The Mint Just Cheated Us Out Of Our Money!! DID YOU KNOW THIS?
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- čas přidán 27. 07. 2024
- #RecessionProofInvesting #CashForCoins #TreasureInPocketChange
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Read that email today from the mint and I just shook my head.....the mint is dead to me now
Enough people need to say "I'm out. Not paying for that!" for them to change what they are doing. I sent an email letting them know the prices where too high and that is why I will not be buying. The Mint expects you to pay THREE Times the cost metal content. Leave it to the US Mint to both waste money and also be a waste of money!
That is how the market is suppose to work. Buuuut, the market is now world wide, not domestic exclusively and many foreign collectors buy having zero issue with the price🤷🏻♂️
@@carlcaruso33 Still doesn't make justify the price to me. Maybe when my salary goes up 20% as well.....
I just got this email and now I will definitely not buy anything anymore from the mint
I'd like to think maybe they anticipate the price of silver exploding north of 50...but reality is they're just being greedy
Cancelled my subscription yesterday
everyone should email the mint and complain
I can guarantee that all inventory in hand was bought when silver was down. They’re just upping prices now to take advantage of a small windfall window.
There is zero appeal to buy anything from the mint for me. This just confirms it..
The US mint's web designer sure has a sense of humor placing the "Shop Now" tab at the bottom of the price adjustment list.
I have finally reached my breaking point with the U.S. Mint. Price increase on top of price increase, continued billing errors, difficult customer service, lack luster packaging with little to no protection for the product inside..... I have cancelled many subscriptions this year.... Looks like I'll be cancelling the rest. If the mint decides to actually release something that wows me, a purchase might be considered. The secondary market has more than fulfilled my needs as a collector. I have even been able to grab mint products for less than original sale price. They have not done much to retain my loyalty, and they will have to work hard to ever get it back.
I just cancelled all 9 of my subscriptions with the mint. It sucks because I’m a completionist and it’s hard to not have every year’s release anymore.
Cancelled all of mine yesterday.. US mint greed 👎
When the Mint first started hiking up their prices I always thought that it might have had something to do with them seeing how much money people were getting from buying them, and then flipping those coins on ebay. I don't know their reason but if no one buys them, the gov. has the money to where they'll just sit on them until someone wants them. Thanks for the info, buddy. Have a good one.✌️
I Canceled all my subscription
The price increases make sense, they just suck. Protest with your wallet
Minimum wage, shipping, cost, taxes and silver’s price and global interest has increased. Profit margins must increase by the standard percentage.
Similarly-One milkshake at McDonald’s is now as much as a Big Mac meal was 4 years ago. In some places, the Big Mac meal is as much as an ounce of silver was 4 years ago.
High inflation is real and it shows up everywhere.
Awesome job as always! The mint is taking advantage of us as usual
The more i think about it the more i realize the US MINT is FN crazy
I'm out I refuse to pay these prices. I was going to buy 5 of each but now I will get nothing.
Thanks u.s mint
I have a collection of Morgan dollars sets of different dates years ago around maybe 2010 when I bought my first American Gold buffalo proof set. It's been years since I bought from the US Mint. I am glad I bought my Morgan dollars back then.😀🎉🎉
Hey Shaun hope you and family have a safe and fun 4th
Glad I quit the Mint 4 years AGO!! Gouging now! The Mint Couldn't care less about the COLLECTORs!! S A D !!
Would you rather spend $91 on a new Morgan or a nice old one?
Yes, 3 nice old ones!!!
The only subscription I have from them is the Kennedy halves 😂
I wonder if they will raise the prices of these too?
@@mussrynorco I wouldn't be surprised to see them at $40 for the 2-roll set.
If no one buys them than the price will come down. Dont buy anything from the mint at all, just mess around with secondary market.
Do you think people that in the past have purchased and resold immediately after making 3x listing price are at fault? I hate the high prices too but as basic business principles dictate an after market party has for years been taking the margins for flipping. Mint is adjusting because of that issue. In my opinion
The mint prices have been insane 7 yrs@@Drewpeanuts1
@@rainymctrixie1 but people have been flipping longer than that. Flippers are not innocent here they are both guilty parties
why would anyone even pay $76 for a 1 dollar .999 silver coin ?
