What do you think will happen if the U.S. Mint starts selling colorized coins?

wallstreetman

Ive been collecting Canadian coins lately but Im kind of being turned off by the fact of them selling colorized coins! I think it makes them lose credibility, whats next, Pokemon Coins? I hope the U.S. Mint doesnt start this, unless they put them into circulation!

mrdq

shut your trap! who cares what YOU think! EVERYTIME YOU OPEN..

wait

been reading too much negativity lately..

I don't even know you..

What were we talking about?

The mint would not lose much credibility in my eyes. They don't have much as it is. The whole spoon scam and all the other attempts to create a collectible market is shameful by ANYONE. What makes collectibles COLLECTIBLE IMO is the fact that they were everyday things, used my many, noticed by few and sometime down the road someone said "Hey I'd like to have a collection of those to remind me of what it was like to be XX years old again." I've almost completed my Mad Pocketbook collection and you didn't see Mad Magazine making BUY THIS BOOK IT'LL BE WORTH $$ LATER!

Anyone who makes an item and labels it "collectible" has doomed it IMO. If it were truly collectible and had a chance of appreciating you need MORE COLLECTERS THAN ITEMS and making billions of things or millions of things when there are hundreds of collectors is a recipe for disaster.

wallstreetman

So whats the worst thing you think the U.S. Mint has ever done? State Quarters have brought a lot of people to collect coins, can you think of something theyve done in the past that made people give it up?

WWW

I think that's one of the signs of the Apocalypse.

FatMan

I don't know if the US Mint will ever sell colorized coins. They certainly are profit oriented and if they believe they could make a huge hunk of change (pun intended), then I suspect it would be strongly considered.

However, to date they have a very active program in place to let people know that these colorized coins are not distributed by the US Mint. In fact, they included a flyer in my recently recieved Alabama Quarters (by far the ugliest state quarter to date). They also have dedicated a section in their web site to consumer awareness Colorized Coins.

BTW, I find the hologaphic coins minted in Canada to be very cool.

mrdq

I don't think the U.S. Mint has done anything to "drive people away" BUT I also don't think that it's their job to sell stuff either. MAKE COINS!! It's almost as outrageous as when I was watching the Superbowl and saw the US Post office ADVERTISE!!! My GOD why is a government service advertising? If the private sector is doing mail delivery (or really package delivery) better or faster or cheaper then GET THE GOVERNMENT OUT OF THE BUSINESS. I can understand military recruitment ads, we need military and it's not the most attractive job so they need to advertise but for the Mint to try to sell stuff just to try to make money or the USPS advertise to get people to what... mail more letters? I think it's a waste of time.

US Mint - Make coins and bills for circulation so that we can have an economy
US Post Office - charge what the market will bear and close down unnecessary operations

Proof coins? I can take them or leave them. Dump them is fine if it's costing the US Government money. Collectors will collect something else.

ksteelheader

There are a few coin designs that would look better covered in paint, but I won't name them. Been flamed enough for one day..........Ken

barberlover

the simplest answer is, don't buy them. But i think the mint doing that is unlikely.

richbeat

I posted some time ago on this subject, that I make a distinction between post mint colorized coins and mint issued colorized coins. I will not purchase any colorized coin that is post mint, but if a mint issues it (Canada, for example) and it looks nice, I have no problem with that. I'm not sure, but I don't think the U.S. Mint can issue colorized coins without approval from Congress.