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No Surcharges For Girl Scouts

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MeadowviewCollector's Avatar
United States
4409 Posts
 Posted 01/06/2014  09:57 am Show Profile   Bookmark this topic Add MeadowviewCollector to your friends list Get a Link to this Message Number of Subscribers
I just read an article from a Coin World email that stated the Girl Scouts won't be receiving the surcharges from the coins issued last year.

http://www.coinworld.com/articles/g...m-surcharges
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basebal21's Avatar
13014 Posts
 Posted 01/06/2014  10:05 am  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
I have to admit I am not shocked by the sales numbers for that one.

I do agree though with the policy that costs need to be covered before any payments are made to a 3rd party.
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CoinCollector2012's Avatar
United States
8137 Posts
 Posted 01/06/2014  5:11 pm  Show Profile   Bookmark this reply Add CoinCollector2012 to your friends list Get a Link to this Reply
Even though I know close to nothing as far as Commems go, I was not shocked by the sales on this one. completly with Baseball.
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Doug58s's Avatar
United States
899 Posts
 Posted 01/06/2014  6:52 pm  Show Profile   Bookmark this reply Add Doug58s to your friends list Get a Link to this Reply
I agree with you as well basebal... to me the low sales reflects on the selection of a poor coin to market.

I wonder if that isn't part of the reasoning for the early release of the Civil Rights coin this year. I think that one will also struggle to attain a lot of collectors. The obverse is surprising similar tot he obverse used on the By Scouts and the Girl Scout coins... with three individuals depicted. I think they had a sure winner with the Liberty Bell design they opted to ignore.
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basebal21's Avatar
13014 Posts
 Posted 01/06/2014  9:04 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
I think they had a sure winner with the Liberty Bell design they opted to ignore.


I really liked that design, the one they picked is really blah to me. Like the girl scout I dont really feel any need to go out and get this one and will likely pass until theyre the last two I need for the set. I can easily see the sales being sluggish for this one too with the design they went with.

I do think youre right though that the girl scouts poor performance lead to them moving up the release date. Aside from losing money its kind of embarrassing for the mint to put one out with such poor sales.
Valued Member
United States
317 Posts
 Posted 01/07/2014  04:24 am  Show Profile   Bookmark this reply Add PennyPiggy to your friends list Get a Link to this Reply
Looks like unrealistic sales expectations and over tally by the mint messed things up for 2013 Girl Scouts program.

African American themed commemoratives have a history of low sales, seen by modern issues of Jackie Robinson and Crispus Attucks coins having lower than normal mintage numbers where collectors pay a nice premium on the secondary market.

I don't expect 2014 Civil Rights coin to break the trend especially when the sales numbers of all US modern commemoratives seem falling.

Interesting to see what the initial numbers are out of the gate for the Civil Rights coin but expecting the trend to stay in place over the course of the year.

I'm a buyer, regardless of the design although I like the reserve because of the aforementioned trend.
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kena's Avatar
United Kingdom
1682 Posts
 Posted 01/07/2014  2:06 pm  Show Profile   Bookmark this reply Add kena to your friends list Get a Link to this Reply
How can the mint be to blame for decision to make such a coin and the design?

http://www.gpo.gov/fdsys/pkg/PLAW-1...11publ86.pdf

According to the law, it is the Secretary of the Treasury and Citizens Coinage Advisory Committee.

So the mint is just doing what it is required to do under the law.
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stampvirgin's Avatar
United States
1247 Posts
 Posted 01/07/2014  3:17 pm  Show Profile   Bookmark this reply Add stampvirgin to your friends list Get a Link to this Reply
I bought a Girls Scout proof to keep my Boy Scout Proof company.
Who knows, maybe I can get some brownies or cub scouts from this pairing.
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BStrauss3's Avatar
United States
4589 Posts
 Posted 01/07/2014  5:28 pm  Show Profile   Bookmark this reply Add BStrauss3 to your friends list Get a Link to this Reply
Guess they can sell cookies but not coins. You can EAT an ugly cookie!
-----Burton
50+ year / Life / Emeritus ANA member (joined 12/1/1973)
Life member: Numismatics International, CONECA
Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club
Owned by three cats and a wife of 40+ years (joined 1983)

Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
CCF Master Historian of USA Commemoratives
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commems's Avatar
United States
12266 Posts
 Posted 01/07/2014  5:56 pm  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply
I think the most shocking aspect of the story is how poor sales were compared to the Boy Scouts silver dollar which sold all of its authorized mintage (350,000).

The two organizations are fairly similar in size (about 3.8 million youths and adults in the Boy Scouts, about 3.2 million combined in the Girl Scouts), so the sales difference would not appear to be an issue of there not being enough "connected" individuals available to buy the GS coins.

As most commemorative coins are purchased by "general public" collectors vs. those who are affiliated with the sponsoring organization for a coin, I would hazard a guess and estimate that roughly the same number of collectors (+/- 15%) purchased each of the coins. If that assumption is even close to being accurate, it would seem that a plausible explanation would be that the Boy Scouts organization was more aggressive/effective in promoting their coin which resulted in more current/past Boy Scouts buying the coin vs. their counterparts in the Girl Scouts.



