2013 Girl Scouts of the USA Silver Dollars

The United States Mint will begin sales of the 2013 Girl Scouts of the USA Silver Dollars tomorrow February 28, 2013 at 12:00 Noon ET. This is the first of two commemorative coin programs authorized by Congress for this year.

The program was authorized under Public Law 111-86 to celebrate the 100th anniversary of the Girl Scouts of the United States of America. The program includes a silver dollar available in proof and uncirculated versions.

2013 Girl Scouts Silver Dollar

The obverse design of the coin features a depiction of three girls intended to represent the different ages and diversity of the Girl Scouts of the USA. An inscription above includes “Courage, Confidence, Character” which are three key elements of the mission statement. A 100th anniversary Trefoil symbol appears below with the inscriptions “2013”, “In God We Trust”, and “Liberty”. The obverse was designed by Barbara Fox and engraved by Phebe Hemphill.

On the reverse is the iconic profiles of the Girl Scouts of the USA with inscriptions “United States of America”, “E Pluribus Unum”, “$1″, and “Girl Scouts”. The reverse was designed by Chris Costello and engraved by Joseph Menna.

These designs were selected by the Secretary of the Treasury following consultation with the Girl Scouts of the USA, the CFA, and the CCAC. Originally there had been a slate of eleven different obverse and ten different reverse designs considered.

The 2013 Girl Scouts of the USA Silver Dollars are struck in 90% silver and 10% copper with a weight of 26.73 grams and diameter of 1.500 inches. Each coin contains 0.7736 troy ounces of silver content.

Pricing for the coins will be $54.95 for the individual proof silver dollar and $50.95 for the individual uncirculated silver dollar during an introductory period. After March 29, 2013 at 5:00 PM ET, regular pricing of $59.95 for the proofs and $55.95 for the uncirculated coins will go into effect.

The US Mint has indicated that a special Young Collectors Set will be available later in the year, which will be limited to production of 50,000 units. The price and release date for this set are not yet known. A maximum mintage of 350,000 coins has been established across all product options.

The second commemorative coin program authorized for this year will honor the 5-Star Generals of the United States Army. Coins issued under the program will include $5 gold coins, silver dollars, and clad half dollars in proof and uncirculated versions. The release date has been scheduled for March 21, 2013.

Numismatic Gold and Platinum Product Prices Increased

goldDespite recently lower precious metals prices, the US Mint increased prices for available gold and platinum numismatic products today. The increases were the result of the adoption of a new pricing grid, as discussed in this previous post.

The price of the 2012 Proof Platinum Eagle was increased from $1,892 to $2,000. The price for proof 2012 First Spouse Gold Coins was increased from $979 to $1,015. The price for the uncirculated 2012 First Spouse Gold Coins was increased from $966 to $995.

The notice within the Federal Register had indicated that the revised pricing grid was “for 2013 gold and platinum products.” However, it appears that the grid will also apply to 2012 gold and platinum products. I had been trying to obtain clarification from the Mint whether or not this would be the case, but despite repeated inquiries I could not receive any clarification in advance.

This year, the US Mint has now announced or implemented price increases for all gold, silver, and platinum numismatic products, with the exception of the silver composition annual sets. These increases come despite precious metals prices which are lower compared to the year ago period and the relatively healthy net margins under the old pricing.

There has been only one price increase announced for a non-precious metal product.

Facebook Twitter Email

Comments

  1. Leo S. says

    Prediction:

    The Mint will not schedule any FS or 5 oz coins until after the sale date of the General comm coins. Too bad, because many of us must budget carefully in order to keep up with the coins in these series.

  2. posterhunter says

    That 1 ounce platinum proof price is especially painful, I can’t imagine paying that and being happy about it.

  3. george glazener says

    LOL…none of us want to talk about the Girl Scout Coins. We’re continuing the ATB thread from the other posting. That should tell the MINT a lot about what we’re all really interested in.

    The only Girl Scout product I’m going to buy are Thin Mints

  4. Brad says

    George,

    Good comment! Thin mints are my favorite, too. And like you, no Girl Scout Commems for me either.

  5. says

    I will not be buying the Girl Scouts commems (or the generals commems) as I am more interested in gold and the AtBs at present.

    posterhunter,

    I’d been considering this year’s platinum eagle given how happy I was with the 2011 one. No more after the price increase. Hopefully the Mint will see sense next year, and back down on prices when they lose more sales. Michael’s note in the CoinUpdate article makes the Mint’s move seem even more bizarre since their numismatic gold sales fell last year. I find it very unlikely the price hike will make up for a continued decline in sales.

  6. Dan in Fla says

    I was going to get a couple of the Girl Scouts coins just in case. That price puts the platinum coin at 400 over spot. Are they crazy. They didn’t start the 2012s until June so they have a couple of months left to get them out. And yes I cannot wait until they come out.

  7. Dan says

    Michael

    I am just a collector and have enjoyed your many posts and most of the replys for many years. Judging by many comments I have read here and that I have heard from many collector acquintances, I think it is safe to say that most are unhappy with the increased pricing for numismatic offerings. I have always stayed non political in my infrequent posts but what would you think of trying to coordinate all coin publications, shows, collectors and dealers alike in creating a White House Petition in regard to the recent and what I feel exorbitant price increase on numismatic offerings from the mint. In the 2012 yearly report that I read, while total sales were down from the previous year, the program still made 73 million the way that I read it. With that in mind, I just cant justify the increase on collectors since we obviously cover the cost to satisfy us.

    Anyway, they say that a petition that can muster up 100,000 signatures will be investigated and then responded to. Dont mean to put you on the spot, but I think you have many readers and contacts that might be able to reach out to coordinate such a huge undertaking. Just a thought.

  8. Ed D says

    That Girl Scout obverse is one ugly design…wouldn’t buy it even at spot. But I do like the cookies.

  9. Jerry Diekmann says

    “Girl” scouts? The oldest one looks like a 40-year-old woman – maybe she is a Girl Scout leader. Surely the Mint could have come up with a better design. The girl on the Boy Scouts coin looks better than these girls. And why isn’t there a boy on the Girl Scouts coin, since everything has to be so politicaaly correct (and inane) nowadays? As for pricing, I just buy less coins from the Mint every year. When the State quarters were being minted, I tried to buy 7 sets a year. When the ATB coins came out, I dropped down to 5. At the rate they are going, I may drop to 3 next year, especially since the coins are becoming less interesting every year. Some of the places being “commemorated” I don’t think anyone knows even exist. No Sequoia National Park for CA, no Rocky Mountain or Mesa Vere coins for Colorado??? These coins should have been issued in the order they became national parks or monuments, NOT by state. Sorry, the states are NOT equal. California is a LOT different than Delaware. Everything the Mint seems to do now is wrong – too many items, too high prices, to the point of gouging, and most coins are of inferior quality and design. That’s my two cents.

  10. george glazener says

    @Dan;
    While I totally agree with your good intentions, I personally wouldn’t want MY name within a thousand miles of the (current) White House. If that den of thieves ever got a list of disgruntled “evil rich” precious metals “tycoons” like us, complaining about the govt. while sitting on our stacks of silver and gold, they’d come after our collections like flies on a juicy pile of horse manure. Our “wealth” would be confiscated and spread around to those who have none. For the good of the masses, of course. No thanks, “George” prefers complete anonymity.

  11. george glazener says

    Good points Jerry. You better work on your attitude though, and start buying more, rather than less, or else the MINT will raise prices on all of us again to make up for your lack of participation…LOL

  12. says

    Just an update on 2011 bullion AtB 5 oz…Chaco is the only one remaining for sell to the AP’s….since Michael’s last report, sales have reached 23,800….just 600 short of a sell out.

    I ordered several Denali “P” coins Monday night at 10:15pm est when they were on backorder status. They all show as “In stock & reserved” and the cancel box is no longer there.

    What I really don’t understand is why the 2012 “P” with mintages of around 15,000 are sellig for so much….while there can also be only 16,827 (Chickasaw) complete sets of the the 2011 “P” AtB’s and those sets currently sell for around $1299. Perhaps they are sleepers.

    Lastly…I look forward to the 2013 AtB’s (both versions) and wonder what the Mint will say the mintage limits are..
    I’d love to pick up some White Mountain bullion wtth prices as they are now.

  13. Mark in Florida says

    Girl Scout coin is Ug-leee.

    Most dealers seem to be sold out of many bullion products. Provident seems to still have some gold eagle proof sets for $3365 which is $265 under the Mint’s price. APMEX is all out.

  14. Kraw says

    $400 over spot for a Pt proof is crazy. But if you think that is bad, wait until you see the premium on a Pd proof…if we ever get one that is.

  15. joe says

    The GS coin is a complete joke…but then again, so are most of the commemorative coins offered by the Mint these days. To the Mint’s credit, it is the wackos in congress that keep pushing this crap at us. They are an embarrassment and their egos don’t allow them to even recognize it.

  16. VA Bob says

    My prediction is that the GS commem mintage limit of 350K is way too optimistic. The Mint and the members of Congress that push these coin bills would do well to read Michael’s Blog and other coin forums. This is their market and they lend it a deaf ear. Sorry US Mint but your carefully crafted surveys are designed only to give you the answers you want to hear not what the collecting public want.

  17. saucexx says

    Personally speaking, I don’t think the girl scout coin is all that bad. I also believe they’ll sell quite a few because of the subject matter.

  18. Shutter says

    I don’t think the girl scout coin is all that bad.

    They aren’t as bad as some people have claimed. They are certainly very far from the worst modern designs. But they are also nowhere near the best.

  19. Jerry Diekmann says

    Hi, George – I guess less is more and more is less, at least when it comes to the Mint. The less we buy from them, the more they will charge those who still continue to buy from them. I was trying to walk the middle road, if indeed there is one when it comes to dealing with the Mint. The Mint’s advisors have probably figured that many of us who buy coins from them are really fools, and that we will continue to buy whatever they put out, and at whatever price they decide or whatever “price grid” their marketing staff comes up with. So far they seem to be getting away with it, and their price gouging extends to gold coins like the $20.00 Saints. Every gold 1 ounce coin or $20.00 gold coin is now marked up $400.00 over spot. Greed has gone ballistic, I’m afraid, and it will destroy the hobby if it continues.

  20. Dustyroads says

    Listen to that sound, do you hear it? It’s the sound of gallows being made ready in the Mint square.

  21. Piotr says

    I ordered Denali 5 oz @ 2 am after it got backordered on Tues am.
    What is the likelihood that my order gets filled?
    How early before the sellout does the mint institute backordered status?
    Thanks!

  22. merryxmasmrscrooge says

    Courage Confidence Charachter I like this coin.
    These are the things that are important, not trying to snake a deal everywhere you look. Instead of reading books, he likes to read ledgers. Instead of appreciating the beauty and truth of art, he just wants to know the monetary value. -Rod Serling TZ

  23. Wylson says

    The mint is supposed to sell these at a profit. People need to quit whining. RCM charges around $100/oz for many silver commeratives. The higher margins do enable them to offer lower mintages, so maybe that’s the thinking here.

  24. posterhunter says

    I didn’t notice this before but the mint has added larger pictures to product pages and changed the design on 2013 products.

  25. joe says

    Wylson – Yes…the Mint is supposed to make a profit, but this is nothing more than exuberant greed. I imagine you would be whining quite a bit if your local utility (another monopoly) tripled your energy costs (at least you have some alternatives if that happened). Perhaps if they produced coins that weren’t either politically correct (GS coin) or sucking up to some other constituency, they would have higher mintages. You are justifying their self-fulfilling prophecy of (we can continue to produce crap, but need to charge more because nobody buys our crap). Just saying…

  26. cb says

    The mint is raising prices because they know precious metals prices are about to explode higher! They are just getting ahead of the curve. As metals prices rise it causes a flood of new demand for it’s products. They know whats coming and are preparing accordingly.

  27. george glazener says

    @ CB;

    Just wondering why you think PM prices are due to explode higher? I honestly am not savvy enough to understand these markets, but I try to understand the reasoning behind those who know more than I do. Please educate me….

  28. Mercury says

    @They know whats coming and are preparing accordingly.

    So whoever heard of a going out of business sales INCREASE?

  29. george glazener says

    I tried it once with baseball cards. It made me go out of business faster than I expected..!!

  30. says

    If you don’t want something, don’t buy it. It’s that simple. Others will.

    I’m sure that’s one of the things the Mint might be thinking, but in Michael’s CoinUpdate article he pointed out that numismatic gold sales are continuing to fall, so I would argue that in fact the Mint is not finding buyers for these pieces.

  31. Wylson says

    joe: I don’t agree with most of what you said, but the “produce more crap” does sum up most of the current offerings.

  32. dv says

    My guess on the Denalis ordered while on backorder is that we will receive them. I ordered over the phone and was told that. I agree on the girl scout coin. I like the thin mints as well. I don’t wuite understand the pricing exceptmaybe they are having suply issues and want to make all they can from what they have. They figure those that really want them will purchase and maybe on the 5 oz AMB coins they figure some are hooked while I bought some mainly for Christmas gifts at the lower prices. I never pd the 279 and doubt I will but at 244 esp when silver is so low

  33. stephen m. says

    The girl scout coin will do well. Don’t underestimate girl buying power and don’t let a few dollars keep you away from buying the platnium, gold or silver pieces that you want.

  34. says

    dv,

    I’m willing to absorb the price increases on the AtBs for now – it’s still a lot cheaper than gold – but I am liable to quit if they push up much past $280 (at least without a concurrent a meteoric rise in the price of silver back to $50). The AtBs are basically the only thing I’m buying outside of the standard annual products this year.

  35. Dan in Fla says

    Posterhunter– Yes i noticed the new pictures and product pages and I for one do not like it at all. Before they changed things I could print all the pertinent info on one page. Now you be the judge. Tell the Mint it stinks.

  36. Fosnock says

    I will wait to get my GS coin with the Young Collectors Set. Maybe the price of silver will be up to make the purchase more palatable. As far as the coin I remember hearing the same things about the Boy Scout coin and I think that one sold out.

    @george glazener
    As far as PM going up in price I would advice going to some other blogs so you can see why people are talking about why PMs will go up in price, basically its about supply and demand (investors and central bank buying, and in the case of silver industrial demand,) then add QE which is debasing the currency in an attempt to boost our exports. As far as the “rumor” that these price increases will herald an increase in the price of PMs who knows, it is possible that the mint being one of the major purchasers of PMs has a feel for the market and has noticed that the market is being squeezed and they are being proactive. I personally don’t buy it I think the mint took a look at what other mints were charging for their products and decided to get on the bandwagon. Never mind the fact that their were probably making more of a profit then these mints due to the higher sales volume. The mint has had to lower their prices substantially in the past, so from a historical prospective they have gotten the price wrong, and may they have just done so again, only time will tell.

  37. says

    As far as the “rumor” that these price increases will herald an increase in the price of PMs who knows, it is possible that the mint being one of the major purchasers of PMs has a feel for the market and has noticed that the market is being squeezed and they are being proactive.

    One possible explanation that the mint probably has market advisors, and the like that they hire to tell them what they think is going to happen with prices. The fundamentals for gold and silver are still hyperbullish and there’s a clear disconnect with what’s going on with the physical supply vs. what is going on in the paper markets. Unfortunately for the mint, the paper markets right now aren’t responding to issues like the supply shortages and the record sales.

    I personally don’t buy it I think the mint took a look at what other mints were charging for their products and decided to get on the bandwagon.

    But yeah, I think this is the ultimate motivator. They don’t seem to have figured out the fall in numismatic gold sales last year was due to high prices. I am willing to bet that continuing sales falls will wipe out any extra money they make from these premium hikes. It’s a foolish and counterproductive move.

  38. Robertson says

    If you don’t want something, don’t buy it. It’s that simple. Others will.

    Couldn’t resist repeating practically the only common sense advice on this thread.

    It’s also difficult not to laugh at all the “greedy Mint” accusations – complaints that are originating from individuals whose primary goal in obtaining the Mint’s products is making a quick profit. Pot… meet kettle.

  39. Saucexx says

    The mint increased prices to increase profits, end of story. They already had a pricing grid that protected them from increased prices, so “exploding” PM prices has nothing to to with it. In fact Silver products are the only ones without a grid and that hasn’t changed.

    If the Mint looked at Perth or the RM and got influenced by their exorbitant prices than they made a really bad decision. Unless of course they want to cut sales dramatically and become a “boutique” brand.

