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Collectors Universe Inc. Message Board

  • dbtunr dbtunr Jul 23, 2013 10:07 AM Flag

    US Mint production still cranking

    July's total production will be the second highest month of the year only trailing January which is always the highest month

    see the usmint web site for yourself

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    • pcbutler@att.net pcbutler Jul 23, 2013 10:55 AM Flag

      db: Is there always a direct correlation between US Mint production and the business of CLCT? I would think that some buyers of US Mint products would not feel that there would be a further need to authenticate the items they have received from the Mint.

      On the other side of the picture, I have seen your comments about US Mint production since I bought into CLCT in February, and the two items (Mint production and CLCT profitability) do seem to dovetail very nicely. Your thoughts on this issue please, and I appreciate it.

      • 1 Reply to pcbutler
      • 1/2 of the coin volumes are modern coins just freshly produced by the US Mint. I'll give some examples:

        - in January the Mint produces the new year (2013 for this year) Silver Eagles and Gold Eagles. Many collectors collect full sets, one coin from each year. So there is a huge influx from collectors and from all the big houses like HSN, Goldmart, Apmex, etc who look to buy directly from the Mint and have the coins shipped directly to PCGs for bulk grading. This was one of the reasons for the huge volumes in January

        - during the year the Mint has a schedule of special coins they produce that are or interest to collectors. The big product this year is the Westpoint Mint special proof and reverse proof coins. These came out about 2 months ago and are limited to something like 250K sets. They are still being distributed to collectors as the Mint has had issues but the totals already graded by PCGS are over 11K.

        - The Mint has started producing Platinum coins again this year. These are generally limited to under 10K coins produced but almost all get graded by either NGC or PCGS.

        - there are special 1 oz Gold Buffalo coins being produced this year as well.

        So, in short, US Mint production levels directly correspond to Modern coin levels at PCGS.

 
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