Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
300,000 items to help build your collection! Shop for APMEX Bullion on eBay!Vancouvers #1 Coin and Paper Money Dealer Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. Specializing in Modern Numismatics Coin, Banknote and Medal Collectors's Online Mall Join Thousands of Coin, Bullion, & Money Collectors








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

How Many People Will Cancel Their Orders From The Mint

To participate in the forum you must log in or register.
Author Previous TopicReplies: 44 / Views: 3,933Next Topic
Page: of 3
Pillar of the Community
shatsi's Avatar
United States
1541 Posts
 Posted 09/18/2006  09:51 am  Show Profile   Bookmark this reply Add shatsi to your friends list Get a Link to this Reply
I only ordered one set and will keep my order. However I doubt the reverse proof will be rare as the limit is 250,000.
Pillar of the Community
Ralph's Avatar
United States
1582 Posts
 Posted 09/18/2006  10:47 am  Show Profile   Bookmark this reply Add Ralph to your friends list Get a Link to this Reply
I've got a 2006 MS ASE with no mint mark, and a 2006 PROOF ASE with the W mint mark, but I'm assuming that these coins are not considered to be a part of the Anniversary Set. Is that correct? I bought each individually, and, at the time of purchase, I had no knowledge of an Anniversary Set.
Bedrock of the Community
Bryan1315's Avatar
United States
14454 Posts
 Posted 09/18/2006  12:51 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
quote:
Originally posted by Ralph

I've got a 2006 MS ASE with no mint mark, and a 2006 PROOF ASE with the W mint mark, but I'm assuming that these coins are not considered to be a part of the Anniversary Set. Is that correct? I bought each individually, and, at the time of purchase, I had no knowledge of an Anniversary Set.


yes you are correct those are just regular proof and uncirculated ASE's. The uncirculated in the anniv. set has the W mint mark because it was minted in WestPoint, where yours was minted in Philldelphia ( no mint mark). The W mint marked Uncirculated would have been one of the "key" coins from the set but now the mint is going to be selling the W mint ASE's individually so that made them pretty much worthless to collectors because there will be an unlimited supply of them
Valued Member
Berry's Avatar
United States
394 Posts
 Posted 09/18/2006  4:19 pm  Show Profile   Bookmark this reply Add Berry to your friends list Get a Link to this Reply
quote:
Originally posted by shatsi

I only ordered one set and will keep my order. However I doubt the reverse proof will be rare as the limit is 250,000.



Hello shatsi, I agree the reverse proof will never be rare, my thoughts were that it could become more valuable if fewer are sold by the mint. The major amount of the sets will be in the hands of the large dealers and they will then be able to control the price after the coin is no longer issued by the mint. I bought some for my children, who I hope will not get them for a few years yet, after I have departed this life...
Berry
Bedrock of the Community
United States
20753 Posts
 Posted 09/19/2006  07:02 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
I completely stopped ordering from the Mint. I'm to old to play their games and to old to wait so many years to see what value a proof or uncirc set may bring.
Valued Member
sandpaper's Avatar
United States
335 Posts
 Posted 09/19/2006  08:06 am  Show Profile   Bookmark this reply Add sandpaper to your friends list Get a Link to this Reply
I know that most of you know more than me,but in my opinion,you just can't tell about the short term values of the Mint products.Not to list them,but 1999 silver proof set,is one example.I guess it is a short list though.
Valued Member
fastfords1's Avatar
United States
179 Posts
 Posted 09/19/2006  08:36 am  Show Profile   Bookmark this reply Add fastfords1 to your friends list Get a Link to this Reply

What's a poor boy to do? The usmint just added $4000 to the cost of keeping a "W" set current by this announcement of the new unc W mintmarked bullion coins(which I am sure has been in the works for a long time, given how govt bureaucracies function). This after the double blows this year of the buffalo proof followed by the overdone 20th anniversary sets. This proliferation by the usmint will most likely result in a number, who knows how large, of collectors turning their backs on the usmint baubles and starting a collection of such things as Canadian silver 5 cent pieces!!! Which in turn will hurt demand, making the investors' hoped for price appreciation disappear in a shiny cloud of usmint glitter.

Please forgive me if this sounds like a rant, but the usmint bosses are risking pushing the collector community into a state of apathy toward new products, similar to the situation in the late 30's when similar excesses killed the early commemorative series. This latest orgy of excess had to have been authorized by the uscongress, but I missed it in the news, they must have buried it in the fine print of the president's wives gold rounds authorization bill!!!

