More Price Increases For Mint Products

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Author	Replies: 8 / Views: 1,265
CollegeBarbers Pillar of the Community United States 2608 Posts	Posted 01/01/2021 9:04 pm The Mint announced in the Federal Register that the following price increases will take affect in 2021: Quote: United States Mint Birth Set (2018, 2020, and 2021) $25.00 United States Mint Happy Birthday Coin Set (2019, 2020, 2021) 25.00 2019 United States Mint Uncirculated Coin Set® 25.25 2019 United States Mint Native American $1 25-Coin Roll (P & D) 34.50 2019 United States Mint Kennedy Half-Dollar Two-Roll Set (P & D) 34.50 2019 United States Mint Kennedy Half-Dollar 200-Coin Bag (P & D) 147.00 2019 United States Mint American InnovationTM $1 25-Coin Roll, Georgia, New Jersey, Pennsylvania, and Delaware (P & D) 34.50 2019 United States Mint Proof Set® 32.00 2019 United States Mint American InnovationTM $1 Coin-Bag, Georgia, New Jersey, Pennsylvania, and Delaware (P & D) 117.50 2019 United States Mint American InnovationTM $1 Reverse Proof Coin, Georgia, New Jersey, Pennsylvania, and Delaware 11.50 2019 United States Mint American InnovationTM $1 Coin Proof Set 24.00 2019 United States Mint America the Beautiful Quarters 3-Roll Set-River of No Return Wilderness (P, D, & S) 49.25 2019 United States Mint America the Beautiful Quarters 40-Coin Roll Set-River of No Return Wilderness (S) 19.75 2019 United States Mint America the Beautiful Quarters Two-Roll Set-River of No Return Wilderness (P & D) 34.50 2019 United States Mint America the Beautiful Quarters Proof SetTM 18.50 United States Mint America the Beautiful Quarters Three-Coin STM-Frank Church River of No Return Wilderness, San Antonio Missions National Historical Park, American Memorial Park, Lowell National Park, Block Island National Wildlife Refuge, Cumberland Island National Seashore, Voyageurs National Park, and Apostles Islands National Lakeshore (2018 and 2019) 11.50 2019 United States Mint America the Beautiful Quarters Circulating CoinTM Set 10.00 2019 United States Mint America the Beautiful Quarters 100-Coin Bag, Frank Church River of No Return Wilderness, (P, D, and S) 36.75 2018 United States Mint American InnovationTM $1 25-Coin Roll (P & D) 34.50 2018 United States Mint American InnovationTM $1 100 Coin Bag (P & D) 117.50 2018 United States Mint American InnovationTM $1 Proof Coin 11.50 With the exception of the 2021 Birth Set, all of the increases affect previous releases, and strangely enough, some are no longer on sale, such as the 2019 Proof Set. However, these prices are in line with their 2020 product counterparts. It doesn't appear the prices have changed on the website as of yet, but it's still very discouraging to see even more increases. That doesn't bode well for upcoming 2021 products. ANA and IBNS member YouTube channel 7070 type set Walking Liberty set Want list Trade list Report this Post to the Staff

atticguy Pillar of the Community United States 1373 Posts	Posted 01/01/2021 9:46 pm I guess they need the additional money to pay for another year of warehouse storage. Maybe one day I'll see all these Mint items on "Storage Wars". Report this Post to the Staff
sel_69l Bedrock of the Community Australia 21786 Posts	Posted 01/01/2021 10:16 pm The U.S. Mint has to meet it's forecast operational costs for the coming year, and to make a profit, just like any other business. What the collector has to bear in mind is that any Mint product bought in 2021, if they wish to re sell in the medium term 1-10 years or more, is what the (most probable) loss in value is likely be be. That sort of decision has to be based on past experience for re sale of mint product in the numismatic aftermarket, because nobody can see the future numismatic after market doing any different from what is happing now. Same for all other Mints and collectors Worldwide. Edited by sel_69l 01/02/2021 08:59 am Report this Post to the Staff
Kopper Ken Pillar of the Community United States 3402 Posts	Posted 01/02/2021 09:47 am It will get to a point...but before that the purchasers will be the losers. KK Report this Post to the Staff
CollegeBarbers Pillar of the Community United States 2608 Posts	Posted 01/03/2021 09:49 am Quote: What the collector has to bear in mind is that any Mint product bought in 2021, if they wish to re sell in the medium term 1-10 years or more, is what the (most probable) loss in value is likely be be. Quote: but before that the purchasers will be the losers. That's why I don't buy for profit or to resell; I buy what I like with the intention that product will stay in my collection for years of enjoyment. Unfortunately, though, if I can't afford to buy what I like, then the point becomes moot, and that's what's happening here. Also, the price increases have now taken effect. ANA and IBNS member YouTube channel 7070 type set Walking Liberty set Want list Trade list Report this Post to the Staff
jbuck Moderator United States 187702 Posts	Posted 01/04/2021 11:16 am Quote: That's why I don't buy for profit or to resell; I buy what I like with the intention that product will stay in my collection for years of enjoyment. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
Big-Kingdom Pillar of the Community United States 1667 Posts	Posted 01/04/2021 11:46 am I'm in the camp of "unless I NEED it, I'm not buying it" anymore. I'm wanting to be very selective and only buy what I know will sell out quickly and not tie my money up on the common stuff when it might sell at a discount on the secondary market anyways. Report this Post to the Staff
Bret Pillar of the Community United States 1913 Posts	Posted 01/07/2021 2:38 pm Quote: The U.S. Mint has to meet it's forecast operational costs for the coming year, and to make a profit, just like any other business. While they have to make a profit, I wouldn't say that it's just like any other business. They can only raise prices in the face of decreasing sales because they're a monopoly. Most businesses in a similar situation would have to compete harder by lowering prices and improving their products. In addition, unless they've become incredibly more inefficient, there's no way there operational costs have increased at near the rate their prices have. Edited by Bret 01/07/2021 2:41 pm Report this Post to the Staff
hfjacinto Pillar of the Community United States 7273 Posts	Posted 01/07/2021 4:22 pm I used to buy pretty regularly: 1) Uncirculated Mint Set 2) Proof ASE 3) Proof Sets 4) Innovation Dollars But I stopped a few years ago, other than the Innovation Dollars (and when there is an add/on) or an ASE that there is an Upside potential. I can get almost everything the mint sells locally for less (prior years), I mean ASE are $70, its a $26 (spot) piece of silver? I've picked up PROOF ASE locally for $46 to $52, still cheaper than the mint. The prices are just not worth it to me anymore. My Slabbed Dansco 7070 with Gold Page My Slabbed IHC Set My Slabbed 20th Century Type Set Report this Post to the Staff
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