Originally Posted by
josephstern
Think the Mint just vastly overproduced these NAs? They're basically using all of us to transfer them to the Fed.
I think you overestimate the power of FT. A million coin run for the Mint would probably be considered a small run. Assuming there are not a hugh amount of cancelled orders, since Feb. 1st the Mint has processed 1,134,000 orders, I obtained that number by subtracting my first and last order numbers. If 100 FT'ers ordered 50 orders each, that would only total 5,000 orders, and most of us are a long way from 50 orders. Like any company, they have product in inventory and they want to sell it and we are helping them out. When I go to the bank I hear of little demand for the NA's, primarily they want the new Presidents. If the banks aren't ordering them, the Mint is stuck with the NA's in their inventory. Aren't you glad you are preforming a patriotric service for our Country?
