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 Replies: 43 / Views: 5,204 |
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Valued Member
United States
492 Posts |
Edited by TJB17
05/03/2012 08:25 am
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Pillar of the Community
United States
2295 Posts |
Wow! That is awesome to hear. I'm glad they aren't putting a short limit on it. So the Mint actually does listen to their customers? I think this is a first and I've been ordering from them since the 1970s! It took them 40 years, but I'm glad they finally got it!!
Thanks for posting the article.
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Valued Member
United States
462 Posts |
That's good and all that we'll all be able to get one, but that does ensure that the value of them will never command a premium.
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Moderator
 United States
187572 Posts |
So, it appears that there will be no crazy speculative flipping on this one.  Quote:
That's good and all that we'll all be able to get one... This I care about.  Quote:
...but that does ensure that the value of them will never command a premium. This I do not.  |
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Pillar of the Community
United States
4901 Posts |
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Bedrock of the Community
United States
17884 Posts |
Quote:
Wow! That is awesome to hear. I'm glad they aren't putting a short limit on it. So the Mint actually does listen to their customers? And probably by the end of the year there will be a lot of people complaining about it because there is no aftermarket for them. |
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Moderator
United States
187572 Posts |
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"Mint to demand" announced 4/25 page 3 of this thread: Good catch, I missed that one.  |
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Pillar of the Community
United States
3755 Posts |
And the mint caves to the huge wave of whining. Mint to demand? Pffftttt. Not very special now is it? Pure bunk. Put a limit on it like everything else and thats that.
This is like giving every kid playing soccer a trophy. Absolutely ridiculous.
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Pillar of the Community
United States
1796 Posts |
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never command a premium Rarities are good and all, but many people collect ASEs because they enjoy them; not because they want to make a buck. That's what enraged most people with the 25th An. set (have a collection for years and due to one Mint oversight it's now horridly difficult to maintain). I'm still waiting for a High Relief ASE! |
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Valued Member
 United States
492 Posts |
Quote: I'm still waiting for a High Relief ASE! That would be sweet. I was hoping for one in this set. Maybe next year. Quote:
"Mint to demand" announced 4/25 page 3 of this thread: Oops, sorry about that. Hadn't seen that post and my quick search this morning didn't find that in what little time I had before going to work. |
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Pillar of the Community
United States
1116 Posts |
There is a couple of issues that I have with this set. They are the seemingly open ended mintage that this set will have that will almost ensuredly insure that there will be little or no upside to buying this coin.
With the mint going to be setting up the purchase price closer to the release date and that the price of silver is currently falling and the mint not having a published selling listing for silver like it does for gold I do wonder what the selling price will be. Right now the mint is selling proof Silver Eagles at twice the price of of an ounce that would mean that the selling price for this set would be $120 + shipping. How would we like to be paying $60 and ounce for this set when silver on the open market could be $20 or $25 an ounce. This set could then be very pricey.
Further, for those of us who plan on getting the sets graded and might be interested in First Strike labeling what would be window for getting that tag on the coins. If you get them graded would there be twin packaging for the set or individual slabbing for the set? I'm not interested in getting the coins graded but I know that there are plenty of people out there who would be.
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Pillar of the Community
United States
1770 Posts |
still a nice looking set and gives the chance for the true collector to have one without the BS!! and that makes me feel good knowing everyone can get one for a change!
