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Is The US Mint Going Overboard?

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Fatcat161's Avatar
United States
277 Posts
 Posted 01/14/2009  09:12 am  Show Profile   Bookmark this reply Add Fatcat161 to your friends list Get a Link to this Reply
As stated elsewhere, I too dislike the parks quarter idea. I do however like the short series changes such as Westward Journey and the Lincoln Cent changes this year. They are short, to the point and the usher in a permanent design change. They can be thought of as ending an old series or starting a new one or part of a long running series (different people have different views on this).

Fatcat
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eaglefoot's Avatar
United States
6326 Posts
 Posted 01/14/2009  09:27 am  Show Profile   Bookmark this reply Add eaglefoot to your friends list Get a Link to this Reply
Greed, Money, Capitolism, Manifest Destiny, Power, Self Indulgence, Self Empowerment, Self Gratification, Mismanagement of affairs of the common man........these are some of the reasons we have the Congress that we have who decides these things.
What makes them happy and can make them money are the two leading factors......geniune coin collectors will just have to "muddle through" and collect what they deem worthy along the way !
Edited by eaglefoot
01/14/2009 09:29 am
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jbuck's Avatar
United States
188440 Posts
 Posted 01/14/2009  11:16 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
I do however like the short series changes such as Westward Journey and the Lincoln Cent changes this year. They are short, to the point and the usher in a permanent design change. They can be thought of as ending an old series or starting a new one or part of a long running series (different people have different views on this).
I can appreciate this point-of-view.

Quote:
What makes them happy and can make them money are the two leading factors
I agree. More often than not our elected representatives only represent their own interests, not those of their constituency as a whole.
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biokemist6's Avatar
United States
12437 Posts
 Posted 01/14/2009  12:18 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply

Quote:
How can they be called coins when they don't circulate and are just bullion items

If it is monetized with a denomination, then it is a coin. Without a denomination, it is just a medal or bullion round.

Quote:
Congress sees the mint as a way to suck more money out of the public, more money = more power. Also the prestige of being able to have something for posterity, like Ted Kennedy getting a commemorative for his sister and when he kicks off we'll be able to buy a commemorative of him too.

The coin was for a good cause but Eunice is an ugly cuss, isn't she Unfortunately, some members of Congress have recently learned that the US Mint actually makes a profit through seigniorage and numismatic sales so they are trying to milk it for all its worth at the expense of coin collectors and eventually to the detriment of the hobby
Edited by biokemist6
01/14/2009 12:19 pm
Valued Member
United States
470 Posts
 Posted 01/14/2009  6:27 pm  Show Profile   Bookmark this reply Add Andrew289 to your friends list Get a Link to this Reply
Well Christian, I couldn't disagree more.
I love the new Lincoln designs and I'm looking forward to the National Park Series. Its great to see the mint employ a team of artist and create new reverses several time a year. It help keep the coinage fresh and current.

Keep them coming Mr. Moy.

No one ever said that you had to collect everything. If it's not for you don't collect it...that's easier than complaining to your cronies but not as fun ....hahahaha. The DC quarter comes out on Friday ! Yippppeeeeeee.

No matter what the Mint does or doesn't do, it seems that are never a shortage of complainers.
Edited by Andrew289
01/14/2009 6:30 pm
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KurtS's Avatar
United States
5318 Posts
 Posted 01/14/2009  7:40 pm  Show Profile   Bookmark this reply Add KurtS to your friends list Get a Link to this Reply
I don't mind hearing some healthy debate on reasons why we do or do not collect particular coins. We all have opinions; that makes the hobby interesting.
The way I see it, every coin design originated as art, which is always fair game for critique. Coins and art have been criticized for centuries.
In fact, one of my favorite US coins, the Flying Eagle cent, was described as a "flying dinner napkin" upon its release.

Is-The-US-Mint-Going-Overboard?
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Gary Burke's Avatar
United States
3730 Posts
 Posted 01/15/2009  03:10 am  Show Profile   Bookmark this reply Add Gary Burke to your friends list Get a Link to this Reply
From one extreme to the other!

When I started collecting in the 1950's, there were only the usual circulating coins to collect. Period. Now, the Government has discovered it has a real cash cow to feed off of, and the different designs will just keep coming, and coming, and...
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halfabustisbetter's Avatar
United States
1984 Posts
 Posted 01/15/2009  03:25 am  Show Profile   Bookmark this reply Add halfabustisbetter to your friends list Get a Link to this Reply
I think it's great.

There are products to fit everyone's budget unless you have zero dollars. And, don't forget, with so many products there are more opportunities for errors and varities.

It's numismatics, and I embrace the bounty, even as I try to discriminate using my own personal idea of what is trash and what is treasure.
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jbuck's Avatar
United States
188440 Posts
 Posted 01/15/2009  11:29 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
No one ever said that you had to collect everything.
Exactly!
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Spider5689's Avatar
United States
2269 Posts
 Posted 01/15/2009  11:35 am  Show Profile   Bookmark this reply Add Spider5689 to your friends list Get a Link to this Reply
I think the mint is doing what it does best, flooding the market with useless products. At least they rid themselves of the State Quarter Spoons.
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Amazon99's Avatar
United States
2443 Posts
 Posted 01/15/2009  6:10 pm  Show Profile   Bookmark this reply Add Amazon99 to your friends list Get a Link to this Reply
Overboard is an understatement. It makes them money, so they'll keep on doing it.
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wd1040's Avatar
United States
3098 Posts
 Posted 01/15/2009  6:13 pm  Show Profile   Bookmark this reply Add wd1040 to your friends list Get a Link to this Reply

Quote:
It makes them money, so they'll keep on doing it.


Welcome to America. If it makes money, then do it, even if it's not popular.
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