I tend to think of it as more of a congressional mistake than anything. Since Congress is the only governmental body that can authorize the issuance of
US coinage, they have to create a legislative bill to make a new coin program. When the original legislation was written a few years back, it had a stipulation that all sales had to cease as of Dec 31, 2005. IMO that was an inherent flaw of the program. The Mint had three choices in this situation:
(1) reduce the mintage of the 2005 coins and hope you can meet demand
(2) destroy all remaining stocks of coins
(3) get Congress to change or amend the legislation
An addendum was added to the legislation that authorized the San Fransisco commemoratives. This allowed the Mint to sell remaining stocks legally.
I dont really feel sorry for people that bought a bunch of this stuff to try and make a profit. It was apparent (to me, at least) that most of the products weren't sold out at the end of last year and that meant that they would go on sale again as soon as it was congressionally approved. I was pretty darn sure that the Mint wasn't just going to destroy all of these collector issued coins. Why would they destroy something that they could still make money from sales?
Anyone remember the 1999 proof SBAs that were on sale until 2003 or the fact that the Mint still has 2001
Kennedy half rolls and bags for sale?