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More Price Increases - Clad Products

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cptbilly's Avatar
United States
1970 Posts
 Posted 12/24/2024  08:41 am  Show Profile   Bookmark this reply Add cptbilly to your friends list Get a Link to this Reply

Quote:
Are people wrong in expecting a new coin to be Brand New , Free of All defects, IMO Yes....


For what the US Mint is charging, I do expect new coins and silver medals to be free of defects.
" Even a clock that's stopped is right twice a day. "
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Morgans Dad's Avatar
United States
5615 Posts
 Posted 12/24/2024  11:40 am  Show Profile   Bookmark this reply Add Morgans Dad to your friends list Get a Link to this Reply
With The Capt.....



I get Excited....
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NumisEd's Avatar
United States
5191 Posts
 Posted 12/24/2024  12:57 pm  Show Profile   Bookmark this reply Add NumisEd to your friends list Get a Link to this Reply
I never bought a thing from the US Mint. The quarter sets I did buy was from the aftermarket, for much less than the initial sales price.
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BStrauss3's Avatar
United States
4592 Posts
 Posted 12/24/2024  1:45 pm  Show Profile   Bookmark this reply Add BStrauss3 to your friends list Get a Link to this Reply
"Cost recovery basis" means no net costs to the taxpayer. They can even run slightly above costs and return the surplus to the general fund.

My issue is that the mint exists to make circulation coins. Not to make collector coins, that's a side business.

And it seems that a disproportionate amount of overhead and fixed costs are being born by the collectors.

Yet if you look at the mint director's report collector coins are the dog and circulation coins are the tail...


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-----Burton
50+ year / Life / Emeritus ANA member (joined 12/1/1973)
Life member: Numismatics International, CONECA
Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club
Owned by three cats and a wife of 40+ years (joined 1983)

Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
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Corbe's Avatar
United States
292 Posts
 Posted 12/24/2024  3:42 pm  Show Profile   Bookmark this reply Add Corbe to your friends list Get a Link to this Reply
OTOH, I would be concerned if stamping out zillions of acceptable mass produced circulating clad coins dumped into 55 gallon barrels wasn't a cheap exact science at this point.

It is frustrating that they set up to make a small run of collector's coin and then don't even make enough to satisfy demand. That seems like a huge waste on their end for reducing overhead per specialty coin.
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jbuck's Avatar
United States
188770 Posts
 Posted 12/24/2024  4:50 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
There are many things I wish the Mint did better, but I am reluctant to complain because I can imagine many more things that would make it many times worse.
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Morgans Dad's Avatar
United States
5615 Posts
 Posted 12/25/2024  06:12 am  Show Profile   Bookmark this reply Add Morgans Dad to your friends list Get a Link to this Reply
BStrauss3, Thank you for your time and reply, ......






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triggersmob's Avatar
Australia
9412 Posts
 Posted 12/25/2024  07:27 am  Show Profile   Bookmark this reply Add triggersmob to your friends list Get a Link to this Reply

Quote:
$36.25 to buy $25 worth of coins in a roll just feels ridiculous.

Gee, you guys have got it good.

A $20 roll of $1 coins is Australia will cost you $55 for heads or tails showing on both ends, if you want heads on one end and tails on the other (Premium roll) it will be $60. This years uncirculated coin set contains $3.85 worth of coins and sells for $40. Oh, and $10 minimum postage on top of that if you buy from the mint.
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jbuck's Avatar
United States
188770 Posts
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Sharks's Avatar
Canada
1766 Posts
 Posted 12/26/2024  2:48 pm  Show Profile   Bookmark this reply Add Sharks to your friends list Get a Link to this Reply

Quote:
Gee, you guys have got it good.....


And I thought the RCM was cashing in on a good thing.

Classic Uncirculated Set (2024) $26.95 CAD, $3.95 face value. (mintage 100,000)
Edited by Sharks
12/26/2024 2:57 pm
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