U.S. Mint views collectors as cash cows to be milked at will

If it doesn't fit anywhere else, POST IT HERE. Numismatic related posts only.

Moderator: Daniel

Forum rules
Here's a link to how to post a topic with images in our community https://coinauctionshelp.com/welcome-to ... community/

___________________________________________________________________________________________________________

You also agree to follow these guidelines. You must agree to these rules to be a member of this forum. NO SPAM! Spam is deleted within minutes, no spam will ever be left in our community.

1. Post a front and back image of your coin with a specific question about what you’re seeing or asking about and one coin per topic.

2. Please remove coin from the holder unless it’s US or an official mint case or unless it is graded by a grading service.

3. Images should be taken by a camera or cell phone camera, we ask that members don’t use images through a microscope screen.

4. Always start your own topic, please don’t ask about your coin or post your coin in someone else’s coin topic.

5. Do not send private messages about your coin unless an Admin ask you too and the same for sending emails through the board.

6. No spam. Do not post any links to your coin or other non-coin websites.

7. Always be respectful even if something makes you upset or you don’t agree with a member. You can always get a second opinion elsewhere. If you have an issue then politely ask an admin in an PM. PM’s are for issues, technical and personal, but not for coin questions (refer to number 5 on this list). Our community is not a soap box for complaining or drama, so please refrain from doing so here.[/size]
Post Reply
Message
Author
User avatar
Daniel
Administrator
Administrator
Posts: 26464
Joined: Wed Jan 28, 2009 4:59 pm
Location: Ohio
Has thanked: 1142 times
Been thanked: 4150 times
Contact:

U.S. Mint views collectors as cash cows to be milked at will

#1 Unread post by Daniel »

This article rang true with me and one reason I don't buy modern mint products. I have seen this instance happen too many times, and often have to disappoint people who would like to sell me their coin sets that have dropped in value compared to what they paid for them.
http://www.coinworld.com/articles/u-s-m ... ws-to-be-/

User avatar
fwd
Coin Expert
Posts: 1152
Joined: Sat Jun 20, 2009 10:42 am
Location: penna.
Been thanked: 1 time

Re: U.S. Mint views collectors as cash cows to be milked at

#2 Unread post by fwd »

Daniel wrote:This article rang true with me and one reason I don't buy modern mint products. I have seen this instance happen too many times, and often have to disappoint people who would like to sell me their coin sets that have dropped in value compared to what they paid for them.
http://www.coinworld.com/articles/u-s-m ... ws-to-be-/
...the mint really started annoying me when they tacked on the $12.50 shipping for the direct

ship program. it's bad enough the banks don't get the coins from the feds but worse when the

mint actually started the program to encourage US to help circulate these bus tokens!

WOW
! they are disappointing to many of us!
:w

User avatar
clyde
Coin Wizz
Posts: 361
Joined: Tue Nov 30, 2010 1:35 pm
Location: Brunswick, GA
Contact:

Re: U.S. Mint views collectors as cash cows to be milked at

#3 Unread post by clyde »

WOW[/b]! they are disappointing to many of us![/color] :w[/quote]


:agree: :w

Maineman750
Forum Supporter
Forum Supporter
Posts: 1289
Joined: Sun Jul 18, 2010 9:03 pm
Location: Fayetteville,Pa

Re: U.S. Mint views collectors as cash cows to be milked at

#4 Unread post by Maineman750 »

Haven't bought anything from the mint since 96...it just got too commercialized for me.
Roger

User avatar
Nolifeking
Coin Expert
Posts: 1435
Joined: Mon Nov 09, 2009 1:22 am
Location: Wisconsin
Been thanked: 1 time

Re: U.S. Mint views collectors as cash cows to be milked at

#5 Unread post by Nolifeking »

Yea the last and only purchased I made was for a 2009 Silver proof set. Despite how high it was I made a good investment considering silver price doubled since I bought it. Right now they sell on ebay for more than I paid for it so I'm happy. Other than that I don't have really any ambition to get anything from the mint. The direct ship program would have been nice to try out, but I guess I waited too long. Now I have to pay shipping :l

Post Reply
  • Similar Topics
    Replies
    Views
    Last post