Can Anyone Tell Me Why The Mint Sells Coins In Gold Boxes?

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Author	Replies: 8 / Views: 1,434
Shorzy Valued Member United States 51 Posts	Posted 02/25/2023 12:57 pm Hi CC, I am not sure why the mint sells coins in these "fancy" gold boxes. Are they just regular business strikes in elaborate wrapping? I googled it and......nothing. Please help. Report this Post to the Staff

jgfindring Rest in Peace United States 1380 Posts	Posted 02/25/2023 1:26 pm Those aren't sold by the mint like that. They are repackaged by a third party, probably World Reserve Mint (?) and sold at horribly inflated prices. Name might be World Monetary Reserve. Report this Post to the Staff
jgfindring Rest in Peace United States 1380 Posts	Posted 02/25/2023 1:28 pm And yes, they are just regular business strikes. Report this Post to the Staff
Shorzy Valued Member United States 51 Posts	Posted 02/25/2023 1:38 pm Oh that is interesting. Do you happen to know if the third party looks at the individual coins and then re-rolls them? Or, do they just take the mint roll and place it in this gold box to inflate the price? Report this Post to the Staff
jgfindring Rest in Peace United States 1380 Posts	Posted 02/25/2023 2:36 pm They don't inspect anything. I suspect they buy the huge Ballistic Bags of coins and then put them in their own rolls. They frequently use non standard quantities, I.e., small dollars come from the mint or a bank or armored car company in rolls of 25, I seem to recall that these guys package them in rolls of 20. Report this Post to the Staff
jgfindring Rest in Peace United States 1380 Posts	Posted 02/25/2023 2:37 pm They advertise in newspapers and non coin magazines a lot. Report this Post to the Staff
Shorzy Valued Member United States 51 Posts	Posted 02/25/2023 3:37 pm Yes you are right...there are 20/roll nickels. Well, it seems like a bit of a scam but if I can get them for cheap I might buy them in an auction. Thanks for the feedback!!! The information provided by all of you is so helpful! Report this Post to the Staff
Danjor Valued Member United States 92 Posts	Posted 03/02/2023 12:50 pm Thank for the information. I personally will avoid these. Happy Hunting! Report this Post to the Staff
Dearborn Moderator United States 64158 Posts	Posted 03/02/2023 3:50 pm Quote: I personally will avoid these. Good choice.. Collecting since 1972. Learning from then on "Tell me and I forget. Teach me and I remember. Involve me and I learn." - Benjamin Franklin 7070 type set coin count: 47/76 Uncirculated American Silver Eagles My American Silver Eagle Proof Collection Innovation Dollars Eisenhower-Dollars Kennedy-Half Dollars Washington-Quarters Roosevelt-Dimes Buffalo-Nickels Jefferson-Nickels Lincoln-Cents Report this Post to the Staff
	Replies: 8 / Views: 1,434

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