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What if the U.S. Mint.....??
Gemineye
Posts: 5,374 ✭
..decided in all it's wisdom..(Oxymoron)..not to mint any more Reverse Proofs for The SAE series for collectors..??..or for that matter suppose we will have the only ..S .. minted coin that is not in Proof condition because they will not mint any more.The mint is a very unpredictable entity.......just a thought..!!..any of yours...
......Larry........
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<< <i>Are we supposed to answer your "what if" hypothetical, or are you looking for more inane suppositions? >>
"Inane"..??
I'm just looking for collectors guesses as to what would either value or collector interest might be with thes coins....Not sarcastic or rude "suppositions..
Patterns to test designs for circulation - yes.
Specimen pieces for presentation to dignitaries to help secure a vote for a new circulating coin - sure.
But not coins, bullion, or NCLT produced only to sell to collectors.
Some Mint director a long time ago thought "Hey, we can make some money if we do this!" But it has had a negative impact on the hobby and on numismatics.
The Mint should only concern itself with producing circulating coinage for the country.
<< <i>IMO, the US Mint should never have started making coins specifically for collectors.
Patterns to test designs for circulation - yes.
Specimen pieces for presentation to dignitaries to help secure a vote for a new circulating coin - sure.
But not coins, bullion, or NCLT produced only to sell to collectors.
Some Mint director a long time ago thought "Hey, we can make some money if we do this!" But it has had a negative impact on the hobby and on numismatics.
The Mint should only concern itself with producing circulating coinage for the country. >>
They made Panpac gold for collectors, but I don't hear very many people complaining. ...Just say'n
<< <i>Without modern mint offerings the coin world would come to a slow drivel.................Only those that had serious knowledge could collect the perfect rarities and that would leave what???..........be glad that coin collecting has many many years to go thanks to at least some of the modern coins............beside the fact it brings into the hobby more collectors and those same buyers are the buyers of tomorrow...........Not unlike the auto industry that was forced to change......if there were only the old models then the business would never have survived as we know it today (good or bad).............NEW THINGS CANNOT HARM YOU!!!................Embrace the change and roll with the flow.........not every coin has to be 100 years old to have value.............IMO >>
Today's coins have been tomorrow's classics since the day the mint starting making coins as far as I know. It seems like people eschew modern mint gold and silver, but buying modern collector coins with melt in mind makes a lot of sense for younger folks IMO.
A mint must create modern coins for circulation. And when those modern coins have interesting, attractive designs that cause more people to become more interested in the hobby - great!
The mint can never say never.
"Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong
<< <i>It is impossible for the mint to "decide" it will never mint another particular coin. Even when a mint facility is closed it is always possible for it to be reopened at a later date.
The mint can never say never. >>
I agree..the reason for my post is That when these SAE coins were first issued they were part of a Bullion series.I bought the first few and that was it.I know there was discussion as to these as being NON circulating.
IMO we are in a different age where a lot of coins are NON circulating.The ..Collector.. mint mark versions of the SAE opens up a new venue if there is continuity in these issues.
"Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong
I agree with what you say...Thes coins can be compared " IMO" to the Morgan Dollars..which has a serious collector base.It would be really nice to have the SAE on the same level in this modern age of coins.
<< <i>derryb
I agree with what you say...Thes coins can be compared " IMO" to the Morgan Dollars..which has a serious collector base.It would be really nice to have the SAE on the same level in this modern age of coins. >>
The big difference is this: Morgans were issued to help producers of silver to have a market for all the silver being mined, while silver eagles are issued to provide a reliable source for buyers of silver. The law that created silver eagles had the consumer in mind.
"Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong