Silver American Eagles
An outsider's point of view
First, I do not currently collect SAE's so I did not have a "horse in the race" for last week's debacle.
Second, I just read the journal written by DennyJW. His letter from the mint states that they are working to review the process for future orders.
It seems to me that the mint would want to cater to its long term customers. The speculators will be out of the picture when the economy improves and the price of silver goes back down. The true collectors will be in for the long haul.
What would seem to be fair would be to offer customers with a SAE subscription a one day presale window to order something like this. I don't know if the subscribers have some sort of subscription number, but if so, that would be required to participate in this one day presale. Set the limit at one set per subscription number per household.
After that point, you can open it up to casual collectors and the public (AKA Speculators). If I were running the mint, I would want to appease the people who order from me year after year, not just when they think they can make a quick buck.
Again, I do not collect SAEs, but that is my opinion as to a fair way to distribute.
I hope everyone has a great collecting week!
Marcus
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