An interesting article highlighted in this weeks E-Sylum from a Coin Week article. So one would need just about $15 grand just to buy all the U. S. Mint products for 2015.
Guess they didn't learn from the post office what this does to the collecting base.
I think it is likely that the flood of expensive new issues is driving away potential collectors and causing active collectors to either become more selective in their new issue purchases or drop them altogether.
I think it is likely that the flood of expensive new issues is driving away potential collectors and causing active collectors to either become more selective in their new issue purchases or drop them altogether.
I also agree with 291fifth. However, many major mints are doing the same thing. I quit buying yearly mint products 25 years ago, and sold everything I had in 2007 (going back to 1950 proof sets).
Member: EAC, NBS, C4, CWTS, ANA
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
The USM appears to be the world's largest coin dealer. Just have not been a buyer of it bc it usually goes down in aftermarket. I only buy stuff there is possibility I can make a decent profit on NOW. If you like mod USM gold coins a shop near me offers 97% of melt on these as the refiner pays 98%.
Originally posted by: Ablinky Although it is high, in retrospect; the gold, silver, and platinum products the mint makes represent a far better store of value than stamps.
True, but a huge number of stamps sell for less than face value. The night I spent putting discount postage on the mail-outs for my local club almost made me into to a collector ... ... almost.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
Originally posted by: DeliaBug An interesting article highlighted in this weeks E-Sylum from a Coin Week article. So one would need just about $15 grand just to buy all the U. S. Mint products for 2015.
Guess they didn't learn from the post office what this does to the collecting base.
$15 grand sounds better than it used to be. Years ago I heard that the number to keep up with all of the new mint stuff was over $30 grand.
This excessive amount of mint stuff ended my project of having EVERY U.S. type coin. Now I just say I go up to the 1990s or so. The platinum coins really ended it for me followed by all of those Buffalo coins.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
An interesting article highlighted in this weeks E-Sylum from a Coin Week article. So one would need just about $15 grand just to buy all the U. S. Mint products for 2015.
Guess they didn't learn from the post office what this does to the collecting base.
$15 grand sounds better than it used to be. Years ago I heard that the number to keep up with all of the new mint stuff was over $30 grand.
This excessive amount of mint stuff ended my project of having EVERY U.S. type coin. Now I just say I go up to the 1990s or so. The platinum coins really ended it for me followed by all of those Buffalo coins.
For the record, the $15 grand covers COINS only, and doesn't include bullion. All of those Buffaloes and Silver Eagles and however many versions of Gold Eagles there are --- those are extra.
I'd be shocked if there were more than a handful of eccentric individual collectors who buy one of everything the mint puts out every year.
A few businesses might do it, and multiples of many issues, but seriously, very few citizens do it. The fact that there's so much variety speaks to the mint serving the factions
Last year I did an article in COINage where I summed up the total cost of everything from 2014 at about $25,100, plus or minus a few hundred dollars because some bullion-related items rose and/or fell over the course of the year. Of course, I counted the four proof gold eagle singles PLUS the four-piece set, etc.
TD
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
DeliaBug
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Andrew Blinkiewicz-Heritage
I think it is likely that the flood of expensive new issues is driving away potential collectors and causing active collectors to either become more selective in their new issue purchases or drop them altogether.
bob
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
BST transactions: dbldie55, jayPem, 78saen, UltraHighRelief, nibanny, liefgold, FallGuy, lkeigwin, mbogoman, Sandman70gt, keets, joeykoins, ianrussell (@GC), EagleEye, ThePennyLady, GRANDAM, Ilikecolor, Gluggo, okiedude, Voyageur, LJenkins11, fastfreddie, ms70, pursuitofliberty, ZoidMeister,Coin Finder, GotTheBug, edwardjulio, Coinnmore...
But you can flip them on eBay for $10,000
But then Ebay will take $1,500
Coins for sale at link below
https://photos.app.goo.gl/TyJbuBJf37WZ2KT19
I can think of better things to spend money on then what the US mint is making nowadays
Would that be a down payment on the new Camaro or Mustang?
I prefer to feel, hear and taste the exhaust note.
Coins for sale at link below
https://photos.app.goo.gl/TyJbuBJf37WZ2KT19
“I may not believe in myself but I believe in what I’m doing” ~Jimmy Page~
My Full Walker Registry Set (1916-1947)
https://www.ngccoin.com/registry/competitive-sets/16292/
Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
I'll bet that that does not cover shipping, either.
bob
What are they worth today??
Although it is high, in retrospect; the gold, silver, and platinum products the mint makes represent a far better store of value than stamps.
True, but a huge number of stamps sell for less than face value. The night I spent putting discount postage on the mail-outs for my local club almost made me into to a collector ...
An interesting article highlighted in this weeks E-Sylum from a Coin Week article. So one would need just about $15 grand just to buy all the U. S. Mint products for 2015.
Guess they didn't learn from the post office what this does to the collecting base.
$15 grand sounds better than it used to be. Years ago I heard that the number to keep up with all of the new mint stuff was over $30 grand.
This excessive amount of mint stuff ended my project of having EVERY U.S. type coin. Now I just say I go up to the 1990s or so. The platinum coins really ended it for me followed by all of those Buffalo coins.
An interesting article highlighted in this weeks E-Sylum from a Coin Week article. So one would need just about $15 grand just to buy all the U. S. Mint products for 2015.
Guess they didn't learn from the post office what this does to the collecting base.
$15 grand sounds better than it used to be. Years ago I heard that the number to keep up with all of the new mint stuff was over $30 grand.
This excessive amount of mint stuff ended my project of having EVERY U.S. type coin. Now I just say I go up to the 1990s or so. The platinum coins really ended it for me followed by all of those Buffalo coins.
For the record, the $15 grand covers COINS only, and doesn't include bullion. All of those Buffaloes and Silver Eagles and however many versions of Gold Eagles there are --- those are extra.
and have found good sources for stacking gold without bothering the mint. Cheers, RickO
A few businesses might do it, and multiples of many issues, but seriously, very few citizens do it. The fact that there's so much variety speaks to the mint serving the factions
Liberty: Parent of Science & Industry
TD