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U.S. Mint announces plans for circulating rarity
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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]
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Paul
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Daniel
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Re: U.S. Mint announces plans for circulating rarity
As a dealer we must deal with this everyday when it comes to after market mint products. Here's a statement from the mint that highlights part of the issue.
"The Mint has to revamp its offerings to stem a continually eroding customer base. Ryder said when he served as the 34th U.S. Mint director beginning in 1992, the bureau had a mailings list boasting 2 million names. When he took office this spring at the 39th Mint director, Ryder said the customer profile had dwindled to roughly 500,000." Quote Mint Director David J. Ryder
We don't make this stuff up just to rip off people who come to sell. Mint product prices are down as soon as the coin is bought by a collector, near 99% of the time.
It has gotten so bad that the mint is even considering releasing a purposeful rarity into circulation in 2019. Plus release special editions to appeal to the youth to help stimulate the collectors market.
In my opinion they need to curb production costs so they can sell the coins at more realistic values as well. But this is an interesting development.
"The Mint has to revamp its offerings to stem a continually eroding customer base. Ryder said when he served as the 34th U.S. Mint director beginning in 1992, the bureau had a mailings list boasting 2 million names. When he took office this spring at the 39th Mint director, Ryder said the customer profile had dwindled to roughly 500,000." Quote Mint Director David J. Ryder
We don't make this stuff up just to rip off people who come to sell. Mint product prices are down as soon as the coin is bought by a collector, near 99% of the time.
It has gotten so bad that the mint is even considering releasing a purposeful rarity into circulation in 2019. Plus release special editions to appeal to the youth to help stimulate the collectors market.
In my opinion they need to curb production costs so they can sell the coins at more realistic values as well. But this is an interesting development.
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mhonzell
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Re: U.S. Mint announces plans for circulating rarity
Worse than driving a car off the sale's lot.Daniel wrote:In my opinion they need to curb production costs so they can sell the coins at more realistic values as well.
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PetesPockets55
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Re: U.S. Mint announces plans for circulating rarity
So they normally want us to save, collect and buy items they sell at a premium, but not collect the stuff they make for circulation?
They don't say what the intentional "rarity" will be.
Any guesses?
I'll start the list....... A proof coin for circulation with a special design feature to separate it from a normal proof.
(A higher denomination coin tho, so it generates more income than it costs to produce it!!!)
They may even be waiting for collectors to weigh in, to see which "rarity" might generate the most buzz and bang for their buck.
They don't say what the intentional "rarity" will be.
Any guesses?
I'll start the list....... A proof coin for circulation with a special design feature to separate it from a normal proof.
(A higher denomination coin tho, so it generates more income than it costs to produce it!!!)
They may even be waiting for collectors to weigh in, to see which "rarity" might generate the most buzz and bang for their buck.
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Daniel
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Re: U.S. Mint announces plans for circulating rarity
I think they should release a quarter with a low mintage or even a cent. I only have a guess on what it will be since all I know is what is in the article.
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Paul
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PetesPockets55
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Re: U.S. Mint announces plans for circulating rarity
lol:
I wonder if they would put them in storage like they do the dollar coins? hugeeyes
That would increase the rarity even more!!! Make billions and only release one. lol:
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