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Replies: 160 / Views: 13,809 |
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New Member
United States
29 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" Foxwoods Man, how did you get those number? thanks.
Edited by netscape 07/21/2012 10:20 pm
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Bedrock of the Community
13014 Posts |
Net coinnews.net usually reports weekly mint sales in various articles
Net had to edit this post its actually .net not .com sorry about that
Edited by basebal21 07/21/2012 10:55 pm
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New Member
United States
29 Posts |
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Bedrock of the Community
13014 Posts |
Net no problem. And welcome if I havent already told you that lol
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New Member
United States
29 Posts |
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Pillar of the Community
 United States
1817 Posts |
Sorry, I have to disagree with most of you on the genesis of the SF set. I think the Making History set was the special ASE set the Mint meant to offer that was planned immediately after the fiasco of the 25th Annie set, and the SF ASE set came into being because so many collectors voted on the RP ASE to be minted again this year from that survey they sent out. Because they didn't really believe the results of the survey, they inserted the SF set ahead of the Making History set, in case the SF set didn't sell and they were stuck with a bunch of leftover coins. The artwork looks pretty finished and probably was done months ago. I don't think the Mint really planned to issue another RP otherwise, and the two-coin set felt like an ad hoc offering that was cobbled together from elements (packaging design/COA, etc.) from the 25th.
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Bedrock of the Community
 United States
12845 Posts |
Interesting theory - anything to back it up?
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Pillar of the Community
 United States
1817 Posts |
I asked one of the phone reps about the Making History set last week and she said the set had been in the pipeline for the last couple of months, and the S-mint proof ASEs were run 1st for this set. At least that is what her supervisor told her to tell customers about which coin was in the MAHCC set. She also confided that the SF ASE set was merely sprung on the call reps and they didn't anticipate "that many sales." Interesting how a "company" like Mint works when it's run by committee. In the real world such a company would go out of business soon. Edit-Probably the MAHCC set was in the works for the LAST two or three years. It's two separate government agencies with their internal autonomy that have to cooperate to bring this to market. Just doesn't happen easily, akin to selling Texan oil to the Saudis.
Edited by Bizybackson 07/22/2012 02:01 am
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Bedrock of the Community
13014 Posts |
Quote:Sorry, I have to disagree with most of you on the genesis of the SF set. I think the Making History set was the special ASE set the Mint meant to offer that was planned immediately after the fiasco of the 25th Annie set, and the SF ASE set came into being because so many collectors voted on the RP ASE to be minted again this year from that survey they sent out. Because they didn't really believe the results of the survey, they inserted the SF set ahead of the Making History set, in case the SF set didn't sell and they were stuck with a bunch of leftover coins. The artwork looks pretty finished and probably was done months ago. I don't think the Mint really planned to issue another RP otherwise, and the two-coin set felt like an ad hoc offering that was cobbled together from elements (packaging design/COA, etc.) from the 25th. I dont disagree that the coin bill set was thought of first, in fact I bet it would being two government agencies. Definitely didnt happen over night. But again that just makes what they did even worse. Its not so much that the coin is being offered again (though that does suck for lack of a better term) but that this set was hidden during the sales period. The longer this set had been planed the worse is it that they stayed quiet about it. Had this set been announced before hand people may not have been happy, but there wouldnt be the feeling of a dishonest and underhanded mint which is far far worse. Sales would have been the same anyway, we all know most of us got the set mainly for the RP
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Bedrock of the Community
 United States
12845 Posts |
Quote: It's two separate government agencies with their internal autonomy that have to cooperate to bring this to market. Just doesn't happen easily, akin to selling Texan oil to the Saudis. Just imagine if it had been the dollar coin and the dollar note! Ha! Quote: we all know most of us got the set mainly for the RP True. Now hopefully the RP doesn't show up in another set in a couple weeks. Any guesses how many of these MAHCC sets they'll sell?
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Valued Member
United States
310 Posts |
The ending numbers might not be all that bad. Most people here bought the 2 coin set, why would they need the FRN set? the $5 bill?.
Watch the Sales for the FRN set be negligible. If that happens and a bunch of people cancel the 2 coin set orders, you may end up with the rarity, you all wanted :)
As for the mint giving a crap what anyone thinks, I still laugh. They just do what they want and get congress to approve it. They've been minting cents and nickels at a loss for years. It's not a business, it's a mint. I wish they'd go back to just having proof sets(they've been doing them for years), and standard bullion releases(just biased because I like the designs). who needs 1000 new coins a year or whatever. They could really stop making bullion coins and private mints would pick up the slack for bullion.
I have a bunch of modern comms from my grandmother, but really most of the designs are "meh" and I really don't need the several hundred of them released over the years.
Look at any collectible hobby that has crashed and you'll see the beginning of the end was when the hobby started trying to "create" collectibles. They saturated the market and collectors stopped collecting as nothing would hold value and they ended up just throwing money away buying items at retail.
