15,108 Army Medal - 15,161 (GO ARMY! BEAT NAVY!) Air Medal - 12,164 Navy Medal - 11,797 Marines Medal - 12,307 Coast Guard Medal - 9,565 Total Medals - 60,994 (+4,148 for the week) Total Proof $1 - 97,724 (+8,237 for the week) The proof $1 mintage already surpasses 7 of the last 10 proof $1 commemorative coins, thanks to the medal/coin sets. This marketing tactic by the Mint seems to be a winner. I wonder if we'll see more of it in the future? |
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Pillar of the Community
United States
8357 Posts |
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This marketing tactic by the Mint seems to be a winner. A winner for whom? Quote:
I wonder if we'll see more of it in the future? I hope not.
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Valued Member
United States
163 Posts |
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A winner for whom? Definitely not the collectors.
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Valued Member
United States
464 Posts |
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This marketing tactic by the Mint seems to be a winner. It's a marketing technique that bumped up the lackluster sales of recent commemorative proof dollars. It also created and sold collector medals that didn't exist before and weren't mandated by any legislation. The only thing to complain about is the price, but the price of ALL Mint products are high. So, that isn't a unique complaint to these medals and coins. The Mint got increased sales of the commemorative, the WWI commission got increased revenue from the increased sales and 60,000 medals that didn't exist before will be in the hands of collectors and dealers. In my eyes, these make it a winner, and something the Mint may try and replicate in the future.
Edited by BadDog
02/20/2018 1:42 pm
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Bedrock of the Community
United States
10440 Posts |
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In my eyes, these make it a winner, and something the Mint may try and replicate in the future. I'm surf they will experiment more with things like this, some of the upcoming themes don't necessarily lend themselves to it very well though.
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Pillar of the Community
United States
567 Posts |
I had them in my cart and deleted them. I just don't want 5 extra proof dollars.
I bought 1 proof and 1 uncirculated.
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Pillar of the Community
United States
8357 Posts |
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I just don't want 5 extra proof dollars. I bought 1 proof and 1 uncirculated. Likewise.
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Moderator
United States
57847 Posts |
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I just don't want 5 extra proof dollars. Bingo. 
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Pillar of the Community
United States
723 Posts |
I went with the individual uncirculated dollar, and while I was intrigued by some of the medals, I decided that I didn't want two of the same commemorative dollars even in different finishes. Had they sold the medals individually, I probably would have purchased one of them, but for $99 and an extra coin I don't need, it just wasn't worth it to me. However, I look forward to seeing pics from other members come May!  Searching for some US modern coins (cents through dollars) via my want list. |
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Valued Member
United States
145 Posts |
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I went with the individual uncirculated dollar, and while I was intrigued by some of the medals, I decided that I didn't want two of the same commemorative dollars even in different finishes. I completely agree. I liked the medals and would have bought them, except I didn't need multiples of the dollar. Sorry to see the decision-making for this issue - hope it doesn't continue.
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Moderator
United States
57847 Posts |
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Had they sold the medals individually, I probably would have purchased one of them Yup.
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Valued Member
United States
205 Posts |
Any kind of a buy-this-one-if-you-want-that-one deal is gonna cut both ways: there will be folks who will walk, and there will be folks who will buy.
We would need a pretty good sample size (a large number of events) to know if these deals generate higher sales because the deals (and coins and medals) can be so different.
As a buyer, I would prefer to not be jacked around; the markups seem generous enough that squeezing a few percent higher total sales this time 'round cannot be worth the long-term loss in good will.
I accept that we collectors are a herd to be milked; but do they have to squeeze so hard?
Cheers,
/s/ ikeyPikey
Why collect coins? Memory is the second thing to go. The use of money is the last thing to go.
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Moderator
United States
57847 Posts |
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I accept that we collectors are a herd to be milked; but do they have to squeeze so hard? As long as there is a bottom line, probably. 
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Valued Member
United States
464 Posts |
The other "new" thing that the Mint did with these coin/medal pairs was the mint to order program. This may have been tried previously, but I don't recall it if it was. Is this another harbinger of the future? Are we going to see more of these "you order first, then we'll make it" programs? Is this a good marketing technique? Do you like it or not?  I don't believe the Mint would be able to use this technique for legislated coins, but for things they dream up on their own it's a whole different ball game. |
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Posted 02/20/2018 11:07 am
