Is the U.S. Mint... going to increase mintages of 20th Anniversary sets??
tincup
Posts: 5,297 ✭✭✭✭✭
Hmmm... we have speculated why the U.S. Mint has STILL been taking orders on the 2 coin Unc and 3 coin silver 20th Anniversary sets, when everyone thought sure they would be well sold out by now. Some of the ideas were that the Mint has offered too many issues, and the public is running out of money; the Mint is taking extra orders to cover cancellations, the U.S. Mint is estimating demand for more issues in the future, and so on.
I have one more scenario.... one that if it became true would have MANY upset customers.... so I doubt it is the case. BUT, for discussion purposes....
The Mint has given the mintage limits for each option; 10,000 for the 3 coin gold, etc. To my knowledge, they are not bound by these limits. In other words, there is NO legislation that dictates how many of these coins they can produce.... they are authorized under the American Eagle program. This is different from the commemoratives that have been coming out... which have been dictated by acts of Congress as to the total mintages.
Sooo..... given this..... what if the Mint has decided that there is way more demand for these coins than they originally thought.... and are continueing to take orders..... and plan to raise the mintages to fill all the orders??? They would make multi millions more......
Far fetched?? Well, look at some of the other practices they have done, such as still selling 2005 proof sets, the selling of previous limited mintages of Kennedy halves, etc.
hmmmmmm.........
I have one more scenario.... one that if it became true would have MANY upset customers.... so I doubt it is the case. BUT, for discussion purposes....
The Mint has given the mintage limits for each option; 10,000 for the 3 coin gold, etc. To my knowledge, they are not bound by these limits. In other words, there is NO legislation that dictates how many of these coins they can produce.... they are authorized under the American Eagle program. This is different from the commemoratives that have been coming out... which have been dictated by acts of Congress as to the total mintages.
Sooo..... given this..... what if the Mint has decided that there is way more demand for these coins than they originally thought.... and are continueing to take orders..... and plan to raise the mintages to fill all the orders??? They would make multi millions more......
Far fetched?? Well, look at some of the other practices they have done, such as still selling 2005 proof sets, the selling of previous limited mintages of Kennedy halves, etc.
hmmmmmm.........
----- kj
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Comments
Morgan, modern sets, circulated Kennedys, and Wisconsin error leaf quarter Collector
First (and only - so far) Official "You Suck" Award from Russ 2/9/07
<< <i>The Mint would be shooting themselves by increasing production. They may make a lot of money on this, but there would also be a lot of people (like me) who would send the sets right back for a refund. And it would destroy their credibility for future releases. I don't think they would take the chance on ruining the desire of future releases for such a short term gain. >>
My sentiments exactly.
The Mint is already going overboard on issues.... for instance, the presidential dollars and first ladies $10 gold program....
<< <i>They can not mint more coins than they are allowed by law...they printed the number that would be minted for each set and that number is all they can mint. >>
EXCEPT.... as I mentioned.... there was no law passed to authorize these coins that I am aware of. They fall under the American Eagle program, which basically has not limits?
The fact that they printed a number does not mean they are bound by it, unless there has been legislation passed dictating it.
Not a chance.
Also, I calculated yesterday that a sell out of the Silver set would have had to average over 17,500 sales a day for 14 days.