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Bedrock of the Community
13014 Posts |
Somehow youre post just messed up the format of the thread on my comp anyway Quote: It's not a business, it's a mint. For circulating coins thats true, for NIFC coins its the exact opposite. The mint is 100 percent a business for everything not minted to be sent to a bank. Quote: . I wish they'd go back to just having proof sets(they've been doing them for years), and standard bullion releases Again I have to disagree. I do agree that this year theyve started putting out a lot of stuff that makes no sense to say they put out more things, but if all they did was a proof set and a bullion coin for each metal type modern coin collecting would be dead for all intensive purposes. Not everyone wants to spend enough on the gold or platinum coins so youd buy a proof set and a silver bullion ASE and call it a year. Simple enough but if you only have to spend 5 minutes a year on new coins youll just stop caring and turn to older sets
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Valued Member
United States
310 Posts |
Yeah, I don't know why the formatting is messed up on the page :) Quote: For circulating coins thats true, for NIFC coins its the exact opposite. The mint is 100 percent a business for everything not minted to be sent to a bank.
True, but the mint itself doesn't care if it makes money or not. They have to mint circulating coins. That's there purpose. Now they get some pressure to make profit from the budget people, but if they do profit, the money just goes back into the general fund of the US treasury. They reap no rewards for profit and really no consequences for poor performance. Quote: Again I have to disagree. I do agree that this year theyve started putting out a lot of stuff that makes no sense to say they put out more things, but if all they did was a proof set and a bullion coin for each metal type modern coin collecting would be dead for all intensive purposes. Not everyone wants to spend enough on the gold or platinum coins so youd buy a proof set and a silver bullion ASE and call it a year. Simple enough but if you only have to spend 5 minutes a year on new coins youll just stop caring and turn to older sets I'd argue that people turning to the older sets would be healtheir for the Hobby. The modern dribble that they issue is sold directly to those who want it. It depresses the secondary market for these things because anyone who wanted it, already has it. "no demand". Coin collecting is an "old" hobby. It's not going to see a huge explosion of new blood. The modern "collectable" stuff will not be the next 1909 VDB S. The new stuff will only appeal to niche within the coin collecting community. Now, if people could just buy a proof set, and then have to explore other avenues to satisfy their need for new coins, you'd see a lot more attention given to modern circulating currency. When the general public could collect just by looking through their pocket, you'd find more varieties and more demand for them. People would look at old silver and gold coinage in a more numismatic way rather than just bullion. There would be more demand. A common silver dime would be worth more than "junk". If people can find something of worth in their pocket, more people will look in their pocket. A percentage of those people will genuinely catch the bug, and that will grow the hobby, and that is good for the hobby as a whole.
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Bedrock of the Community
13014 Posts |
Hopefully theres an IT savy member who can rescue this format Quote: True, but the mint itself doesn't care if it makes money or not. They have to mint circulating coins. That's there purpose. Now they get some pressure to make profit from the budget people, but if they do profit, the money just goes back into the general fund of the US treasury. They reap no rewards for profit and really no consequences for poor performance. The building itself doesn't, but the fastest way to see a new mint director is for the mint to lose money on products it didnt have to make. Its one thing if they are in the red from making circulating coins (but that would have to be changed quick) but anything they havent been required to make by congress you bet they care if it makes money or not. If they didnt care they would sell it at cost, which they dont. Quote: I'd argue that people turning to the older sets would be healtheir for the Hobby. The modern dribble that they issue is sold directly to those who want it. It depresses the secondary market for these things because anyone who wanted it, already has it. "no demand". Coin collecting is an "old" hobby. It's not going to see a huge explosion of new blood. The modern "collectable" stuff will not be the next 1909 VDB S. At the time people werent saying oh finally the 09 VDB S is here. We dont know what will be popular in the future or command those premiums until the future comes. But Id also say the only benefit would be from a historical educational point. If new products dry up and everyone starts looking for the same thing thatll price out collectors without large budgets. It wont be long till the hobby starts to suffer as only those with deep pockets can really pick it up other than circulating change. Quote: The new stuff will only appeal to niche within the coin collecting community. Now, if people could just buy a proof set, and then have to explore other avenues to satisfy their need for new coins, you'd see a lot more attention given to modern circulating currency. When the general public could collect just by looking through their pocket, you'd find more varieties and more demand for them. People would look at old silver and gold coinage in a more numismatic way rather than just bullion. There would be more demand. A common silver dime would be worth more than "junk". The new stuff sells very well, Id say the modern collector is far more than a niche of the community at this point. Old silver dimes are worth more than junk. Their bullion value is higher than any numismatic value they have however and that will not change unless silver drops. Theres always going to be a point though with those where they arent old enough to bring big money, or were minted to much too, but are in too poor of condition to bring a big collector value for our life time anyway and probably the next generations as well. But youre also forgetting, circulating coins will never get the attention they did in the old days. Credit Cards, online payments, and checks are responsible for that. I would also say if you really want the hobby to grow the new products are a welcome addition. I got into it because I came across some of the modern war commems. I loved them and started to get them and caught the bug and it grew from there. Would I have started collecting without it, I dont know, but I can say the reason I am today is because of them. Im sure some of its a generational difference as I am in my mid 20s so its just how I grew up as opposed to say someone in their 50s who spent most of their life using cash and has memories of using the old silver chance where newer generations have never had any silver in their money.
Edited by basebal21 07/23/2012 02:30 am
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Pillar of the Community
United States
1255 Posts |
I'm not going to buy this new issue due to I already have this coin coming in another set. Why would you want or need this new issue? Who here thinks it is a good idea to own this new set? Anybody? Maybe I will start a poll and see. Yep, this format is messed up now, you have to hit the enter key at the end of each sentence.
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Replies: 160 / Views: 13,809 |