  40. KEITHSTER says

    I know that I am always asking the mint for more product and lower mintages on there surveys. Seems they found the way. Thanks mint looking forward to the new lower lows Good luck to us all. ‘>’

  41. simon says

    Robertson : good observations. The pointless negative rhetoric is tiresome. Let’s hope we are all can use the great offerings of the Mint to learn to respect our nation and its humanity.

  42. Fosnock says

    @Robertson – Actually others sometimes don’t buy the coins, and the mint is forced to melt down coins or they must keep them for years, and years and years until they either they sell or they do one of the actions described above. They use to sell them at a “loss” to clear inventory, but that created a major backlash.

  43. Phil says

    Here’s my 2 cents on the Mint’s continuing price increase of the gold, platinum, and silver coins over spot: It will likely result in lower mintages, but in the long run, the investment value in these coins will likely be more dependent on the fluctuation in precious metal prices rather than any added value due to rarity, since the mint has already accounted for the added value due to rarity in their high price over spot. So the net effect is that you might as well just buy the bullion versions if all you care about is investment value, unless you really like having the proof versions for collector interest, or if you want to take the gamble to you can get a “perfect” proof and later sell it for a big price mark-up. This is becoming more of a gamble with time because the quality of the mint products is getting poorer even while the price increase.

  44. Boz says

    Government treasuries around the world are working hard to depress prices even while they load up their vaults at low ball prices. The massive secret government buying will eventually spur new peaks, but as usual the little guy is out of the loop and by the time we find out about it it will be too late.

  45. Dan in Fla says

    I want to say Thank You for all the professional advice on the market and the prices at the Mint.

  46. Leo S. says

    All – If you realize that the stock market is rigged (Banks and Stock Brokers know what you and big State retirement Departments are going to buy milliseconds before they buy) and the gold market is rigged (World Banks buying gold by the ton and Countries getting rid of their dollars by the bushel basket) then you will all sleep better. You can’t beat the Big Boys. With the cost of PMs getting higher and higher we with limited funds need to carefully pick the items we want to collect. I used to try to buy most of the PM offerings until the last 2 years. The cost became overwhelming. I have now limited my purchases to the FS (God help me, cause I started the damn thing and want to finish it) and the 5 oz silver.

    With the coming hyperinflation (1 ot 3 years down the road) you need to have some assets that will retain their value. If you just want bullion for that purpose, buy bullion. However, I like the Mint products (overprices as they are) because I get bullion and possibly some collector value if I’m lucky. Even with the DOG FS coins, at least I have a bunch of 1/2 oz gold coins to buy bread with. So collect what you can afford, but I would stay away from clad and stick with PMs.

    Good Luck to All

  47. Hidalgo says

    @Samuel – there are some eBay auctions for Denali at $400, but most of them seem to be falling between $350 – $400.

    The highest priced 5 ounce P silver 2012 ATBs are Hawaii (around $550 for recent closed auctions and Acadia (around $400). Denali comes in third (around $355 – $400).

  48. Wylson says

    “Even with the DOG FS coins, at least I have a bunch of 1/2 oz gold coins to buy bread with.”

    This makes no sense. Even if the dollar goes to H#%# in a Handbasket, A silver dime buys a loaf today and it will buy a loaf if hyper-inflation happens. It’s just the silver dime and bread would be higher, say $20 for each.

  49. says

    As far as the new Mint pricing structure, I am not happy with it either. As a collector of the Platinum eagle series I could never understand why platinum price adjustments occurred within $100 bullion spreads when gold was adjusted in $50 spreads, but I did manage to time my purchase of the 2011 and 2012 issues at the platinum bottom pricing at least and I think many other APE collectors did this also. Well this advantage is gone now! The 2009 and 2010 issues were lower mintage & sold out fast so the pricing chart never came into play. I plan to use this strategy when the 2013 APE comes out. With the $108 upcharge it won’t leave the starting gate too fast either. Just buy it in the PM dips.

  50. joe says

    “If you don’t want something, don’t buy it. It’s that simple. Others will.”

    Based on what? The Yugo, etc.? If the Mint was a private business you would have a point. The fallacy of your point is that the Mint is a government organization that produces junk…and I am a tax payer that funds government organizations. Are tax payers not allowed to comment on a government entity’s inability to run a profitable business?

