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- - The reason (maybe) we can't get MINT coins (http://goldismoney.info/forums/showthread.php?t=367029)

HistoryStudent | 04-13-2009 03:33 PM
The reason (maybe) we can't get MINT coins is that they are making so MANY (seven TIMES what they did 2 years ago) bullion coins for their MONSTER BOXES for their 5 special dealers to wholesale out: they can't take the extra steps(s) and time to make US (meaning U.S. Citizens) any of the NUMISMATIC coins. It's about that simple from a management perspective. Also it's much cheaper to make those bullion coins because they require less steps than the PROOF and UNCIRCULATED numismatic products in gold, silver, and platinum. :36_3_12::signs14:

rodzm | 04-13-2009 03:38 PM
Re: The reason (maybe) we can't get MINT coins Quote:
Originally Posted by HistoryStudent (Post 1675756) is that they are making so MANY (seven TIMES what they did 2 years ago) bullion coins for their MONSTER BOXES for their 5 special dealers to wholesale out: they can't take the extra steps(s) and time to make US (meaning U.S. Citizens) any of the NUMISMATIC coins. It's about that simple from a management perspective. Also it's much cheaper to make those bullion coins because they require less steps than the PROOF and UNCIRCULATED numismatic products in gold, silver, and platinum. :36_3_12::signs14:
Look HS...there is no way you can convince TPTB to make numi coins, they dont make them nearly as much money as your standard Eagles. Pretty soon UHR sales will dwindle and then they will be taken out just like every other numi coin the mint has suspended. It only makes sense after this socalled UHR fad fades away. Give me numi Eagles and decimate those damn Spouse coins. You see some things make sense to you and me but bening in the military like I am then making sense is not allowed. Just buy more UHRs if you can to satisfy your numi needs because pretty soon the mint will just be pumping out standard monster boxes Eagles

HistoryStudent | 04-13-2009 03:51 PM
Re: The reason (maybe) we can't get MINT coins Quote:
Originally Posted by rodzm (Post 1675765) Look HS...there is no way you can convince TPTB to make numi coins, they dont make them nearly as much money as your standard Eagles. Pretty soon UHR sales will dwindle and then they will be taken out just like every other numi coin the mint has suspended. It only makes sense after this socalled UHR fad fades away. Give me numi Eagles and decimate those damn Spouse coins. You see some things make sense to you and me but bening in the military like I am then making sense is not allowed. Be smart. Keep you MOUTH shut and your BRAIN OPEN. Follow Orders to a "T", unless they are illegal - then GET them in writing. They LOVE to fry anyone below Colonel. The Generals are total POLITICOS! Just buy more UHRs if you can to satisfy your numi needs because pretty soon the mint will just be pumping out standard monster boxes Eagles
http://moneynews.newsmax.com/streett...08/201050.html Being in the military you will get a kick out of the OXYMORON division called "Millitary Intelligence." :signs14: I was/have 43 years experience in law enforcement and it's about the same type oxymoron waiting for the POLITICOS to make a decision. They alway make a "MAYBE" decision. Never a yes or no - so I call it - "Paramilitary Intelligence!" :Surrender: The article up there tells me that it's up 400% from last year and (they don't mention it) 700% from two years ago. Those GOLD PRESSES are steamin' and MOST FOLKS just don't GET IT! They are COOKING the US dollar numbers faster than they are PRESSING out Gold Eagles for their dealers at 700% increase. :36_3_16: Kiss those US dollar BUYING power goodbye and TURN OFF THE LIGHTS! :signs14: At least have 2/3 rds in gold and 1/3 in silver bullion coins. :yes: SLABS will be the Hidden secret currency going forward into the next DECADE - that's my bet. Guesstimate that is. :yes:

AgAuGal | 04-13-2009 03:59 PM
Re: The reason (maybe) we can't get MINT coins I also heard it wsa because more people are putting PMs in their IRAs and only 1oz GAEs and SAEs are accepted, so that is the mints focus for now. Maybe after a few weeks they may consider the other programs because they will have met the demand for the IRAs.

HistoryStudent | 04-13-2009 04:29 PM
Re: The reason (maybe) we can't get MINT coins Quote:
Originally Posted by AgAuGal (Post 1675800) I also heard it wsa because more people are putting PMs in their IRAs and only 1oz GAEs and SAEs are accepted, so that is the mints focus for now. Maybe after a few weeks they may consider the other programs because they will have met the demand for the IRAs.
Good call. And you are so right. Boy, is it a hassle getting them sent to you OUT from those IRA accounts. :Surrender: :yes::111:

Merlin | 04-13-2009 06:23 PM
Re: The reason (maybe) we can't get MINT coins Quote:
Originally Posted by HistoryStudent (Post 1675756) Also it's much cheaper to make those bullion coins because they require less steps than the PROOF and UNCIRCULATED numismatic products in gold, silver, and platinum.
Hope this isn't a stupid question. But if a GAE is a bullion coin, what would be an example of an uncirculated numismatic gold coin?