Just mark it $50.00 and sell it for 50 dollars. It'd be over spot, but a fair price for a collectible coin.
Because if you are Morgan dollar collector or a Peace dollar collector, you have to remember these are not commemoratives. They are an actual continuation of the original series for both of those coins. They passed a law to do this. Personally, I am very happy that they’re not commemoratives. I do think the price hike is way too much, but what am I going to do? Stop collecting coins? That’s not gonna happen. I don’t buy a whole lot from the mint…at least I don’t think it’s a whole lot. Most of my coin money is going to vintage coins that I’m currently working toward complete sets of. Most of what I collect are vintage silver dollars, silver eagle proofs, vintage half dollars, and Washington quarters. I’m going to buy my coins. Sitting and complaining about the price increase it’s not going to change things. I will make my displeasure known, but I’m too old to bust a vein over it.
I'm with you, sir. I'm done with the mint.
It’s crazy! I’ll cancel my subscription for the reverse proof Morgan and peace set. Probably will sell cheaper on eBay after they come out like the 2023’s did lol
I cancelled almost all my Mint subscriptions about a year ago. I still get the annual Uncirculated Sets but that's all.
Same
I'm not even going to get the unc sets anymore. Fuck em. That's how furious I am
I thought the 2024 Liberty and Britannia Silver Medal was sold out last year?
That’s insane!
Shaun, I'm aiming more towards Libertad's, Maples, Germania, Britannia, & Silver Rounds to spend my money!!!🤑🤑
The Mints New prices they just emailed is just Crazy IMO!!! 👊
Im not buying nothing from them anymore.
Must be trying to cover the free shipping with the subscription? I canceled all my subscriptions.
Thnx for staying true to the heart of our holy and stacking community ❤❤❤❤❤🎉🎉🎉🎉🎉😊😊😊
I gave up ALL my subscriptions earlier this year because of the prices they charge. I'm fuck ING fed up
That’s what the gov does. They “weed out “ the week and cater to the rich
The price of the 5 ounce ABT SIlver Rounds is especially ridiculous as I can get pre-1933 $1 common date coins in circulated condition at that price.
The two takeaways. The prices were ALREADY overinflated before this latest increase. And the price gouging will now lead to lower mintages when coins are left unsold and end up getting sent back for melt.
I was planning on getting both, the Morgan and the Peace Dollar. Theyre gonna find themselves sitting on all those coins with no buyers. They should know the golden rule, "a coin is only worth what someone is willing to pay". And we not paying. Guess I'll keep stacking bars.
I honestly blame the flippers more than the mint. So many people have profited from buying and reselling for years and the mint understandably wanted some of that margin. People doing it for immediate financial gain and not the hobby are just as guilty if not more.
How many times have people bought something and immediately made exponential profit reselling? How often have people said they are going to buy one and sell the other? It’s crappy.
thank you for bringing this to us your still a rock star
Maybe the Mint knows something we don't. Silver could be taking a big bulge up. So they are trying to make a little money first.😬🤔➕
Unity reigns supreme. My thouths are exactaly the same as yours. Great video.
Actually the federal reserve is not government owned or run. The mint is the endorsment but the reserve mints the coins. A non governmental entity!
Plus Shipping & Handling, big bucks, Whammies!
A lot of idiots out there. The mint is counting on it.
There highering all there prices on all there silver coins and metals even Gold products for this up coming stuff.. dalm thats RIDICULOUS!!!
Yup dead to me too .that's ridiculous & the prices already were ! I hope I can cancel my uncle Morgan dollar before it's shipped out ..ughh
Power in numbers. Let's make a stance if all of us stop buying from US mint then no demand and mint would be forced to lower price. I'm done buying from US mint now enough is enough
What is ridiculous about it and I think this sums up really the whole price increase is back in 2020 I was thinking about collecting the presidential silver medals because they were $39.95 each the following week after I made the decision to start collecting them, they went from $39.95 to $65 each and I immediately changed my decision and did not purchase any of them.
