Mint Misses Money Making Opportunity!

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Author	Replies: 4 / Views: 1,125
howell1018 Pillar of the Community United States 718 Posts	Posted 09/04/2021 4:51 pm Got my end of the month Coin World and read an article they had about the history of the quarter eagle which began with the 1796 issue. Did the math and realized that this was 225 years ago! We had reissues of the 1916 coinage, and this year Morgan dollars (assuming they get sent out). Why not a commemorative quarter eagle with the original design. They can change the design to 2021, or 1796-2021 or whatever they want because they're the mint. I think with gold around $1,800 $500 would be a fair price to charge, so set issue price at $1,000. Better yet, charge $3,000 and limit production to 1,796 pieces! Still 4 months to go in 2021, I think they can get it done. Report this Post to the Staff

ijn1944 Bedrock of the Community United States 19143 Posts	Posted 09/04/2021 5:22 pm Maybe aim for the 250 year threshold. Report this Post to the Staff
halfamind Pillar of the Community United States 1484 Posts	Posted 09/04/2021 5:56 pm 225 years of the U.S. Mint got us a P on the 2017 Lincoln Shield cents. Probably too much to ask to do something special for 225 years of quarter dollars. Report this Post to the Staff
Winesteven Pillar of the Community United States 697 Posts	Posted 09/04/2021 8:49 pm I believe one of the main reasons the U.S. Mint has such a poor reputation with collectors (and now we read that Congress authorized an investigation into many aspects of the Mint's practices) is because of the relatively recent practices of setting low production limits. In my opinion, all new issues should have a brief but open early ordering period, such as a week, perhaps with a household limit of two or three. This way, everyone who wants one can get one, yet with that limited period, it then lets the Mint know how many to produce. This method will then keep "the big boys" from squeezing out collectors! Based on the above, I would not be in favor of the Mint limiting production to only 1,796, or any other small number, although I'm very much in favor of bringing back old classic designs (and mainly in the diameters and weights of the originals, or at least close to it). This concept of bringing back old designs can spur interest of some to start collecting those originals, and others like it! Steve A day without fine wine and working on your coin collection is like a day without sunshine! My collecting "Pride & Joy" is my PCGS Registry Dansco 7070 Set: https://www.PCGS.com/setregistry/ty...edset/213996 Edited by Winesteven 09/04/2021 8:51 pm Report this Post to the Staff
sel_69l Bedrock of the Community Australia 21786 Posts	Posted 09/04/2021 9:01 pm To very obviously distinguish between to original issue and a modern collectors' issue all that needs to be don e is produce the modern version in mirror proof cameo. From the Mint's point of view, the minimum price that they can charge for the modern version has to cover the costs of die preparation, production costs, packaging, precious metal costs, distribution and marketing costs, as well as a reasonable profit. All of these costs have to be carried by the income that can be generated, by the total number of examples produced, and the price charged. As I understand it, the U.S. Mint lost a considerable amount of money in their production of the 2009 gold Double Eagle. Nowhere enough were produced, or a high enough price was charged, to cover all of the abovementioned costs. Report this Post to the Staff
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