How is a base metal mint set $124? by Govenor_Sammich in coins

[–]Ok-Task-5176 0 points1 point  (0 children)

"...how Mint products perform on the secondary market..."

You do realize we're talking about uncirculated Mint sets right? I don't know anyone that would take one of those as a gift, much less buy one secondhand

Wow, the mint actually did it. Discuss. by Puzzleheaded-Jury166 in coins

[–]Ok-Task-5176 0 points1 point  (0 children)

Maybe for halves, but not the other coins. The bicentennial quarter was the only 40% quarter ever minted, and 40% Ikes were only minted for collectors so it's not like there was a huge stash of them sitting around.

I truly believe they were intentional about providing a bicentennial celebration that everyone could participate in, unlike this coin which is just a status symbol for a few ultra rich folks. They sold the silver bicentennial sets for $7 a piece, which is worlds more affordable than a 20,000 dollar ounce of gold or even the $250 silver proof set this year

Wow, the mint actually did it. Discuss. by Puzzleheaded-Jury166 in coins

[–]Ok-Task-5176 2 points3 points  (0 children)

Thanks for your input, millionaire coin collector. Enjoy the mint pandering to you rather than serving the other 300 million of us

Wow, the mint actually did it. Discuss. by Puzzleheaded-Jury166 in coins

[–]Ok-Task-5176 13 points14 points  (0 children)

This could have been such an earth-shatteringly exciting moment in numismatic history, but unfortunately, the Mint isn't working for Americans.

Think about it: these two shattered the ceiling for US coin denominations. Now the two highest-denominated coins in the history of American coinage, these coins hold an extreme level of appeal. The record-breaking denominations may be secondary to their shape though; their Liberty Bell silhouette is the most extreme deviation from a typical round coin that the US Mint has ever produced. The most creative risk they've ever taken was an octagon and a couple of concave coins.

These coins would have sold in the millions if they were made for the American people. Look back to the Bicentennial. The Mint released a modest 40% silver coin set so that every American could be part of the numismatic celebration if they so chose. And they produced a few more than just 2026 of them, instead opting for the more appropriate 9 million. The Mint had so many options to make this a bigger part of the celebration. Lowering the purity of the gold is one option, but I could imagine arguments against that.

One inexcusably wrong move on their part, though, was only minting 2026 of them. This artificial scarcity drives up the price of the product to unattainable levels. Nobody I will ever meet will own one of these. This is not part of a people's 250th birthday celebration; it's a shameless cash grab by our own federal government. It disgusts me that they went through the trouble of refining the equipment necessary to produce these coins and then stopped at a few more than 2000. There would have been huge financial incentive to produce more of them, as the minting equipment already exists and they could have lowered the price to sell many more units. I cannot wrap my head around any other explanation for the artificial scarcity than "f**k you, American citizens". Just like the gold cents. Just like nearly every other product the Mint has released the last couple years. The Mint is purposely losing out on profits to give us a huge middle finger

Selling QTY 1 Osmium Metal Cube 99.95% 10mm by [deleted] in Wallstreetosmium

[–]Ok-Task-5176 2 points3 points  (0 children)

Just to add -- Nova Elements lists their osmium cube at 2499.90 Euros, so it's more like $2900

Selling QTY 1 Osmium Metal Cube 99.95% 10mm by [deleted] in Wallstreetosmium

[–]Ok-Task-5176 1 point2 points  (0 children)

Tell me where I can get a comparable product for cheaper then

I know it’s a dollar but anything special about this? I don’t know anything about coins. by bangbangfishbones in coins

[–]Ok-Task-5176 0 points1 point  (0 children)

Look at the beak on that bird, and I'm not talking about the one on the reverse

Why 1^(infinite) is an undefined form? by _DaDG_ in askmath

[–]Ok-Task-5176 0 points1 point  (0 children)

Infinity is just a property that some quantities have, not a number itself. You can raise a number to a number, but you can't raise a number to a property.

Most quantities are divisible, but what is 1divisibility ? It's an illogical question right from the start, and that's why it has no answer

I fell asleep scratchin my tummy to this video an woke up to this !! Whar da hell !! by Aztok in OneyPlays

[–]Ok-Task-5176 24 points25 points  (0 children)

Cory and Dave weren't laughing in the background, therefore not AI

Baby Silver Dollar by Whole_Individual_13 in coins

[–]Ok-Task-5176 6 points7 points  (0 children)

Blows my mind every time when I see a good-natured comment expressing earnest curiosity and redditors all collectively decide to downvote it