200K people like you are willing to pay nearly $100 for an ounce of silver. Six times per year. They exist to exploit that demand, and will continue raising prices and lowering mintages until you and the others are cured of your compulsion. Enjoy!
You write that as if it's somehow evil for the Mint to meet that demand, at a price people are willing to pay. Odd.
200K people like you are willing to pay nearly $100 for an ounce of silver. Six times per year. They exist to exploit that demand, and will continue raising prices and lowering mintages until you and the others are cured of your compulsion. Enjoy!
You write that as if it's somehow evil for the Mint to meet that demand, at a price people are willing to pay. Odd.
It comes off a bit strong, but he means that “they” [peace dollars] exist” and that [the administrators] will continue to…
200K people like you are willing to pay nearly $100 for an ounce of silver. Six times per year. They exist to exploit that demand, and will continue raising prices and lowering mintages until you and the others are cured of your compulsion. Enjoy!
You write that as if it's somehow evil for the Mint to meet that demand, at a price people are willing to pay. Odd.
No, you are conflating different points I made in different posts. Yes, I think they are pigs for charging $91 for an ounce of silver with a mintage of 275K. And the market is spanking them as a result.
Different point from reassuring someone that as long as they can sell around 200K ounces of silver for $91+, that they will happily continue to do so. And that, as sales inevitably decline as a result of the high price, they will just keep raising prices to cover allocations of fixed costs, in addition to the variable costs they should be focused on, until they entirely kill demand, or as I stated above "cure people of their compulsion."
Nothing evil about it. Just foolish, because they could nurture more demand, AND generate more profit for the US Treasury, by not insisting on making so much per coin.
Presented for a better view of delivered mintages of the Morgan & Peace 2023 & 2021.
I was turned off by privy mintmarks so passed on 2021, later decided I needed a 2021 PEACE $ made at the Mint it represented. That cost me $250 handpicked from the litter PCGS 69, flawless like a 70 that will never get resubmitted by me.
@Mr Lindy said:
Delivered Morgan & Peace Proof Mintages lower than last two weeks.
Returns are happening.
Proof Morgans down 20k, Proof Peace down 13k
If you purchase now do you receive someone's return or get a fresh new one ?
Yes. If there is nothing wrong with a return, other than buyer's remorse or the fact that it's not a 70, there is no reason for them not to send it to you. As a result, you either get a return or a "fresh" one, depending on what is sitting on the shelf when they go to fill your order.
The US Mint is not Amazon, where returns get sold in bulk to liquidators at a deep discount. They are either destroyed if they are damaged, or they are returned to stock and sold as new, since there is no such thing as a "used" uncirculated or proof US Mint product.
Delivered 2024 Morgan & Peace production numbers remain below first weeks of Unc & Proof release
Buyers remorse, or QC, or ?
2024 Gold, Platinum & Palladium deliveries.
I keep reading the Mint destroys unsold precious metal coins and their custom made holders. Yet every once in a while they offer up various items as is. Last month's AS-IS offer reached back to 2018 issues. Anybody have a link in last decade that confirms US Mint melts their years old unsold products inventory ?
I purchased two Morgans and two Peace dollars at the Tampa show at the ridiculous price of $95 each. Dropped them at CACG with a few other moderns. Three graded 70 DC and one Peace dollar was a 69 DC. I know it was a waste of time and money.
@Mr Lindy said:
For the cannot sleep coin collectors.
Just now I see a pair of 2024 Morgan & Peace Proofs below $95 each issue price.
10 minute segment in their half hour informercial.
Video shows proofs with production flaws, no perfection claims are made.
Glad I cancelled my 2024 cameo proof subscription.
That's CRAZY, for TV. Makes you wonder what the actual value is. Just shows that dealers are sitting on a bunch of them, and that they are not moving.
Also makes you wonder where the Flowing Hair medals are going to settle, given that they were issued at a even higher price, albeit with a lower mintage. But dealers are also going to be sitting on a bunch of them that they had to buy from the Mint in order to get the coveted ones with privys.
@Mr Lindy said:
Delivered 2024 Morgan & Peace production numbers remain below first weeks of Unc & Proof release
Buyers remorse, or QC, or ?
2024 Gold, Platinum & Palladium deliveries.
I keep reading the Mint destroys unsold precious metal coins and their custom made holders. Yet every once in a while they offer up various items as is. Last month's AS-IS offer reached back to 2018 issues. Anybody have a link in last decade that confirms US Mint melts their years old unsold products inventory ?
They absolutely do NOT do this. Damaged items that are returned are melted. Buyer's remorse items, 69s, etc. are placed back on sale.
Why on earth would the Mint destroy a perfectly fine item that it cost money to produce, and which it sells at a premium to its production cost, just because a perfectionist returned it? They wouldn't!
You don't need a link, because you already know the answer. If what you keep reading was true, you wouldn't see anything on their website in a precious metal with a date prior to 2024. And, of course, there would never be a need to have an as-is clearance sale.
It's just not. The only thing that is true is that they do not always produce up to the maximum mintage if the demand is not there. That's what accounts for final mintages many times being less than the maximum. Certainly not the wholesale destruction of returned items.
75K sell out of 2024 230th $ slowly heading up just below 50,000 last two weeks in spite of 75k sell out in one day.
I wonder if the return of no privy marks is being reflected in slight upward movement ?
