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 Replies: 160 / Views: 13,792 |
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Pillar of the Community
United States
1027 Posts |
I for one hope people at the mint are reading all of the negative comments on this new product and decide to put the W proof ASE in it, limit production to 25K or less, or cancel it altogether. |
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Bedrock of the Community
13014 Posts |
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I'm just trying to keep from being totally negative on the Mint and looking for some possible explanations. I love their products, I think the quality is excellent for the most part, and I end up spending a good deal of take home pay on them annually. It does feel like we're getting railroaded here lately with PM pricing and perceived bait-and-switch. I love their products as well and I think thats why this bothers me so much. If they made sub standard products or we didnt care there would be nothing to be upset about. Its just hard to be positive about what they are trying to do here. They may have just put out a confusion description to test the water for including the S, and if so theyve angered a lot of people for no reason. Quote:
If I were a fly on the wall in the mint product development/marketing group, would I see a group of people just trying brainstorming crazy products to squeeze every last possible dime out of their customer base? or would I see a group of excited, creative people that are genuinely proud of their products and think that they're offering another great product for collectors? As with any government agency I think the answer would be both. They definitely put out some great things which shows at least a small group are the creative passionate bunch, and I think regardless they are proud of their work overall since no matter how underhanded their sales strategy may be the product will be a quality one for sure. But unfortunately I think what were seeing is there is also a group that just wants to see how much they can push out and drain every last dime they can from people who just care about sales. Sadly enough they seem to be the group in control or have gained control recently. The S quarters made little to no sense in the middle of the series and this new set makes no sense either, even the ASE special set was a little questionable but I'm all for excuses to get more RPs out there. But the fact remains we seem to be seeing more and more of these products start to come out recently and we still have half a year to go for more. Ones things for sure though, if they dont start doing a better job spacing out products (like when we had what 6 or 7 silver objects come out in 10 days not to long ago) and end the deceptiveness were seeing now I think we will start to see sales take a hit until they get the message or new leadership. Best case there seems to be a lot of confusion and at least a degree of incompetence running the ship, worse case were in the era of just a money driven cram as much as we can into the market mint. Edited by basebal21
07/20/2012 03:25 am
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Bedrock of the Community
 United States
12839 Posts |
I hear and definitely agree with your statements, basebal.
We've griped here plenty about this; would like to hear from other numismatic groups (are there any others? ;) ) if they feel the same way. And sure would be nice to hear from someone in the mint. I think we represent enough of a fraction of their numismatic customer base to get some kind of an explanation on this. Or am I way off base here? Do dealers/flippers (not collectors) account for a majority of their sales?
Has anyone ever been able to contact the US Mint to inquire about things like this or has that been limited to surveys and the like?
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Valued Member
United States
110 Posts |
... With all of us drooling online over how cool and second to none the RP is... You can pretty much expect it to be minted EVERY year from now on; probably from both mints. I've met guys in the Street (wise guys, LS's, Bookies, Pimps) that don't even roll like the US Mint is rolling right now... The Vig is on for these guys, and they are coming to collect; and we are the sheep!
Erik
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Bedrock of the Community
13014 Posts |
My guess would be that as individuals wed probably get stonewalled or just some pr answer back. There do seem to be enough of us here especially with some of the more well connected members that if we put together something like a petition or inquired as a group they would be smart to take some notice.
I cant imagine some other collectors groups wouldnt feel the same way, it may be somethings thats just largely gone unnoticed for the most part though. Enough awareness could possibly get a change of coin or at least one with a different finish or something if it happened fast enough.
My best guess would be dealers account for a significant amount of their sales but not a majority yet. Its impossible to know who ordered what when but if we looked at the special set order numbers the first day was almost half the sales which I'm sure included the majority of dealers, but the other days combined still out numbered the first day and those smaller days were more likely to be individuals ordering.
Which actually just dawned on me that dealers cant be thrilled about this either. If somehow we got one of them to join in the inquest theres no way the mint could ignore it
Edited by basebal21
07/20/2012 04:00 am
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Valued Member
United States
110 Posts |
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My guess would be that as individuals wed probably get stonewalled or just some pr answer back. There do seem to be enough of us here especially with some of the more well connected members that if we put together something like a petition or inquired as a group they would be smart to take some notice. ... How about a class action law suit... Anybody know John Edwards? Erik |
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Pillar of the Community
United States
4901 Posts |
As of a couple of days ago the total 2011 W ASE sold was 296,741 with 100k more in the 25th set for a total of 396,741 The 2012 W proofs have had sales of 492,789 and that's with sales suspended for this week The 2011 W proof was over 950,000 |
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New Member
United States
29 Posts |
Why not add "Mint's 220th year celebration" on the coin? which will make it different.
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Pillar of the Community
United States
1116 Posts |
I went on line this evening to the US mint web site to check the status of an order and was selected to participate in their survey process. I gave them extremely low marks due to their misrepresentation of the SF 2 coin sent and the new product that they came out with in conjunction with the SF FRB. Told them that I was so upset with their misrepresentation that I will not purchase the new product and that the spacing of the ATB 5 oz coin and First spouse coins has caused me drop out of the quest to be no longer interested in purchasing the coins. Further, because of other factors I am cutting back on the amount of coins that I am purchasing from them. I truly believe that more of use should use this tone with them if we are asked to take their survey. It's not all peaches and cream with them at this point of time. They reacted to the travesty of the 25th Anniversary ASE set and perhaps they will react to our pointed comments. Edit Gripping among ourselves on this forum will not get the message accross about how displeased we may be. This is why I did what I did. Edited by ghostrider
07/20/2012 11:58 pm
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Bedrock of the Community
United States
12839 Posts |
Good points, ghostrider. I will do the same if presented with the survey opportunity.
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Pillar of the Community
United States
4901 Posts |
I took the same survey yesterday...the whole survey is about the operation and appearance of the Mint's web site and the data is collected by an outside agency
It is not about the Mint itself...just the web site
I guess if it makes you feel better you can make it about what you want it to be about... but the data will be interpreted the way it was designed
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Valued Member
United States
310 Posts |
It's a win win for the mint. They can saturate the market with whatever they can. Even if orders drop off, there will always be diehards that buy everything they release. If the numbers drop off enough, then the unpopular issues will become the keys to sets, and all the people that boycotted the releases will have to buy them on the secondary market. If there's enough pop in the secondary market, it'll drag the boycotters back to the mint to continue buying all the crap they want to release.
If the mint wanted to be truly fair, they'd mint every product to order and not release mintages until the following year. They want the hype though. A little counter made 250k people buy one set in a matter of weeks. Putting an "S" on a common coin will make you crawl over each other to get it. Make it proof, Reverse Proof, etc, collectors eat it up.
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Bedrock of the Community
13014 Posts |
GRR thats all true, but it doesn't mean they have to be deceptive and underhanded about it. Announcing the set before hand so everyone was aware of what the special set was would have avoided all the anger. There would have been complaints about the set not being special which is one thing, but when people feel the mint is being deceptive and lying to them that actually is a way to get people to stop collecting things. Theres more than enough sets out there of different coins that there will always be things to collect without feeding into a deceptive and dishonest mint until they get the message
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Pillar of the Community
United States
1770 Posts |
what a waste might as well sell these S proofs at the local grocery as well talk about "OVERKILL"
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Bedrock of the Community
United States
36782 Posts |
The set actually gives you a $5 discount! Knock the $5 bill off the price and the S proof is only $67. The $5 note is no big deal as there is nothing different from any other District 12 FRN's other than the serial number starts with 150.... big woop. I may buy a couple to keep the S proof and spend the $5 FRNs.
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Posted 07/20/2012 03:21 am
