Do plat reverse proofs have to be minted before years end?

nard1

If that is the case it ould seem that mint would have to shut down orders very soon.

fishcooker

Maybe they had 30,000 already made.

FloridaBill

And Maybe they had 5,000 made...and won't have time to make more....

FloridaBill

notwilight

I think the answer to the OP question is NO but someone will pipe up who knows the law soon. --Jerry

Bochiman

With all the bad press they get around these things, I think it would be political suicide for them to announce 30,000 mintage in a timespan that wouldn't afford the realistic possibility to produce them.

They either have them (and may be waiting on the packaging or something) or can make them.

I wouldn't bet against a 30,000 mintage if people do pony up to buy that many.

Of course, there will be flippers who are betting against this and will cancel their orders when a sell-out occurs or when they seem to be making enough of them.

MoneyLA

Im going to guess that they CAN make the full mint run in advance, and melt the ones that are not sold.

If I recall, it takes an act of congress to mint coins AFTER the year of mintage... the last time this happened was during the great silver coin shortage of the mid 1960s when there was a "date freeze."

I may be wrong. someone with more or better info? thanks

MrEureka

If I recall, it takes an act of congress to mint coins AFTER the year of mintage...

Perhaps, but the Mint has already shown us by their failure to mint the number of 2007 Sacagaweas required by law that they are not going to let something as trivial as the law get in their way.

FullStrike

How many presses are at West Point anyhow? And How many can they all make in an hour?

I'll bet it doesn't take long at all to make 10,000 sets of Platinum Eagles. And they would just have to stamp them out, packaging could be done on a much more casual pace.

If 27,000 sets are on order as of Dec 27th ( or thereabouts ) you better believe the Mint would strike all 30,000 sets. The unsold balance would be offered until a sell-out occured - even if it took a year. Given the trends for Platinum - that probably wouldn't take a year.

BAJJERFAN

This from the Mint's site!!

""The United States Mint American Legacy CollectionTM, the Little Rock Central High School Desegregation Coins and the Jamestown 400th Anniversary Coins must be issued by December 31st. In order to meet these requirements, the United States Mint is only accepting orders for these coins until TOMORROW, December 14th at 5:00 p.m. ET. Please note that all credit card ""

I'd guess that any coins that are limited by law or whatever for striking or selling have those limits adhered to by the Mint.

Bochiman

<< <i>This from the Mint's site!!

""The United States Mint American Legacy CollectionTM, the Little Rock Central High School Desegregation Coins and the Jamestown 400th Anniversary Coins must be issued by December 31st. In order to meet these requirements, the United States Mint is only accepting orders for these coins until TOMORROW, December 14th at 5:00 p.m. ET. Please note that all credit card ""

I'd guess that any coins that are limited by law or whatever for striking or selling have those limits adhered to by the Mint. >>



Not a guess...I have heard that before.
But, that doesn't equate exactly to the 10th annv platinum sets.

I would bet that striking the coins is not the real issue. just a packaging thing.

Bear

So to sum up:

the Mint will or will not sell after 12/31/07

The Mint has or has not made 30,000 coins

The Mint will or will not begin to ship prior to 12/31/07

I hope this clears up some of your questions.

Rarity

If the Mint can strike 1,000,000 proof set each year, I do not see why it will fail in minting 30,000 plat coins. As long as there are buyers, there will be enough supply to meet their need.

BAJJERFAN

<< <i>

<< <i>This from the Mint's site!!

""The United States Mint American Legacy CollectionTM, the Little Rock Central High School Desegregation Coins and the Jamestown 400th Anniversary Coins must be issued by December 31st. In order to meet these requirements, the United States Mint is only accepting orders for these coins until TOMORROW, December 14th at 5:00 p.m. ET. Please note that all credit card ""

I'd guess that any coins that are limited by law or whatever for striking or selling have those limits adhered to by the Mint. >>



Not a guess...I have heard that before.
But, that doesn't equate exactly to the 10th annv platinum sets.

I would bet that striking the coins is not the real issue. just a packaging thing. >>



You mean that the Mint would selectively pick and choose which laws/requirements to follow and which to not follow? I think that we already know that the 2008 plain ol ASEs are made and ready to distribute.

BigDaddyz

I received my last 20th anniv. Gold Eagle set last year in March. So I assume they minted some after the first of the year.