your self-expression still needs work, I can't imagine on those dangerous missions you wrote to the team instead of speaking to the team.
I am still somewhat lost on some of your posts in this thread.
However, on what I did understand, I think these will become like the proof 95W for some and maybe many ASE collectors: out of reach. However, I think those without them will just be satisfied to "not own them" instead of halting all collecting of the series.
The Mint is a profitable part of government, and will continue to be even after this mistake. They can mint far, far fewer ASEs even and still profit. Why? They price all products such that they make a net profit of ~15% across all products. (their internal profit target is 15% overall... ((not necessarily on individual issues.)) Trust me... they WILL profit.)
<< <i>BILLY, Senior mint suppervisor states that 100's of the orders were wiped out because of systems failures and poor phones.
For those that don't read well what I write is the reason I liked the 20 OPT years spent on dangerous missions
and never had a misunderstanding. >>
Well the mint still ended up selling out every single set within a day so I doubt they care much about how many orders were wiped out because of system/phone failures. Are you really going to go and say people here can't read well because they don't understand your writing, which seems to come from someone who speaks English as a 2nd or 3rd language?
<< <i>I will chime in to the original post, which I disagree with. I am one of those people who always buys proof and mint sets...the old line "regular" customers. Each of the last 3 years though I have waited until the absolute last minute, because I consider myself and all the others who do this to be incredibly STUPID. Again, this year I am talking myself out of being that stupid, but unless hundreds of thousands of people quit buying the cr*p stuff, the mint won't change and since I already said that the millions who do this are incredibly STUPID...I don't think this little fiasco will do a d@mn thing. I don't think enough people to matter in the outside world even know it happened and even fewer care. IMHO. I think this year will finally be the year I quit. I hope, I hope, I hope. >>
I just don't buy the "cr*p stuff" and just buy the "stuff" with potential..... I may throw a Mint set in with some ASE or Gold PF's or uncirc's I order but I am not buying that set expecting it to go anywhere.
I am buying it because I like collecting coins in addition to the investment side
I for one find it unusual that the mint did not just limit sales to the chosen few bullion dealers and not bother shipping them through the fulfillment center to all the gripping common collectors. It could of all been handled with about ten faxes and be done.
<< <i>Personally, I think we should all send a thank you card with a basket of fruit to the Mint for this major year-end gift! >>
I worked for the General Services Administration in the 1970s and I am surprised that the Mint doesn't have the same objectives.. that the government would take steps to try and ensure that government property was, as much as possible, sold to the end-user, not to middlemen or distributors. And when limits were set per buyer to prevent this, they were pretty serious about cracking down on people who used family members, employees, to circumvent the limits.
Frank Provasek - PCGS Authorized Dealer, Life Member ANA, Member TNA. www.frankcoins.com
The OP, like anyone else, can buy these coins on the secondary market. For the overwhelming majority of mint products over the past 50 years, many mint products such as proof sets (non-silver ones) can be bought right now for less than issue price. These 25th anniversary sets are only one of a very few exceptions due to huge demand (partly greed here) and limited (100K still sounds like a lot of sets to me) product.
Hard to know where the prices on these will end up short, middle and long term. I think a lot of people are buying five sets on speculation and the demand spiraled out of control. Are there really 100,000 people that "need" all the coins in this limited production to keep their sets complete? I actually hope so as that means a lot of collectors out there, some of whom will also collect other coins such as the more traditional older series of US coins, or any coins for that matter.
<< <i>I for one find it unusual that the mint did not just limit sales to the chosen few bullion dealers and not bother shipping them through the fulfillment center to all the gripping common collectors. It could of all been handled with about ten faxes and be done. >>
Yeah, they should have just sold them all to the Gold Center and had them handle the distribution. We all know how well that went with the ATBs.
<< <i>I am surprised that the Mint doesn't have the same objectives.. that the government would take steps to try and ensure that government property was, as much as possible, sold to the end-user, not to middlemen or distributors. And when limits were set per buyer to prevent this, they were pretty serious about cracking down on people who used family members, employees, to circumvent the limits. >>
What Captain Sensible said.
Me at the Springfield coin show: 60 years into this hobby and I'm still working on my Lincoln set!
DrPete, I agree with you on the mintage...I find it hard to believe that there are 100k ASE collectors serious enough to need all these keys. I have been informed in other threads, however, that I am obviously wrong.
<< <i>Personally, I think we should all send a thank you card with a basket of fruit to the Mint for this major year-end gift! >>
I worked for the General Services Administration in the 1970s and I am surprised that the Mint doesn't have the same objectives.. that the government would take steps to try and ensure that government property was, as much as possible, sold to the end-user, not to middlemen or distributors. And when limits were set per buyer to prevent this, they were pretty serious about cracking down on people who used family members, employees, to circumvent the limits. >>
Comments
I am still somewhat lost on some of your posts in this thread.
