Is the mint hurting coin collecting?
Bob-tx
issuing so many theme variations such as the state quarters, prez
bux, and others. It is difficult to keep up with all the new theme
coins being minted. Some collectors are buying up these various
new coins, often by the roll, I assume in hopes that they will be
very valuable in the future.
Of course, the mint makes a profit by selling these coins that are
not going into circulation, and by selling mint and proof coins. In
the meantime, collectors are busy buying and hording coins with
visions of future wealth, which in most cases, will most likely not
materialize. Interest in the history of coins such as why so few
coins were minted in certain years, why basic designs were slightly
altered, etc is on the decline.
Although I have never collected stamps, it seems that the Post
Office got into the similar pattern of printing many new theme
stamps that collectors probably horded in sheets and plate blocks.
This is profitable for the Post Office, and with coins, profitable
for the mints.
But it seems to me that it has reduced the genuine interest in coin
collecting for the love of coins and history to hording for profit.
To me, at least, the plethora of coin themes has reduced genuine
interest in real coin collecting.
Anyone have any thoughts on this.
Bob-tx
Bruce Remick
"Bob-tx" <bobw...@suddenlink.net> wrote in message
news:498044c2$0$5463$bbae...@news.suddenlink.net...
Although I agree with your observations, it hasn't reduced my interest at
all. Collecting (anything) to me has always centered on acquiring examples
of past or obsolete items for their historical nostalgia. To me, there's no
history in a 2008 reverse proof burnished MS70-slabbed Mint bullion product.
I still order an annual proof and mint set only because it's become a habit
over the years. But that's prety much it. I have no interest in the state
clipart quarters, another tired series of president images, or views from
the life of Lincoln. We've seen all this stuff before over and over.
Annual commemorative dollars are issued more to raise money for some
organization than to seriously commemorate the subject, which usually is
familiar enough to need no formal "commemoration".
Geoff Rockbridge
assume in hopes that they will be
> very valuable in the future
They're in for a rude awakening many years from now when they find none of
them are worth more than face value.
Bob Golden
that gets sold to Finnan and his trailer park, pork rind choffing, and HSN
watching brethren.
Some of us just don't collect crap like the majority do.
RWF
"Bob Golden" <Nob...@Nobodycares.com> wrote in message
news:Bu0gl.57907$2o3....@newsfe10.iad...
Welcome to my kill file, you ignorant twit.
PLONK
note.boy
It's known as killing the goose that laid the golden eggs.
The UK PO turned stamp collectors off new issues as they issued far to many
design types every year for collectors to be able to afford them all, so
they gave up collecting. Billy
Phil DeMayo
> It almost seems to me that the mint is hurting coin collecting by
> issuing so many theme variations such as the state quarters, prez
> bux, and others. ....
All of those programs were mandated by law....the Mint had no choice
but to produce the coins.
Blame Congress.
Bob Golden
"RWF" <R...@200901.invalid> wrote in message >>I don't believe the mint is
>>crap that gets sold to Finnan and his trailer park, pork rind choffing,
>>and HSN watching brethren.
>>
>> Some of us just don't collect crap like the majority do.
>
> Welcome to my kill file, you ignorant twit.
> PLONK
>
I maybe a twit, but your a TWAT!
Mr. Jaggers
That observation says as much about the "collectors" as it does about the
PO.
James
Jerry Dennis
You hit the nail on the head, Phil. Trace everything screwed up with
anything connected with the Federal government, and there's Congress,
right smack in the middle of it all.
To get back to Bob's observation, I don't think all of the crap coming
out of the Mint will necessarily hurt collecting. The common junk
being produced now won't have any effect on collecting eariler
issues.
The new collectors who think the SQs they've been pulling from their
change from their local Wally World are the ones who will be
disappointed when they realize that, in 34 years, their $12.50 SQ
collection is only worth $12.50. It was 1975 when Bicentennial
quarters were first issued. Here it is, 34 years later, and they're
still worth a quarter a pop.
Jerry
Jud
the RCM. Having collected Australian coins, minus only the key date
1/2d and 1d, and trying to stay current with the $1 series, I believe
that I am just about to stop. Canadian quarters, the same. NCLT is the
bane of those compulsive collectors (like me) who want to maintain a
complete collection.
A pox on NCLT!
Mr. Jaggers
Hey, a series of quarters, each featuring a different pox...that might be
catching!
James the Vector
mazorj
"note.boy" <note...@naespamntlworld.com> wrote in message
news:5r5gl.5529$oF2....@newsfe15.ams2...
