Has the profusion of new US Mint issues caused you to lose interest?

291fifth · February 20, 2007 9:54PM

In modern issues?

In numismatics in general?

dpoole · February 20, 2007 10:33PM

No. I think that some of the recent issues have great designs and are well produced.

It scares me, though, that the Mint is going to do its usually customary historical thing, and overburden us with new and varied issues until people stop buying in exhaustion and disgust and they kill the market.

Tyrock · February 20, 2007 10:48PM

I remember when the modern commemorative program began in 1982. Collectors worried that the Mint would kill the program with too many issues as it did in the past. I'd say that it is definitely happening. And the new Presidential $ won't be as effective as they could be as they won't circulate like the quarters did. Fortunately, they should help continue the new interest in numismatics that the state quarters started.

garsmith · February 20, 2007 10:51PM

NO

Longacre · February 20, 2007 11:32PM

I buy the same things from the Mint every year, so it does not matter how much they offer. For those who buy one of everything, I can see how it can get frustrating.

RYK · February 20, 2007 11:34PM

No, but the profusion of new US Mint issue threads has caused me to lose interest in them (the threads).

mrpaseo · February 20, 2007 11:43PM

I guess it all depends on your motives. If you buy something because you like it, then just buy what you want. If your OCD tells you that you must buy one of everything, then I guess it would hurt a little. If your into it for a flip and keep buying the wrong product then again, I guess it would hurt.

Moral of the story, buy what you like, not what someone else likes

Ray

CoinHusker · February 20, 2007 11:52PM

Actually, the opposite is true.

Bear · February 21, 2007 12:48AM

Each time you repeat a winning idea, It is less successful.

In a market of over supply, one must become ever more

selective as to what to buy.

Zoins · February 21, 2007 1:25AM

Things like First Strike, Early Releases, First Day of Issue cause me to lose interest in those specific things, but thankfully I can buy ultra moderns raw from the Mint!

Having modern mint issues sellout in a day to hoarders also would turn me off from new US Mint issues but thankfully they have installed some quantity limits to the amount people can order.

Overall, I think the Mint is doing a decent job for a hobby that is beset by shenanigans like doctoring, fake rarity (FS/ER), hoarding, etc. that concern me more.

ziggy29 · February 21, 2007 1:31AM

The Mint looks poised and ready to kill the goose that's laying the golden eggs.

Frankly, I don't lose interest in the issues themselves as much I'm turned off by the aftermarket rush to slab and overhype them as "the next big profit opportunity." But the Mint is a willing accomplice in this, and they bank (literally) on speculators and slab-happy buyers doing this.

Zoins · February 21, 2007 1:37AM

<< <i>Frankly, I don't lose interest in the issues themselves as much I'm turned off by the aftermarket rush to slab and overhype them as "the next big profit opportunity." But the Mint is a willing accomplice in this, and they bank (literally) on speculators and slab-happy buyers doing this. >>

I don't agree. I think the Mint is doing a decent job educating people about the realities of First Strike(s) and Early Releases deceptive marketing hype. The Consumer Awareness page has already been updated to discuss the deceptive marketing around Early Releases in addition to First Strike(s). Kudos to the Mint here IMO.

Connecticoin · February 21, 2007 1:40AM

Yes, the pres dollars were the last straw. I am no longer ordering from the mint, and will be unloading most of my post-1970 modern mint products soon. I will keep one set of Proof ASEs.

mgoodm3 · February 21, 2007 1:42AM

I never really had any interest. My wife does have a book of state quarters and intends to collect the pres dollars also.

Wolf359 · February 21, 2007 1:47AM

No interest personally, but the ease in which people can order from the Mint, make a PCGS MS70 then flip for huge profits reminds
me of tulip bulbs and the late 90's stock market.

It's not going to last and when it crashes it comes down hard.

Preussen · February 21, 2007 1:48AM

I have little or no interest in modern issues. New issues have no effect on my interest in Numismatics. -Preussen

cheezhed · February 21, 2007 7:22AM

Not so much lose interest, but exaperated and frustrated.

Athena · February 22, 2007 12:32AM

I don't pay a lot of attention to the new US Mint issues. I will stick to Mercury Dimes, thank you.

phillymatt · February 22, 2007 1:04AM

No, I still collect modern proof and mint sets and continue working on a few Dansco albums......

notwilight · February 22, 2007 1:18AM

As a collector, I hit the ones I like and pass on the ones I don't. I guess those who have a compusion to try to own everything could be frustrated.

So it looks like this morning you are trying to figure out if you're just hitting a 3 year wall or if you should blame it on the mint. Perhaps you just need a vacation...good time of year for heading south. I usually have multiple hobbies going at the same time and move back an forth between them.

--Jerry

Coxe · February 22, 2007 3:21AM

The best thing (and I would hold my nose throughout it) the Mint could do per Congress would get corporate sponsorship of the cent and five cent pieces. Various companies would contribute a minumum advertising cost or more to have their logo as the reverse of an issue. These would necessarily be limited. They would satisfy the idiots who continue to demand the production of those denominations. Collectible issues would arise naturally and rarities attendant among them. The cost of producing them would be cut by the advertising to reasonable levels. It is the American way to whore out the government function to an extent to free enterprise anyway. Think about all the McDonalds, NASCAR, Coca-Cola, Budweiser, Trojan, ... cents. Everyone would want an official US government coin of their own, possibly each year. It would be like the Superbowl for advertising. And the TPGs would have even more to slab.

slipgate · February 22, 2007 3:28AM

I don't collect anything that was minted/made for the sole purpose of "collecting". Its like buying something that says "limited edition" or "special collectors edition". I stay away from that crap and the mint's also.

Zoins · February 22, 2007 3:28AM

<< <i>The best thing (and I would hold my nose throughout it) the Mint could do per Congress would get corporate sponsorship of the cent and five cent pieces. Various companies would contribute a minumum advertising cost or more to have their logo as the reverse of an issue. These would necessarily be limited. They would satisfy the idiots who continue to demand the production of those denominations. Collectible issues would arise naturally and rarities attendant among them. The cost of producing them would be cut by the advertising to reasonable levels. It is the American way to whore out the government function to an extent to free enterprise anyway. Think about all the McDonalds, NASCAR, Coca-Cola, Budweiser, Trojan, ... cents. Everyone would want an official US government coin of their own, possibly each year. It would be like the Superbowl for advertising. And the TPGs would have even more to slab. >>

Why stop at nickels? Imagine how popular the Presidential dollars would be if they were being promoted by major corporations?

Zoins · February 22, 2007 3:31AM

<< <i>I don't collect anything that was minted/made for the sole purpose of "collecting". Its like buying something that says "limited edition" or "special collectors edition". I stay away from that crap and the mint's also. >>

I'm semi-skeptical of things that were made for collecting but virtually all So-Called Dollars fall into that category and some of them are just too cool. I currently stay away from Morgan dollars which exist due to political graft/pork but may get into them one day.

Has the profusion of new US Mint issues caused you to lose interest?

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