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Buyers From Mint Down By 25%

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SilverFossil64's Avatar
United States
183 Posts
 Posted 01/23/2011  01:16 am  Show Profile   Bookmark this reply Add SilverFossil64 to your friends list Get a Link to this Reply
Agree on the too many choices comment. So many different things out there, many people probably stuck trying to figure out what to get,
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redlock's Avatar
Germany
992 Posts
 Posted 01/24/2011  04:29 am  Show Profile   Bookmark this reply Add redlock to your friends list Get a Link to this Reply
---I think the weak US economy is the main (but not the only) reason for the drop in profits

---If you wants to raise the Mint's profits I suggest that you finally get rid of the One Dollar bank note and thus start a real effort to introduce the $1 coin into circulation.
It would save money in the long run (haven't there been reports claiming it would go into the hundreds of millions) and make extra profits for the mint
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ayejay1974's Avatar
United States
314 Posts
 Posted 01/24/2011  07:45 am  Show Profile   Bookmark this reply Add ayejay1974 to your friends list Get a Link to this Reply
Yes it would save money to trash the dollar bill and force the dollar coins. For starters they would be removing one item out of the Federal Reserves hands, and relying on our own government mint. That would be a good first step to getting rid of those evil crooks.
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jbuck's Avatar
United States
188440 Posts
 Posted 01/24/2011  5:41 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
You can get a set of the proof presidents, but if you buy a proof set and a silver proof set to get the other coins you wind up with THREE sets of the proof presidents.
I have sent more than one e-mail suggesting that if the mint offered a combination clad & silver proof set, I would buy it.
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Conder101's Avatar
United States
17884 Posts
 Posted 01/25/2011  12:46 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
The problem is that if they took your suggestion they would simply ADD that set option and not remove any of the others.
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jbuck's Avatar
United States
188440 Posts
 Posted 01/25/2011  3:35 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
I have no problem with that. Some people want silver, some want clad. I want both because I have holes for both. I do not like having the duplicates when buying both sets. I am currently buying just the full silver proof set, clad quarter set, and finding the last three clad coins at coin shows.
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United States
958 Posts
 Posted 01/25/2011  10:55 pm  Show Profile   Bookmark this reply Add coppertop5150 to your friends list Get a Link to this Reply
I think its due to economic conditions overall.
When it comes to food and shelter versus a mint set , Food and shelter wins everytime.
Lots of unemployed and out of work people in alot of areas .
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Conder101's Avatar
United States
17884 Posts
 Posted 01/26/2011  4:17 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
I have no problem with that. Some people want silver, some want clad. I want both because I have holes for both.

The problem is a lot of collectors want to try and get one of everything the mint makes. he less affluent of these naturally can't get the gold and platinum coins, but they do try for the sets and the silver coins. They used to have a mint set and a proof set. Maybe a proof silver eagle and a commem dollar or two. Now they also have the silver proof set, the quarter set, the silver quarter set, the proof dollar set, maybe a special set with one of the commem dollars, then the roll set of cents, and five rolls sets of quarters, a roll set of halves, and six roll sets of dollars! Then add in the big price increases and a lot of them have said the heck with it.

One other possibility is there were a lot more customers in 2009 because they wanted those cents. This year they didn't come back.
Edited by Conder101
01/26/2011 4:24 pm
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jbuck's Avatar
United States
188440 Posts
 Posted 01/26/2011  5:20 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
The problem is a lot of collectors want to try and get one of everything the mint makes.
I have said it many times before... just because the mint sells it does not mean you have to buy it. People that complain that the mint is making too many products for this reason can easily choose to quit buying everything they make.

I am not saying that these people are idiots. I am just as guilty by feeling that I need to fill every hole in my Dansco albums. I could have easily bought albums that omit the proofs (solving my previously stated proof set dilemma) and I am under no real obligation to put a coin in that 1922-D "Plain" hole!
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