Why not 2-Coin Commem. Sets?

toreador74

With the proliferation of all these different sets and coins this year, why didn't the Mint also consider a 2-coin gold/silver set for the Old San Francisco Mint commems? They used to do that (years ago) with other commems? I, for one, would have been glad to pay a small premium for the box they would have come in just to see the two side by side...

BillJones

I'm with you. I really liked the multiple coin sets, but the mint stopped issuing them. I even got hooked on all the modern commemorative coins that came in wooden boxes (Uncirculated and Proof coins, 4 and 6 piece sets) and completed a set of them. But starting with the Wright Brothers coins in 2003, the mint did not offer the multiple coin sets. It lowered my enjoyment of the coins as a result.

One of the odd things about secondary market bids is that on the Gray Sheet the bids for the single coins often exceed the bids for the same coins in the set. This seems nuts to me, but maybe is shows that more collectors prefer single coins to sets.

53BKid

Hows this for an answer:

Refunds are being offered to buyers of the American Eagle 20th Anniversary Gold and Silver Set who feel they were misled into purchasing the $850 set when it went on sale Aug. 30 and want to return them.

The set has a maximum mintage of 20,000. Some buyers assumed that was it as far as availability of 2006-W uncirculated one-ounce American Eagle gold and silver coins. That turned out to be an incorrect assumption. On Sept. 28, individual coins became available for sale.

The Mint issued a statement to correct the problem and in an interview with Numismatic News, Mint Director Edmund C. Moy apologized.

“While the United States Mint is pleased to offer both the special Anniversary Sets and the first new Uncirculated American Eagles to our customers in the year celebrating the 20th anniversary of the American Eagle program, we do acknowledge that our communication regarding the intent, timing and pricing of these two programs could have been clearer. We regret any confusion that occurred, and have offered a full refund to any customer who is not satisfied and wishes to return their sets,” the statement said.

Telephone the Mint at (800) USA-MINT. Visit the Web site at www.usmint.gov.

ABC123

Return to the US Mint for Refund has alway been an Option, for Any Reason !!! They sell nothing with a Gun at your Head !!

RichieURich

<< <i>With the proliferation of all these different sets and coins this year, why didn't the Mint also consider a 2-coin gold/silver set for the Old San Francisco Mint commems? They used to do that (years ago) with other commems? I, for one, would have been glad to pay a small premium for the box they would have come in just to see the two side by side... >>



But I wouldn't pay $110 like the Mint charged for the box for the 2 coin Anniversary set.

BillJones

<< <i>But I wouldn't pay $110 like the Mint charged for the box for the 2 coin Anniversary set. >>



Agreed!

But the funny part is on the Gray Sheet, the combined bids for the single coins often exceed the bid for the set. Go figure.

I've sold the wooden boxes with the COA but no coins for as much as $10 and seen them go for more on eBay. The empty velvet boxes are not worth keeping however.

toreador74

I agree that $110 is not a "small premium" and, indeed, I would not be willing to pay extra for two uncirculated American Eagles just to have them in the same case, 20th Anniversary or not. I'm not sure what the two posters earlier were addressing on this thread, because my original comment was directed at the San Francisco commems and not the eagles.

It is funny how collectors and investors are willing to pay more or less based on whatever combinations are produced. Perhaps that is why the Mint no longer goes for those commemorative sets. It just doesn't make sense apparently to go to the trouble of packaging them together (but selling the two eagles for $110 extra than you can pay for them seperately makes complete sense?)