To add injury to insult, this move really hurts those who ordered the 20th anniversary sets expecting the unc W mintmarked issues to be limited. It's no wonder I am joining the group who are cancelling orders...I refuse to play the usmint's games any longer...there are almost infinite alternatives to collecting modern usmint products...I suggest we all find one or several.

All the best to all,

Dennis
Pillar of the Community
United States
751 Posts
 Posted 09/19/2006  09:34 am  Show Profile   Bookmark this reply Add texasmick to your friends list Get a Link to this Reply
quote:
Originally posted by Bryan1315

The uncirculated in the anniv. set has the W mint mark because it was minted in WestPoint, where yours was minted in Philldelphia ( no mint mark).


Actually, Bryan, I'm pretty sure all the 2006 ASEs were minted at West Point. The uncirculated coins just typically lack the mint mark.
New Member
United States
1 Posts
 Posted 09/19/2006  10:00 am  Show Profile   Bookmark this reply Add mgk65 to your friends list Get a Link to this Reply
I ordered one of all three sets, but now, I will be cancelling the gold/silver unc set.

thanks for the heads up.

quote:
Originally posted by Bryan1315

Since the Mint had their press release that they will offer the Uncirculated ASE and AGE with the "W" mint mark seperately and not only in the 20th anniversary sets. I am seriously thinking about cancelling all my orders, I know it is still the only way to get the reverse proof but the other two coins are just regular coins now and its hard to pay such a price for one special coin especially when you thought there would be two coins that were special in the set. Here is the press release on the Mints website and please tell me what you think http://www.usmint.gov/pressroom/ind...lease&ID=712

Valued Member
The_Cave_Troll's Avatar
United States
218 Posts
 Posted 09/19/2006  10:33 am  Show Profile   Bookmark this reply Add The_Cave_Troll to your friends list Get a Link to this Reply
quote:
Originally posted by crystalk64

This is nothing more than another attempt by the U.S. Mint to control the secondary market. I know of NO other mint that make such an effort to keep their collector coins from going up in value after the initial sale. They figure if they flood the market no one will make any money except themselves on that ounce of silver?



I think the RCM is notorious for doing this too. They sell a limited edition coin and then later dump the rest into the market at a reduced price or even make more to fill their orders.
Pillar of the Community
TLS5933's Avatar
United States
1703 Posts
 Posted 09/19/2006  7:14 pm  Show Profile   Bookmark this reply Add TLS5933 to your friends list Get a Link to this Reply
I decided to keep my 3 silver set order,win,lose or draw.I still want them.
Valued Member
kg2blade's Avatar
United States
84 Posts
 Posted 09/19/2006  10:28 pm  Show Profile   Bookmark this reply Add kg2blade to your friends list Get a Link to this Reply
Okay, based on this thread...

The words "strictly limited to" on the US Mint website it not a literal meaning? It should state "at this time it is strictly limited to" so that collector and investor will at least know there is a possibility of the US Mint getting greedier at the end of the year...
New Member
SilverDollarMan's Avatar
United States
14 Posts
 Posted 09/20/2006  07:00 am  Show Profile   Bookmark this reply Add SilverDollarMan to your friends list Get a Link to this Reply
quote:
Originally posted by just carl

I completely stopped ordering from the Mint. I'm to old to play their games and to old to wait so many years to see what value a proof or uncirc set may bring.



Ditto, I canceled my act.
New Member
United States
16 Posts
 Posted 09/20/2006  9:40 pm  Show Profile   Bookmark this reply Add SoHumble to your friends list Get a Link to this Reply
If the reverse proof is limited to 250,000 it will be the second rarest SAE proof behind the 1995W with a mintage of 30,125. The next rarest are these:

1993-P Eagle 403,625
1994-P Eagle 372,168
1995-P Eagle 395,400

If you price these coins you will see that all are worth over $100. How can the reverse proof be worth less down the road? I'm not cancelling my 3 piece silver sets and can't see why so many others are.

ps

I did cancel gold silver set.
New Member
Ringo's Avatar
United States
1 Posts
 Posted 09/20/2006  10:55 pm  Show Profile   Bookmark this reply Add Ringo to your friends list Get a Link to this Reply
Does anyone know the production numbers for the 2006 ASE "w" uncirculated? I would like to know the totals including the Anniversary sets. I think I will be cancelling my order for gold/silver set also, think I'll keep the silver!
  Previous TopicReplies: 44 / Views: 3,933Next Topic
Page: of 3

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.51 seconds to rattle this change. Forums