The U S Mint Director, Ed Moy's Statements - Page 2

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biokemist6 Bedrock of the Community United States 12437 Posts	Posted 08/19/2009 10:33 pm That link is a .pdf file so you will need Adobe Reader(free software) Report this Post to the Staff
Morgans Dad Pillar of the Community United States 5632 Posts	Posted 08/20/2009 09:55 am Thanks Bio Report this Post to the Staff
Conder101 Bedrock of the Community United States 17884 Posts	Posted 08/21/2009 11:12 am Quote: Conder101, I must of been the exception to the exception, I returned 1 of the 2009-silver proof sets, because of the damaged coins, and was refunded my return shipping costs, actually was informed it will be in my hands in 2-3 weeks, They did give me a brief refund of $52.95 for the set and DID NOT refund the shipping cost to return or replace the set they are sending me, they kept the $4.95 original shipping charge and I would guess they applied it to the set they are sending me as the amount they charged me for the replacement set was $52.95. No you are not the exception, the Mint is losing money on shipping one your order. You ordere and paid the $4.95 shipping. The mint used that to pay to ship the set to you. You returned it and paid to ship it back. (At this point it gets little hairy. The Mint has never automatically refunded the return shipping, you have to contact them and specifically request it, then they would refund the return shipping. HOWEVER under a recent new rule change they announced that they would no longer reimburse for the return shipping. HOWEVER, several people have request shipping refunds since the new policy went into effect and have still received them.) The Mint did not refund your originaly shipping for the set, because they used it to send the set to you. But they did not charge you another shipping fee to send you the replacement set so they will be paying that out of their own pocket. So in effect you have paid two fees and had two shippings one to you and one return. The Mint has recived one shipping fee but is paying for two shippings original set and replacement. If you are able to request and receive reimbursement, you will be down to paying once and the Mint will be up to paying three times. (And frankly have you checked the shipping fees from the various shippers? A lot of the Mint stuff winds up going UPS and FedEx and you can't ship a package with them for $4.95 so the Mint is subsidizing the shipping anyway. The Mint LOSES money on shipping. Sometimes more than they make on the product.) Report this Post to the Staff
Morgans Dad Pillar of the Community United States 5632 Posts	Posted 08/21/2009 1:17 pm Conder101, I totally agree, that is what happened. I would also believe the U S Mint has a "volume" discount with the Fed-Ex or who ever, I use to work for the Largest tree company in the world, they had a "very nice" volume discount given to them at Fed-Ex and all who ship in huge bulk. I also did receive the cost of returning the proof set from the Treasury, I also included insurance and was paid in full.I received another set, although it is nicer than the one I returned, it has some shiny spots on the frosted relief and I figure I tried and am done, soon will be reducing my Mint orders to a bare minimum and hope the quality people come back to work since taking a leave of absence in early 1982!! Today, not to get off the subject, I read an article that the U S Mint is going broke, since 2003, because they say it costs 1.87 cents to make a cent and to make a nickel it costs them 8.37 cents to produce. They go on to say that Congress is the only entity to change this and there was a bill in 2008 proposing to change the coins composition but never made it to a vote, kind of leaves you to wonder what will the coinage of the next few years be made of, I hope it will last longer than the "melt-away copper plated zinc dispose a coin alloy!!" They also state they are not having the same"making no money on the other coins" problem. Report this Post to the Staff
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