I don't know about the UK PO, but AFAIK our USPO stopped printing with
the beautiful intaglio method on gummed paper. Now they're just
cheaply printed self-adhering paper stickers, in most cases no better
than the cartoon character stickers you buy for your kids to decorate
their lunch bags and Valentine notes. I might not mind paying the
seigniorage if the stamps were artistically rendered, but I'm not
forking over 41 cents for a seemingly endless parade of what amounts
to two-cent decorative stickers.
note.boy
"Mr. Jaggers" <lugburzman[at]yahoo[dot]com> wrote in message
news:glqsf...@enews4.newsguy.com...
It certainly does and some UK stamp issues up to 30 years old can still be
had for face or even less in quantity.
Few new issues, be it stamps or coins, do well value wise as the years go
past.
Unc low face value banknotes tucked away at the time of issue is a different
story. Billy
note.boy
"mazorj" <maz...@verizon.net> wrote in message
news:Olegl.2855$Aw2...@nwrddc02.gnilink.net...
It is the same with UK stamps, one recent issue was on a pantomime theme,
appropriate isn't it. Billy
note.boy
"Mr. Jaggers" <lugburzman[at]yahoo[dot]com> wrote in message
They could be pitted at the mint to imitate the pattern of each pox
scarring.
I think we are onto a winner here. Billy
RWF
>> with
> the beautiful intaglio method on gummed paper. Now they're just
> cheaply printed self-adhering paper stickers, in most cases no better
> than the cartoon character stickers you buy for your kids to decorate
> their lunch bags and Valentine notes. I might not mind paying the
> seigniorage if the stamps were artistically rendered, but I'm not
> forking over 41 cents for a seemingly endless parade of what amounts
> to two-cent decorative stickers.
Every once in a blue moon, the USPS issues stamps printed using the
classic intaglio method.
mazorj
"RWF" <R...@200901.invalid> wrote in message
Huh. Thanks, I'll have to keep an eye out whenever I go to the PO. I
hope the next one is worth having and not a commemorative of something
trivial like the 100th birthday of some obscure personage or the
invention of the Rubik cube. With the constant stream of new issues,
they really scrape the bottom of the barrel for themes.
Bob Golden
"RWF" <R...@200901.invalid> wrote in message
>
> classic intaglio method.
And an even scarcer occurence is Finnan posting an intelligent thought, very
scarce in fact.
Jon Purkey
<flip...@aol.com> wrote:
But does Congress tell the Mint all the different ways they have to
sell the coins? Bags, rolls, mint sets, proof sets, Denver BU sets,
Philadephia BU set, P+D BU set, Individual proofs, etc. ? I would hope
no one tries to get it all.
PC
Now there is some irony.
PC
Overly simplistic.
George D
the well will run dry. I have been buying these discount stamps for 10
years or more.
George D
time so I could be wrong.
Gronkiå
i've been posting something similar about the 'new-age' of printing/minting
carnival coins-tokens-medals-notes
the governments and mints are more into this new business now, trying to
force the new collectors into their new paths, paths of illusion, but
someone answered me
1: everybody is free to collect what they want/like
2: everything minted in the last century is the same crappy thing as this
new *crap collecting age*
they abuse of the 'channel' of the coins and paper money (traditional)
with Antarctica Banknotes, Galapagos/Cabo Dakla/ Cabinda / Fake pre-euro
tokens or trials
+ in the official way x10000 more than ever special edition of 100 new
colorful medals-coins-tokens directly from each mint.
this is like feeding drugs to a racing horse, pretending to be 'coin' or
'note'
and many will fall into th is big bluff ( 1 need to buy one set, thats it, u
fell )
Gronkiå
ps: before they printed/minted for circulation purposes OR for 1 event in 50
years
now they celebrate even Santa Claus (of scandinavia) from the Island of
Chapu Chapu in´the Pacific Ocean (for who? for what ? what is the meaning,
what is the purpose) but hey, i got a coin from Chapu Chapu !!!!!!!! wow
Gronkiå
> now they celebrate even Santa Claus (of scandinavia) from the Island of
> Chapu Chapu in´the Pacific Ocean (for who? for what ? what is the meaning,
> what is the purpose) but hey, i got a coin from Chapu Chapu !!!!!!!! wow
and since there is no people living in that island, and the coin is minted
(or note printed) in London (or Paris or Philadelphia or Tokio) i can
imagine its been studie/planned/developed and 'incomed LOL' from some big
Manager inside the big offices in some of those mints with
british-french-american nationality