However, on what I did understand, I think these will become like the proof 95W for some and maybe many ASE collectors: out of reach. However, I think those without them will just be satisfied to "not own them" instead of halting all collecting of the series.
The Mint is a profitable part of government, and will continue to be even after this mistake. They can mint far, far fewer ASEs even and still profit. Why? They price all products such that they make a net profit of ~15% across all products. (their internal profit target is 15% overall... ((not necessarily on individual issues.)) Trust me... they WILL profit.)
<< <i>BILLY,
Senior mint suppervisor states that 100's of the orders were wiped out because of systems failures and poor phones.
For those that don't read well what I write is the reason I liked the 20 OPT years spent on dangerous missions
and never had a misunderstanding. >>
Well the mint still ended up selling out every single set within a day so I doubt they care much about how many orders were wiped out because of system/phone failures. Are you really going to go and say people here can't read well because they don't understand your writing, which seems to come from someone who speaks English as a 2nd or 3rd language?
<< <i>I will chime in to the original post, which I disagree with. I am one of those people who always buys proof and mint sets...the old line "regular" customers. Each of the last 3 years though I have waited until the absolute last minute, because I consider myself and all the others who do this to be incredibly STUPID. Again, this year I am talking myself out of being that stupid, but unless hundreds of thousands of people quit buying the cr*p stuff, the mint won't change and since I already said that the millions who do this are incredibly STUPID...I don't think this little fiasco will do a d@mn thing. I don't think enough people to matter in the outside world even know it happened and even fewer care. IMHO. I think this year will finally be the year I quit. I hope, I hope, I hope. >>
I just don't buy the "cr*p stuff" and just buy the "stuff" with potential..... I may throw a Mint set in with some ASE or Gold PF's or uncirc's I order but I am not buying that set expecting it to go anywhere.
I am buying it because I like collecting coins in addition to the investment side
<< <i>Personally, I think we should all send a thank you card with a basket of fruit to the Mint for this major year-end gift! >>
I worked for the General Services Administration in the 1970s and I am surprised that the Mint doesn't have the same objectives..
that the government would take steps to try and ensure that government property was, as much as possible, sold to the end-user, not to
middlemen or distributors. And when limits were set per buyer to prevent this, they were pretty serious about cracking down on
people who used family members, employees, to circumvent the limits.
Hard to know where the prices on these will end up short, middle and long term. I think a lot of people are buying five sets on speculation and the demand spiraled out of control. Are there really 100,000 people that "need" all the coins in this limited production to keep their sets complete? I actually hope so as that means a lot of collectors out there, some of whom will also collect other coins such as the more traditional older series of US coins, or any coins for that matter.
$14 x 25= $350.00 for modern
8.00 for handling charge
29.95 for return postage
$387.95 total
I know of the 1st strike charge of $18 a coin but don't think I want that if it going to be on just 2 of the coins.
Is there a charge for the 25th anniversary label which I want?
<< <i>I for one find it unusual that the mint did not just limit sales to the chosen few bullion dealers and not bother shipping them through the fulfillment center to all the gripping common collectors. It could of all been handled with about ten faxes and be done.
Yeah, they should have just sold them all to the Gold Center and had them handle the distribution. We all know how well that went with the ATBs.
<< <i>your self-expression still needs work, I can't imagine on those dangerous missions you wrote to the team instead of speaking to the team.
I am still somewhat lost on some of your posts in this thread.
>>
Wat yur problem? Him English gud write.
<< <i>I am surprised that the Mint doesn't have the same objectives.. that the government would take steps to try and ensure that government property was, as much as possible, sold to the end-user, not to middlemen or distributors. And when limits were set per buyer to prevent this, they were pretty serious about cracking down on
people who used family members, employees, to circumvent the limits. >>
What Captain Sensible said.
60 years into this hobby and I'm still working on my Lincoln set!
<< <i>
<< <i>Personally, I think we should all send a thank you card with a basket of fruit to the Mint for this major year-end gift! >>
I worked for the General Services Administration in the 1970s and I am surprised that the Mint doesn't have the same objectives..
that the government would take steps to try and ensure that government property was, as much as possible, sold to the end-user, not to
middlemen or distributors. And when limits were set per buyer to prevent this, they were pretty serious about cracking down on
people who used family members, employees, to circumvent the limits. >>
can you provide more details please???
what preventative steps did they take??
what steps did they take to find the abusers?
what did they do after the fact?
etc.?
etc.?