Quote:
How can the mint be to blame for decision to make such a coin and the design?

I agree that the Mint can't be "blamed" for the authorization of a coin, but it does play a role in what the coin will ultimately look like. The Mint is responsible for preparing potential designs (using either internal or external artists) from specifications included in the authorizing legislation. It then provides the potential designs to the sponsor and the Commission on Fine Arts for review and approval. If the Mint doesn't create exceptional designs, those who are in place to approve them are in a difficult position and have to choose the best of what is available.


Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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KenKat's Avatar
United States
4085 Posts
 Posted 01/07/2014  7:37 pm  Show Profile   Bookmark this reply Add KenKat to your friends list Get a Link to this Reply

Quote:
I think the most shocking aspect of the story is how poor sales were compared to the Boy Scouts silver dollar which sold all of its authorized mintage (350,000).


Based on the attendance of the last coin show I was at, a lot more Boy Scouts grew up to be coin collectors than Girl Scouts. I thought I saw a girl collector at the show but turns out she was working at the snack bar.
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basebal21's Avatar
13014 Posts
 Posted 01/07/2014  9:17 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
Based on the attendance of the last coin show I was at, a lot more Boy Scouts grew up to be coin collectors than Girl Scouts.


Theres definitely truth to that and I agree it would have been a tough sell even with a great design. The three floating heads design certainly didnt make their life any easier.

I also have a theory that putting a girl on the boy scouts one created some resentment towards the girl scouts coin. I'm sure a number of people (myself included) feel that first coin covered both groups when they decided to do that.
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United States
5206 Posts
 Posted 01/07/2014  10:12 pm  Show Profile   Bookmark this reply Add jack jeckel to your friends list Get a Link to this Reply
The Boy Scouts have a coin collecting Merit Badge and our club sponsors a clinic every year at a local coin show.

http://www.milwaukeenumismaticsocie..._clinic.shtm
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SteveCaruso's Avatar
United States
1796 Posts
 Posted 01/08/2014  12:28 am  Show Profile   Bookmark this reply Add SteveCaruso to your friends list Get a Link to this Reply
Aye I hate to say it, but with some of these new commems, where congress is making good choices for things to commemorate, they are making poor choices "business-wise" for the Mint.

Coin collecting is one of those hobbies that is undeniably dominated by bearded, white men. There are fewer hobbies that are less masculine, less white, and less beard-y. :-)

As much as I further hate to say it, Girl Scouts and Civil Rights (just got the brochure in the mail today; gorgeous design) simply won't sell in that market. It's not *personally* relevant.

Boy Scouts? Popular as all get-out. Military commems tend to sell, too. I can see the Baseball commem selling out both due to the market affinity plus its novelty. Any coin with a nubile female allegory for Liberty... Are you seeing the theme? :-)

It's an honest shame.
Valued Member
United States
317 Posts
 Posted 01/08/2014  07:22 am  Show Profile   Bookmark this reply Add PennyPiggy to your friends list Get a Link to this Reply
Concerning the Civil Rights coin, hopefully this time around someone at the mint or whoever says how many coins the mint should produce doesn't over tally like the Girl Scouts Coin and the United Negro College Fund doesn't get hoodwinked out of at least $500k at the end of the year.

But going back to the original topic concerning the Girl Scouts not getting the surcharges, I looked at HR 621/Public Law 111-86 and I looked at 31 USC § 5112 and tried to find out specifically who orders the production of the coin and really didn't find an answer. And I'm not talking about setting the mintage limits but who decided on how many coins should be initially produced here.

The article says "123,817 coins were sold â€" 86,354 Proof coins and 37,463 Uncirculated coins" and the problem was 147,300 of the Proof coins and 59,905 of the Uncirculated coins were produced.

The article just said US Mint officials produced too many coins based on sales expectations from the Boy Scouts coin, so I guess it's someone without a grand title at the mint that did the production ordering?

But eh, we really don't need to know who ordered the coins to point the finger, but I'd actually like to hear what is being done to avoid this from reoccurring. This is the most important issue I have with this whole topic- what steps will be done from preventing this from happening again?
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denco7's Avatar
United States
2543 Posts
 Posted 01/08/2014  10:26 am  Show Profile   Bookmark this reply Add denco7 to your friends list Get a Link to this Reply

Quote:
It then provides the potential designs to the sponsor and the Commission on Fine Arts for review and approval. If the Mint doesn't create exceptional designs, those who are in place to approve them are in a difficult position and have to choose the best of what is available.


But the sponsor, the CFA and the CCAC are still only advisors, if I am not mistaken. THey make recommendations, but the Sec of the Treasury still has final say. Many times I have read that the CFA or the CCAC has suggested subtle changes to coin designs, that have not been incorporated into the final design. I believe that the CFA recommended that the sign on the new Civil Rights Coin obverse, be moved to a more readable area and that the size of LIBERTY be reduced. These were ignored in the final design.
Bottom line is, a beautiful coin (COTY Winner) will sell no matter who the sponsor is. One nomination last year ? Ugly coins = poor sales.

I feel bad for the Girl Scouts, a worthy receipient burdened with a short sales window and an ugly design.
Edited by denco7
01/08/2014 10:31 am
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