    “Couldn’t resist repeating practically the only common sense advice on this thread.”

    Spoken by someone who has probably never ran a business…

    “It’s also difficult not to laugh at all the “greedy Mint” accusations – complaints that are originating from individuals whose primary goal in obtaining the Mint’s products is making a quick profit. Pot… meet kettle.”

    You know what is said about ASSumptions? I am not a flipper…I purchase coins because I enjoy the hobby, and I can’t stand what the Mint is doing to the hobby. What kind of person would argue for higher prices (unless that person works for the government)? Talk about the pot and the kettle! The Mint has a coercive monopoly and is taking advantage of it. Why does the Mint even need to sell numismatic products if they don’t satisfy the majority of collectors (which I believe is the case..especially with their commemorative offerings)? To add insult to injury, they jack the price up to provide themselves with insane margins. So yes…I believe the Mint is “greedy” (along with the government in general).

  51. Dustyroads says

    Off topic, I just read a story about the possible passage of the bill next week, which will enable the Mints production of palladium bullion coins. The Mint would as typical, have the right to produce or not to produce a collector version of the coin. In my opinion, Palladium has a lot of room for growth, plus IMO the reverse and obverse designs by Adolph A Wienman are perfect. The story is via link in the latest edition of Coin News.

  52. Brad says

    That’s interesting about the El Yunque 5 oz. A mintage of 17,000, maybe? That seems like an odd number. 68% of max? I wonder how they decided to use that figure?

  53. Brad says

    It looks like APMEX finally just said “heck with it” and marked up ALL the 2012 ATB P 5 oz coins. Denali was raised to $449.99 and El Yunque and Chaco Culture are both $399.99 now. They don’t want to miss their piece of the pie either, I guess.

    I also said “heck with it” and placed an order for one El Yunque and two Chaco Cultures right before I came here to type this. We’ll see if I get the El Yunque. I don’t know how long the backorder notice has been up.

  54. William says

    Currency is only as good as the “fiscal policy” behind it.

    Inflation, particularly the price of a gallon of gas, seems to be rising about 25 cents a week. Personally, I am decreasing my purchases of mint products and driving less to compensate.

    Maybe I will switch from collecting mint coins to collecting license plates.

    Arizona horse trader…

  55. says

    Chickasaw “P” 5 oz had a final mintage of 16,827…maybe it’s value will go up too with all these 2012 sellouts.

  56. T1 browserman says

    “The robot is going to lose. Not by much. But when the final score is tallied, flesh and blood is going to beat the damn monster.” Adam Smith

  57. T1 browserman says

    And I will be patient and wait for that SILVER SUSPENSION before buying any numismatics from the MONSTER.

  58. george glazener says

    There’s always hope boys! I placed an order for Acadia-P from the MINT on 19 Feb. It read “back-ordered” all this time, while the expected ship date kept pushing it. I thought I was SOL. But just now it switched to “In Stock & Reserved”. It took 10 days for me to get confirmation. Whew…

  59. d.rock says

    George g Do You know what time on the 19th you placed your order? I also ordered on the 19th and my order status is still backorded.

  60. HistoryStudent says

    Girl scouts coin is actually very ugly should do well in the low sales category: versus the gender confused boy scouts coin it might be an improvement.

    Interesting how they raise the prices on precious metals, obviously, they heard something from the front running treasury department on QE to “hell and infinity.”

    May you live in interesting times.

  61. Hidalgo says

    @George – congratulations! Never give up hope. I am hoping that my order for 1 Acadia P coin is fulfilled. I am a bit skeptical, since my order was place a few hours later than yours. But I guess it never hurts to keep hoping….

  62. george glazener says

    Correction….make that ACADIA Shipped…!!! Woo Hoo. I really thought I was out of luck on that one..!!

  63. Hidalgo says

    @George, now wouldn’t it be great if your Hawaii coin could be shipped. My Hawaii and Acadia coins are still on backorder…..

  64. george glazener says

    Yep, it would have been even BETTER if I’d ordered a Hawaii, but I screwed around too long on that one and missed out. D”OH.

    But I did get the other 4 this year, so I’m blessed..!!

    I think the 5oz White Mountain in bullion form will be stunning. The others…???