HistoryStudent | 04-13-2009 07:07 PM
Re: The reason (maybe) we can't get MINT coins Quote:
Originally Posted by Merlin (Post 1675986) Hope this isn't a stupid question. But if a GAE is a bullion coin, what would be an example of an uncirculated numismatic gold coin?
No question are stupid. In fact I had to really think about this one. Please read on. First it usually costs more for a numi coin from the mint rather than a bullion coin from a dealer - and you pay the postage too! :36_3_12: But then there's SOME extra step the MINT :4_1_72: about. Don't ask me what it is - maybe a BLANK selection dealie? There's IS something however; other wise they'd get more money selling both sides of the coin - so to speak. One that has an extra step and USUALLY grades higher. :Surrender: I know that the bullion coins LOOK rather good - I have more than a few. However, one from the NUMISMATIC side is separate - and NOT placed with 19 other friends in that TUBE. :signs14: I also have .999 Maples in the TUBES and boy are some all SCRATCHED from riding with their friends. :signs14: I'm really sorry about that one because I own ... :4_1_72: Hope that helps. HS

Merlin | 04-13-2009 09:01 PM
Re: The reason (maybe) we can't get MINT coins I think what you're trying to tell me is that the mint's numismatic coins are intended to be collectibles, so they're cleaner, made with greater care, and probably grade better on average than the bullion coins. The bullion coins, on the other hand, are... well, bullion. Quote:
Originally Posted by HistoryStudent (Post 1676040) No question are stupid. In fact I had to really think about this one. Please read on. First it usually costs more for a numi coin from the mint rather than a bullion coin from a dealer - and you pay the postage too! :36_3_12: But then there's SOME extra step the MINT :4_1_72: about. Don't ask me what it is - maybe a BLANK selection dealie? There's IS something however; other wise they'd get more money selling both sides of the coin - so to speak. One that has an extra step and USUALLY grades higher. :Surrender: I know that the bullion coins LOOK rather good - I have more than a few. However, one from the NUMISMATIC side is separate - and NOT placed with 19 other friends in that TUBE. :signs14: I also have .999 Maples in the TUBES and boy are some all SCRATCHED from riding with their friends. :signs14: I'm really sorry about that one because I own ... :4_1_72: Hope that helps. HS

HistoryStudent | 04-13-2009 09:27 PM
Re: The reason (maybe) we can't get MINT coins Quote:
Originally Posted by Merlin (Post 1676184) I think what you're trying to tell me is that the mint's numismatic coins are intended to be collectibles, so they're cleaner, made with greater care, and probably grade better on average than the bullion coins. The bullion coins, on the other hand, are... well, bullion.
And it's all about money the US Mint is making 7 times more gold ounces bullion than it did two little years ago. They also do it with LESS work than the numismatic sales direct from the mint; those (extra) step(s) you know, right? :36_3_12:

Merlin | 04-13-2009 10:02 PM
Re: The reason (maybe) we can't get MINT coins Quote:
Originally Posted by HistoryStudent (Post 1676215) And it's all about money the US Mint is making 7 times more gold ounces bullion than it did two little years ago. They also do it with LESS work than the numismatic sales direct from the mint; those (extra) step(s) you know, right? :36_3_12:
So, by definition, that UHR Eagle I ordered is a numismatic coin, right? (Lord only know the price seems to say so.)

Curmudgeonista | 04-13-2009 11:39 PM
Re: The reason (maybe) we can't get MINT coins Quote:
Originally Posted by Merlin (Post 1675986) Hope this isn't a stupid question. But if a GAE is a bullion coin, what would be an example of an uncirculated numismatic gold coin?
I'm getting a little confused here too, and I've been collecting coins most of my life. I think maybe semantics are getting in the way. When it comes to GAE's and SAE's, other than the the general "uncirculated" bullion coins, there are proofs and uncirculated "specimen" coins sold in individual Mint packaging (or sets). At the point of being issued by the Mint I'd define those later ones in individual mint packaging as "collector's items". I gather from the conversation so far, that those are what is meant in this context as numismatic coins. I suppose it's a matter of opinion whether some of these truly deserve that recognition (though IMO the UHR clearly does), but they certainly are intended for the "numismatic" market, so the designation is fitting enough. What I'm confused about is that there are also plenty of other coins issued by the Mint that I'd include in that "collector's" designation, and that are intended for the "numismatic" market too... annual mint and proof sets, commemoratives, medals, special mint wrapped rolls, and such. A good bit of this sort of stuff seems pretty readily available and much of it does require special handling. For example, new U.S. Territories Quarters will be available from the Mint in at least six different versions each... either in 1 & 2) business strikes from P & D mints for general circulation (initially uncirculated)... or in sets where they are either 3) silver for silver proof sets, 4) clad proofs for those sets (both types of proofs being "S" mint), or 5 & 6) in "uncirculated" satin finish for annual mint sets (maybe better defined as "specimen" coins, but again from both P & D mints). There are six different designs in the series for 2009 and six versions of each (that I'm aware of). Of those 36 different strikes, 16 of them are currently available. With the different designs (in P & D) intentionally scheduled for periodic release over the course of 2009, I think the 16 currently available are all there should be at this point in time. Point is, other than the UHR, it might not be the special handling that's holding up collectible-market versions of GAE's and SAE's so much as the same planchets being committed for bullion issues. I'm not sure the Mint always operates like a normal business, but in this case it seems they are taking care of their big customers first, as many private companies might be inclined to do (big customers being the bullion distributors who are apparently experiencing overwhelming demand for bullion coins lately). I've also noticed that they sometimes seem to operate with the assumption that collectors of a given series will buy them whenever they become available, whether the release is sooner or later. In other words, they're not particularly worried that their volume for, say, 2009 proof GAE's will be diminished if they don't release them until this fall. They assume that the majority of their regular customers for those will just grab them up when they do come out. 'Not sure if that's right or wrong, just the way they appear to approach it at times.

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