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CCF Master Historian of USA Commemoratives
United States
12251 Posts |
Based on comments in this and a related thread here on CCF, my thoughts on this issue appear to be in the minority. I applaud the US Mint for making this set available as they are. It gives collectors -- and I do mean collectors vs. collector-speculators -- a chance to own an attractive, historical set at a reasonable price. As noted above by SteveCaruso, many ASE collectors were shut out from purchasing last year's anniversary set from the Mint due to its ordering process. If I were a collector of these coins, it might have put me off from future collecting of the series. I don't believe it's the Mint's "job" to strike collector coins that are immediately scarce or difficult to acquire. I agree that they shouldn't flood the market with collector coins, but they also shouldn't falsely create "rarities" either. I believe they simply underestimated the interest in last year's sets and didn't anticipate the number of speculators that would order the limit. If they had, the mintage limit would have been higher and all the angst the set has caused would never have occurred. I'm surprised and disappointed when I read comments suggesting that only limited mintage coins are "special" and worth collecting. There are tens of thousands of collectors who collect coins that were "minted to demand" -- these collectors thoroughly enjoy their hobby without worrying about quick-turn or even long-term returns/profits. For example, many collectors filling albums from circulation or roll hunting are having a blast! I'm very fortunate in that I have been able to assemble nice sets of mint state type coins over the years, many of which have seen an increase in value. But it has always been about learning about the coins that I collect that has kept me interested. I've said it before here on CCF, I don't think I would enjoy the hobby as much as I do if I was constantly worrying about the value of my collection or what I could get if I sold it. It's hard to put a price on the "joy of ownership" but it's what makes my collecting worthwhile. I don't have any real issues with those in it for a quick return, such folks have always been part of the hobby and, in their own way, help keep it dynamic and viable. I only wish they would see that it's not only "limited mintage" coins that are worth collecting. Just my thoughts... Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Bedrock of the Community
United States
11951 Posts |
I am fairly sure the mint will never make everyone happy. I fall into the group believing the mint is making a mistake if they do not put a low mintage on this set. I believe most collectors love having rare (low mintage) coins in their collection. Low mintage is not just for the flippers wanting to make profit. I ordered one 20th anniversary set and still have it. I saw a opportunity on the 25th and ordered five sets .. sold three for a profit but still have two sets. If the limit would have been just one set per household then I would just have the one set. When the mint skipped making the 2009 proof ASE and decided late in 2010 to release one, with a similar statement, they would make all that was ordered. Many people ordered multiples hoping that it would be a low mintage coin. There were so many ordered that it will most likely be the lowest valued proof ASE of all of them. So to me the problem here is, if the mint makes high grade collectible coins and sell them at a high premium and with high mintage. They will be sure to drop in price, from issue price. If they do this enough then they will start losing their collector base. These special sets should be low mintage and hard to get. If some collectors choose not to put out the effort and money needed to get one then don't collect them. The regular proof, burnish (UNC) and bullion version are pretty much available for all who want them. It seems so many collectors complained to the mint, because they did not get one of the rare sets. So now they might have ruined the whole program. I hear some say they just wanted a reverse proof. What if next year the made the annual issue proof ASE a reverse proof, but the a low mintage set with a regular proof unique coin. I am thinking we would still hear complaints from some who did not get one. To sum it up What would it take to have a low mintage proof silver eagle and not have so many complaints. Why can't the collectors that want a low mintage coin .. have what they want also. Once the reverse proofs is available to everyone, will we see low mintage D mint proofs or UHR ASE coins, that will start the complaining all over again Edited by GR58
05/03/2012 11:11 pm
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Pillar of the Community
United States
6326 Posts |
I do get excited by "having" something. Meaning, those rare times when "you" get something that most others, either don't have, or CAN'T have, without paying a crazy price for it. Not that one WOULD sell it....just that you really "HAVE" something coveted in the coin world.......and/but you "could" sell the item if times got tough, and/or some horrible calamities befell you in your life, or whatever, you know ! (I'm STILL waiting for something to come along that I could get lucky like this with, btw !)It seems that I've been fairly unlucky when it comes to those rare opportunities to get something from the Mint and have that happen. Maybe someday......but it sounds like it certainly will NOT be this Two Coin ASE Set. " Minted to Demand" cuts that right off at the nose. I rather enjoy that "frenzy" and that "price craziness" that happens with highly desired brand new coin materials.....it's a hoot and a pressure-cooker tryin' to get one ! Regardless, my participation will be "ZERO" with this Set.....  As long as I always have a few beautiful ASE's in my collection.....I'll never desire to be "complete" with all years, RP's, and mintmarks for this wonderful coin. I'll be happy with just some "examples"......... Edited by eaglefoot
05/04/2012 09:56 am
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New Member
United States
37 Posts |
Initially I was disappointed to see the mint to demand for the two coin set. After thinking about it I think this is the right move. The Reverse Proof is such an awesome coin. It is a shame that it is only available in relatively low mintage sets.
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Replies: 43 / Views: 5,204 |
Posted 05/03/2012 12:15 pm