2024 Morgan and Peace Proofs still below first week deliveries, lots of returns still in inventory, or ?
And rounding out 2024 Precious metals production numbers, none sold out
2023 Morgan Peace proof still 40k and 70k below sell out:
Comments
What do you expect for a mere $95? 🤣
You write that as if it's somehow evil for the Mint to meet that demand, at a price people are willing to pay. Odd.
You got a box? I ordered 2 of each and they came in 2 bubble mailers.
Throw a coin enough times, and suppose one day it lands on its edge.
It comes off a bit strong, but he means that “they” [peace dollars] exist” and that [the administrators] will continue to…
No, you are conflating different points I made in different posts. Yes, I think they are pigs for charging $91 for an ounce of silver with a mintage of 275K. And the market is spanking them as a result.
Different point from reassuring someone that as long as they can sell around 200K ounces of silver for $91+, that they will happily continue to do so. And that, as sales inevitably decline as a result of the high price, they will just keep raising prices to cover allocations of fixed costs, in addition to the variable costs they should be focused on, until they entirely kill demand, or as I stated above "cure people of their compulsion."
Nothing evil about it. Just foolish, because they could nurture more demand, AND generate more profit for the US Treasury, by not insisting on making so much per coin.
Production week number two which includes 2024S Morgan & Peace, max mintage 300,000.
And current sales of other metals for 2024 in Gold, Platinum, Palladium
Household Order Limit of 25 each are removed
The HHL of 5 remains for Reverse Proofs, 262,500 max mintage
Week over last week's move appear flat, well up about 1,000 units for each die pair
Other metals week over week move. I wonder if they'll produce the limits ?
Put them 2024 $ proofs in plastic, here's one offer:
Presented for a better view of delivered mintages of the Morgan & Peace 2023 & 2021.
I was turned off by privy mintmarks so passed on 2021, later decided I needed a 2021 PEACE $ made at the Mint it represented. That cost me $250 handpicked from the litter PCGS 69, flawless like a 70 that will never get resubmitted by me.
I bought 2021's but that was my one-and-done. No CC's or O's because they weren't actually made at those mints.
A Barber Quartet is made up of Nickels, Dimes, Quarters, and Halves.
Might buy a few if can get at 20 pct behind bid.
Delivered Morgan & Peace Proof Mintages lower than last two weeks.
Returns are happening.
Proof Morgans down 20k, Proof Peace down 13k
If you purchase now do you receive someone's return or get a fresh new one ?
Yes. If there is nothing wrong with a return, other than buyer's remorse or the fact that it's not a 70, there is no reason for them not to send it to you. As a result, you either get a return or a "fresh" one, depending on what is sitting on the shelf when they go to fill your order.
The US Mint is not Amazon, where returns get sold in bulk to liquidators at a deep discount. They are either destroyed if they are damaged, or they are returned to stock and sold as new, since there is no such thing as a "used" uncirculated or proof US Mint product.
That is a lot of returns.
My US Mint Commemorative Medal Set
Delivered 2024 Morgan & Peace production numbers remain below first weeks of Unc & Proof release
Buyers remorse, or QC, or ?
2024 Gold, Platinum & Palladium deliveries.
I keep reading the Mint destroys unsold precious metal coins and their custom made holders. Yet every once in a while they offer up various items as is. Last month's AS-IS offer reached back to 2018 issues. Anybody have a link in last decade that confirms US Mint melts their years old unsold products inventory ?
For the cannot sleep coin collectors.
Just now I see a pair of 2024 Morgan & Peace Proofs below $95 each issue price.
10 minute segment in their half hour informercial.
Video shows proofs with production flaws, no perfection claims are made.
Glad I cancelled my 2024 cameo proof subscription.
I purchased two Morgans and two Peace dollars at the Tampa show at the ridiculous price of $95 each. Dropped them at CACG with a few other moderns. Three graded 70 DC and one Peace dollar was a 69 DC. I know it was a waste of time and money.
That's CRAZY, for TV. Makes you wonder what the actual value is. Just shows that dealers are sitting on a bunch of them, and that they are not moving.
Also makes you wonder where the Flowing Hair medals are going to settle, given that they were issued at a even higher price, albeit with a lower mintage. But dealers are also going to be sitting on a bunch of them that they had to buy from the Mint in order to get the coveted ones with privys.
They absolutely do NOT do this. Damaged items that are returned are melted. Buyer's remorse items, 69s, etc. are placed back on sale.
Why on earth would the Mint destroy a perfectly fine item that it cost money to produce, and which it sells at a premium to its production cost, just because a perfectionist returned it? They wouldn't!
You don't need a link, because you already know the answer. If what you keep reading was true, you wouldn't see anything on their website in a precious metal with a date prior to 2024. And, of course, there would never be a need to have an as-is clearance sale.
It's just not. The only thing that is true is that they do not always produce up to the maximum mintage if the demand is not there. That's what accounts for final mintages many times being less than the maximum. Certainly not the wholesale destruction of returned items.
2024 Morgan & Peace delivered numbers were posted this morning. Still below their initial numbers.
And how are other precious metal items doing with the ongoing elevated mark up over spot ?
75K sell out of 2024 230th $ slowly heading up just below 50,000 last two weeks in spite of 75k sell out in one day.
I wonder if the return of no privy marks is being reflected in slight upward movement ?
2024 Morgan and Peace Proofs still below first week deliveries, lots of returns still in inventory, or ?
And rounding out 2024 Precious metals production numbers, none sold out
2023 Morgan Peace proof still 40k and 70k below sell out: