2020 Native American Coin & Currency Price Up Over 116%

Surely they cannot be serious?

Wow! That's crazy, there's just no other way to put it. I can confidently state that I will not be purchasing this set at that price, and that makes me sad because I really like my 2019 set.

It's getting to the point that I can barely afford most of the Mint's offerings. After the ATB series ends next year, my only guaranteed annual purchase will be the Mint Set.

I'd rather a $50.

I dunno. Best wait and see. Might be a typo or something and maybe they bumped it up to $24.50 or something.

Also maybe they made a change to the set to make it worth it. Maybe adding a coin in silver or something? Who knows really until the mint lists it.

For sure though if $34.50 or $24.50 it's way overpriced for $2.00. It was a bit steep for the set last year. It's a $10 deal all day!

If it's the same product, I'll probably just wait for people to break it and buy the coin separately.

Still better than the one dollar note that they need to quit printing anyway.

Maybe they know something that we do not...

I might actually have to consider such a set.

Well I learned a lesson recently about the US Mint. Ryder is running it like some of the more expensive secondary dealers. Judging from the sales of products that do NOT offer extra coins or are fueled by fear (silver and gold coins in the past 2 months), sales will fall.

Furthermore their reasons for price increases are not strong just they have to compensate for the rise in labor and costs. When did copper. cotton and linen shoot up so much? And the answers you get are from customer service simply regurgitating the department line. Hopefully Ryder willing et investigated and will find that some of this is outright gouging and potentially low-level fraud. Just need more politicians as those in Alaska did recently with the 2020 Native American dollars to order product from the US Mint.

Another thing I learned is they will defend their pricing at any cost of integrity. I noticed that the American Innovation Reverse Proof coins are now available as a bundle at a slightly reduced price. The Pennsylvania and Delaware coins were $9.95 and Georgia and New Jersey $9.95. However I bought the Jersey and Georgia coins two months back when they were $11.50. When I asked why to US Mint, I was told that they have the discretion to lower or raise prices at will.

So, I suggest with the Native American Coin and Currency and other products going forward to do the following:

WAIT UNTIL THEY OFFER A DISCOUNTED PRODUCT --- DO NOT BUY IT IMMEDIATELY.

Very hard advice to follow (I didn't follow it for the 2020 Silver Proof Set and got one but they will be on sale again and may I remind you all the silver proof sets from 203 - 2018 all had mintages BELOW 400K with 2018 being 240K.) Only reason 2012 sets are priced so high is everyone though it would be a key year and turned out NOT to be. So many people bought it on the secondary market at inflated prices. If 2012 silver proof sets run for $140 then the 2018 should run $100 - lower mintage but less products in the set. This applies to Native American Coin and Currency sets - the first year is always overpriced ($60) on the secondary market while subsequent years are more reasonable.

What would be a great contribution to newcomers of coin collecting is a guide on how to buy stuff from the US Mint. For example, listing the products that will immediately sell for less within a few months of release on the secondary market (clad proof sets and uncirculated sets) unless they contain error coins and the only reason to buy these from the US Mint (to gamble you may get an error coin). Products that are worthwhile to get from the US Mint and some that are so-so. Also remind newcomers to go to the correct site. One person I know thought that Govmint.com was the official government US Mint and ended up paying $155 for a 2020 Silver Proof set with a slabbed and graded reverse proof penny!