  65. Robertson says

    If the Mint was a private business you would have a point.

    Really? The Mint has plenty of competition with a whole host of private mints manufacturing products that “coincidentally” resembles their products, not to mention all the international mints that produce outstanding coins (see last year’s COTY awards). If you detest our own Mint’s products so much, feel free to take your business elsewhere.

    The fallacy of your point is that the Mint is a government organization that produces junk…

    You’re certainly entitled to an opinion, but judging from the success of the Mint’s sales records, it would appear you’re among a very solid minority.

    … and I am a tax payer that funds government organizations. Are tax payers not allowed to comment on a government entity’s inability to run a profitable business?

    You’re wrong on both accounts. While the Mint is indeed a government organization, their numismatic programs are self-sustaining and operate at no cost to the taxpayer (that’s you). Again, feel free to research the Mint’s open business records… they continue to realize a profit year after year with the profits going directly to relief of the public debt, a small but nice windfall that benefits the taxpayer (that’s you again).

    Spoken by someone who has probably never ran a business…

    Wrong again, but why should I bother letting you know what I do for a living since you have already made up your mind? Mindless speculation can be an embarrassing activity, you know.

    What kind of person would argue for higher prices (unless that person works for the government)?

    Strike two. You’re not very good at this game, are you?

    Why does the Mint even need to sell numismatic products if they don’t satisfy the majority of collectors (which I believe is the case..especially with their commemorative offerings)?

    They sell them because they are REQUIRED to by law. Congress passes all legislation relating to coinage and the President signs these acts into law. This includes commemorative issues, which dictates these coins’ respective denominations, composition, and maximum mintages. Here’s an idea… perhaps you should complain to your senators and congressmen, since they’re the ones where these ideas originate.

    I believe the Mint is “greedy” (along with the government in general).

    The Mint is simply a self-sustaining business that does what all businesses do… produce a product that satisfies a demand for said product. I guess ALL businesses are greedy in your book, huh?

    More than half of the federal government’s expenditures goes right back to the taxpayer (that’s you yet again) in the form of Social Security benefits, Medicare, Medicaid, and unemployment benefits. If that’s your definition of “greed,” I would love to hear you define “generous.”

  66. Louis says

    Nice job, Robertson! Anyone who does not believe the Mint is self-sustaining should simply go to the web site which clearly states that the Mint’s numismatic programs operate at no cost to the taxpayer. And read the annual reports which specify how much money coin collectors actually pay to bring down the deficit and debt. It is we who are subsidizing the taxpayer, not the other way around.

  67. William says

    And, how much does it cost to warehouse zillions of unwanted one dollar coins?

    Maybe it doesn’t really matter when all printing presses are running at full speed.
    Certainly makes a good case for purchasing gold and silver coins.

    No wooden nickels please.

  68. TomP. says

    Robertson is actually correct in what he says, no matter what you think of the mint and it’s products. I buy the basic lower end stuff from the US Mint (circa 1980, no medals, Shell gas station tokens etc).

    I.M.H.O. the RCM goes to the opposite extreme. I would go broke buying only every single variation of silver coins they put out every year. This year they’ve got a 12 coin half ounce series, a 5 coin one ounce series, the annual commemorative and numerous others. Ducks, colored, noncolored etc, etc.

  69. joe says

    “Really? The Mint has plenty of competition with a whole host of private mints manufacturing products that “coincidentally” resembles their products, not to mention all the international mints that produce outstanding coins (see last year’s COTY awards). If you detest our own Mint’s products so much, feel free to take your business elsewhere.”

    Please enlighten me as to other companies that produce legal tender for the USA government…besides the Fed; which is a bigger joke than the Mint. Neither private mints nor foreign governments create legal tender for the USA, and most numismatists in the USA collect legal tender; not tokens and loonies. So yes, the Mint does have a monopoly on what most numismatists collect.

    “You’re certainly entitled to an opinion, but judging from the success of the Mint’s sales records, it would appear you’re among a very solid minority.”

    Feel free to review the different blogs on this site and get comments on FS coins, Boy Scout coins, platinum coins (some), Girl Scout coin, etc. Very PC designs. I don’t think I’m in the minority, but you can delude yourself. They do produce great coins when they stick to their core and avoid PC. Yes…congress mandates the coins, but not the specifics of the designs that go on the coins (Boy Scout coins with girls, etc).

