O/T... "Price for U.S. Mint's 3-inch BRONZE medals to quadruple to $160"

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CascadeChris
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O/T... "Price for U.S. Mint's 3-inch BRONZE medals to quadruple to $160"

Post by CascadeChris » Sat Sep 26, 2020 4:08 am

Um, wow. They must not want to sell.. any? What's their long term play here? Surly they know this is untenable, right? I thought it was an Onion article when I read the headline. We need a jaw drop emoji :shock:

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Re: O/T... "Price for U.S. Mint's 3-inch BRONZE medals to quadruple to $160"

Post by HawkeEye » Sat Sep 26, 2020 9:57 am

Without some miracle return to the classic medals like the Comitia Americana series this seems to me to be a non-event. The older ones sell for pretty low premiums until you get into the really rare ones. I would bet that supply and demand brings these back down on the secondary market because of a lack of demand.
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vamsterdam
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Re: O/T... "Price for U.S. Mint's 3-inch BRONZE medals to quadruple to $160"

Post by vamsterdam » Mon Sep 28, 2020 1:50 am

MAYBE THEY AREN'T SELLING ENOUGH AND HAD TO RAISE PRICES.

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Re: O/T... "Price for U.S. Mint's 3-inch BRONZE medals to quadruple to $160"

Post by messydesk » Mon Sep 28, 2020 2:39 pm

Perhaps it's some weird, counter-intuitive dance they're doing with perceived rarity and value. If they're cheap, they'll be able sell more, everyone will think everyone will buy one, and so nobody will want them. If they're too expensive, nobody will want them, but everyone will see that they're too expensive and that nobody will buy them, so they'll be rare and then everyone will want them, and they'll sell more. They should just announce a $3000 issue price, a limited run of 2000, and make more money than they ever have on medals.
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vampicker
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Re: O/T... "Price for U.S. Mint's 3-inch BRONZE medals to quadruple to $160"

Post by vampicker » Mon Sep 28, 2020 2:42 pm

Or they are tanking the program so they can shutter it without any meaningful opposition.
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Re: O/T... "Price for U.S. Mint's 3-inch BRONZE medals to quadruple to $160"

Post by Longstrider » Mon Sep 28, 2020 2:58 pm

@messydesk Catch 22. You sound like Milo Minderbinder. This makes my head hurt.🐍

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messydesk
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Re: O/T... "Price for U.S. Mint's 3-inch BRONZE medals to quadruple to $160"

Post by messydesk » Mon Sep 28, 2020 3:07 pm

vampicker wrote:
Mon Sep 28, 2020 2:42 pm
Or they are tanking the program so they can shutter it without any meaningful opposition.
Only to have more coming out of retirement parties than Richard Nachbar.
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RogerB
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Re: O/T... "Price for U.S. Mint's 3-inch BRONZE medals to quadruple to $160"

Post by RogerB » Mon Sep 28, 2020 3:58 pm

Very few US Mint list medals are even so much as slightly unavailable. There are multiple versions of most depending on date of production and the type of bronzing/antiquing applied.

The only ones of significant value are those in gold, aluminum and silver (with many exceptions).

If this is a valid price increase, the Mint might have an ulterior motive for their action.

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CascadeChris
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Re: O/T... "Price for U.S. Mint's 3-inch BRONZE medals to quadruple to $160"

Post by CascadeChris » Mon Sep 28, 2020 6:26 pm

vampicker wrote:
Mon Sep 28, 2020 2:42 pm
Or they are tanking the program so they can shutter it without any meaningful opposition.
Bingo
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ashmore86
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Re: O/T... "Price for U.S. Mint's 3-inch BRONZE medals to quadruple to $160"

Post by ashmore86 » Wed Sep 30, 2020 4:37 pm

messydesk wrote:
Mon Sep 28, 2020 3:07 pm
vampicker wrote:
Mon Sep 28, 2020 2:42 pm
Or they are tanking the program so they can shutter it without any meaningful opposition.
Only to have more coming out of retirement parties than Richard Nachbar.
LMAO.... :lol:

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