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Mike 's Blog

15 Aug 2021

Problems.With the Mint

Collecting Tips | Mike

Well the problem with the mint it did not start with the sale of the Morgan Dollar. It started years ago. Years when some of you have not been here.. We have a saying buy what you like. I have done that with the mint simply because I only buy the sets for my books. I had been collecting a wonderful set called The Presidential Coin and chronicles set. This set stared with Benjamin Franklin. I know he want President . . Then Abraham Lincoln. These sets were great. Till the mint made one of Truman with a reverse proof coin. ..What happened they lowered the mintage to 17,500.and made one of than Coins a reverse proof. These sets were not selling out. Till the mint pulled that trick. it was gone in 12 minutes. People.who never even knew of the set wanted this. So it became the man made rarity. The problem I believe started there. The Mint could sell out there products fast . It continues from then. There were more the 2016 Congradulations set mintage 5000. It still calls for high prices today. Then came the emergency sets.This I will never understand. They had another mint and make 250,000. What I would like to know how come there are still for.sale.? Then during the American Eagle set came rare Eagles.please give me a break. I know covid had allot to do with the emergency sets. But I get the feeling more were made than what they said. Now they can't be trusted. I believe Ryder has created his last mess. How about all those sets for kids were did they go? Well one set had a "problem" and the adults bought them. ? Really were that dumb. Don't forget the famous letter the one that said the above ground silver is low. If that was true silver would be 100 a ounce. Letter sent by Ryder! .Now I have mentioned just a few . Forget the bullion gold one tenth ounce. The mintage were nuts and still are. So what is the problem. For one people had programmed there computers to order getting many more than allowed. I had two bots ordering I am not a robot. Ten percent to the 18 bulk buyers.. That's nothing. . If the mintage is five thousand thats five hundred.. Five hundred we won't see. So to sum it up my friend Mokie put it very simple. You make these special coins make five hundred thousand. Get rid of bulk buyers all 18 of them. That stops the high prices in the secondary market. All this said more people were able to get there coins then ever before. But what about the San Francisco proof. 200,000 mintage . Sold out in 15 minutes. I got mine at 12: 13. No one said a word about that. And it was the next day. The fix was in !! Your absolutely right. They went back to there old tricks. Buy what you need for your sets and books they don't sell out. But I think the mint has been caught . Ryder will have to answer allot of questions before congress! I did not list all the mints tricks there are to many. I noticed the two and a half ounce medal is still for sale for160.00. How many do you want?

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26 Sep 2019

My Avatar

Collecting Tips | Mike

This will be very short. On Sept,29 I was planning on changing my avatar. Nothing to do with the other collector. I was born in Ireland. The custom being if you were born on a Saints day. That's the name you were given. So far I have used that name and my middle name Pat. And the 29th of September is my birthday The feast day of Saint Michael the archangel. What does this have to do with coins. We get to know others collectors by there avatar. All of them have special meaning. Now I'm writing this to let you know in advance so you don't think I'm new. We know the avatar we know the collector. I realized that I should of left it. Well when I change it maybe today it you will know Pat is Gone Mike is back. will stay. I have one other name Matthew. Yes Ireland believes strongly in the Saints. So now you won't have to say who's Mike.. I will sign my name in messages Mike was Pat. I think it's important otherwise you say who is this guy Mike. Well you will know. That's why it's important to let collectors know your the same person. I was thinking about it and Pat doesn't fit. So today i will to introduce Mike who was Pat. We have to know our collectors. I don't want anyone to get mixed up. So now you have Mike back and it will stay that way. Thanks Mike who was Pat. I hope you understood all that. Even I'm confused. Mike After all that it would not let change to Mike. I guess there's to many. So I chose the second initial to a B. Why? It's a good letter Why not b. I will keep that letter Why not. Mike B

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