    “Strike two. You’re not very good at this game, are you?”

    Again, only someone that has more money than common sense argues for higher prices (unless they are on the government dole. I am all for profit, but not by a coercive monopoly. You accused people complaining about the huge increase in prices of being flippers (wrong!), and I have never flipped anything I have collected in my entire life. Perhaps “you’re not very good at this game.” I am tired of the US government creating inflation (through their “liberal” use of the printing press), and jacking up margins at the Mint beyond that. People that accept this premise are part of the problem; not the solution.

    “They sell them because they are REQUIRED to by law. Congress passes all legislation relating to coinage and the President signs these acts into law. This includes commemorative issues, which dictates these coins’ respective denominations, composition, and maximum mintages. Here’s an idea… perhaps you should complain to your senators and congressmen, since they’re the ones where these ideas originate.”

    Duh! Unfortunately, the MINT determines the designs and those designs (especially the commemoratives) are generally crap! I think the lower and lower mintages validate my point. PMs are actually down from their highs (and have been for over a year), yet mintages are dropping. Toss in major incompetence at the Mint (e.g., releasing four FS gold coins within a few weeks of each other), and what would anyone expect. The Mint (through its own incompetence) killed whatever chance a PC series (FS) had to begin with…and it appears they are going to do it again (we’ll see).

    “The Mint is simply a self-sustaining business that does what all businesses do… produce a product that satisfies a demand for said product. I guess ALL businesses are greedy in your book, huh?

    More than half of the federal government’s expenditures goes right back to the taxpayer (that’s you yet again) in the form of Social Security benefits, Medicare, Medicaid, and unemployment benefits. If that’s your definition of “greed,” I would love to hear you define “generous.””

    You have no idea what’s in my book (or any other book) as evidenced by you accusing “complainers” of being flippers and chastising “complainers” for being upset over the Mint’s margin increases! The product the Mint produces isn’t satisfying anything based on lower and lower mintages and more and more PC coins (I even hate the idea of a 5-Star General coin). The Mint is a monopoly producing legal tender crap and has to try and keep their profitability up by increasing their margins. It is the typical government circular reasoning that is so prevalent, and it will ultimately fail. P.S. I love private (non-government) businesses and have no problem with them gouging until their heart is content! The market (when it’s allowed) will always balance it all out.

    Also, I have never received a penny from Social Security, medicare, medicaid, etc. and frankly doubt that it will even be there if/when I would need it. Those programs may have originated with some merit, but are now a joke and systematically being destroyed by Congress and the President’s reckless spending. So to your point, I will rephrase and change my terminology from “greed” to “thievery.” Out government has become many things, but “generous” is not one of them (unless it’s for one political constituency or another). I can always be generous; the government will never be!

  70. Michael in Bama says

    Mike Sleazack on HSN has these graded by ANACS, MS70= $189, PR70= $199.
    And we thought the mint was out of their friggin minds!!!!!!!!!

  71. someone says

    HSN is always ridiculous in its pricing. ANACS is a crap grading company at best.

  72. VA Bob says

    I like to tune into HSN’s coin program when I’m in the mood for some comedy. I don’t know how those guys can do it with a straight face.

    As for the Mint, I don’t mind them making some money, but I do mind them gouging their customers just “because they can”, with nothing to show for it. I’ve bought loads of their stuff that is worth less now than I paid for it and that’s OK. I bought it because I like it. But that’s not a good reason to raise prices as eventually needs outweigh the wants.

    People will continue to buy want they want and can afford. flipperspers and speculators might not like the premiums cutting into their profits. Time will tell. But the more products the mint makes, even with small mintages, the less people (like me anyway) will be buying. Not for lack of wanting, financialcnecessitysity. IMO this might be a bad time for the Mint to try this pricing experiment. Personally, I feel they need to raise the consistency of quality before raising the prices.

  73. KEITHSTER says

    More products with lower mintages should make it easy for those who can save up to pick more winners. Can’t get them all so please choose carefull and only as many as you will need as to keep the mintages down. Thanks to all & good luck %wise

Leave a Reply

Your email address will not be published. Required fields are marked *