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Sending A Message Loud And Clear

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Pillar of the Community
United States
1081 Posts
 Posted 04/18/2021  12:11 pm Show Profile   Bookmark this topic Add Ballyhoo to your friends list Get a Link to this Message
To those unaware yet, the production figures and ordering limits have been posted for the highly anticipated Morgan and Peace dollars beginning May 24. Hope you're seated and swallowed your beverage. 175,000 for the privy release with a house hold limit of 25, and 200,000 of the Philadelphia with a 25 limit. It is obviously clear the United States Mint does not care about the collector only the greedy dealers and television networks.

But I do not blame them, I blame those who buy into the ridiculous markup set after the fact. Don't misunderstand me, I'm a capitalist. I believe in making a profit, but to what end? So what I'm suggesting is that in order for this to stop, only we can do so by not purchasing them at such absurd prices. When the greedy find themselves setting on thousands of dollars in inventory, only then will prices become more reasonable. These $85 dollar releases will be listed for $850 within twenty-four hours of the release date if not sooner. My collection does not have a 2020 ASE with privy mark or any of the Mayflower offerings solely for those reasons. And I still desire to someday own them, yet will not cave to greed.

*** Moved by Staff to a more appropriate forum. ***
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Pillar of the Community
Canada
793 Posts
 Posted 04/18/2021  12:48 pm  Show Profile   Bookmark this reply Add Numis-Northerner to your friends list Get a Link to this Reply
I appreciate your passion, and certainly agree that if collectors stopped paying these high mark-up prices, then obviously the prices would be lower. That said I don't think die hard collectors of the series are really too concerned, given that if they've bought the real high price key dates, like 89 CC for example or the 95 S. For those guys $850 is nothing. Not to mention I think the hype of owning a coin that completes a set that was thought finished 100 years ago will be quite strong.
Pillar of the Community
United States
3957 Posts
 Posted 04/18/2021  1:07 pm  Show Profile   Bookmark this reply Add ijn1944 to your friends list Get a Link to this Reply
The sports trading card market is through the roof too. The prices anticipated for hobby-box football cards will be nuts as the NFL draft rolls out in a couple weeks. I was at a card shop a few weeks ago and a couple people were forking over close to four figures each for older hobby boxes--just snapped them up.
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Learn More...
United States
8521 Posts
 Posted 04/18/2021  1:49 pm  Show Profile   Check GrapeCollects's eBay Listings Bookmark this reply Add GrapeCollects to your friends list Get a Link to this Reply

Quote:
The sports trading card market is through the roof too


Not just sports cards, game cards (Pokemon, Yugioh, Magic) have gone wild as well.
Pillar of the Community
United States
7138 Posts
 Posted 04/18/2021  4:14 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply
@ballyhoo
You are correct. The mint says they want to increase interest in coins. They make (sorry - my opinion) ridiculous reasons for making new designs on coins (every time the mint director sneezes it seems) hoping the masses will start to collect them, and then they anger existing collectors by allowing the big companies to drive the prices high enough to make collectors upset.

The slabbed Half dollar No G farce: Download No-FG half vs. Grading Company Claims report here:
https://tinyurl.com/yalrstjz or higher resolution version: https://tinyurl.com/y7rksxu8

- How much squash could a Sasquatch squash if a Sasquatch would squash squash?
Pillar of the Community
United States
2215 Posts
 Posted 04/18/2021  4:53 pm  Show Profile   Bookmark this reply Add nfine to your friends list Get a Link to this Reply
I would like to have a non-privy Morgan and an example of the Peace. I don't collect either series so I view these as nice to have items. If they're available the mint when I make the attempt, great. If not, I'll wait for the prices on the secondary market to drop to an acceptable level and pick them up then.
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United States
4654 Posts
 Posted 04/18/2021  5:31 pm  Show Profile   Bookmark this reply Add tdziemia to your friends list Get a Link to this Reply

Quote:
the hype of owning a coin that completes a set that was thought finished 100 years ago will be quite strong.


Do collectors really think about it that way? It seems odd, since those 100-year-old coins were made for general circulation, right? But these are not.
Bedrock of the Community
United States
10961 Posts
 Posted 04/18/2021  7:27 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply
I think you'll find collectors in both camps on this one. Some will HAVE to have it for "completion" and some will not consider it part of the series. a collection is defined by the collector.

No disrespect intended but the title of this topic is pretty vague. Also, don't we have an existing topic for this?
Bedrock of the Community
United States
20201 Posts
 Posted 04/19/2021  07:56 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
People will always buy STUFF advertised on TV.
just carl
Pillar of the Community
United States
1685 Posts
 Posted 04/19/2021  11:51 am  Show Profile   Bookmark this reply Add Bret to your friends list Get a Link to this Reply

Quote:
Not just sports cards, game cards (Pokemon, Yugioh, Magic) have gone wild as well.

This is simply a market response to the government printing so much money. It will (already is in some markets) have a significant inflationary impact. Eventually we'll have to pay the price so to speak. *** Excess political commentary removed by the Staff *** Something that can't go on forever won't. Eventually the high collector prices will collapse. Look at what happened to the collector markets after the 2008 crash.

BTW, it blows me away that the mint is so out of touch that they don't start off with the household order limit at 1.
Edited by Bret
04/19/2021 11:54 am
Pillar of the Community
United States
3397 Posts
 Posted 04/19/2021  12:36 pm  Show Profile   Bookmark this reply Add hfjacinto to your friends list Get a Link to this Reply
I only "really" care about the Peace dollar, the Morgan is nice but I've always wanted a mint fresh Peace and the 1964 isn't available to purchase.
Pillar of the Community
United States
3850 Posts
 Posted 04/19/2021  12:54 pm  Show Profile   Bookmark this reply Add jimbucks to your friends list Get a Link to this Reply
Well, if you don't the like price of something don't buy it.
Pillar of the Community
United States
3397 Posts
 Posted 04/19/2021  1:02 pm  Show Profile   Bookmark this reply Add hfjacinto to your friends list Get a Link to this Reply

Quote:
Well, if you don't the like price of something don't buy it.


Like my father used to say:

"I used to walk uphill (both ways) to school in the snow with no shoes in July"


Ummm.... that's not it...


"Here's a dime kid...go call someone who cares."

NNNNooooo...

"If so and so jumped off a bridge would you jump off a bridge?"

Let me see if I can find it....

Yep I would buy one but "Money doesn't grow on trees you know...."
Pillar of the Community
United States
1431 Posts
 Posted 04/19/2021  1:20 pm  Show Profile   Bookmark this reply Add Big-Kingdom to your friends list Get a Link to this Reply
I think everyone should boycott these and not buy them from the mint *rubs hands together in anticipation of being the only one in line for them...*

Yep everyone should refuse to buy them and the mint can just melt down all the unsold ones, that would stick it to em!
Pillar of the Community
United States
3397 Posts
 Posted 04/19/2021  1:28 pm  Show Profile   Bookmark this reply Add hfjacinto to your friends list Get a Link to this Reply
Yep, all this talk about boycotts is actually making me think of buying more to sell on the secondary market.
Pillar of the Community
United States
1002 Posts
 Posted 04/19/2021  1:46 pm  Show Profile   Bookmark this reply Add atticguy to your friends list Get a Link to this Reply
Gosh, remember back in early 2012 when everybody 'passed' on buying the Silver Proof Set directly from the Mint because we could "always buy it cheaper in the secondary market"?
All I remember is having to pay over $100 alone for my 2012 Kennedy half. I don't remember what I eventually paid for the other nine coins.

Buying from the US Mint now feels more like visiting a casino.
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