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 Replies: 22 / Views: 3,301 |
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Pillar of the Community
United States
844 Posts |
A guy at work handed me a catalog yesterday. It's a New York Mint catalog. At first I thought, "Oh great, another Franklin mint type deal." I was surprised to see that it had actual gov. issued coins and currency in it. Anyone ever deal with this place?  |
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Valued Member
United States
379 Posts |
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Valued Member
United States
324 Posts |
I've looked through their catalogs before and their prices are high enough to be on late night TV. Can't recommend them.
Joe
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Rest in Peace
United States
1501 Posts |
Another name for govmintdotcom
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Pillar of the Community
 United States
844 Posts |
I did notice the prices were were a little on the steep side.
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Bedrock of the Community
United States
14454 Posts |
I get their catalog shipped to my house for some reason about once every couple of months. they do have Govt issued coins but their prices are crazy high
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Pillar of the Community
United States
1796 Posts |
They're always buying sensational radio ads around here hyping common coins as rare or special or limited.
Just another high-pressure coin dealing firm.
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Moderator
 Australia
16826 Posts |
"New York Mint" is not actually a "mint", in terms of a place where coins are actually produced (like Franklin Mint used to be, and National Collectors Mint is now). It is just one arm of the mass-marketing coin corporation Asset Marketing Services Inc, which also includes govmint.com and First Federal. All three names are, of course, designed to convey some aura of "official-ness", but the truth is they're really just another coin seller - I'm reluctant to call them a "coin dealer" because they don't "deal" - they only sell, at exorbitant rates. They buy coins from the mints that actually make the coins and on-sell them for a profit.
Clearly, their target market is the people who do not know that NYC doesn't have an official government mint, or that the mint that is actually in New York State is called "West Point". In other words, their target market is not coin collectors. This is why they advertise in newspapers and general-interest magazines, but not in coin magazines. They prefer their customers to be ignorant. Specifically, ignorant about the prices that coins are actually sold at by the actual mints that make and sell the coins.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Bedrock of the Community
United States
20753 Posts |
As already noted the usage of the word MINT makes people think it is actually one of the US Mints. Many would assume they can get fantastic deals if doing buisness directly with the Mint. Many companies use such names to fool the general public. For example Harris puts out a product called the United States Mint Albums and Folders. Always thought that was funny since I've heard so many say don't buy a Harris product but those United States Mint Albums are great.  |
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Valued Member
291 Posts |
Just another sleazy coin marketer preying on the uneducated.
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Pillar of the Community
United States
2077 Posts |
My neighbor used to buy from them. He thought they were a part of the US Mint. He paid more for clad proof sets than I paid for the silver ones!
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Pillar of the Community
United States
844 Posts |
thanks for the input guys. I actually did know they weren't a mint per say. That's why my first thought was what it was. I was only interested in asking because I did find something in there that caught my attention. That is a "1909-1958 3-troy-lb. bag of Wheat Cents" for $49.95 I wasn't sure if that was a fair price, or if 98% of the Wheat Cents are going to be 50's. Only reason I would consider it at this price is comparing this way vs ebay for each Wheat cent I'm needing for my album. So any input on that? |
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Valued Member
291 Posts |
Quote:thanks for the input guys. I actually did know they weren't a mint per say. That's why my first thought was what it was. I was only interested in asking because I did find something in there that caught my attention. That is a "1909-1958 3-troy-lb. bag of Wheat Cents" for $49.95 I wasn't sure if that was a fair price, or if 98% of the Wheat Cents are going to be 50's. Only reason I would consider it at this price is comparing this way vs ebay for each Wheat cent I'm needing for my album. So any input on that? Stay away - if you think you will get anything but the most common wheat cents, you are sadly mistaken. |
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Pillar of the Community
United States
844 Posts |
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Pillar of the Community
United States
2077 Posts |
BTW, nice trick with the troy lb. That's only about 13 regular ounces.
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Valued Member
291 Posts |
Quote:
BTW, nice trick with the troy lb. That's only about 13 regular ounces. How many wheaties in a troy lb. |
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Replies: 22 / Views: 3,301 |
Posted 09/23/2012 6:28 pm