Yeah Shawn, you know that the last couple of years have been extremely hard on me financially and the government is just raking people like me over the coals! I'm out!
The first release of the Peace and Morgan, showed the ineptitude of the US Mint.
They are dead to me.
I canceled my subscriptions a month or so ago. I had enough of their price gouging.
I wouldn't mind the jacking up of the price if the US Mint restricted mintages greatly as the Royal Mint does and improve the quality. Why not raise the price to $125 but offer them as 2 ounce piedfort Morgans and Peace dollars with a mintage limit of 1,000. But the Mint would rather take the route the Franklin Mint did which resulted them in having decline in sales as buyers realized how they were being horrendously gouged (more so than the US Mint). The only strategy is to wait and see what sales are and then just before they are removd from sale then you buy if the sales are very low or check the secondary market.
words from the wise should be sufficient.Thank You Shawn your coin knowledge is wicked but you also do the roadwork and bring the facts for us,Outstanding work Sir🤝
A few questions for you as I have followed you for many years and do enjoy your content.
Do you think people that flip coins have profited in the past from mint offerings and also taken advantage of hobbyists?
Have you ever flipped recent purchases from the mint for profit? I.e say you plan on buying 2 and keeping one and selling the other?
Do you think people that buy direct from the mint and flip in less than a week for 2x or 3x or sometimes more profit are contributing to this?
I would love to hear your thoughts on all of this.
I ask you this not confrontationally but in hopes you address. I think in the past mint products were under valued and after market people took advantage of this and consumed the margin. I don’t like how much they are either but if you miss a sale and in order to obtain you look online and it’s already 3 times listing price can you in good objective conscious blame the mint?
If a company like a Tesla was selling cars 3x below market value and people were snatching them up and selling them for exponentially more after would Tesla be the ones responsible for the increase of 3x to obtain that lost margin?
Even if you disagree with me I would love to hear your opinion.
Tax dollars do not run this side of the mint. The only part that involves tax dollars is the part that mints circulating coinage.
Yo they baking in for inflation 😂
Not to sound redundant but I cancelled my Morgan and Peace dollars, 2024. Out, out, out.
I so agree that they may be tiring of making coins and are taking care of that.
Impresionante bonita pieza 👍🏾 buen video excelente contenido nos está brindando
I bought the 2023 reverse proofs. Now there's more.😢
I bought a lot of these and these are not selling for a decent price on the secondary market.
well start buying from Canada I think the mint is noticing people grading them turning around and flipping them for tremendous sums of money like the 2019 American silver eagle I lost out on that one I just wanted to add that one for my collection😞
Purchase on the Secondary market for many years!
ALL subs cancelled ... boycott the mint !!!
Anyone buying silver from the US Mint will be stuck with a loss and the investment will never pay a return for profit. These price gouging idiots are insane and I’m sure there will be people who buy these over priced items but that’s on them. There is nothing special about these coins and there is no high demand for them.
I am considering getting sets from Royal Mail since the prices are high but the mintages are very low - well below 5,000 and if you get one every few years it is a beautiful coin set with strong long-term probably of developing a good premium (mainly the silver and gold sets though).
Yea I don't know if I can justify my proof set subscription @150 for a little over an OZ of silver.
Understand the history. The 2021 Peace and Morgan was the end. Please don't waste your money.
Just as the US Mint products are overpriced,so are the ridiculous not so fancy serial number banknotes on eBay...no difference
No more US Mint purchases!
Sean almost never make comments on anything but I do have to admit I enjoy your videos they're informative and educational now to get to the silver increases at the mint The only thing they can I can think of as they expect silver to go up to $50 an ounce before the end of the year whether or not that happens is another story but if they believe it it just might happen I personally hope it does I don't want to go to 100 that's just still too large to jump but 50 by December I think it's realistic and is this price increase that justifies to them the increase in price me I'm not buying any of it take care Good luck good success good health May God be with you
I was planning on getting doubles of the 2024 series but I may just dump the whole thing due to cost.
