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Replies: 75 / Views: 6,534 |
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Pillar of the Community
United States
6326 Posts |
In responding to the original question.....I think this will just "over-produce" and water-down the market, by doing this EVERY YEAR. This is quite typical of the U.S. Mint though, and not surprising at all. My fear, is that even this "second" Reverse Proof will not be ANYTHING like the first one. I fear that this 2011 ASE Set had it's predictable "bubble" of financial frenzy......and the "tapering off" period will just do nothing but continue to "taper off" in value. Meaning no "long term" excitement to look forward to whatsoever. I shudder to think that the ASE program will end up being SO over-produced, that they will KILL the whole thing. I know this would be sooooo unlike Congress to do such a thing right ? .... 
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Pillar of the Community
United States
4901 Posts |
Maybe I missed something but how is Congress now involved and blamed for a collector issue RP ASE?
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Pillar of the Community
United States
4897 Posts |
Quote: Maybe I missed something but how is Congress now involved Because it would literally take an "act of Conress" for the mint to be allowed to produce these sets. Congress has always had the last say in what comes out of the mint.
Edited by amida17 01/24/2012 5:36 pm
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Bedrock of the Community
United States
14454 Posts |
I think if they put out more of the "special" sets it will be way to much (especially 2 a year) and if they made 100,000 sets I am willing to bet after the first set they would have allot of them left at the end of the year, because no one would be buying them. People like to buy the 20th, 25th anniversary coin sets not only because of the special coins in the set its because we have to wait 5 years to see what they are doing. Adding different coins for 2 different sets every year will be a disaster for the series. I don't even think they should up the mintage's by allot on the once every 5 year series. If they make to many it will just be any other coin that the mint floods the market with and they would not be special either. If every collector can have one, they lose their ability to be collectible
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Rest in Peace
United States
9104 Posts |
Thus the problem I mentioned earlier.
If a couple hundred $ buys all the new items, lots of people can handle that. Get it up in the thousands, and not only do people quit buying, they dump what they already have.
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Valued Member
United States
301 Posts |
Quote:Maybe I missed something but how is Congress now involved and blamed for a collector issue RP ASE? It takes an act of congress to get a coin made. In the case of the silver eagle sets, they are a variation of coins that the mint is already authorized to produce. I'm pretty sure that the mint and not congress has the say as to weather special sets made specifically for collectors are made or not.
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Valued Member
United States
223 Posts |
I would rather see Congress work on the deficit rather then bicker over minting a coin or not. I find it hard enough keeping up with the mint as it is. Between annual Silver sets, the Eagles and the ATB pucks my want list is long enough as it is... But if they mint them I'll probably pull the trigger.. Cause you know...
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Valued Member
United States
306 Posts |
I've been dreaming of a high relief ASE.......I hope they go through with it
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New Member
United States
27 Posts |
I really do hope they don't do any releases that occur more than once a year. I think even that is pushing it, but might work out alright if they have a good variety. I just hope they don't make a reverse proof every year. I am looking forward to S D and P ASEs, and the ultra relief.
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Pillar of the Community
United States
1817 Posts |
Looks like a special set EVERY YEAR, with different types of ASEs, D-mint, UHR, etc. If there is gonna be a D-mint, they best get the quality control issue put to rest @ Denver Mint. The least attractive quality coins comes from there. See the US Army clad uncirculated half? Most of the ones I have seen have one problem or another. Can't imagine they would kid gloves 100,000 pieces of silver.
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Pillar of the Community
United States
3755 Posts |
OK, there is not a single thing anyone has said that is not ccovered by what I have already said. If you dont want it, dont buy it! Simple.
Again I say, producing a trillion sets now will NOT affect the past sets. If anything it will make them more valuable. Fred, take this for an example. How many different X-Men spin offs have come out since the mid 80's? The original series has done nothing but increase in value. The others, some hit, some miss. And if that series did not sell, what did Marvel do? Cancel. The comic collecting hobby has not collapsed because of that and other similar things(this crud DC is dong now though, THAT may kill them).
AGAIN, you dont HAVE to keep up with the mint. Thats a CHOICE you make.
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Pillar of the Community
United States
1817 Posts |
People aren't kevetching over these new special sets causing the A25s to drop in price. In fact, I think many would welcome that. It is precisely that the Mint could make ANY iteration of the Silver Eagle, say, mint it to 3 trillion pieces and charge $395.00 per coin, and still people would line up to buy it. Once it comes out, as many decry it now, it will become a need instead of a want. As it were, the Mint's got your number, and lest you forget, they are licensed to make money. The Mint finally realized the ASE is its Pavlovian dog.
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Pillar of the Community
United States
4901 Posts |
Quote: I'm pretty sure that the mint and not congress has the say as to weather special sets made specifically for collectors are made or not.
Correct. The Mint does not have to ask permission to make a coin they already produce. Do you really think the US Congress was involved in putting an "S" on an ASE? It is easy to blame the Government for everything since you probably will be right about 80% of the time.
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Rest in Peace
United States
9104 Posts |
Quote: Fred, take this for an example. How many different X-Men spin offs have come out since the mid 80's? The original series has done nothing but increase in value. The others, some hit, some miss. And if that series did not sell, what did Marvel do? Slightly OT, but very applicable. Having done a lot of retail comic business from the 60s to the 2000s, I can give you a trio of perfect examples what happens with this kind of market flooding. First, the B&W (adjective, adjective, adjective, animal) and autographed copies boom and busts. Second, we used to sell 10 copies of Punisher every month without fail. They made three Punisher titles and raised the price 50%, sales dropped to 4 copies per title, so total sales were up 80%. Then they went back to one title, and sales were down 60% from the old days. Third, we had three customers who bought almost every comic, every month, one had been doing this since Amazing Fantasy 15 and Fantastic Four 1. As more clutter came out, they cut back, and back, and back. Before he gave up, that long-termer only got Spider-Man, X-Men, Superman and Batman, then just the two DC characters, then nothing. Another cut back to a handful of independent titles. Finally, from a peak of several thousand dollars a month in new comic purchases, we had hit bottom. We couldn't cut orders as fast as people were cancelling or just quitting. One day, I got a call from a VP at Marvel (you'd recognize his name if I remembered it), asking why they hadn't received our monthly order. I told him that even with buying issues for back stock, we couldn't meet their $300 minimum. "Just order whatever you need, and we'll fill it." How bad is the market when the largest manufacturer puts their VPs on the phone to drum up sub-minimum late orders?
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Pillar of the Community
United States
3755 Posts |
Its not the number of titles that has killed things, its the rise in cost to almost 4 bucks a book. THAT has killed it for collectors, including myself. I never collected every offering from either publisher, just as I do not collect every offering from the mint. Most people have given up comics because of the cost of a single book. Me, I had to choose, comics (which I love dearly and not knowing the story lines for the last year and half is killing me) or coins. And that was SOLELY due to the ridiculous cost of the books. NOT the number of books put ut, just the cost of continuing to get just the ones I was reading. And I would lay money the same thing would be said by the majority of your old customers.
Could I have just kept with reading one or two titles? Probably. But that was MY choice. Same as what we are talking about here. You dont HAVE to buy all the SAEs. Hell, you dont have to buy ANY of them. You could just do quarters. Or proofs. Or mints. Or whatever. THATS the point. The variety is so wide that virtually anyone can find at least one thing they will like collecting. And just like with variant covers on the comics, you dont have to collect every last version of the coin. Its a choice, and thats all.
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Replies: 75 / Views: 6,534 |