Is manufactored rarites by the Mint next?

crypto79

It appears that the post office is taking a page out of baseball cards and randomly releasing as made rare stamps
Story here

I really hope the mint doesn't do this.

Zoins

Check out this Wikipedia article. The idea of having 100 sheets of "Corrected Jenny" stamps is interesting and more of a manufactured rarity than reprinting the old stamps (which is more similar to the UHRs).



<< <i>2013 Reprint

To honor stamp collecting, on September 22, 2013 the United States Postal Service issued a souvenir sheet showing six examples of the stamp denominated $2 each rather than the original 24 cents. The issue was sold at face value, although various special packagings for collectors were also offered for a premium.

The Postal Service announced it has also printed 100 sheets of "corrected Jenny sheets" — the plane flying right side up. All sheets of the stamp are individually wrapped in a sealed envelope to recreate the excitement of finding an Inverted Jenny when opening the envelope and to avoid the possibility of discovering a corrected Jenny prior to purchase. Individuals purchasing “corrected Jenny sheets” will find a congratulatory note inside the wrapping asking them to call a phone number to receive a certificate of acknowledgement signed by Postmaster General Patrick Donahoe. Collector Sam Malamud of IdealNY is attempting to purchase the "corrected Jenny sheets" by offering a prize of $15,000 for each sheet. >>

ebaybuyer

wouldn't be the first time. in the mid 19th century, the mint was busy making "restrike" coins, im sure it was documented and on the books...

crypto79

<< <i>wouldn't be the first time. in the mid 19th century, the mint was busy making "restrike" coins, im sure it was documented and on the books... >>



good point, but that wasn't officially sponsored I think. Almost could consider the 1929 half eagles and 1916 quarters to be slick one offs.

ebaybuyer

sponsored or sanctioned ?

Zoins

<< <i>

<< <i>wouldn't be the first time. in the mid 19th century, the mint was busy making "restrike" coins, im sure it was documented and on the books... >>



good point, but that wasn't officially sponsored I think. Almost could consider the 1929 half eagles and 1916 quarters to be slick one offs. >>



The 1804 dollar and the 1848 CAL quarter eagle could be considered official sponsored manufactured rarities.

epcjimi1

<< <i>It appears that the post office is taking a page out of baseball cards and randomly releasing as made rare stamps
Story here

I really hope the mint doesn't do this. >>



In a way, the mint has done this, the RP Buffalo distribution at the 2013 ANA show created a label rarity from the larger population distributed by the mint.

I wouldn't be surprised to see the mint begin to offer documented first strikes with a large premium attached.

Yeah, that would be crazy if the mint deliberately introduced an error of 100 strikes into a large population of coins to gin up interest, but I wouldn't be surprised if they did.

On the right side up Jenny stamp thing -

"Van Riper's was the fourth of the 100 sheets to turn up since the post office launched the campaign in September, USPS spokesman Mark Saunders said. One of the four is listed at $25,000 online, Van Riper said, but he doesn't have plans to sell his sheet."

Text

FullStrike

The Mint is already into creating " instant rarities ". They have restricted order periods, limited mintages,
"accidental" varieties, etc.

The only thing that remains is to salt preannounced rarities into bags or maybe rolls of coins. Of course
once the item was opened it would have to be nonreturnable.

I can easily see that marketing ploy being used. The US Mint sees us all as a bunch of suckers after all.

ambro51

Their great opportunity begins tomorrow. Fire up the coin press at Denver and strike 1.2 million Lincoln Cents. Then, work them into normal distribution....and very quietly shut the press down.

Barry

Already been done. See my 9 year old thread here.

BillJones

<< <i>

<< <i>wouldn't be the first time. in the mid 19th century, the mint was busy making "restrike" coins, im sure it was documented and on the books... >>



good point, but that wasn't officially sponsored I think. Almost could consider the 1929 half eagles and 1916 quarters to be slick one offs. >>



Some were sanctioned; others were not.

With the 1804 "Restrike" dollars the mint made official ones in the daytime that were used as trade bait for the U.S. coin cabinet and perhaps for the private benefit of some U.S. mint officials. During the evening a group of lower level U.S. mint employees struck up some more and marketed them to local coin dealers. The mint officials got wind of this and confiscated as many pieces as they could. One of them is now in the Smithsonian. It was stuck over a Swiss shooting taller.

pf70collector

I don't think the post office sells these anymore. Hard to find the Golden Tickets now.

mrearlygold

I'd be happy if they made these again. I walked into the main post office in ft Lauderdale ( a long time ago ) and they had a few hundred of these and I bought em!

edgar

"I don't think the post office sells these anymore. Hard to find the Golden Tickets now."


Still available at face here: In Stock, don't know how many seeded sets have been reported to date!

segoja

4 reported sets found to date. + one was inadvertently used as postage.

I own one (#3) (This will be on display at the FUN Show at my table 1236) and will pay $20,000 each for another one or two sheets

They seeded both post office inventory and on line inventory. The first one found was purchased on line from the post office.

Zoins

I have to say I'm a big fan of the 100 Corrected Jenny sheets. It makes collecting fun and it would be great to have some 100 mintage coins out there, like we used to have with proofs and other coins.