Either they know silver is about to double or they are trying to make up for fewer people ordering and trying to put it on the customer to make up the difference. Either way, they lost me as a customer. They are not going to stop until we all stop accepting it. My guess is there just being greedy.
SMH... 😡 On price gauge.. they bout the money "US" MINT"
That's good 👍
All cancelled. Well I am keeping mint sets
Just not good. I already cancelled due to the price. Now even more? No. Private mints at 1 to 5 over spot is the way to go
TY, man. This is some BS, ain't it?! I just got into numismatics well into the Statehood Quarters program, and I've bought a few mint sets and rolls or bags of quarters since then. I started with the, not so great Presidential Dollars set and I've got graded silver dollars (all 69's )from 1986-2018, or whenever (both not from the mint). I'm kind of poor, I can't work, and I'm on a fixed income. It's like a punch in the gut for me. Damn!
The haves and the have not's. America.
Have they raised the price like this on all their silver issues or just these two particular coins? They can get away with it due to the iconic nature of the coins. Otherwise it's a bust. They'll sell them all with many going overseas to avid collectors who care nothing about the price💯🙏🕉️🇺🇸👈🏻MAGA
The US mint is a business; and like all other businesses prices went up. Heard of the $18 BigMac meal in Connecticut. So living in a capitalist society, I chose not to participate in this price increase. You can collect many other coins aside from the products of the US Mint. Just like McDonalds, I chose to eat at my small local family run restaurants.
$130 for the 2024 Mint Set, Ridiculous 🤬
Going up to 150, for 7 small silver coins! And they end up milk spotting most of the time 🤦🏻♂️
I agree with you and most here! Have a safe and happy 4th of July! ❤️🤍💙🗽💯
Government over reach at its finest. I hope everybody cancels their subs.
I canceled all my subscriptions from the mint. their explanation is totally way off.glad your getting rhis out to the people.
Boycott time
I’m out
calm down its going higher they don't want you to have this
i'm out. priced out...
Ouch noticed morgan peace 2024 in the mail hope i can return at this price
Not even one ounce silver, not worth it! on the Morgan and Peace type coins. Can get older of this type coin for less.
Yeah these Morgan and peace dollars are not even a full 1 troy ounce. What a rip off. Greed flation at it's best.
are you kidding me? If you don't want to pay the price, don't buy them.
Hello Shaun,
This is why I said to you a year and a half again I closed my account with the mint. If I'm being bent over that far, I expect a kiss!!
No kiss offered!!
Ty,
👍👊
I will not buy, thanks bro!
Got the email
If silver is up $8 then a price increase of $15 is fair. That's how business generally runs, 100% markup over costs. 🤷♂
Shaun greatly indicated the comparison of a silver eagle next week versus when silver was 25% higher in 2011 the silver eagles were much cheaper then! What they need to have a pricing grid with silver as they do gold, so they don't infuriate their customers.
Canceled my subscriptions.
Hobyyyy
Greed. Trying to pay for all of Joe Biden‘s mistakes maybe?
Shaun I really appreciate you very much!! For all the knowledge and wisdom you share on this channel.! I've learned more from you than any other channel.!
What your talking about today is a very good point and I agree with you.
Although I'm very disappointed in you on this video today!!.. @11:58 in the video is Blasphemy..!!
Might not matter to you! Well it does to me for 2 reasons!!
1st , It's the 3rd Commandment and I rebuke your Blasphemous tongue!! I take it seriously when anyone talks about our /my Father!.
2nd,Because if you don't Repent and Forsake you will be judged accordingly!.
We all will be judged on day!! You don't want to be judged for that...!! I want to see you in Heaven one day.!
You have to be an awesome guy! All the knowledge and wisdom you share with everyone Proves it..!! Yes I bet it helps your business.! Most don't and wouldn't.!
I pray you ask for forgiveness!!..
Repent and Forsake
Are you pissed??? I can't tell.... 😂 People need to think about who they vote for. It really makes a difference !