Comments on: US Mint Sales: Classic 2021-W Proof Silver Eagles at 364,515

By: joera

joera — Mon, 19 Apr 2021 21:44:23 +0000

In reply to Big T. I don't think you know the whole story or history of what has being going on between the U. S Mint and it's customers. Maybe you should do a little more reading and research on this. It's not like this just here on this blog but on many others and in many coin magazines also.

By: Daniel

Daniel — Mon, 19 Apr 2021 11:05:31 +0000

In reply to Big T.

Because coin collectors can’t buy the coins to complete their collections.
yet the mint sells to dealers in bulk before the official release date, allowing them to exhaust supply, and manipulate the market due to supply and demand forces. People panic, and drive the price up. FOMO baby.

I just bought two ASE 2021-W coins for nearly double the release price off eBay (As I live in Australia, I have to pay duties via ebay, yet if I could have bought directly from the US Mint I wouldn’t). So I get punished financially, even though I was there at 3am my time, smashing the refresh button when the coins were initially released.

Ticketek worked out how to release high demand items on the Internet 20 years ago (hint: restrict the number of people at a time via a queue, and limit the amount you can buy).
In fact, The Royal Mint (U.K.) employs a similar tactic for their limited release coins. You sit in the queue, it lets you know how many people are in front of you, and approximate time till you can get in. Once in, you get 10 minutes to make your purchase. This allows you to fill your cart, browse for other items, select the most economical postage etc, then checkout without any stress. It’s brilliant.

long story short, if the US Mint is anything like the Australian Mint, the mint makes money by selling collectables, not by selling currency. They seem happy to kill their own life blood.

By: Big T

Big T — Tue, 13 Apr 2021 20:55:03 +0000

I really don’t understand all the animosity toward the mint just because demand has increased for their products which makes it harder to obtain them upon release. Some of these comments “we are treated so badly by the mint”… give me a break!

By: Chas. Barber

Chas. Barber — Tue, 06 Apr 2021 22:24:58 +0000

In reply to Chas. Barber.

Kaiser….REVERAND I boycott the secondary market when a “sellout’ causes a CU situation………………

By: Chas. Barber

Chas. Barber — Wed, 31 Mar 2021 21:37:07 +0000

In reply to Chas. Barber.

I just got ab offer from L&C coins for a 2021 Congrat$ ASE proof, only $500……wow whAT PROFTEERS glad I could, oops COULD NOT NO WAY, get one……fake shortage fake collector friendly mint more like coin thug$

By: sam tweedy

sam tweedy — Tue, 30 Mar 2021 15:00:47 +0000

In reply to Chas. Barber. And they can keep the new ASE design, no interest in anything in 2021. U S Mint a real joke!!!!

By: kevinh

kevinh — Tue, 30 Mar 2021 01:21:47 +0000

I’m sure as honorable and fair as the USM is known well to be…
…that MikeM or one of his kind picked up the phone and was granted access.

Many have tried for weeks with little success, that 4,000+ were reported sold last week would only further indict the USM of complicity in fraud.

By: Chas. Barber

Chas. Barber — Mon, 29 Mar 2021 19:41:00 +0000

Classic ripoff of collectors is mor elike it, they are all $150 from the no HH limit dealer gorging on ASE with NO LIMITS @ ALL on day 1, WTF

By: Seth Riesling

Seth Riesling — Fri, 26 Mar 2021 02:10:19 +0000

Kaiser…The U.S. Mint uses “creative accounting” or “new math” or both! Lol.
A certified, licenced forensic accountant would have a field day with the Mint’s accounting system for sure!
(Hint: A great Ph.D. candidate thesis for a university student who wants to study the figures from 1792-2021 from an historical perspective).

NumisdudeTX