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Mint finally takes action against flippers?

Bottom Feeder

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#2
United States Mint

Exchange of Coin

AGENCY: United States Mint, Treasury.

ACTION: Notice of Change in Numismatic Customer Return Policy.

SUMMARY: The United States Mint has modified its Numismatic Customer Return Policy to address the issue of excessive returns. Effective immediately, the United States Mint reserves the right to limit or refuse a return or to charge a fee for excessive returns. In addition, the United States Mint reserves the right to suspend accounts of customers with a pattern of excessive returns.

DATES: This change is applicable upon publication.

From the PDF
BF
 

oldgaranddad

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#3
Other than bullion coins the mint hasn’t produced anything I’d want to buy in years. All the coinage looks more like arcade tokens than coinage.
 

stAGgering

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#4
Other than bullion coins the mint hasn’t produced anything I’d want to buy in years. All the coinage looks more like arcade tokens than coinage.
No doubt OGD.
I'd drift towards USSR looking coins, when there was an USSR endlessly teetering upon the financial edge of da' cliff.
Where fraud, corruption, and directionless committee stricken choices showed upon its coins.
Coin history of all countries, portrays the erosion of the fundamentals it began.
Mirrors corporate P/E ratio, Debt/GDP, etc.

The "art" on the other hand is pure Kindergarten.
Ex: Last 5 oz puck would have been elusive for ones mind, as if one was there, and it could bring forth imagination.
Then, the committee threw in a loser, on a kayak.
That destroys my; casting, picnic, solitude, photo op, scuba dive... with someone else.
So cowardly the coin is.

They could have snuck in Irons detecting on the far shore, to scale, which kayak is not.
 

oldgaranddad

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#5
We should reinstitute the coin arts program that TR started and gave us the timeless design of Fraser, St. Gaudens and eventually MacNiel.

I bet you in a 100 years no one will be reissuing the current batch of designs.
 

southfork

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#6
Dealers will get hurt, not joe 6pk, thats one of the reasons ive mostly avoided the mint, never know when your getting dealer rejects
 

Crockett

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#7
Dealer rejects? Price goes against you? No questions asked - return it to the mint? Looks like in 2009 the return policy was changed from 30 days (unbelievable) to 7 days (still a deal). I’m not a collector so I had no idea this was going on. IMO unless there is traumatic damage due to shipping, all dealers and collectors should have the same luck of the draw as anybody else. Exploitation and abuse causes change.
 

Fatrat

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#9
Luck of the draw determines who gets the best coins and you shouldn't be returning coins unless something was seriously wrong with them.
 

HistoryStudent

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#10
Still it is the same deal FREEDOM!

The US Mint refuses to make the BEST OF THE BEST OF THE BEST. So that forces the buyers who desire what they pay for to flip the coins to get what they demand. The MINT refuses to stamp the coins like they did with better management for the 2009 UHR Saint Gaudens- some 9 times (we had a great fellow running the mint then)! Even though the people like you and me pay the same exorbitant fee (way over gold price - as in 2009) for their privileged snotty sales over the price of gold for that same service. BTW - us that purchase the coins get mostly 69s not 70s... poor manufacturing practices- they should train in Europe. America is last... our mint never wins anything against the world... they are like little league against the Majors...

I quit buying from them years ago when their rude (civil serpents) crooked ways would not take an honest computer order.
I am like LONESOME DOVE Captain Call, "I just can not stand for rude behavior." (Remember that BIG SNOTTY govy guy with the horses!)
 
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