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 Replies: 24 / Views: 4,147 |
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Pillar of the Community
United States
715 Posts |
I realize that many (perhaps most) coin collectors will hate this idea, but some might approve. It might also be technologically impossible, but I'm guessing it could be worked out. Here's the idea.....You load up a coin press into a semi-truck, or perhaps a railroad car and it's driven to significant cities and coins with desirable mintmark are manufactured. For example, I like many, collect Morgan dollars. What if you located the press in Carson City and created a proof 2021 CC (100 years a after the last Morgan dollar) Morgan dollar? I would be willing to pay a large premium for something like that. If purists objected, perhaps it could be made as a larger coin. You could relocate the press to other cities that formerly made Morgan dollars (San Francisco, New Orleans, Denver, and Philadelphia) You want people to accept dollar coins? Maybe they'd use a base metal Morgan dollar (I know....blasphemy). Take the press to Dahlonega and Charlotte and stamp out some proof gold coins for collectors who want to acquire relatively reasonable coins from those historical coin minting cities. You could even create new issues with minting taking place in significant cities that have never had a mint before. Put the presses on public display and folks can buy coins on the spot. Possibilities are endless! (I know, I'm nuts.) |
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Moderator
 United States
187446 Posts |
Okay, I am intrigued by this idea.  No need to limit this to Morgan dollars or former mint cities. I would love to see a 2021 Gettysburg minted Ike for the 50th anniversary.  |
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Bedrock of the Community
United States
10029 Posts |
 And I don't think you are nuts at all as far as the idea of modern coins being actually made in these cities - I think its a cool idea. I know Daniel Carr makes overstrike coins nowadays on an actual refurbished Denver press. I just don't know how much more the cost per coin would have to be raised for the traveling expenses and other unforeseen costs. I also do not believe, as history has proven over and over, that people would accept the dollar coin you mention. Our poor Ikes flopped royally although people were excited when seeing them back when the coins were issued. Another thing fact from history is that the US never accepted carrying around a coin as large as Morgans etc. Besides that, the Fed gets upset to the point of illegal action and abuse of power concerning other people making money in the US that "coinage" is accepted for spending on a large scale (google the NORFED story). Although the abuse of power might be a different thing currently since the FBI was caught and had to make restitution in this case. Plus some of those responsible are no longer there - something about a swamp being drained . How much squash could a Sasquatch squash if a Sasquatch would squash squash? Download and read: Grading the graders Costly TPG ineptitude and No FG Kennedy halveshttps://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2Edited by Earle42
09/14/2018 5:15 pm
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Pillar of the Community
7234 Posts |
I would doubt there would be enough interest to equall the cost of buying a used coin press, refurbishing it to working order, making the dies, and travel costs. Just not practical. I know just a hypothetical situation but...........
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Moderator
United States
34393 Posts |
"If you climb a good tree, you get a push."
-----Ghanaian proverb
"The danger we all now face is distinguishing between what is authentic and what is performed."
-----King Adz
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Rest in Peace
10197 Posts |
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Pillar of the Community
United States
4085 Posts |
Why do you need to actually travel to each city? You are basically making tokens with a mint mark - would collectors pay a premium just because it was struck in the actual city matching the mint mark? I would think not.
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Pillar of the Community
 United States
715 Posts |
You ask why the need to travel to the actual city for minting purposes. Besides honesty, I kind of envisioned (being a stamp collector as well) something akin to a First Day Ceremony where collectors could attend the actual striking and obtain the coins at the place of minting.
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Rest in Peace
10197 Posts |
Best stick with the thread title and leave it at that. Only a selective niche collector goes ga-ga over first day issue MS-70's, it's a marketing gimmick that usually backfires.
Edited by Crazyb0
09/14/2018 10:24 pm
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Bedrock of the Community
United States
73579 Posts |
It's not a stupid idea at all. I wouldn't think that it would work, but it's still a very good thought! This thread is pretty interesting to my mind. It's a good read.  Errers and Varietys.
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Bedrock of the Community
13014 Posts |
I dislike the idea you have proposed for two main reasons. The first is I am sick of retreds by the US mint. The second is the cost they would have to charge would be absurd unless they mass produced things bullion style.
I like the creativity you are using in the idea and hope the mint gets much more creative, but I would like to actually have a mint capable of new ideas. Their most sought after products are consistently recycled designs. I refuse to believe that we don't have artists in the country capable of making better designs and if we don't hire the world mint ones who consistently do better.
As far as the traveling mint I think there could potentially be something there to that, but it has to be more planned out and it needs to be more widely focused than nitch recreations for collectors which will likely just aggravate the collectors who have the real versions.
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Bedrock of the Community
 United States
12804 Posts |
What you are describing is the "pop-up mint" suggested in other threads. I'm mostly in favor of this for certain, special issues. However, if I had any say, the only way I would go for this is if the products were of utmost quality, and were (somehow?) protected from tampering (RFIDs, anyone?). I also have to side with basebal21 here. The retreads are, well... retreads. No one is ever going to be happy but can we at least try to please the people that collect them and thus look at them on a daily basis?! |
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Bedrock of the Community
United States
20753 Posts |
This is already being done to some degree only not a moving Mint. A place called China is making any coins you want now.
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Bedrock of the Community
United States
10029 Posts |
Quote:
I like the creativity you are using in the idea and hope the mint gets much more creative, but I would like to actually have a mint capable of new ideas. Their most sought after products are consistently recycled designs. I refuse to believe that we don't have artists in the country capable of making better designs and if we don't hire the world mint ones who consistently do better. I could not agree with you more on this one. You hit the nail on the head. |
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Moderator
United States
187446 Posts |
Quote:
This is already being done to some degree only not a moving Mint. A place called China is making any coins you want now.  |
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Pillar of the Community
United States
3402 Posts |
I betcha people would like elongated dollar coins...tote that machine around.
KK
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Replies: 24 / Views: 4,147 |
Posted 09/14/2018 5:14 pm
