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Is US Mint A Good Or Bad Place To Purchase Coins?

 
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 Posted 07/10/2020  06:43 am Show Profile   Bookmark this topic Add Chipster1955 to your friends list Get a Link to this Message
Is US Mint a good or bad place to purchase coins?
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United States
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 Posted 07/10/2020  09:21 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
to the Community!

Your reply was split into its own topic and moved to the appropriate forum for the proper attention.
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United States
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 Posted 07/10/2020  10:53 am  Show Profile   Check Lancek's eBay Listings Bookmark this reply Add Lancek to your friends list Get a Link to this Reply
Depends on the coin. I feel some are over hyped and over priced.
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 Posted 07/10/2020  11:16 am  Show Profile   Bookmark this reply Add hfjacinto to your friends list Get a Link to this Reply
The answer is neither or both.

If you want the latest coins and like collecting the sets, the US Mint is a good place to buy them. The cost is fair, the product is usually excellent and usually comes well packed. And sometimes you may get lucky and buy an item that appreciates in value.

BUT for the vast majority of items the US mint sells, you would be $$$ wiser getting it on the secondary market. Most proof sets, commerratives and silver/gold coins are cheaper from a local coin shop than from the mint. I've picked up a few silver commemoratives for a $ 1 over spot these sold for $40-$60 per coin when offered by the US Mint.

BUT I also purchased 2 reverse proof ASE at $65 each and they are currently worth over $1000.

So is the mint a good or bad place to buy the answer is neither or both depending on the item.
Edited by hfjacinto
07/10/2020 11:17 am
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 Posted 07/10/2020  3:12 pm  Show Profile   Bookmark this reply Add Chipster1955 to your friends list Get a Link to this Reply
Thanks for info and switching to correct forum. Unfortunately the closest coin shop is an hour away but based on your reply I will definitely check them out. Congrats on the purchase that appreciated so much.
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 Posted 07/11/2020  6:58 pm  Show Profile   Bookmark this reply Add CollegeBarbers to your friends list Get a Link to this Reply
to the CCF!

Quote:
If you want the latest coins and like collecting the sets, the US Mint is a good place to buy them. The cost is fair, the product is usually excellent and usually comes well packed. And sometimes you may get lucky and buy an item that appreciates in value.

If the Mint is selling something you like, then it's a definitely a good place to buy it. While you can often find modern coins for less than issue price on the secondary market, that's not always the case, and personally I'd rather not take the chance. I also don't want to wait for that to happen and then have to search for a particular item when I could've been enjoying it in my collection for a while.

So although it's certainly a matter of personal preference, I would say the Mint is definitely a good place to purchase coins.
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