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 Replies: 13 / Views: 2,762 |
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Pillar of the Community
United States
3843 Posts |
There seems to have been quite a few new releases recently. Is all of this new product being sold by the mint hurting the market for 'secondhand' coins? Surely collectors of these sets have less money to spend on other collecting areas or are having to liquidate coins to finance these purchases?
Your thoughts?
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Pillar of the Community
United States
1119 Posts |
Makes what I like cheaper if less people are going after it,
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Pillar of the Community
United States
7620 Posts |
There is only so much discretionary money for collectibles like coins, stamps and collectible cars, etc.
The mint is making sure they get their share of the coin part.
More money spent at the mint means less money available for coins at coin shows and coin shops. The mint is the largest coin dealer in the world and they get to make the rules.
So the answer is "yes" in my opinion.
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Pillar of the Community
United States
4409 Posts |
I do think the US Mint is pumping out a lot of products into the marketplace. However, pretty much every world mint is on the NCLT bandwagon.
-MV
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Pillar of the Community
United States
1817 Posts |
IMO, just because the US Mint puts it out there does not obligate you to part with your discretionary income. I highly doubt most of the customers of the Mint are automatons that automatically chase after every single new release, even though coin blogs like CCF may suggest otherwise. The first rule of any collectible endeavor is buy what you like and can afford. Doesn't matter if they put 2 or 200 different products out a year.
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Pillar of the Community
Canada
5324 Posts |
The US mint still doesn't compare to what the RCM is doing in Canada, a coin a day, just destroying the hobby. |
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Pillar of the Community
United States
6478 Posts |
Quote:The US mint still doesn't compare to what the RCM is doing in Canada, a coin a day, just destroying the hobby Oh goodness I agree.  |
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Moderator
 United States
188660 Posts |
Quote:
IMO, just because the US Mint puts it out there does not obligate you to part with your discretionary income.  Yes, I have enjoyed the recent C&C sets and I have bought some commemorative coins/sets over the last few years, but I do not feel compelled to buy everything they release. |
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Valued Member
United States
467 Posts |
I don't feel compelled to buy them either.
If making so many special products will keep them from tinkering with the regular denominations so much, then I am okay with it. I am quarter fatigued and wish I could just see the same coin design (and only one design) for a number of years.
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Moderator
United States
188660 Posts |
And there are some I do not want to see in change at all. Sorry Abe and Tom, your usefulness has come to an end.  |
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Valued Member
United States
179 Posts |
Im interested to see what happens with a new Mint Director in place and the changes that may come.
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Pillar of the Community
United States
1005 Posts |
For me, yes it certainly has. This past year, I bought the new high relief gold coin the mint released, meaning I had to put off expanding my cent collection for quite some time. The way I see it, I really need to value the quality of the product being released, and I just don't see it for most of the mint's releases so I refrain from buying, instead enjoying well worn coins from the past. I never got into buying yearly sets as a tradition except for special years, so I have no obligation to collection continuity with any new releases (except CRHing for the hard to find ATB Quarters). |
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Valued Member
United States
384 Posts |
I do think there is fatigue
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Pillar of the Community
 United States
3843 Posts |
The Canadian NCLT market would be an interesting case study on how to ruin the coin market. At least the U.S. mint isn't as prolific in their offerings as our neighbor to our north.
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Replies: 13 / Views: 2,762 |
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Posted 11/10/2015 10:35 pm
