Coin Community Family of Web Sites
Like us on Facebook! Subscribe to our Youtube Channel! Check out our Twitter! Check out our Pinterest!
Username:
Password:
Save Password
Forgot your Password?

Welcome Guest! Need help? Got a question? Inherit some coins?
Our coin forum is completely free! Register Now!

Product Limit For A Coin

 
To participate in the forum you must log in or register.
Author Previous Topic Topic Next Topic  
New Member

United States
2 Posts
 Posted 12/14/2019  11:22 pm Show Profile   Bookmark this topic Add Ara613 to your friends list Get a Link to this Message
What does it mean if there is only a product limit of 20000 but no mintage limit?
Pillar of the Community
United States
1841 Posts
 Posted 12/14/2019  11:55 pm  Show Profile   Bookmark this reply Add nfine to your friends list Get a Link to this Reply
It's either a typo (limits switched) or the mint plans to make a whole lot of that particular coin.
Pillar of the Community
Learn More...
United States
4199 Posts
 Posted 12/15/2019  12:09 am  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply
It means that the Mint can mint as many of the coin as it can sell, but can only make 20K of the particular product (i.e., set or special package) that includes the coin.

For example, the Mint is currently selling a 2019 Limited Edition Silver Proof Set with a Product Limit of 50,000. It contains, among other coins, a 2019 Proof Silver Eagle struck at the San Francisco mint. While only 50,000 of the LE sets containing the proof ASE can be produced and sold, there is no mintage limit on the proof SF ASE so the mint can strike as many of the coin as it can sell and package it in as many other ways as it wants.



Pillar of the Community
Learn More...
United States
4814 Posts
 Posted 12/15/2019  08:07 am  Show Profile   Check Foxwoods Man's eBay Listings Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply
YUp...great explanation

Product limit= packaging limit
Mintage limit= total mintage of the coin involved (can't be used in another product

2019 ERP is limited to this product only


Quote:
tem Number: 19XE
Mintage Limit: 30,000
Product Limit: 30,000
Household Order Limit: 1


While, as mentioned above, the LESPS packaging is "limited" but the coins contained are not:


Quote:
Item Number: 18RC
Mintage Limit: None
Product Limit: 50,000
Household Order Limit: None


Here's one for ya:

The 2019 P AMerican Memorial Park puck has a mintage limit but no product limit:


Quote:
Item Number: 19AK
Mintage Limit: 20,000
Product Limit: None
Household Order Limit: None



New Member
United States
2 Posts
 Posted 12/15/2019  08:51 am  Show Profile   Bookmark this reply Add Ara613 to your friends list Get a Link to this Reply
So that means I will be buying 1 of 50000 of this set?
Pillar of the Community
Learn More...
United States
4814 Posts
 Posted 12/15/2019  08:55 am  Show Profile   Check Foxwoods Man's eBay Listings Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply
No clue which "set" you are referring to but if the set limit is 20,000 I would think 1/20000 of the available packaging not the coin (s) contained. This assumes all are sold
Pillar of the Community
United States
1449 Posts
 Posted 12/15/2019  11:53 am  Show Profile   Bookmark this reply Add Bret to your friends list Get a Link to this Reply
Here's one for you. $1 Year of the Rat:
Item Number: B15055
Mintage Limit: 108,888
Product Limit: 93,888
Household Order Limit: 999

I see no other products containing the dollar bill, so what explains the 15,000 difference?
Pillar of the Community
United States
693 Posts
 Posted 12/15/2019  12:13 pm  Show Profile   Bookmark this reply Add wyzeguy to your friends list Get a Link to this Reply
Either a typo or the mint director has something else in mind for this product.
Pillar of the Community
Learn More...
United States
4814 Posts
 Posted 12/15/2019  12:43 pm  Show Profile   Check Foxwoods Man's eBay Listings Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply

Quote:
I see no other products containing the dollar bill, so what explains the 15,000 difference?
Quote:


$1 fortune Note (Item Number: B1514) has the same 8888 beginning serial number

Maybe 15k left for them
Pillar of the Community
United States
1449 Posts
 Posted 12/15/2019  1:14 pm  Show Profile   Bookmark this reply Add Bret to your friends list Get a Link to this Reply
You're right, but it's kind of odd that they don't show a mintage limit.
Item Number: B1514
Mintage Limit: None
Product Limit: None
Household Order Limit: 999

I think it's also pretty cheap that they have the exact same bill with two different packages.
Pillar of the Community
United States
1135 Posts
 Posted 12/15/2019  1:20 pm  Show Profile   Bookmark this reply Add BadDog to your friends list Get a Link to this Reply

Quote:
Here's one for you. $1 Year of the Rat:
Item Number: B15055
Mintage Limit: 108,888
Product Limit: 93,888
Household Order Limit: 999


Quote:
Either a typo or the mint director has something else in mind for this product.

First off, mintage is a coin term and not a currency term. When it comes to this type of currency only product it really should refer to how many were printed and not indicate a mintage. The combined US Mint and BEP ecommerce site is still fairly new, so they may eventually start using the correct terminology for currency products, or maybe not.

For this particular product, the description doesn't indicate what series of note will be included, but for most series, due to the many different block letters used in printing the notes, there are typically many more than 108,888 8888#### serial numbered notes available (for you coin only collectors, the block letters for $1 FRN notes are the two letters before and after the numbers in the serial number).

For example, for series 2017 $1 FRNs there have been 29 different block letters with 8888#### serial numbers printed so far and more could yet be printed (the BEP was still printing 2017 series notes as of last month, but they're currently printing 2017A series notes for some FRBs as well, so the switch over has probably occurred). That means there are 290,000 2017 series $1 FRNs with 8888#### serial numbers. Way more than the supposed 108,888 mintage limit.

This product most likely is including series 2017 notes, but if they're using other series as well then the potential number available goes up even more. It all depends what the BEP pulled from the printings for use in this product. All the website indicates is that the notes may be from either print plant and any FRB which makes for potentially a very large number of notes to draw from.

In any event, I suspect that the limits indicated on the Mint's website aren't a typo and do mean something to the Mint's marketing department, but they don't in any way indicate how many 8888#### serial numbered notes could be used for this product.
Pillar of the Community
Learn More...
United States
4814 Posts
 Posted 12/15/2019  1:32 pm  Show Profile   Check Foxwoods Man's eBay Listings Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply

Quote:
First off, mintage is a coin term and not a currency term. When it comes to this type of currency only product it really should refer to how many were printed and not indicate a mintage.


Yup...but the Mint/BEP site uses mintage so THEY consider the terms interchangeable.
Pillar of the Community
United States
1135 Posts
 Posted 12/15/2019  2:26 pm  Show Profile   Bookmark this reply Add BadDog to your friends list Get a Link to this Reply

Quote:
Yup...but the Mint/BEP site uses mintage so THEY consider the terms interchangeable.

Perhaps, but I suspect it's just because they're too lazy or indifferent to use the correct terms for a BEP only product.
Moderator
Learn More...
United States
81089 Posts
  Previous Topic Topic Next Topic  
 
To participate in the forum you must log in or register.

Coin Community Member eBay Sales

Certified Coins   Certified VAMs   Certified Errors  




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 - 2020 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 - 2020 Coin Community Forums
It took 1.2 seconds to rattle this change. Powered By: Snitz Forums 2000 Version 3.4.05